DIRS.INFO The most relevant business & tech news

☆ Analysis: At this general election in Pakistan, old dynasties vie for power and populist Imran Khan languishes in prison
▼ + stars: | 2024-02-07 | by ( Sophia Saifi | Rhea Mogul | ) edition.cnn.com time to read: +13 min

That sets the stage for a difficult road to recovery for whoever wins in a nation where no democratically elected prime minister has ever completed a full term in office. Pakistan's former Prime Minister Imran Khan attends a lawyers' convention in Lahore on September 21, 2022. Veteran Sharif will face a strong challenge, however, from first-time candidate for Prime Minister, Bilawal Bhutto Zardari, 35, son of slain former leader Benazir Bhutto. Manahil Ahmed, 23, called Pakistan’s political environment “particularly hostile” right now. For Pakistan’s military and police forces, the last year was the bloodiest in a decade.

Persons: Imran Khan, –, Arif Ali, Nawaz Sharif, Sharif, Bilawal Bhutto Zardari, Benazir Bhutto, Khan –, Khan, Fareed Khan, ”, Rabiya Arooj, Khan’s, Bushra Bibi, Imran Khan's, Asad Zaidi, Pakistan’s, Farzana Shaikh, “, ’, Murtaza Solang, Maryam Nawaz Sharif, Mohsin Raza, he’s, Raja Ikram, Ameer Hamza, Manahil Ahmed, Shaikh, Hussain Nadim, Maurice R, Greenberg, ‘, Aamir Qureshi, Shoaib Tanveer, Baou Nadeem, ” Shaikh, Farooq Naeem, “ Sharif, He’s, Tim Willasey Organizations: Pakistan CNN —, Getty, PTI, World Bank, Pakistan, Bloomberg, The Royal Institute of International Affairs, CNN, for Research, Security Studies, Pakistan’s People’s Party, Pakistan Muslim League, Baloch Liberation Army, Yale University, Pakistan Army –, Workers, King’s College London Locations: Islamabad, Pakistan, Pakistan CNN — Pakistan, Lahore, AFP, Karachi, “, Rawalpindi, Asia, Hafizabad, Khan’s, Khyber Pakhtunkhwa, India, Afghanistan, Iran, State Khorasan, restive Balochistan, Balochistan, Punjab, Sharif, States, China, British

☆ Paris Jackson and Doja Cat just redefined what it means to get inked
▼ + stars: | 2024-02-05 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

While Jackson’s transformation was a savvy collaboration with makeup brand CoverFx, temporary tattoo camouflage has snowballed as an essential celebrity makeup technique. While shooting the Disney+ series “The Bear,” Jeremy Allen White required extensive tattoo coverage (and temporary tattoo re-application) that would withstand filming for hours in a hot kitchen. Paris Jackson was a blank canvas on the red carpet after her makeup artists spent two hours camouflaging her 80 tattoos, shown on the right. Elsewhere on the red carpet, while Rey and Jackson were disguising their ink, Doja Cat (who scooped three awards this season) went face-first into the world of — albeit temporary — tattoos. Doja Cat was covered in temporary tattoos at the Grammy awards on Sunday in Los Angeles.

Persons: Paris Jackson, —, Celine, ” Jeremy Allen White, ” Harry Styles, Styles, “, ’ ”, Amber Rose, sequinned Naeem Khan, Lana del Rey, Vivienne Westwood, Jackson, Dilara Findikoglu, Jordan Strauss, it’s Organizations: CNN, Disney, Teen Vogue Locations: South Korea, Rey, Los Angeles

NEW YORK (AP) — Television's finest brought the silver carpet alive in color, vying with a sea of black, on Monday at the strike-delayed 75th Emmy Awards, including a 3D-molded black look for Ayo Edebiri and sparkly chartreuse for Rhea Seehorn. Edebiri of “The Bear” walked in a strapless custom gown from Louis Vuitton. Quinta Brunson, another fashion standout, wore dainty pink with a little belted accent from Dior couture. Ali Wong wore Louis Vuitton with a silver top and floral patterned blue bottom. Colman Domingo wore custom Louis Vuitton in black, two pearl bracelets on one wrist and a broach on one lapel.

