Author: admin

Gold prices rose in European trading on Monday, moving into positive territory for the first time in three sessions as the US dollar’s advance paused in the foreign-exchange market.   The shift came after less hawkish comments from several Federal Reserve officials boosted expectations for a December rate cut, ahead of Tuesday’s delayed US inflation data.   Price Overview   • Gold prices today: Gold climbed 0.35% to 4,077.74 dollars from an opening level of 4,065.23 dollars, after touching a low of 4,040.25 dollars.   • On Friday, gold slipped 0.3%, marking a second straight daily loss under pressure from…

LONDON (AP) — The BBC’s chairman acknowledged Monday that it was too slow in responding over a misleading edit of a speech by U.S. President Donald Trump but rejected claims that the broadcaster’s impartiality was being undermined from within its own board. Senior BBC leaders were quizzed by Parliament’s Culture, Media and Sport Committee amid a major crisis at the publicly funded corporation after its director general and head of news both quit earlier this month and Trump threatened to file a billion-dollar lawsuit.The BBC drew Trump’s ire — and deep public scrutiny — after an internal memo compiled by…

Pakistan Engineering Company Ltd. (PECO) has appointed Abdul Shabbir Khan Khattak as its new Managing Director (MD), following his posting by the Ministry of Industries and Production. PECO disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “We wish to inform you that Abdul Shabbir Khan Khattak is posted/appointed as MD of PECO through the Ministry of Industries and Production (MoIP) letter no. 1(1)/2022-LED-III dated 07-11-2025,” read the notice. “The Board of Directors of PECO, in its 228th meeting held on 22-11-2025, ratified the aforementioned appointment in accordance with section 188 of the Companies Act,…

The US is poised to supply Saudi Arabia with its most advanced F-35 stealth fighter jets, a move that analysts say reflects a new era of Middle East policy in which countering Chinese influence is fast becoming as important for Washington as maintaining Israeli military superiority.It would make Saudi Arabia only the second country in the region, after Israel, to operate the fifth-generation jet.US President Donald Trump announced the decision following a meeting with Saudi Arabia’s visiting Crown Prince Mohammed bin Salman last week. Yet Israel has so far played down the implications, even after Trump’s confirmation that Riyadh would…

The strong debut of Qwen, launched last week, augured well for the Chinese tech conglomerate’s efforts to establish a major AI assistant that would rival the performance of Google’s Gemini chatbot and ChatGPT, both of which are not available in mainland China.The Hong Kong-listed shares of Alibaba, owner of the South China Morning Post, gained 4.67 per cent to close at HK$154.50 on Monday. Alibaba’s latest quarterly financial results are set to be released on Tuesday.Qwen marked “Alibaba’s most significant step yet into the consumer AI market, aiming to transform its cutting-edge foundational AI model capabilities into real-life applications and…

In a move to boost national exports, Prime Minister Shehbaz Sharif on Monday directed authorities to abolish the Export Development Surcharge imposed on exporters. The development came during a review meeting held under the chairmanship of PM Shehbaz on the recommendations of the sub–working group established to enhance the country’s exports, read a statement released by the Prime Minister’s Office (PMO). The sub-working group established in October to increase national exports presented its recommendations during the meeting after conducting sector-specific research. Chairperson of the sub-working group, Musaddiq Zulqernain, presented the recommendations in the presence of all members. The prime minister…

A joint declaration at the Cop30 summit in Brazil – reached without United States participation after Washington again pulled out of the Paris climate pact – has kept fragile climate cooperation alive for the Global South, even as the talks fell short of a fossil fuel phase-out.Observers said the outcome revealed both the limits of a strained multilateral system and the room that still existed for developing nations to influence the global energy transition, with several pointing to the UN climate change summit’s finance pledges and new institutional mechanisms as signs of cautious progress.The Cop30 summit, which was due to…

John Lam, UBS’ head of China property research and a long-time contrarian, is retreating from his earlier bullish calls and joining his Wall Street peers in predicting that the country’s four-year real estate downturn is far from over.Lam said he expected home prices to fall for at least another two years before a recovery in mainland China’s beleaguered residential property market could take hold. One reason was that potential buyers were increasingly opting to rent properties while prices were declining, he noted in a report earlier this month.“People who bought homes in the past decade may all be loss making,”…

John Lam, UBS’ head of China property research and a long-time contrarian, is retreating from his earlier bullish calls and joining his Wall Street peers in predicting that the country’s four-year real estate downturn is far from over.Lam said he expected home prices to fall for at least another two years before a recovery in mainland China’s beleaguered residential property market could take hold. One reason was that potential buyers were increasingly opting to rent properties while prices were declining, he noted in a report earlier this month.“People who bought homes in the past decade may all be loss making,”…

Nvidia blew past all expectations on Wednesday, reporting soaring profits driven by its graphics processing units (GPUs) that excel at powering artificial intelligence workloads. But other classes of AI chips are beginning to gain momentum.   Every major cloud provider is now designing its own application-specific integrated circuits (ASICs), from Google’s TPU to Amazon’s Trainium to OpenAI’s plans with Broadcom. These chips are smaller, cheaper, easier to use, and may reduce those companies’ dependence on Nvidia’s GPUs. Daniel Newman of Futurum Group told CNBC he expects ASIC chips “to grow faster than the GPU market over the next several years.”…