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Oil prices fall as weak factory data fuels global demand concerns

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register Prices fell to lowest in more than 2 weeks on Monday Factories squeezed by higher prices, weak customer demand U.S. targets Chinese, UAE firms in new Iran oil sanctions Aug 2…

Shujaat extends olive branch to Elahi – Pakistan

ISLAMABAD: PML-Q Secretary General Tariq Bashir Cheema grimaces as party chief Chaudhry Shujaat Hussain addresses a press conference at his residence on Monday.—Tanveer Shahzad / White Star ISLAMABAD: Amid a widening rift between the Chaudhrys of Gujrat, Pakis­tan Muslim League-Q (PML-Q) President Chaudhry Shujaat on Monday extended an olive branch to his cousin Chaudhry Parvez Elahi asking him…

PR dispatches medical, relief teams to flood-hit Balochistan – Newspaper

LAHORE: Pakistan Railways (PR) administration on Monday dispatched its teams to the flood-hit areas of Balochistan to assist the local administration in provision of medical aid and ration to the affected people and also announced to transport relief goods by trains to the calamity-stricken areas of the province. “At this stage we must extend help by all means to the people of Balochistan…

Miftah Ismail assures Pakistan will meet all debt payments

KARACHI: Pakistan sees a way out of its current economic crisis without descending into default, thanks to progress on a stalled International Monetary Fund loan as well as spending cuts, Finance Minister Miftah Ismail said. “With the commodity super cycle and Russia-Ukraine war, oil prices skyrocketing and gas going as high as ever been in history, Pakistan and other emerging countries have…

Saudi GDP climbs nearly 12% in 2nd quarter on oil gains

RIYADH: Saudi Arabia’s year-on-year economic growth hit nearly 12 percent for the second quarter, led by a surging oil sector, the government’s statistics agency said Sunday. The Middle East’s largest economy has benefited from a spike in oil prices triggered by Russia’s invasion of Ukraine, and has largely resisted appeals from Western countries to raise output in order to bring prices…

Rawalpindi:A meeting was held to review arrangements during Muharram-ul-Harram at police line Headquarter here on Monday, informed the police spokesman. SSP (Operations) Waseem Riaz Khan chaired meeting while SP Headquarters, SP Security, In-charge Elite, Lines Officer, In-charge Command and Control Room and other branch in-charges also participated. SSP (Operations) Waseem Riaz Khan said…

US kills Al-Qaeda chief in Kabul drone strike – World

World US kills Al-Qaeda chief in Kabul drone strike Joe Biden announced Monday that the United States had killed Al-Qaeda chief Ayman al-Zawahiri. 02 August,2022 07:37 am WASHINGTON (AFP) – President Joe Biden announced Monday that the United States had killed Al-Qaeda chief Ayman al-Zawahiri, one of the world s most wanted terrorists and a mastermind of the September 11, 2001 attacks, in a…

Neymar, Messi secure Champions Trophy for PSG on Galtier debut

TEL AVIV: Neymar scored twice with Lionel Messi also on target as Paris Saint-Germain thrashed Nantes 4-0 in the Champions Trophy in Tel Aviv on Sunday in new coach Christophe Galtier’s first match in charge. After an underwhelming first season in French football, Messi struck 22 minutes into the traditional curtain-raiser, being played in Israel for the second year in a row. Neymar, whose…

Oil prices slip as weak manufacturing data stokes recession fears

Working pumpjacks are seen in the Montebello Oil Field in Montebello, California. Oil prices edged lower on Tuesday, extending losses from the previous session, as investors worried about global oil demand following weak manufacturing data in several countries. Frederic J. Brown | Afp | Getty Images Oil prices edged lower on Tuesday, extending losses from the previous session, as investors…

Leader of Al Qaeda Killed by U.S. Drone Strike: Latest Updates

Ayman al-Zawahri, the Egyptian-born surgeon-turned-jihadist who assumed the leadership of Al Qaeda after the killing of Osama bin Laden and who died at 71 in a drone strike in Kabul, Afghanistan, over the weekend, according to U.S. officials, led a life steeped in secrecy, betrayal, conspiracy and violence, most murderously in the Sept. 11 attacks against the United States in 2001. While Bin…

All eyes on ECP as PTI funding verdict due today – Newspaper

ISLAMABAD: As the Election Commission of Pakistan (ECP) is set to announce much-awaited verdict in the 2014 prohibited funding case against Pakistan Tehreek-i-Insaf (PTI) on Tuesday, the PTI that managed to get resolutions against Chief Election Commissioner (CEC) passed from two provincial assemblies announced protest outside the ECP office in Islamabad on Aug 4, seeking the CEC’s resignation. A…

Al Qaeda leader Zawahiri killed in US drone strike in Afghanistan: Biden – World

Al Qaeda leader Ayman al-Zawahiri was killed in a US strike in Afghanistan over the weekend, American President Joe Biden said on Monday. Zawahiri, an Egyptian surgeon who had a $25 million bounty on his head, helped coordinate the Sept 11, 2001, attacks that killed nearly 3,000 people. US officials, speaking on the condition of anonymity, said the United States carried out a drone strike in the…

Compensate the flood-hit in 24 hours, PM

QILLA SAIFULLAH/QUETTA/KARACHI/ISLAMABAD: Prime Minister Shehbaz Sharif on Monday ordered strict action against the provincial administration over negligence in ensuring availability of food and drinking water at the tent city set up to accommodate the flood-affected people. The prime minister issued the directive during his visit to the tent city in the Khusnob area of Qila Saifullah district,…

Prohibited foreign funding to political parties and global scenario

LAHORE: Just as the Election Commission of Pakistan (ECP) is all geared up to announce the long awaited verdict in the Pakistan Tehreek-e-Insaaf (PTI) Prohibited Foreign Funding Case on Tuesday morning (today), restless political pundits across the country began their kite flying on Monday, as they were heard airing prophecies about the likely judgment, that is bound to have a major bearing on…

UN chief warns humanity ‘one miscalculation away from nuclear annihilation’

UNITED NATIONS: UN head Antonio Guterres warned Monday that the world faced “a nuclear danger not seen since the height of the Cold War” and was just “one miscalculation away from nuclear annihilation.” “We have been extraordinarily lucky so far. But luck is not a strategy. Nor is it a shield from geopolitical tensions boiling over into nuclear conflict,” Guterres said at the start of a…

nifty: Foreign inflows get stronger, Sensex, Nifty gain for 4th day

India’s benchmark indices kicked off the month of August on a strong note with the Nifty and Sensex gaining about 1% on Monday led by upsides in auto stocks triggered by strong monthly sales data. The stock market extended gains to the fourth straight day led by renewed foreign inflows, expectation of less aggressive rate hikes by the US Federal Reserve and fall in oil prices. The Sensex ended…

PAC summons: former NAB chief moves IHC – Pakistan

ISLAMABAD: Former chairman of National Accountability Bureau (NAB), Justice Javed Iqbal (retd) approached the Islamabad High Court (IHC) against the Public Accounts Committee’s summon to appear before the committee. A single bench of Acting Chief Justice Aamer Farooq will take up the petition Tuesday (today). Former NAB chief Javed Iqbal, who is also Chairman Commission of Inquiry on Enforced…