Persons: —, Ayo, chartreuse, Rhea Seehorn, ”, Louis Vuitton, “ We're, Riley Keough, Saul ”, sequins, Naeem Khan, she's, Dominique Fishback, Joy Sunday, Tom Colicchio, Fernández, Janelle James of “ Abbott, It's, ” James, Fred Leighton, Sarah Snook, Vivienne Westwood, Suki Waterhouse, Issa Rae’s, Pamella Roland, “, Hannah Waddingham, Quinta Brunson, Betty Boop, Ali Wong, Colman Domingo, Jenny Ortega, Dior, Selena Gomez, Oscar de la, Jean Schlumberger, Tiffany “, Jennifer Coolidge, Anthony Organizations: Associated Press Locations: Etro

KARACHI, Pakistan (AP) — From Berlin to London and Limassol to Karachi, thousands of people took to the streets Sunday to mark the 100th day of Israel’s war with Hamas. Opposing demonstrations either demanded the release of Israeli hostages held by Hamas or called for a cease-fire in Gaza. In the southern Pakistani city of Karachi, tens of thousands waved Palestinian flags or wore the keffiyeh, the traditional Palestinian scarf, to express their solidarity with Palestinians in a rally organized by the country’s largest religious political party, Jamaat-e-Islami. The party’s Karachi chief, Hafiz Naeem Ur Rehman, called on the U.S. to stop backing Israel and compensate Palestinians for their losses. Protesters in London held posters with photos and the words “100 days in hell” to express their solidarity with Israel.

Persons: Hafiz Naeem Ur Rehman, Israel, ” Rehman, Ishrat Zahid, ”, Ayelet Svatitzky, “, ’ ’, Nadav Popplewell, Channah Peri, Peri, Roi Popplewell, Akrotiri, Osman Delibas, Delibas, Pope Francis, ____, Hadjicostis, Christophe Ena, Andrew Wilks, Frances D'Emilio Organizations: Hamas, Islami, Organization of Islamic Cooperation, Protesters, Israel, Palestine, ” Protesters, RAF, British, British Ministry of Defense, Turkey’s Humanitarian Relief Foundation, . Foundation, Anadolu, Associated, Associated Press Locations: KARACHI, Pakistan, Berlin, London, Limassol, Karachi, Gaza, Pakistani, Israel, Dublin, Edinburgh, Paris, ”, Cyprus, British, Yemen, Britain, Egypt, Turkey, Istanbul, Iraq, Kurdish, St, Ukraine, Palestine, Rome

[1/3] Former Pakistani Prime Minister Imran Khan pauses as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. It has been conducting the trial in prison since Khan was indicted on the charges last month. The Islamabad High Court had ruled last week that holding Khan's trial inside jail premises on security concerns was illegal, and ordered it restarted in an open court. The 71-year-old former cricket star has been embroiled in a tangle of political and legal battles since he was ousted as prime minister. The election is shaping as a fight between Khan's party and that of another ousted former prime minister, Nawaz Sharif.

Persons: Imran Khan, Akhtar Soomro, Khan, Naeem Panjutha, Nawaz Sharif, Asif Shahzad, Kim Coghill, Raju Gopalakrishnan Organizations: Pakistani, Reuters, REUTERS, Court, Twitter, Thomson Locations: Lahore, Pakistan, ISLAMABAD, Islamabad, United States

Security officers escort Pakistan's former Prime Minister Imran Khan, as he appeared in Islamabad High Court, Islamabad, Pakistan May 12, 2023. The former cricket star has been embroiled in a tangle of political and legal battles since he was ousted as prime minister in a vote on no-confidence in 2022, which he denounced as unfair. "The court has ordered that Imran Khan be produced on Nov. 28," Khan's lawyer, Naeem Panjutha, said in a post on the social media platform X, formerly known as Twitter. A spokesperson for the law ministry, which will decide if Khan is to appear, did not immediately respond to a request for comment. The 71-year-old was jailed on Aug. 5 for three years for unlawfully selling state gifts during his tenure as prime minister from 2018 to 2022.

