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  • New IHC bench on Aafia case dissolved

    New IHC bench on Aafia case dissolved


    ISLAMABAD:

    The newly constituted bench formed to hear the case regarding incarcerated Pakistani neurosci-entist Dr Aafia Siddiqui’s health and repatriation has been dissolved.

    Justice Inaam Ameen Minhas of the Islamabad High Court (IHC) on Monday forwarded the file to the IHC chief justice, Sardar Muhammad Sarfraz Dogar, for the for-mation of a larger bench.

    This case had earlier been transferred from the court of Justice Sardar Ejaz Ishaq Khan, who had issued contempt notices to Prime Minister Shehbaz Sharif and his cabinet members for disregarding its order to provide reasons for not assisting a US court hearing the case of Dr Aafia.

    On Monday, Justice Minhas heard arguments regarding Dr Aafia’s health and return from a US prison while hear-ing the petition filed by Dr Aafia’s sister, Dr Fowzia Sid-diqui,

    Counsel for the petitioner, Advocate Imran Shafiq, told the court that the matter had become quite complicated. The judge stated that it was not the case and that his ruling was clear regarding the chief justice being the master of the roster.

    “Justice Munib [Akhter] also held [that the CJ is the mas-ter of the roster], and I have given the same ruling. How-ever, since another [judge’s] opinion differs, I am referring this issue to a larger bench. The larger bench will decide who the master of the roster is.”

    Earlier, this case was heard by Justice Sardar Ejaz Ishaq Khan, who, on July 21, initiated contempt proceedings against PM Shehbaz and his entire cabinet. “The replies of all the ministers, including the prime minister, shall be filed within two weeks from today,” said the order authored by Justice Khan.

    The judge noted that in his last order he had given the government time to revert with its decision, while cau-tioning the state law officer that inaction would result in contempt proceedings.

    The federal government on July 15 approached the Su-preme Court, seeking to overturn the May 16, 2025, or-der of the IHC that allowed amendments to a previously settled petition concerning Dr Aafia—nearly a decade af-ter its filing.

    Justice Ejaz Ishaq Khan was to go on summer vacation from July 21. However, he had announced at the last hearing that he would hear the case on July 21. Interest-ingly, the IHC did not list the case for hearing before his bench.

    The judge, nevertheless, heard the case and later issued a blistering order. He also criticized IHC Chief Justice Dogar and the entire “demolition squad catapulted into” the IHC after the 26th amendment.

    Dr Aafia Siddiqui is a Pakistani neuroscientist and educator who gained international attention following her conviction in the United States.

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  • Loss-Making Provaris Energy Ltd (ASX:PV1) Expected To Breakeven In The Medium-Term

    Loss-Making Provaris Energy Ltd (ASX:PV1) Expected To Breakeven In The Medium-Term

    With the business potentially at an important milestone, we thought we’d take a closer look at Provaris Energy Ltd’s (ASX:PV1) future prospects. Provaris Energy Ltd engages in the development of hydrogen production and export projects in Australia and internationally. On 30 June 2025, the AU$16m market-cap company posted a loss of AU$2.5m for its most recent financial year. The most pressing concern for investors is Provaris Energy’s path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts’ expectations for the company.

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    According to the 2 industry analysts covering Provaris Energy, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2026, before generating positive profits of AU$8.0m in 2027. The company is therefore projected to breakeven around 2 years from now. How fast will the company have to grow each year in order to reach the breakeven point by 2027? Working backwards from analyst estimates, it turns out that they expect the company to grow 72% year-on-year, on average, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected.

    ASX:PV1 Earnings Per Share Growth September 1st 2025

    We’re not going to go through company-specific developments for Provaris Energy given that this is a high-level summary, but, take into account that by and large an energy business has lumpy cash flows which are contingent on the natural resource and stage at which the company is operating. This means that a high growth rate is not unusual, especially if the company is currently in an investment period.

