US President Donald Trump (File Image) US President Donald Trump approved a bid by Japan-based Nippon Steel to make a big investment in the iconic American steelmaker, causing the American company’s shares to surge dramatically amidst discussions about foreign control of a vital national asset.The Pennsylvania-based company’s shares increased by over 21 per cent, with […]
The International Monetary Fund (IMF) on Friday approved the immediate disbursement of $1 billion to Pakistan under the ongoing Extended Fund Facility (EFF), drawing sharp opposition from India, which warned the funds could be misused to support state-sponsored cross-border terrorism.The approval came during a board meeting in Washington, where the IMF also reviewed a proposed […]
Israel has drawn up a fresh Gaza plan, which includes a “conquest” of the Palestinian territory, an official said on Monday.“The plan will include, among other things, the conquest of the Gaza Strip and the holding of the territories, moving the Gaza population south for their protection,” news agency AFP quoted the official as saying.According […]
BRUSSELS: The European Commission said Wednesday that it had given formal approval for Leqembi, a long-awaited new treatment for early-stage Alzheimer’s disease, to be sold in the EU under strict conditions.The authorisation was granted Tuesday based on a favourable decision by Europe’s medicines watchdog, which after initial misgivings endorsed the treatment last November for a […]
LONDON: Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday.From 2028, all ships will be required to use a less carbon-intensive fuel mix or face financial penalties, the IMO said.The carbon pricing measure must now be […]
The US House of Representatives passed a bill on Wednesday limiting federal district judges from issuing nationwide injunctions. The move, backed mainly by Republicans, follows repeated court blocks of Trump administration policies. The bill restricts judicial orders to only those directly involved in a case. The legislation would prevent judges from issuing nationwide injunctions—orders that […]
The Senate approved Republicans’ budget blueprint just after 2:30 a.m. on Saturday to clear the way for passing President Trump’s domestic agenda, after Democrats forced an overnight session to protest the G.O.P. push to deliver what the president has called “one big beautiful bill” of spending and tax cuts. The 51-to-48 vote, mostly along party […]
Trump approves UK-Mauritius deal for Chagos islands (Picture credit: AP) US President Donald Trump formally approved the proposed deal between the UK and Mauritius over the future of the Chagos Islands, clearing a major hurdle for the transfer of sovereignty.Downing Street confirmed on Tuesday that the agreement is now in its final stages, with Britain […]