Persons: Imran Khan, Akhtar Soomro, Naeem Panjutha, Khan, Nawaz Sharif, Asif Shahzad, Kim Coghill, Robert Birsel Organizations: REUTERS, Rights, Court, Thomson Locations: Islamabad, Court, Pakistan, Rights ISLAMABAD

Pakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. REUTERS/Mohsin Raza/File Photo Acquire Licensing RightsISLAMABAD, Nov 22 (Reuters) - Pakistan's Supreme Court accepted on Wednesday a bail application from detained former Prime Minister Imran Khan, his lawyer said, a day after another court declared illegal his trial on charges of leaking state secrets. The 71-year-old was jailed on Aug. 5 for three years jail for unlawfully selling state gifts during his tenure as prime minister from 2018 to 2022. His lawyer said the Supreme Court had accepted the bid for bail. No date had been set for the hearing, he said, adding that the Supreme Court would seek input from the government on the application.

Persons: Imran Khan, Mohsin Raza, Naeem Panjutha, Khan, Nawaz Sharif, Sharif, Asif Shahzad, Robert Birsel Organizations: REUTERS, Rights, Twitter, Court, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Islamabad, United States

Former Pakistani Prime Minister Imran Khan speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro Acquire Licensing RightsISLAMABAD, Nov 21 (Reuters) - A Pakistani court on Tuesday declared the trial in jail of former Prime Minister Imran Khan on charges of leaking state secrets illegal, his lawyer said. "Islamabad High Court has declared illegal the notification for jail trial," said Naeem Panjutha, the lawyer, in a post on social media platform X. An order declared all proceedings of the trial conducted since Aug. 29 as void. "The proceedings and the trial conducted in jail premises in a manner that cannot be termed as an open trial stand vitiated," said the court order.

Persons: Imran Khan, Akhtar Soomro, Khan, Naeem Panjutha, Nawaz Sharif, Asif Shahzad, Ed Osmond, Nick Macfie Organizations: Pakistani, Reuters, REUTERS, Rights, Court, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Islamabad, United States

Gaza CNN —Three-year-old Joudi hasn’t uttered a word in 16 days, her father says. Her father told CNN she hasn't spoken in weeks, because she is still in shock. Abed Khaled/APEyewitnesses told CNN that Deir al-Balah was struck on Friday evening, alongside other locations in central Gaza. We were safe and suddenly everything changed and came crashing,” Hala told CNN at the Deir al-Balah refugee camp. Still in shock, Joudi is refusing to eat or drink, her father told CNN.

Persons: hasn’t, Hala Bin Naeem, Khan Younis, Daniel Hagari, “, Hala, Abed Khaled, Deir, Balah, ” Hala, ”, Thomas White, Crescent, Ashraf Amra, ” Elad Goren, Ibrahim Dahman, ” Dahman, Dahman, ” Hagari, Medhat Abbas, Joudi Organizations: Gaza CNN, Shifa, Israel Defense Forces, Hamas, of Health, Palestinian Ministry of Health, IDF, CNN, United Nations, UNRWA, UNRWA Affairs, Palestinian, Aqsa Martyrs Hospital, Anadolu Agency, Getty, UN, Civil Affairs Department, COGAT, Hospital Locations: Gaza, Gaza City, Al Karama, Israel, Ramallah, Hala, Beit Hanoun, Rafah, Wadi Gaza, Palestinian, al, Deir al, Egypt, Aqsa, U.S, Territories, WhatsApp

☆ Pakistan Court Declines Bail to Imran Khan in State Secret Case
▼ + stars: | 2023-10-27 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Asif ShahzadISLAMABAD (Reuters) - A Pakistani court declined bail on Friday to detained former Prime Minister Imran Khan in a case in which he has been indicted on charges of leaking state secrets, his lawyer said. The charge is related to a classified cable sent to Islamabad by Pakistan's ambassador in the United States last year, which Khan is accused of making public. Former cricket star Khan denies that and said the contents of the cable appeared in the media from other sources. Lawyer Naeem Panjutha said the Islamabad High Court declined Khan's application for bail and for the case to be dismissed. Both the United States and the Pakistani military denied that.

