The price of Brent, the global crude benchmark, rose 3.0 percent to trade at more than $81 per barrel. Stock markets were mixed, taking a breather after rising on Friday when US Federal Reserve chief Jerome Powell signaled that a rate cut was coming. In a further sign of the Fed’s thinking, another policymaker came […]
Brent crude futures climbed 37 cents, or 0.5%, to $79.39 a barrel by 2300 GMT while U.S. crude futures were at $75.19 a barrel, up 36 cents, or 0.5%. In one of the biggest clashes in more than 10 months of border warfare, Hezbollah fired hundreds of rockets and drones into Israel on Sunday, as […]
Despite this, a senior US official described the talks as “constructive,” noting that all parties engaged intending to achieve a “final and implementable agreement.” The official, speaking anonymously, added that the process would continue over the coming days, with working groups set to address unresolved issues and details. The negotiation teams will remain in Cairo. […]
“In the enduring struggle between democracy and tyranny, I know where I stand and I know where the United States belongs,” Harris said, accusing Trump of cozying up to dictators. On the final, and most anticipated, night of the convention, Harris, 59, sought to redefine herself for America as she and Trump entered the final […]
According to a statement issued by the central bank, Pakistan’s reserves held by the SBP increased by 19 million to US$ 9.29 billion during the week ending on 16th August. Meanwhile, the country’s net foreign reserves held by commercial banks stood at $5.375 billion during the period. “During the week ended on 16-Aug-2024, SBP reserves […]
Tang Yuanjun, 67, swam to a Taiwan-controlled island more than 20 years ago before being granted political asylum by the United States. He was charged on Wednesday with acting as an agent for the People’s Republic of China in the United States from 2018 to 2023, the justice department said in a statement. Tang completed […]
GM confirmed the layoffs initially reported by CNBC, “As we build GM’s future, we must simplify for speed and excellence, make bold choices, and prioritize the investments that will have the greatest impact.” CNBC said the job cuts include roughly 600 jobs at GM’s tech campus near Detroit. GM, which said about half of the […]
China is battling soaring joblessness among young people, a heavily indebted property sector, and intensifying trade issues with the West. Chinese Premier Li Qiang, who is responsible for economic policy, on Friday, called for struggling companies to be “heard” and “their difficulties truly addressed”, according to the state news agency Xinhua. The unemployment rate among […]
In a joint statement, the US, Qatar and Egypt said Washington had presented a new proposal that built on points of agreement over the past week, closing gaps in a way that could allow rapid implementation of a deal. Mediators would keep working on the proposal, they said. “The path is now set for that […]
Citing an unnamed source within Iran’s Supreme National Security Council, the paper claimed that the delegation’s visit aimed to ease tensions amid recent assassinations linked to Israel. According to the Israeli outlet Jerusalem Post, which cited al Jarida’s report, the delegation allegedly provided Iran with a list of ten Mossad agents believed to be operating […]
