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Foreign investment inflows into Pakistan’s domestic bonds have taken a sharp turn, with disinvestment of $78 million recorded in the first half of August, signaling a reversal from the record inflows seen in July. According to data released by the State Bank of Pakistan (SBP), foreign inflows into T-bills during the first 15 days of August stood at $8.2 million, while outflows surged to $86.3 million, resulting in a net outflow of $78.15 million. The overall inflows for July and mid-August were $271.5 million, while outflows reached $180 million, leaving a net investment of $91.5 million. This sudden outflow is attributed to a drop in returns on treasury bills (T-bills), which investors expect may decline further in the coming months. In July, T-bill inflows had reached a record $258.3 million, buoyed by a stable exchange rate and attractive returns.The reversal in investment trends is primarily linked to the SBP’s decision to cut interest rates by 100 basis points to 19.5% on July 29, which has reduced the returns on T-bills. The returns have already dropped to 17.4% and 16.99% for 12-month T-bills, making them less attractive to foreign investors. Financial experts anticipate further declines in T-bill inflows as the government struggles to secure a $7 billion loan from the International Monetary Fund (IMF), which has reportedly asked Pakistan to arrange a $12 billion rollover from China, Saudi Arabia, and the UAE. While the returns on T-bills remain high compared to other developing economies, offering foreign investors lucrative gains, experts warn that further interest rate cuts—expected in the next monetary policy announcement—could deter foreign interest. The stable exchange rate and the SBP’s foreign exchange reserves of $9.4 billion had initially supported the inflows, but declining inflation and the prospect of further rate cuts may reduce the appeal of Pakistani bonds. In the previous fiscal year, Pakistan received total inflows of $580.8 million into T-bills. However, the recent outflows signal potential challenges ahead, especially as the country faces external debt servicing difficulties and struggles to raise funds from international markets despite recent improvements in credit ratings by Fitch and S&P. https://profit.pakistantoday.com.pk/2024/09/07/foreign-investors-pull-78mn-from-t-bill-amid-falling-returns/
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US health officials have confirmed a human case of bird flu in a patient that had no immediately known animal exposure. The patient, in the state of Missouri, was treated in hospital and has since recovered, the Centers for Disease Control and Prevention (CDC) said. It is the 14th human case of bird flu in the US in 2024 and the first without a known occupational exposure to infected animals, according to the CDC. The agency said that, based on their current data, the risk to the general public remains low. Bird flu is a viral disease that primarily affects birds and other animals. Human infections are rare. Previous US cases have been traced back to exposure to infected poultry or cattle, but the Missouri patient marks "the first case of H5 without a known occupational exposure to sick or infected animals," the CDC said in a statement on Friday. The Missouri case was detected through routine flu season surveillance. The patient had underlying medical conditions, and received flu antiviral medications. Bird flu has been on the rise among cows in the US this year. An outbreak was first reported in March, and cattle in 14 states had been affected as of 3 September, according to the CDC. While outbreaks of bird flu have not been reported in Missouri's cattle, it has been reported in poultry this year and in wild birds in the past, health officials said. US health officials discovered a human case of bird flu in March 2024, which was identified after an exposure to dairy cows that were potentially infected. Bird flu was first detected in China in the 1990s, and has since spread across every continent including Antarctica. World health officials believe the current risk to humans is low, but have actively monitored the disease for years. https://www.bbc.com/news/articles/cy0rzqwxp7jo
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So much of the conversation about EVs isn't about EVs. We owe much of this to Elon and identity politics, of course, but even with the political shellac stripped back, we rarely talk about EVs in the context of "normal" automobiles. The automakers are partly to blame. In a desperate bid to separate their EV lineup from "traditional" vehicles, most automakers divert from established norms. For example, Mercedes won’t simply sell you an EV that looks, feels, and drives like an E-Class. Instead, it builds the awful EQE.It’s a Mercedes sculpted by painfully generic "aero" body lines, wrapped around a dysfunctional interior. The EQE is an astonishingly fast vehicle that’s less joyful to ride than your dentist’s chair. This is nearly an industry-wide phenomenon. Automakers think that because EVs use a fundamentally different means of propulsion that customers expect a fundamentally different driving experience. What if, however, a company took its most-beloved model and did something different, preserving or even enhancing its road manners? Take BMW. What if it built a normal 3 Series sedan that happened to have some batteries in the floor? How would it drive? How would it function?BMW calls this mid-size EV sedan the *deep breath* 2024 BMW i4 eDrive35 Gran Coupe. Effectively, it’s a classic 3 Series sedan with a liftback, saddled by some clunky nomenclature. That’s where the bad news ends. Once you hurdle the awkward naming conventions, you’ll find BMW has adhered to its older, better conventions. Like every single 3 Series, the i4 GC looks great, drives pleasantly, and folds into daily life like it was borne into your own garage. During a week with the i4 Gran Coupe, I ran errands, suffered traffic, chased one sunset down a mountain backroad, and generally just lived with the car. The i4 didn’t misstep even once. https://www.motor1.com/reviews/732414/2024-bmw-i4-ev-review/
