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Philippines, Malaysia put Uber-Grab deal under anti-competition scrutiny

MANILA/KUALA LUMPUR: Philippines and Malaysia said on Monday they will look into whether Uber Technologies’ move to sell its Southeast Asian business to ride-hailing rival Grab hinders competition, days after Singapore began a probe into the deal on similar concerns. The expanded scrutiny of the deal in Southeast Asia could pose a major hurdle to the US firm’s attempt to improve profitability by exiting its loss-making regional operation. It also comes as Grab is set to face tougher competition from Indonesian rival…

IMF chief put under investigation in French fraud case

PARIS: International Monetary Fund (IMF) chief Christine Lagarde has been placed under formal investigation by French magistrates on Wednesday for her alleged role in a long-running political fraud case, a source close to the former French finance minister said.

Dr. Qadri can now leave country only under law: Rasheed

ISLAMABAD: Federal Information Minister Pervez Rasheed said Dr. Tahirul Qadri arrived in Pakistan with his wish, but he will now go through with law to leave the country, ARY News reported Tuesday. Talking to media in Islamabad, Rasheed said Qadri’s armed men and baton-wielding targeted policemen on Qadri’s directives at the airport yesterday. A new form of terrorism, along with the one already existing, is being introduced in Pakistan, brought by a person from abroad. We will fight this menace with courage. We will stamp…

Situation is now under control: ASF

KARACHI: A spokesperson of Airport Security Force (ASF) has said security forces have brought the situation at ASF Academy under control, ARY News reported Tuesday. He was speaking to media in the academy that came under attack.  ASF spokesman Colonel Tahir Ali said two terrorists arrived on a motorbike and started aerial firing, prompting panic in the locality. They came through Lady Hostel gate near Pehlwan Goth. Col. Ali said no casualties took place in the incident. He said security forces had begun search operation…