Cuba, Lacking Fuel, Relies on Ingenuity to Defy Trump’s Blockade
President Trump has tried to strangle Cuba by blocking its oil imports. But six months later, the island is finding ways to endure.
The Fed’s New Chairman Faces His Biggest Test Yet
[Kevin M. Warsh, who has said the Federal Reserve has “no tolerance” for elevated inflation, must decide whether he wants to push for an interest-rate increase at this week’s policy meeting.
PSX roars back as US-Iran tensions ease
KSE-100 jumps over 5,300 points as Brent plunges 4.2% to $92.74; autos, banks, cement and energy stocks lead buying KARACHI: Equities at Pakistan Stock Exchange (PSX) managed a muted cheer on Monday as investors took the latest signs of de-escalation between the United States and Iran as a step towards putting the conflict on hold, … Read more
First phase of AJK elections begins as 1.4m voters head to polls
First phase covers Mirpur Division’s 13 constituencies, comprising 4 seats in Mirpur, 3 in Bhimber, 6 in Kotli Over 1.4m voters head to polls as first phase of AJK elections begins. PHOTO: EXPRESS ISLAMABAD: Polling for the first phase of the 2026 Azad Jammu and Kashmir (AJK) Legislative Assembly elections began peacefully across Mirpur Division … Read more
GSP+: a bridge, not a destination
[The European Union's latest assessment of Pakistan's performance under the GSP+ preferential trade scheme presents a mixed picture. There is encouraging progress, but also areas of serious concern. The report is neither a recommendation to withdraw Pakistan's GSP+ status nor a clean bill of health. Among the positive developments, the report highlights stronger human rights … Read more
Seattle shooting suspect in custody, local media reports 2 dead, 5 injured
Shooting took place at a downtown Seattle food festival; police urge people to avoid the area Police officers stand at a cordoned-off area after Seattle Police responded to what they described as a shooting with “multiple” victims at Seattle Center, which was hosting a Bite of Seattle food festival, in Seattle, Washington, US, July 26, … Read more
China’s CXMT Stock Soars 470% in Start of Trading, Amid A.I. Race
[The meteoric rise on its first day of trading catapulted CXMT, China’s leading memory chip maker, to being the most valuable company on the Shanghai stock exchange.
Cheap labour export is not a wise strategy
[ Sindh government announces publich holiday of May 1. PHOTO: TRIBUNE KARACHI: The fiscal year closed with a current account deficit of $139 million. Although meagre, it marks a reversal from the previous year’s surplus of $1.838 billion. According to State Bank of Pakistan statistics, the current account was cushioned by a $3.3 billion increase … Read more
Why Pakistan’s inflation is worse than China’s
[ ISLAMABAD: Every time the State Bank of Pakistan (SBP) lets money supply grow drastically by issuing bonds or by injecting rupees on account of remittances, we expect inflation in a while. But when the People’s Bank of China does something similar, no one in Beijing worries about inflation. For perspective, in 2026, Pakistan’s headline … Read more
Iran says it will halt strikes as long as US bombing pause holds
Trumps advisers tell him they are running out of targets, express worries about depleting the US arsenal A billboard depicting US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu on a building in Tehran, Iran, July 21, 2026. PHOTO: REUTERS Iran will halt its own attacks as long as the United States does the same, … Read more