DIRS.INFO The most relevant business & tech news

☆ India election and economy: Meet the winners of rising power’s boom
▼ + stars: | 2024-05-10 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +14 min

Mumbai, India CNN —As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra Modi’s leadership. There is expected to be 740 million active smartphone users in India by 2030, according to EY India. “I wanted to make similar shoes that were printed with ‘Made in India,’” Shah says. After four years of trial and error, Shah Shoes was born. Some 17 years on, Shah Shoes has helped support his family back in Bihar, including six siblings.

Persons: Narendra Modi’s, — Modi, Javed Khatri, Noemi Cassanelli, he’d, Khatri, “, ”, –, ’, Apoorva Mukhija, —, Instagram, Mukhija, ” Mukhija, That’s, she’s, she’d, Jameel Shah, CNN Jameel Shah, Shah, wasn’t, CNN Shah, Kylie Minogue, ” Shah, ‘, ’ ” Shah, Shah Shoes, Priyanka Chopra, Katrina Kaif, He’s, Modi’s Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, EY, World Bank, Facebook Locations: Mumbai, India, “, Bangalore, Silicon, ”, EY India, Dubai, London, California, …, Delhi, Bihar, India’s, Dharavi, Australian

☆ Uttar Pradesh: Court ruling effectively outlaws Islamic schools in India’s most populous state
▼ + stars: | 2024-03-24 | by ( Rhea Mogul | ) edition.cnn.com time to read: +4 min

New Delhi CNN —A court in India’s most populous state has effectively banned Islamic schools by striking down on a law governing madrasas, weeks before a nationwide election that could further polarize the world’s largest democracy along religious lines. The Allahabad High Court in Uttar Pradesh on Friday declared the Madrasa Act of 2004 to be unconstitutional, according to a court order seen by CNN, while ordering the state government to move students enrolled in the Islamic system into mainstream schools. While the Allahabad High Court order cited India’s constitutional separation of religion and state in its reasoning for ruling against madrasas, it is Modi who has been frequently accused by critics of dismantling India’s secular traditions. Many Muslims and critics of the BJP have raised concerns that India’s secular fabric is also being eroded as anti-Muslim hate speech make frequent headlines and Muslim-owned properties face demolitions. In December 2020, the northeastern state of Assam passed a law to convert all Islamic schools to regular education institutions.

Persons: New Delhi CNN —, madrasas, ”, Narendra Modi’s, Iftikhar Ahmed Javed, Modi, Himanta Biswa Sarma, Debabrata Saikia Organizations: New, New Delhi CNN, CNN, Bharatiya Janata Party, BJP, Reuters, madrasas Locations: New Delhi, India’s, Allahabad, Court, Uttar Pradesh, India, country’s, Assam

☆ India Court Effectively Bans Madrasas in Big State Before Election
▼ + stars: | 2024-03-23 | by ( March | At A.M. | ) www.usnews.com time to read: +4 min

India holds a general election between April and June that Modi's Bharatiya Janata Party (BJP) is widely expected to win. The BJP's Tripathi responded that Muslim BJP leaders had no reason to fear because their community equally benefits from various government welfare programmes. Friday's order applies to all madrasas in the state, whether funded privately or by the government, Javed said. The court did not give a timeline for its order, but Javed said madrasas are unlikely to be closed right away. The northeastern state of Assam, also ruled by the BJP, has been converting hundreds of madrasas into conventional schools.

Persons: Saurabh Sharma, Krishna, Narendra Modi's, Iftikhar Ahmed Javed, Subhash Vidyarthi, Vivek Chaudhary, Anshuman Singh Rathore, Rathore, Modi, Ram, Babur, Rakesh Tripathi, madrasas, Sudhanshu Chauhan, Javed, Tripathi, Krishna N, William Mallard Organizations: Das NEW, Bharatiya Janata Party, BJP, Pradesh BJP, madrasas, Das Locations: Das NEW DELHI, India, Uttar Pradesh, Allahabad, Pradesh, Assam, New Delhi

ATLANTA (AP) — A bill to define antisemitism in Georgia law stalled in 2023 over how it should be worded. Political Cartoons View All 253 ImagesThe committee also advanced Senate Bill 359 on a split vote. The law would also make any two crimes subject to Georgia's hate crimes law eligible for prosecution under the state's expansive anti-racketeering statute. Arkansas passed such a law last year, and like in Georgia, a South Carolina measure passed one chamber in 2023. Others don’t oppose a law, but object to the measure defining antisemitism by referring to a definition adopted by the International Holocaust Remembrance Alliance.

