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July 13, 2023 8:21 PM

Heatwave sweeps across parts of southern Europe and northwest Africa

A heatwave is sweeping across parts of southern Europe and northwest Africa. According to media reports, temperatures are expected to surpass 40 degrees Celsius in parts of Spain, France, Greece, Croatia, and Turkey.   In Italy, temperatures could reach as high as 48.8 degrees Celsius. A re...

July 13, 2023 8:19 PM

US stocks end higher Fed may go for fewer interest rate hikes

US stocks ended higher yesterday after inflation and economic data sparked hopes that the Federal Reserve may go for fewer interest rate hikes. The Nasdaq Composite climbed 1.2 percent, the S&P 500 index gained 0.7 percent and the Dow Jones Industrial Average rose 0.3 percent....

July 13, 2023 8:17 PM

IMF approves three billion dollar bailout for Pakistan

The International Monetary Fund's (IMF) board has given its approval for a three billion-dollar bailout for Pakistan. Pakistan will get about 1.2 billion dollars upfront, with the rest due to be paid out over the next nine months.   According to media reports, Pakistan also received fu...