Business Recorder

Trump says US helicopter pilots who went down in Strait of Hormuz are fine

WASHINGTON/DUBAI: President Donald Trump said on Tuesday that two U.S. pilots were “fine” after their helicopter crashed near the Strait of Hormuz , following a report that the crew of an Apache gunship had been rescued after going down close to t…

#USHelicopter #StraitofHormuz

Business Recorder

Somali soccer referee denied US entry, will miss World Cup debut

The United States has denied entry to soccer referee Omar Abdulkadir Artan, who had been expected to be the first Somali to officiate at a match in the World Cup. A FIFA spokesperson said Artan would not be able to train and officiate at the World…

#SomaliSoccer #WorldCup

Business Recorder

Emirates will not cut flights despite Middle East war pressures

BERLIN: Emirates has no plans to cut capacity despite financial pressures from the war in the Middle East, its president Tim Clark said on Tuesday, as the airline presses for Berlin traffic rights. The airline continues to route passengers through…

#Emirates #MiddleEastWar

Business Recorder

Shakarganj Limited appoints CEO, chairman

Shakarganj Limited (SML) announced on Tuesday key appointments in the company. The information was disclosed in a notice to the Pakistan Stock Exchange today. “The Board of Directors of the Company, in its meeting held on 9 June 2026, has appointe…

#ShakarganjLimited #CEO

Business Recorder

Gold per tola gains Rs2,830 in Pakistan

Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local market, gold price per tola reached Rs455,063 after a gain of Rs2,830 during the day. Similarly, 10-gram gold was sold at Rs389,534 afte…

#GoldPrices

Business Recorder

Iran says ticket allocation for World Cup withdrawn days before tournament

Iran’s football federation said on Tuesday its ticket allocation had been pulled just days before the World Cup starts, leaving supporters who had already made travel plans unable to attend their team’s matches. The World Cup begins on Thursday, w…

#Iran #WorldCup

Business Recorder

India’s TCS chair says AI agents may equal headcount, dampen hiring

BENGALURU: India’s largest software services exporter Tata Consultancy Services expects IT companies to slow down hiring, as the company moves towards having an equal number of employees and AI agents in its workforce, Chairman N Chandrasekaran sa…

#AI #TCS

Business Recorder

JGBs rally on report Bank of Japan to consider pausing bond-buying taper

TOKYO: Japanese government bonds rallied on Tuesday, reversing earlier declines, following a report that the central bank will consider pausing a reduction in its regular debt purchases next year. The benchmark 10-year JGB yield fell 5 basis point…

#JGBs #BankOfJapan #OilPrices

Business Recorder

Gold rises on weaker oil; inflation, rate outlook in focus

Gold prices firmed on Tuesday, supported by softer oil prices following a fragile Israel-Iran truce, while focus was also on inflation and interest rate hike risks. Spot gold was up 0.4% at $4,345.71 per ounce, as of 0602 GMT. In the previous sess…

#GoldPrices #OilPrices

Business Recorder

Govt ‘likely’ to present FY2026-27 budget on Friday, says minister

The government is ‘likely’ to announce the federal budget for the fiscal year 2026-27 in the parliament on June 12 (Friday), said Parliamentary Affairs Minister Tariq Fazal Chaudhry on Tuesday. In a post on the social media platform X, the ministe…

#FederalBudget #Budget2026