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LAHORE: A "Connection Camp" of the Pakistan Cricket Board (PCB) will decide the Pakistan team's future later this month, Geo News reported on Saturday citing sources. The Connection Camp will comprise a meeting as well as a workshop to shed light on different aspects related to the national cricket team.The sources said the meeting will be presided by PCB Chairman Mohsin Naqvi and attended by white ball and red ball coaches, Gary Kirsten and Jason Gillespie, heads of high performance centres, senior cricketers, board officials as well as international and domestic directors. The meeting is expected to take place on September 22, they added. Decisions about fate of the team would be taken in light of the recommendations made in the Connection Camp, the sources maintained. It should be noted that Kirsten had gone to his homeland after submitting a report to the PCB in July, whereas, Gillespie went back to Australia after the Bangladesh Test series fiasco. The sources said the coaches of red ball and white ball cricket would hold a separate meeting among themselves. Moreover, they said, ideas will be exchanged about replacing captains of the shorter and longer formats of the game as there are fair chances of replacement of the skipper for the white ball format. On the other hand, Test skipper Shan Masood’s captaincy will also be scanned. A day ago, sources had told Geo News that wicket-keeper batsman Mohammad Rizwan has emerged as the hot contender for the post of captaincy, though initially for the white ball cricket only. The sources said that the PCB’s snubbing Babar Azam from captaincy in the Champions One-Day Cup was an indication that he might not stay the national squad’s captain in the longer run. There was a fair chance of appointment of a new captain in place of the star batsman later this year, the sources said, adding that the appointment of new skipper for one-day international and T20 formats was likely ahead of the Australia tour, slated for November. The sources said Rizwan’s name was likely to be discussed for the lead role. If agreed upon, the wicket-keeper might be appointed as captain for all the three formats in the future, they maintained. https://www.thenews.com.pk/latest/1227931-pakistan-teams-future-to-be-decided-on-recommendations-of-pcb-connection-camp
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Struggling with lower back pain? This unsuspecting ingredient in your diet may be exacerbating the issue! According to digital creator Dr Jeff Winternheimer DC, you need to stay away from corn and its derivatives—like syrup, sugar, chips, and oil—if you want to relieve your spine. But how are the two connected? indianexpress.com spoke to a health expert to uncover the link.“While natural, unprocessed corn is healthy, it loses its nutrients during processing and affects our bodies differently. So, if you include corn in your diet, make sure it’s whole and unrefined,” said Dr Siddhant Bhargava, fitness and nutritional scientist, and co-founder of Food Darzee. “Processed corn can trigger an inflammatory response in the body that significantly contributes to pain, including lower back pain.” According to him, inflammation can slow down the healing process and exacerbate conditions like lower back pain. “Moreover, processed corn can cause a rapid spike in insulin levels, leading to further inflammation and weight gain. Excess weight puts additional strain on the spine, worsening lower back pain,” Dr Bhargava said.“Corn has B vitamins and minerals as well as dietary fiber that can be good for overall health if consumed in moderation. Whole corn also contains antioxidants which may help reduce oxidative stress in the body,” said Bhargava.An anti-inflammatory diet helps ease lower back pain, according to the doctor. It is important to eat a lot of fruits and vegetables rich in antioxidants – like berries, dark green leafy vegetables and cruciferous veggies. https://indianexpress.com/article/lifestyle/health/nutritionist-corn-avoiding-this-food-item-if-you-have-lower-back-pain-9497663/
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KARACHI: The zoo has lost its last surviving member of the tiger family, it emerged on Friday. Sources said that the old Bengal tigress died on Thursday after remaining seriously ill for some time. The facility is now left with two lionesses, a lion and a pair of lions. “She was one of the oldest members of the zoo family. In recent weeks, she had developed multiple health complications,” a zoo official said, adding that the big cat was provided the much-needed treatment, but she couldn’t recover. “In recent months, we were able to save an old lioness whose condition had deteriorated to an extent that we thought it would die,” he said. The zoo director wasn’t available for comments. The sources said the Bengal tigress had a solitary existence for a long time. Other members of the zoo tiger family, including an imported pair and a male big cat brought in from Lahore through an animal exchange programme, died over the years. The sources shared that while the zoo had kept several pairs of Bengal tigers in different times, the facility had never seen a birth in the species in decades. “The lions’ case was a bit different. There had been a few births in this species but the babies either couldn’t survive or went missing,” shared a zoo official on the condition of anonymity, hoping that the cubs recently born to a zoo lioness would survive. https://www.dawn.com/news/1857453/karachi-zoos-lone-bengal-tigress-loses-battle-for-life
