Modi Is Hedging Against Trump, One Deal at a Time
In a year of globe-trotting, the Indian prime minister has secured deals around the world as the United States becomes less dependable.
Gold steady as Fed hints at rate hike
[ Says central bank has ‘work to do’ on inflation; local rates stay flat despite 1% global drop KARACHI: Gold prices in Pakistan remained unchanged on Friday even as international bullion reversed course and fell more than 1% after Federal Reserve Chairman Kevin Warsh signalled the US central bank may still have “work to do” … Read more
Deportations expose Gulf job reliance
[ KARACHI: For Pakistani families, a job in the Gulf can mean the difference between financial security and economic hardship. But the sudden loss of that job can send a worker back to the same weak labour market that pushed him abroad in the first place – exposing a vulnerability that is increasingly visible as … Read more
Marquinhos secures draw for PSG
Paris Saint-Germain’s Marquinhos celebrates scoring during the Ligue 1 match against Lille. Photo: AFP LILLE: Captain Marquinhos headed in a dramatic last-gasp equaliser as Paris Saint-Germain scored twice in stoppage time to snatch a 2-2 draw at Lille in Ligue 1 on Friday. It looked as though the reigning French and European champions were heading … Read more
US secures majority control of 65B barrels of Venezuelan oil: Trump
Agreement set to double American reserves, ‘greatly strengthen’ relations with Caracas, says US president A picture of an oil pipeline. PHOTO: ANADOLU AGENCY US President Donald Trump said on Friday that Washington finalised an agreement with Venezuela to secure majority control of more than 65 billion barrels of proven oil reserves. “The United States of … Read more
Rs450b ML-1 upgrade faces financing hurdle
[ 399 train derailments in 10 years highlight urgent need for railway modernisation ISLAMABAD: Pakistan’s railway infrastructure is in urgent need of modernisation, with 399 train derailments and 158 accidents reported over the past decade due to deteriorating track conditions, Planning Minister Ahsan Iqbal said on Friday as he reviewed financing options for the Rohri-Multan … Read more
Short-term inflation sticky at 9.04%
[ KARACHI: Pakistan’s Sensitive Price Indicator (SPI) remained sticky at 9.04% year-on-year for the week ended August 27 as energy costs tied to the prolonged disruption of oil and gas traffic through the Strait of Hormuz continued to dominate the essentials basket, even after a sharp fall in tomato and chicken prices trimmed the weekly … Read more
Iran war depletes US military stockpiles, limiting global deterrence: report
US officials say inventories of interceptors in Europe ‘beyond critical’ levels; Pentagon denies scarcity This US military file photo shows a US Army Terminal High Altitude Area Defense (THAAD) launching station in Israel on March 4, 2019. Staff Sgt. Cory D. Payne/US Air Force/File The extensive use of advanced weaponry in the war against Iran … Read more
PSX edges up, stalls below 178,000
[ KARACHI: Pakistan Stock Exchange (PSX) closed modestly higher on Friday, adding over 370 points to settle near 177,700 after touching the intra-day high around 178,050. Arif Habib Limited (AHL) reported that the PSX delivered a mixed performance as the benchmark KSE-100 index closed at 177,696.51 with an addition of 373.73 points, or 0.21%. The … Read more
Why Iceland and Others Might Want In, Not Out, of the E.U. Club
A few years ago, some feared the European Union was going out of style. Now Iceland is mulling membership alongside a long list of candidates.