Author: Kumail Mehdi

Boeing has officially retracted its offer of a 30% pay increase for striking workers after negotiations with union representatives reached a standstill. The company accused the union of failing to give its proposals serious consideration. The International Association of Machinists and Aerospace Workers (IAM) claimed that Boeing was “determined to adhere to an unnegotiated offer” that its members had already rejected. Last month, Boeing announced what it termed its “best and final” proposal, which included the 30% increase spread over four years—significantly lower than the 40% raise demanded by the union. In a letter to employees, Boeing Commercial Airplanes President…

Chinese President Xi Jinping and Russian President Vladimir Putin have called on their allies to resist external influences, asserting that global power dynamics are shifting and a multipolar world is emerging. The two leaders met in Astana, Kazakhstan, for a summit of the Shanghai Cooperation Organisation (SCO), which they regard as a counterbalance to U.S. dominance on the world stage. During the meeting, Xi urged nations to “resist external interference,” while Putin pointed out the rise of “new centres” of political and economic power. Xi emphasized the need for countries to unite against external pressures, stating, “We should join hands…

On Wednesday, gold prices in Pakistan experienced a significant drop of Rs3,000 as global markets reflected a decline in precious metal rates. In the local market, the price of 24-karat gold fell to Rs271,700 per tola, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Meanwhile, the cost of 10 grams of 24-karat gold decreased by Rs2,572, now priced at Rs232,939. Internationally, gold prices also took a hit, with a decrease of $30 during the day. As reported by the APGJSA, the global price of gold is currently $2,617 per ounce. Despite the drop in gold prices, the silver…

TORONTO – The Toronto Raptors have been hit with early injury challenges this NBA season. Canadian swingman RJ Barrett will miss the remainder of Toronto’s preseason after sustaining a sprained right shoulder during the team’s 125-98 exhibition win over the Washington Wizards on Sunday. Head coach Darko Rajakovic confirmed Barrett’s absence for the next four preseason games but assured that he’ll remain active in his recovery process. “They’ll evaluate him on a week-by-week basis,” Rajakovic said at a press conference. “He can still focus on conditioning and improving his overall health, including his knees and strength.” Barrett’s injury occurred in…

Ratan Tata, the former chairman of Tata Sons, one of India’s largest companies, is in critical condition. He is receiving intensive care at a hospital in Mumbai, according to two sources on Wednesday. On Monday, 86-year-old Tata said he was undergoing routine medical checks due to age and health concerns. A spokesperson for Tata has not yet provided an update on his condition as of Wednesday. Known for his strong values, Tata earned the respect of business leaders and the public. He became chairman of Tata Group in 1991. The company expanded into a global business worth over $100 billion…

Israel vowed to respond after Iran launched around 180 missiles toward the country on Tuesday. Many of these missiles were intercepted by the Israeli military. In reaction, Israeli Prime Minister Benjamin Netanyahu announced that they would take action. Earlier this year, following another missile attack from Iran, Israel retaliated with airstrikes, including one on a military base in Iran housing the Natanz uranium enrichment facility. Israel considers Iran’s nuclear weapons program a significant threat. According to reports, Israel may target Iranian nuclear facilities in response, particularly focusing on uranium enrichment sites in Natanz, which are central to Iran’s nuclear program.…