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Shah Mehmood Qureshi was detained on Saturday, his Pakistan Tehreek-e-Insaf party said, just hours after he said it would challenge any delay to the country's election in the courts. Party spokesman Zulfi Bukhari told Reuters the specific reason for the detention of Qureshi, twice Pakistan's foreign minister, was not immediately clear. The caretaker information minister did not immediately respond to a request for comment. Bukhari condemned the arrest on the social media platform X, formerly known as Twitter, saying he was «arrested for doing a press conference and re affirming PTI stance against all tyranny and pre poll rigging that is going on currently in Pakistan». PTI party chairman Imran Khan is currently jailed for three years after being convicted on graft charges and is barred from contesting any election for five years. He denies any wrongdoing. Khan won the last election in 2018 and became prime minister until he was ousted in a no-confidence vote in 2022. The election is meant to be held within 90 days of parliament being dissolved last week, by November, but uncertainty looms over the date as the nation grapples with constitutional, political and economic crises.

GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd on August 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday. GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0.10% or 2.2 million shares of the company through a bulk deal, the disclosure made late on Saturday said. The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group that was published in January. The Adani group has denied all Hindenburg's allegations. Reuters reported last Wednesday that GQG partners bought an 8.1% stake in Adani Power for $1.1 billion via block deal.

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By Sharon Bernstein

California's autos regulator said on Friday it is investigating «recent concerning incidents» involving autonomous vehicles operated by General Motors unit Cruise in San Francisco and asked the company to take half its robotaxis off the roads. The statement from California Department of Motor Vehicles (DMV) came after a Cruise robotaxi was involved in a crash with an emergency vehicle in San Francisco late on Thursday, the latest accident involving the self-driving cars. The regulator also said it has asked Cruise to immediately reduce its active fleet of vehicles by 50% until the investigation is complete and Cruise takes actions to improve road safety.

SoftBank Group Corp's Arm Ltd is expected to report a revenue decline of about 1% in the year ended March, when the chip designer reveals its initial public offering (IPO) filing on Monday, according to a person familiar with the matter. Arm's sales fell to $2.68 billion in the 12 months ended March 31, hurt by a slump in global smartphone shipments, the source said, requesting anonymity. Sales for the quarter ended June 30 fell 2.5% to $675 million.

the future of interest rates.

Reuters. 1. Hurricane Hilary had shifted its direction towards the west-northwest, maintaining a speed of almost 12 miles per hour (19 kph).

alliance which read, “Japan, the Republic of Korea, and the United States are determined to align our collective efforts because we believe our trilateral partnership advances the security and prosperity of all our people, the region, and the world." The three nations expressed commitment to expanding cooperation trilaterally and raising shared ambition to a new horizon across domains and across the Indo-Pacific and beyond. CHINA'S 'DANGEROUS AND AGGRESSIVE' ACTIONS: They issued a sharply worded joint statement about Beijing's actions in the South China Sea.

CAMP DAVID, Maryland (Reuters) — U.S. President Joe Biden will sign a strategic partnership agreement with Vietnam during a state visit to the Southeast Asian country in mid-September, Politico reported on Friday, citing three people with knowledge of the deal's planning.

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foreign exchange (forex) reserves snapped a three-week losing streak and stood at $602.16 billion as of August 11, data from the Reserve Bank of India (RBI) showed on Friday. The reserves rose by $700 million from the week earlier, having fallen by a total of $7.6 billion in the prior three weeks. According to the weekly statistical supplement released by the RBI, foreign currency assets (FCAs) increased by $999 million to $534.40 billion.

By Prerana Bhat and Indradip Ghosh

China Evergrande Group has filed for protection from creditors in a US bankruptcy court as part of its debt restructuring process, amid rising concerns over China’s worsening property crisis and a weakening economy. The Chinese property giant sought protection under Chapter 15 of the US bankruptcy code, which shields the non-US companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in US. The bankruptcy protection filing indicates that the company is nearing the end of its restructuring process after more than one and a half years of negotiations with creditors.