Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears – Business
Wall Street’s nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline this year after a hot May jobs report fueled fears of a hawkish policy pivot from the US Federal Reserve. Selling was concentrated among chip stocks and other technology favorites that have surged higher in […]
AJK govt bans Joint Awami Action Committee under Anti-Terrorism Act – Pakistan
The government of Azad Jammu and Kashmir on Friday declared the Joint Awami Action Committee (JAAC) a proscribed organisation and placed it under the First Schedule of the region’s Anti-Terrorism Act 2014. The notification by AJK’s Home Department said the group is “engaged in terrorism” and has acted in a manner “prejudicial to peace and […]
US Congress moves to tighten oversight of military affairs – World
WASHINGTON: The US Congress is moving to tighten oversight of Pentagon leadership decisions and limit unilateral military action against Iran, in a rare bipartisan effort that underscores renewed tensions over presidential war powers and civilian control of the military. On Thursday, the House Armed Services Committee adopted a bipartisan provision that would require the Pentagon […]