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For Kevin Teng, CEO of Wrise Wealth Management Singapore, which serves ultra-high-net-worth individuals across Asia, the Middle East and Europe, three top stocks stand out as good plays right now. Of 52 analysts covering the stock, 48 give it a buy or overweight rating at an average price of $460.37, according to FactSet data. Barrick Gold Beyond tech and energy, Teng is also bullish on gold, naming Canadian miner Barrick Gold among his top picks. Spot gold prices are up around 7.5% over the last 12 months. Shares in Barrick Gold are down over 15% over the last 12 months.
Persons: Kevin Teng, Teng, Morgan Stanley, — CNBC's Jordan Novet, Fred Imbert Organizations: Big Tech, U.S . Federal, Wrise Wealth Management Singapore, Microsoft, Google, Apple, Nvidia, Tesla, CRM, CNBC Pro, ExxonMobil, Natural Resources, Exxon, Barrick, Barrick Gold Locations: Asia, East, Europe, West Texas, New Mexico, Guyana, Zambia, Pakistan
New York CNN —McDonald’s said growing tensions in the Middle East have hurt its business. The Middle East doesn’t make up a huge part of its overall business. McDonald’s noted that it provided an insignificant amount of financial assistance for franchisees impacted by the war in the Middle East. That was far worse than the more-than 4% growth in the United States and other international businesses. Many McDonald’s operators in the region quickly distanced themselves from the Israeli operator’s actions.
Persons: New York CNN — McDonald’s, McDonald’s, McDonald’s Israel, Chris Kempczinski, Organizations: New, New York CNN, East, Hamas, Starbucks Locations: New York, East, United States, Israel, Kuwait, Pakistan
The highway is the most politically charged slice of a politically turbulent country. It winds 180 miles from Pakistan’s capital, Islamabad, through the fertile plains of Punjab Province to Lahore, the nation’s cultural and political heart. For centuries, it was known only as a sliver of the Grand Trunk Road, Asia’s longest and oldest thoroughfare, linking traders in Central Asia to the Indian subcontinent. As Pakistan heads into national elections on Thursday, the road is buzzing. Politics dominates the chatter between its vendors and rickshaw drivers, their conversations seeped in a culture of conspiracy, cults of political personality and the problems of entrenched military control.
Locations: Pakistan’s, Islamabad, Punjab Province, Lahore, Central Asia, Pakistan
Tucked away on a patch of dying grass on the outskirts of Islamabad, the gathering hardly looked like a political rally at the height of an election season. There were no posters to promote a campaign, no microphones to deliver speeches, no sound system to amp up the crowd. Even the candidate, Aamir Mughal, was missing: He had gone into hiding months earlier, at the first signs of a military-led crackdown on his political party, Pakistan Tehreek-e-Insaf, or P.T.I. The authorities had already raided his home, arrested two of his sons and lodged a case against him in connection with anti-military protests. in the first national election since the party’s leader, former Prime Minister Imran Khan, ran afoul of the generals and was ousted by Parliament in 2022.
Persons: Aamir Mughal, ” Mr, Mughal, , Imran Khan Organizations: Locations: Islamabad, Pakistan
NEW DELHI (Reuters) - At least 10 police personnel were killed and six more injured in a militant attack on a police station in northwest Pakistan on Monday, police said. The South Asian nation has seen an escalation in incidents of violence in the last few days as it approaches its national elections later this week. (Reporting by Saud Mehsud in Dera Ismail Khan, Pakistan; writing by Sakshi Dayal; editing by Sudipto Ganguly)
Persons: Saud Mehsud, Dera Ismail, Sakshi Dayal, Sudipto Ganguly Locations: DELHI, Pakistan, Dera Ismail Khan
Became the World’s Biggest Gas SupplierTop exporters of liquefied natural gas 12 billion cubic feet per day U.S. Qatar 10 Australia 8 6 Russia 4 Malaysia 2 2014 2023 12 billion cubic feet per day United States Qatar Australia 10 8 6 Russia 4 Malaysia 2 2014 2023 Source: S&P Global Note: Data reflects annual average liquefied natural gas exports by country. But climate activists worry that soaring exports of liquefied natural gas could make global warming worse. In the early 2000s, natural gas was relatively scarce at home, and companies were spending billions of dollars to build terminals to import gas from places like Qatar and Australia. In the mid-2000s, U.S. drillers perfected methods to unlock vast reserves of cheap natural gas from shale rock. The process of making and shipping liquefied natural gas adds complexity and cost, but if the difference between U.S. natural gas prices and overseas prices is big enough, it is profitable.
