Author: i2wtc
Listen to article The federal government has unveiled a revised plan to reduce the baseline power tariff by Rs 8 to Rs 10 per unit, Express News reported on Friday, quoting sources. The plan aims to address the issue of circular debt, which will be reduced through the reduction of the debt amount. Under this plan, a reduction of Rs130 billion in debt repayments will create financial space, and the savings will be used to lower electricity prices. The move is also expected to help reduce ongoing financial losses in the electricity sector. Sources indicate that the IMF’s review mission is set to…
Steve Bannon denied that his gesture was a Nazi salute and described it as a ‘wave’.France’s far-right leader Jordan Bardella has said he cancelled a planned speech at a right-wing meeting in Washington after a “gesture alluding to Nazi ideology” by a speaker, an apparent reference to the conservative firebrand Steve Bannon. The president of the National Rally (RN) party said he was not present when Bannon – one of the masterminds behind US President Donald Trump’s 2016 presidential campaign – made an apparent fascist-style gesture on Thursday at the Conservative Political Action Conference (CPAC). “Yesterday, while I was not…
Shares of Hims & Hers Health closed down around 26% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved.Semaglutide is the active ingredient in Novo Nordisk’s blockbuster weight loss drug Wegovy and diabetes treatment Ozempic. Those medications are part of a class of drugs called GLP-1s, and demand for the treatments has exploded in recent years. As a result, digital health companies such as Hims & Hers have been prescribing compounded semaglutide as an alternative for patients who are navigating volatile supply hurdles and insurance obstacles.Compounded drugs are custom-made alternatives to…
Opener Ryan Rickelton struck a maiden one-day international hundred as South Africa routed Afghanistan by 107 runs in the Champions Trophy in Karachi on Friday. Rickelton cracked a 106-ball 103 with seven boundaries and a six to anchor South Africa’s imposing total of 315-6 in the Group B match at the National Stadium. South Africa’s pace attack of Kagiso Rabada (3-36), Wiaan Mulder (2-36) and Lungi Ngidi (2-56) then dismissed highly-fancied Afghanistan for just 208 in 43.3 overs. Responding to a question by Dawn.com after the match, Mulder said: “The ball didn’t swing much whether under lights or during the…
General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018.Lars Niki | Getty Images Entertainment | Getty ImagesAn “embarrassment of riches” at the box office could fuel a $1.2 billion year for IMAX, CEO Rich Gelfond told CNBC on Friday.That volume would mark the best box office haul for the company, which specializes in high-resolution cameras, film formats, projectors and theaters.”I think it’s going to be a very strong year,” Gelfond said in an interview with CNBC’s “Squawk on the Street.” “The first thing that drives…
Who: Pakistan vs IndiaWhat: ICC Champions Trophy 2025Where: Dubai International Stadium, Dubai, United Arab EmiratesWhen: Sunday, February 23 at 1pm (09:00 GMT)Follow Al Jazeera‘s live text and photo commentary stream of the match. The host nation – and second favourites – Pakistan face the team tipped to win the tournament, India, at the Champions Trophy on Sunday in Dubai, United Arab Emirates. The match is arguably the biggest fixture in world sport with the two rival nations drawing huge television audiences and general attention from all parts of the globe. As ever, there is plenty at stake, beyond the fierce…
Listen to article ISLAMABAD: The government on Thursday assured a review of the imposition of an 18% sales tax on packaged milk, as it turned out that Pakistan has the highest tax on branded milk in the world and two-thirds of consumers earn less than Rs50,000 a month. The assurance to review the high tax rate was given by Minister for Finance Muhammad Aurangzeb during a meeting with the Pakistan Dairy Associationthe representative body of the packaged milk industry. The PDA requested a reduction of the sales tax rate to 5%, aiming to bring it in line with most countries. The association…
Tesla models Y and 3 are displayed at a Tesla dealership in Corte Madera, California, on Dec. 20, 2024.Justin Sullivan | Getty ImagesTesla is voluntarily recalling 376,241vehicles in the U.S. to correct an issue with failing power-assisted steering systems, according to records posted to the website of the U.S. National Highway Traffic Safety Administration.In a safety recall report posted on the NHTSA website, Tesla said the recall includes Model 3 and Model Y vehicles that were manufactured for sale in the U.S. from Feb. 28, 2023, to October 11, 2023, and that were equipped with a certain older software release.The…
Finnish operator Cinia said it detected problems on its C-Lion1 fibre-optic link connecting Finland and Germany some time ago.Swedish and Finnish police are investigating a suspected case of sabotage to the telecom system in the Baltic Sea, after multiple seabed cables were damaged in recent months. Finnish operator Cinia on Friday said it had detected problems on its C-Lion1 fibre-optic link connecting Finland and Germany some time ago and that it was confirmed this week that the cable was damaged even as data traffic continued to flow. Swedish police said they were also investigating the matter because the breach had…
Sopa Images | Lightrocket | Getty ImagesBluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday, marking the end of the Bluebird’s fall from the one of the buzziest biotech firms to one that was on the cusp of running out of money.Bluebird’s shareholders will receive $3 per share with the possibility of getting another $6.84 a share if Bluebird’s gene therapies reach $600 million in sales in any 12-month period by the end of 2027. Bluebird shares closed at $7.04 on Thursday. They fell 40% on Friday after…