McDonald’s sales fall globally for first time in more than three years – World
McDonald’s reported a surprise drop in sales worldwide on Monday, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items, including Big Macs. Persistent inflation has forced lower-income consumers to shift to more affordable food options at home. That has prompted fast food chains such as McDonald’s, Burger King, […]
TLP vice emir booked as govt vows ‘iron’ action on threats to top functionary – Pakistan
Pir Zaheerul Hasan Shah, the vice-emir of Tehreek-i-Labbaik Pakistan (TLP), has been booked in a terrorism case, it emerged on Monday, as the government vowed an “iron fist” response to elements inciting violence against a top functionary. The development comes after the TLP held a series of gatherings last week in various parts of the […]
China leads in AI innovation with 378,000 patents, outpacing global growth rate
The number of effective artificial intelligence (AI) invention patents in China reached 378,000 by the end of 2023, representing a year-on-year growth rate of over 40 percent, the country’s top intellectual property regulator released the data on Monday. “The growth rate in China is 1.4 times higher than the global average,” the China National Intellectual […]
Death toll surges to 43 in K-P tribal clashes
PESHAWAR: At least 43 people have been killed in clashes erupted over a land dispute in tribal areas over one week, authorities and locals said on Monday. Intermittent clashes are still continuing in several parts of volatile Kurram district of Khyber-Pakhtunkhwa province, which borders neighbouring Afghanistan, despite a ceasefire brokered by tribal elders on Sunday, Sahid […]
Covid-19 effects to cause ‘excess’ deaths in Australia for years
Australia is expected to experience the long-term impacts of the Covid-19 pandemic, with elevated mortality rates persisting for years. According to a report by the Actuaries Institute released on Monday, 8,400 more people died in 2023 than would have been expected under pre-pandemic conditions, a decrease from the 20,000 ‘excess’ deaths recorded in 2022. The […]
Israel has right to respond to Hezbollah rocket strike: White House
WASHINGTON: White House Affirms Israel’s right to respond to Hezbollah rocket attack US Supports Israel’s Right to Retaliate After Hezbollah Rocket Strike, Says White House. Israel has every right to respond to Hezbollah after a rocket strike in the Golan Heights on Saturday although the US does not believe it needs to result in escalation, White […]
JI chief reiterates demand for relief in electricity tariff, urges govt to renegotiate with IPPs – Pakistan
Jamaat-i-Islami (JI) Emir Hafiz Naeemur Rehman on Monday reiterated his party’s demand to have electricity tariff reduced and rid the country of independent power producers (IPPs), threatening that the party would continue its ongoing protest until the government takes action. Addressing a rally in Rawalpindi, Rehman said that the underpriviliged segment of the society cannot […]
SBP cuts key policy rate by 100bps to 19.5pc – Business
The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut the key interest rate by 100 basis points (bps) to 19.5 per cent from the previous rate of 20.5pc. The Monetary Policy Committee (MPC) statement issued by the central bank said that it had decided to cut the policy rate […]
Crypto stocks surge after Trump voices support for Bitcoin
Shares of New York-listed cryptocurrency firms gained on Monday after Republican presidential candidate Donald Trump talked up bitcoin and promised friendlier regulation for the industry.Crypto exchange Coinbase’s shares climbed 3%, while miners Bitfarms , Riot Platforms and CleanSparkwere up between 4% and 5%. Trump has projected himself as the pro-bitcoin candidate ahead of the election […]
SBP cuts key policy rate by 100bps to 19.50pc – Business
The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut the interest rate by 100 basis points (bps) to 19.5 per cent from the previous rate of 20.5pc. In a statement, SBP Governor Jameel Ahmed said the central bank’s Monetary Policy Committee (MPC) met earlier today and reviewed the current […]