Business Recorder

Enriched uranium key issue in Iran talks, no deal yet: Rubio

WASHINGTON: The fate of Iran’s highly enriched uranium stockpiles is at the center of talks with Washington, and Tehran has not yet agreed to a peace deal, US Secretary of State Marco Rubio said Wednesday. Washington insists that Iran must turn ov…

#RafaelGrossi #IranNegotiation

Business Recorder

Federal budget 2026-27 likely to be unveiled on June 10, says DPM Dar

The federal government and its coalition partner, the Pakistan Peoples Party (PPP), on Wednesday agreed to recommend June 10 as the date for the announcement of the federal budget for fiscal year 2026-27 during pre-budget consultations held in Isl…

#IshaqDar #Budget2026

Business Recorder

The noble lie and corruption of good intentions

In The Republic, Plato introduced the notion of the “noble lie”, a myth invented by rulers for their citizens in an effort to ensure social harmony and justice. According to Plato, a philosopher king might lie for the sake of the common good; he m…

#Editorial #Corruption

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