Business Recorder

Pakistan, World Bank discuss new health, skills development initiatives

Federal Minister for Economic Affairs Ahad Cheema and Mamta Murthi on Wednesday discussed new development initiatives focused on human capital, skills development, workforce readiness and youth employment, Ministry of Economic Affairs said in a st…

#Pakistan #WorldBank #PublicHealth

Business Recorder

Gulf tensions escalate as Iran hits Kuwait, US strikes near Hormuz

DUBAI/WASHINGTON:- Gulf hostilities flared again on Wednesday as Iranian attacks on Kuwait damaged its airport and injured dozens while the U.S. military carried out strikes near the Strait of Hormuz , with diplomacy to halt the war showing little…

#USIranConfrontation #GulfCountries

Business Recorder

Nicholas Galitzine finds footing as He-Man in ‘Masters of the Universe’ movie

LOS ANGELES: While Nicholas Galitzine, star of the 2026 fantasy film “Masters of the Universe,” didn’t grow up playing with the classic Mattel He-Man toys or watching the 1983 animated series, he found his own way to connect with the role. “Well, …

#NicholasGalitzine

Business Recorder

Venezuela’s Rodriguez arrives in oil-hungry India

NEW DELHI: Venezuela’s interim President Delcy Rodriguez arrived in New Delhi on Wednesday to deepen cooperation between the oil exporter and energy-hungry India, the world’s most populous nation. Her five-day visit comes as India, the world’s thi…

#India #OilCrisis #Venezuela

Business Recorder

US stocks edge lower as investors consolidate after string of records

NEW YORK: Wall Street stocks opened lower on Wednesday, with equities taking a breather after hitting one record high after another in recent weeks, and increased pessimism around the chances of peace in the US-Israel war on Iran. The Dow Jones In…

#USStocks #Economy

Business Recorder

AI music startup Suno raises funding at $5.4 billion valuation

Suno said on Wednesday it has raised more than $400 million in a funding round at a $5.4 billion valuation, as the AI music startup looks to enhance its platform by creating new tools. The Massachusetts-based startup, which allows users to generat…

#AI

Business Recorder

IMF says Saudi economy holding up during Iran war but growth could slow to 2% in 2026

ABU DHABI: Saudi Arabia’s economy has proved resilient during the Middle East war, but the conflict has weighed on non-oil activity and confidence, leaving growth this year “notably” lower, the International Monetary Fund said on Wednesday. The ki…

#OilPrices #IranUSConflict

Business Recorder

Most Gulf markets retreat on Iran war jitters

Most major Gulf stock markets fell on Wednesday as hostilities flared after U.S.-Iran peace talks stalled. The U.S. military reported that Iranian missile attacks targeting Bahrain, Kuwait, and other sites were either intercepted or failed, while …

#GulfMarkets #Economy #IranUSConflict

Business Recorder

Broad-based losses drag Sri Lankan shares lower for third day

Sri Lankan shares closed lower on Wednesday, dragged by losses across sectors. The CSE All Share index settled down 0.75% at 22,011.10, falling for the third-consecutive day. Dialog Finance PLC and Cargo Boat Development Co were the top percentage…

#StockMarket #SriLanka #Economy

Business Recorder

Indian central bank rebuts media report it sold gold reserves

The Reserve Bank of India on Wednesday denied a Bloomberg News report that said the central bank likely sold gold reserves worth roughly $12 billion in the two weeks through May 22. The RBI said in a statement its physical stock of the precious me…

#GoldReserves #RBI #Economy