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30 storiesNewest publisher update · 2026-10-30 15:57 UTC
01
BU
WorldAsia

China says stealth attack drone makes first takeoff, landing on amphibious ship

BEIJING: China’s first carrier-based stealth reconnaissance and strike drone, the GJ-21, recently completed its first takeoff and landing on the Sichuan, the country’s first Type 076 amphibious assault ship, state news agency Xinhua reported on Friday. The trial underscores Beijing’s push to integrate drone technology into its military modernisation drive, a decades-long effort in which China has developed advanced warships, fighter jets, missiles and increasingly capable unmanned systems. Xinhu

Business Recorder
2026-10-30 15:57 UTCbrecorder.com
02
BU
World

Pakistan offers tax-free oil storage facilities to KSA

In a bid to attract foreign investment, Pakistan has approved a tax-neutral bonded policy allowing Saudi companies to establish commercial oil reserves in the country without local tax liabilities. The development came during a meeting between Federal Minister for Petroleum Ali Pervaiz Malik and the new Ambassador of Saudi Arabia to Pakistan, H.E. Dr Rajeh bin Tami Al-Baqami, to discuss opportunities for strengthening bilateral cooperation in the mining, petroleum and energy sectors, including s

Business Recorder
2026-10-30 15:55 UTCbrecorder.com
03
BU
WorldSpain

Spanish minister refuses to resign over second major train crash on his watch

MADRID: Spain’s transport minister on Friday rejected calls for his resignation over the second train accident on his watch to cause mass casualties this year, as authorities worked to identify the victims from a crash that killed at least 69 people. Lawmakers from across the political spectrum this week condemned Transport Minister Oscar Puente for attributing Wednesday’s crash to a break in protocol by control centre operators rather than accepting responsibility, with rail workers’ unions cal

Business Recorder
2026-10-30 15:47 UTCbrecorder.com
04
BU
World

Rupee records gain against US dollar

PKR vs USD Exchange Rate Chart @import url('https://fonts.googleapis.com/css2?family=Plus+Jakarta+Sans:wght@400;500;600;700&display=swap'); #pkr-chart-embed { font-family: 'Plus Jakarta Sans', -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, sans-serif; max-width: 1000px; width: 100%; margin: 24px auto; background-color: #ffffff; border: 1px solid #e2e8f0; border-radius:

Business Recorder
2026-10-30 15:24 UTCbrecorder.com
05
BU
WorldAsia

Field Marshal Munir calls for stronger institutional links with Singapore

Chief of Defence Forces (CDF) Field Marshal Syed Asim Munir on Friday called for stronger institutional linkages between Pakistan and Singapore, saying closer engagement would help promote peace, stability and security in the region. He made the remarks during a meeting with Singapore’s Minister for Foreign Affairs, Dr Vivian Balakrishnan, who called on him at General Headquarters (GHQ), according to a statement issued by the Inter-Services Public Relations (ISPR). Field Marshal Munir reaffirmed

Business Recorder
2026-10-30 15:18 UTCbrecorder.com
06
BU
World

Fed's Barkin says US central bank's direction 'straightforward,' the question is pace, SiriusXM reports

WASHINGTON: Richmond Federal Reserve President Tom Barkin said on Friday that with high inflation and the economy solid, the path of US monetary policy was “straightforward,” but with an open question about the pace of any future rate increases. “Inflation’s high, demand is solid, unemployment is relatively low. So I think the direction of travel is pretty straightforward,” Barkin said on SiriusXM’s Business Briefing when asked if the Fed would need to raise rates again. “The question, though, i

Business Recorder
2026-10-30 15:15 UTCbrecorder.com
07
BU
World

Gold price per tola falls Rs5,100 in Pakistan

Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs420,536 after a decline of Rs5,100 during the day. Similarly, 10-gram gold was sold at Rs360,541 after it fell by Rs4,373, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola saw no change at Rs425,636 during the day. The international rate of gold declined by $51 to reach $3,

Business Recorder
2026-10-30 14:52 UTCbrecorder.com
08
BU
World

Gone in 20 minutes: How the biggest heist in crypto history unfolded

SINGAPORE: Hackers stole $6.3 billion from Binance, the world’s biggest cryptocurrency exchange, in a record digital asset theft. What happened? About $6.3 billion worth of cryptocurrencies were drained from wallets that Binance uses to process transactions, according to the exchange and expert analysis of blockchain records. Binance said in a statement on X that it initially thought the attack involved a compromised laptop. “However, our subsequent investigation has uncovered additional points

