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Morocco Reportedly Halts Tomato Exports to Africa Amid Rising Domestic Prices
Rabat – Morocco has reportedly halted its tomato exports to African countries in a bid to curb rising domestic prices. The decision comes as tomato prices reached MAD 15 ($1.63) per kilogram, weighing down average and low-income households. Spanish news agency EFE quoted sources from the Moroccan Interprofessional Federation of Fruit and Vegetable Production and Export (FIFEL), saying the measure was adopted on Monday by the Independent Agency for the Control and Coordination of Exports. B...
$150 million MLB contract after 17 games, plus Sacramento playoffs?
The Windup Newsletter ⚾ | This is The Athletic’s MLB newsletter. Sign up here to receive The Windup directly in your inbox. We have yet another big extension going to a rookie, but the established stars have also been putting on a show. I also found quite the story about an MLB umpire, and Ken says the A’s are no longer going under the radar. I’m Levi Weaver, here with Ken Rosenthal — welcome to The Windup! 2026 has already seen a slew of extensions for young players who have yet to establish...
Next chief executive Simon Wolfson paid record £7m last year
Company says ‘sustained outperformance’ merited pay rise as it ups profit guidance by £8m for the year to January 2027Business live – latest updatesThe Next chief executive, Simon Wolfson, took home more than £7m last year, his highest ever pay package, and could be handed up to £9.27m this year after the retailer announced plans to increase his basic salary and bonuses.The listed company said it was increasing its pay deal for the long-term leader of the fashion and homewares retailer, which no...
Pentagon taps US carmakers for weapons production – WSJ
Washington has reportedly approached General Motors and Ford as it seeks to expand military output amid ongoing conflicts The Pentagon has approached major US car manufacturers General Motors and Ford about producing weapons and military equipment, the Wall Street Journal has reported, citing sources. General Motors already supplies military vehicles to the Pentagon through its GM Defense unit, while Ford has no major military contracts. The discussions reportedly involved senior ex...
Stock Market Outlook: शेयर बाजार में फिलहाल नहीं आने वाली है बड़ी गिरावट? भरोसे के ये 3 बड़े कारण
Stock Market Outlook
UAE Dirham to Pakistani Rupee Rate Today – April 16, 2026
BusinessPakistanUAE Dirham to Pakistani Rupee Rate Today – April 16, 2026By Web Desk-Apr 16, 2026Dubai / Karachi, April 16, 2026 – The UAE Dirham (AED) is trading at 76.06 Pakistani Rupees in the open market today, showing only minimal movement from recent levels. The pair continues to hover comfortably within the narrow 76.00–76.50 PKR range that has been the dominant trading zone for the past several months, offering the kind of predictability that Pakistani expatriates and their families have...
Prince Al Waleed’s Kingdom Holding to acquire majority stake in Al Hilal
BusinessInternationalPrince Al Waleed's Kingdom Holding to acquire majority stake in Al HilalBy Reuters -Apr 16, 2026Kingdom Holding Company, owned by billionaire businessman Prince Al Waleed bin Talal, has signed a binding agreement to acquire a 70% stake in Saudi Pro League soccer club Al Hilal, Saudi Arabia’s Public Investment Fund (PIF) said on Thursday. The deal values the share capital of Al Hilal at 1.4 billion Saudi riyals ($373.20 million). The agreement supports the PIF’s str...
Stocks buoyed by Tesco and welcome GDP surprise
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IMF की GDP रैंकिंग में छठे पायदान पर फिसला भारत, जानिए क्या है कारण
IMF GDP
FAW posts loss for 2025 despite record revenue
FAW posts loss for 2025 despite record revenueImage source, Huw Evans Picture AgencyImage caption, The Football Association of Wales is celebrating its 150th anniversary in 2026ByDafydd PritchardBBC Sport WalesPublished7 minutes agoThe Football Association of Wales made a loss of £3.4m for the year ending June 2025 despite posting record turnover.After making a profit of £1.1m for the year ending June 2024, revenue for the following 12 months rose from £32.4m to £40.6m.That was a result of incre...
