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PayPal backs emerging markets lender Tala

LAS VEGAS: PayPal Inc Holdings Inc has made a strategic investment in Tala, a financial technology startup that lends to underserved consumers in emerging markets, the companies said on Monday. The companies declined to disclose the amount of the investment, but Tala said it will use the funding to further develop its product and broaden its reach. Based in Santa Monica, California, Tala lends to individuals in Kenya, Tanzania, the Philippines, and Mexico through its smartphone app. The company has lent more than $500…

Pakistan fully backs CPEC, says railways minister

ISLAMABAD: Minister for Railways Sheikh Rasheed Ahmad on Tuesday said that Pakistan fully backed the China Pakistan Economic Corridor (CPEC) project. "Besides upgradation of Main Line-1 (ML-1), we also require Chinese assistance in other projects," he said while talking to a delegation of Chinese Railways officials in Islamabad. The minister said a long term plan was also being prepared for the development of Pakistan Railways. He said the railways would soon launch two new trains which will be inaugurated by the prime…

Harry Potter star Emma Watson backs Kathua rape victim’s lawyer

LOS ANGELES: Young British actress Emma Watson on Friday tweeted in support of lawyer Deepika Singh Rajawat, who has received death threats for fighting the case of a minor Muslim girl whose rape and murder in Kathua, occupied Kashmir, sent shockwaves around the world. She shared an article 'How the Kathua rape case lawyer is a force to reckon with' on her Twitter account and wrote, "All power to Deepika Singh Rajawat". The Harry Potter star has been a UN Women Goodwill Ambassador and has actively worked for the…

Russian PM says he backs criminalizing observance of US sanctions

MOSCOW: Russian Prime Minister Dmitry Medvedev backs the idea of making it a criminal offense for Russians to observe sanctions imposed by the United States, Medvedev said in an interview broadcast on Saturday on state TV channel Rossiya 1. Washington imposed sweeping sanctions on some of Russia’s biggest companies and businessmen on April 6, striking at allies of President Vladimir Putin to punish Moscow for its alleged meddling in the 2016 U.S. presidential election and other so-called malign activities. Asked about…

Kevin Pietersen backs Sarfraz as Pakistan captain

Former England captain Kevin Pietersen has urged the Pakistan cricket authorities to appoint Sarfraz Ahmed skipper for the 2019 World Cup to take pressure off him, saying Sarfraz is a good leader and knows the game well. Pietersen, who will retire from all cricket later this year, smashed a 34-ball 48 to lead Quetta Gladiators to a comfortable six-wicket win over Islamabad United. After the match, Pietersen praised Sarfraz, also skipper of Quetta, and termed Pakistan lucky to have such a knowledgeable captain. Read…

‘Nawaz Sharif should allow someone else to lead PML-N’

ISLAMABAD: Former PML-N leader Mir Zafarullah Khan Jamali on Saturday said that he thinks former prime minister Nawaz Sharif should allow someone else to lead the ruling Pakistan Muslim League-Nawaz (PML-N) after his disqualification, ARY News reported. Speaking during ARY News program 11th Hour, Jamali said that Minister for Inter-Provincial Coordination Riaz Hussain Pirzada's demand to let Nawaz's younger brother Shahbaz Sharif lead the party too is not a bad option if it saves the party. Jamali, however, refrained…

Abbas backs call for Palestinians to return to Al-Aqsa mosque

JERUSALEM: Palestinian president Mahmud Abbas backed calls for worshippers to return to Jerusalem's Al-Aqsa mosque on Thursday after Israeli authorities removed controversial new security measures. "The prayers will happen, God willing, inside the Al-Aqsa mosque," Abbas told a press conference, moments after Muslim authorities announced an end to a nearly two-week boycott of the site over new Israeli metal detectors, cameras and railings installed after a July 14 attack killed two policemen. The final railings and…

Trump takes side, backs Saudi-led efforts to isolate Qatar

WASHINGTON: US President Donald Trump threw his weight behind efforts to isolate Qatar on Tuesday, backing Saudi Arabia and its allies after they cut ties with Doha over claims it supports extremism. In a surprise move against a key US ally, Trump suggested Qatar — home to the largest American airbase in the Middle East — was funding extremism as he tacitly backed the diplomatic blockade of the emirate. “So good to see the Saudi Arabia visit with the King and 50 countries already paying off,” Trump said in a morning…