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  Paramount and Skydance Near Merger Deal Just weeks after the Paramount’s controlling shareholder and Skydance scuttled their talks about a potential deal, the two media companies have tentatively agreed to a merger. For months, Paramount’s controlling shareholder and Skydance sought to seal a merger that would transform the media industry, before those talks ground to a sudden halt in June. Now, just weeks later, the two sides have reached a preliminary deal to merge, four people familiar with the negotiations said. The agreement will still have to be approved by a special committee of Paramount’s board of directors, said the people, who spoke on the condition of anonymity as the talks resumed. If they win that approval, the deal will combine Paramount — the  parent company of CBS, MTV and Nickelodeon — and Skydance, the up-and-coming movie studio that helped produce “Top Gun: Maverick,” into a new giant in Hollywood. An agreement would be a changing of the guard in the...

  Why Labour's landslide victory is a good omen for the England football team Labour's landslide win at the 2024 general election could mean good news for England at the Euros if past events are anything to go by. Labour have won a significant majority, winning 412 seats, Conservatives 121 and Liberal Democrats 71 with only two left to declare at the time of writing. A minimum of 326 seats is needed to form a majority. Ben Crellin has pointed out on X / Twitter that history could mean England will 'bring it home' later this month. A Tweet from @BenCrellin said: "1966 was the last time Labour won a majority at a General Election and there was a European Championship or World Cup Final later in the same year." The 1966 general election took place on March 31 that year when there were 630 seats in the House of Commons and 316 was needed for a majority. Labour won with 364 seats with the Conservatives winning 253 and the Liberal Democrats scooping 12. Ha...

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  Will Modi attend upcoming SCO event in Pakistan? This year, Pakistan is set to host the Shanghai Cooperation Organization (SCO) Council of Heads of Government gathering in October, with an announcement made by the foreign office spokesperson on Thursday. The spokesperson confirmed that India, along with all other members, will be invited to participate in person in Islamabad. However, the speculation remains whether Indian Prime Minister Narendra Modi will be in attendance at the event in Pakistan. Established in 2001 by China and Russia, the SCO is a significant Eurasian organization dedicated to addressing political, economic, international security, and defense issues. It stands as the largest regional organization globally in terms of geographical reach and population, covering approximately 80 percent of Eurasia and 40 percent of the world's population. Pakistan joined the SCO in June 2017 following its observer status from 2005 to 2017. "The year 2024 marks a cruci...

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  Electricity tariff in Pakistan reaches Rs35 per unit after fresh hike KARACHI – The authorities of Pakistan have authorized an additional rise in the basic electricity price, increasing it by Rs5.72 per unit to reach a total of Rs34.50 per unit. The Federal Cabinet has sanctioned a significant hike in the fundamental electricity rate as part of fulfilling the demands of the International Monetary Fund (IMF). This decision elevates the price from Rs29.78 per unit to Rs35.50 per unit. The National Electric Power Regulatory Authority (NEPRA) had previously sought permission to incrementally increase the average electricity rate to meet the strict demands of a worldwide creditor. This increment is scheduled to become applicable from July 1st of this current fiscal year. The International Monetary Fund (IMF) has shown approval for Pakistan's efforts in economic development. Through online meetings, Pakistan has shared its progress with the IMF regarding achieving the stipulated co...

  Supreme Court suspends LHC's decision to form election tribunals Lahore – The highest court in Pakistan on Thursday put a hold on the decision made by the Lahore High Court concerning the creation of Election Tribunals. The supreme court intervened in the matter after the Election Commission of Pakistan sought its intervention to resolve a heated debate about the authority to appoint tribunals to adjudicate election conflicts, whether it should be the Election Commission or the Lahore High Court (LHC).

  Putin touts ‘stabilizing’ force of China-Russia ties as Xi hails ‘lasting friendship’ at security summit Hong Kong CNN  —  Leaders of Russia, Vladimir Putin, and China, Xi Jinping, celebrated their nations' growing unity as they convened at a meeting of a Eurasian security alliance, which both leaders see as a countermeasure to the influence of the West. In his remarks before a one-on-one discussion with Xi at the Shanghai Cooperation Organization (SCO)’s yearly summit in Kazakhstan, Putin highlighted the "optimum period" in the history of Russia-China relations, describing them as a "force for stability" on the global stage. "The collaboration between Russia and China in international affairs is a crucial stabilizing element on the world scene, and we are committed to further developing it," Putin stated. The Russian head of state also emphasized the significant contributions of Moscow and Beijing to the establishment of the SCO in 2001, as ...