Ferrari’s stock fell as much as 16% on Thursday after the luxury carmaker unveiled long-term financial goals that disappointed investors. The drop overshadowed the company’s presentation of the technology behind its first electric car, which had been expected to mark a milestone in Ferrari’s transition to EVs.
Emergency crews in Gaza City sounded sirens and chanted in celebration after the announcement of a ceasefire and hostage deal, part of the first phase of U.S. President Donald Trump’s Gaza peace initiative. In Deir al-Balah, Palestinians marked the moment with celebratory gunfire and public gatherings.
News: Britain announced on Thursday a £350 million ($468 million) deal to supply the Indian Army with UK-made lightweight missiles. The agreement marks a major step in strengthening defence and weapons cooperation between the two nations amid growing strategic and security collaboration.
Israeli tanks were seen firing on a crowded coastal path near Deir al-Balah in central Gaza shortly after a ceasefire and hostage deal were announced. Reuters footage showed explosions and smoke from tank shelling close to where dozens of Palestinians were walking, raising concerns over ceasefire violations.
China’s Foreign Ministry announced that President Xi Jinping will attend and deliver a keynote speech at the opening ceremony of the Global Women’s Summit, scheduled for October 13–14 in Beijing. The event will bring together global leaders to discuss women’s empowerment and gender equality initiatives.
China’s Foreign Ministry announced that direct flights between China and India will resume by the end of October. Spokesperson Mao Ning said the decision follows the August 31 meeting between President Xi Jinping and Prime Minister Modi in Tianjin and reflects both nations’ intent to strengthen friendly relations and regional cooperation.
The Islamabad High Court on Thursday directed authorities not to immediately register FIRs against citizens driving without a license. The court ruled that in cases where drivers fail to present a valid license, they should first be fined instead of facing criminal proceedings.
News: Pakistan and Saudi Arabia welcomed the first phase of the Gaza peace plan, which includes a ceasefire, prisoner exchanges, and humanitarian aid delivery. Both countries praised mediation efforts by Qatar, Egypt, and Turkey, reaffirming support for a two-state solution with Jerusalem as Palestine’s capital.
Archaeologists inspecting bearded vulture nests in the mountains of southern Spain have discovered medieval artifacts. The unexpected find offers new insights into the region’s historical landscape and human activity during the Middle Ages.
Ali Amin Gandapur resigned as Chief Minister of Khyber Pakhtunkhwa on Wednesday, drawing mixed reactions across social media. While many expressed surprise or support, some users questioned PTI founder Imran Khan’s decision-making process regarding the selection of the province’s next chief minister.