190 MILLION POUNDS
Rise in UK jobless rate muddies Rishi Sunak's message to voters
In April, Britain's labour market showed signs of cooling as the unemployment rate rose to 4.4%, the highest since September 2021. Despite robust wage growth, the number of employed people fell by 207,000. Prime Minister Sunak faces challenges ahead of the July 4 election. Inactivity rates and long-term sickness are rising, prompting potential reforms. Wage growth remains strong, but the economy faces uncertainties.
Pakistan HC grants bail to Imran Khan in 190 million pounds corruption case
Pakistan's High Court grants bail to Imran Khan in a 190 million pounds corruption case. NAB investigates Khan, his wife, and PTI founder in land acquisition case involving Al Qadir University Trust. Case linked to National Crime Agency's recovery of funds from a tycoon and settlement in the Sohawa area of Jhelum district.
Pakistan court adjourns hearing of 190 million pounds graft case against Imran Khan over 'security concerns'
Pakistan's accountability court has adjourned the hearing of the 190 million pounds corruption case against Imran Khan until Friday due to security concerns at the high-security Adiala prison. The 71-year-old Pakistan Tehreek-e-Insaf (PTI) founder has been imprisoned at the Adiala Jail since August last year. The court accepted the request, citing reports of threat alerts on prisons in Punjab by banned organizations.
Former Pakistan Prime Minister Imran Khan refuses to apologise over May 9 riots
Jailed former Pakistan Prime Minister Imran Khan has refused to apologize for the May 9 riots, following the military's demand for an apology. Khan, facing corruption charges, expressed readiness for an inquiry into past protests but denied involvement in the violent events. The ex-PM emphasized his commitment to dialogue for the country's sake amid ongoing legal proceedings and allegations related to the unrest.
Bitcoin's latest 'halving' has arrived. Here's what you need to know
Bitcoin's latest "halving" occurred Friday night. Soon after the highly anticipated event, the price of bitcoin held steady at about $63,907
Bitcoin's next 'halving' is right around the corner. Here's what you need to know
Sometime in the next few days or even hours, the "miners" who chisel bitcoins out of complex mathematics are going to take a 50% pay cut - effectively slicing new production of the world's largest cryptocurrency in half.
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Imran Khan demands high treason proceedings against Pak poll mandate thieves
Pakistan's jailed former prime minister Imran Khan has sought high treason proceedings against officials who allegedly stole his party's mandate in the February general elections and allowed the rival PML-N and the PPP to form a coalition government.
Nuclear energy players need to take 90% uranium price spike bill or shut plants
The price of uranium has increased by 90% in 12 months, surpassing its cost in 16 years. Shutting down a nuclear power plant is costly and time-consuming, with daily costs reaching $1 million. However, the demand for uranium is rising due to the need for low-carbon power sources. Countries like France and the UK are reconsidering nuclear energy and expanding capacity. The global uranium supply is facing a deficit, with a shortage of enriched uranium as well. Hedge funds, ETFs, governments, and utilities are all vying for uranium, leading to price increases in the market.
Israel pounds Gaza as fears grow of widening war
Amid the Israel-Hamas conflict, Gaza faces devastation, displacing 85% of its population. Hostage crises intensify tensions, prompting Qatari and French mediation for a deal. Israel agrees to supply medicines to hostages in Gaza, while aid reaches civilians. Regional concerns rise as Iran supports Hamas, contributing to heightened conflicts. The internet blackout in Gaza persists, and Israeli operations focus on Khan Yunis. As violence continues, the US strikes Yemeni targets, exacerbating the complex regional landscape.
Funds to compensate developing nations for climate impacts approved at COP28
COP of the Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC) is a platform where more than 190 countries hold discussions to reduce carbon emissions to keep the global temperature rise to 1.5 degrees Celsius compared to the pre-industrial era as per the Paris Agreement of 2015.
Imran Khan moves Supreme Court for bail in Al-Qadir Trust corruption case
Imran Khan has moved to the Supreme Court for bail in the Al-Qadir Trust corruption case. Khan in the bail application alleged that the National Accountability Bureau (NAB), while acting as a tool of the previous Pakistan Democratic Movement (PDM) government, used the case to harass him on political grounds.
How billionaire Mittal’s distressed brother got a $500 million bailout far away from India
Pramod Mittal, lesser-known in the steel industry compared to his brother Lakshmi, is navigating financial turmoil. Nigeria agreed to pay nearly $500 million to settle his company's dispute, aiding his debt-laden venture. Despite Nigeria's payments to Mittal's company, creditors await settlements, highlighting the complex web of his financial troubles.