    Check out our latest analysis for Provaris Energy

    One thing we would like to bring into light with Provaris Energy is it currently has negative equity on its balance sheet. Accounting methods used to deal with losses accumulated over time can cause this to occur. This is because liabilities are carried forward into the future until it cancels. These losses tend to occur only on paper, however, in other cases it can be forewarning.

    There are too many aspects of Provaris Energy to cover in one brief article, but the key fundamentals for the company can all be found in one place – Provaris Energy’s company page on Simply Wall St. We’ve also put together a list of key factors you should look at:

    1. Historical Track Record: What has Provaris Energy’s performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

    2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Provaris Energy’s board and the CEO’s background.

    3. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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  • Tennis legend Venus Williams and rising star Leylah Fernandez through to women’s doubles quarterfinals as memorable run continues

    Tennis legend Venus Williams and rising star Leylah Fernandez through to women’s doubles quarterfinals as memorable run continues

    Tennis legend Venus Williams and Canadian partner Leylah Fernandez have yet to drop a set in the women’s doubles tournament at the 2025 US Open – a streak they continued with a resounding victory over the twelfth seeded duo of Ekaterina Alexandrova and Zhang Shuai on Monday, 1 September.

    Taking to the court at Louis Armstrong Stadium, the pair welcomed the warm embrace of the New York crowd, employing it as motivation in route to a 6-3, 6-4 straight sets victory over the higher seeded pairing during their third round match.

    The result was the latest in a string of headline grabbing wins for the duo, who have turned heads with their unlikely run in the women’s doubles bracket at Flushing Meadows.

    Advancing to the quarterfinals at Flushing Meadows, they now await confirmation of their opponents for what is bound to be a particularly well-attended match.

    More to follow…

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  • Focus Features Leads Oscar Buzz at Telluride With Hamnet and Bugonia

    Focus Features Leads Oscar Buzz at Telluride With Hamnet and Bugonia

    Focus Features killed it in Colorado with two “Jesses” and one Emma Stone.

    On the ground, the story of what resonated — or flopped — at the Telluride Film Festival can look far different from the headlines. Still, one fact was hard to miss: Focus Features reigned over the mountains with Yorgos Lanthimos’ kaleidoscopic “Bugonia” and Chloé Zhao’s devastating “Hamnet,” both receiving near-universal acclaim from critics and festival-goers.

    Telluride has long been a launchpad for eventual Oscar juggernauts. Recent alumni include Barry Jenkins’ “Moonlight,” Zhao’s “Nomadland” and Guillermo del Toro’s “The Shape of Water.” If this year’s best picture winner was present in the Rockies, Zhao’s adaptation of Maggie O’Farrell’s bestselling novel feels like the strongest candidate. A win would deliver Focus Features its first best picture statuette.

    “‘Hamnet’ is a masterpiece,” one woman told Variety. “It could be one of the best movies I’ve ever seen.”

    But in the Oscar race, momentum invites counterattacks. “I talked to a lot of people who didn’t like it,” one strategist claimed from a rival competitor. “That’s not the type of movie the Academy goes for.”

    History complicates that argument: best picture nominees and winners have embraced similar themes of grief and family loss in “Manchester by the Sea” and “Ordinary People,” as well as period dramas like “Shakespeare in Love.” Zhao, already a winner for “Nomadland,” could also join the ranks of auteurs such as Alfonso Cuarón, who claimed two directing Oscars within five years for “Gravity” and “Roma.”

    Needless to say, “Hamnet” is the one to beat and is the target of every competitor.

    Netflix fared better stateside with Noah Baumbach’s “Jay Kelly” than it did in Venice. The film, a Hollywood reflection anchored by George Clooney, caters to Academy voters’ love for movies about themselves (“Argo,” “The Artist”) and a penchant for uplifting narratives (“Green Book,” “CODA”). Critics may not crown it the season’s darling, but, as the saying goes, critics don’t vote for the Oscars.

