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Caged Lion of Punjab: the fall of Nawaz Sharif

Three times he has ruled Pakistan, and three times he has been deposed. Now Nawaz Sharif, the "Lion of Punjab", is watching the triumph of his great rival Imran Khan from behind bars. Sharif, imprisoned since mid-July, is serving a 10-year sentence for corruption. His daughter and political heir Maryam is similarly imprisoned, while his wife Kulsoom is fighting cancer in London. And the great gamble he took in returning to Pakistan days ahead of the July 25 election has failed to galvanise support. Instead, Khan is…

Dips in Facebook and Apple leave Wall Street lower

NEW YORK: Wall Street dipped on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session ending early ahead of the U.S. July 4 holiday. Facebook dropped 2.35 percent after the Washington Post reported a federal probe on the data breach linked to Cambridge Analytica was broadened and will include more government agencies. The dip in the social media company’s stock, along with a 1.7 percent slide in Apple, weighed on the S&P technology sector, which fell 1.37 percent. Energy…

Yemenis fall deeper into poverty on eve of Ramadan

SANAA: Marketplaces in Yemen's rebel-held capital Sanaa were stacked with produce on the eve of the holy month of Ramadan, but there were barely any customers with the means to buy. Prices have spiked over the course of Yemen's conflict, which since 2015 has pitted a Saudi-led coalition against the Iran-backed Huthi rebels and seen the country's largest port reduced to a wasteland under de facto blockade. Millions of Yemenis are living on the edge of famine in what the United Nations calls the world's gravest…

Bitcoin falls below $9,000 in latest slump

WASHINGTON: Bitcoin fell below $9,000 Friday afternoon to a daily low of $8,587, according to CoinDesk's Bitcoin Price Index. The latest fall is said to triggered by regulation fears. On Thursday, the US Securities and Exchange Commission warned of “potentially unlawful” systems that trade crypto-currencies, which investors may use with an unearned sense of safety. The world's biggest and best-known digital currency BTC=BTSP was last down 7.53 percent at $9,924.03 on the Luxembourg-based Bitstamp exchange yesterday. It…

London house prices in first annual fall since 2009

LONDON: The average price of a home in London dropped in 2017 for the first time in eight years on fallout from Brexit, data showed on Thursday. While prices were up nationwide, they were down in London for the first time since 2009, mortgage lender Nationwide calculated. UK house prices rose by 2.6 percent overall last year -- slower than the 4.5 percent seen the previous year -- said Nationwide, whose monthly survey is closely watched by markets. However, "London saw a particularly marked slowdown, with prices…

Pakistani rupee extends fall after State Bank of Pakistan withdraws support

KARACHI: The Pakistani rupee fell for a third straight session on Tuesday after the central bank withdrew its support on Friday, effectively devaluing the local currency. It was at 110.25 per dollar at 11 am (0600 GMT) after opening at 108.41, traders said. It had opened at 105.55 per dollar on Friday. The Pakistani rupee, which has mostly traded in a tight range of 104-105 per dollar since December 2015, has shed over 5 percent in the past three sessions. Read More: Pakistani rupee weakens further after SBP pulls…

VIDEO: Fish fall from sky with rain in Mexico

MEXICO: No cats or dogs, but it rained fish this week in Mexico. Yes, it literally happened. According to civil defense officials in northeast Mexico, a light rain was accompanied by small fish that fell from the sky. Tamaulipas civil defense says in a brief statement that rain Tuesday in the coastal city of Tampico included fish. Photos and video posted on the agency’s Facebook page show four small fish in a bag and another on a sidewalk. Many commenting on the post offered possible…

VIDEO: Man busy on phone drives his scooter right into giant sinkhole in China

SHANGHAI: A shocking video clip has emerged showing how a man, who was busy talking on the phone, fell right into a massive sinkhole. According to Shanghaiist, the hole was 32-feet wide and 6-feet deep. It was also reported that the man wasn't seriously injured in the accident, and actually climbed out of the hole himself. The shocking incident took place on Guangxi road in China, a scooter drove right into a massive sinkhole that had suddenly formed. Sharing the video on Facebook, the page captioned it: “Massive…

VIDEO: Man tries to lift heavy weight in hilarious gym fail

A video of a man was going viral of late, showing him attempting squats at a gym with heavy weight…but it ended up hilariously. Hilarious footage shows the man, who is wearing grey tracksuit bottoms and a white tank top, loading up a bar with at least eight weights on each end. He tried to squat 855 pounds of plates that were perilously clinging to the bar unsecured, and his slight adjustment sent them plummeting to the floor. He places it on his shoulders and can be seen trying to steady himself before…

VIDEO: Former Indian TV anchor dies after tree falls on her

A former Indian TV news anchor died tragically during a morning walk when a coconut tree fell on her. The incident which took place last week was captured by a CCTV camera installed at a nearby shop and the video went viral. Kanchan Nath, 58, who had sustained severe injuries after the tree fell on her, died on Saturday morning, confirmed her husband Rajat. The footage shows Ms Nath collapse after a coconut tree suddenly came crashing down on her during the walk. Passers by gathered at the spot and pulled her…