Persons: Asif Shahzad, Imran Khan, Khan, Lawyer Naeem Panjutha, Robert Birsel Organizations: Twitter Locations: Asif Shahzad ISLAMABAD, Islamabad, United States, Pakistan, U.S, Moscow, Ukraine

☆ One Block. 8 Food Carts. One Choice: Fuchka.
▼ + stars: | 2023-10-26 | by ( Andrew Keh | More About Andrew Keh | ) www.nytimes.com time to read: +1 min

Naeem Khandaker believes he can see the future, and the future he sees is fuchka. Today, no fewer than eight fuchka carts, with near-identical menus and similar design aesthetics, operate within a one-block radius of his original spot. But commercial copycatting in the city rarely comes with the physical proximity, personal familiarity and cheeky gamesmanship of the fuchka free-for-all deliciously erupting in Jackson Heights. “The first fuchka cart in USA,” trumpets the sign on Tong, Mr. Khandaker’s business, on the northeast corner of 73rd Street and 37th Avenue. “We are real,” proposes Fuchka Garden, a couple more steps east, elevating the debate onto the astral plane.

Persons: Naeem Khandaker, Khandaker, Tong, ” Locations: America, Queens ., New York, Jackson Heights, USA

☆ Social Security, Medicare, and other key programs Americans rely on could become 'vulnerable' depending on an upcoming Supreme Court ruling, a former federal official says
▼ + stars: | 2023-10-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court is hearing oral arguments in a case challenging the CFPB's funding structure. A former FDIC official said an adverse ruling could risk Social Security and Medicare. Any agency that doesn't rely on annual funding from Congress would be jeopardized, she said. AdvertisementAdvertisementStill, advocates and lawmakers have stressed the importance of preserving the CFPB's funding structure to protect consumers from the potential fallout. A bad decision in the Supreme Court could wreck the financial security of millions of families and turn our economy upside down."

Persons: —, Sheila Bair —, Federal Deposit Insurance Corporation —, Bair, Dodd, Frank Wall, Shahid Naeem, Massachusetts Sen, Elizabeth Warren, Warren Organizations: FDIC, Security, Service, Financial, Community Financial Services Association of America Ltd, Federal Reserve, Fifth Circuit, Federal Deposit Insurance Corporation, Social Security, Frank Wall Street Reform, Consumer Protection, American Economic Liberties Project, Congress Locations: Massachusetts

Brent crude settled down 1 cent to $90.64 a barrel while U.S. West Texas Intermediate crude settled down 22 cents to $87.29. "Much of this reduced supply has simply served to offset a major slowdown in global oil demand," said Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois. Meanwhile, Europe is expecting a light refinery maintenance season this autumn as refiners look to profit from high margins, which could support crude demand. The IEA last month lowered its 2024 forecast for oil demand growth to 1 million bpd, citing lacklustre macroeconomic conditions. OPEC's August report, meanwhile, kept its 2.25 million bpd demand growth forecast unchanged.

Persons: Brent, Wally Adeyemo, Jim Ritterbusch, Ras Lanuf, Wood Mackenzie, Naeem Aslam, OPEC's, Robert Harvey, Natalie Grover, Florence Tan, Emily Chow, Emelia Sithole, Andrea Ricci, Chizu Organizations: cnsphoto, REUTERS, West Texas, Monday U.S, Ritterbusch, Associates, U.S, Zaye, European Central Bank, International Energy Agency, Organization of, Petroleum, IEA, Thomson Locations: Zhoushan, Zhejiang province, China, Saudi, Saudi Arabia, Russia, United States, Galena , Illinois, U.S, Libya, Zueitina, Brega, Es Sidra, Europe

