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European shares rally sharply ahead of producer price data

European shares rally sharply ahead of producer price data

European shares rose sharply on Tuesday in a broad-based rally, led by chipmakers, travel and leisure companies, and some strong corporate updates, with investors eyeing producer price data due later in the day. The region-wide STOXX 600 index was up 2% by 0827 GMT, hitting its highest level since Sept. 23. Equities in the region...

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LNG tenders fail to fetch bidders

LNG tenders fail to fetch bidders

ISLAMABAD: Pakistan’s Liquefied Natural Gas (LNG) shortages appear prolonging for years as it failed to attract any bidder for a long-term contract because of tight international market conditions. The state-run Pakistan LNG Limited (PLL) on Monday announced the results of two tenders for a total of 72 LNG cargos after a month-long extension in deadline...

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Elon Musk in row with Zelensky over Russia

Elon Musk in row with Zelensky over Russia

Elon Musk in row with Zelensky over Russia Kyiv, Ukraine: US billionaire Elon Musk was embroiled in a social media spat with Ukrainian officials including President Volodymyr Zelensky on Monday over his ideas on ending Russia´s invasion. Musk sparked the controversy on Twitter by proposing a peace deal involving re-running under UN supervision annexation referendums...

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Nobel Physics Prize could focus on light

Nobel Physics Prize could focus on light

Last year, 12 men and one woman won Nobel Prizes, with all of the science nods going to men. – AFP Stockholm: Bending and manipulating light to make objects invisible or harnessing it more efficiently to produce electricity are among the discoveries tipped to win the Nobel Physics Prize on Tuesday. The Royal Swedish Academy of...

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Swedish geneticist wins Nobel medicine prize for decoding ancient DNA

Swedish geneticist wins Nobel medicine prize for decoding ancient DNA

Swedish geneticist Svante Paabo, who won the 2022 Nobel Prize in Physiology or Medicine for discoveries that underpin our understanding of how modern day humans evolved from extinct ancestors, holds on to a life-saver after being thrown into the water by co-workers, at the Max-Planck Institute for evolutionary anthropology in Leipzig, Germany, October 3, 2022.—...

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Joe Biden to impose ‘further costs’ on Iran over protests crackdown

Joe Biden to impose ‘further costs’ on Iran over protests crackdown

US President Joe Biden. — AFP/File  President Biden says US will continue holding Iranian officials accountable. Says US will support rights of Iranians to protest freely. Biden adds he was “gravely concerned” about reports of intensifying repression of protesters. PARIS: President Joe Biden on Monday said the United States would place “further costs” on Iran for its...

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Elon Musk embroiled in a social media spat

Elon Musk embroiled in a social media spat

Elon Musk embroiled in a social media spat Kyiv, Ukraine: US billionaire Elon Musk was embroiled in a social media spat with Ukrainian officials including President Volodymyr Zelensky on Monday over his ideas on ending Russia´s invasion. Musk sparked the controversy on Twitter by proposing a peace deal involving re-running under UN supervision annexation referendums...

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Trump sues CNN claiming defamation, seeks $475m in punitive damages

Trump sues CNN claiming defamation, seeks $475m in punitive damages

Former US president Donald Trump sued CNN for defamation on Monday, seeking $475 million in punitive damages and claiming the network had carried out a “campaign of libel and slander” against him. Trump claims in his lawsuit, filed in US District Court in Fort Lauderdale, Florida, that CNN had used its considerable influence as a...

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Ironic! Anti-theft agency owner arrested for burglary

Ironic! Anti-theft agency owner arrested for burglary

In a weird incident, a man in the UK who had a business about advising people on how to protect their homes from thieves has been booked for burglary himself. The 28-year-old Sam Edwards, launched ‘Sam’s Burglary Prevention’ in 2019, offering advice to homeowners on evading burglars’ targets. At the time, he had said he...