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STMicroelectronics is targeting well above $3 billion in cumulative revenue for its semiconductor space business from 2026 to 2028, it said on Monday, helped by surging demand for chips used in low-Earth orbit satellite networks. Shares in the Franco-Italian chipmaker rose by as much as 7%, before settling 2.2% higher at 1536 GMT. “We are just in the early innings of this market,” STMicro executive Remi El-Ouazzane told analysts in a conference call. STMicro hopes its decade-long supply partnership with Starlink in satellites and user terminals will give it a first-mover advantage to keep as much of ⁠its near 90%…

England captain Nat Sciver-Brunt will miss the three-match ​one-day international series against ‌New Zealand due to a calf injury, sparking concerns for ​the hosts barely one ​month before the start of ⁠the Women’s Twenty20 World ​Cup. Sciver-Brunt, who sustained a ​left calf tear during a domestic game for the Blaze against ​Warwickshire, has been advised ​to rest after having scans, the ‌England ⁠and Wales Cricket Board (ECB) said in a statement on Sunday. Vice-captain Charlie Dean will captain ​the ​team ⁠during the ODI series, starting on May ​10. England begin their Group ​B ⁠campaign in the T20 World Cup against…

The Islamabad High Court has directed authorities to remove YouTuber Rajab Butt’s name from the Passport Control List (PCL). In a six-page ruling, Justice Azam Khan ordered the relevant institutions to immediately exclude Rajab Butt’s name from the PCL, provided there is no other legal obstacle or order from a competent court. The court observed that the authority to place a person on the Passport Control List is not unlimited and must be exercised in a fair and lawful manner, noting that such a restriction affects an individual’s fundamental right to free movement. The high court further said that any…

The International Monetary Fund (IMF) managing director, Kristalina Georgieva, has said that if the war involving Iran continues until 2027 and oil prices remain at $125, conditions could deteriorate further. In a statement, Georgieva said that the IMF’s earlier forecast no longer corresponds with the present situation. She added that the IMF had previously projected that the conflict involving the United States and Israel against Iran would lead to a slowdown in global economic growth and a modest rise in inflation.

A well-known religious scholar of Charsadda, former member of the Provincial Assembly and Sheikh-ul-Hadith, Maulana Muhammad Idrees Tarangzai, was martyred in a targeted attack. Sources divulged on Tuesday that the firing incident took place in the Utmanzai area of Charsadda district. Security forces cordoned off the area and launched a search operation. Maulana Muhammad Idrees was travelling to Darul Uloom Utmanzai to deliver Hadith lessons when the incident occurred. His body was shifted to the DHQ Hospital, where thousands of followers gathered upon receiving the news. He was regarded among the leading religious scholars of Pakistan and had served as…

The Islamic Revolutionary Guard Corps spokesperson has said that there had been no prior plan to attack oil installations in Fujairah, adding that the incident at the port was the result of American military adventurism. He said the United States sought to create a passage through the Strait of Hormuz for the movement of unlawful vessels, warning that any further attacks would prompt Iran to target key installations. The statement added that the United Arab Emirates had been involved in recent attacks against Iran, terming action against the UAE as a retaliatory response, and repeated that further strikes would lead…

Saudi Arabia’s Ministry of Foreign Affairs has expressed deep concern over the prevailing tensions in the region and urged all parties to reduce escalation, avoid further confrontation and exercise restraint. In a statement issued on social media platform X, the Saudi ministry said it fully supports Pakistan’s mediation and diplomatic efforts aimed at reaching a political solution that would shield the region from further tension, instability and threats to security, adding that the present situation is not in the interest of the region or the wider world. The ministry also stressed that the restoration of freedom of international navigation in…

The Ministry of Education in the United Arab Emirates has ordered the closure of educational institutions and directed a shift to online classes. The decision has been taken with the safety of students, teaching staff and administrative personnel in view. In a statement issued on the social media platform X, the ministry announced that from Tuesday, May 5, to Friday, May 8, distance learning will be implemented for nurseries and all public and private schools across the country, covering students, teachers and administrative staff. The statement said the measure is intended to ensure the protection and welfare of educational institutions.…

Iranian Foreign Minister Abbas Araghchi has said that progress is being made in negotiations with the United States owing to Pakistan’s efforts. He said events in the Strait of Hormuz made it clear that there was no military solution to a political crisis. He cautioned that the United States should not be drawn back into a quagmire at the behest of others, and advised the United Arab Emirates to remain cautious in view of the regional situation. He added that “Project Freedom” was, in reality, “Project Deadlock”. Separately, the United Arab Emirates reported a serious escalation in regional tensions after…

Babar Azam and fast bowler Khurram Shahzad reached Bangladesh ahead of the two-match Test series. According to details surfaced on Tuesday, other members of the supporting staff have also arrived in the country for the tour. Earlier on Monday, players who had already reached Bangladesh took part in a training session in preparation for the series. The Pakistan Test team held their first practice session of the tour at the Sher-e-Bangla Stadium. Players engaged in batting and bowling net practice during the session. They also took part in physical drills and a fielding session. It is pertinent to note that…