Adani Lowers Growth Target and Capital Expenditure on Post-Hindenburg Repair Moves
Gautam Adani’s conglomerate has halved its revenue growth target and plans to delay new capital expenditures, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a short-selling attack. The group will now target revenue growth of 15% to 20% for at least the next […]
Bonds Plunge, Moody’s Sees External Position under Stress
Karachi: Sovereign bonds plunged on Friday after Pakistan’s bailout talks with the IMF ended without a deal. The country’s bond which was due to be paid off as soon as possible, in April 2024, fell 4.6 cents on the dollar or about nine percent. Other bonds with longer repayment dates fell between two and three […]
Five Key Takeaways from Joe Biden’s 2023 State of the Union
Biden addressed his legislative agenda for the coming year, including economic goals, relations with China, and police reform. U.S. President Joe Biden delivered the annual State of the Union address, the second of his presidency, in which he outlined his policy goals and spoke about accomplishments as he ponders running for a second term. But […]
Death Toll Tops 4,000 After Earthquakes in Turkey and Syria
Sub-zero weather conditions and snowfall in the devastated region have increased hardship for rescue workers. Turkey’s President Recep Tayyip Erdogan has declared seven days of national mourning, and Syria has appealed to the United Nations for help following devastating earthquakes that killed more than 4,000 people and toppled buildings in southeastern Turkey and northern Syria. […]
Thousands Mistake US Research Plane, Viral Explosion for Chinese Spy Balloon
A US high-altitude research balloon is now among the world’s most tracked aircraft after thousands of internet users mistook it for the alleged Chinese surveillance balloon hovering over the western state of Montana. More than 4,000 users followed every move of “N257TH,” a standard high-altitude research balloon that is often launched over the United States, […]
US Alleges Chinese Spy Balloon Flew Over Sensitive Military Sites
A suspected Chinese surveillance balloon has been flying over the United States for a couple of days, but the Pentagon has decided not to shoot it down for fear of harming people on the ground, US officials said. The United States took “custody” of the balloon as it entered US airspace and observed it with […]
Peshawar Bomb Blast at Police Line Mosque
PESHAWAR, January 30: A powerful suicide blast here at the Malik Saad Shaheed Police Lines mosque on Monday martyred at least 59 worshippers, mostly policemen, and wounded 175 others during the Zuhr (afternoon) prayer. According to a police spokesman, the death toll rose to 59 with 13 more critically injured expired here at Lady Reading […]
Imran Khan Confident of Winning Elections and Back IMF Role in Pakistan
Pakistan’s ousted Prime Minister Imran Khan said he was confident of returning to power this year and would back a continued role for the International Monetary Fund to shore up the economy and avert a growing risk of a debt default. The former cricket star, who was removed from office in a confidence vote last […]
Suspect Chunli Zhao a 67-year-old Half Moon Bay Resident
Authorities identified the suspect as 67-year-old Half Moon Bay resident Chunli Zhao. He was taken into custody without incident around 4:40 p.m. after he was found in his vehicle in the parking lot of the Half Moon Bay sheriff’s office substation, the sheriff’s office said. A semi-automatic pistol was found in his car. Seven people […]
Former Afghan Lawmaker Mursal Nabizada Shot Dead in Kabul
A former Afghan lawmaker and one of her bodyguards were killed in their home in Afghanistan’s capital, Kabul, police said. Mursal Nabizada had been a member of parliament in the US-backed government that was deposed by the Taliban in August 2021. She was one of the few parliamentarians who remained in Kabul after the Taliban […]