Pakistan: Islamabad accountability court issues arrest warrants for Imran Khan
The Islamabad Accountability Court has issued arrest warrants for Imran Khan, the chairman of Pakistan Tehreek-e-Insaf (PTI) and former Prime Minister of Pakistan, in relation to the Toshakhana and 190 million pounds Al-Qadir Trust cases. This development, reported by Samaa News on Monday, highlights the legal challenges facing Khan.
Bitcoin mining has 'very worrying' impacts on land & water: UN study
A new study conducted by UN scientists has found that Bitcoin mining activities have significant environmental footprints, including carbon, water, and land footprints. The study revealed that the global Bitcoin mining network consumed a massive amount of electricity and heavily relied on fossil energy sources.
Imran Khan moves Islamabad HC against bail suspension in Toshakhana case
Imran Khan, Chief of Pakistan Tehreek-e-Insaf, has filed a petition with the Islamabad High Court to challenge the suspension of his interim bails in the Toshakhana and 190 million pound cases. The accountability court cancelled his temporary bail after he failed to appear on August 10. Khan has been imprisoned since August 5 due to his Toshakhana case conviction. The Islamabad High Court, in a brief order, ordered his release on bail from Attock Jail and will explain the grounds for suspension later.
Late Queen frontman Freddie Mercury's prized bangle sells for $881K at New York auction
The item broke a record set when John Lennon's leather and bead talisman sold for 295,000 pounds ($368,000) in 2008, Sotheby's said.
Former Pak PM Imran Khan fears arrest in Islamabad on Tuesday, says there are "80 per cent chances"
The former prime minister of Pakistan, Imran Khan stated that the ruling coalition's determination to remove him from the political landscape stems from their fear of losing the 2019 general elections.
Al-Qadir Trust case: NAB summons Imran Khan on May 18
The NAB also retitled the Al-Qadir Trust reference to "National Crime Agency 190m Pounds Scandal," and ordered the former premier to ensure a physical appearance on the given date. On Monday, a division bench of the Lahore High Court (LHC) granted protective bail to former first lady Bushra Bibi till May 23 in the case.
Pakistan: Lahore High Court grants bail to Imran Khan's wife in Al-Qadir Trust case
The petitioner requested the court to approve the protective bail as the National Accountability Bureau (NAB), which is carrying out the investigation of the case, can arrest her, as per the ARY News report. Last week, the Islamabad High Court (IHC) directed Imran Khan to join the investigation in the Al-Qadir Trust case. According to the details, Islamabad High Court issued a written order granting Imran Khan interim bail in the Al-Qadir Trust case.
Imran Khan arrested for causing loss to national treasury in corruption case: Pak Minister Rana Sanaullah
Pakistan's Interior Minister, Rana Sanaullah, has said that former Prime Minister, Imran Khan, was arrested over a corruption case for causing losses to the national treasury, but dismissed claims of torture during his arrest by paramilitary Rangers. National Accountability Bureau (NAB) officials detained Khan in relation to the Al-Qadir Trust case.
Islamabad High Court summons officials over Imran Khan's arrest
"If an inquiry has to be conducted, action will also be taken against the prime minister and ministers," the chief justice said.
Imran Khan faces over 120 cases across Pakistan
Imran Khan, who travelled from Lahore to the federal capital Islamabad, was undergoing a biometric process at the court when the Rangers broke open the glass window and arrested him after beating lawyers and Khan's security staff, according to senior party leader Shireen Mazari.
Roblox, Buzzfeed, other companies affected by Silicon Valley Bank collapse
Startup-focused lender SVB Financial Group last week became the largest bank to fail since the 2008 financial crisis, sending shockwaves through the global financial system and prompting regulators to step in to contain the fallout.
India's forex reserves decline by $8.31 billion, biggest weekly fall in over 11 months
India's foreign exchange reserves fell 8.3% in the week to Feb. 10, logging its biggest decline in more than 11 months, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. The reserves stood at a one-month low of $566.95 billion at the end of last week, down from $575.27 billion at the end of the prior week, during which it fell 1.5%.
Emma Watson donates 1 million pound to help sexual harassment victims
The actress is one of the first donors to the campaign.
Hindujas top UK's rich list, top 1,000 own 518.9 billion pounds
Hinduja brothers have topped UK's list of 1,000 richest people - that includes other Indian-origin industrialists like Mittal and Swraj Paul.
UK's Dixons and Carphone agree 3.8 billion pounds retail merger
The merger would result in each of Dixons' and Carphone's shareholders holding 50 per cent of a group to be called Dixons Carphone Plc.
Hirco to write off 350 million pound Panvel, Chennai township investment
At the time of listing in 2006, Hirco, the investment vehicle for Hiranandani’s two township projects had raised 350 million pounds.
China to create world's largest mega city with 42 million people
The new mega-city will cover a large part of China's manufacturing heartland which accounts for nearly a tenth of the Chinese economy.
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