Pakistan finance minister known for propping up rupee in earlier stints. Ishaq Dar, Pakistan’s new finance minister, has strongly favored intervention in currency markets in three previous stints in the job, but faces a nation in economic crisis this time and the conditions of an International Monetary Fund (IMF) program. Dar, a seasoned politician and […]
Dollar pauses for breath as fragile pound edges up
Dollar pauses for breath as fragile pound edges up. The dollar took a pause on Tuesday in what has been a relentless climb higher as under-fire sterling as well as the euro and Japanese yen recovered some ground from multi-year lows, but medium-term fundamentals were still in the greenback’s favor. Sterling climbed over 1% to […]
With flowers and a gun salute, Japan bids farewell to Abe at state funeral
Tokyo: With flowers, prayers and a 19-gun salute, Japan honored slain former Prime Minister Shinzo Abe on Tuesday at the first state funeral for a former premier in 55 years – a ceremony that has become as controversial as he was in life. The ceremony started at 2:00 pm, with Abe’s ashes carried into the […]
UK may fine TikTok $29 million for failing to protect children’s privacy
UK may fine TikTok $29 million for failing to protect children’s privacy. 27 million pounds ($28.91 million) following an investigation that found the short-form video app may have breached UK’s data protection law by failing to safeguard privacy of children using the platform. The investigation found that TikTok could have processed data of children under […]
Turkey sending 3,000 police to Qatar to help secure World Cup
Turkey sending 3000 police to Qatar to help secure World Cup. Turkey will send more than 3,000 riot police to Qatar to help secure World Cup stadiums and hotels in a security operation paid for by the competition hosts but under Turkish command, a Turkish Interior Ministry source said. With a population of less than […]
Israel to sell Spyder air defense system to UAE
Israel to sell Spyder air defense system to UAE. Israel has agreed to sell an advanced air defense system to the United Arab Emirates, two sources familiar with the matter said, in the first such known deal between them since they forged ties in 2020. The deal reinforces how, for some Arab states, resolving the […]
Bhutan welcomes back tourists after COVID-19 with honey, turmeric and SIM cards
Twenty-three foreign visitors landed in Bhutan on Friday, the first to arrive as the Himalayan kingdom reopened its borders after more than two years following the COVID-19 pandemic, with officials looking to tourism to help revive the local economy. Wedged between China and India, the country known for its natural beauty and ancient Buddhist culture, […]
U.S. announces over $170 mln in humanitarian assistance for Rohingya Muslims
U.S. announces over $170 mln in humanitarian assistance for Rohingya Muslims. The United States on Thursday announced over $170 million in additional humanitarian assistance for Myanmar’s Rohingya Muslims, including those outside the country such as in Bangladesh, Secretary of State Antony Blinken said. “With this new funding, our total assistance in response to the Rohingya […]
U.S. places sanctions on Iran’s morality police for abuse of women
The United States on Thursday put sanctions on Iran’s morality police, accusing it of abuse and violence against Iranian women and holding it responsible for the death of 22-year-old Mahsa Amini, who died in custody last week The U.S. Treasury accused the morality police of violating the rights of peaceful protesters and said it had […]
Italy’s watchdog asks Facebook for clarification on pre-election activities
Milan: Italy’s watchdog asks Facebook for clarification on pre-election activities. Italy’s Data Protection Agency has asked Facebook to clarify the activities the social media giant has engaged in ahead of Sunday’s national elections, it said on Thursday. Tech giant Meta (Meta.O), which owns social media platforms such as Facebook and Instagram, has launched an information […]