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PM boosts confidence of people by taking revolutionary steps: info minister

ISLAMABAD: Minister for Information and Broadcasting Fawad Chaudhry on Sunday said that Prime Minister Imran Khan has boosted the confidence of people by taking revolutionary steps.    "Imran Khan is the custodian of public money," he said in an interview with a local TV channel. The minister said that the leadership of the newly elected government of Pakistan Tehreek-e-Insaf (PTI) has adopted austerity measures and abolished the discretionary funds. He said that Imran Khan while adopting austerity measures left his…

Firmer US dollar boosts corporate interest in currency hedging

NEW YORK: US multinational companies are starting to reevaluate their currency hedging strategies after a surge in the dollar in recent months, as the impact of the stronger greenback starts to show up in second-quarter corporate earnings. A stronger dollar claimed Netflix as its first victim of the earnings season on Monday. The company, which does not hedge its revenue with derivatives, said foreign exchange rates pushed its expectations on the 2018 operating margin to near the lower end of its target range. “This will…

Coffee is the best concoction to enhance teamwork: Study

A new study suggests that a little coffee could help to boost teamwork. Coffee is known to keep us more alert and focused, so many of us use it to boost our energy levels and productivity. However, it turns out that this popular stimulant may help to sustain not only individual effort but also constructive interaction within a team. As the results of a new study, led by researchers at Ohio State University (OSU) in Columbus and published in the Journal of Psychopharmacology, suggest, individuals who drink a cup of…

China boosts defence spending, rattling its neighbours’ nerves

BEIJING: China unveiled its largest rise in defence spending in three years on Monday, setting a target of 8.1 percent growth for this year, fuelling an ambitious military modernisation programme and making its neighbours nervous. The 2018 defence budget will be 1.11 trillion yuan ($175 billion), according to a report issued at the opening of China’s annual meeting of parliament. The defence spending figure is closely watched around the world for clues to China’s strategic intentions as it develops new military…

China data boosts world stocks and commodities, oil jumps

LONDON: World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while US oil futures jumped to a near six-month high as an escalation in fighting between the Iraqi government and Kurdish forces threatened supply. Asian shares rallied to a decade high after figures showed China’s producer prices beat market expectations to rise 6.9 percent in September from a year earlier. Copper hit three-year highs. Prices of iron ore and coke, key ingredients in steel-making, jumped with Dalian iron ore futures,…

Lack of sleep boosts chance of death by heart failure

NEW YORK: Not getting enough sleep can double the chances of dying from heart disease or stroke, particularly in people with risk factors like diabetes, obesity, high blood pressure and cholesterol, US researchers said Wednesday. The findings in the Journal of the American Heart Association were based on 1,344 adults who were randomly selected for a sleep study in Pennsylvania. Participants' average age was 49, and 42 percent were men. They were recruited to undergo a series of health screenings, and spend one night…

Stimulant boosts function in patients recovering from depression

LONDON: People recovering from depression but struggling with its effect on memory, concentration and cognitive function may benefit from the stimulant modafinil, according to results of a small study published on Tuesday. Modafinil is a generic drug usually prescribed for sleep disorders such as narcolepsy. But in a trial of modafinil versus placebo in patients recovering from depression, researchers at Britain's Cambridge University found the drug prompted significant improvements in memory and higher scores in a test.…