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Bitcoin futures rocket past $18,000; Asian shares boom

Bitcoin futures rocket past $18,000; Asian shares boom

SYDNEY: The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a hotly anticipated launch, while Asian shares climbed amid optimism about global growth. The most-traded contract on the Chicago-based CBOE Global Markets exchange XBTc1 opened at $15,460 in New York on Sunday evening, before leaping […]

CM Sindh approves hiring of 6,000 teachers

CM Sindh approves hiring of 6,000 teachers

KARACHI: The hiring of 6,000 teachers in the schools of Sindh was approved by Chief Minister Murad Ali Shah on Wednesday. “The teachers will be appointed on merit,” he said while heading a meeting on education development portfolio. On the occasion, the chief minister told officials of the education department to open 2,000 schools in […]

39,000 Pakistanis deported from Saudia Arabia in four months: media report

39,000 Pakistanis deported from Saudia Arabia in four months: media report

RIYADH: At least 39,000 Pakistanis have been deported from the Saudia Arabia in the past four months for violating the rules of residence and work, informed Saudi Gazette. The paper also said that the involvement of a number of Pakistani nationals in some terror-related actions became a caused of public worry, further adding that Pakistanis […]

Syria regime hanged 13,000 in notorious prison: Amnesty

Syria regime hanged 13,000 in notorious prison: Amnesty

BEIRUT: As many as 13,000 people were hanged in five years at a notorious Syrian government prison near Damascus, Amnesty International said Tuesday, accusing the regime of a “policy of extermination.” Titled Human Slaughterhouse: Mass hanging and extermination at Saydnaya prison, Amnesty’s damning report is based on interviews with 84 witnesses, including guards, detainees, and […]

Trump’s travel ban has revoked 60,000 visas for now

Trump’s travel ban has revoked 60,000 visas for now

NEW YORK/WASHINGTON: About 60,000 visas were revoked under U.S. President Donald Trump’s executive order temporarily halting immigration from seven Muslim-majority countries, the State Department said on Friday, in one of several government communications clarifying how the order is being rolled out. The revocation means the government voided travel visas for people trying to enter the […]

Israel says will build 3,000 new homes in West Bank settlements

Israel says will build 3,000 new homes in West Bank settlements

Israel announced plans on Tuesday for 3,000 more settlement homes in the occupied West Bank, the third such declaration in eleven days since U.S. President Donald Trump took office. Trump has signaled he could be more accommodating toward such projects than his predecessor Barack Obama. A statement from the Israeli Defence Ministry, which administers lands […]

About 1,000 State Department officials sign dissent memo: source

About 1,000 State Department officials sign dissent memo: source

Roughly 1,000 US State Department officials signed an internal dissent memo critical of President Donald Trump’s travel ban for refugees and immigrants from six Muslim-majority countries, a source familiar with the document said on Tuesday. A senior State Department official confirmed that the memorandum in the department’s “dissent channel” had been submitted to management. White […]

More than $900,000 raised to rebuild Texas mosque destroyed in fire

More than $900,000 raised to rebuild Texas mosque destroyed in fire

More than $900,000 has been raised in an online fundraiser for a south Texas mosque destroyed by fire over the weekend, exceeding the amount needed to rebuild the place of worship, according to the fundraising page on Monday. The GoFundMe page for the Victoria Islamic Center received donations from more than 19,000 people in the […]

Index fails to sustain gains above 50,000 level

Index fails to sustain gains above 50,000 level

KARACHI: The stock market for a brief moment saw the KSE-100 index break the psychological barrier of 50,000 points in trading on Tuesday. The market, however, remained in grip of volatility as nervous investors continued to engage in alternative bouts of buying and selling, which saw the index move between the intra-day high by 181 […]

Volkswagen plans 30,000 job cuts worldwide

Volkswagen plans 30,000 job cuts worldwide

Volkswagen has announced plans to cut 30,000 jobs worldwide with about 23,000 of the losses borne in Germany. VW, still dealing with the aftermath of the emissions-cheating scandal, aims to rejuvenate its core brand, and develop new electric and self-driving cars. VW says it will create 9,000 jobs as part of investments in new products. […]