Latest news with #News.Az
See - Sada Elbalad
07-05-2025
- Politics
- See - Sada Elbalad
Pakistan's Punjab Declares State of Emergency after Indian Strikes
Ahmed Emam Pakistani Chief Minister of Punjab, Maryam Nawaz, has announced a state of emergency in the province, placing hospitals and security forces on high alert in response to the missile attack from India. All doctors and medical staff in Punjab's hospitals have had their leaves cancelled, said adding that officers and staff from civil defence and other relevant departments have been called to duty. In a statement, Prime Minister Shehbaz Sharif said that the Pakistani military is taking action against the Indian agreasion, although he did not provide specific details regarding the nature of the response. Reports from Pakistani television, citing security officials, indicated that the Pakistani Air Force successfully intercepted and shot down five Indian fighter jets. According to Reuters, sources revealed that heavy exchanges of fire were occurring between the Indian and Pakistani armies at three different locations along the Kashmir border. Furthermore, Defense Minister Khawaja Muhammad Asif reported that all locations targeted by India were civilian areas rather than militant camps, asserting that India's claim of targeting terrorist facilities was untrue. Pakistani military spokesperson confirmed that the Indian attack resulted in the deaths of at least three individuals and injuries to twelve others. The spokesperson also mentioned that preparations for Islamabad's response to the missile attack are underway, highlighting that at least two mosques were among the targets of the Indian assault. The Pakistani military emphasized that India will face a thorough and decisive retaliation. On the other hand, the Indian military accused Pakistan of breaching the ceasefire agreement in Jammu and Kashmir once again. Reuters reported, based on an Indian military statement, that an operation was conducted to target terrorist infrastructure in both Pakistan and Jammu and Kashmir, resulting in strikes on nine Pakistani positions. The Indian military affirmed that no Pakistani military installations were targeted, adding in a Twitter post, 'Justice has been served.' read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
MTV Lebanon
05-05-2025
- Business
- MTV Lebanon
Oil prices drop as OPEC+ announces plans to boost output
Oil prices slid sharply early Monday after OPEC+ signaled plans to raise production levels. U.S. benchmark crude dropped $2.21, or 3.8%, to $56.08 per barrel in electronic trading on the New York Mercantile Exchange, reflecting market concerns over increased supply. U.S. benchmark crude oil sank $2.21 or 3.8% to $56.08 per barrel in electronic trading on the New York Mercantile Exchange, reports, citing foreign media. Brent crude, the international standard, lost $2.14 to $59.15 per barrel. During the weekend, the OPEC+ group of eight nations announced it will raised its output by 411,000 barrels per day as of June 1, stepping up production increases. The group said strong fundamentals were behind the decision, though analysts also speculated that it might reflect a desire to curry favor with U.S. President Donald Trump before he makes a visit to the Middle East later this month. Prices have fallen nearly 20% in the past three months as traders have factored in the likely impact of U.S. President Donald Trump's trade policies on the global economy. 'Washington wants cheap energy, and Gulf producers still lean on U.S. security guarantees; the White House bears down, they listen,' Stephen Innes of SPI Asset Management said in a commentary. 'In that sense the U.S. President has become an unofficial swing vote inside OPEC+,' he said. U.S. crude oil is down about 17% for the year and prices are falling to a point, however, where many producers can no longer turn a profit. In stock trading, markets were closed in Shanghai, Hong Kong, Tokyo, Seoul and India. Australia's S&P/ASX 200 lost 0.7% to 8,182.90 while Taiwan's Taiex declined 2.1%. The U.S. dollar slipped to 144.32 Japanese yen from 144.71 yen. The euro climbed to $1.1334 from 1.1306. On Friday, Wall Street extended its gains to a ninth straight day, the market's longest winning streak since 2004. It has reclaiming much of the ground it lost after President Donald Trump escalated his trade war in early April. The rally was spurred by a better-than-expected report on the U.S. job market and revived hopes that Washington will tone down its trade tensions with China. The S&P 500 climbed 1.5% to 5,686.67. The Dow Jones Industrial Average added 1.4% to 41,317.43, and the Nasdaq composite rose 1.5% to 17,977.73. The benchmark index is still down 3.3% so far this year, and 7.4% below the record it reached in February. The gains were broad. Roughly 90% of stocks and every sector in the S&P 500 advanced. Technology stocks led the way. Microsoft rose 2.3% and Nvidia rose 2.5%. Apple, however, fell 3.7% after the iPhone maker estimated that Trump's tariffs will cost it $900 million. Banks and other financial companies also made solid gains. JPMorgan Chase rose 2.3% and Visa closed 1.5% higher. Employers added 177,000 jobs in April. That marks a slowdown in hiring from March, but it was solidly better than economists anticipated. However, the latest job figures don't yet reflect the effects on the economy of Trump's across-the-board tariffs. Many of the more severe tariffs that were supposed to go into effect in April were delayed by three months, except for those against China. The job market is being closely watched for signs of stress amid trade war tensions. Strong employment has helped fuel solid consumer spending and economic growth over the last few years. Economists are now worried about the impact that taxes on imports will have on consumers and businesses, especially about how higher costs will hurt hiring and spending. The economy is already showing signs of strain. The U.S. economy shrank at a 0.3% annual pace during the first quarter of the year. It was slowed by a surge in imports as businesses tried to get ahead of Trump's tariffs. Companies have been cutting and withdrawing financial forecasts because of the uncertainty over how much tariffs will cost them and how much they will squeeze consumers and sap spending.