Persons: Biden, Fracking, , Kenneth Medlock, , Ben Cahill Organizations: U.S, drillers, Cheniere Energy, Center for Energy Studies, Rice University, , Asia, Department of Energy, Energy Department, . Energy, Energy Information Administration, Clearview Energy Partners, Center for Strategic, International Studies Locations: U.S, Qatar, Australia, Russia, Malaysia, United States Qatar Australia, United States, Japan, Europe, Asia, Ukraine, China, India, Pakistan, Bangladesh, Vietnam, Texas , Louisiana, Maryland, Georgia, Mexico
A pigeon detained in India for eight months was released on Tuesday after police cleared it of suspicions that it was a spy bird for China, the news agency Press Trust of India reported. It was taken to the Bai Sakarbai Dinshaw Petit Hospital for Animals because police suspected it was used for spying, per the outlet. Bombay Society for the Prevention of Cruelty to AnimalsPETA contacted police and obtained a certificate for the bird's release, the organization said. The pigeon was later discovered to be a racing bird from Taiwan that escaped and flew to India, according to the AP. Bombay Society for the Prevention of Cruelty to AnimalsIndian authorities have detained other pigeons on similar suspicions before.
Persons: Dinshaw, Narendra Modi Organizations: Press Trust of, Associated Press, Hospital for Animals, People, Animals, PETA, Bombay Society for, AP, Pigeon Racing, Taiwan News Locations: India, China, Press Trust of India, Mumbai, Taiwan, Taipei, Kashmir, Pakistan
Islamabad, Pakistan CNN —A Pakistan election candidate was shot dead while campaigning on Wednesday, as violence escalates a week before polls open. Rehan Zeb Khan, an independent candidate affiliated with former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, was shot in a “targeted killing” when gunmen opened fire on his car in a market in Bajaur, Khyber Pakhtunkhwa province, according to district police. In response to the violence, Pakistan’s Election Commission (ECP) summoned an emergency meeting of security officials on Thursday to discuss the “deteriorating” law and order situation in the two provinces, according to a statement from the commission. On Wednesday, Pakistan’s military also met for an annual conference where they discussed the possible deployment of the country’s army to assist the election commission during the general election next week, according to a government statement. The election commission has declared February 8, the day of the election, a public holiday for the country’s 240 million people.
Persons: Rehan Zeb Khan, Imran Khan’s, , Malik Kaleem Ullah, Home and Tribal Affairs Balochistan Zubair Jamali, , Khan Organizations: Pakistan CNN —, Khyber Pakhtunkhwa Provincial Assembly, Reuters, Pakistan’s People’s Party, Pakistan Muslim League, Home and Tribal Affairs Balochistan, Baloch Liberation Army, PTI Locations: Islamabad, Pakistan, Imran Khan’s Pakistan, Bajaur, Khyber Pakhtunkhwa, State Khorasan, Balochistan, Home and Tribal Affairs Balochistan Zubair, Sibi
SRINAGAR, India (AP) — For decades, India has focused its defense policy on its land borders with rivals Pakistan and China. Unless you are a maritime power you can never aspire to be a global power,” Chawla said. India, already a regional power, is positioning itself “as a global player today, an upcoming global power,” he said. Though we don’t own it, but we are probably the most capable and responsible resident naval power,” Chawla said. Chawla said India doesn't have “strength to project power into the South China Sea right now” because of the vast Chinese maritime assets there.
