6 h. ago Twins, 12, among those killed in Indian border town in Pakistani shelling: ‘We are paying with our blood’

Pakistan’s attack in Poonch has left a trail of devastation, with homes shattered and families torn apart in the border town that never saw it coming, Shweta Sharma and Mohammad Dawood report

Events

6 d. ago Markets rally after better than expected data shows US added 177,000 jobs in April – business live

Live, rolling coverage of business, economics and financial markets as US employment figures for April came in higher than expected with 177,000 jobs, boosting European markets as they hope for a thaw in US-China relationsEurozone unemployment was steady 6.2% in March – unchanged relative to a revised February reading.The youth unemployment rate was 14.2%, down from 14.3% in the previous month. Continue reading...

Society

6 d. ago UK to ban buying bitcoin on credit card; stocks rise on hopes of US

Live, rolling coverage of business, economics and financial markets as Financial Conduct Authority considers restricting use of credit to buy crypto; stock markets gain on hopes of US-China trade thawEurozone unemployment was steady 6.2% in March – unchanged relative to a revised February reading.The youth unemployment rate was 14.2%, down from 14.3% in the previous month. Continue reading...

Politics

6 d. ago Stock markets gain as China ‘evaluates’ offer of US trade talks – business live

Live, rolling coverage of business, economics and financial markets as FTSE 100 gains on hopes of US-China trade thaw; Shell profits drop 28% to $5.5bnCommodities companies are among the best performers on stock markets this morning.They would be among the best placed to benefit from the US backing down in its trade war with China. The FTSE 100 has a lot of Europe’s big mining listings, and they are leading the way on Friday. Continue reading...

Economics

6 d. ago Shell profits fall as big oil faces slump in prices; UK cuts NatWest stake below 2% – business live

Live, rolling coverage of business, economics and financial markets as FTSE 100 oil company profits drop 28% to $5.5bnStock markets have gained across Europe, as investors welcomed signs of a possible thaw in the trade war between the US and China.Germany’s Dax gained 1.2% in the early trades, while France’s Cac 40 was up 1.4% – after both were closed over the May Day bank holiday. The Stoxx 600 index, which tracks big companies across Europe, rose by 0.9%. The FTSE 100 was up 0.9%.“The US has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China,” the statement said, adding that Beijing was “evaluating this”.“Attempting to use talks as a pretext to engage in coercion and extortion would not work,” it said.This optimism has continued overnight after China’s Ministry of Commerce said that it’s evaluating trade talks with the US. The ministry said this comes as “the US has recently sent messages to C...

Economics

1 week ago Indian military says Pakistani troops fired at positions along border in disputed Kashmir overnight

The Indian military says Pakistani soldiers fired at Indian posts all along the highly militarized frontier in disputed Kashmir for a second consecutive night

Events

2 w. ago India summons top Pakistani diplomat after Kashmir attack kills 26 – reports

India has reportedly summoned the top diplomat from Pakistan’s embassy to give notice that all defence advisers in its mission are persona non grataIndia has summoned Pakistan’s top diplomat in New Delhi, local media reported on Thursday, a day after it announced measures to downgrade ties with Islamabad over a deadly militant attack in Kashmir.A day after suspected militants killed 26 men at a tourist destination in Kashmir – in the worst attack on civilians in the country in nearly two decades – Indian foreign secretary Vikram Misri said there was cross-border involvement in the attack and that New Delhi would suspend a six-decade old river-sharing treaty, as well as close the only land crossing between the neighbours. Continue reading...

Events

2 w. ago Indian closes land border with Pakistan after 26 tourists killed in Kashmir attack

Water treaty also suspended amid hunt for militants said to have executed men unable to recite Islamic versesIndia has closed a key land border with neighbouring Pakistan, cancelled a water-sharing treaty and barred Pakistan’s citizens from entering under a visa exemption scheme following Tuesday’s attack by Islamic militants in Kashmir that killed 26 tourists.The moves come as India’s defence minister, Rajnath Singh, said those who carried out and planned the Kashmir region’s worst attack on civilians in years, including those “behind the scenes”, would see a swift response. Continue reading...

Events

4 w. ago Judge rejects new trials for 2 convicted of human smuggling in death of family of 4 from India

A federal judge has rejected requests for new trials for two men convicted on human smuggling charges in the deaths of four members of a family from India who froze to death while trying to cross the Canadian border into Minnesota during a blizzard in 2022

Events