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HSBC, one of the world’s largest banking and financial services organisations, has unveiled HSBC TradePay for Import Duties, a new addition to its digital trade finance platform aimed at clients in the United States.The launch comes amid shifting working capital requirements and increased upfront financial demands faced by corporates.HSBC TradePay for Import Duties is designed to help businesses streamline the payment of import duties while preserving working capital, offering a timely solution in today’s volatile economic environment.Operating in more than 60 countries, HSBC provides a wide range of financial services across retail banking, commercial banking, investment banking and wealth management.…

Trump administration wants Israel ‘to come to its senses’ and strike a ceasefire deal on Gaza, Israeli media reports.A senior United States official has reportedly warned that Washington could move forward with its deal with Saudi Arabia without Israeli involvement, unless Israel changes course, according to Israeli media. The Jerusalem Post reported that the unnamed official met on Monday with families of captives still held in Gaza. During the meeting, the official said President Donald Trump is increasingly frustrated with Israel’s stance on the stalled ceasefire talks. Trump intends to press ahead with the Saudi deal regardless of Israel’s position,…

California-based health technology and consumer electronics company Masimo Corporation has been targeted in a cyberattack that impacted its manufacturing facilities. The company said in a filing with the SEC that it detected unauthorized access on its network on April 27. In response to the incident, Masimo isolated affected systems and implemented other containment measures. Outside cybersecurity experts have been called in to assist with the investigation and incident response, and law enforcement has been notified. “As a result of the incident, certain of the Company’s manufacturing facilities have been operating at less than normal levels, and the Company’s ability to…

Instacart CEO Fidji Simo is joining OpenAI as Application CEO, the ChatGPT maker said on Thursday. Simo, already a board member at OpenAI, will transition out of Instacart over the next few months and join the AI company full-time later this year. OpenAI CEO Sam Altman said he would continue in his role, overseeing verticals like research, compute and applications. Simo will directly report to Altman. “Applications brings together a group of existing business and operational teams responsible for how our research reaches and benefits the world, and Fidji is uniquely qualified to lead this group. Serving as an OpenAI…

JERUSALEM (AP) — Israel permanently closed six U.N. schools in east Jerusalem on Thursday, forcing Palestinian students to leave early and throwing the education of more than 800 others into question.Last month, heavily armed Israeli police and Education Ministry officials ordered six schools in east Jerusalem to close within 30 days, which ended on Wednesday. The United Nations agency for Palestinian refugees, known as UNRWA, runs the six schools. UNRWA also runs schools in the Israeli-occupied West Bank, which continue to operate.The closure orders come after Israel banned UNRWA from operating on its soil earlier this year, the culmination of…

Reports come after US president teased the announcement of agreement with an unnamed country.United States President Donald Trump is set to announce a trade deal with the United Kingdom on Thursday, US media have reported, in what would be the first such agreement since he rolled out his sweeping tariffs. The reports come after Trump on Wednesday teased the announcement of a deal with an unnamed country on social media. “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY,” Trump said in a post…

US president says he will announce decision on waterway during trip to Saudi Arabia, Qatar and the United Arab Emirates.United States President Donald Trump has said he will make a decision on how the US refers to the “Persian Gulf” during an upcoming visit to Saudi Arabia, Qatar and the United Arab Emirates. Speaking to reporters at the White House on Wednesday, Trump said he expected his hosts to ask about the name the US uses for the waterway during his first trip to the Middle East since retaking the White House. “I’ll have to make a decision,” Trump said…

RAWALPINDI: Def­ending champions Islam­abad United’s downward spiral in their ongoing HBL Pakistan Super League campaign continued on Wednesday as Quetta Gladiators subjected them to a 109-run rout. Gladiators, riding on blistering centuries by Rilee Rossouw and Hasan Nawaz, posted a mammoth 263-3 — the highest score ever in a PSL match — before United were bundled out for 154. It was United’s fourth defeat in a row after they had gone on to win the first five matches this season. Gladiators, who had already qualified for the playoffs, strengthened their claim as the favourites to take the title. They had…

NEW DELHI: India captain Rohit Sharma on Wednesday announced his retirement from Test cricket ahead of the team’s tour of England starting next month, but will continue to play the shorter 50-over format. In 67 Tests, Rohit scored 4,301 runs including 12 centuries with a best of 212 against South Africa in 2019 and an average of over 40. He captained India in 24 Tests with 12 wins, nine defeats and three draws. “Hello everyone I would just like to share that I am retiring from Test cricket,” the 38-year-old Rohit wrote on Instagram. “It’s been an absolute honour to…

KARACHI: The foreign players participating in the HBL Pakistan Super League (PSL) will continue their stay in the country despite the ongoing military stand-off between Pakistan and India, an official of the country’s cricket board has said. India launched a devious attack on Pakistan late on Tuesday night before the latter’s retaliation escalated the situation. But while things got serious along the border, the foreign players had a meeting with the PSL leadership. “The foreign players met PSL chief Salman Naseer at a dinner last night and they had a ‘gup shup’ [informal chat],” Pakistan Cricket Board (PCB) spokesperson Amir…