US electric carmaker Fisker said it filed for bankruptcy Monday, citing inflation woes and production problems. Fisker is in “advanced discussions with financial stakeholders” over the sale of its assets, according to a company statement announcing the bankruptcy proceedings published overnight into Tuesday. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that …

Highly pathogenic avian influenza has spread to a seventh poultry farm near Melbourne, the government of Australia’s Victoria state said on Monday. Six of the properties have an H7N3 flu strain and a seventh has an H7N9 strain, it said. Neither is the H5N1 type of avian flu that has infected billions of wild and farmed animals globally and raised fears …

Cricketer-turned-analyst Ahmed Shehzad has said that Pakistan head coach Gary Kirsten’s alleged remarks on disunity within the squad in the aftermath of the team’s humiliating exit from World Cup 2024 were “not shocking at all”. According to a Geo Super report based on sources, Kirsten reprimanded the team for their poor performance at the tournament where Pakistan, the 2009 champions and runners-up …

Kane Williamson has stepped down as captain of New Zealand’s white-ball teams and opted out of a national contract for the 2024/25 season following the Black Caps’ early exit from the T20 World Cup. Williamson’s decision marks the end of an era for a New Zealand team which made the semi-finals of the previous three T20 World Cups and the 2021 final but ultimately …

The global ratings agency Fitch on Wednesday said that the federal budget for fiscal year (FY) 2025 “strengthens prospects for an IMF deal”. The government presented the budget for the next year on June 12, which contained an ambitious tax revenue target of Rs13 trillion rupees ($47 billion) for the year starting July 1, a near-40 per cent jump from the …

Pakistan used to be the richest country in South Asia. Today, it is near the bottom, with India, Bangladesh, and Sri Lanka far ahead. Our government’s tax and expenditure policies haven’t catered to our people’s economic welfare for decades. But then, neither have our education, health, or other policies. Therefore, we need to fundamentally change our governance. This budget, the …

President Joe Biden on Tuesday will announce a program offering a path to citizenship to hundreds of thousands of immigrants in the US illegally who are married to US citizens, a large-scale legalization effort that contrasts sharply with Republican rival Donald Trump’s plan for mass deportations. The program, which will roll out in coming months, will be open to an …

Russian President Vladimir Putin vowed on Tuesday to deepen trade and security ties with North Korea and to support it against the United States, as he headed to the reclusive nuclear-armed country for the first time in 24 years. The US and its Asian allies are trying to work out just how far Russia will go in support of North …

Diplomats on Tuesday said at least 550 pilgrims died during the Haj, underscoring the gruelling nature of the pilgrimage which again unfolded in scorching temperatures this year. At least 323 of those who died were Egyptians, most of them succumbing to heat-related illnesses, two Arab diplomats coordinating their countries’ responses told AFP. “All of them (the Egyptians) died because of heat” except for …