    Or, to borrow Denzel Washington’s famous line: “It’s not about what you know, it’s about what you can prove.”

    At A24’s late-night gathering, Jesse Plemons and Stone basked in admiration for their “Bugonia” performances, still visibly surprised by the love.

    At Netflix’s party for “Jay Kelly,” Adam Sandler, Billy Crudup and Baumbach took in all the love from those who had taken it in only moments earlier. In a lively conversation, co-star Laura Dern gushed about working on the film, saying, “It’s time for Adam.”

    What’s great about an artist like Dern, she champions not only her team but the community at large. She echoed Telluride executive director Julie Huntsinger’s raucous introduction of “Jesse F***ing Plemons” when we unpacked “Bugonia.” That type of support goes far for artists like Plemons and even for Dern herself in an awards season.

    Neon introduced its trio of international hopefuls to American audiences, including Jafar Panahi, the Palme d’Or-winning helmer of “It Was Just an Accident,” who takes “looking cool” to a new level, as one young festival-goer commented about seeing him many times with sunglasses and smoking a cigarette throughout the festival. Panahi was doing that exact thing at that moment he told us this story as we stood in line for food at the festival’s closing picnic.

    Joachim Trier’s “Sentimental Value” drew big names to its Saturday screening, including Oprah Winfrey, who reportedly “loved it.” Kleber Mendonça Filho’s Brazilian thriller “The Secret Agent” became a stealth hit, with Wagner Moura’s performance and Filho’s direction drawing raves. Many pundits may be underestimating its awards potential, which could follow the path of last year’s “I’m Still Here” (and perform even better) and emerge as a contender in acting, directing, original screenplay and best picture.

    Meanwhile, best actor hopefuls made their presence felt. Colin Farrell, starring in Netflix’s “Ballad of a Small Player,” charmed everyone in his orbit, effectively becoming the town’s unofficial mayor as we saw him chatting it up with the likes of Ethan Hawke and Oscar Isaac.

    Jeremy Allen White, headlining Scott Cooper’s “Springsteen: Deliver Me From Nowhere,” had Bruce Springsteen himself in the room — a boost that helped earn the film one of the rare standing ovations at Telluride. The film holds a perfect 100% on Rotten Tomatoes after a dozen reviews, though opinions from the ground sound more tepid on the overall execution.

    White’s co-star, Jeremy Strong, made the rounds at multiple events, including Netflix’s midday party, where he shared hugs and conversations with Isaac and Edward Berger.

    At the same time, White himself kept a lower profile, skipping extended opportunities to mingle, such as the Patrons Brunch, where he didn’t stay long. Campaigning may be unseemly, but in an Oscar race where only five slots exist, presence can tilt the scales.

    The acquisition market showed signs of life. Daniel Roher’s “Tuner” drew comparisons to “Good Will Hunting,” while the documentary “Ask E. Jean,” buoyed by its subject E. Jean Carroll in full astronaut regalia at Neon’s party, made a splash. Whether distributors will take the risk with a hostile administration in office remains an open question.

    Claire Foy was on hand for her centerpiece work in “H Is for Hawk” with the help of producers Dede Gardner and Jeremy Kleiner, making the rounds to find a home for the moving British drama.

    As Variety exited the picturesque town, a scene captured the festival’s essence: Jessie Buckley, star of “Hamnet,” strolling down the Main Street with her newborn strapped to her chest and her husband standing beside her. It’s hard to say if she knows how often the words “Oscar winner” trailed her performance this past weekend from nearly everyone we encountered. But after Telluride, it feels undeniable. She’s the one to beat.

    With Venice nearing its end, we forge ahead to Toronto International Film Festival on the next stop on the awards circuit, where Rian Johnson, who was also at Telluride simply to take in movies, will debut his next “Knives Out” entry: “Wake Up Dead Man.” Even Margot Robbie was spotted walking the town, shopping and seated for several screenings, all just for the love of cinema.

