Last update: Sun, 11 Dec 2016 06pm

Business & Finance

Qantas to fly non-stop from Australia's Perth to London

2016-12-11 09:20:56

SYDNEY: Australia's national carrier Qantas Airways Ltd will launch the first regular passenger flight directly linking Australia and Europe when it begins flights from Perth to London with Boeing 787-9 Dreamliners, the airline said on Sunday."Wh


Fed to raise rates as Trump economy looms

2016-12-11 11:07:33

WASHINGTON: There is little room for doubt that the US Federal Reserve will raise the benchmark interest rate in the coming week for only the second time in a decade.With unemployment at a nine-year low, jobs being created at an average of 180,000 pe


Mauritius 91-day T-bills yield rises to 2.70pc

2016-12-09 13:15:07

PORT LOUIS: The weighted average yield on Mauritius' 91-day Treasury bill rose to 2.70 percent at auction on Friday from 2.67 percent at the last sale, the central bank said.The Bank of Mauritius sold all the 1 billion rupees worth of the debt it



Republicans reject reports Russia helped Trump win election

2016-12-11 11:02:02

WASHINGTON: Republicans on Saturday rejected reports of a secret CIA assessment finding that Russia sought to tip the US presidential election in Donald Trump's favor, as a Democratic Senate leader called for an investigation."The intelligence is


Maduro calls for dissolving Venezuela assembly as talks stall

2016-12-09 07:36:02

CARACAS: Venezuelan President Nicolas Maduro on Thursday revived his call to dissolve the opposition-controlled assembly in the latest clash following the recent suspension of crisis talks.The socialist president accused members of the opposition Dem


World's longest tunnel opens regular service in Switzerland

2016-12-11 11:25:43

GENEVA: Regular rail service through the world's longest tunnel began on Sunday, carrying passengers deep under the Swiss Alps from Zurich to Lugano. The famed Gotthard Base Tunnel (GBT) had a ceremonial opening in June, attracting European leade



E-commerce in Pakistan expected to reach $1 billion by 2020: Khurram

2016-12-10 19:09:03

ISLAMABAD: Minister for Commerce Khurram Dastgir Khan has said e-commerce in Pakistan is expected to reach $1 billion by 2020."Our legislature is working hard to update the rules and regulations governing digital trade," he said while inaugurating a


Concerted efforts required for development of railways

2016-12-10 17:58:15

KARACHI: Minister for Railways, Khawaja Saad Rafiq Saturday promised that the service structure of the railways' employees would be finalized by the present government during its tenure.Speaking at a ceremony at Loco Shed, Cantonment Station here


Forex reserves stand at US$23.344bn

2016-12-08 16:46:04

ISLAMABAD: The total liquid foreign reserves held by the country stood at US$23,344.4 million as on December 2, 2016, according to State Bank of Pakistan (SBP).According to statement issued by the central bank, foreign reserves held by the SBP stood



Cricket: England 182-6 at stumps in fourth India Test

2016-12-11 11:17:59

MUMBAI: England slumped to 182-6 in their second innings at the close of play on day four as India closed in on victory in the fourth Test at Mumbai's Wankhede Stadium.Joe Root top-scored with 77 after India posted a massive 631, which included a


Football: Anderson steers Lazio up to fourth

2016-12-11 10:49:58

MILAN: A pair of sparkling assists from Felipe Anderson helped Lazio up to fourth place in Serie A with a 2-1 win at Sampdoria on Saturday.Anderson set up both Sergej Milinkovic-Savic and Marco Parolo for goals late in the first half as Lazio moved t


Golf: Emotional Brazel scores win of career at Hong Kong Open

2016-12-11 11:18:23

HONG KONG: Unheralded Australian Sam Brazel wept Sunday after clinching the Hong Kong Open in thrilling style with a birdie at the final hole, sealing by far the biggest victory of his career. The world number 480 defeated Spanish Ryder Cup star Rafa



Preparations to celebrate Eid Milad-un-Nabi (SAW) in full swing

2016-12-09 10:29:38

PESHAWAR: Preparations have picked up momentum to celebrate Eid Milad-un-Nabi, the birth anniversary of the Holy Prophet Muhammad (PBUH), in Khyber Pakthunkhwa and FATA with great respect and religious enthusiasm on Monday.The residents of Peshawar h


Pakistani Film second-most watched 'Youtube' video of 2016

2016-12-10 08:03:24

In a list released recently by YouTube-Pakistan of its most-watched videos for the year 2016; had Jawani Phir Nahi Ani in the second place on the [esteemed?] list.Other numbers on the list included pop song, Shakar Wandaan from the film Ho Mann Jahaa


Ancient dinosaur tail discovery opens new doors

2016-12-10 09:35:43

A partial tail of an ancient feathered dinosaur preserved in amber 99 million years ago was just discovered by researchers in Burma, according to a study released on Thursday.A lead author at the China University of Geosciences, Lida Xing first came



World stocks squeeze out gains, Italian bank trembles

2016-12-09 19:05:45

LONDON: Global stock markets eked out further gains Friday after a strong week, but Milan equities were held back by more bad news for the world's oldest bank, Monte dei Paschi.Key European indices rose by up to around half a percent as positive


Sterling heads for first week of falls in four

2016-12-09 14:16:10

LONDON: Sterling was lifted on Friday by data showing Britain's trade deficit narrowed more than expected in October, although the pound remained on track for its first weekly fall in four. The currency was hit this week by lawmakers saying they


Euro zone bond yields fall as 'lower-for-longer' ECB brings comfort

2016-12-09 13:53:53

LONDON: Euro zone government bond yields fell on Friday as the market recovered from the shock of the ECB continuing its stimulus programme at reduced levels next year and shifted its focus to the bond-buying remaining in place for some time. The Eur