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30 storiesChecked live · newest publisher story 33m ago
01
BU
World

Yemen conflict displaces over 100,000 people, UN says

GENEVA: The UN refugee agency said on Tuesday that over 100,000 people have been internally displaced by the renewed Yemen conflict and thousands more have fled by sea to Djibouti. “Humanitarian access remains a major challenge. Insecurity, damaged roads, telecommunications disruptions and movement restrictions are affecting operations,” UNHCR said in a statement. Yemen’s Houthis reach strategic island at mouth of vital shipping lane Yemen’s Houthis have stepped up attacks on Saudi cities and en

Business Recorder
33m agobrecorder.com
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BU
World

Rupee sees improvement against US dollar

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Business Recorder
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BU
WorldAsia

India's July balance of payments surplus jumps to $20.8 billion on surge in FX inflows

India’s balance of payments recorded a surplus of $20.8 billion in July, compared with a surplus of $0.3 billion a year earlier, driven by a surge in foreign-exchange inflows following the central bank’s measures to attract overseas deposits. The current account balance for July 2026 stood at a deficit of $7 billion, compared with a deficit of $3.2 billion in July 2025. Net transfers, which include remittances from Indian workers overseas, rose to $13.2 billion in July from $12.6 billion a year

Business Recorder
40m agobrecorder.com
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BU
World

Pakistan, Lebanon agree to deepen diplomatic, security ties

Lebanon’s Interior Minister Ahmad al-Hajjar held a series of meetings with senior Pakistani officials in Islamabad on Tuesday, including Deputy Prime Minister and Foreign Minister Ishaq Dar, and Interior Minister Mohsin Naqvi, with both sides agreeing to deepen cooperation in security, law enforcement and diplomatic ties. Al-Hajjar was received by Dar at the Ministry of Foreign Affairs, where Naqvi and Talal Chaudhry were also present along with senior MoFA officers, according to a statement by

Business Recorder
47m agobrecorder.com
05
BU
World

Most Gulf bourses in red on Houthi attack and Hormuz shipping slump

Most Gulf stock markets closed lower on Tuesday, with Saudi shares posting the biggest losses, as a fresh Houthi attack and a sharp drop in shipping through the Strait of Hormuz heightened fears that the conflict could escalate further. Saudi Arabia’s benchmark index dropped 0.9%, weighed down by a 1.3% fall in Saudi Arabian Mining Company and a 0.6% dip in oil major Saudi Aramco. Yemeni officials said the Houthis struck the Khamis Mushait airbase in southern Saudi Arabia with missiles and drone

Business Recorder
48m agobrecorder.com
06
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World

Sri Lankan shares edge lower as communication services, IT stocks weigh

Sri Lankan shares closed lower on Tuesday, as losses in communication services and IT stocks outweighed gains in utilities and energy. The CSE All Share index settled down 0.24% at 21,262.13. The island nation’s economy grew by 4.2% year-on-year from April to June, the statistics department said on Tuesday. Tess Agro and Colombo Fort Land were the top percentage losers on the CSE All Share index, falling 5.3% and 5%, respectively. Trading volume on the CSE All Share index fell to 55.8 million sh

Business Recorder
1h agobrecorder.com
07
BU
WorldAsia

Broadening inflation, Fed prompts traders to ramp up October India rate hike bets

MUMBAI: Traders are increasingly betting on an October rate hike by the Reserve Bank of India, with surging oil prices and broadening inflation strengthening the case for tighter policy, while an expected Federal Reserve hike adds to the pressure, four traders said. The one-year overnight index swap rate rose 8 basis points on Tuesday to 6.11%, its highest since early June, while the five-year rate jumped 11 bps to 6.68%. The one-year OIS is pricing in at least three 25-bps rate hikes over the n

Business Recorder
1h agobrecorder.com
08
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WorldAsia

LNG demand in Pakistan, China and India expected to rebound after US-Iran war ends

BANGKOK: LNG demand from Pakistan, China and India is likely to rebound from multi-year lows once the Middle East supply crunch ends and new supplies emerge, industry executives say, reversing a pick-up in coal and oil to replace gas during the U.S.-Iran war. The conflict has prevented Qatar and the United Arab Emirates from exporting most of their LNG via the Strait of Hormuz, through which a fifth of global supplies used to pass, driving up prices. Shell, the world’s biggest LNG trader, estima

