LONDON: Arsenal and Liverpool’s Premier League title hopes suffered a massive blow as both the teams lost their respective matches and surrendered the initiative to Manchester City on Sunday. The Gunners should have been on a high after Liverpool suffered a shock 1-0 defeat against Crystal Palace just half an hour before kick-off in north London but Aston Villa struck …

Do you know that Singapore earned $291 billion through services exports in 2022? The United Arab Emirates (UAE) and Turkiye followed with their earnings of $155bn and $90bn, respectively, according to a World Bank report. Pakistan can learn a lot from these three nations and from China and India — the two Asian giants. Combined, the five countries boast an …

For the better part of the last 15 years, Pakistan has faced serious economic troubles. Even during the supposedly good times, the alarm bells were quite clear. Lately, we have truly learned the meaning of rock bottom through a series of ‘firsts’. Be it the highest inflation in our history, interest payments exceeding federal revenues or another indicator of your …

The Kalri Baghar (KB) Feeder Upper lining project — an important component of the Karachi Greater Bulk Water Supply Scheme (K-IV) project — is yet to start its development after being approved in July 2023 by the Executive Committee of the National Economic Council (Ecnec). The K-IV project itself is facing delays and is now slated for completion in 2025, …

WASHINGTON: Finance Minister Muh­ammad Auran­gzeb arrived in Washington on Sunday with his team to participate in the IMF and World Bank’s spring meetings and initiate talks on a new financial package ranging from $6 billion to $8 billion. The IMF ministerial meetings and events are scheduled for April 17-19, with additional activities planned from April 15-20. Mr Aurangzeb and his team have …

BEIJING: German Chancellor Olaf Scholz arrived in China on Sunday, kicking off a trip in which he faces a tough balancing act as he aims to shore up economic ties with Berlin’s biggest trading partner. Scholz touched down in the southwestern megacity of Chongqing on Sun­day morning, Chinese state broadcaster CCTV said, accompanied by a large delegation of ministers and business executives. …

MOSCOW: Floodwaters in southern Russia on Sunday threatened to submerge thousand more homes in the Kurgan region, where the governor predicted a “very difficult situation” in the coming hours. There is widespread flooding in the Russian Urals regions and neighbouring Kazakhstan, caused by melting ice swelling rivers, exacerbated by heavy rainfall. In Kazakhstan, more than 107,000 people have been evacuated from their …

SCHNECKSVILLE: Donald Trump’s mounting legal woes are just more reason to stick behind the former president, his ardent supporters said on Saturday, just days before the Republican leader’s historic criminal trial gets underway in New York. Gathered in the small Pennsyl­vania town of Schnecksville, his impassioned backers said they believe Trump will come out of the proceedings stronger than ever. …

LONDON: He’s failed to meet key pledges, hit an opinion poll low, and even cramped the style of a popular Adidas shoe: Britain’s beleaguered Conservative leader Rishi Sunak appears destined to lose a looming general election. Two tax cuts and a slightly improving economy have failed to boost Sunak’s political fortunes, while criticism from ex-prime minister Boris Johnson and speculation over …

JAKARTA: At least 19 people have been found dead and two more are missing after a landslide in central Indonesia, local authorities said on Sunday. The dead and two survivors were evacuated from two landslide-hit villages in Tana Toraja regency, South Sulawesi province on Saturday evening, said local disaster agency head Sulaiman Malia. “There have been 19 fatalities, with 4 …