    That’s the power of Telluride.

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  • China’s Aluminum Factories Are Changing to Escape a Crushing Price War

    China’s Aluminum Factories Are Changing to Escape a Crushing Price War

    Aluminum tubing and strut production at Foshan Golden Source Precision Manufacturing Co. in Foshan, in August.

    For Liang Zhu, who runs an aluminum factory about 100 kilometers north of Hong Kong, there is only one way out of China’s vicious spiral of excessive competition: shift away from inexpensive metal for window frames and door handles, and toward the specialized alternatives needed for iPads and airplanes.

    Most Read from Bloomberg

    Guangdong province has long been a powerhouse of light manufacturing. Today, though, many companies like Liang’s are battling to survive in the era of “involution”, a term commonly used to describe the country’s intense, self-harming industrial race. China’s property boom is over, and has left behind small to medium-sized manufacturers saddled with overcapacity, evaporating margins and a relentless struggle for customers.

    “Without sufficient profits, there will be no funds to invest in innovation, research or in finding solutions for society,” said Liang, general manager at Guangdong Mingzhu Metal Material Technology Co., a company he founded after returning from a spell working in Australia. “That’s a dilemma for us, so we look for ways to get out of this so-called involution.”

    Producers of aluminum to be used in railings or furniture thrived in Guangdong from the early reform years of the 1980s up until the country’s real estate crisis began in earnest five years ago. Since then, the region has seen a wave of consolidation.

    The factory operated by Guangdong Mingzhu Metal Material Technology Co. in Jiangmen.Photographer: Qilai Shen/Bloomberg
    The factory operated by Guangdong Mingzhu Metal Material Technology Co. in Jiangmen.Photographer: Qilai Shen/Bloomberg

    In July, Mingzhu Metal started up its first production line making items with “7-series” aluminum, a more complex product that’s harder to rework and weld, more resistant to heat and easier to crack when cooling. Most importantly, it has lucrative buyers in China’s emerging higher-value industries — from aerospace to electric vehicles and consumer goods.

    Aluminum is arguably the world’s most versatile metal because it’s lightweight, durable and doesn’t rust. Extruders, as companies like Liang’s outfit are known, take thick bars of semi-finished metal and work it through several phases to form different shapes and profiles, from car frames to supports for solar panels.

    This corner of the sector has long relied on real estate and infrastructure, so the collapse of construction activity since the start of the pandemic has been devastating. Operating rates for aluminum processors are at about 60% to 70% for the best-performing companies, and at only 40% to 50% for the weaker ones, according to researcher Shanghai Metals Market, or SMM. Both are below the 80% level deemed a healthy minimum.

    Left: Scrap aluminum to be reprocessed into high purity aluminum rods at Foshan Golden Source Precision Manufacturing Co. in Foshan. Right: Slices of high purity aluminum rods sit on the shelf of a quality control lab at Mingzhu Metal’s facility in Jiangmen. Photographer: Qilai Shen/Bloomberg
    Left: Scrap aluminum to be reprocessed into high purity aluminum rods at Foshan Golden Source Precision Manufacturing Co. in Foshan. Right: Slices of high purity aluminum rods sit on the shelf of a quality control lab at Mingzhu Metal’s facility in Jiangmen. Photographer: Qilai Shen/Bloomberg

    Midstream aluminum producers are “facing complex situations such as weak domestic demand, increased uncertainty in foreign trade, and intensified internal competition in the industry,” the China Nonferrous Metals Industry Association said in July. “The price competition situation is quite severe, and overall processing fees have reached an historic low.”

    Shandong Nanshan Aluminum Co., a major producer of extrusions in eastern China, is a case in point. The firm said last week it’ll close 120,000 tons of its total 320,000 tons of capacity after recording utilization rates of just 59%. It plans to shift its focus to higher-end products for industry and autos.