Persons: Adm, Anil Kumar Chawla, , ” Chawla, , Darshana, Chawla, it’s Organizations: Pakistan, Hamas, U.S, Carnegie Endowment, International, Ocean Initiative, NATO Locations: SRINAGAR, India, China, Yemen, Iran, Tehran, Red, Gaza, U.S, Visakhapatnam, Marshall, Gulf, Aden, Picardy, “ China, South China, Beijing, Bangladesh, Sri Lanka, Maldives, Australia, Japan, Pacific, South, Asia, asia
The terrorist threat from al-Qaida, the Islamic State group and their affiliates remains high in conflict zones in Africa and in Afghanistan – and threat levels have risen in some regions including Europe, U.N. experts said in a new report. The Islamic State group broke away from al-Qaida over a decade ago and attracted supporters from around the world. In Iraq, they are carrying out “a low-intensity insurgency with covert terrorist cells” while in Syria attacks have intensified since November, the experts said. In West Africa and the Sahel, the panel said, “violence and threat have escalated again” in conflict zones, raising concerns among U.N. member nations. The experts point to “a deficit in counterterrorism capabilities,” which Islamic State and al-Qaida affiliated groups are continuing to exploit.
Persons: Abu Hafs al, Hashemi, , , Al Organizations: Islamic State, . Security, Central, Islamic Locations: Africa, Afghanistan, Europe, Iran, Pakistan, Central Asian, , al, Iraq, Syria, Islamic, West Africa, Islamic State, Somali, Shabab, “ al, Mogadishu, Somalia, Israel, Gaza, Al, Islam, Jerusalem, France, Belgium
"Our job is 98% done," Privatisation Minister Fawad Hasan Fawad told Reuters when asked about the plan to sell the airline. Details of the privatisation process have not been previously reported. PIA had liabilities of 785 billion Pakistani rupees ($2.81 billion) and accumulated losses of 713 billion rupees as of June last year. Its CEO has said losses in 2023 were likely to be 112 billion rupees. PIA spokesman Abdullah Hafeez Khan said the airline was assisting the privatisation process, extending "full cooperation" to the transaction adviser.
Persons: Asif Shahzad, Fawad Hasan Fawad, Fawad, Ernst & Young, Shamshad Akhtar, Abdullah Hafeez Khan, Nawaz, Nawaz Sharif, Imran Khan, Sharif's, Ishaq Dar, EASA, Brendan Sobie, Gibran Peshimam, Raju Gopalakrishnan Organizations: Pakistan International Airlines, International Monetary Fund, PIA, IMF, Reuters, Caretaker, Ernst &, Ernst, FAST, Pakistan Muslim League, European Union Aviation Safety Agency, Heathrow, Manchester, Birmingham, Kuwaiti Locations: Asif Shahzad ISLAMABAD, Pakistan, Czech, Hungarian, Karachi, Europe, Kuala Lumpur, Toronto, Singapore, East, North America, Paris, New York
Islamabad, Pakistan CNN —Pakistan’s incarcerated former Prime Minister Imran Khan has been sentenced to 14 years in prison for corruption, his Pakistan Tehreef-e-Insaaf (PTI) party said Wednesday, in the second legal blow to beset the beleaguered politician this week. Khan, who has been jailed since August on several charges, has also been barred from holding office for 10 years, the PTI said. Bibi was taken into police custody shortly after the sentencing, the party added. Wednesday’s sentencing comes almost one week away from a general election expected on February 8 and just a day after Khan was handed a 10-year sentence for leaking state secrets. That moment set the stage for a months-long showdown between Khan and the powerful military, who he accused of orchestrating his removal.
