Connect with us

News

Imran Khan’s party makes early gains in Pakistan election

Published

on

Imran Khan’s party makes early gains in Pakistan election

Unlock the Editor’s Digest for free

Pakistan’s election results were delayed on Friday following widespread turmoil on polling day, with the party of imprisoned former prime minister Imran Khan on track for a strong showing in early results despite a military-backed crackdown.

Results were available for fewer than half of the 265 parliamentary seats being contested nearly 24 hours after polls closed. Candidates running as independents, who mostly represent Khan’s Pakistan Tehreek-e-Insaf party, had won 42 seats, while the Pakistan Muslim League-N party of three-time former prime minister Nawaz Sharif had won 34, according to Pakistan’s Election Commission.

The Pakistan People’s party, led by Bilawal Bhutto Zardari, the son of assassinated former prime minister Benazir Bhutto, had 27 seats.

Advertisement

“The PTI-backed independents have performed much better than anyone’s expectations,” said Bilal Gilani, executive director of pollster Gallup Pakistan. “They’ve overcome the curbs on their political association through the unconstitutional, illegal means by the civilian and military establishment.” 

He added that the PTI appeared on track to finish with “a large number but not enough to form a government on its own”.

The early results, which followed a blanket shutdown of mobile networks on polling day, threatened to further polarise the country of 240mn. The PTI, widely considered Pakistan’s most popular party, denounced the delays and what it alleged were efforts to stop Khan — who was removed from office in a no-confidence vote in 2022 and then fell out with the powerful army — from returning to power.

The party wrote on social media platform X that it had “shocked and worried the entire system with the historic turnout”. Mushahid Hussain, a senator for PML-N, wrote on X that it was “probably the biggest election upset in Pakistan’s political history”.

Pakistan’s three-time former prime minister Nawaz Sharif and his Pakistan Muslim League-N party were widely seen as the frontrunners before the polls © Aamir Qureshi/AFP/Getty Images

The delays risked stoking further insecurity at a difficult time for Pakistan, which is facing an economic crisis and a surge in Islamist militancy. About 40 people were killed in a spate of attacks this week, including about a dozen on Thursday.

Advertisement

Voting in one constituency was postponed after a candidate was killed last week, and another 70 parliamentary seats are chosen indirectly.

Khan, a former cricket star and populist, has been in jail since last year and was unable to contest the election under corruption charges. Thousands of PTI supporters have been detained and the party’s candidates were largely unable to openly campaign.

The PTI alleged the mobile blackout was designed to prevent voters from accessing polling information and to suppress turnout.

The UN human rights body this week criticised what it said was a “pattern of harassment” against the PTI, while Amnesty International called Thursday’s internet shutdown “reckless” and “a blunt attack on the rights to freedom of expression and peaceful assembly”.

Pakistan’s authorities have defended the integrity of the polls, with a caretaker government denying military interference and saying the mobile network shutdown was necessary for security.

Advertisement

One of the new government’s first priorities will be to address Pakistan’s economic predicament. Inflation hit nearly 30 per cent in December, while a $3bn IMF support package that helped the country avert default last year will end in April, forcing the new government to return for new funds, in exchange for which it will need to make painful economic reforms.

Shares on the Pakistan Stock Exchange fell almost 3 per cent on Friday as investors bet a messy electoral outcome would make this harder. The counting “has caused nervousness today as such a government will have difficulty dealing with Pakistan’s lenders”, said Mohammed Sohail of Karachi brokerage Topline Securities.

Nawaz Sharif, who returned to Pakistan last year after four years of self-imposed exile from corruption charges, told journalists on Thursday that only his party could resolve the country’s crises. “If you are to solve the problems of Pakistan, one party ought to get a majority,” he said. “The ruling structure must not depend on anyone else.”

Sharif had been facing a lifetime ban from office under the conviction, until the Supreme Court overturned it last month.

To the many voters, particularly young people swept up by Khan’s promises for a “new Pakistan”, the prospect of another term under the Sharif dynasty — Nawaz’s brother Shehbaz also served as prime minister last year — left little hope.

Advertisement

“Ninety per cent of young people are with Imran Khan, but they’re scared,” said Sanya Amir, a 23-year-old student, outside a polling booth in Islamabad. “We’ve tried Nawaz Sharif three times. It’s time for Pakistan to try out something new.”

News

Amazon accused of listing products from independent shops without permission

Published

on

Amazon accused of listing products from independent shops without permission

Unlock the Editor’s Digest for free

Amazon has been accused of listing products from independent retailers without their consent, even as the ecommerce giant sues start-up Perplexity over its AI software shopping without permission.

The $2.5tn online retailer has listed some independent shops’ full inventory on its platform without seeking permission, four business owners told the Financial Times, enabling customers to shop through Amazon rather than buy directly.

Two independent retailers told the FT that they had also received orders for products that were either out of stock or were mispriced and mislabelled by Amazon leading to customer complaints.

Advertisement

“Nobody opted into this,” said Angie Chua, owner of Bobo Design Studio, a stationery store based in Los Angeles.

Tech companies are experimenting with artificial intelligence “agents” that can perform tasks like shopping autonomously based on user instructions.

Amazon has blocked agents from Anthropic, Google, OpenAI and a host of other AI start-ups from its website.

It filed a lawsuit in November against Perplexity, whose Comet browser was making purchases on Amazon on behalf of users, alleging that the company’s actions risked undermining user privacy and violated its terms of service.

