Business Recorder

Trump blames Iran for helicopter attack, says US must respond

WASHINGTON: President ‌Donald Trump on Tuesday said Iran shot down ​a US Apache helicopter ​that was patrolling the ⁠Strait of Hormuz ​overnight and vowed to respond, ​but gave no other details. “I have just been ​informed by our ​Great Military t…

#USPresident #MiddleEastTension #AyatollahKhamenei

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Indian economy, government finances, see mounting costs from Iran war

NEW DELHI: A few months ago, India’s economy was humming along nicely. Inflation was benign and growth was steady – the strongest among the world’s leading economies. Now, India is increasingly counting the cost of the Iran war, which economists s…

#India #MiddleEastTension #OilPrices

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India overtaken as South Korea, Taiwan ride AI wave

BENGALURU: The Indian equity market’s sudden drop to seventh in the global market cap rankings has sent shudders through Dalal Street, with AI singled out as a decisive factor. But does blame lie solely with India’s lack of AI champions, or are th…

#India #SouthKorea #Taiwan #AIwave

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ICC rates Gaddafi, Lord’s pitches as ‘unsatisfactory’

The International Cricket Council (ICC) has rated the pitches used for the third One-Day International between Pakistan and Australia at Gaddafi Stadium and the first Test between England and New Zealand at Lord’s as “unsatisfactory”, awarding one…

#Lahore #GaddafiStadium #ICC

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Soldier martyred, 14 terrorists killed in Balochistan operation: ISPR

Security forces killed 14 terrorists linked to the Indian proxy group “Fitna al Hindustan” during an intelligence-based operation (IBO) in Balochistan’s Basima area, while a soldier embraced martyrdom during the exchange of fire, the military’s me…

#Balochistan #ISI

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India’s gold tariff hike fuels smuggling revival, squeezes banks and refiners

MUMBAI: India’s sharp increase in gold import tariffs is fuelling a resurgence in smuggling that could exceed 100 metric tons this year, as soaring grey market margins allow smugglers to undercut banks and refiners of the precious metal, industry …

#OilPrices #Gold

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US Energy Secretary says ship traffic through Strait of Hormuz rising ‘very meaningfully’

WASHINGTON: U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic through the Strait of Hormuz is rising “very meaningfully” as the conflict with Iran continues. “I would say rising very meaningfully,” Wright said when asked how shi…

#StraitOfHormuz #OilPrices

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Bahrain National Guard commander meets Pakistan military leadership, discusses defence cooperation

Commander of the Bahrain National Guard, H.H. General Shaikh Mohammad Bin Isa Bin Salman Al Khalifa, called on Field Marshal Syed Asim Munir at the General Headquarters (GHQ) in Rawalpindi on Tuesday, with both sides discussing regional security a…

#Bahrain #DefenseCooperation

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US stocks rise as oil prices pull back

NEW YORK: Wall Street stocks bounced early Tuesday behind gains in tech shares as oil prices retreated after US President Donald Trump again said an Iran peace deal could be close. Crude prices were down more than two percent after Trump said a pe…

#WallStreet #OilPrices #FuelCrisis

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PM Shehbaz consults agriculture stakeholders ahead of budget, announces reform push

Prime Minister Shehbaz Sharif on Monday held a meeting with key stakeholders from Pakistan’s agriculture sector ahead of the federal budget for fiscal year 2026-27, seeking recommendations to accelerate growth and unlock the sector’s economic pote…

#ShehbazSharif