Business Recorder
1h agobrecorder.com
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BU
World

RBI files caveat after rejecting Tata Sons bid to avoid listing, source says

MUMBAI: The Reserve Bank of India (RBI) — the country’s central bank and banking regulator — has pre-emptively approached the courts seeking to be heard in any matter filed related to the listing of Tata Sons, a source directly familiar with the matter said. The move follows the RBI’s rejection of Tata Sons’ application to deregister as a non-banking financial company (NBFC), a decision that pushes the holding company closer to a stock market listing. Reuters reported on Saturday that the RBI ha

Business Recorder
2h agobrecorder.com
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World

PIMS fire inquiry report finds major safety failures behind deaths of newborns

A 43-page inquiry report into the deadly fire at the Pakistan Institute of Medical Sciences (PIMS) has held the hospital administration responsible for major safety failures that led to the deaths of 14 newborn babies, Aaj News reported on Tuesday. According to the report, the fire killed 14 newborns, while one baby was rescued safely. The inquiry committee found that serious fire-safety deficiencies had previously been identified at the hospital, but adequate corrective and preventive measures

Business Recorder
2h agobrecorder.com
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World

Nigeria's NLNG aims to start up Train 7 LNG project by end-2027

BANGKOK: Nigerian LNG producer NLNG aims to start up its $10 billion Train 7 LNG project by the end of 2027, its managing director Adeleye Falade told reporters on the sidelines of the Gastech conference in Bangkok. The project on Bonny Island, which will expand NLNG’s capacity to 30 million metric tons per year from 22 million tpy, has faced repeated delays, most recently from the COVID-19 pandemic and the Ukraine war. NLNG is still under a force majeure that was imposed in 2022, Falade told th

Business Recorder
2h agobrecorder.com
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BU
WorldUnited Kingdom

London shares slip as higher oil prices lift bond yields; BoE in focus

London shares slipped to two-month lows on Tuesday as rising oil prices pushed bond yields higher globally over inflation concerns, while investors assessed a batch of domestic economic data ahead of a central bank policy verdict later this week. The blue-chip FTSE 100 index fell 0.59% to 10,634.49 points by 1000 GMT, while the midcap FTSE 250 slipped 0.46%. Heavyweight lenders and investment banks and brokerages were the top drags on the index, with Standard Chartered down 1.7% and Aberdeen dro

Business Recorder
2h agobrecorder.com
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WorldAsia

India consults banks, payment firms on fees for large UPI payments, sources say

MUMBAI: India’s payments authority is talking to lenders and payments firms on Tuesday to discuss levying charges on large transactions in the world’s largest retail fast-payment system, three sources familiar with the plans told Reuters. The consultations come after India changed its payments legislation on Monday, allowing firms to charge transactions of more than 2,000 rupees (about $20). All payments using the Unified Payments Interface have been free so far. The move will benefit banks and

Business Recorder
2h agobrecorder.com
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BU
Business

Sri Lanka's economy grew 4.2% in Q2 despite pressures from Iran war

COLOMBO: Sri Lanka’s economy grew by 4.2% year-on-year from April to June, the statistics department said on Tuesday, despite three-year-high inflation that has been exacerbated by the impact of the Iran war. Output from the agriculture sector grew by 2.3% year-on-year in the second quarter, while that of industries expanded 7.3% and services by 2.7%, the Department of Census and Statistics said in a statement. The island nation grew by 5.1% from January to March. Growth matched market expectati

Business Recorder
2h agobrecorder.com
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World

Moody's revises Bangladesh's outlook to ‘stable’ on easing political and external pressures

Credit ratings agency Moody’s on Tuesday revised Bangladesh’s credit outlook to “stable” from “negative” on easing political and external pressures. “Despite higher import costs, gas supply volatility, and challenges to the ready-made garment sector, the economy has shown underlying resilience,” the agency said in its report. Moody’s said the post-election transition and a strong government mandate had reduced political risks to reforms, while rebuilt foreign exchange reserves, exchange-rate fle

Business Recorder
3h agobrecorder.com