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The widow of Alexei Navalny said Wednesday that two independent labs have found that her husband was poisoned shortly before his death in a Russian prison.Navalny, who crusaded against official corruption and staged massive anti-Kremlin protests as President Vladimir Putin’s fiercest foe, died in the Arctic penal colony in February 2024. He was serving a 19-year sentence that he believed to be politically motivated.Authorities said that the politician became ill after a walk but have otherwise given few details on his death. He was 47.In a video released Wednesday, Yulia Navalnaya said that biological samples from Navalny’s body had been…

Federal Reserve officials meet on Tuesday and Wednesday in a pivotal meeting under unprecedented circumstances.   It is expected that monetary policymakers, at the conclusion of their two-day meeting on Wednesday, will announce the first interest rate cut since December, in an attempt to support the slowing U.S. labor market, with hopes that the broad tariffs imposed by President Donald Trump will have only a limited impact on inflation.   But there is an “elephant in the room” occupying discussions about the U.S. economy: Trump’s intense effort to reshape the top of the Federal Reserve.   The Senate on Monday…

Indus Motor Company Limited (INDU), the assembler of Toyota vehicles in Pakistan, has cautioned that easing used car imports under the National Tariff Policy (2025–30) could disrupt the country’s auto sector. The automaker gave its views in its annual report, made available to the Pakistan Stock Exchange (PSX), on Wednesday. “The National Tariff Policy (2025–30) targets tariff rationalisation and trade liberalisation in line with global practices. While well-intentioned, measures such as eliminating duties and easing used car imports risk disrupting Pakistan’s auto industry, weakening supply chains, and threatening jobs and economic stability in the near to medium term,” INDU said.…

Ahead of an anticipated interest rate cut from the US Federal Reserve this week, the offshore yuan strengthened past a rate of 7.1 against the US dollar for the first time in nearly a year – another milestone reached in a gradual shift of China’s monetary policy that has seen the currency gain ground over the last month.On Wednesday morning, the offshore yuan reached 7.0999 per US dollar, its strongest showing since November. It was trading at 7.1027 as of Wednesday afternoon.The People’s Bank of China set the yuan’s midpoint rate, also known as the fixing rate, at 7.1013 per…

Ahead of an anticipated interest rate cut from the US Federal Reserve this week, the offshore yuan strengthened past a rate of 7.1 against the US dollar for the first time in nearly a year – another milestone reached in a gradual shift of China’s monetary policy that has seen the currency gain ground over the last month.On Wednesday morning, the offshore yuan reached 7.0999 per US dollar, its strongest showing since November. It was trading at 7.1027 as of Wednesday afternoon.The People’s Bank of China set the yuan’s midpoint rate, also known as the fixing rate, at 7.1013 per…

Zimbabwean President Emmerson Mnangagwa’s attendance at this month’s military parade in Beijing highlighted long-standing ties with China, forged during the African nation’s liberation struggle.More than two dozen world leaders joined the Victory Day event in Tiananmen Square on September 3, when China put its military might on display.Mnangagwa was one of just two leaders from Africa to attend the parade, along with Congo-Brazzaville President Denis Sassou-Nguesso.The following day, when Mnangagwa met Chinese leader Xi Jinping, the two nations elevated ties to an “all-weather community with a shared future”.Xi described China’s “five-star ironclad” friendship with Zimbabwe as a model for the…

Systems Limited informed on Wednesday that it was considering a potential acquisition of Information Technology (IT) services business. The company shared this in a notice to the Pakistan Stock Exchange (PSX) today. It said that the acquisition is subject to finalization of negotiations of commercial terms, completion of due diligence, execution of definitive agreements and receipt of regulatory approvals. The listed company also informed that bourse that in its board meeting, Fayez Qamar Rasheed was appointed as the Company Secretary of Systems Limited. Earlier, Systems had announced its intention to incorporate a new company in the UK region. Systems Limited…

With European nations poised to symbolically recognise Palestinian statehood, Israel and the United States have ramped up their religious rhetoric, which analysts say is heightening tensions and deepening divisions across the West and Middle East alike.In an interview with the Jerusalem Post published the same day, Netanyahu argued that Israel’s greatest challenges stemmed from “radical Muslim minorities” influencing European policy towards his country, as well as investments made by “hostile countries like Qatar in influencing global discourse”.Netanyahu claimed that “various entities and countries, led by Qatar” were attempting to impose an economic blockade on Israel, including “a media blockade funded…

First National Equities Limited (FNEL) announced on Wednesday that its subsidiary, FNE Developments (Pvt.) Ltd will undertake a landmark real estate and tourism project at Pearl Resorts in collaboration with Neelishang Hills and Hashoo Group, envisioned as Pakistan’s premier hill station and flagship luxury destination. The company informed this in a notice to the Pakistan Stock Exchange (PSX) today. It said that Pearl Resorts is envisioned as Pakistan’s premier hill station and flagship luxury tourism destination and the project is expected to “generate robust and recurring revenue streams, positioning FNEL to capture significant value creation over the long term”. “This…

A money-supply metric is signalling the same liquidity environment that was seen before the two biggest-ever rallies in Chinese stocks, suggesting that the current bull run has more room, according to Nomura Holdings.The spread between M2 growth and aggregate social financing growth turned positive in August after starting to rise in March, indicating improved liquidity for equities, analysts led by Jin Song and Ting Gao at the Japanese brokerage firm said in a report on Tuesday. M2, referring to all term and demand deposits, is a proxy for money supply, while aggregate social financing represents demand for capital in the…