An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cnsphoto via REUTERS/File Photo Acquire Licensing RightsLONDON, Sept 11 (Reuters) - Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. The IEA last month lowered its 2024 forecast for oil demand growth to 1 million bpd, citing lacklustre macroeconomic conditions. OPEC's August report, meanwhile, kept its 2.25 million bpd demand growth forecast unchanged. Among economic factors in the spotlight, the European Central Bank (ECB) is due to announce its monthly interest rate decision this week. Reporting by Robert Harvey, Natalie Grover, Florence Tan and Emily Chow Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Persons: Brent, OPEC's, Naeem Aslam, Robert Harvey, Natalie Grover, Florence Tan, Emily Chow, David Goodman Organizations: cnsphoto, REUTERS, Saudi, U.S, West Texas, International Energy Agency, Organization of, Petroleum, IEA, European Central Bank, European Commission, Zaye, Thomson Locations: Zhoushan, Zhejiang province, China, Saudi Arabia, Russia, United States

☆ Student-loan borrowers' biggest defender in the government is in jeopardy
▼ + stars: | 2023-09-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +9 min

The ruling could have significant implications for student-loan borrowers — and consumers nationwide. As federal borrowers have been gearing up for the return to loan repayment in October, the agency cracked down on companies that it accused of illegally charging borrowers for normally free debt-relief services. The Supreme Court is hearing oral arguments on the case on October 3. The CFPB's enforcement actions against this type of illegal conduct are important to protecting borrowers' financial security and obtaining their money back." Now consumers will have to wait and see how the Supreme Court views a top federal consumer watchdog's constitutionality.

Persons: Sen, Elizabeth Warren of Massachusetts, Shahid Naeem, Naeem, Dodd, Frank Wall, Bill Clark, Devin Watkins, they're, beholden Organizations: Service, Supreme, Financial, Community Financial Services Association of America Ltd, Consumer Financial, Federal Reserve, Fifth Circuit, Trump, Fifth, Financial Services Association of America, American Economic Liberties, Congress, Frank Wall Street Reform, Consumer, Federal Deposit Insurance Corp, Inc, Getty, Competitive Enterprise Institute, American Association of, Social Security Locations: Wall, Silicon, Washington , DC

REUTERS/Nick Oxford/File Photo Acquire Licensing RightsLONDON, Sept 8 (Reuters) - Oil prices hovered above $90 a barrel on Friday, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty. Both oil benchmarks hit 10-month highs this week after Riyadh and Moscow extended their voluntary supply cuts of a combined 1.3 million barrels per day (bpd) to the end of the year. Brent crude futures were up 57 cents to $90.49 a barrel by 1112 GMT while U.S. West Texas Intermediate crude (WTI) futures were up 47 cents to $87.34 a barrel. On the demand side, a key concern is China, the world's largest oil importer. Demand for crude could also benefit from workers going on strike at projects in Australia which produce about 5% of the world's supply of liquefied natural gas (LNG).

Persons: Nick Oxford, Naeem Aslam, Brent, John Evans, Natalie Grover, Robert Harvey, Yuka Obayashi, Muyu Xu, Ros Russell, Jason Neely Organizations: Midland , Texas U.S, REUTERS, Traders, Zaye, Markets, Brent, West Texas, PVM, Thomson Locations: Midland , Texas, Riyadh, Moscow, Saudi Arabia, China, Australia, United States, Europe

☆ A key global oil price zoomed past $90 a barrel for the first time in 2023 — and analysts say it could keep inflation high
▼ + stars: | 2023-09-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Saudi Arabia and Russia said they will extend oil supply cuts of 1.3 million barrels a day through December 2023. Analysts think inflation could stay at higher levels for longer due to the higher oil prices. US West Texas Intermediate, or WTI, crude oil futures also hit a 10-month high. Higher oil prices are bad news for the world's central banks, which have been trying to tame high inflation since last year. Energy is a key input for economic activities, so higher oil prices generally lead to inflation.

