Last update: Sat, 27 Aug 2016 09am

Business & Finance

VW avoids cutting staff hours in supplier dispute

2016-08-26 15:39:11

BERLIN: Volkswagen, ramping up output after more than a week of disruptions, said it has avoided trimming the hours of most of the 28,000 workers affected by suppliers retaining parts.Production of cars, gearboxes, emissions systems and engines in Vo


Sri Lanka's central bank to keep rates steady as inflation, credit growth ease

2016-08-26 11:36:08

COLOMBO: Sri Lanka's central bank is expected to keep its key interest rates steady at a policy review on Tuesday, after raising them by 50 basis points last month, a Reuters poll showed, amid signs of easing inflation and slower private sector c


Prices gain before highly anticipated speech by Fed's Yellen

2016-08-26 13:51:22

NEW YORK: US Treasuries prices gained on Friday as investors waited on a speech by Federal Reserve Chair Janet Yellen for any new indications on when the US central bank will next raise interest rates.Investors are looking for new signals over whethe



Canada pledges 600 peacekeepers, Can$450mn to UN

2016-08-26 15:47:54

OTTAWA: Canadian Prime Minister Justin Trudeau's government on Friday committed 600 troops and police officers as well as Can$450 million over three years to United Nations peacekeeping operations around the world.Touted by the Liberal administra


Markets look for show of strength by Brazil's Temer after impeachment

2016-08-26 15:14:44

SAO PAULO: Brazil's interim President Michel Temer will need to quickly demonstrate his commitment to cutting the country's budget deficit if he is confirmed in office next week, in order to sustain investor optimism after a major rally in fi


Turkey clearing borders of militants to prevent more migrants: PM

2016-08-26 11:36:46

ISTANBUL: Turkey aims to clear its borders of Islamic State and other militant groups to prevent a new flow of migrants and will continue operations until the nation's security is guaranteed, Prime Minister Binali Yildirim said on Friday.Yildirim



Motorcycle production up by 16.54pc in FY16

2016-08-26 12:45:25

ISLAMABAD: The production of motorcycles increased by 16.54 percent during the fiscal year 2015-16 compared to the corresponding period of last year.As many as 2,071,123 motorcycles were manufactured during July-June (2015-16) compared to the product


Pakistan’s first motorcycle-taxi service launched in twin cities

2016-08-25 11:35:54

Pakistan transport sector is currently the place to be, with a number of car hailing apps i.e. Travly, Careem and Uber penetrating into the country, a Pakistani startup looks to change the game by introducing the first ever ride-sharing motorcycle se


CDNS sets Rs 200bn target for Fiscal Year 2016-17

2016-08-26 12:03:37

ISLAMABAD: The Central Directorate of National Savings (CDNS) has set Rs 200 billion net target for fiscal year (2016-17).The Central Directorate of National Savings (CDNS) has achieved the revised target of Rs 218 billion for the previous year 2015-



No more cork-popping at Lord's

2016-08-26 12:36:18

LONDON: The Marylebone Cricket Club (MCC) has implored spectators at Lord’s to stop firing champagne corks onto the field of play during matches.Lord's is the only international cricket ground where patrons can bring in their own alcohol and it


Gullit ends Dutch national role in war of words

2016-08-26 15:36:32

AMSTERDAM: Ruud Gullit is no longer going to assist Danny Blind with coaching Netherlands national team as he traded words on Friday with the Dutch football association (KNVB) over his job demands. Gullit, after a verbal agreement to take up the post


Stephens out of US Open, Puig takes seeded spot

2016-08-26 15:49:56

NEW YORK: America's world number 25 Sloane Stephens withdrew from the US Open on Friday with a right foot injury, organisers said.The 23-year-old's withdrawal sees Olympic champion Monica Puig of Puerto Rico move into the 32nd seed position.S



After judging female actors, Americans react to Pakistan’s male talent

2016-08-26 10:42:04

After the widely popular video by Fomo Daily, where Americans reacted to a select few Pakistani actresses, they did a follow up video on US citizens reacting to Pakistani male actors by stalking their social media accounts. The Americans were asked t


Indian court quashes fraud charges against Sussanne Khan

2016-08-26 11:24:08

Bollywood star Hrithik Roshan’s ex- wife, Sussanne Khan has now taken a sigh of relief after allegations against her in a property fraud case were finally dismissed by the Bombay High Court. Earlier, she had challenged the FIR before Goa Bench of t


Youtube to become the next Facebook?

2016-08-26 09:59:36

Tech giant Google is planning to convert its subsidiary Youtube, the world largest video-sharing service into a social network in likes of Facebook and Twitter among others. The firm is working on a feature called ‘Backstage’, reported VentureBea



Markets stir as Yellen eyes case for rate rise

2016-08-26 15:52:25

LONDON: European stock markets stirred Friday at the end of a tranquil week as Federal Reserve chief Janet Yellen indicated there was a case for raising US interest rates.Market watchers were waiting for Yellen to show her hand in an address to an an


Zloty, Polish stocks hit 4-week low on Moody's warning

2016-08-26 15:40:09

BUDAPEST: The zloty and Polish stocks briefly touched 4-week lows on Friday after Moody's issued a warning over Warsaw's tension with the European Commission, preparing investors for a possible rating downgrade.Central European assets were mi


Kenya 91-day T-bill yield dips to 8.607pc

2016-08-25 19:36:03

NAIROBI: The weighted average yield on Kenya's 91-day Treasury bill dipped to 8.607 percent at auction on Thursday from 8.609 percent last week, the central bank said. The bank said it received bids worth a total 1.68 billion shillings ($16.58 mi