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Rupee’s Performance Against US Dollar Since 04 March 2025 The Pakistani rupee slipped lower against the US dollar, depreciating 0.05% in the inter-bank market on Tuesday. At close, the local currency settled at 281.92, a loss of Re0.15 against the greenback. On Monday, the Pakistani rupee closed the day at 281.77 Globally, the US dollar traded sideways on Tuesday after having glided lower for a week, hemmed in by the Fed’s caution over the economy and as US lawmakers came closer to passing a bill expected to widen the nation’s fiscal deficit. The greenback sold off broadly on Monday following…

Taiwanese leader William Lai Ching-te has pledged to protect interests of the island’s various sectors in its ongoing tariff negotiations with the United States, while standing firm on security amid growing pressure from Beijing.In a speech marking his first year in office on Tuesday, Lai reiterated his call for peace and dialogue with Beijing but emphasised that Taiwan must continue strengthening its defence and self-reliance to ensure security and stability.Facing both external and internal challenges over the past year, Lai has had to navigate tensions with Washington – despite what he described as the “best-ever” US-Taiwan relations – alongside near-daily…

The integrity of South Korea’s judiciary has come under scrutiny as the judge who presided over former president Yoon Suk-yeol’s martial law case faces allegations of unethical conduct.Senior Judge Jee Kui-youn has been accused of frequenting high-end hostess bars and being entertained by individuals allegedly seeking favourable court rulings.Jee leads the three-judge panel overseeing cases involving Yoon, former defence minister Kim Yong-hyun, and other military figures implicated in the botched December 3 attempt to impose martial law.The allegations were raised by opposition lawmakers from the Democratic Party of Korea (DPK), which currently controls the National Assembly. Jee has flatly denied…

GENEVA (AP) — The World Health Organization’s member countries on Tuesday approved an agreement to better prevent, prepare for and respond to future pandemics in the wake of the devastation wrought by the coronavirus. Sustained applause echoed in a Geneva hall hosting the WHO’s annual assembly as the measure — debated and devised over three years — passed without opposition. The treaty guarantees that countries which share virus samples will receive tests, medicines and vaccines. Up to 20% of such products would be given to the WHO to ensure poorer countries have some access to them when the next pandemic…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldPresident Donald Trump’s “big, beautiful” tax bill risks sharply increasing the US public debt, sparking alarm among investors and fuelling questions over how long the world will finance Washington’s largesse.US long-term borrowing costs rose at the start of this week, after a congressional committee on Sunday advanced a budget bill that is estimated to add trillions of dollars to the federal deficit over the next decade by extending tax cuts. The bill progressed after Moody’s on Friday stripped the US…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldJapan’s Nippon Steel has quadrupled its investment pledge in US Steel over the next few years in a major push to win over President Donald Trump and gain approval for the politically fraught takeover.Nippon, whose bid for the American company was blocked by his predecessor Joe Biden and opposed by Trump on the campaign trail, has bumped up its capital commitment to $11bn by 2028, according to two people familiar with the matter.The Japanese company has also promised to add…

One of China’s earliest students of artificial intelligence, now a distinguished and long-serving professor in the field, has returned to work in China after decades as an academic in Australia.Professor Zhang Chengqi, a distinguished professor of AI and former deputy vice-chancellor of the University of Technology Sydney, has taken up the position of chair professor of artificial intelligence at Hong Kong Polytechnic University (PolyU) and director of its Shenzhen Research Institute, according to the university’s website.Zhang, whose research interests focus on distributed AI and data mining, has published more than 350 academic papers, including several in top international journals and…

BERLIN (AP) — A man suspected of attacking and injuring five people outside a bar in Germany has been arrested, and investigators believe the attack may have been “religiously motivated,” authorities said Tuesday.The suspect, a 35-year-old Syrian national identified only as Mahmoud M. in line with privacy rules, was arrested late Monday in Heiligenhaus, near Düsseldorf. Police said tips from witnesses led investigators to the suspect, who was slightly injured while trying to resist arrest.Early Sunday, a man wielding sharp object attacked five men between 22 and 27 outside a bar in the western city of Bielefeld. Four were seriously…

China attracted a significant net capital inflow into its bond and equities markets in April despite US President Donald Trump’s tariff war and can expect more foreign investment in Chinese assets, analysts said.This stands in contrast to market concerns over soaring Treasury yields and the wave of panic selling that followed Moody’s downgrade of the US sovereign credit rating last Friday.The contrasting signals from Washington and Beijing highlight changing global investment dynamics, as more investors continue to move away from US dollar assets since Trump launched his global trade war in early April, according to analysts.“Weaker US dollar, US bond…

Hong Kong stocks rose on Tuesday after China cut key interest rates for the first time in seven months.The Hang Seng Index gained 0.9 per cent to 23,550.74 at 9.55am local time. The Hang Seng Tech Index also added 0.9 per cent. On the mainland, the CSI 300 Index climbed 0.2 per cent and the Shanghai Composite Index added 0.1 per cent.CSPC Pharmaceutical Group advanced 5.2 per cent to HK$6.27 and Sino Pharmaceutical gained 3.7 per cent to HK$4.21. Xiaomi climbed 3.2 per cent to HK$54 and Alibaba Group Holding rose 2.2 per cent to HK$121.80.The People’s Bank of China…