Construction is booming in Somalia’s capital city and as Mogadishu literally rises from the ashes of its violent past it is also giving unexpected opportunities to women like Fathi Mohamed Abdi and Saadia Ahmed Omar. The two young female engineers have been overseeing the construction of a 10-floor apartment complex in Taleh in the city’s…
The women crouch down motionless, kneeling between endless rows of fruit bushes, almost hidden from view. “Are you from ICE?” one of the women, a farm worker in a hat and purple bandana, asks us fearfully. After assuring her that we’re not with US Immigration and Customs Enforcement (ICE), which has been raiding nearby farms…
US President Donald Trump approved Nippon Steel’s $14.9 billion bid for U.S. Steel, capping a tumultuous 18-month effort by the companies that survived union opposition and two national security reviews. Trump signed an executive order saying the tie-up could move forward if the companies sign an agreement with the Treasury Department resolving national security concerns…
Price of a tola of 24-karat silver increases to Rs3,787 The price of gold in Pakistan and globally steadily continued to witness an upward trend. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola saw an increase of Rs1,500 on Saturday to reach Rs363,000. Similarly, the price…
ISLAMABAD: The prices of petrol and diesel are estimated to increase by about Re1 and Rs5 per litre, respectively, for the next fortnight ending June 30, owing to higher international market prices. Based on existing tax rates, informed sources said the ex-depot price of petrol was estimated to go up by about Re1 per litre depending on…
ISLAMABAD: The federal government has decided to raise the cash withdrawal threshold for non-filers to Rs75,000 from Rs50,000, aiming to provide relief to middle-income bank users, The News reported on Saturday. Under revised budget proposals for the Fiscal Year 2025-26, withdrawals exceeding the new limit will be subject to a higher 0.8% advance tax, up from 0.6%…
The Pakistan Crypto Council (PCC) exudes rare confidence — a quality that has helped it soar to great heights in a short period. Established in March this year, the council is led by State Minister for Crypto and Special Assistant to the Prime Minister on Blockchain and Crypto, Bilal bin Saqib, who also serves as…
Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, jumped…
Last month, Boeing celebrated carrying its billionth passenger on the 787 Dreamliner – an impressive feat given it only launched 14 years ago. Until today’s tragic Air India crash in Ahmedabad, the model was a mainstay of intercontinental travel and had an exemplary safety record. This is a different plane from the Boeing 737 Max, which…
Israel’s strikes on Iran, and Iran’s response, caused a shudder on global financial markets on Friday. The price of oil surged in particular, up 7% by mid-afternoon on Friday. That has prompted worries that we could be facing another period of sharply higher energy prices, leading to a bout of higher prices for everything from…