Persons: ”, Esther Panitch, Marissa Pyle, Brian Kemp, Bill, Israel, Asim Javed, Javed, Elizabeth Baher, Macon's Temple Beth Israel, “, ” Baher, David Lubin, He's, Rose Lubin, Lubin, Hitler Organizations: ATLANTA, Israel, Hamas, Democratic, Rep, Georgians, Gov, Republican, International Holocaust, Alliance, Georgia Muslim Voter, Atlanta's Dunwoody High School Locations: Georgia, Sandy Springs, Israel, Arkansas, South Carolina, Indiana , Florida , Massachusetts , New Jersey, South Dakota, Macon's Temple, Atlanta, Jerusalem

☆ Electric Car Owners Confront a Harsh Foe: Cold Weather
▼ + stars: | 2024-01-17 | by ( Emily Schmall | Jenny Gross | ) www.nytimes.com time to read: 1 min

With Chicago temperatures sinking below zero, electric vehicle charging stations have become scenes of desperation: depleted batteries, confrontational drivers and lines stretching out onto the street. Mr. Spencer, 27, said he set out on Sunday for a charging station with 30 miles left on his battery. Within minutes, the battery was dead. “When I finally plugged it in, it wasn’t getting any charge,” he said. Recharging the battery, which usually takes Mr. Spencer an hour, took five hours.

Persons: ”, Javed Spencer, Uber, Bolt, Spencer Locations: Chicago

☆ India developers seek to cash in on soaring EV sales with residential chargers
▼ + stars: | 2023-11-06 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +3 min

[1/2] Electric Vehicle(EV) charging units are seen at a parking lot of Sobha city, a real estate property, in Gurugram, India, October 27, 2023. REUTERS/Anushree Fadnavis Acquire Licensing RightsNov 6 (Reuters) - More developers in India are putting electric vehicle chargers in parking slots of new developments, hoping to boost the value of the property and attract more buyers in a country where the charging infrastructure can't keep up with soaring EV sales. While EVs accounted for just 2.4% of India's vehicle sales in the first half of this year, EV sales grew 137% to 48,000 units during the same period, research firm Canalys says. The world's most populous nation is aiming to make EVs account for a third of total vehicle sales by 2030, but scarcity of public charging stations could derail these ambitions. Sobha has gone a step further and launched two residential projects in Bengaluru with EV charging facilities in all available parking slots.

Persons: Anushree, Canalys, Javed Shafiq Rao, Ravneet Phokela, Aby Jose Koilparambil, Dhanya Skariachan, Miyoung Kim Organizations: REUTERS, Alliance for Automotive Innovation, Prestige, EV, Mahindra Lifespace, Brigade, DLF, Ather Energy, Survey, Thomson Locations: Gurugram, India, United States, Bengaluru, Delhi, Uttar Pradesh

☆ Pakistan probes distributors of Roche cancer drug after patients go blind
▼ + stars: | 2023-09-25 | by ( Mubasher Bukhari | ) www.reuters.com time to read: +3 min

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsLAHORE, Pakistan, Sept 25 (Reuters) - Pakistan said on Monday it was investigating two local distributors of Swiss pharmaceutical company Roche's (ROG.S) Avastin cancer drug after 12 diabetic patients injected with the drug went blind. The Drug Regulatory Authority of Pakistan (DRAP) said the health authorities in Punjab, the most populous province, had launched the investigation into local use of the drug Avastin, which is licensed for use in Pakistan. On its website, Roche said Avastin was approved in more than 130 countries, including the United States, to treat several types of cancer. Cancer drug Avastin, when used at much lower doses, is similar to eye drug Lucentis and is used in many countries as a low-cost option to treat certain blindness-causing conditions. In its statement, Roche said: "Avastin is not approved for any use in the eye.

