Barclays to slash 5,000 jobs in AI-powered cost-cutting drive

Barclays said it is cutting ​around 5,000 jobs or 5% of its workforce this year, as it uses technology such as AI to slash ‌fixed costs and improve returns. The job cuts were revealed as Barclays reported third-quarter profit of £2.3 billion ($3.08 billion), up 12% from a year ago but undershooting analysts’ forecasts as its fixed income trading business underperformed. “I am disappointed, and you can be sure this will get my attention,” CEO C.S. Venkatakrishnan said about the bank’s traditional ​strength in fixed income trading, blaming a volatile…

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Zardari to visit Germany to boost trade and economic ties

President Asif Ali Zardari will undertake a visit to the Federal Republic of Germany from October 22 to 24, a press statement issued by the Foreign Office said on Thursday. During his visit, the president will hold meetings with the President of the Federal Republic of Germany as well as senior leadership and business leaders to discuss Pakistan–Germany bilateral relations, with a particular focus on economic and trade cooperation. The visit is part of high-level exchanges between Pakistan and Germany and holds special significance in the context of the 75th…

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Saudi-led coalition intercepts drone over Riyadh

The Saudi-led coalition said on Thursday it had intercepted and destroyed a drone in the Riyadh region, as hostilities involving Yemen’s Houthi group and the coalition continue to escalate. Coalition spokesperson Turki Al Maliki announced the interception in a brief post on X but did not disclose the drone’s origin or intended target. Meanwhile, Yemen’s armed forces said they had carried out 835 strikes against Iran-backed Houthi targets over the past 24 hours, claiming to have neutralised around 285 fighters and commanders and destroyed or disabled about 190 military vehicles…

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After generations in Central Park, horse-drawn carriages face a ban

To observers, the horse-drawn carriages driven by coachmen in black top hats, ferrying passengers through Central Park and nearby Manhattan ​streets, can seem like relics from another time. They soon may be. The carriages have rolled through Central Park since the 1800s but more recently have been condemned by ‌animal rights activists, who say the horses are subjected to inhumane and unsafe conditions. On Thursday, New York City lawmakers are set to vote on a bill that would ban the carriages beginning June 1, 2028. While attempts over the last…

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Tait praises Pakistan’s pace-spin balance after winning start to tri-series

Pakistan bowling coach Shaun Tait has praised the team’s pace and spin combination after consecutive victories over Sri Lanka and England in the ongoing ODI tri-nation series, saying the bowlers have made an encouraging start against quality opposition. Pakistan defeated Sri Lanka by 37 runs in their opening match before beating England by 87 runs at Rawalpindi Cricket Stadium to move to the top of the standings. Speaking to PCB Digital, Tait said the bowling unit had complemented each other well, particularly in the match against England, whose batting line-up…

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Sri Lanka elect to field against England in tri-series clash

Sri Lankan skipper Kusal Mendis won the toss and elected to field against England in the third match of the ongoing tri-nation ODI series at Rawalpindi Cricket Stadium on Thursday. Both sides will look to put in strong performances and improve their position in the series after losing their opening match against host Pakistan. Before the match, the England and Sri Lanka squads held intensive practice sessions at the stadium, focusing on batting, bowling and fielding as they finalised their preparations. Earlier, Pakistan defeated Sri Lanka and England to go…

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Israeli settlers steal Palestinian olives as harvest attacks grow more violent

Brought to tears as he recalled Israeli settlers hitting his cherished olive trees with sticks and taking off with the olives, Palestinian Ahmed Salem said he feared being attacked if he tried to intervene. Settlers have intimidated Palestinians harvesting their olives ​in the occupied West Bank for decades, but this year, not only has violence increased sharply, theft has been widespread, according to Palestinians, Israeli rights groups and the UN. The settlers dumped Salem’s olives into sacks and then drove ‌them to a nearby Israeli settler outpost to be pressed…

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Australian TV reporter rescues man from sinking car during floods

An Australian ​television reporter and a bystander rescued ‌a man from a car as it was engulfed by floodwaters on ​Thursday, footage of the incident showed. Will ​Murray, a journalist with Australia’s public ⁠broadcaster ABC, was reporting on ​flooding north of the city of Brisbane ​in Queensland state when a man drove a four-wheel drive through water. It then stalled ​and started to sink, the ​ABC said. Murray and another man swam out to ‌the ⁠car and pulled the driver from the vehicle, moments before it was completely submerged. “The…

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PM Shehbaz in Peshawar to review KP security situation

Prime Minister Shehbaz Sharif arrived in Peshawar on Thursday for a day-long visit during which he is scheduled to chair a high-level meeting, including an Apex Committee session, to review the law and order situation in Khyber Pakhtunkhwa. Interior Minister Mohsin Naqvi and Information Minister Attaullah Tarar accompanied the prime minister, while Deputy Prime Minister Ishaq Dar is also expected to join the visit, according to reports. The meetings at the Governor’s House will review the province’s security situation, efforts to maintain peace and stability, and recent political developments. The…

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A war of narratives

“So whose narrative is prevailing?” “The Man Who Must Remain Nameless, Voiceless and Faceless…” “Which component of the three characteristics that you itemized and which apply to this day did you not understand?” “Oh I wasn’t going to quote him, besides no one but no one can legitimately quote him because he is in isolation….” “Not true apparently he has been given a couple of poor convicts to clean and to give him food and….why are you laughing?” “Elite culture even in our jails.” “I visited the jail that Nelson…

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