BERLIN: Germany manager Julian Nagelsmann has extended his contract until the conclusion of the next World Cup in 2026, the German Football Association (DFB) said on Friday. Nagelsmann replaced Hansi Flick as Germany coach last September and had initially signed a contract to the end of Euro 2024, which Germany will host in June. The 36-year-old has enjoyed a mixed …

LONDON: Arsenal have no time to dwell on their Cham­pions League exit as they return to Premier League action this weekend with the chance to reclaim top spot. Manchester City were the big winners last week, hammering Luton Town 5-1 before Arsenal and Liverpool both lost, and are now firm favourites to claim an unprecedented fourth straight English top-flight title. …

LAHORE: Pakistan will announce new set of coaches for red and white ball formats for the national team by the end of this month, an official of the country’s cricket board official told the Press Trust of India news agency on Friday. The Pakistan Cricket Board (PCB) also confirmed that besides South Africa’s Gary Kirsten and Australia’s Jason Gillispie, the board had …

Elon Musk postponed a planned trip to India, where he would meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year. “Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year,” Musk posted on …

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose 28.54 per cent on an annual basis in the week ending April 18, official data showed on Friday. It was the lowest year-on-year increase after Sep 14, 2023. However, it witnessed a 0.79pc week-on-week decl­i­ne despite a spike in petroleum prices. The weekly inflation hit a record 48.35pc year-on-year …

KARACHI: Within a week, the government borrowed over Rs650 billion from banks to meet its rising expenditure, reflecting the consequence of high inflation. The State Bank of Pakistan (SBP) data showed that the government’s borrowing from commercial banks reached a record Rs5.5 trillion from July 1 to April 5, 2023-24. This is against Rs2.95bn in the same period last fiscal …

KARACHI: Snapping the three-day bearish spell on Friday despite mounting geopolitical tensions, the Pakistani stocks staged a surprise robust rally, tossing the benchmark KSE 100 index near 71,000. Speaking to Dawn, Arif Habib Ltd Head of Research Tahir Abbas said the ongoing process to secure another bailout package was the key bullish factor as staying in the IMF programme would ensure …

ISLAMABAD: Amid warnings about supply chain challenges and ret­ail prices increasing by up to Rs27 per litre in Gilgit-Baltistan, the major oil sector stakeholders — the regulator and the industry — have proposed gradual deregulation of petroleum prices over a period of two years to avoid the political pressure associated with pricing. The government has also been advised to end …

Defence Minister Khawaja Asif said on Friday that most of the Pakistani passengers stranded at Al Ain Airport following this week’s record-breaking storm in the United Arab Emirates were evacuated. The storm pounded the UAE on Tuesday, with 20 reported dead in Oman and one in the UAE. The UAE saw its heaviest rains in the 75 years that records have been …