National News
14-04-2025
- Business
- National News
Dollar declines for fifth straight day as market eyes trade tensions
NNA - The U.S. dollar weakened for a fifth consecutive session, as traders shrugged off a temporary delay in certain electronic tariffs and reacted to President Donald Trump's downplaying of exemptions for the technology sector. The Bloomberg Dollar Spot Index was down 0.2% after tumbling to its lowest since October in early Asian trading. The gauge has slumped almost 6% this year amid escalating trade tensions with China, uncertainty over US policy and concern economic growth will slow, reports, citing Bloomberg. The dollar's decline resumed after Trump said on Sunday he will still apply tariffs to phones, computers and popular consumer electronics, downplaying an earlier reprieve as a procedural step in his efforts to overhaul US trade. 'NOBODY is getting 'off the hook,'' the president said in a social media post as trading began in Asia. Almost 80% of respondents to a Bloomberg survey predicted the dollar would weaken further over the next month, the biggest proportion of bears since the surveys began in 2022. A gauge of greenback volatility remains close to a two-year high, while speculative traders added to short positions in the US currency in the week though April 8, data from the Commodity Futures Trading Commission show. Federal Reserve Bank of Minneapolis President Neel Kashkari on Sunday downplayed expectations the central bank would step in to support financial markets after his Boston counterpart Susan Collins suggested that was a possibility. 'Investors in the US and around the world are trying to determine what is the new normal in America' and the Fed has 'zero ability to affect that,' Kashkari said. Strategists at the biggest Wall Street banks see the potential for further weakness in the dollar as the impact of Trump's tariff implementation works its way through the economy and markets. JPMorgan Chase & Co. analysts suggested investors remain bearish the dollar, especially against the yen and euro, as there's still a meaningful chance of a US recession. Mizuho Bank Ltd. anticipates the dollar may fall another 5% on a trade-weighted basis before rebounding, based on what happened in 2017-18 and the pandemic. Demand for hedging against potential dollar declines has jumped to a five-year high as the Trump administration's tariff policy threatens to sap US economic exceptionalism. An index measuring three-month risk reversals — or the spread between call and put options — on the dollar against 12 of its major peers has dropped to the lowest level since the depth of the global pandemic in March 2020, according to data compiled by Bloomberg.--agencies ===========R.H.
Yemen Online
03-04-2025
- Politics
- Yemen Online
Yemen : Death toll from US strikes on Houthis rises to 61
The death toll from U.S. airstrikes on Houthi-controlled areas in northern Yemen since March 15 has risen to 61, with 139 others injured, the Houthi group announced. Earlier Wednesday, the group said it had launched three fresh attacks on the USS Harry S. Truman aircraft carrier and its escorting warships in the northern Red Sea in the past 24 hours, reports, citing Xinhua. It also said that the death toll from U.S. airstrikes on Yemen's western province of Hodeidah on Tuesday night had risen to four. Houthi media and residents said Tuesday that fresh U.S. airstrikes targeted a "water project and its building" in the district of Mansouria in central Hodeidah, killing at least three people. The U.S. military resumed airstrikes on March 15, following Houthi threats to target Israeli-linked ships unless more humanitarian aid is allowed into Gaza. The U.S. airstrikes have since prompted the Houthis to target U.S. warships in the Red Sea. On Monday, U.S. President Donald Trump vowed to continue striking the Houthis until they stop attacking U.S. warships. The Houthis, who control much of northern Yemen, have been fighting the internationally recognized Yemeni government since 2014.
Yemen Online
30-03-2025
- Politics
- Yemen Online
Israeli Air Force intercepts missile launched from Yemen
The attack set off sirens in Tel Aviv, Jerusalem, and several other areas across the country. According to the Israel Defense Forces, the missile was intercepted by the Air Force before entering Israeli airspace, informs via Jns. The alerts were activated in line with standard defense protocol. Air-raid sirens also pealed across central Israel on Thursday following missiles launched at the Jewish state by Yemen's Iranian-backed Houthi terrorist group, sending millions of civilians running for bomb shelters. On March 24, the IDF intercepted a Houthi missile heading for Israel's densely-populated central region. Local media aired footage of the missile being intercepted over Jerusalem. Shrapnel fell in the city of Beit Shemesh, some 12 miles west of Jerusalem in the Judean foothills. That attack followed another on March 23, which likewise triggered air-raid sirens, including in Tel Aviv. The missile was successfully shot down. Since Hamas initiated the war on Oct. 7, 2023, by murdering some 1,200 people in Israel, the Houthis have fired over 350 drones and missiles at the Jewish state in support of the Palestinian terror group, in addition to carrying out numerous attacks on international shipping in the Red Sea. The Houthis resumed their attacks on Israel on March 18, marking the first time that the country's air defenses were activated against a threat from Yemen since mid-January, when a Gaza truce went into effect.