Persons: drugmaker Roche, Arnd, Javed Akram, Akram, Roche, Avastin, Alam, Mubasher Bukhari, Ariba Shahid, Ludwig Burger, Miral Fahmy, Alex Richardson Organizations: REUTERS, Rights, Drug Regulatory Authority of Pakistan, Reuters, U.S ., Thomson Locations: Basel, Switzerland, Rights LAHORE, Pakistan, Swiss, Punjab, United States, counterfeits, Avastin, Lahore, Karachi, Frankfurt

The video posted on the X platform, formerly known as Twitter, caught the attention of Jonathan Riley, a liberal activist in Durham, North Carolina, who posted Sunday that it showed “Missouri Republicans at a literal book burning," though he'd later walk that statement back to a “metaphorical” book burning. “It fit a narrative that they wanted to put out there,” Freedom Fest organizer Debbie McFarland said about claims that Eigel burned books. Experts who study political extremism said images involving fire or bonfires have long been associated with extremist groups. Eigel’s critics quickly posted online images involving the Ku Klux Klan and Nazi book burnings before World War II. Talking about book burning enough can plant the idea in people's minds so that ”people think it’s actually a righteous thing to do."

Persons: Louis, Sen, Bill Eigel, ” Eigel, Eigel, ”, Kurt Braddock, Jonathan Riley, he'd, Debbie McFarland, Mike Parson, State Jay Ashcroft, Mike Kehoe, Ashcroft, Gregg Keller, Eigel’s, “, Eric Greitens, Flamethowers, Donald Trump, Kristi Noem’s, Evan Perkoski, it's, ” “, Javed Ali, Braddock, ” Eigel's, Ali, he’s, ___ Hanna, ___, John Hanna Organizations: JEFFERSON CITY, Missouri, Associated Press, ”, American University, Republicans, Twitter, Missouri Republicans, Gov, State, AP, GOP, Ku, Navy, Senate, Name, torching, Ku Klux Klan, University of Connecticut, University of Michigan Locations: Mo, St, Missouri, Washington, Defiance , Missouri, Durham , North Carolina, Jefferson City, U.S, Arizona, Alabama, South Dakota, Topeka , Kansas

REUTERS/Rupam Jain/File PhotoGURUGRAM, India, Aug 10 (Reuters) - Over 3,000 poor Muslims have fled a business hub outside New Delhi this month, fearing for their lives after Hindu-Muslim clashes and sporadic attacks targeting them, residents, police and a community group said. The Gurugram president of Jamiat-Ulema-e-Hind (Council of Indian Muslim Theologians) Mufti Mohammed Salim estimated that more than 3,000 Muslims had left the district after the violence. "Many Muslims decided it's best to leave for a while," said Sheikh, adding that some Hindu owners of shops rented out to Muslims wanted them to vacate. "No one is asking them to leave and we are providing full security in all communally sensitive areas," he told Reuters. Reporting by Rupam Jain and Sakshi Dayal; Editing by YP Rajesh and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Rupam, Raufullah Javed, Mufti Mohammed Salim, Shahid Sheikh, it's, Narendra Modi's, Ernst &, Anil Vij, Rupam Jain, Sakshi Dayal, YP Rajesh, Angus MacSwan Organizations: REUTERS, Reuters, Bharatiya Janata Party, BJP, Police, Fortune, American Express, Dell, Samsung, Ernst, Ernst & Young, Deloitte, YP, Thomson Locations: Gurugram, New Delhi, India, Nuh, Haryana, Bihar, Tigra, India's, Gurgaon

☆ Imran Khan arrested after Pakistan court sentences ex-prime minister to three years in jail
▼ + stars: | 2023-08-05 | by ( Mubasher Bukhari Gibran Naiyyar Peshimam Charlotte Greenfield | Mubasher Bukhari | Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +5 min

[1/4] Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. Khan's political party, Pakistan Tehreek-e-Insaf (PTI), said in a statement it had already filed another appeal to the Supreme Court earlier on Saturday. Khan, 70, is a former cricket star who went on to forge a political career and who was prime minister from 2018 to 2022. Information Minister Marriyum Aurangzeb said in a broadcast statement that Khan's arrest followed a full investigation and proper legal proceedings in a trial court. Khan was convicted by the court in a case that was first investigated by the election commission, which found him guilty of unlawfully selling state gifts while prime minister.

