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Monthly Archives: June 2024

COMMENT: Something must change, for the sake of cricket


June 20, 2024

HOW do you solve a problem like Pakistan cricket? The 2024 T20 World Cup hardened the notion that Pakistan can no longer rank itself among the world’s premier teams. The Pakistan of Babar Azam, in the format that the cricket board prioritises, is a second tier outfit, swimming with the minnows instead of battling with the elite of international cricket. Worse …

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Germany ease past Hungary to reach last 16 at Euros, Albania hold Croatia


June 20, 2024

STUTTGART: Jamal Mus­iala and Ilkay Gundogan scored as hosts Germany became the first team to qualify for the last 16 of Euro 2024 on Wednesday after beating Hungary 2-0 in Stuttgart while Albania snatched a stoppage time equaliser for a stunning 2-2 draw against Croatia. Musiala struck for the second game running midway through the first half, much to the …

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Remarkable Ferguson sees NZ bow out with PNG thrashing


June 20, 2024

TAROUBA: Lockie Ferguson returned the remarkable figures of three wickets for no runs in his maximum four overs as already-eliminated New Zealand bowed out of the T20 World Cup with a seven-wicket win over Papua New Guinea in Trinidad on Monday. The 33-year-old fast bowler’s haul was the most economical in any T20 World Cup match. But Ferguson’s superb analysis came too …

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South Africa beat USA despite Gous fireworks


June 20, 2024

NORTH SOUND: Quinton de Kock hit a blistering half-century as South Africa defeated a battling United States by 18 runs in their opening T20 World Cup second-round clash on Wednesday. The Proteas piled up 194-4 off their 20 overs after being put into bat before restricting the USA to 176-6 as the Super Eights stage got underway at the Sir …

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Microsoft’s ‘AI PCs’ hit the market


June 20, 2024

TORONTO: A new line of personal computers (PCs) specially made to run artificial intelligence (AI) programmes hit stores on Tuesday, as tech companies push toward wider adoption of ChatGPT-style AI. Microsoft unveiled last month the new AI-powered personal computers, or “AI PCs”, which will use the company’s software under the Copilot Plus brand. The idea is to allow users to …

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Indian financial watchdog imposes $2.25m penalty on crypto exchange Binance


June 20, 2024

India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.25 million on the world’s largest crypto exchange, Binance, for operating in the country in violation of local anti-money laundering regulations. India requires virtual digital asset service providers like crypto exchanges to be registered with the FIU as a reporting entity and comply with its anti-money laundering rules. Binance did …

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Shares at PSX surge to all-time high on rating agencies’ dovish outlook


June 20, 2024

Bulls continued their stampede post-Eid as shares at the Pakistan Stock Exchange (PSX) climbed more than 1,700 points in intraday trade to reach an all-time high, which analysts attributed to the “dovish outlook” of rating agencies for the country. The benchmark KSE-100 index gained 1738.81, or 2.27 per cent to stand at 78,445.58 — an all-time high — from the …

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Ginners mull strike against tax hikes


June 20, 2024

LAHORE: As if unfavourable weather, low crop yield and poor than expected produce rates were not enough, further hammering of cotton growers is in store as ginners are likely to go on strike pending a final decision on Sunday. An urgent meeting of the general body of the Pakistan Cotton Ginners Association (PCGA) has been convened at Sukkur on June …

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UAE biggest wealth magnet for third straight year


June 20, 2024

KARACHI: Not only Pakistanis but millionaires from the entire world are heading towards Dubai, making the United Arab Emirates the biggest wealth magnet, reported CNBC on Tuesday. The UAE is set to lead for the third year in a row as the world’s top destination for the wealthy, expecting to see a record-breaking inflow of 6,700 millionaires by year’s end, according to …

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