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The International Monetary Fund’s (IMF) Executive Board of Directors on Monday approved the resumption of Pakistan’s Extended Fund Facility (EFF) program. With this, the cash-strapped country will get USD 1.17 billion as the 7th and 8th installments. This is big relief news for the neighboring country which is facing the ...

The Biden administration announced on Wednesday that the US would provide about $3 billion in additional military aid to Ukraine as Ukraine marked the start of an unprovoked invasion of Russia as well as six months after its Independence Day. Although the earlier aid packages focused on meeting Ukraine’s urgent ...

Ford Motor is cutting nearly 3,000 jobs from its global workforce, as the automaker seeks to reduce costs as part of restructuring efforts under CEO Jim Farley. A company spokesperson confirmed that Ford began notifying employees about the cuts on Monday. The cuts are for 2,000 salaried positions and 1,000 ...

A Hindu sweeper has been arrested for allegedly committing blasphemy in Pakistan’s Hyderabad city. Earlier, an extremist organization had staged a series of protests against the sweeper and accused him of burning a page of a religious book. According to the report, the extremist group Tehreek-e-Labbaik Pakistan (TLP) protested in front ...

According to the Chief Economist of Hang Seng Bank China, China is currently in the grip of a devastating heatwave, which could have a serious impact on its economy. China is facing record-breaking heatwaves and power shortages in the Yangtze River region. Extreme temperatures have inhibited crop growth and put ...

The retail conglomerate Authentic Brands Group, which owns brands including Reebok, Forever 21, and Juicy Couture, has signed a deal to buy UK fashion chain Ted Baker for US$ 254 million. The deal price represents a premium of approximately 18% to Ted Baker’s closing price on Monday. The company is ...

The Federal Bureau of Investigation (FBI) has recovered some top secret government documents from former US President Donald Trump’s residence in the US state of Florida. The US Justice Department said Friday that FBI agents searched Trump’s home in Florida this week, confiscating some confidential documents. These documents were related ...

Axios company announced on Monday, that it is being acquired by Cox Enterprises to expand the digital news site’s coverage to include more cities. According to information shared by people familiar with the matter, the deal is valued at Axios at $525 million. The company shared the information in a ...

A fire broke out at an oil depot in the Cuban city of Matanzas (100 kilometers from Havana) on Saturday. During this, more than 120 people present in the depot were injured. Officials said that they found the body of one person on the spot. There are also reports of 17 ...

The Biden administration on Thursday declared the monkeypox outbreak in the US a public health emergency amid rising cases of monkeypox infection. The country’s top health official has confirmed this. Cases of monkeypox infection are being reported in the world as well as in Europe. The US health minister said the move is ...