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Primark sets opening date for 16th store in Portugal

22 October 2026 at 16:37
Primark sets opening date for 16th store in Portugal

Primark will open its 16th store in Portugal on November 19, with the budget fashion retailer preparing to welcome customers to its first shop in Vila Nova de Gaia. The

The post Primark sets opening date for 16th store in Portugal appeared first on Portugal Resident.

Demetra Holdings completes fresh share buyback

22 October 2026 at 16:32

Demetra Holdings Plc completed the repurchase of 4,965 of its own shares on October 22, 2026, as part of its ongoing share buyback programme on the Cyprus Stock Exchange (CSE).

The investment firm informed the investing public of the transactions on Thursday, in accordance with the regulatory framework of the CSE and the circulars issued by the Cyprus Securities and Exchange Commission (CySEC).

The acquisition was carried out pursuant to the relevant authorisation granted by the company’s annual general meeting on June 30, 2026.

The company executed the buyback through the Cyprus Investment & Securities Corporation Ltd (CISCO), acquiring the shares at a uniform price of €1.36 per share.

The overall purchase comprised four separate transactions completed during the trading session on October 22, 2026.

The first transaction involved the purchase of 2,961 shares, while a second trade secured an additional 450 shares.

A third minor transaction accounted for 58 shares, alongside a fourth purchase of 1,496 shares, bringing the total daily volume to 4,965 shares.

All transactions were completed at the single price level of €1.36 per share.

World Bank presents economic growth forecast and inflation outlook for Pakistan

22 October 2026 at 14:37

ISLAMABAD – The World Bank has released its Pakistan Development Update 2026 economic report, outlining the country’s economic performance, inflation trends and recent changes in fuel and transport costs.

According to the report, Pakistan’s economic growth rate stood at 3.7 per cent in 2026. During the fiscal year 2025-26, average core inflation in urban areas was recorded at 7.4 per cent, while the overall fiscal deficit declined to 2.6 per cent of gross domestic product (GDP).

The report stated that petrol prices increased by approximately 36 per cent between February and June 2026. High-speed diesel prices rose by 31 per cent, while liquefied petroleum gas (LPG) prices recorded an increase of around 46 per cent during the same period.

Transport fares also increased by approximately 30 per cent, according to the report.

The World Bank further noted that international credit rating agencies S&P Global Ratings and Moody’s had upgraded Pakistan’s credit ratings, reflecting improvements in the country’s credit assessment.

The post World Bank presents economic growth forecast and inflation outlook for Pakistan appeared first on Daily Pakistan English News.

Toyota Land Cruiser faces Major Safety Scare due to Fuel Leak defect

22 October 2026 at 12:31

JACKSON – Toyota announced major safety recall involving more than 105,000 Land Cruiser SUVs in US after discovering potentially dangerous fuel system defect that could cause petrol leakage and increase the risk of vehicle fires.

Japanese automobile giant is recalling over one hundred thousand Toyota Land Cruiser Hybrid SUVs from 2024 to 2027 model years, raising fresh safety concerns among owners of one of the world’s most popular luxury off-road vehicles.

According to documents submitted to the US National Highway Traffic Safety Administration (NHTSA), the recall was officially reported on October 14, 2026, under campaign number 26V673. Toyota has assigned internal recall numbers 26TB23 and 26TA23 to the safety campaign.

The potentially hazardous component in Land Cruiser’s fuel delivery system spaked concerns as Toyota’s investigation found that the connector joining a resin fuel tube near the fuel tank to the main metal fuel line could separate if its retaining clip becomes raised. Such a disconnection could allow petrol to escape from the fuel system until the hybrid vehicle’s combustion engine shuts down. If the leaking fuel comes into contact with an ignition source, it could potentially trigger a fire.

More concerning is that Toyota has not yet established the exact circumstances responsible for the retaining clip becoming displaced. Despite the uncertainty surrounding the underlying cause, the company has decided to initiate a large-scale preventive recall. The recall targets selected Toyota Land Cruiser Hybrid SUVs manufactured between November 29, 2023, and October 1, 2026.