Persons: Pakistan CNN — Pakistan’s, Imran Khan, Khan, Bushra Bibi, Bibi, ” Khan Organizations: Pakistan CNN, National, Bureau, PTI Locations: Islamabad, Pakistan
Costs, Crackdown Put a Damper on Pakistan's Election Campaigns
  + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +3 min
By Ariba ShahidKARACHI (Reuters) - Higher living costs and political uncertainty have muted Pakistan's once boisterous election campaigns, with both candidates and those who supply them with materials bemoaning the need to do more with much less. Syed Arsalan Haider, a Karachi printer, said the cost of a square foot of banner was up by 130% since the last election. Khan, whose party won the last election, says the military wants to keep him from power, which the military denies. Meherbano Qureshi, a PTI candidate and daughter of the party's jailed vice chairman Shah Mehmood Qureshi, said people were scared to show their support and hang campaign material. (Reporting by Ariba Shahid in Karachi and Mubasher Bukhari in Lahore; Editing by YP Rajesh and Miral Fahmy)
Persons: Shahid, Imran Khan, Jawad Jiwani, Syed Arsalan Haider, Abdul Aziz, Taj Haider, Bilawal Bhutto Zardari, Faisal Subzwari, Khan, Meherbano Qureshi, Shah Mehmood Qureshi, Khurram Sher Zaman, They're, Ariba Shahid, Mubasher Bukhari, YP Rajesh, Miral Organizations: Monetary Fund, Pakistan People's Party, PTI, Mubasher, YP Locations: Shahid KARACHI, Pakistan, Karachi, festooned, Lahore
Just a day after he was sentenced to a decade in prison, former Prime Minister Imran Khan of Pakistan on Wednesday was ordered jailed for 14 years in a separate case, dealing him another heavy blow in his bitter feud with the country’s powerful military. The new sentence, handed down eight days before a scheduled national election in which Mr. Khan’s party has been battered by a widening crackdown, came in a case involving state gifts. Mr. Khan questioned the fairness and impartiality of the trial during the hearing on Wednesday. He asked the judge: “Why are you in a hurry to announce the verdict? I have not even recorded my final statement.” Mr. Khan then exited the courtroom, and the judge announced the sentence in his absence.
Persons: Imran Khan of, Bushra Bibi, Khan, ” Mr Locations: Imran Khan of Pakistan
Pakistan's embattled former Prime Minister Imran Khan was hit with a fresh 14-year jail sentence on Wednesday after a state court found him guilty of graft, just one day after being handed a 10-year term on a conviction of leaking state secrets. His wife Bushra Bibi was also sentenced to a 14-year jail term for graft; the case implicating the couple involved the illegal sale of state gifts for profit while Khan was in office. Previously, many political analysts saw him as the likely winner of Pakistan's upcoming general election on Feb. 8. A towering figure in Pakistani politics for decades, Khan — along with his supporters — says the charges and arrests are politically motivated. It is not clear whether the 10 and 14-year-sentences will be served consecutively or concurrently, though some media reports say the terms will be concurrent.
Persons: Imran Khan, Bushra Bibi, Khan, Khan —, Organizations: Pakistan, Bureau
What Iran Really Wants
  + stars: | 2024-01-30 | by ( Alissa J. Rubin | ) www.nytimes.com   time to read: +1 min
Iran has emerged as the chief architect in multiple conflicts strafing the Middle East, from the Mediterranean to the Persian Gulf. It trained and helped arm the Iraqi militias that killed three U.S. service members with a drone in Jordan this weekend. Why is Iran suddenly involved in so many conflicts? Since the 1979 takeover of Iran by Ayatollah Ruhollah Khomeini, the country’s Islamic revolutionary government has had one overriding ambition: to be the lead player shaping the future of the Middle East. Seen another way, it wants Israel weaker and the United States gone from the region after decades of primacy.
