Aberg pulls out of PGA Wells Fargo
WASHINGTON: World number six Ludvig Aberg of Sweden withdrew from this week’s PGA Wells Fargo Championship on Monday with lingering knee soreness only 10 days before the PGA Championship. Aberg, a runner-up at last month’s Masters in his major debut, shared 10th at the Heritage in his most recent start a week after finishing behind […]
Private investment fuels race for nuclear fusion power in US
WASHINGTON: Spurred on by major technological advances and huge private investment, the United States’ nuclear fusion sector could be producing electricity within ten years, industry players say. The process, which powers the Sun, sees two atomic nuclei combine — and release massive amounts of energy. But private companies on Earth are also hoping decades of […]
Sukuk: empowering retail investors
KARACHI: The debut of Pakistan’s inaugural listed sovereign Sukuk in December last year, valued at Rs30 billion, on the Pakistan Stock Exchange (PSX), alongside robust investor interest totaling nearly Rs400 billion, has paved the way for the consistent issuance of Shariah-compliant securities. This momentum could catalyse the creation of innovative Islamic capital market products such […]
High-level Saudi trade delegation arrives in Pakistan
ISLAMABAD: A 50-member high-level Saudi trade delegation led by the Deputy Investment Minister of Saudi Arabia, Ibrahim Almubarak, arrived in Pakistan on Sunday with the aim of exploring various avenues of trade and investment to further strengthen and promote bilateral relations between the two countries. Upon their arrival at Noor Khan Air Base, the Saudi […]
NATO drills show it is preparing for potential conflict with Russia, Moscow says
MOSCOW: NATO’s four-month long military exercises near Russia’s borders, known as Steadfast Defender, are proof the alliance is preparing for a potential conflict with Russia, a spokeswoman for Russia’s Foreign Ministry said on Saturday. The spokeswoman, Maria Zakharova, dismissed accusations by NATO this week that Russia is engaged in hybrid attacks on its member states, saying […]
USA include former Kiwi all-rounder in T20 World Cup squad
WASHINGTON: Co-hosts USA announced Friday their 15-player squad for the T20 World Cup, which includes former New Zealand ODI World Cup runner-up Corey Anderson. The 33-year-old all-rounder played for New Zealand in the 2015 World Cup final defeat against Australia. He last played for New Zealand in 2018 and, after becoming eligible to represent USA […]
Orangutan’s use of medicinal plant to treat wound intrigues scientists
ZURICH: a male Sumatran orangutan named Rakus sustained a facial wound below the right eye, apparently during a fight with another male orangutan at the Suaq Balimbing research site, a protected rainforest area in Indonesia. What Rakus did three days later really caught the attention of scientists. Read: Indonesian ‘house pet’ orangutans rescued by activists […]
ADB, donors agree $5b ADF replenishment; grants also available for Pakistan
TBILISI: Donors and the Asian Development Bank (ADB) have agreed to a replenishment of $5 billion for ADB’s Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8, with Pakistan emerging as a recipient of the grants. The commitment was made during ADB’s 57th annual meeting held in Tbilisi, Georgia, said a press […]