Equities fell as a selloff in chip stocks spread to South Korea, reviving concerns the blistering rally in artificial intelligence shares this year may have gone too far, too fast. Brent slipped to the lowest since before the start of the Middle East war. The MSCI All Country World Index dropped
Russia launched a large-scale missile and drone attack on Ukraine Thursday, targeting Kyiv and other regions across the country. Russia’s Defense Ministry said that it carried out a “massive strike using long-range precision air, land, and sea-based weapons and attack drones.” Moscow sai
Russia has launched a large-scale overnight attack on Ukraine's capital that killed at least 11 people and injured dozens as loud explosions shook Kyiv for hours. The attack with ballistic and cruise missiles and drones damaged buildings and civilian infrastructure across the city. Many resi
OpenAI has proposed handing the U.S. government a 5% stake in the company, the Financial Times reported Thursday, as the artificial intelligence startup seeks to defuse mounting political pressure in Washington. A 5% holding would be worth roughly $42.6 billion, after the AI fab closed a record-b
Mexico turned on the style at their iconic Azteca Stadium on Tuesday, brushing Ecuador aside 2-0 to break their FIFA World Cup knockout curse dating back 40 years. The round-of-32 match was delayed for an hour due to stormy weather, and when it started, the co-hosts flew out of the blocks, mounti
US President Donald Trump made more than $1bn (£750m) last year from business dealings in cryptocurrency, according to his mandatory financial report for 2025. In a 927-page disclosure, he reported $635m in royalties from a Trump meme coin that has plunged in value since he launched it days befo
President Donald Trump’s annual financial disclosure report was released on Tuesday by the U.S. Office of Government Ethics, revealing income of hundreds of millions of dollars from proceeds of crypto tokens and holdings of hundreds of individual company stocks. Trump’s disclosure report for
Ministry of Finance drafts strategy for post-2027 Riba-free financial system Existing conventional loans to continue until maturity Majority foreign-owned banks may offer both Islamic, conventional products Cabinet nod will set legal transition in motion ISLAMABAD: As part of its strategy to gradually shift to a Riba-free financial system by Dec...
Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday said 22 Iranian crew members of a tanker earlier seized by the United States have arrived in Pakistan. On April 13, during the US-Iran war, Washington imposed a naval blockade and would target and board oil tankers and other vessels trying to enter or leave Iranian ports. One of these...
The government on Friday kept petrol and high-speed diesel (HSD) prices unchanged at Rs299.5 per litre and Rs311.47 per litre respectively, for the coming week. The decision was announced in a notification issued by the Petroleum Division. Last week, Prime Minister Shehbaz Sharif announced a Rs74 reduction in petrol prices and a Rs67 cut in...
Elaborate security arrangements have been made countrywide today as scores of mourners take out Muharram 10 processions in observance of Yaum-i-Ashura. Yaum-i-Ashura is observed every year with mourning processions and religious gatherings to commemorate the martyrdom of Imam Husain (RA) and his companions in the Battle of Karbala in 680AD. The...
KARACHI: Pakistan could once again tap Iranian crude oil supplies following a temporary easing of US sanctions on Tehran, reopening the possibility of sourcing discounted crude and refining it locally to produce higher-value petroleum products. While industry experts say local refineries are technically capable of processing Iranian crude,...
Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and setting off powerful aftershocks. A magnitude 7.2 earthquake hit about 160km west of Caracas on Wednesday afternoon, followed less than a minute later by...
The death toll from Venezuelas devastating earthquakes has risen to at least 164, with 971 people injured, interim president Delcy Rodriguez said on Thursday. A magnitude 7.2 earthquake hit about 160km (100 miles) west of Caracas at around 6pm on Wednesday (local time), followed less than a minute later by a magnitude 7.5 tremor, according to the...
Key Points Micron reported fiscal third-quarter results that topped analysts' estimates. The company has been one of the biggest beneficiaries of the AI boom, which has caused historic demand for memory. Micron's stock price is up about 700% over the past year, lifting the company'