Persons: Ruhollah Khomeini Locations: Iran, Persian, Jordan, Israel, Pakistan, Yemen, Gaza, United States
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. Former Prime Minister of Pakistan Imran Khan has been sentenced to 10 years in jail on charges of leaking state secrets, his party Pakistan Tehreek-e-Insaaf (PTI) confirmed in a post on social media site X on Tuesday. The former national cricket captain became Pakistan's prime minister in 2018. What can be more ridiculous than that Pakistan has imprisoned its Prime Minister and Foreign Minister for exposing the foreign conspiracy! One month later, he was removed from power in a vote of no-confidence by opposition lawmakers alleging corruption and unconstitutional actions.
Persons: Imran Khan, Pakistan Imran Khan, Khan, Shah Mahmood Qureshi, Khan's Organizations: Former, PTI Locations: Lahore, Pakistan, Islamabad, Washington
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Organizations: U.S . News, U.S News
Former Prime Minister Imran Khan of Pakistan was sentenced to 10 years in prison on Tuesday, the latest twist in what is widely seen as a campaign by the military to sideline one of its leading critics from politics. The sentence, which was delivered in a case in which Mr. Khan is accused of leaking state secrets, came about a week before Pakistan is set to head to the polls for the first national election since he was ousted in a vote of no confidence in April 2022. Analysts have called the election among the least credible in Pakistan’s 76-year history because of the military’s widespread crackdown on Mr. Khan and his supporters. His ouster set off a political showdown between Mr. Khan and the country’s powerful military, which has long been the invisible hand guiding the country’s politics. Mr. Khan and his supporters have accused military leaders of orchestrating his removal — an accusation they deny.
Persons: Imran Khan, Khan Organizations: Analysts Locations: Pakistan
Islamabad, Pakistan CNN —Pakistan’s former leader Imran Khan has been sentenced to 10 years in prison for leaking state secrets, his political party Pakistan Tehreek-e-Insaf (PTI) said in a statement Tuesday. The former prime minister repeatedly alleged that Pakistani officials conspired with the country’s powerful military and the US to remove him from office. Khan has been behind bars since August after he was found guilty of corruption and sentenced to three years in prison. Despite being unable to stand in the upcoming vote, he remains a major political force owing to his widespread popularity. TV stations are banned from running Khan’s speeches, and many of his PTI party colleagues have been arrested.
Persons: Pakistan CNN — Pakistan’s, Imran Khan, Khan, Shah Mehmood Qureshi Organizations: Pakistan CNN, Cypher, PTI, US State Department Locations: Islamabad, Pakistan, Rawalpindi’s Adiala, Pakistani
CNN —The Biden administration has a regional war on its hands in the Middle East and needs to change its strategy fast. ·Almost daily Israeli strikes against Hezbollah targets in Lebanon and almost daily Hezbollah strikes against Israeli targets. ·Multiple Israeli strikes against Iran-linked Syrian targets. ·Pakistan strike against Iranian targets, and Iran strike against Pakistani targets. The options to retaliate for President Biden are complicated, since he does not want to widen the conflict further.
Persons: Peter Bergen, , Osama bin Laden, CNN —, Biden, Jimmy Carter, Camp David Organizations: New, Arizona State University, Apple, Spotify, CNN, Pakistan, Hamas, ISIS, Camp Locations: New America, Jordan, Israel, Gaza, Red, Yemen, Lebanon, Iraq, Syria, Iran, Iranian, Pakistan, Egypt
North Korean missiles won't defeat Ukraine
  + stars: | 2024-01-29 | by ( Michael Peck | ) www.businessinsider.com   time to read: +6 min
An expert believes that North Korean short-range ballistic missiles could hit pinpoint targets. North Korean arms are known for being cheap rather than good, as Moscow discovered when it recently began importing shoddy North Korean ammunition . But these North Korean ballistic missiles are not some knockoff of the notorious 1950s Soviet Scud, a liquid-fueled rocket that takes more than an hour to launch. "They may have some design heritage with Russian systems, but they borrow heavily from North Korean expertise." This suggests that Russia will need a lot of North Korean missiles, which in turn raises the question of North Korea's rocket manufacturing capacity.
