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Women shop for jewellery at a market in Peshawar on June 8, a day before Pakistan releases its budget

Pakistan Failing In Every Economic Index: Key Survey

Pakistan failed to meet any economic growth targets for the fiscal year 2022-23, according to a key government report released Thursday -- a day before the new budget is to be presented to the national assembly.
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Traders are optimistic the Federal Reserve will stand pat on interest rates at its meeting next week

Asian Markets Rise On Revived Hopes For A Fed Rate Pause

Stocks rallied again in Asia on Friday, fired by renewed optimism that the Federal Reserve will hold off lifting interest rates next week as fresh data indicated further tightening in the US labour market.
AFP news Jun 09, 2023
The Sudanese government has declared United Nations envoy Volker Perthes (C) "persona non grata"

Sudan Declares UN Envoy Volker Perthes 'Persona Non Grata'

The Sudanese government has declared United Nations envoy Volker Perthes "persona non grata", two weeks after the army chief accused him of stoking the country's civil conflict and sought to have him removed from his post.
AFP news Jun 09, 2023
US Secretary of State Antony Blinken  approaches to shake the hand of Saudi Foreign Minister Faisal bin Farhan during a joint press conference in Riyadh

After Saudi Visit, Blinken Raises Palestinian State With Israel PM

US Secretary of State Antony Blinken on Thursday urged Israeli Prime Minister Benjamin Netanyahu not to undermine prospects for a Palestinian state, after talks in Saudi Arabia which linked normalization to peace efforts. Blinken in a speech this week before the leading US pro-Israel group said that he would work to win recognition of the Jewish state by Saudi Arabia -- a major goal for Israel due to the kingdom's size and role as guardian of Islam's two holiest sites.
AFP news Jun 09, 2023
Under the new rules, companies promoting crypto products or services in Britain must from October give a clear warning that customers could lose money in "high risk" investments

UK Clamps Down On Cryptocurrency Sector

Britain's financial regulator on Thursday tightened rules over the promotion and selling of cryptocurrency as it seeks to protect consumers.
AFP news Jun 08, 2023
Francis, who has been the leader of the world's 1.3 billion Catholics for a decade, has suffered increasing health issues over the past year.

Pope In Good Condition After Hernia Operation: Vatican

Pope Francis, 86, spent a restful night and was in good condition after a hernia operation, the Vatican said Thursday, as doctors cautioned his age and health issues could affect his recovery time.
AFP news Jun 08, 2023
Russian Ambassador to the Netherlands Alexander Shulgin accused Ukraine of destroying the Kakhovka dam

Russia Tells UN Court Ukraine Shelled Dam

Russia accused Ukraine at the UN's top court Thursday of destroying a key dam with artillery strikes, and alleged that Kyiv was led by neo-Nazis -- a claim Moscow has used to try to justify its invasion.
AFP news Jun 08, 2023
Emergency responders gather in a staging area near a forest fire that has been burning since Sunday on the shore of Centennial Lake in the Township of Greater Madawaska

Wildfires Burn Across Canada With Little Relief In Sight

Forest fires continued to burn across Canada on Thursday as the country endured its worst-ever start to wildfire season, forcing thousands of people from their homes and sending a smoky haze billowing across U.S.
Reuters Jun 08, 2023
Would-be suicide bomber Ismail Ashuqullah regrets missing the chance to blow himself up at the height of the Afghan war

The Afghan Valley Proud Of Its Young Suicide Bombers

Taliban-trained suicide bomber Ismail Ashuqullah regrets missing the chance to blow himself up at the height of the Afghan war -- like many other young men from the lush green Tangi Valley.
AFP news Jun 08, 2023
Former Pakistani PM Imran Khan speaks with Reuters during an intervew, in Lahore

Pakistan's Imran Khan Appealing To Courts To Avoid Second Arrest

Ousted Pakistani prime minister Imran Khan was on Thursday due to appeal to several courts for bail on a growing list of charges against him in a bid to avert his arrest, which could risk a repeat of violent protests by his supporters.
Reuters Jun 08, 2023
A UNICEF logo is pictured outside their offices in Geneva

UNICEF Concern Over Report Of Aid Group Ban From Afghan Education

The U.N. children's agency said on Thursday it was following up with Afghanistan's Taliban authorities over whether international organisations would be excluded from education projects, which could affect hundreds of thousands of students.
Reuters Jun 08, 2023
European Union flags flutter outside the European Commission headquarters in Brussels

EU, COP28 Host UAE Pledge To Rally Support For Renewable Goals

The European Commission and the United Arab Emirates' presidency of this year's COP28 climate summit pledged on Wednesday to seek support for global goals to expand renewable energy, which they said would help countries to shift from unabated fossil fuels. The UAE's incoming COP28 President Sultan al-Jaber - who is also the head of the country's national oil company - last month urged countries to focus on "phasing out fossil fuel emissions". That could allow countries to keep using fossil fuels, while using technology to capture their emissions.
Reuters Jun 08, 2023
Lionel Messi in action for Barcelona against David Beckham of LA Galaxy in a friendly match in 2009

Rocket Man Messi Ready To Fire MLS Lift-off

It is hoped Messi, who won the World Cup with his country in December, will give a massive boost to the popularity of the league and the sport in the run up to the 2026 World Cup which the US is hosing along with Mexico and Canada.
AFP news Jun 08, 2023
The Bank of Canada's surprise rate hike revived concerns that the Federal Reserve will tighten monetary policy again next week, dealing a blow to hopes it will skip until July

Asian Markets Turn Lower On Fresh Rate Hike Worries

Renewed fears that the Federal Reserve will lift interest rates next week sent Asian markets into reverse Thursday, tracking losses across Wall Street and Europe, while traders were looking for measures from China to boost growth.
AFP news Jun 08, 2023
A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad

Pakistani Budget Caught Between IMF Expectations And Election

Pakistan's government will hope to find a balance between reforms to satisfy the International Monetary Fund and measures to win over voters in an imminent election in its budget for the 2023-24 fiscal year to be announced on Friday, analysts said.
Reuters Jun 07, 2023

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