Persons: Imran Khan, Akhtar Soomro, Shehbaz Sharif's, Intezar Panjotha, Bilal Siddique Kamiana, Khan, Marriyum Aurangzeb, Sharif, Shah Mehmood Qureshi, Khan's, Qamar Javed Bajwa, Asim Munir, Mubasher Bukhari, Gibran Naiyyar Peshimam, Charlotte, William Mallard, Simon Cameron, Moore, Frances Kerry, Giles Elgood Organizations: Pakistani, Reuters, REUTERS, Police, " Police, Central Adiala, wilfully, PTI, Thomson Locations: Lahore, Pakistan, LAHORE, Islamabad, Central, Rawalpindi, Toshakhana, Khan's, Karachi, Charlotte Greenfield

☆ Bitcoin’s chart shows a new cycle is taking hold and investors should make use of current sluggishness, says Canaccord Genuity
▼ + stars: | 2023-07-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

He told investors to "utilize pending near-term weakness to add exposure near important technical support at their 50-day moving averages." Investors should expect the first level of resistance at about $30,493 on the upside and the next at $31,476, he said. Should the bitcoin price turn lower, first support would be at $28,717, about the level of its 50-day moving average. "This confirms the long-term trend is now up, a strong technical positive, and is consistent with a four-year cycle taking hold in cryptocurrencies," Mirza wrote. Lately, investors have been drawing similarities between the cryptocurrency's recent behavior and its moves in the lead up to the last halving.

Persons: Canaccord, Bitcoin, Javed Mirza, Canaccord Genuity, Mirza, bitcoin, CNBC's Michael Bloom Locations: cryptocurrencies

Now, the man who had been tasked with reviving a nuclear deal to constrain that program has been sidelined. Progress on nuclear talks, as well as the fate of detained Americans in Iran, is likely to boost the incumbents in the polls, analysts have said. Malley was one of the architects of the 2015 nuclear deal reached with Iran under the Obama administration. The administration began negotiations to re-enter an Iran nuclear agreement later that year. “US policy is informed by the administration’s national security calculations, and not any one person in the national security apparatus,” Vaez said.

Persons: Biden, Rob Malley, Malley, Abram Paley, Paley, Jake Sullivan, sidelining, Obama, Donald Trump, Obama’s, Israel, Malley’s sidelining, Nasser Kanani, Javed Gurban Oghli, Israel ”, Gabriel Noronha, Trump, “, ” Noronha, ”, Ali Vaez, Vaez, ” Vaez, Foad Izadi, Ebrahim Raisi, Brett McGurk, McGurk, ” McGurk Organizations: CNN — United, CNN, State Department, Representative, US National, Crisis Group, ICG, Islamic, Iranian Foreign Ministry, Iranian, Jewish Institute for National Security of, Iran, US State Department, “, University of Tehran’s Faculty of World Studies, US National Security Council, Middle, National Security Council Locations: Iran, Tehran, Republic, Russia, Ukraine, Israel, Islamic Republic, Iranian, Middle East, Oman, Syria

It is not the end of our relationship with the IMF though, as the SBA is a short-term bridging operation. GARETH LEATHER, SENIOR ASIA ECONOMIST AT CAPITAL ECONOMICS, LONDON"The agreement of a loan deal between Pakistan and the IMF should put the economy back on a more secure footing and limit the biggest downside risks. There is a strong risk that Pakistan reneges on the deal once the immediate crisis has passed. Our target shall be that the next IMF programme should be the last one and it would be a great opportunity to correct our fiscal account once and for all." "Things would have been much better if successive governments would have invested in completing the IMF programme.

Persons: MURTAZA SYED, GARETH, Shehbaz Sharif, ABDUL ALEEM, SHERANI, SHAHBAZ ASHRAF, MAHA RAHMAN, ZAFAR MASUD, MUSTAFA PASHA, SHAHID HABIB, ARIF HABIB, ZULQARNAIN, MOHAMMED SOHAIL, AHFAZ MUSTAFA, ISMAIL IQBAL, SAJID AMIN JAVED, Ariba Shahid, Shilpa Jamkhandikar, Raju Gopalakrishnan Organizations: Monetary Fund, South, IMF, BANK OF PAKISTAN, SBA, State Bank, EFF, Capital, UL HAQ, OF PUNJAB, Pakistan, ARIF, Thomson Locations: Pakistan, ASIA, KARACHI, ISLAMABAD, LAHORE, PAKISTAN

☆ CNBC Daily Open: The A.I. rally is too narrow
▼ + stars: | 2023-05-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Everyone else, however, is a bystander reaping no benefits — and that could have implications for broader markets. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Everyone else, however, isn't so much a loser, but a bystander reaping no benefits — and that could have implications for broader markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.

