The European Union’s drug regulator will this week consider wider use of Novo Nordisk’s weight-loss drug Wegovy to include reducing the risk of strokes and heart attacks. Approval could help the Danish drugmaker better argue its case for making the drug available via public sector health systems in Europe. The possible new use of Wegovy, based on a drug trial …

Netflix on Tuesday blew past Wall Street subscriber estimates in the fourth quarter, driven by a strong slate of shows that included the final season of the long-running royal drama “The Crown” and David Fincher’s original film, “The Killer.” The company reported it added 13.1 million subscribers in the December quarter, its largest-ever fourth-quarter subscriber growth, handily exceeding projected gains …

KARACHI: The Sindh High Court (SHC) on Wednesday ordered authorities concerned to ensure undisrupted internet services across the country until elections 2024.  The orders were passed by the Sindh High Court while hearing a plea against frequent disruption of internet services in Pakistan. The Interior Ministry, IT Ministry and Pakistan Telecommunication Authority (PTA) were made respondents in the plea. The high court …

DOHA: Palestine and Syria qualified for the knockout stages of the Asian Cup for the first time on Tuesday with victories in their last group matches. Palestine wrapped up their Group ‘C’ campaign in style with a 3-0 win over Hong Kong after Oday Dabbagh grabbed a double, securing their spot in the last-16 as one of the four best …

MELBOURNE: Novak Djokovic and Coco Gauff were both made to toil for semi-final places on a blazing Tuesday at the Australian Open but organisers were spared a ridiculously late finish as Aryna Sabalenka and Jannik Sinner roared through the night session. Two epic battles in the afternoon meant defending women’s champion Sabalenka did not walk onto Rod Laver Arena until …

LAHORE: Shah Khawer, the current election commissioner of the Pakistan Cricket Board (PCB), is set to take on the role of the board’s acting chairman on Wednesday. His primary responsibility lies in overseeing the elections for a regular PCB chairman for a three-year tenure. However, concerns arise over the potential implications of holding these elections prior to the impending general …

KARACHI: The benchmark Karachi Interbank Offered Rate (Kibor) has again started crawling up as chances of a reduction in the key interest rate by the State Bank of Pakistan in its monetary policy review on Jan 29 seem unlikely due to elevated inflationary pressures. Kibor is a market-determined average interest rate at which banks lend to one another in the …

The bull took charge at the Pakistan Stock Exchange (PSX) on Wednesday as shares climbed over 300 points on positive investor sentiment. According to the PSX website, at 12:04pm, the benchmark KSE-100 index climbed 512.78 points, up by 0.8 per cent, to stand at 64,967.0 from the previous close of 64,454.22. The bourse retracted marginally and closed at 64,822.43, up by …

KARACHI: Bullish sentiments prevailed in the stock market for the second consecutive session as trade activities through the Torkham border resu­med with Afghanistan aft­er remaining suspended since Jan 13, propelling the KSE-100 index above the 64,000-point level on Tuesday. Topline Securities Ltd said equities experienced significant volatility as the benchmark KSE 100-share index hit an intraday low of 389.80 points …

ISLAMABAD: The federal cabinet on Tuesday formed a new inter-ministerial committee to come up with final recommendations on restructuring the Federal Board of Revenue (FBR) within a tight deadline of four days to minimise differences among different tax groups. The proposed reforms were developed in closed-door consultation with a select group of people led by Caretaker Finance Minister Shamshad Akhtar. …