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Trump family’s crypto firm sues backer

WASHINGTON: World Liberty Financial, the crypto venture co-founded by US President Donald Trump and his sons, said on Monday it had filed a defamation lawsuit against Hong Kong-based crypto entrepreneur Justin Sun, in the latest escalation of a dispute between the project and one of its most prominent backers. World Liberty posted a copy of its lawsuit on X in which it accused Sun of launching a “public smear campaign” including cla­ims that it said were false. The crypto project – one of several lucrative crypto businesses co-founded or controlled by the Trump family — said that Sun had done things he wasn’t allowed to do with his tokens, including transferring them to crypto exchange Binance. In April, Sun sued World Liberty Financial saying the company had illegally frozen the tokens he had bought. Sun said World Liberty secretly installed tools to prevent the sale of his tokens after they became tradeable in September 2025. In it...
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5.2-magnitude earthquake jolts Islamabad, Pindi

Tremors were felt in Islamabad and Rawalpindi on Monday after a 5.2-magnitude earthquake was reported. According to the Pakistan Meteorological Department (PMD), the earthquake was recorded at 10:56am. It added that the epicentre was located near the Tajikistan–Xinjiang border region and had a depth of 128 kilometres. According to state-run PTV , the tremors were felt in Islamabad and Rawalpindi. Pakistan falls on three major tectonic plates — the Arabian, Euro-Asian and Indian — which create five seismic zones under the country. The intersection of multiple fault lines means that tectonic movements remain a frequent occurrence in the region. Last week, a 5.7-magnitude earthquake jolted parts of Islamabad and Khyber Pakhtunkhwa. Residents of Islamabad and KP also felt tremors on April 3, when a 6.1-magnitude earthquake struck the Hindu Kush region in Afghanistan. from Dawn - Home https://ift.tt/CmynFKq
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Bulls in control as PSX gains 4,000 points during intraday trade

The Pakistan Stock Exchange’s benchmark index on Monday rose 4,000 points during intraday trade. The KSE-100 index gained 4,170 points to reach 167,164.26 points from the previous close of 162,994.17 points at 11:29pm. According to Mettis Global , the sharp rally came as investors reacted positively to developments surrounding rising tensions between Iran and the United States, alongside efforts to stabilise the situation in key global energy routes. Global oil prices eased on Monday after US President Donald Trump said the country would begin an effort to free up ships stranded in the Strait of Hormuz, although the lack of a US–Iran peace deal kept prices supported above $100. Monday’s rally comes after the stock market ended its fourth consecutive session on a jittery note. The fall reflected investor nervousness over geopolitical tensions and surging oil prices, clouding the economic outlook. Analysts have warned that Pakistan’s inflation is likely to remain in double digits if...
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INTERVIEW: Qualifying for LA2028 Olympics Pakistan’s main focus, says Manzoor Sr

KARACHI: The year 2026 is crucial for Pakistan hockey that has endured many crises on and off the field for ages. After a gap of eight years, the national team finally made it to this year’s World Cup, by reaching the final of a qualifying event in Ismailia, Egypt during March. Following the World Cup, Pakistan are set to lock horns with their continental rivals in the Asian Games scheduled to be staged in Aichi-Nagoya, Japan during Sept­ember-October. Pakistan, the former four-time World Cup winners, lost the decider in Ismailia 4-1 to England, the same team whom the Green-shirts will be facing in the pool stage of the World Cup being co-hosted by Belgium and the Netherlands from Aug 15 to 30. So, the challenge for Pakistan looks massive particularly when one glances at the prevailing state of affairs in the national game. Head coach stays upbeat ahead of this year’s World Cup However, Manzoor-ul-Hassan Senior, the recently-appointed head coach of the national senior team, rem...
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Japan contains one of its biggest wildfires in decades after 11-day battle

Wildfires that scorched forests in northern Japan, reportedly the second biggest in over 30 years, have been brought under control after 11 days, officials have said. Hundreds of firefighters and more than 1,000 military personnel had battled the blazes since late April, as they burned around 1,600 hectares (4,000 acres) across the mountainous Iwate region. The affected area is almost five times the size of New York City’s Central Park. At least eight buildings were damaged, and two people suffered minor injuries, according to the Fire and Disaster Management Agency. Thousands of people were evacuated as fires picked up. Otsuchi town mayor Kozo Hirano told reporters on Saturday that he had been “informed that… the fire had been brought under control” after visiting the area with fire officials. He credited aerial and ground firefighting operations, as well as heavy rainfall, for containing the flames. But Hirano said authorities would remain vigilant as there was a possibility th...
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