Persons: Brent, Jorge Leon, Leon, Naeem Aslam, Aslam Organizations: Service, West Texas, Organization of, Petroleum, Rystad Energy, Energy, Zaye, International Energy Agency, IEA Locations: Saudi Arabia, Russia, Wall, Silicon, OPEC

Former Pakistani Prime Minister Imran Khan, gestures as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsISLAMABAD, Aug 30 (Reuters) - A Pakistani court on Wednesday extended the jail custody of former prime minister Imran Khan for 14 days to investigate him on charges of leaking state secrets, his lawyer said. A court suspended that sentence on Tuesday and said Khan could be released on bail, but he was barred from leaving as he was still under remand in the official secrets case. His top aide, former Foreign Minister Shah Mahmood Qureshi, has already been arrested and questioned in the case. Reporting by Asif Shahzad; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Imran Khan, Akhtar Soomro, Naeem Panjutha, Khan, Khan's, Shah Mahmood Qureshi, Asif Shahzad, Simon Cameron, Moore Organizations: Pakistani, Reuters, REUTERS, Rights, Federal Investigation Agency, FIA, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Attock, United States, Russia, Ukraine, Washington

"We feel that the applicant is entitled to the suspension of sentence and be released on bail," it said. Khan's lawyer Naeem Panjutha also announced the suspension on social media, saying "God be praised." Nor will the suspension of the corruption sentence undo the ban on Khan's contesting elections as long as the conviction remains. STATE SECRETSPakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. The possible overturning of Khan's graft conviction is pending a detailed hearing in the court, according to a lawyer Abdul Moiz Jaferii.

Persons: Khan, Imran, Khan's, Naeem Panjutha, Imran Khan, Mohsin Raza, Shah Mahmood Qureshi, Abdul Moiz Jaferii, Jaferii, abetment, Zulfikar Bukhari, Asif Shahzad, Gibran Peshimam, Ariba Shahid, Simon Cameron, Moore, Alex Richardson, Angus MacSwan Organizations: ISLAMABAD, Reuters, REUTERS, Federal Investigation Agency, FIA, Thomson Locations: Pakistan, Lahore, United States, Russia, Ukraine, Washington, Islamabad, Karachi

Former Pakistani Prime Minister Imran Khan pauses as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro/File Photo Acquire Licensing RightsISLAMABAD, Aug 28 (Reuters) - A Pakistani court dismissed murder abetment charges against former Prime Minister Imran Khan on Monday, his lawyer said, providing some relief for the cricket hero turned politician who was jailed on corruption charges earlier this month. Khan had been charged in June with abetting the murder of Supreme Court lawyer Abdul Razzaq, who was killed in a drive-by shooting in the southwestern city of Quetta in the same month. Razzaq's son had accused Khan of being behind his father's murder. The political turmoil has caught Pakistan while the country has been struggling through one of its worst economic crises.

Persons: Imran Khan, Akhtar Soomro, Khan, Abdul Razzaq, Razzaq's, Naeem Panjutha, wasn't, Razzaq, Asif Shahzad, Simon Cameron, Moore Organizations: Pakistani, Reuters, REUTERS, Rights, Twitter, Thomson Locations: Lahore, Pakistan, Rights ISLAMABAD, Quetta, Islamabad

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. Weekly products supplied, a proxy for demand, rose to the highest since December. Higher interest rates increase borrowing costs, which could slow economic growth and reduce oil demand. On a bullish note, China made a rare draw on crude oil inventories in July, the first time in 33 months it has dipped into storage. Data released on Wednesday showed that U.S. crude oil inventories fell by nearly 6 million barrels last week on strong exports and refining run rates.

Persons: Dennis Kissler, Naeem Aslam, OANDA's Moya, Arathy Somasekhar, Natalie Grover, Katya Golubkova, David Goodman, Christina Fincher, David Gregorio Our Organizations: REUTERS, Rights, Brent, . West Texas, BOK Financial, Travel, Energy, Zaye, Markets, Thomson Locations: Zhoushan, Zhejiang province, China, Independence, U.S, China's, Houston, London, Singapore

☆ Oil edges up as China seeks to calm economic fears
▼ + stars: | 2023-08-17 | by ( Natalie Grover | ) www.reuters.com time to read: +2 min

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/file photo Acquire Licensing RightsLONDON, Aug 17 (Reuters) - Oil prices crept up on Thursday after China's central bank sought to stem the rising tide of pessimism over the country's property market and wider economy. Higher interest rates increase borrowing costs for businesses and consumers, which could slow economic growth and reduce oil demand. On a more bullish note, China made a rare draw on crude oil inventories in July, the first time in 33 months that it had dipped into storage. Data released on Wednesday showed that U.S. crude oil inventories fell by nearly 6 million barrels last week on strong exports and refining run rates.

