Business Recorder

Court ousts leadership of Turkiye’s main opposition party

ISTANBUL: An Ankara court on Thursday annulled the 2023 leadership election of Turkey’s main opposition CHP party, state news agency Anadolu reported, in a sharp escalation against the country’s embattled opposition. The ruling overturns the resul…

#Court #Turkiye

Business Recorder

Israel deports all foreign activists from Gaza flotilla

JERUSALEM: Israel said on Thursday it had deported all the foreign activists seized by Israeli forces from a Gaza-bound flotilla, following global outcry over their treatment in custody. More than 430 activists from countries around the world had …

#Israel #GazaFlotilla

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Dubai launches second economic incentives package worth USD408m

DUBAI: Dubai will provide economic incentives worth more than USD400 million, authorities said Thursday, as businesses struggle to cope with the aftermath of the Middle East war and Iran’s blockade in the Strait of Hormuz. Authorities approved “a …

#Dubai #EconomicIncentives

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Airbus, Air France found guilty of manslaughter over 2009 Atlantic crash

PARIS: Paris’ appeals court Thursday found Air France and Airbus guilty of involuntary manslaughter over the 2009 crash of a Rio-Paris flight that killed 228 people, the worst disaster in France’s aviation history. The Paris Court of Appeal ruled …

#Airbus #AirFrance #Manslaughter

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Russia flexes nuclear muscles as tensions rise with NATO

MOSCOW: Russia on Thursday delivered nuclear munitions to field facilities in Belarus and showcased elements of its strategic nuclear forces, as tensions with European NATO members rose over the Ukraine war and drone activity in the Baltic. Moscow…

#Russia #NATO #NuclearMuscles

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23 terrorists killed in KP operations, says ISPR

Security forces killed 23 terrorists during a series of intelligence-based operations in different areas of Khyber Pakhtunkhwa over the last 48 hours, the military’s media wing said on Thursday. According to the Inter-Services Public Relations (IS…

#Peshawar #PakArmy

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Petroleum levy should not be a fiscal tool, says forum

The Parliamentary Forum on Energy and Economy on Thursday warned that steep increases in the Petroleum Development Levy (PDL) have significantly fuelled inflation, disproportionately burdened low‑income households, and exposed deep structural fail…

#PetroleumLevy #FiscalPolicy

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Trump says US doesn’t want tolls on Strait of Hormuz

WASHINGTON: President Donald Trump said on Thursday that the United States does not want tolls on the Strait of Hormuz and will retrieve Iran’s stockpile of highly enriched uranium. “We will get it. We don’t need it, we don’t want it. We’ll probab…

#Trump #StraitofHormuz

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SBP-held forex reserves jump above $17bn on IMF inflows, Panda Bonds

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.214 billion on a weekly basis, reaching $17.081 billion as of May 15, 2026, according to data released by the central bank on Thursday. The country’s total liquid f…

#SBP #ForexReserves #IMF

Business Recorder

Trump vows US will retrieve uranium from Iran

WASHINGTON: President Donald Trump vowed on Thursday that the United States will eventually recover Iran’s stockpile of highly enriched uranium despite comments from Iran that it will not hand over the material. “We will get it. We don’t need it, …

#DonaldTrump #Iran #Uranium