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Wednesday, January 12th, 2022

 

Prices hit four-decade high in 2021 as inflation lashes US economy

US consumer prices jumped last year at the fastest pace in four decades, the government confirmed on Wednesday, underscoring the potent inflation wave that has sapped public support for President Joe Biden even as the economy recovers from the pandemic. The seven per cent increase in the Labour Department’s consumer price index (CPI) over the 12 months to December was the highest since June 1982, as prices rose for an array of goods especially housing, cars and food. Since taking office last January, Biden has presided over an economy thatRead More


Kazakh leader vows to rebuild city hit by deadly clashes

Nur-Sultan, JAN 22:  President Kassym-Jomart Tokayev visited Almaty on Wednesday for the first time since clashes there left dozens dead, vowing to repair damage to oil-rich Kazakhstan’s largest city and financial hub. “The task now is to rebuild the city in the shortest possible time (…) I have no doubt the city will be restored,” he told a government meeting, according to a statement on the presidential website. The visit comes on the eve of the start of the announced withdrawal of a Russia-led military contingent of more than 2,000 troops thatRead More


FM Qureshi meets Spanish Minister of Trade

ISLAMABAD, JAN 22 /DNA/ – Foreign Minister Shah Mahmood Qureshi met with Spanish Minister of Trade, Industry and Tourism María Reyes Maroto Illera on 11 January 2022 and discussed means to enhance existing bilateral trade and economic cooperation. The Foreign Minister expressed satisfaction on Spain being one of top trading partners of Pakistan with an annual bilateral trade of more than US$1.3 billion, noting, however, that the volume of trade was below the potential of the two countries. Highlighting Pakistan as an attractive investment destination owing to its large consumerRead More


Outgoing Greek ambassador pays farewell call on foreign secretary

Staff Report ISLAMABAD, JAN 12 /DNA/ – Outgoing Ambassador of Greece in Pakistan Andreas Papastavrou Wednesday paid a farewell call on Foreign Secretary Sohail Mahmood here. The foreign secretary appreciated the ambassador’s contributions towards strengthening bilateral relations between Pakistan and Greece. He hoped that the momentum generated during his tenure would advance further and also wished him well in his future endeavours.


North Korea says Kim Jong-un oversaw third hypersonic missile test

News Desk LONDON: North Korea says it has conducted another hypersonic missile test, under the watch of its leader Kim Jong-un.State media said the missile fired on Tuesday had successfully made a turn before hitting its target in the sea some 1,000km (621 miles) away. It marks North Korea’s third reported test of a hypersonic missile, which can avoid detection for longer than ballistic missiles.Mr Kim’s presence could indicate the technology has improved, say analysts.The latest ramp-up in testing would appear to support Mr Kim’s stated New Years goals, whereRead More


Pak, Spanish FM’s discuss range of topics

ISLAMABAD, JAN 12 /DNA/ – Foreign Minister Shah Mahmood Qureshi was welcomed by Spanish Foreign Minister José Manuel Albares for a luncheon meeting on 11 January 2022. The interaction provided an opportunity for an extensive exchange of views. Expressing satisfaction on existing bilateral trade and economic ties, the Foreign Minister highlighted the major milestones as well as key aspects of the bilateral relationship marked by shared perceptions on a range of regional and international issues, including terrorism and UN reforms. Emphasizing the significance of existing mechanism of Annual Bilateral ConsultationsRead More