Persons: Naeem Aslam, Edward Moya, John Evans, OANDA's Moya, Natalie Grover, Katya Golubkova, David Goodman Organizations: REUTERS, Brent, . West Texas, Zaye, U.S, U.S . Federal, Thomson Locations: Zhoushan, Zhejiang province, China, U.S .

☆ Oil hits new highs as tighter supply offsets China demand concern
▼ + stars: | 2023-08-09 | by ( Alex Lawler | ) www.reuters.com time to read: +2 min

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. Brent crude was 54 cents, or 0.6%, higher at $86.71 by 1110 GMT having touched $87.09, the highest since April 13. Crude posted its sixth consecutive weekly gain last week helped by a reduction in OPEC+ supplies and hopes of stimulus boosting oil demand recovery in China. "There is no doubt that there is plenty of momentum here," said Naeem Aslam, chief investment officer at Avatrade. On Tuesday, oil also came under pressure from Chinese data showing crude oil imports in July fell 18.8% from the previous month to their lowest daily rate since January, although they were up 17% from a year earlier.

Persons: Brent, Charalampos Pissouros, Naeem Aslam, Yuka Obayashi, Andrew Hayley, Bernadette Baum, Kirsten Donovan Organizations: Saudi, XM, . West Texas, Organization of, Petroleum, American Petroleum Institute, Official U.S . Energy, Thomson Locations: Zhoushan, Zhejiang province, China, Saudi, Russian, Saudi Arabia, Russia, U.S, OPEC, Tokyo, Beijing

[1/3] Pakistan's former Prime Minister Imran Khan, gestures as he speaks to the members of the media at his residence in Lahore, Pakistan May 18, 2023. REUTERS/Mohsin Raza//File PhotoISLAMABAD, Aug 9 (Reuters) - A Pakistani high court on Wednesday turned down an appeal by jailed former prime minister Imran Khan that his conviction on corruption charges be suspended, his lawyer said, suggesting it was unlikely he would be released on bail anytime soon. The case was adjourned for an indefinite time, Panjutha said, adding; "Our request to suspend the conviction wasn't accepted." Khan, who has denied any wrongdoing, was arrested at his Lahore house and is currently in a prison near Islamabad. Reporting by Asif Shahzad, Editing by Raju Gopalakrishnan, Nick Macfie and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Imran Khan, Mohsin Raza, Khan, Naeem Panjutha, Panjutha, wasn't, Asif Shahzad, Raju Gopalakrishnan, Nick Macfie, Bernadette Baum Organizations: REUTERS, Thomson Locations: Lahore, Pakistan, ISLAMABAD, Rawalpindi, Islamabad

Former Pakistani Prime Minister Imran Khan pauses as he speaks with Reuters during an interview, in Lahore, Pakistan March 17, 2023. REUTERS/Akhtar Soomro/File PhotoISLAMABAD, Aug 8 (Reuters) - Pakistan's former prime minister Imran Khan challenged his conviction on graft charges in a high court on Tuesday, his lawyer said. Naeem Panjutha said the petition to challenge the weekend conviction had been filed in the Islamabad High court. Khan has been jailed for three years on charges of selling state gifts unlawfully during his tenure as premier from 2018 to 2022. The former premier has been detained at a distant prison which according to his lawyers lacks facilities entitled to political prisoners.

Persons: Imran Khan, Akhtar Soomro, Naeem Panjutha, Khan, Khan's, Asif Shahzad, Kim Coghill Organizations: Pakistani, Reuters, REUTERS, Police, Thomson Locations: Lahore, Pakistan, ISLAMABAD, Islamabad, Attock district

Search resuls for: "Naeem"

25 mentions found