On September 5, 2024, Pakistan made a notable move by arresting and initiating the court-martial of Lt. General Faiz Hameed, the former head of the Inter-Services Intelligence (ISI). As a result, this action has significantly increased the pressure on former Prime Minister Imran Khan. Analysts now believe it could eventually lead to Khan facing charges […]
Politics
Imran Khan Applies for Oxford University Chancellor Role While in Prison
Former Pakistani Prime Minister’s Application Imran Khan, the former Prime Minister of Pakistan, has formally applied for the position of Chancellor at the University of Oxford from his prison cell. His application was announced by his close aide, Sayed Zulfiqar Bukhari, on social media. Political Background and Imprisonment Khan served as Pakistan’s leader from 2018 […]
Independence Day 2024: How to Watch PM Modi’s Speech and Details of the Celebrations
India will celebrate its 78th Independence Day on August 15, 2024. Prime Minister Narendra Modi will start the festivities by hoisting the national flag at the Red Fort in New Delhi, followed by his annual address to the nation. This will mark Modi’s 11th consecutive Independence Day speech. When Will PM Modi’s Speech Begin? PM […]
Oil Prices Up After Iran Attacks Two U.S.-Iraqi Airbases, Sparking More Conflicts
By Ritu, Capital Sands Oil prices jumped on Wednesday in Asia after Iran attacked two U.S.-Iraqi airbases in response to a U.S. airstrike that killed a top Iranian general last week, sparking worries of intensifying conflict in the Middle East. Overnight, the Pentagon said missile strikes were launched from Iran and targeted the Ayn al-Asad […]
Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia
By Ritu, Capital Sands Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil producing countries. The price gains […]
Oil hits three-month highs as strong U.S. consumer spending underpins growth hopes
By Ritu, Capital Sands Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world’s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. Brent crude futures were up 6 cents, or 0.1%, at $67.98 a barrel […]
Oil hovers near three-month high on trade optimism supply cuts
By Ritu, Capital Sands Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline and set to stoke oil demand in the world’s biggest economies. Brent crude oil futures had slipped by three […]
Pound Gains on Brexit Optimism as Focus Shifts to Trade Talks
By Ritu, Capital Sands Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. The pound rallied for a second day amid optimism a speedy resolution to the Brexit deadlock is in store after the Conservative Party’s election victory. Sterling advanced against all its major peers after Chief Secretary […]
Asian Markets Mixed as Lighthizer Says No Date is Set for Phase Two Talks
By Ritu, Capital Sands Asian markets were mixed on Monday morning in Asia as U.S. Trade Representative Robert Lighthizersaid the phase one Sino-U.S. trade deal is “totally done,” but no date is set for the next phase two talks. China’s Shanghai Composite slipped 0.1% by 11:35 PM ET, while the Shenzhen Component gained 0.6%. Hong Kong’s Hang […]
Doctors consider Nawaz Sharif’s toxicology screening for poisoning
Former PM has been diagnosed with an immune system disorder causing low platelet count. Doctors from London have hinted that former Pakistan Prime Minister Nawaz Sharif’s toxicology screening for poisoning would be ordered the British capital if no cause or cure was found of his unstable platelets, the media reported on Saturday. The announcement was […]