Business Recorder
2026-10-30 14:49 UTCbrecorder.com
09
BU
Business

Corporate debt issuance reaches Rs291bn in Jan-Sept 2026: Finance Division

Pakistan’s corporate debt issuances reached Rs291 billion during January-September 2026, as the government pushes reforms to deepen the debt market, improve liquidity and expand access to long-term financing. The Finance Division said on Friday that Finance Minister Muhammad Aurangzeb chaired the fourth meeting of the Capital Market Development Council (CMDC), which reviewed progress on capital market reforms and measures to broaden the issuer and investor base. Corporate debt issuances amounted

Business Recorder
2026-10-30 14:18 UTCbrecorder.com
10
BU
World

Rybakina withdraws from Tokyo quarter-finals with neck injury

World number one Elena Rybakina withdrew from the Pan Pacific Open quarter-finals on Friday due to a neck injury, sending Canada’s Leylah Fernandez through to the last four via walkover. “Unfortunately, I’ve been experiencing inflammation and pain in my neck, which has been affecting my ability to play at my best,” the Kazakh said in a statement on the WTA website. Rybakina secured the year-end number one ranking after beating compatriot Yulia Putintseva in the second round. Rybakina finds Ningb

Business Recorder
2026-10-30 13:55 UTCbrecorder.com
11
BU
WorldAsia

Six killed in helicopter crash in Indian Himalayan state

NEW DELHI: Six people were killed in a helicopter crash in the Indian Himalayan state of Uttarakhand on Friday, news agency ANI reported, citingan official from the state’s civil aviation authority. The helicopter was flying from Badrinath, a prominent pilgrimage destination for Hindus located in the mountains, to Dehradun city, the Uttarakhand Civil Aviation Development Authority (UCADA) said in a statement. All six people on board the chopper, including five passengers and the pilot, were kill

Business Recorder
2026-10-30 13:43 UTCbrecorder.com
12
BU
World

Trump on Iran war: It's going to get wrapped up soon

WASHINGTON: US President Donald Trump, speaking ahead of November 3 midterm congressional elections, said on Friday he believed the war with Iran will end soon, but did not say how that would happen. “It’s going to get wrapped up soon,” Trump said in an interview with Kansas City radio station KCMO. “We need a guarantee there’ll never be a nuclear weapon.” Trump has said the US would not strike Iran before the elections.

Business Recorder
2026-10-30 13:27 UTCbrecorder.com
13
BU
WorldAsia

India's FX reserves dip for seventh straight week to hit over two-month low

MUMBAI: India’s FX reserves fell to a more than two-month low of $719.75 billion as of the week ended October 23, marking their seventh straight week of declines and reflecting the central bank’s absorption of oil-linked dollar demand and market interventions. Week-on-week, the reserves were down by $1.27 billion, driven by a fall in the value of the Reserve Bank of India’s gold holdings, which stood at $103.1 billion, down $2.6 billion week-on-week. The value of the RBI’s foreign currency asset

Business Recorder
2026-10-30 13:23 UTCbrecorder.com
14
BU
World

Strengthening Pakistan's industrial supply chain: role of Master Nonwoven in local manufacturing

Pakistan’s manufacturing sector depends on more than the products that reach consumers. Behind every finished product is a network of raw materials, specialised components and suppliers that keep production moving. For industries such as automotive, hygiene, agriculture and bedding, access to locally manufactured technical materials can make a significant difference in sourcing, production planning and supply chain management. One such material is nonwoven fabric, a versatile category used acros

Business Recorder
2026-10-30 13:18 UTCbrecorder.com
15
BU
World

Iran's IRGC Navy says three tankers catch fire in Strait of Hormuz

Iran’s Revolutionary Guards Navy said on Friday that three oil tankers had caught fire and exploded while attempting to use what it described as unauthorised routes through the Strait of Hormuz, Iranian state media reported. An IRGC Navy statement said one of the tankers, which was carrying 2 million barrels of crude oil, had hit a mine. Reuters was unable immediately to verify the statement. Iran also said it had destroyed an unmanned US vessel in the eastern Strait of Hormuz. There was no imme

Business Recorder
2026-10-30 13:13 UTCbrecorder.com