World News
World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook
The World Bank has maintained its forecast for China's 2023 economic growth at 5.1%, but lowered its prediction for 2024 to 4.4% due to the weakness of its property sector. The bank also slightly trimmed its 2023 GDP growth forecast for East Asia and the Pacific, including China, to 5.0% and lowered its regional outlook for 2024 to 4.5%. The World Bank cited external factors such as a sluggish global economy, high interest rates, and trade protectionism for the downward revisions.
Nobel Prize announcements are getting underway with the unveiling of the medicine prize
The Nobel Prize announcements have begun, with the winner of the medicine award being unveiled. Last year's winner, Svante Paabo, made discoveries in human evolution that provided insights into our immune system and its vulnerability to severe COVID-19. The physics, chemistry, and literature prizes will be announced on subsequent days, with the peace prize being announced on Friday and the economics award on October 9.
Bankman-Fried explored paying Donald Trump not to run for president
Former billionaire Sam Bankman-Fried, who is currently in jail, considered paying former President Donald Trump to not run for re-election in 2020, according to an excerpt from Michael Lewis' forthcoming book. Bankman-Fried had planned to give millions of dollars to Republican Senator Mitch McConnell to defeat "Trumpier" candidates in Senate races.
Mastung suicide blast: "Enough is enough" says Balochistan govt, declares "all-out-war" against terrorists
The family aid will include Rs 1.5 million for the family of the martyr, Rs 0.5 million for the critically injured and Rs 0.2 million to the nominally injured, Dawn reported. Additionally, the Balochistan government is also in talks with the center to improve the package, he added.
"Gandhiji deeply admired in France": France pays tribute to Mahatma Gandhi
The French Embassy in India paid tribute to Mahatma Gandhi, stating that France upholds the values of non-violence, peace, and tolerance that he stood for. The French Ambassador-designate, Thierry Mathou, and everyone at the embassy honored Gandhi on Gandhi Jayanti. Prime Minister Narendra Modi also paid tribute to Gandhi, emphasizing his global impact and urging people to work towards fulfilling his dreams.
Trump business empire under threat as New York fraud trial opens
Trump has repeatedly dismissed the New York civil allegations, calling James, who is Black, "racist," and labeling Engoron "deranged." On his Truth Social platform, Trump claimed there was no "wrongdoing" in his actions of "fully paying back sophisticated Wall Street Banks in full, with interest, with no defaults, and with no victims."
Why a US recession is still likely — and coming soon
A last-minute deal to avoid a government shutdown kicks one immediate risk a little further into the future. But a major auto strike, the resumption of student-loan repayments, and a shutdown that may yet come back after the stop-gap spending deal lapses, could easily shave a percentage point off GDP growth in the fourth quarter.
"Shameful": Elon Musk accuses Justin Trudeau of "crushing free speech"
His remark came in wake of a recent order of the Canada government which makes it compulsory for online streaming services to formally register with the government for 'regulatory controls'.
Elon Musk accuses Justin Trudeau of 'crushing free speech' in wake of recent Canada govt orders
SpaceX founder and CEO Elon Musk slammed the Justin Trudeau government in Canada for "crushing free speech" in the country. His remark came in wake of a recent order of the Canada government which makes it compulsory for online streaming services to formally register with the government for 'regulatory controls'.
Ukraine left out in cold by US shutdown deal
Barely a week after President Volodymyr Zelensky was in Washington appealing for more funds, the compromise struck in Congress late Sunday dropped new funding for Ukraine amid opposition from hardline Republicans.
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10 migrants die, 25 injured in Mexico truck accident: Officials
A cargo truck carrying migrants overturned in the southern Mexican state of Chiapas, resulting in the death of at least 10 individuals and injury of 25 others. The truck was clandestinely transporting the migrants near the border with Guatemala. This is the second fatal crash involving migrants in less than a week.
Ukraine left out in cold by US shutdown deal
Barely a week after President Volodymyr Zelensky was in Washington appealing for more funds, the compromise struck in Congress late Sunday dropped new funding for Ukraine amid opposition from hardline Republicans. Biden and his Democratic party say America has a duty to help Ukraine stand up to Russian President Vladimir Putin's brutal invasion, warning that a failure to do so could embolden other autocrats in the future.
Biden suggests Democrats have new deal with Republicans on Ukraine aid
President Joe Biden reassured Ukraine that the United States will continue to support them despite aid being dropped from a government spending bill. However, he criticized Republicans for hindering government spending talks, stating that he is tired of the brinkmanship. The specifics of the deal were not disclosed.
Nawaz Sharif's party to approach court for bail before he arrives in Pakistan: Report
Former Prime Minister Nawaz Sharif's Pakistan Muslim League-Nawaz (PML-N) party plans to seek bail from the Lahore High Court before his return to the country later this month. The move is to avoid his potential arrest at Lahore airport, as he has been declared a proclaimed offender. The party's legal team will approach the court a week before Nawaz's return.
24 Pakistani beggars trying to travel to Saudi Arabia for begging arrested in Multan
Twenty-four alleged Pakistani beggars disguised as pilgrims were arrested at the Multan airport in Pakistan for attempting to travel to Saudi Arabia to engage in begging. This is the second incident in a few days, with a total of 32 individuals being offloaded from Saudi-bound flights. The Federal Investigation Agency (FIA) stated that the group confessed to going to Saudi Arabia to seek alms and a case is being registered against them under the Trafficking in Persons Act. The Ministry of Overseas Pakistanis revealed that 90% of beggars apprehended abroad are from Pakistan.
Big Oil, heavy industry discuss emission curbs ahead of COP28
CEOs from major oil and gas companies met with heavy industry bosses in the UAE to discuss commitments to reduce carbon emissions ahead of the COP28 climate summit. The aim is to get industry players to make decarbonization commitments and align on how best to position them at the summit. The meeting included discussions on hydrogen commercialization, carbon capture, methane elimination, and increasing renewable energy.
