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Ex-IMF Director KV Subramanian dismisses Pakistan's global financial leadership claim
Krishnamurthy V Subramanian has criticized Pakistan's claim of returning to global financial leadership. He clarified that the IMF and World Bank chair is ceremonial and rotates annually among member countries. Pakistan is set to assume this position for the first time since 1953 in 2027. The country's economy has been dependent on loans from the IMF to address financial challenges.
Ex-IMF Director KV Subramanian dismisses Pakistan's global financial leadership claim
Krishnamurthy V Subramanian has criticized Pakistan's claim of returning to global financial leadership. He clarified that the IMF and World Bank chair is ceremonial and rotates annually among member countries. Pakistan is set to assume this position for the first time since 1953 in 2027. The country's economy has been dependent on loans from the IMF to address financial challenges.
In 1888, William Seward Burroughs patented a calculating machine designed to help reduce bookkeeping errors; by 1926, his company had produced its millionth adding machine
In the 1880s, William Seward Burroughs created the Burroughs Adding Machine, a revolutionary calculating device tailored for bank clerks. This invention aimed to minimize mistakes and enhance efficiency in financial tasks. Over time, with numerous enhancements and patent acquisitions, the machine's demand surged across various industries. By 1926, the Burroughs Adding Machine Company proudly marked the production of its millionth unit, solidifying Burroughs' impact on the automation of financial record-keeping.
Painted in autumn: Echoes of Tang poetry along Beijing's Liangma River
As autumn settles over Beijing, this next article under "China, Soft Focus" series explores the season through the eyes of Tang Dynasty poets and their timeless verses. From the soft autumn light of daytime to the illuminated waterfront at night, the story captures two sides of Beijing's autumn landscape.
Huanggang busy on first long weekend travel rush
Secretary for Security Chris Tang on Sunday said authorities have stepped up on-site management at the Huanggang port to cope with higher passenger traffic. This came as the redeveloped port saw crowds at its departure hall heading into its first travel peak – the long Chung Yeung Festival weekend. The Security Bureau noted that the port was busiest between 1pm and 2pm with more than 9,700 departures – nearly nine times more than previously. During the peak, travellers needed to wait for 30 to 45 minutes for crowd diversion arrangements on the second floor of the port building, and within 30 minutes at the departure hall on the fifth floor, it said. The bureau said departure traffic began to ease from 2pm. Writing on his social media page, Tang said the port had seen an "obvious" rise in passenger traffic. He called on cross-border travellers to follow the instructions of on-site staff members and register for the automated channels in advance for faster crossings. Tang added that people should plan their trip early and avoid crossing the border during peak hours. The Immigration Department, for its part, said outbound passenger traffic was heavy between 10am and 2pm on Sunday, with departures topping 30,000. The department said it had deployed extra manpower and opened all clearance channels and counters to cope with the crowds. _____________________________ Last updated: 2026-10-18 HKT 18:41 Edited by Edmond Fong
How China's 100,000-card supercluster could simulate a universe
How China's 100,000-card supercluster could simulate a universe
Liangzhu forum opens, highlights heritage conservation
The fourth Liangzhu Forum opened Sunday in Hangzhou, east China's Zhejiang Province, to discuss challenges in cultural heritage conservation and paths to deepen international cooperation.
Man, 22, dies after 'jumping off' the Arc de Triomphe in Paris
Prosecutors in the French capital have launched an investigation into the 22-year-old's death after he fell from the 163ft war memorial on Saturday.
During World War I, zinc mining helped Rush, Arkansas, grow to 2,000 to 3,000 residents; by 1920, its population had fallen to 344, and mining ruins remain along the Buffalo River
Rush, Arkansas, experienced a boom during World War I, driven by high zinc demand which transformed it into a bustling mining hub. Essential amenities like hotels and stores emerged to support the growing population and mining activities. However, post-war economic shifts resulted in a steep decline, reducing the community to just 344 residents by 1920.
Search launched for three missing boys last seen at Stretford Metrolink stop as police issue urgent appeal
Police say they are growing incresingly concerned for Riley, Kian and Noah