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Articles for tag: Charles, DRIVE, Harrys, King, Prince, return, royal, wedge, William

August 26, 2024

News Desk

Prince Harry’s royal return could drive a wedge between King Charles, William

Prince Harry’s royal return could drive a wedge between King Charles, William Attempts by King Charles III to make amends with his youngest son appear to be going up in smoke as Prince William and Harry’s rift “will be difficult to mend”. The cancer-stricken King is said to be desperate to make peace with the Sussexes, finding ways to bring the Duke back into the royal fold. However, royal commentators and experts believe the monarch’s move could open a new war with his eldest son, as William is unable to give his younger brother another chance. It has been reported

August 12, 2024

News Desk

Humanoid robotics boosts China’s innovation drive

As the sun rises over the southeast Beijing suburb of E-Town, a mesmerizing scene unfolds. Stretching lean arms and legs, running at a precise pace and practicing Tai Chi, the participants are not your typical grey-haired men. They look elegant, energetic and like human beings. Yes, they’re not our kind — they’re humanoid robots. A staff member demonstrates a gesture-controlled robot during the AI ​​World Conference 2024 in Shanghai, east China, July 4, 2024. PHOTO: XINHUA A staff member demonstrates a gesture-controlled robot during the AI ​​World Conference 2024 in Shanghai, east China, July 4, 2024. PHOTO: XINHUA As rising

July 14, 2024

News Desk

Anticipated US rate cuts drive investors beyond Big Tech

NEW YORK: Looming U.S. rate cuts present investors with a tough choice: stick with Big Tech stocks that have led returns for more than a year, or turn to less-loved areas of the market that could benefit from easing monetary policy. Owning technology and development giants such as Nvidia, Microsoft and Amazon has been a highly profitable strategy for investors since early 2023, even though the stock’s dominance of the market has drawn comparisons to the dot-com bubble of the late 2000s. 1990s. That calculus may begin to change after Thursday’s surprisingly tepid inflation report boosted expectations for a near-term

May 25, 2024

News Desk

UAE investment hopes drive PSX to record high

KARACHI: The Pakistan Stock Exchange (PSX) on Friday soared to a new all-time high near the 76,000 mark, fueled by assurances of $10 billion in investment from the United Arab Emirates (UAE) and the International Monetary Fund’s (IMF) statement that Pakistan had made significant progress towards agreement at staff level. Earlier, trading started on a bullish note and the stock market rose steadily till midday. After trading resumed, the KSE-100 moved further north, hitting an intraday high of 76,248.76. However, some profit-taking dragged the index lower, but the market still finished trading at a record high near 76,000 points. Among

April 22, 2024

News Desk

Conflicts drive ‘7% increase’ in global military spending by 2023

A representational image showing armed soldiers aiming at a target during training. — AFP/File The US and Russia boost military spending by 2% and 24%, respectively. SIPRI highlights a large share of GDP going to the military. NATO accounts for 55% of global military spending. STOCKHOLM: As the world continues to be affected by various armed conflicts, such as the Russia-Ukraine war and Israel’s attack on Gaza, global military spending is set to grow 7% in 2023, the highest since 2009, to 2.43 trillion dollars. According to the Stockholm International Peace Research Institute (SIPRI), a leading think-tank based in Sweden,

January 31, 2024

News Desk

Political security fears drive PSX down

KARACHI: The Pakistan Stock Exchange (PSX) continued its losing streak on Tuesday as it fell over 900 points amid growing concerns over political noise and security challenges ahead of the country’s elections. Despite starting trading on a promising note, marked by an intraday high of 63,074.51 points, the KSE-100 index could not sustain the momentum and began a rapid decline before noon. The downward streak was exacerbated by concerns over the weak economic outlook and pending fiscal reforms for loss-making state-owned enterprises (SOEs). Additionally, the power sector’s cyclical debt and reports of a six-month budget deficit at 2.3% of gross

December 1, 2023

News Desk

Why an assassination plot won’t drive the US away from India

WASHINGTON: A brazen murder-for-hire plot against an American citizen that authorities say was directed by an Indian government official looks on the surface like a development that could upend the fragile new US-India partnership. But the countries – all eager for an ally to counter a rising China – appear poised to try to bypass the assassination attempt detailed in a US indictment released Wednesday. Federal prosecutors in Manhattan said the unnamed Indian official, whose responsibilities include security and intelligence, and Indian national Nikhil Gupta, 52, plotted this summer to kill a New York resident who supported a sovereign state

November 10, 2023

News Desk

DFIs can drive capital market growth

Islamabad: Acting Federal Minister for Finance, Revenue and Economic Affairs, Dr Shamshad Akhtar, highlighted the central role that Development Finance Institutions (DFIs) can play with expertise, efficiency and flexibility in promoting growth and development in the capital market. Presiding over a meeting with the chairman of the Securities and Exchange Commission of Pakistan (SECP) and heads of DFIs, Akhtar reviewed the progress made in setting up a Private Equity and Venture Capital (PE & VC) Fund. In a commitment made during a meeting on September 30, 2023, DFIs had pledged to launch a PE & VC Fund, positioning it as

November 9, 2023

News Desk

Taxes, used car imports drive up car prices

Islamabad: Indus Motor Company (IMC) CEO Ali Asghar Jamali has pointed to issues such as high taxation, inflation, used car imports and exchange rate volatility as drivers of higher prices for locally produced cars in Pakistan. In a meeting with journalists in Islamabad, Jamali stressed the need for a comprehensive import policy to support the development of the local auto industry while addressing the challenges posed by the large import of used cars. He also urged the government to review the taxes levied and take steps such as signing free trade agreements (FTAs) with various countries to reduce tariffs and

April 15, 2021

The Pakistan Daily

Over 1.4 million Afghan refugees to get new PoR smartcards

ISLAMABAD: The Government of Pakistan, with the support of UNHCR, has launched a nationwide verification exercise for 1.4 million Afghan refugees during which new smartcards will be issued. The Documentation Renewal and Information Verification Exercise, or DRIVE for short, was inaugurated at a ribbon-cutting ceremony in Islamabad by the Federal Minister for SAFRON, His Excellency Mehboob Sultan. The UNHCR Representative, Noriko Yoshida, and the Chief Commissioner for Afghan Refugees, Saleem Khan, were also present on the occasion. During the six-month exercise, registered Afghan refugees who currently hold Proof of Registration (PoR) cards will be provided with new smart cards. “The

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