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Germany Fleshes Out Emergency Gas Reserve Plan to Deflect Shocks
Germany is detailing plans to build up a strategic natural gas reserve to keep supplies running in a worst-case crisis scenario, as the shock caused by the Iran war underscores Europe’s continued vulnerability to sudden disruptions.
Sindh govt constitutes high-level committee to ‘ensure execution’ of Gul Plaza inferno’s inquiry report
The Sindh government on Thursday constituted a high-level committee to “ensure the execution of the inquiry report” of the Gul Plaza inferno, which claimed the lives of more than 70 people in January. The deadly fire erupted on the night of Jan 17 and took nearly two days to be fully extinguished, leaving the ground-plus-three-storey building of Gul Plaza in ruins, with some of its sections collapsed. Subsequently, a one-member judicial commission was formed to probe the incident, and it handed...
Markets Can Live With $100 Oil for a While, JPM’s Michele Says
Bob Michele, global head of fixed income at JPMorgan Asset Management, sees a path to markets turning optimistic and putting the Iran war “in the distant rearview mirror” over the next month, even if oil remains at $100 per barrel. (Source: Bloomberg)
US had hottest March on record as nation faced ‘unprecedented’ heat
The continental US registered its most abnormally hot month in 132 years of records, according to Noaa data March’s persistent unseasonable heat was so intense that the continental United States registered its most abnormally hot month in 132 years of records, according to federal weather data. And the next year or so looks to turn the dial up on global warmth even more, as some forecasts predict a brewing El Niño will reach super strength.Not only was it the hottest March on record for the US b...
Bill seeking to raise Christians’ marriage age to 18 submitted to Punjab Assembly panel
LAHORE: In a historic move to dismantle colonial-era legal barriers, a bill was submitted in the Punjab Assembly’s Standing Committee on Minority Affairs on Thursday, seeking a raise in the minimum marriage age of Christians to 18. This bill seeks to resolve decades of hurdles in documentation that have left many Christian marriages unrecognised by union councils and the National Database and Registration Authority (Nadra). The proposed ‘Christian Marriage Act Bill, 2026’ was submitted as a priv...
‘No more bending to Westminster’s will’ if Plaid Cymru wins power, leader vows
Rhun ap Iorwerth launches party’s manifesto and says he is unconcerned by Reform UK threat in Welsh electionsUK politics live – latest updatesPlaid Cymru’s leader has promised “no more bending to Westminster’s will” as the nationalist party stands on the brink of taking office for the first time in next month’s Senedd elections.Speaking at Plaid Cymru’s manifesto launch in Wrexham on Thursday – chosen because of its football team, which has showcased Wales’s potential to the world – Rhun ap Iorw...
USPS halts contributions to pension plan after warning of "cash crisis"
MoneyWatch USPS suspends contributions to employee pensions after warning of "cash crisis" .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aimee Picchi Aimee Picchi Associate Managing Editor, MoneyWatch Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports. Rea...
Argentina to play final pre-World Cup matches in iconic college football stadiums
Lionel Messi is going to SEC country.Argentina will play its final two pre-World Cup friendlies at two of the United States’ most iconic college football stadiums. The defending World Cup champions will face off against Honduras on June 6 at Kyle Field in College Station, Texas, before taking on Iceland on June 9 at Jordan-Hare Stadium in Auburn, Ala.Advertisement
Mild pullback follows record surge at PSX
The Pakistan Stock Exchange (PSX) on Thursday witnessed a volatile yet largely range-bound session following a record-breaking day in its history as the benchmark KSE-100 index slipped by around 300 points. The decline came after the previous session's sharp 9% surge, with investors adopting a cautious stance amid mixed signals and heightened geopolitical uncertainty, including Israel's attacks on Lebanon just after the truce between the US and Iran. The market experienced signifi...
Chinese tyre firm to invest $120m
Federal Minister for Commerce Jam Kamal Khan held a meeting with Jin Yongsheng, chairman of Service Long March Tyres (Private) Limited, and his delegation to discuss investment expansion, export growth and tariff policy support for Pakistan's tyre industry, according to an official statement issued on Thursday. During the discussion, the company announced an additional investment of $120 million in Pakistan, reaffirming its confidence in the country's industrial and economic potent...