Persons: Wood, We're, Andrew Smith, Javed Mirza, Ataman Ozyildirim, we've Organizations: NVIDIA, CNBC, . Semiconductor, Nvidia, Marvell, Broadcom, Big Tech, Apple, Microsoft, Delos Capital Advisors, Conference, The Conference Board Locations: Taipei, Dallas, Canada, U.S

☆ CNBC Daily Open: The A.I. rally's too narrow
▼ + stars: | 2023-05-31 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Persons: Jensen Huang, Wood, We're, Andrew Smith, Javed Mirza, Ataman Ozyildirim, we've Organizations: Nvidia, CNBC, . Semiconductor, Marvell, Broadcom, Big Tech, Apple, Microsoft, Delos Capital Advisors, Conference, The Conference Board Locations: Taipei, Dallas, Canada, U.S

☆ Chart analysts see market correction coming after temporary debt ceiling-deal euphoria
▼ + stars: | 2023-05-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

But market breadth, or the measure of how wide-reaching a rally is, has ebbed. CanaccordGenuity technical analyst Javed Mirza said in a note to clients on Monday that an "intermediate-term equity market correction looms" if market breadth does not improve. Over the past three months, the Nasdaq 100 has gained more than 18%, and the S & P 500 has advanced nearly 6%. Meanwhile, the Invesco S & P 500 Equal Weight ETF (RSP) has fallen more than 3%. According to Bespoke Investment Group, 90 stocks in the S & P 500 have hit 52-week highs this month.

☆ BAT names finance director Marroco as CEO as Bowles bows out
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

May 15 (Reuters) - British American Tobacco (BATS.L) appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years. Marroco has been with the tobacco firm since 1992 and was appointed to the board in 2019. "Having been at the centre of the formulation of this strategy, I am convinced that this is the right strategic path for BAT," Marroco said in a statement. Director Javed Iqbal will be interim finance director while the group looks for a permanent replacement for Marroco, the company said. Reporting by Yadarisa Shabong in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Imran Khan, the cricket star who ditched playboy image to rule Pakistan
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +5 min

[1/2] Pakistan security forces guard a vehicle carrying former Prime Minister Imran Khan after his arrest at a court in Islamabad, Pakistan, May 9, 2023. REUTERS/StringerMay 9 (Reuters) - Former Pakistan Prime Minister Imran Khan, a cricketing hero-turned-politician who was arrested on Tuesday, whipped up popular support amid decades-high inflation and a crippling economic slowdown before his ouster last year. Khan had for months averted arrest in a number of cases registered against him that include charges of instigating crowds to violence. His rise to power in 2018 came over two decades after he first launched his political party, the Pakistan Tehreek-i-Insaf (PTI), or Pakistan Movement for Justice party, in 1996. Once in power, Khan embarked on his plan of building a "welfare" state modelled on what he said was an ideal system dating back to the Islamic world some 14 centuries earlier.

☆ Bitcoin could rally 30% in the next month after sleepy start to May trading, says Canaccord Genuity chart analyst
▼ + stars: | 2023-05-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Crypto prices were a little sleepy to kick off the first week of May, but investors remain confident in its long-term up trend, and charts show there could be another short-term crypto rally underway, according to Canaccord Genuity. Bitcoin is on pace to end the week up less than 1%, according to Coin Metrics. Meanwhile, ether is looking to notch a 4% gain on the week, thanks in part to its meme-driven rally Friday . Bitcoin and ether ended April higher by 3.3% and 4.3%, respectively. However, there could be a two- to four-week rally underway in both bitcoin and ether , with upside potential of about 32% and 12% from current levels, respectively, Canaccord chart analyst Javed Mirza said in a note Thursday.

