Skip to main content

Featured

Wall Street Futures Surge as Fed Hints at More Cuts, Nvidia’s $5B Intel Bet Lifts Tech

  U.S. stock futures climbed on Thursday, with the Nasdaq leading gains, after the Federal Reserve cut interest rates by 0.25 percentage points and signaled two more reductions could follow in 2025. Dow Jones Industrial Average futures rose 0.7%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures jumped 1.2%, buoyed by a sharp rally in tech stocks. Intel shares surged nearly 30% in premarket trading after Nvidia announced a $5 billion investment in the struggling chipmaker, though the deal stops short of a manufacturing partnership. The Fed’s move, aimed at supporting a slowing economy amid high inflation and a weakening labor market, initially sparked caution, but optimism returned as investors bet on a more accommodative policy path. If gains hold, the S&P 500 is set to open above 6,700 for the first time, extending September’s unexpected rally. Traders are now watching weekly jobless claims for further clues on the labor market, while corporate earnings — including ...
Post a Comment
Read more

article

Labels

Pakistan's Crackdown on Afghan Refugees: A Controversial Move


In recent weeks, Pakistan has intensified its efforts to arrest Afghan citizens residing in the country without proper documentation. This move has sparked significant controversy, with the Afghan Embassy in Islamabad accusing Pakistan of attempting to expel all Afghan refugees from its territory.

The Afghan Embassy issued a strongly worded statement, condemning the short timeframe given by Pakistani authorities and the unilateral nature of their decision. The embassy claimed that Afghan nationals in Islamabad and Rawalpindi have been subjected to arrests, searches, and orders to leave the cities and relocate to other parts of Pakistan.

Pakistan's Foreign Ministry has dismissed these allegations, stating that the authorities are merely facilitating conditions for the swift return of Afghans to their home country. The ministry emphasized that Pakistan has long threatened to deport Afghans living in the country illegally.

Prime Minister Shehbaz Sharif recently approved a March 31 deadline to deport those awaiting relocation to third countries unless their cases are swiftly processed by the governments that have agreed to take them. This decision appears to reverse an earlier extension granted to Afghan refugees registered with the UNHCR, which allowed them to stay in Pakistan until June 2025.

Since 2023, more than 800,000 Afghans have either returned home voluntarily or been expelled by force from Pakistan, according to the International Organization for Migration. The Afghan Embassy has expressed serious concerns about the mass expulsion of Afghan refugees within such a short timeframe and the lack of formal communication from Pakistani authorities.

The situation remains tense, with Afghan refugees in Pakistan facing an uncertain future as the March 31 deadline approaches.



Labels:

Comments

Post a Comment