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Pakistan is making good progress with IMF, finance minister says

Pakistan is making good progress with IMF, finance minister says
Photo taken on March 14, 2024, Pakistan’s Finance Minister Muhammad Aurangzeb (2L) speaks with International Monetary Fund (IMF) Mission Chief for Pakistan Nathan Porter (2R) during a meeting in Islamabad.(AFP)
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Updated 21 August 2024
Reuters
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Pakistan is making good progress with IMF, finance minister says

Pakistan is making good progress with IMF, finance minister says
  • The IMF did not immediately respond to a request for comment on Pakistan’s external financing needs
Updated 21 August 2024
Reuters
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KARACHI: Pakistan is making good progress with the International Monetary Fund and hopes to get board approval in September for a new $7 billion loan program, Pakistan’s Finance Minister Muhammad Aurangzeb said on Wednesday.
Pakistan and the IMF reached an agreement for the 37-month loan program in July. The IMF said the new Extended Fund Facility program is subject to approval from its Executive Board and obtaining “timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners.”
“We are making good progress with IMF for Board approval in September,” said Aurangzeb in text message to Reuters.
Rollovers or disbursements on loans from Pakistan’s long-time allies Saudi Arabia, the United Arab Emirates and China, in addition to financing from the IMF, have helped Pakistan meet its external financing needs in the past.
The IMF did not immediately respond to a Reuters request for comment on Pakistan’s external financing needs and the executive board’s meeting on Pakistan’s loan program.

Topics: Pakistan IMF

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South Korean president’s defense team denies insurrection charges: Yonhap

South Korean president’s defense team denies insurrection charges: Yonhap
Updated 17 December 2024
AFP
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South Korean president’s defense team denies insurrection charges: Yonhap

South Korean president’s defense team denies insurrection charges: Yonhap
Updated 17 December 2024
AFP

SEOUL: South Korea’s impeached President Yoon Suk Yeol did not commit insurrection but will cooperate with the investigation into his martial law declaration, his defense team said Tuesday, Yonhap news agency reported.
“While we do not consider the insurrection charges to be legally valid, we will comply with the investigation,” his lawyers said, according to Yonhap.

Topics: South Korea president Impeachment

Bomb kills chief of Russian nuclear protection forces in Moscow, media reports say

Bomb kills chief of Russian nuclear protection forces in Moscow, media reports say
Updated 25 min 26 sec ago
Reuters
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Bomb kills chief of Russian nuclear protection forces in Moscow, media reports say

Bomb kills chief of Russian nuclear protection forces in Moscow, media reports say
Updated 25 min 26 sec ago
Reuters

MOSCOW: A bomb killed a senior Russian general in charge of nuclear protection forces and another man in Moscow on Tuesday, the RT state media group said on Tuesday, citing an unidentified law enforcement source.
Russian media said the that Lt. Gen. Igor Kirillov, who is chief of Russia’s Nuclear, Biological and Chemical Protection Troops, had been killed on Ryazansky Prospekt.
Russian news Telegram channels also reported that Kirillov had been killed but there was no official confirmation of the killing.
TASS state news agency said two people were killed in an explosion on Moscow’s Ryazansky Prospekt.
A criminal investigation was opened in connection with the death of two men on Ryazansky Prospekt, Russia’s RIA state news agency reported, citing Moscow investigators.
Ryazansky Prospekt is a road that starts some 7 km (4.35 miles) southeast of the Kremlin.
Investigators and forensic experts were working at the scene together with employees of other emergency services, TASS agency reported.

Topics: Russia

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US national security adviser Sullivan says Trump should like ‘burden sharing’ AUKUS deal

US national security adviser Sullivan says Trump should like ‘burden sharing’ AUKUS deal
Updated 17 December 2024
Reuters
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US national security adviser Sullivan says Trump should like ‘burden sharing’ AUKUS deal

US national security adviser Sullivan says Trump should like ‘burden sharing’ AUKUS deal
Updated 17 December 2024
Reuters

SYDNEY: The AUKUS nuclear-powered submarine partnership with Australia will benefit the United States and is the kind of “burden sharing” deal that President-elect Donald Trump has talked about, US national security adviser Jake Sullivan said.
In an interview with Australia’s Lowy Institute think tank published on Tuesday, Sullivan said he had confidence AUKUS would endure under the Trump presidency, as it enhances US deterrent capability in the Indo-Pacific and has Australia contributing to the US industrial base.
The trilateral AUKUS deal struck in 2021 is Australia’s biggest defense project, with a cost of A$368 billion ($245 billion) by 2055, as Australia buys several Virginia-class submarines from the United States while also building a new class of nuclear-powered submarine in Britain and Australia.
“The United States is benefiting from burden sharing — exactly the kind of thing that Mr.Trump has talked a lot about,” Sullivan said of the AUKUS agreement.
Australia has agreed to invest $3 billion in US shipyards that build the Virginia-class nuclear submarines it will be sold early next decade amid concerns that a backlog of orders could jeopardize the deal.
Australia having conventionally armed, nuclear-powered submarines enhances America’s deterrent capability in the Indo-Pacific, Sullivan said.
“Australia is directly contributing to the US submarine industrial base so that we can build out this submarine capability, supply Australia in the nearer term with Virginia class submarines and then in the longer term with the AUKUS class submarine,” he added.
Australia’s defense and foreign ministers, meanwhile, met their counterparts in London on Monday to discuss progress on AUKUS for the first time since a change of government in Britain, and ahead of Trump’s inauguration as US president in January.
Britain’s Defense Secretary John Healey said they discussed “the challenge of maintaining peace and stability in the Indo-Pacific, the challenge of China — increasingly active, increasingly assertive in the region — and the vital importance of maintaining both deterrence and freedom of navigation.”
Australia’s Defense Minister Richard Marles said they discussed accelerating the process of bringing Australian companies into the supply chain in Britain for building submarines.