Organizations: ~$

☆ An economic crisis in Pakistan means many are going hungry during Ramadan
▼ + stars: | 2023-04-19 | by ( Sophia Saifi | ) edition.cnn.com time to read: +5 min

Javed IqbalIn Karachi, Pakistan’s financial center, 13 women and children died in March when hundreds of people caused a stampede in the rush for free food. Nine were killed in late March at separate government run flour distribution sites in the northwestern province of Khyber Pakhtunkhwa. The Human Rights Commission of Pakistan has expressed concern at what it called “mismanagement” that caused stampedes at wheat flour distribution centers set up by the government. Khan said a shortage of basic imports such as animal feed and other raw materials essential for food production contributed further to the food crisis and widespread hunger. Ramadan is a period of thanksgiving and shared meals, but the festivities have been overshadowed by the economic crisis.

☆ Exclusive: Pakistan's Imran Khan: committee to lead party if I'm arrested
▼ + stars: | 2023-03-18 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +3 min

[1/3] Former Pakistani Prime Minister Imran Khan, gestures as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. Prime Minister Shehbaz Sharif's government has denied being behind the cases. Khan said there is no reason he should be arrested now, because he had bail on all his cases. The police attempt to arrest Khan led to clashes in which dozens of people were injured. The former prime minister has generated popular support among Pakistanis amid decades-high inflation and a crippling economic slowdown as the country implements painful fiscal reforms to avert default.

☆ Coffee trumps economic crisis as Tim Hortons opens in Pakistan
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +2 min

LAHORE, Pakistan Feb 14 (Reuters) - Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet in the South Asian country this week just as its economic crisis took a turn for the worse. Tim Hortons is owned by Restaurant Brands International Inc (RBI) (QSR.TO), , a Toronto-based company that also owns other fast food brands including Burger King and Popeyes. McDonald's (MCD.N), Retail Food Group (RFG.AX)-owned Gloria Jean's Coffee and Yum Brands Inc (YUM.N)-owned Pizza Hut are among the international brands with outlets in Pakistan. Tim Hortons is set to open another two outlets in Lahore, RBI said in a statement. For students such as Pareeshay Khan, the brand's social media traction trumps the cost of the coffee.

☆ Chart analysts say the S&P 500 is hovering at a level that points to more downside
▼ + stars: | 2023-02-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The S & P 500 just suffered its worst week in nearly two months, stalling at a technical level that concerns many chart analysts. The loss put the S & P 500 below 4,100 at the end of last week, cutting 2023 gains to about 7%. .SPX YTD mountain S & P 500 "The SPX broke out above 4,100 in early February, but closed below it last week. He cautioned that if the S & P 500 breaks below 4,100, there could be more downside. The S & P 500 rose 0.8% on Monday, taking the benchmark above the 4,100 level.

☆ Pakistan's former President Musharraf buried in Karachi
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

[1/4] Army vehicles escort ambulances, carrying the body of Pakistan's former President Pervez Musharraf during his funeral in Karachi, Pakistan February 7, 2023. REUTERS/Akhtar SoomroKARACHI, Feb 7 (Reuters) - Pakistani former President Pervez Musharraf, a key U.S. ally in the campaign against al Qaeda following the Sept. 11, 2001, attacks on the United States, was buried in his hometown of Karachi on Tuesday. He was buried at the Army Graveyard in Karachi. This decision contradicted Pakistan's long-standing support for the Taliban, who still controlled Afghanistan until their ouster in late 2001, and made Musharraf a target for domestic militant groups. Prime Minister Sharif, the president and the army chief did not attend.

Faced with a shortage of US dollars, Pakistan only has enough foreign currency in its reserves to pay for three weeks of imports. Long lines are forming at gas stations as prices swing wildly in the country of 220 million. Pakistan’s currency, the rupee, recently dropped to new lows against the US dollar after authorities eased currency controls to meet one of the IMF’s lending conditions. The country has been spending more on trade than it has brought in, running down its stock of foreign currency and weighing on the rupee’s value. Pakistan's usually bustling ports, like this one in Karachi, have ground to a halt as the country grapples with a severe shortage of foreign currency.

Search resuls for: "Javed"

25 mentions found