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A rescue centre for exotic animals has said it is "saddened" to have to close after its mini-zoo was forced to shut down earlier this year. Cookham Rescue Centre announced on Wednesday that it was unable to keep paying rent at its site on Lower Mount Farm on Long Lane. The centre said its animals would be relocated to other zoos and rescue centres, but added that it said it was still raising funds to set up a smaller facility where it can keep looking after some animals. It comes after it had to close its mini-zoo earlier this year after failing to get planning permission. The zoo, opened in May 2023, had not been issued planning permission at the time it was opened. This was then refused by Royal Borough of Windsor and Maidenhead Council in March this year, on the basis that it would cause harm to the green belt. In a statement the rescue centre said: “Despite our best efforts over the past six months, circumstances beyond our control have forced us to leave our beloved facility." The centre said its team had “worked tirelessly" on the zoo project. “Unfortunately, despite our best efforts to comply with local regulations, the council decided in March that our facility was not suitable for the greenbelt, even though other businesses on the land were approved.” It added: “With our rent remaining the same despite the facility not being able to use it for the agreed purpose we find ourselves unable to continue to pay for the property.” The rescue centre has set up a GoFundMe page seeking to raise £10,000 from supporters to set up a smaller facility. Animals housed there would include two wolfdogs Otis and Pippa, which the team had been unable to relocate and had "formed strong bonds with their keepers". https://www.bbc.com/news/articles/c0l8jg5g34go
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Russian air strikes have injured at least 41 people in the Ukrainian city of Kharkiv, officials have said. Regional head Oleh Syniehubov said five children were among those wounded and he accused Moscow of "aiming exclusively at civilian infrastructure" in the city. Among the buildings damaged are a supermarket and a sports complex in areas residents go to every day, he added. "Russia is once again terrorizing Kharkiv, striking civilian infrastructure and the city itself," President Volodymyr Zelensky said in the wake of the attacks.Mr Zelensky repeated his calls for Western allies to "give Ukraine everything it needs to defend itself". Mr Syniehubov said at least 10 separate Russian strikes had been recorded, including the use of ballistic missiles. People may be buried under the rubble in some areas and rescue operations are continuing, he added. From several videos shared on social media of the attacks, BBC Verify has located one strike to the northeast of the centre of Kharkiv, along Akademika Pavlova St, and another three miles south which damaged the city's Palace of Sport buildings. Images from each attack include the moment of impact and explosion from missiles. The attack comes after Ukraine launched a wave of overnight drone attacks against targets in Russia, where fire broke out at two energy facilities. No injuries or deaths have been reported by Russian officials. According to Russia’s defence ministry, more than 158 Ukrainian drones targeted 15 regions of the country, including the capital Moscow. The Russian military said the drones were intercepted and destroyed.But as a result of the attack a fire has broken out at an oil refinery in Moscow in a “separate technical room”, the city's mayor said. Sergei Sobyanin reported that at least 11 drones targeted the capital city and the surrounding areas. Meanwhile, 75 miles (120km) from the Russian capital, in the Tver region, loud blasts were heard close to the Konakovo Power Station. Russian media are reporting a fire at the facility. The region's governor, Igor Rudenya, acknowledged a fire caused by an attack in Konakovsky district had been contained, without providing details of what was hit. Local officials also said drones attempted to attack the Kashira Power Plant in the Moscow region - but that there were no fires, damage or casualties as a result. BBC Verify has examined and verified videos posted on social media which show explosions at all three locations. In the footage, fires appear to have subsequently broken out at Konakovo Power Station and the Moscow refinery. Ukraine has not commented on the claims. But Ukrainian forces have been stepping up long-range strikes inside Russia over the past few months, launching scores of drones simultaneously at strategic targets several times a week. BBC News has been told that Western technology and finance are helping them carry out hundreds of long-range strikes inside Russia. https://www.bbc.com/news/articles/cyvp1089q9jo
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Bamba, who was working as a technical director at Turkish second division side Adanaspor, fell ill before the club's clash against Manisa FC on Friday. He was rushed to the Manisa Celal Bayar University Hospital where he passed away. The official statement from Adanaspor read: "Our technical director Souleymane Bamba, who fell ill before the match against Manisa Football Club yesterday, was taken to Manisa Celal Bayar University Hospital and unfortunately lost his battle for life there. Our condolences to his family and our community."Bamba graduated from Paris Saint-Germain's youth academy and made his senior debut for the club in 2004. He moved to England in 2011 when he joined Leicester City before playing for clubs like Leeds United, Cardiff City and Middlesbrough. He retired from professional football in 2022. At international level, he represented Ivory Coast in 46 matches where he scored once and was part of the squad that finished runners-up at the 2012 Africa Cup of Nations.Bamba's former clubs Cardiff City and Leeds United paid tributes to him. In a statement, the Bluebirds wrote: "As a player and coach, Sol's impact on our football club was immeasurable. He was a hero to all of us, a leader in every dressing room and a true gentleman. Our thoughts are with his friends, family and everyone lucky enough to know and love Sol." Leeds wrote: "Our thoughts and condolences are with his family and friends at this tragic time. Rest in peace, Sol, you will be forever in our hearts." Leicester added: "We are all devastated to hear that our former defender, Sol Bamba, has passed away, aged 39. Sol, a po[CENSORED]r figure during his brief but memorable stay in Leicester, made 55 appearances for the Foxes, scoring four goals. Our thoughts are with Sol’s friends and family at this sad time." https://www.goal.com/en-us/lists/sol-bamba-ex-leeds-cardiff-ivory-coast-defender-dies-aged-39-former-clubs-pay-tribute/blt50195ed84e8f3c80