Persons: , Russia's, Masao Dahlgren, Dahlgren, Ukraine –, Kim Jong Organizations: Service, White House, Center for Strategic, International Studies, Korean, International Institute for Strategic Studies Locations: Russia, Korean, Ukraine, Korea, Moscow, Zaporizhia, Washington ,, United States, Iran, Nazi, Iranian, Iraq, Pakistan, Syria, Japan, South Korea, Pyongyang, Russian, Korea's
Kevin Dietsch | Getty ImagesCongressional lawmakers are demanding President Joe Biden strike Iran after three U.S. troops were killed Sunday night in Jordan in a drone strike claimed by the Islamic Resistance of Iraq, an Iranian-backed militia group. Iran has not commented on the attack, while Jordan's government denied it took place on its soil. "I am calling on the Biden Administration to strike targets of significance inside Iran, not only as reprisal for the killing of our forces, but as deterrence against future aggression," Republican Sen. Lindsey Graham said in a statement. Elmurod Usubaliev | Anadolu | Getty ImagesThe attack marks another regional escalation in a war that the Biden administration has tried to contain. Meanwhile, Lebanese Shia militia group Hezbollah and Israel are exchanging fire along the Israeli-Lebanese border, while Iran earlier this month struck targets in Iraq, Syria and Pakistan.
Persons: Lindsey Graham, Kevin Dietsch, Joe Biden, Republican Sen, Roger Wicker, Biden, Elmurod, Helima Croft Organizations: Sen, U.S, Capitol, Getty, Islamic, Hamas, Biden Administration, Republican, Senate Armed Services Committee, Anadolu, Lebanese Hezbollah, RBC Capital Markets Locations: Washington , DC, Iran, Jordan, Iraq, Iranian, U.S, Israel, Ankara, Turkiye, Yemeni, Gaza, Israel's, Yemen, Lebanese, Syria, Pakistan, Iraqi, United States
By Chris GallagherTOKYO - Three foreign-born residents of Japan filed a lawsuit on Monday against the national and local governments over alleged illegal questioning by police based on racial profiling. It also comes amid a renewed debate over what it means to be and look Japanese, after a Ukrainian-born, naturalised Japanese citizen was crowned Miss Japan last week. The plaintiffs say they have suffered distress from repeated police questioning based on their appearance and ethnicity, which they say is a violation of the constitution. They and their legal team arrived at Tokyo District Court around midday and spoke to media outside before heading in to file their case. "I never knew what social withdrawal was until recently," he said, declining to provide his surname for fear of harassment.
Persons: Chris Gallagher TOKYO, Matthew, Syed Zain, Maurice, Chris Gallagher, Hugh Lawson Organizations: Miss Japan, Court, Tokyo Metropolitan, Tokyo Metropolitan Government, Aichi, Aichi Prefectural Government, National Police Agency, Ministry, Justice Locations: Japan, Ukrainian, Tokyo, Aichi, Aichi Prefectural, Pakistan, American
CNN —Unidentified gunmen killed nine Pakistani workers in the restive southeastern border region of Iran, Pakistani officials say, just over a week after Iran and Pakistan carried out military strikes on each other’s territory. No group or individuals have taken responsibility for the attack, in the city of Saravan, according to Iran’s semi-official Mehr News Agency. “Embassy will extend full support to bereaved families.”“We called upon [Iran] to extend full cooperation in the matter,” he added. Last week, Pakistan and Iran carried out tit-for-tat strikes on militants on each other’s soil in a major escalation of tension between the two sides. Both nations have long fought militants in the restive Baloch region along the border.
Persons: , , Muhammad Mudassir Tipi, Mumtaz Zahra Baloch, Iran’s Ministry of Foreign Affairs “, Nasser Kanani, Kanani, Pakistan “ Organizations: CNN, Mehr News Agency, Pakistan’s, , Pakistani Ministry of Foreign Affairs, Foreign, Iran’s Ministry of Foreign Affairs Locations: Iran, Pakistan, Saravan, Balochistan, Sistan, Baluchestan, restive Baloch
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