ISLAMABAD: Pakistan plans to take action against militant groups operating on its soil, a minister said yesterday, amid global pressure to act after a suicide bomber killed 40 Indian paramilitary police in Kashmir last month. But Information Minister Fawad Chaudhry denied Indian accusations that Pakistan was involved in the Feb.
COMMENTARY By ABU ARQAM NAQASH & FAYAZ BUKHARI A flare up between arch-foes India and Pakistan appeared to be easing today after Islamabad handed back a captured Indian pilot, amid efforts by global powers to prevent a war between the nuclear-armed neighbours. Wing Commander Abhinandan Varthaman, who became the face
Egypt’s parliament is debating proposed constitutional changes that could allow President Abdel Fattah al-Sisi (pic) to stay in power until 2034 and tighten his control over the judiciary. The proposals, submitted by Sisi supporters in parliament, have divided the country of nearly 100 million people, the most populous in the
HONG KONG: The outlook for Hong Kong’s property market, the world’s least affordable, has started to firm with some analysts predicting prices could rise as much as 10 percent this year after only a short-lived correction. Pent-up demand, expectations of slower interest rate rises and optimism Beijing and Washington will
WASHINGTON: New orders for key US-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a sustained slowdown in business spending on equipment that could further crimp economic growth. The economy’s outlook was also dimmed by other reports on Thursday showing a measure
WASHINGTON: Top US and Chinese trade negotiators haggled on Thursday over the details of a set of agreements aimed at ending their trade war, just one week before a Washington-imposed deadline for a deal expires and triggers higher US tariffs. Reuters reported exclusively on Wednesday that the two sides are
BEIJING: State-owned oil company Saudi Aramco signed a $10 billion deal to build a refining and petrochemical complex in China yesterday, as Saudi Crown Prince Mohammed bin Salman wrapped up a two-day trip to Beijing. The Saudi delegation, including top executives from Aramco, arrived on Thursday on an Asia tour
NEW YORK: Shares of Kraft Heinz Co slumped 20 percent on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry. The gloomy results
TOKYO: Japanese manufacturing activity contracted in February for the first time in two-and-a-half years as factories cut output amid shrinking domestic and export orders, a private business survey showed yesterday. The survey also showed business confidence in Japan soured for the first time in more than six years, highlighting the
SYDNEY: Australia’s Westpac Banking Corp was sued yesterday by customers who said the bank had lent them money they could not afford to repay, the second such case the firm has faced in the past year. The case comes with Australia’s financial services sector under great pressure to reform after
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