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Rising diesel costs from Iran war strain US school budgets

Soaring diesel prices since the onset of the Iran war are draining already tight US school district budgets, making it more expensive to bus students and run generators in a shock officials say they will not be able to afford for long. School districts from Yakima, Washington to Waco, Texas are tapping emergency funding reserves to keep buses running. In remote Alaska, officials are scrambling to secure enough fuel to keep the lights on, according to Reuters interviews. “It’s more than a straw on the camel’s back, it’s like a haystack,” said Yakima Superintendent Trevor Greene. The stress reflects one of many knock-on impacts of the US-Israeli war on Iran, which has disrupted the flow of around a fifth of the world’s oil supplies. Since the war started in late February, fuel prices have posted one of their most rapid climbs on record. The spike has upended economies around the globe. It has caused enough pain in the US to be a political liability for President Donald Trump ahead...

Probe shows foreigners' involvement in network run by alleged drug queenpin Anmol alias Pinky: Karachi AIG

Karachi Additional Inspector General (AIG) Azad Khan shared details on Friday of probe against alleged queenpin Anmol alias Pinky, saying that investigators had come across information regarding the involvement of foreigners in running the drug network. Anmol had been arrested earlier this week from her apartment in Karachi in a joint raid conducted by police and a civilian intelligence agency in connection with two cases pertaining to the possession of narcotics and an unlicenced weapon. On Wednesday, a court in Karachi granted police her three-day physical remand. The Karachi AIG shared details during a press conference on Friday of the investigation conducted against Anmol thus far, saying that the case could turn out to be a transnational one as investigators had come across information about the involvement of foreigners in the drugs networks allegedly run by the suspect. “We have come across information that some foreigners from African countries are involved in this networ...

Indian magnate Adani agrees to multi-million-dollar penalty in US court case

Indian billionaire industrialist Gautam Adani has agreed to pay a multi-million-dollar settlement in a US civil court case linked to corruption without admitting guilt, his company said on Friday. The November 2024 indictment in New York accused the industrialist and multiple subordinates of deliberately misleading international investors as part of a vast bribery scheme. Adani was accused of having participated in an estimated $250 million scheme to bribe Indian officials for lucrative solar energy supply contracts. Adani, along with his nephew Sagar Adani, agreed to the “payment of a civil penalty” totalling $18 million, while noting that it came “without admitting or denying the allegations made in the civil complaint,” a letter from Adani Green Energy to the Mumbai stock exchange read. The penalty payment comes as US prosecutors are reported to be set to drop charges against Adani, The New York Times reported on Thursday. The Adani letter, which noted that the final judgemen...

Chinese FM's remarks to Dar on Iran war 'misrepresented', call held with cordiality: FO

The Foreign Office on Thursday said media reports “misrepresented” Chinese Foreign Minister Wang Yi’s recent remarks to Deputy Prime Minister and FM Ishaq Dar, affirming the call was held with cordiality. The clarification comes after Chinese state media Xinhua reported that during his call with Dar on Tuesday, Wang expressed hope that “Pakistan can step up mediation efforts ” between the United States and Iran. Addressing a weekly press briefing, FO spokesperson Tahir Andrabi said: “Some reports suggested that the Chinese side urged us to enhance the mediation efforts, implying as if Pakistan was being asked to sort in a ‘do more’ paradigm. So news coverage by some of local newspapers conveyed the same impression. “I wish to place on record that such reports somewhat misrepresent the call in both letter and spirit,” he added, asserting that the call was held with “traditional warmth and cordiality”. Andrabi said FM Wang appreciated “Pakistan’s constr...

Indian pharma fuels Africa's 'zombie drug' and opioid crisis despite crackdown

They come in blister packs of 10 like any normal painkiller and you can buy them easily in roadside kiosks and street pharmacies across west Africa. Millions of tapentadol tablets from India are helping drive a deadly opioid epidemic ravaging the region, with officials and researchers telling AFP that they are also being added to the “zombie drug” kush. The cheap pills are so strong that no regulatory authority in the world has approved them. Yet an AFP investigation found Indian pharmaceutical firms were flooding west Africa with the pills despite New Delhi vowing to crack down on the trade. Some shipments were even labelled “Harmless Medicines for Human Consumption”. Customs records show millions of dollars’ worth of the high-strength synthetic opioid being shipped from India every month to Nigeria, Sierra Leone and Ghana, where even low doses of the drug are not permitted. With opioids now heavily regulated in wealthier nation...

Modest gains in GDP, per capita income indicate recovery in output, government says

ISLAMABAD: Pakistan’s gross domestic product (GDP) and per capita income increased in dollar terms at a modest pace, indicating a recovery in the country’s overall output compared to the previous year, the government said on Wednesday. It was revealed that the country’s economy is expected to grow by 3.70 per cent in the current fiscal year, a revision from earlier projections of 4pc, suggesting that Pakistan will fall short of its GDP target. The provisional growth rates in agriculture, industry and services in FY26 are 2.89pc, 3.51pc and 4.09pc, respectively. The 117th meeting of the National Accounts Committee (NAC) was held in the federal capital on Wednesday at the Pakistan Bureau of Statistics Headquarters, Statistics House. The secretary of the Ministry of Planning and Development chaired the meeting. The committee approved the quarterly GDP growth rates for Q1 (revised), Q2 (revised), and Q3 (provisional) during FY 2025-26 and annual growth rates for 2023-24 (final), 2024-2...