    President Xi Jinping has said he wants to “break involution,” which means reducing the excessive competition and capacity levels blamed both for a cycle of domestic deflation and raising tensions with trade partners.

    The campaign is taking different forms across industries. Nationwide coal output declined in July from a year ago, after government inspectors targeted mines that produce too much. Oil refining and petrochemicals are set for a sweeping overhaul. And bosses from electric vehicle companies and some tech giants have been called before regulators and warned about over-competition.

    An hour’s drive from Mingzhu Metal is China’s “aluminum capital” of Foshan, known for its panoply of extruders, fabricators and wholesale markets. Here, Foshan Golden Source Precision Manufacturing Co. has passed through several phases of specialization and technological upgrades since it was founded in the early 1990s.

    Foshan Golden Source Precision Manufacturing Co. in the “aluminum capital”, Foshan.Photographer: Qilai Shen/Bloomberg
    Foshan Golden Source Precision Manufacturing Co. in the “aluminum capital”, Foshan.Photographer: Qilai Shen/Bloomberg
    Golden Source has passed through several phases of specialization and technological upgrades.Photographer: Qilai Shen/Bloomberg
    Golden Source has passed through several phases of specialization and technological upgrades.Photographer: Qilai Shen/Bloomberg

    Its showroom exhibits include trailer ramps and bathroom fittings to hard disk components and parts for the Harmony trains that pioneered China’s high-speed rail. The firm has hewn closely to the technological path prescribed by Xi’s Made in China 2025 plan that was launched a decade ago.

    Most recently, Golden Source has developed components for EV charging points and lightweight fittings for airplane trolleys. When General Manager Rain Tam took over the business from her father, its founder, she raised spending on technological research in order to cut costs and to improve product quality.

    Even then, there is intense competition.

    “Technological innovation helps profit margins for some products, but overall our margins will be a lot worse this year than last,” said Wang Shunli, deputy general manager. “Right now, when it comes to pricing, I feel the pressure is extremely high.”

    What Is China's 'Anti-Involution' Campaign?
    What Is China’s ‘Anti-Involution’ Campaign?

    China’s last round of industrial supply reforms after 2015 heralded changes across the sector, from the smelters that produce aluminum to the factories that handle the metal. For extruders, strict new controls on carbon emissions and energy consumption put the squeeze on smaller, less efficient firms.

    That’s left an environment that is complex, but also modestly positive. Chinese demand for the metal is set to grow 3.4% this year, according to Bloomberg Intelligence. China Hongqiao Group Co., the biggest primary aluminum producer, gave an upbeat outlook after it reported a rise in first-half earnings.

    “Overall aluminum consumption is trending upward, but the main issues are rapid capacity expansion and severe product homogenization,” said SMM analyst Liu Xiaolei. “The aluminum industry is shifting toward new energy sectors, but these are also experiencing clear overcapacity.”

    In Guangdong, managers and factory workers are settling in for a long battle. Unlike Xi’s last round of supply-side reforms, there’s little prospect of massive stimulus or a renewed construction boom to restore the growth rates of the past.

    “The whole industry is experiencing a test,” said Golden Precision’s Wang. “For now, we need to survive first, so that we can advance more in five, seven, eight years.”

    On the Wire

    Members of the Shanghai Cooperation Organization have agreed to set up a new development bank, realizing a longtime ambition in a display of Beijing’s growing influence.

    President Xi Jinping is set to stage a major parade to mark 80 years since the end of World War II — and showcase China’s growing diplomatic sway and military might.

    A historic surge elevated the Taiwan dollar to its strongest level since 2022. That’s increasingly becoming a headache for the country’s export-heavy corporates.

