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Benazir Bhutto’s assassination was biggest loss of country: Dr Qadri

LAHORE: Pakistan Awami Tehreek (PAT) Chief Dr Tahirul Qadri has termed assassination of Mohtarma Benazir Bhutto, a biggest loss of the country, ARY News reported on Thursday. While paying tribute to the slain former first ever female prime minister of Pakistan, Dr Qadri said, Mohtarma Benazir Bhutto was a clever political leader, and was considered as one of the most dynamic figures in the world. “Benazir’s stance against terrorism was loud and clear”, he said, and added she wanted to see Pakistan as a modern Islamic…

India’s Modi suffers biggest state election loss, boosting opposition

NEW DELHI: India’s ruling party was set to lose power in three key states on Tuesday, dealing Prime Minister Narendra Modi his biggest defeat since he took office in 2014 and boosting the opposition ahead of national polls next year. The results in the heartland rural states of Rajasthan, Chhattisgarh and Madhya Pradesh could force the federal government run by Modi’s Hindu nationalist Bharatiya Janata Party (BJP) to raise spending in the countryside, where more than two-thirds of India’s 1.3 billion people live.…

China’s ZTE posts 1.1 billion first-half loss on impact from US supplier ban

HONG KONG: ZTE reported a first-half net loss of 7.8 billion yuan ($1.1 billion) on Thursday, weighed down by a ban on US firms selling parts to the Chinese telecom equipment maker that forced it to cease operations for three months. The result compared with the 7 billion to 9 billion yuan net loss estimate disclosed last month, and the 2.3 billion yuan profit booked in the same period a year earlier. Operating revenue in the first half fell 27.0 percent to 39.4 billion yuan. In June, the network equipment and…

State Bank of India posts third straight quarterly loss

NEW DELHI/BENGALURU: State Bank of India is confident of returning to profitability from the December quarter onwards as the impact of bad loans eases, its chairman said after the nation’s top lender by assets plunged to its third straight quarter of losses. India’s banks have been plagued by a surge in non-performing loans which hit a record $150 billion at the end of March. Twenty-one lenders led by SBI, in which the Indian government owns a majority stake, accounted for 86 percent of the pile. SBI’s gross…

Japan slip through to last 16 despite Poland loss

VOLGOGRAD, Russia: Japan became the only Asian side to progress to the World Cup’s last 16 on Thursday, slipping through despite losing 1-0 against already-eliminated Poland thanks to their lower tally of yellow cards, which meant Senegal went out. The ‘Samurai Blue’ needed a draw to definitely advance to the knockout rounds after they beat Colombia and drew with Senegal in the previous two games, reversing low expectations at the start of the tournament. Yet they still progressed in second place on account of having…