World number one Rafael Nadal’s victory at the Toronto Masters set the stage for mouth-watering quarter-finals.

Floods in Pakistan may have destroyed crops worth around $1 billion, World Bank President Robert Zoellick said.

World Bank President Robert Zoellick said Friday the floods may have destroyed crops worth around $1 billion.

The UN has said that the flood recovery costs for Pakistan’s agriculture sector and farmers could be in billions.

Officials said that Zardari would be visiting the flood zone but avoided giving details due to security concerns.

Zardari defended his decision of traveling abroad by saying he helped focus international attention on the calamity.

Pakistan’s catastrophic floods mean it will miss this year’s 4.5 per cent gross domestic product (GDP) growth target.

The Consumer Price Index (CPI), the key indicator of inflation, likely rose by 12.34 per cent year-on-year in July.

Hezbollah has unveiled footage allegedly intercepted from Israeli surveillance planes.

India is set to produce bumper crop of sugar and cotton in 2010-11 part of which is likely to be absorbed be Pakistan.