In its complaint, Amazon said Perplexity had taken steps “without prior notice to Amazon and without authorisation” and that it degraded a customer shopping experience it had invested in over several decades.

Advertisement

Perplexity in a statement at the time said that the lawsuit was a “bully tactic” aimed at scaring “disruptive companies like Perplexity” from improving customers’ experience.

The recent complaints against Amazon relate to its “Buy for Me” function, launched last April, which lets some customers purchase items that are not listed with Amazon but on other retailers’ sites.

Retailers said Amazon did not seek their permission before sending them orders that were placed on the ecommerce site. They do not receive the user’s email address or other information that might be helpful for generating future sales, several sellers told the FT.

“We consciously avoid Amazon because our business is rooted in community and building a relationship with customers,” Chua said. “I don’t know who these customers are.”

Several of the independent retailers said Amazon’s move had led to poor experiences for customers, or hurt their business.

Advertisement

Sarah Hitchcock Burzio, the owner of Hitchcock Paper Co. in Virginia, said that Amazon had mislabelled items leading to a surge in orders as customers believed they were receiving more expensive versions of a product at a much lower price.

“There were no guardrails set up so when there were issues there was nobody I could go to,” she said.

Product returns and complaints for the “Buy for Me” function are handled by sellers rather than Amazon, even when errors are produced by the Seattle-based group.

Amazon enables sellers to opt out of the service by contacting the company on a specific email address.

Amazon said: “Shop Direct and Buy for Me are programmes we’re testing that help customers discover brands and products not currently sold in Amazon’s store, while helping businesses reach new customers and drive incremental sales.

Advertisement

“We have received positive feedback on these programmes. Businesses can opt out at any time.”

Continue Reading

News

Trump says Venezuela will turn over 30 million to 50 million barrels of oil to US | CNN Business

Published

on

Trump says Venezuela will turn over 30 million to 50 million barrels of oil to US | CNN Business

President Donald Trump said Tuesday night that Venezuela will turn over 30 million to 50 million barrels of oil to the United States, to be sold at market value and with the proceeds controlled by the US.

Interim authorities in Venezuela will turn over “sanctioned oil” Trump said on Truth Social.

The US will use the proceeds “to benefit the people of Venezuela and the United States!” he wrote.

Energy Secretary Chris Wright has been directed to “execute this plan, immediately,” and the barrels “will be taken by storage ships, and brought directly to unloading docks in the United States.”

CNN has reached out to the White House for more information.

Advertisement

A senior administration official, speaking under condition of anonymity, told CNN that the oil has already been produced and put in barrels. The majority of it is currently on boats and will now go to US facilities in the Gulf to be refined.

Although 30 to 50 million barrels of oil sounds like a lot, the United States consumed just over 20 million barrels of oil per day over the past month.

That amount may lower oil prices a bit, but it probably won’t lower Americans’ gas prices that much: Former President Joe Biden released about four to six times as much — 180 million barrels of oil — from the US Strategic Petroleum Reserve in 2022, which lowered gas prices by only between 13 cents and 31 cents a gallon over the course of four months, according to a Treasury Department analysis.

US oil fell about $1 a barrel, or just under 2%, to $56, immediately after Trump made his announcement on Truth Social.

Selling up to 50 million barrels could raise quite a bit of revenue: Venezuelan oil is currently trading at $55 per barrel, so if the United States can find buyers willing to pay market price, it could raise between $1.65 billion and $2.75 billion from the sale.

Advertisement

Venezuela has built up significant stockpiles of crude over since the United States began its oil embargo late last year. But handing over that much oil to the United States may deplete Venezuela’s own oil reserves.

The oil is almost certainly coming from both its onshore storage and some of the seized tankers that were transporting oil: The country has about 48 million barrels of storage capacity and was nearly full, according to Phil Flynn, senior market analyst at the Price Futures Group. The tankers were transporting about 15 million to 22 million barrels of oil, according to industry estimates.

It’s unclear over what time period Venezuela will hand over the oil to the United States.

The senior administration official said the transfer would happen quickly because Venezuela’s crude is very heavy, which means it can’t be stored for long.

But crude does not go bad if it is not refined in a certain amount of time, said Andrew Lipow, the president of Lipow Oil Associates, in a note. “It has sat underground for hundreds of millions of years. In fact, much of the oil in the Strategic Petroleum Reserve has been around for decades,” he wrote.

Advertisement
Continue Reading

News

Video: Nvidia Shows Off New A.I. Chip at CES

Published

on

Video: Nvidia Shows Off New A.I. Chip at CES

new video loaded: Nvidia Shows Off New A.I. Chip at CES

transcript

transcript

Nvidia Shows Off New A.I. Chip at CES

At the annual tech conference, CES, Nvidia showed off a new A.I. chip, known as Vera Rubin, which is more efficient and powerful than previous generations of chips.

This is the Vera CPU. This is one CPU. This is groundbreaking work. I would not be surprised if the industry would like us to make this format and this structure an industry standard in the future. Today, we’re announcing Alpamayo, the world’s first thinking, reasoning autonomous vehicle A.I.

Advertisement
At the annual tech conference, CES, Nvidia showed off a new A.I. chip, known as Vera Rubin, which is more efficient and powerful than previous generations of chips.

By Jiawei Wang

January 6, 2026

Continue Reading

Trending