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Pakistan’s ex-PM to face court after arrest sparks violence

Protests erupt in pakistan after ex premier khan's arrest

BLOOMBERG Pakistan opposition leader Imran Khan appears at an anti-graft tribunal after his dramatic arrest sparked violent clashes and prompted his supporters to protest outside the military’s headquarters. Khan was arrested by paramilitary troops on the orders of the National Accountability Bureau (NAB), an autonomous anti-graft agency, in relation to a case involving a land deal. He was moved to ...

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Italy intends to exit China Belt and Road pact

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BLOOMBERG Italy has signalled to the US that it intends to pull out of a controversial investment pact with China before the end of the year. Italian Prime Minister Giorgia Meloni reassured US House Speaker Kevin McCarthy during a meeting in Rome that while a final decision hasn’t been taken, her government is favouring an exit from its role in ...

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Ukraine reports local breakthrough in Bakhmut

Ukrainian servicemen at a frontline position in the donetsk region

BLOOMBERG Ukraine said troops pushed back Russian forces near Bakhmut in the eastern Donetsk region, though the Russian Defense Ministry said its units were advancing in the west and northwest of the devastated town. Ukraine advanced 2.6 kilometres into Russian-held areas near Bakhmut along a 3 kilometre stretch of front line, according to Andriy Biletskyi, a commander of the brigade ...

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Warren Buffett’s Japan trading house stock picks hit record highs

Us finance buffett politics

BLOOMBERG Shares of the Japanese trading companies that Warren Buffett has invested in reached record levels this week after announcing earnings and buybacks. Mitsubishi Corp, the largest, surged as much as 6% to an all-time high after announcing plans to repurchase $2.2 billion worth of shares along with a better-than-expected profit target for the fiscal year through March 2024. Peers ...

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Stocks decline as caution prevails before US CPI data

Traders work on the floor of the nyse in new york

BLOOMBERG Stocks edged lower as cautious investors assessed the latest crop of earnings and awaited a US inflation report for insights on the path of Federal Reserve rate hikes. Contracts for the S&P 500 and the Nasdaq 100 retreated, with Airbnb Inc sliding 13% in premarket trading after the vacation home-rental company gave a cautious forecast for revenue in the ...

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Hale Ivy Insider: Back with A Bang

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ABU DHABI  / GULF TIME Hale is proud to announce its Seventh Annual Ivy Insider: A Conversation with Students and US University Experts at the iconic Hilton Palm Jumeirah. We have an incredible line-up of inspirational talks from panelists consisting of graduating seniors ready to share valuable insight into their challenges and successes throughout their admissions journey. Current and prospective ...

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Q2 Market Outlook: FOREX.com analysts remain cautiously optimistic

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DUBAI / GULF TIME There’s no doubt that 2023 has been lively so far. Equity and commodity traders were quick to rejoice on news of China’s reopening in early January, whilst Yen traders were treated to an out-of-meeting policy adjustment which gave currency markets a jolt. And whilst geopolitical tensions have somewhat receded, they have now been replaced with fears ...

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Passenger traffic at DXB reaches 95.6% of 2019 levels in Q1

Anchor passenger

DUBAI / WAM Traffic at Dubai International (DXB) has reached 95.6% of 2019 levels with passenger numbers exceeding 21.2 million in the first quarter of the year. This follows DXB’s strong showing in 2022, during which the airport clocked 66 million passengers to retain its position as the world’s busiest international hub for the ninth year running. DXB’s passenger traffic ...

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