Urea smuggling risk alarms minister
Federal Minister for National Food Security Rana Tanveer Hussain chaired a high-level meeting of the Fertiliser Review Committee to review the supply-demand situation of urea and other key fertilisers, with a special focus on the ongoing Rabi season, Kharif 2026 projections and preparedness for Rabi 2026-27, according to a statement issued by the Ministry of National Food Security & Research on Thursday. The meeting was informed that the urea situation during the Rabi season remained l...
FinMin seeks input for budget
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a virtual meeting with presidents and senior office bearers of chambers of commerce and business entities from across the country to discuss the prevailing economic situation, upcoming budget priorities, and avenues for strengthening economic recovery and growth, according to an official statement from the finance ministry on Thursday. The meeting, which lasted nearly 90 minutes, was also attended by Minister of St...
SBP reserves rise $19m to $16.4b
Pakistan's foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded a modest increase of $19 million on a weekly basis to reach $16.4 billion, according to the latest data released by the SBP. The country's total liquid foreign reserves stood at $21.89 billion, indicating a steady buffer against external payment pressure. Of this, $16.4 billion was held by the SBP, while net reserves with commercial banks amounted to $5.5 billion. The Pakistani rupee edged up 0....
World Bank cuts GDP forecast to 3%
The World Bank on Thursday cut Pakistan's economic growth forecast to 3% for this fiscal year due to adverse implications of the Middle East war, which is significantly lower than the estimates that Islamabad has shared with the International Monetary Fund (IMF). In its first detailed report on the implications of the war, the World Bank also said that Pakistan's current account deficit (CAD) could widen to 1.2% of the size of the economy, equal to $4.9 billion. The projected defic...
Forbes Unveils New Self-Made 250 List Featuring America’s Trailblazing Leaders Who Rose From Adversity To Build Their Own Success
Forbes today announced the launch of its Self-Made 250 List, the latest installment of its Forbes 250 initiative, which explores how innovation, ambition and resilience continue to redefine the American Dream in the 21st century.
Sinner into last eight after 37-set record snapped
Sinner into last eight after 37-set record snappedImage source, Getty ImagesImage caption, Sinner has never won a clay-court Masters 1000 titlePublished2 hours ago39 CommentsJannik Sinner dropped a set at an ATP Masters event for the first time in 186 days but he still managed to book a spot in the Monte Carlo quarter-finals with victory over Tomas Machac.The Italian has lifted the past three Masters 1000 titles - at Paris, Indian Wells and Miami - without conceding a set.However, his streak of...
Video posted by alleged arson suspect appears to show when massive warehouse fire was set
Police arrested a suspected arsonist in a massive California warehouse fire. Video from what appears to be the suspect's social media account seems to show the fire as it was set. Investigators say the suspect is an employee of a third party distributor of Kimberly Clark. Jonathan Vigliotti has more.
Blue Jays object to Shohei Ohtani's extra time getting ready to pitch
TORONTO — The Toronto Blue Jays on Wednesday raised an objection with the umpiring crew over how long Shohei Ohtani takes between innings to get ready to pitch, resurrecting a complaint Toronto shared during the World Series last year.The Los Angeles Dodgers two-way player led off the Blue Jays’ 4-3 victory with a walk and remained on base for the remainder of the first inning. Ohtani returned to the dugout and didn’t take the mound to warm up until less than a minute remained on the two-minute...
Latest news on U.S.-Iran ceasefire after Trump issues new threats, Israel strikes Lebanon
The U.S.-Iran ceasefire appears fragile as Tehran denounces Israeli strikes against Hezbollah in Lebanon. This comes as President Trump threatens more violence if the agreement is breached. CBS News' Elizabeth Palmer and Olivia Rinaldi report, and Retired U.S. Navy Vice Admiral Robert Murrett joins with more insight.
Nike in exclusive talks to become men's Champions League ball provider, ending 25 years of Adidas
Nike is in exclusive negotiations to become the match ball provider for the UEFA men’s Champions League, Europa League and Conference League.Nike is set to break Adidas’ 25-year stranglehold over the match ball for the men’s Champions League, with the German sports manufacturer having held the sponsorship agreement with Europe’s elite club competition since 2001. Advertisement
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