According to Toyota’s regulatory filing, the affected population includes 25,041 vehicles from the 2024 model year, 41,955 from 2025, 21,274 from 2026 and another 17,524 from 2027. 2025 Land Cruiser accounts for the largest number of potentially affected vehicles, representing nearly 40% of the total recall population.

All current-generation Land Cruisers sold in the United States feature Toyota’s i-FORCE MAX hybrid powertrain. However, not every vehicle manufactured during the specified period is included in the recall, making individual VIN verification essential.

Toyota’s documentation includes estimated defect rate of approximately 1%, although the actual number of vehicles containing the problem has not been conclusively established. The recall follows more than two years of investigations into fuel leakage concerns involving the Land Cruiser.

Toyota startes getting field reports related to issue in July 2024. By early October 2026, the company had documented 23 Field Technical Reports and 64 related warranty claims in the United States. These complaints prompted further examination of the fuel line connection and the possible consequences of a separation.

Although the reviewed regulatory documents did not highlight specific cases of fires or injuries linked to the defect, Toyota determined that the potential danger justified immediate preventive action. The manufacturer decided to proceed with the voluntary recall after assessing the volume of possible fuel leakage and the number of reported cases, even though investigators had not fully identified the root cause.

Toyota has assured affected customers that all necessary inspections and repairs will be carried out without any charges. Authorised Toyota dealerships will inspect the connection between the resin fuel tube and the main metal fuel line before deciding on the appropriate corrective procedure.

If the existing fuel tube remains suitable, technicians will install an additional securing clamp to prevent the connector from separating. However, if the component requires replacement, dealerships will fit a new resin fuel tube along with the supplemental clamp. The repair procedure is intended to eliminate the risk of the affected fuel connection becoming detached during vehicle operation.

Toyota plans to begin mailing official recall notification letters to affected vehicle owners on November 29, 2026. The company has also indicated that the notification process is expected to continue into December, with owners anticipated to receive recall information around mid-December.

However, owners concerned about their vehicles can check their recall status immediately rather than waiting for official correspondence.

Owners can enter their vehicle identification number (VIN) to check for outstanding safety recalls associated with their particular SUV. The fuel system safety concern has also prompted a separate recall campaign in Canada, where approximately 6,721 Toyota Land Cruiser SUVs from the 2024 through 2027 model years are potentially affected.

Canadian recall addresses the same fuel line connection problem and the associated risk of petrol leakage and fire. Combined, the US and Canadian campaigns involve approximately 112,515 Toyota Land Cruiser vehicles, making the safety action significant across the North American market.

 

The post Toyota Land Cruiser faces Major Safety Scare due to Fuel Leak defect appeared first on Daily Pakistan English News.

Costs, Iran voters’ top priorities for next Congress: Survey

22 October 2026 at 15:46
A majority of respondents to a recent survey want the next Congress to focus on lowering the cost of living and winding down the Iran war. Roughly 80 percent of the 1,119 respondents to the Associated Press-NORC Center for Public Affairs Research poll said lawmakers should make lowering prices one of their highest priorities in…

Costs, Iran voters’ top priorities for next Congress: Survey

22 October 2026 at 15:46
A majority of respondents to a recent survey want the next Congress to focus on lowering the cost of living and winding down the Iran war. Roughly 80 percent of the 1,119 respondents to the Associated Press-NORC Center for Public Affairs Research poll said lawmakers should make lowering prices one of their highest priorities in…

Marshall blames Ukraine war for high diesel prices

22 October 2026 at 15:35
Sen. Roger Marshall (R-Kan.) on Wednesday blamed the war in Ukraine for high diesel prices, with energy costs as a key concern in the rapidly approaching midterms. “The real problem with the cost of diesel, in particular, is No. 1, is the Ukraine war, and because of that, diesel production has gone down. But beyond…

Marshall blames Ukraine war for high diesel prices

22 October 2026 at 15:35
Sen. Roger Marshall (R-Kan.) on Wednesday blamed the war in Ukraine for high diesel prices, with energy costs as a key concern in the rapidly approaching midterms. “The real problem with the cost of diesel, in particular, is No. 1, is the Ukraine war, and because of that, diesel production has gone down. But beyond…

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