    This Week’s Diary

    (All times Beijing)

    Tuesday, Sept. 2

    Wednesday, Sept. 3

    • Military parade in Beijing for 80th anniversary of WWII

    • RatingDog China Aug. services & composite PMIs, 09:45

    • CCTD’s weekly online briefing on Chinese coal, 15:00

    • CSIA’s weekly polysilicon price assessment

    Thursday, Sept. 4

    Friday, Sept. 5

    • China’s weekly iron ore port stockpiles

    • SHFE weekly commodities inventory, ~15:30

    Saturday, Sept. 6

    Sunday, Sept. 7

    –With assistance from Yujing Liu.

    (Adds story list and week agenda.)

    Most Read from Bloomberg Businessweek

    ©2025 Bloomberg L.P.

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  • Coco Gauff: ‘I am not going to let this crush me’ – US Open Tennis

    1. Coco Gauff: ‘I am not going to let this crush me’  US Open Tennis
    2. ‘The moments I play tennis for’ – Osaka beats Gauff at US Open  BBC
    3. Underdogs Osaka, Auger-Aliassime stun seeds to reach US Open quarters  The Nation (Pakistan )
    4. US Open 2025: Sinner dismantles Bublik as underdogs make a mark  Firstpost
    5. Marion Bartoli pinpoints the big difference she noticed between Coco Gauff and Naomi Osaka during their US Open match  Tennishead

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  • Jessica Pegula finds her form to reach 2025 US Open quarterfinals – US Open Tennis

    1. Jessica Pegula finds her form to reach 2025 US Open quarterfinals  US Open Tennis
    2. Pegula swats Li to reach US Open quarter-finals  Dawn
    3. Tennis-Pegula storms through US Open fourth round, American fans put hopes on Fritz  Freedom 96.9
    4. Jessica Pegula Vs Ann Li US Open 2025: Fourth Seed Seals Quarter-finals Spot In Staraight Sets  Outlook India
    5. Jessica Pegula is back in the US Open quarterfinals and faces Krejcikova. Djokovic to play Fritz  Citizen Tribune

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  • Taylor Fritz seeks first-ever win against Novak Djokovic at the 2025 US Open – US Open Tennis

    1. Taylor Fritz seeks first-ever win against Novak Djokovic at the 2025 US Open  US Open Tennis
    2. Two favorites, two unseeded champions: Breaking down Tuesday’s US Open quarters  WTA Tennis
    3. Listen: Novak Djokovic vs. Taylor Fritz | US Open Tennis Radio  SiriusXM
    4. US Open Best Bets, Picks and Live Betting for Quarterfinals, Tuesday 9/2  BetUS
    5. Alcaraz And Djokovic On US Open Collision Course  Barron’s

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  • Can Jiri Lehecka upset Carlos Alcaraz at the 2025 US Open? – US Open Tennis

    1. Can Jiri Lehecka upset Carlos Alcaraz at the 2025 US Open?  US Open Tennis
    2. Jiri Leheçka vs Carlos Alcaraz Prediction: Arthur Ashe Stadium Set for Seed No.20 Lehečka Against World No.2 Alcaraz  Telecom Asia Sport
    3. Schedule and where to watch Carlos Alcaraz’s quarterfinals at the US Open 2025  Punto de Break
    4. US Open Star Reveals How a Hospital Visit Changed His Life: “It’s the End of the World for Me”  EssentiallySports
    5. Jiri Lehecka Sheds Light on Perspective Change After Meeting Happy Kids in Hospital Ahead of Carlos Alcaraz US Open Clash  Yardbarker

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  • Explainer: The slow train from North Korea: How Kim Jong Un travels to China – Reuters

    1. Explainer: The slow train from North Korea: How Kim Jong Un travels to China  Reuters
    2. North Korea’s Kim Jong Un crosses border into China in armoured train  BBC
    3. China’s Victory day military parade: why are Putin and Kim Jong-un there, and what is the ‘axis of upheaval’?  The Guardian
    4. Nestlé appoints Philipp Navratil as CEO  Global Banking | Finance | Review
    5. North Korea’s Kim Jong Un travels to Beijing to watch military parade alongside Putin and Xi Jinping  The Washington Post

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