Topics: Trump Returns

Judge denies Trump’s bid to throw out hush money conviction

Judge denies Trump’s bid to throw out hush money conviction
Updated 17 December 2024
Reuters
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Judge denies Trump’s bid to throw out hush money conviction

Judge denies Trump’s bid to throw out hush money conviction
  • Judge rules Trump’s conviction for falsifying records should stand
  • Trump’s lawyers argue case impedes his ability to govern
Updated 17 December 2024
Reuters

NEW YORK: A judge on Monday ruled that Donald Trump’s conviction for falsifying records to cover up a sex scandal should stand, rejecting the US president-elect’s argument that a recent Supreme Court ruling nullified the verdict, a court filing showed.
Trump’s lawyers argued that having the case hang over him during his presidency would impede his ability to govern. He was initially scheduled to be sentenced on Nov. 26, but Justice Juan Merchan pushed that back indefinitely after Trump defeated Democratic Vice President Kamala Harris in the Nov. 5 election.
In a 41-page decision, Justice Juan Merchan said Trump’s “decidedly personal acts of falsifying business records poses no danger of intrusion on the authority and function of the executive branch.”
Trump’s lawyer did not immedaitely respond to a request for comment.
Prosecutors with Manhattan District Attorney Alvin Bragg’s office, which brought the case, said there were measures short of the “extreme remedy” of overturning the jury’s verdict that could assuage Trump’s concerns about being distracted by a criminal case while serving as president.
The case stemmed from a $130,000 payment that Trump’s former lawyer Michael Cohen made to adult film actor Stormy Daniels. The payment was for her silence before the 2016 election about a sexual encounter she has said she had a decade earlier with Trump, who denies it.
A Manhattan jury in May found Trump guilty of 34 counts of falsifying business records to cover up the payment. It was the first time a US president — former or sitting — had been convicted of or charged with a criminal offense.
Trump pleaded not guilty and called the case an attempt by Bragg, a Democrat, to harm his 2024 campaign.

Topics: Trump Returns

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ChatGPT search opens to all users in challenge to Google

ChatGPT search opens to all users in challenge to Google
Updated 17 December 2024
AFP
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ChatGPT search opens to all users in challenge to Google

ChatGPT search opens to all users in challenge to Google
  • OpenAI has integrated search directly into ChatGPT
Updated 17 December 2024
AFP
SAN FRANCISCO: OpenAI on Monday said it is making ChatGPT-powered Internet search available to all users, escalating its threat to Google’s dominance.
The San Francisco-based tech firm had beefed up its ChatGPT generative AI chatbot with search engine capabilities in late October, but made the feature available only to paying subscribers.
The newly public feature enables users to receive “fast, timely answers” with links to relevant web sources — information that previously required using a traditional search engine, the company said.
The upgrade to ChatGPT enables the AI chatbot to provide real-time information from across the web.
“We’re bringing search to all logged-in free users of ChatGPT,” OpenAI chief product officer Kevin Weil said in a video posted at YouTube.
“That means it’ll be available globally on every platform where you use ChatGPT.”
Examples of the new interface demonstrated by OpenAI resembled search results provided by Google and Google Maps, though without the clutter of advertising.
They also appeared similarly to the interface of Perplexity, another AI-powered search engine that offers a more conversational version of Google by featuring the sources it referenced in the answer.
“We’re really just making the ChatGPT experience that you know better with up-to-date information from the web,” ChatGPT Search product lead Adam Fry said in the video.
“We’re rolling this out to hundreds of millions of users, starting today.”
Rather than launching a separate product, OpenAI has integrated search directly into ChatGPT.
Users can enable the search feature by default or activate it manually via a web search icon.
Since their launch, data on AI chatbots like ChatGPT or Anthropic’s Claude have been limited by time cutoffs, so the answers they provided were not up-to-date.
In contrast, Google and Microsoft both combine AI-generated answers with web results.
The addition of online search to ChatGPT will raise more questions about the startup’s link to Microsoft, a major OpenAI investor, which is also trying to expand the reach of its Bing search engine against Google.
OpenAI chief executive Sam Altman has set his company on a path to become an Internet powerhouse.
He successfully catapulted the company to a staggering $157 billion valuation in a recent round of fundraising that included Microsoft, Tokyo-based conglomerate SoftBank and AI chipmaker Nvidia as investors.
Enticing new users with search engine capabilities will increase the company’s computing needs and costs, which are enormous.

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