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There was a moment — brief but powerful — where we began to believe we had finally slain an old giant. It came with the rise of platforms that promised to “democratise” media, to give voice to every individual, to let every athlete, thinker, activist, executive or celebrity broadcast their own story, without the filters of legacy institutions. Elon Musk said as much when he spoke about decentralising media, opening it up to everyone with a phone and an internet connection. No more gatekeepers. No more old hierarchies. Just pure, unmediated truth. And, at first, it felt liberating. Every podcast became a direct line to the person who actually lived the narrative. Every social media platform turned into a newsroom and every public figure into their own anchor. We were told to reject “mainstream media” — that it was biased, outdated, elitist — and embrace instead the beautiful chaos of direct testimony. Fake news, they said, wasn’t the problem; controlled narratives were. And now those narratives could be topple...
Tankers are seen off the coast of Fujairah, as Iran vows to close the Strait of Hormuz.—Reuters KARACHI: Though Pakistan is not part of the ongoing conflict in the Middle East, it is the first victim in the region as the government raised oil prices while the high-cost oil is still at sea; the 28-day stocks are being sold at prices yet to reach consumers. India kept petrol and diesel prices stable despite global price spikes, but LPG prices were increased. The Indian government has so far managed high import costs for crude. Trade and business people were disappointed with the sudden jump in oil and diesel prices by Rs55 per litre, while ordinary citizens were highly concerned about the ripple effects of this oil price hike. “The easiest way to extract money is to bomb the common citizens and destroy the already ailing economy,” said Syed Shakil, a textile industry worker. He said the textile industry was facing tough times and could face the most difficult times in the wake of the Middle East war. Industry p...
The best way to deal with pressure is to embrace it, India captain Suryakumar Yadav reminded his teammates ahead of Sunday’s final of the T20 World Cup at the Narendra Modi Stadium. India are bidding to become the first team to retain the T20 World Cup title and to achieve that, they will have to deal with not just a strong New Zealand XI but also the weight of expectation from a cricket-mad nation of about 1.4 billion people. Leading the team in the final of a home World Cup was a “special feeling”, and Suryakumar said they were looking forward to the challenge. “There are nerves, butterflies in the stomach, but as I always say — if there’s no pressure, there’s no fun,” Suryakumar told reporters on Saturday. “I’m very excited. All the boys and support staff, and I’m sure all of India is excited for tomorrow.” More than 100,000 predominantly home fans are expected to fill the world’s largest cricket stadium where Australia famously beat India in the final of the 50-overs World Cup three years ago. Expectation...
Eight days into the war between the United States–Israel coalition and Iran, the conflict has settled more firmly into a pattern that began to emerge over the previous 48 hours; a high-intensity confrontation fought largely through missiles, drones and proxy forces and widening steadily across multiple theatres. At the same time, quiet diplomatic activity gathered momentum to contain the widening fallout for the region. The past 24 hours demonstrated that despite the scale of coalition air power deployed against Iran and its allies, Tehran’s asymmetric military capabilities remained largely intact and continued to shape the tempo of the war, along the area stretching from the Strait of Hormuz through Iraq to Lebanon, where attacks on American facilities, shipping lanes, and Israeli military positions have continued in a calibrated but persistent manner. One demonstration of this capability was seen in the Strait of Hormuz on Saturday, when the Islamic Revolutionary Guard Corps confirmed that one of its drones...
The United States and Israel’s war with Iran could leave consumers and businesses worldwide facing weeks or months of higher fuel prices even if the week-old conflict ends quickly, as suppliers grapple with damaged facilities, disrupted logistics, and elevated risks to shipping. The outlook poses a wider global economic threat, as well as a political vulnerability for US President Donald Trump leading into the midterm elections, with voters sensitive to energy bills and unfavourable to foreign entanglements. “The market is shifting from pricing pure geopolitical risk to grappling with tangible operational disruption, as refinery shutdowns and export constraints begin to impair crude processing and regional supply flows,” JP Morgan analysts said in a research note on Friday. The conflict has already led to the suspension of around a fifth of global crude and natural gas supply, as ships avoid the vital Strait of Hormuz between Iran and Oman amid Tehran’s retaliatory attacks. Global oil prices have surged 24 pe...8986 items