Competition Panel Rejects Complaint Against Adani Group, Azure Power In Solar Tender Case
Rejecting the complaint, the Competition Commission of India (CCI), in its order, observed that the country's power generation market comprises many significant public and private players, and that Adani Group, prima facie, does not appear to be a dominant player.
Probe Agency Raids 32nd Avenue Group In Rs 500 Crore Scam, Seizes Cash, Gold
New Delhi, April 16 (IANS In fresh action in a Rs 500 crore ponzi scheme fraud, the ED searched seven premises across Delhi-NCR, Goa, Jaipur and Mumbai linked to 32nd Avenue Group and seized Rs 1.05 crore cash and jewellery items worth Rs 1.5 crore,
Why Oil Futures Are Trading Way Below Real-World Prices
Six weeks into the Iran war, crude oil markets are experiencing one of their worst-ever disruptions, triggered by the near-closure of the Strait of Hormuz. Hundreds of ships are bottled up in the Persian Gulf, unable to carry their cargoes out of the region.
War-torn global economy needs IMF emergency assistance
The U.S.-Israeli war on Iran has caused a major supply shock in the global energy market, disproportionately affecting energy importers, and the IMF has the power to provide relief by issuing hundreds of billions of dollars worth of liquid reserve assets called Special Drawing Rights (SDRs) to its member countries.
Textile hub Bhiwandi under strain as war impact triggers industry collapse fears
Textile hub Bhiwandi under strain as war impact triggers industry collapse fears
CA posts $1.07b surplus in March
Pakistan posted a staggering current account surplus of $1.07 billion in March 2026, down from $1.28 billion a year ago, but sharply higher than $231 million in February 2026. Cumulative 9MFY26 current account stood at a marginal surplus of $8 million, compared with a surplus of $1.67 billion in 9MFY25, reflecting notable weakening over the year. The monthly improvement was driven by a lower goods and services deficit along with stronger remittance inflows. Goods exports stood at $2.53 billion...
Auto policy shrouded in secrecy
Pakistan's upcoming auto policy for 2026-31 is facing growing criticism from industry stakeholders over an unusual lack of transparency, with key players claiming they remain unaware of the policy's final contours despite its completion and submission to the Prime Minister's Office. "We are completely unaware of what is in the policy," said Ali Asghar Jamali, Chief Executive Officer of Indus Motor Company (IMC), while speaking to The Express Tribune on the sidelines of a r...
Stocks maintain positive momentum
The rally continued at the Pakistan Stock Exchange (PSX) on Thursday, where bulls drove the benchmark KSE-100 index sharply higher in early trading before gains were trimmed by the close. Within minutes of the opening bell, the index surged 2,306 points, or 1.27%, reaching intra-day high of 170,899. Investor sentiment remained upbeat, aided by improving macroeconomic signals and ample liquidity. Fuelling the upward trajectory was a key development related to funding. The State Bank of Pakistan...
Port Qasim to get 400-acre industrial estate
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the establishment of a modern small industrial estate at Port Qasim spanning approximately 400 acres, according to a statement issued on Thursday. Speaking during his visit to the Karachi Chamber of Commerce and Industry (KCCI), the minister said the development strategy would prioritise infrastructure readiness before plot allocation. "Unlike conventional practices where investors are shown undeveloped land...
FX drops $1.3b on Eurobond payment
Pakistan's foreign exchange reserves held by the central bank decreased $1.321 billion during the week ended April 10, 2026 as the country repaid $1.426 billion to investors following maturity of Eurobonds in the international market. According to data released by the State Bank of Pakistan (SBP) on Thursday, Pakistan's total liquid foreign currency reserves reached $20.524 billion, comprising $15.079 billion with the SBP and $5.445 billion with commercial banks. A week ago, the State...