World News

Pakistan seeks $10 billion facility from US to bolster forex stability

The proposed USD 10 billion Exchange Stabilisation Support Facility from the US comes as Pakistan seeks to move away from a financing model that has relied heavily on loans, deposits

Walmart reports rare sales miss as consumers cut spending, shares fall

"When fuel prices increase and get above $4, perhaps there's a psychological impact ‌to that ... consumers are making trade-offs," CFO John David Rainey said

Alibaba's quarterly revenue up 9%, misses adjusted profit due to AI spend

Alibaba's capital expenditure rose 75% to 67.68 billion yuan in the quarter ‌ended June 30, as it continued to invest in AI infrastructure.

Humanoid robots nearing ChatGPT moment as physical AI advances: Unitree CEO

Shares in China's best-known humanoid robot maker fell 11% on Thursday, a day after soaring nearly sixfold in their market debut

Houthis say they attacked Najran airport, Aramco facilities in Saudi Arabia

Houthis have claimed that they carried out two drone attacks on Saudi Arabia, targeting area near the Narjan airport and an Aramco facility

BNP's Mirza Fakhrul Islam Alamgir elected as Bangladesh's new President

Ruling Bangladesh Nationalist Party (BNP) candidate Mirza Fakhrul Islam Alamgir was on Thursday elected as the country's new President in the first contested poll for the post in 35 years.

China says Donald Trump's economic warfare won't solve Iran crisis

China was Iran's 2nd-largest trading partner in 2025, behind the UAE, which this week cut all economic ties with Tehran after accusing it of firing ballistic missiles at UAE's territory

Iran says Trump's 'Economic D-Day' is a diversion from US domestic problems

Iran said that ‌the US "Economic ​D-Day" ​against Iran was a ​diversion from America's economic problems and ​warned that ‌further pressure would ​fail.

Meta's child safety trial: What Instagram is accused of & what's at stake

A 29-state coalition sued Meta in 2023 over child safety and privacy; California, Colorado, Kentucky, New Jersey are leading the current trial, while other states will pursue their cases separately

North Korea fires suspected ballistic missile toward sea, says Japan

The launch came a day after Pyongyang dismissed Washington's move to scale back military exercises with South Korea as Kim Yo Jong rejected Trump's overture

Will Imran Khan walk free? Why his hospital transfer is fuelling buzz

Imran Khan's transfer to a private hospital under the Supreme Court's watch has triggered speculation whether this is an early sign that the former prime minister will move out of prison

Russian missile strikes kill 12 in Kyiv, wound 33 overnight: Officials

The strikes hit 12 locations across Kyiv, damaging homes, a medical facility and an educational institution as emergency crews searched for survivors

Evergrande founder Hui Ka Yan gets life term, firms fined $2.4 bn

The property tycoon was convicted of fundraising fraud and bribery, while Evergrande and its onshore unit were fined 15.82 billion yuan

US weighs reducing military presence in Gulf as Iran war cost hits $37.5 bn

The review follows extensive damage to American installations during the Iran conflict, with officials assessing future base configurations and whether damaged facilities should be rebuilt

Asian shares rise, South Korea's Kospi jumps 6% after Wall Street gains

South Korean stocks rebounded sharply after a steep sell-off, with Samsung Electronics up 9.7% and SK Hynix gaining 14.1% on a share buyback plan

US debt crosses $40 trillion: Why America's debt burden keeps growing

The US government is spending far more than it collects in revenue, with rising interest costs, social security and Medicare outlays, defence spending and tax cuts widening the fiscal gap

US military facilitates oil shipments through secret Hormuz route: Report

The US military has established a discreet shipping corridor through the Strait of Hormuz, allowing millions of barrels of oil to move daily amid disruptions to traffic during the Iran war

Prince Harry, Meghan to move back to Britain, royal roles unchanged: Report

The Duke and Duchess, who left the UK in 2020, will relocate from the US to a private residence outside London

Japan reports record exports, imports for July as energy costs climb

Imports rose 27.8 per cent to a record 12.15 trillion yen, while exports grew 23.2 per cent as strong auto and semiconductor shipments offset some pressure

Trump declares 'Economic D-Day' on Iran, warns those helping Tehran will pay

The US president has threatened severe economic consequences for countries whose banks, businesses, airports or state entities provide financial or commercial lifelines to Iran