Author: i2wtc
Listen to article The Sindh government has launched a strict crackdown on transporters charging excessive fares from passengers returning home after Eidul Fitr holidays. “Strong action is being taken against transporters illegally collecting extra fares,” said Sindh minister Sharjeel Memon. The operations are being carried out in coordination with district administrations, police, and the National Highway and Motorway Police. He said that protecting public rights is the government’s top priority and no bus, coach, or transport service will be allowed to demand unjustified fare hikes. The transport department has already issued strict instructions to all officers to monitor fares closely and take…
The move deals a harsh blow to the small, impoverished state, which Trump mocked as a place ‘nobody has heard of’.The Trump administration has imposed a steep 50 percent tariff on Lesotho, a small, impoverished African nation of two million people – the highest tariff levied on any country. The measure delivers a severe blow to Lesotho’s economy, which relies heavily on exports for its modest $2bn gross domestic product (GDP). United States President Donald Trump, who mocked Lesotho last month as a country “nobody has ever heard of”, announced it as part of a sweeping set of “reciprocal tariffs”…
Altimeter Capital CEO Brad Gerstner said Thursday that he’s moving out of the “bomb shelter” with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump’s widespread tariffs. “The growth and the demand for GPUs is off the charts,” he told CNBC’s “Fast Money Halftime Report,” referring to Nvidia’s graphics processing units that are powering the artificial intelligence boom. He said investors just need to listen to commentary from OpenAI, Google and Elon Musk.President Trump announced an expansive and aggressive “reciprocal tariff” policy in a ceremony at the White House on Wednesday. The…
Listen to article World leaders reacted with disappointment and growing alarm on Thursday after US President Donald Trump announced sweeping reciprocal tariffs on imports, triggering fears of a global trade war and renewed economic instability. The new policy, announced on what Trump dubbed “Liberation Day”, sets a baseline 10% tariff on all imports to the US from April 5. From April 9, steeper duties—ranging from 17% to 49%—will be imposed on around 90 countries that Washington claims maintain unfair tariffs on American goods. European Union The European Union, set to face a 20% tariff, warned of “immense consequences”. “This is a major…
On February 7, the White House cut aid to South Africa, citing a nonexistent threat to white farmers from government land expropriation. To see what might lie beyond Trump’s executive order, South Africa need only look north. Zimbabwe’s economy has been crushed by sanctions imposed after redistributing colonial-era farmland. And despite efforts to placate the development establishment, it appears that Washington prefers the country to dangle, like a corpse in a gibbet, lest other countries start getting ideas of their own. In July 2020, in the teeth of the COVID-19 pandemic, Zimbabwe agreed to pay $3.5bn in compensation to approximately…
US President Donald Trump has unveiled his long-awaited “reciprocal” tariff plan, in a move that sent financial markets reeling amid growing fears of a global trade war. On Wednesday, Trump announced a 10 percent “minimum baseline tariff” on nearly all imports into the United States. Higher duties on targeted countries will be phased in shortly afterwards. He claimed the new import taxes were designed to reduce trade deficits and bring foreign manufacturing back to US shores. He also said they would pave the way for tax future cuts. As Trump took aim at a global trading system he said “ripped…
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. At his Singapore-based family office, Srihari Kumar has long favored U.S. investments. The former Goldman Sachs managing director, who also co-founded TPG-Axon Capital, takes a truly global view of investing. The portfolio at his family office, LionRock Capital, has traditionally been about 40% in the U.S., 40% in India and 20% in the rest of the world. In the past six months, however, that has shifted.…
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, plants a tree during a voluntary tree planting activity in Fengtai District of Beijing, capital of China, April 3, 2025. Xi and other Party and state leaders, including Li Qiang, Zhao Leji, Wang Huning, Cai Qi, Ding Xuexiang, Li Xi, and Han Zheng, arrived at the tree planting site on the bank of a river in Fengtai District on Thursday morning and planted trees with officials and local people. (Xinhua/Xie Huanchi)BEIJING, April 3 (Xinhua) — Chinese President Xi…
Listen to article Federal Health Minister Mustafa Kamal on Thursday stressed the need for Pakistan to adopt telemedicine as part of its healthcare system. Speaking to the media after his visit to PIMS Hospital in Islamabad, Kamal stated that treating the entire population through traditional healthcare systems is not feasible. He pointed out that the lack of basic health units forces people to rely on major hospitals. Kamal highlighted that telemedicine, a global practice, could help provide medical services, including consultations and medicines, directly to people’s doorsteps. “We need to provide medicines and doctors at people’s doorsteps. We can’t treat everyone through hospitals…
Over 39,000 children have lost one or both parents in Gaza, new report by the Palestinian statistics agency says.Tens of thousands of Palestinian children have lost their parents since the start of Israel’s war on the besieged Gaza Strip, the Palestinian Central Bureau of Statistics says. In a statement on Thursday, the eve of Palestinian Children’s Day, the agency said 39,384 children in Gaza have lost one or both parents after 534 days of Israel’s assault, which has ravaged the tiny enclave and displaced most of its 2.3 million strong population. The bureau said among them are about 17,000 children…