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SBP caps bank charges on digital sales of petroleum products to minimise burden on fuel stations – Business

ISLAMABAD: Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on sales of petroleum products through digital payment methods — including debit and credit cards and online transfers — to minimise the financial burden on fuel stations and promote digital inclusion. Under the decision, merchant discount rates (MDR) for…

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Michigan Democrats choose between Abdul El-Sayed and Haley Stevens, and more races to watch today

Voters are going to the polls in five states, including Michigan, where Democrats are watching the expensive and contentious Senate primary contest between populist Abdul El-Sayed and moderate Rep. Haley Stevens. They’re running for retiring Democratic Sen. Gary Peters’ seat, which is among a handful that Democrats must hold in order to have any chance…

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SpaceX set to release its first earnings report as a public company. Here’s what to look for.

SpaceX is set to issue its first earnings report as a public company on Tuesday, offering a detailed look at how the rocket, satellite and AI provider is faring after its ballyhooed initial public offering in June.  SpaceX shares have sputtered after initially soaring following the transaction, the largest IPO in U.S. history. The company’s…

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Newsom blamed Trump for high-speed rail’s $4 billion funding cut. Records show California never bought the trains it promised.

California’s High-Speed Rail Authority repeatedly missed key deadlines to buy its trains, a failure federal officials cited when they pulled $4 billion in funding a year ago. More than a year and a half after the original deadline, the authority still cannot say when it expects to award the contract. The state says that the…

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Parts of Karachi receive light showers; more rain expected – Pakistan

KARACHI: Parts of Karachi received light rain on Saturday, with the Pakistan Meteorological Department (PMD) predicting more showers till Monday. Light rain was reported in Gulshan-i-Maymar, Gulshan-i-Hadeed, Super Highway and nearby areas, DawnNewsTv reported. Meanwhile, the PMD has predicted light to moderate rain with dust and thunderstorm in Karachi from today till August 3. According…

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Pentagon weighs eliminating civilian tenure at military academies and reviewing all curriculum, draft memo says

Washington — The Defense Department is considering its most sweeping remake of military higher education, according to an unreleased draft memorandum obtained by CBS News that would abolish civilian tenure and overhaul course offerings at the military service academies and senior war colleges that educate future military officers.  The memorandum, labeled “Refocusing the Military Service…

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What the fires burning near Bordeaux’s vineyards could mean for France’s wine industry

As France battles what President Emmanuel Macron called the country’s worst wave of wildfires since World War II, there is also concern about the impact on one of the nation’s most prized industries. For generations, wine-making has been deeply woven into French culture and heritage. Now, winemakers and enthusiasts are worried about the economic impact…

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