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HSBC buys failed US bank SVB’s UK arm for £1

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London, March 13 (AFP/APP):The UK arm of failed US lender Silicon Valley Bank has been sold to HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday. The deal, overseen by the Bank of England and the Treasury, comes […]

40 years on, Ivory Coast’s capital struggles to make its mark

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Yamoussoukro, Ivory Coast, March 13 (AFP/APP):The gleaming white basilica that overlooks Yamoussoukro symbolises the ambitions of a modern capital of Ivory Coast, a goal that still feels out of reach 40 years after being carved out of the tropical countryside. With smooth wide avenues, manicured […]

Dry weather to prevail in most KP

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PESHAWAR, Mar 13 (APP):The Provincial Meteorological Center Peshawar on Monday predicted dry weather in most districts of the province during the next 24 hours. It said that during the last 24 hours weather remained partly cloudy and cloudy over most districts of the province. However, […]

Cyclone Freddy returns killing 70 in Malawi, Mozambique

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Blantyre, Malawi, March 13 (AFP/APP): Cyclone Freddy, packing powerful winds and torrential rain, killed at least 70 people in Malawi and Mozambique on its return to southern Africa’s mainland, authorities said Monday. Freddy, on track to become the longest-lasting storms on record, barrelled through southern […]

Amjad Aulakh posted as DG NAB Lahore

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ISLAMABAD, Mar 13 (APP):National Accountability Bureau (NAB) Chairman (Retd) Lt Gen Nazir Ahmed Butt has posted Amjad Majeed Aulakh as the new Director General (DG) of NAB Lahore. The announcement was made in a notification issued on Monday. According to the notification, Amjad Majeed Aulakh, […]

Ex-Punjab governor Chaudhry Sarwar joins PML-Q

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LAHORE 12 Mar (Online): PTI leader and former Punjab governor Chaudhry Muhammad Sarwar announced on Sunday that he would be joining the Pakistan Muslim League-Quaid (PML-Q). Sarwar, who was sacked as the Punjab governor last year in April by the PTI government, announced his decision […]

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