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PSX tumbles by 634 points on investor caution

September 22, 2024

China’s Chengdu turns to nighttime consumption to boost local economy
CHENGDU, China — Nighttime consumption is drawing attention as a way to revitalize the economy in the Sichuan province capital of Chengdu, with the southwest central Chinese city’s government encouraging more recreational activities after the sun goes down. Chengdu has a relatively laid-back atmosphere compared with such major cities as Beijing and Shanghai, and has…
Asia’s dollar hedging seen boosting regional currencies
TOKYO — Asian insurers and other businesses have been helping strengthen Asian currencies in recent months by buying more protection against the U.S. dollar weakness. These investors, who have large holdings of U.S. bonds and other securities, had little urgency to hedge when the dollar was strong. But they are now increasing their hedge ratios…
McLaren drivers clash in Canada as rge Russell beats Verstappen to win F1 race
MONTREAL — rge Russell won the Canadian Grand Prix with a lights-to-flag victory on a hot Sunday in this city, giving Mercedes its first win of the 2025 Formula 1 season. He beat rival Max Verstappen of Red Bull, who finished second, and 18-year-old rookie Kimi Antonelli of Mercedes, who finished third and secured his…
Trump rejects Israeli plan to kill Iran’s supreme leader
IE 11 is not supported. For an optimal experience visit our site on another browser. Israel intercepts missiles launched from Iran, IDF says 03:15 Now Playing Trump rejects Israeli plan to kill Iran’s supreme leader, U.S. official says 02:57 UP NEXT Israel, Iran conflict roils Middle East and raises questions about Trump leadership 05:17 Iran…
2 killed and 32 injured after a bridge collapses at a tourist destination in western India
NEW DELHI — At least two people died and 32 others were injured after an iron bridge over a river collapsed on Sunday at a popular tourist destination in India’s western Maharashtra state, the state’s top elected official said. At least six people were hospitalized in critical condition, Chief Minister Devendra Fadnavis wrote on the…
The myth of multipolarity: Are we descending into a new dark age?
Michael Miklaucic recently retired as a senior fellow and editor-in-chief of PRISM at National Defense University. He currently teaches at the University of Chicago and at the University of Sao Paulo, and is a senior fellow of the Center for the Study of Democracy in Sofia, Bulgaria. Multipolarity is all the rage today. But those…
Quratulain Iqrar opens up about bond with Aroosa Khan, calls her third sister
Quratulain Iqrar opens up about bond with Aroosa Khan, calls her third sister Journalist Iqrar Ul Hassan shares his personal life with his first wife, Quratulain Iqrar. Quratulain praises Aroosa Khan for her “fresh and positive addition” to their lives. Aroosa’s energy and support bring new dynamics to the family. Journalist Iqrar Ul Hassan often…
Government increases petrol prices for next fortnight
Government increases petrol prices for next fortnight The federal government on Sunday announced an increase in the petrol price by Rs4.80 per litre for the next 15 days, raising it to Rs262.59 from Rs254.64 per litre. The Finance Division said that the new petrol price will take effect from June 16, according to a notification.…
Iran launches fourth phase of “Waada e Sadiq III” operations, hit missiles at Haifa, Jerusalem, and Tel Aviv
Iran launches fourth phase of “Waada e Sadiq III” operations, hit missiles at Haifa, Jerusalem, and Tel Aviv Iran has launched a barrage of ballistic missiles at Haifa, Jerusalem, and Tel Aviv—responding to earlier Israeli strikes on Tehran’s naval headquarters, government buildings, and water installations. Sirens blared, and thick clouds of smoke enveloped the targeted…