Last update: Thu, 11 Feb 2016 03pm

Business & Finance

Twitter bleeds as it loses customers

2016-02-11 08:40:24

The facts are hard to digest but Twitter Inc, one of the planet’s most popular websites is losing customers.The social media platform revealed that it lost 2 million users in the last three months of 2015. Twitter shares plummeted as much as 12 per


Sweden cuts key interest rate to -0.5pc: central bank

2016-02-11 10:37:57

STOCKHOLM: Sweden's central bank on Thursday cut its key interest rate by 15 basis points to a new all-time low of -0.5 percent, citing the risk of slowing inflation and falling confidence in its monetary policy.The bank moved its key rate into n


Bond prices rise as stocks fall on global growth worries

2016-02-09 20:28:27

NEW YORK: US Treasuries prices rose on Tuesday as investors concerned about slowing global growth continued to shun stocks, adding interest in safe-haven U.S. government debt.Yields on U.S. Treasuries fell on investor caution about the likelihood of



Los Angeles passes $1.87 bn homeless plan

2016-02-10 08:37:23

LOS ANGELES: Los Angeles, sometimes called the homeless capital of America, adopted a $1.87 billion plan Tuesday to help its 44,000 down-and-out people without homes.The 10-year plan adopted by the city council, with the ambitious goal of ending LA&#


First Zika-linked deaths reported in Colombia

2016-02-06 08:45:28

BOGOTA: The mosquito-borne Zika virus sweeping through Latin America has claimed three lives in Colombia, as the United Nations urged increased access to abortion because of fears of severe birth defects.In the first direct statements from government


Three missing as Greek navy helicopter falls in Aegean: ministry

2016-02-11 10:38:16

ATHENS: Three Greek navy personnel were missing Thursday after their helicopter crashed into a small islet in the Aegean Sea during an exercise, the defence ministry said.Commando units recovered the wreckage near the Dodecanese islet of Kinaros, but



RCCI acknowledges meritorious services of outgoing envoys

2016-02-10 16:05:58

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI), while acknowledging the meritorious services of outgoing Ambassadors, including Dean of the Diplomatic Corps and Argentine Ambassador, Rodolfo J. Martin-Saravia who served for twelve


PIA announces reduction in fares

2016-02-10 14:58:19

ISLAMABAD: Pakistan International Airlines (PIA) has reduced its fares on domestic and major international flights, including Umra fares, with immediate effect.Decision to this effect has been taken to stabilize unrealistic hike in fares and to facil


Workers' remittances rise by 6pc to $11.2bn in 7 months

2016-02-10 20:06:47

KARACHI: Overseas Pakistani workers remitted $ 11.2 billion in first seven months (July to January) of 2015-16; showing a growth of 6 percent compared to $ 10.566 billion received during the same period in the preceding year.During January 2016, the



Steyn in South Africa squad for World T20

2016-02-10 20:54:32

JOHANNESBURG: South Africa have named fast bowler Dale Steyn in their 15-man squad for the World Twenty20 in India next month, but will ask him to prove his fitness following a debilitating shoulder injury.Steyn, a key component of the South African


Haraguchi ends Hertha's 35-year wait to reach cup semis

2016-02-10 21:44:07

BERLIN: Hertha Berlin ended their 35-year wait to reach the German Cup semi-finals on Wednesday as Japan midfielder Genki Haraguchi sealed their 3-2 win at snowy second-division side Heidenheim.The hosts took an early lead when defender Arne Feick wa


WTA Taiwan Open results

2016-02-11 10:28:07

TAIPEI: Results from the WTA Taiwan Open in Kaohsiung on Thursday (x denotes seeding):Women's singles2nd rndVenus Williams (USA x1) bt Urszula Radwanska (POL) 6-4, 6-2Stefanie Voegele (SUI) bt Zheng Saisai (CHN x5) 6-4, 6-4Hsieh Su-wei (TPE x6) b



8 Celebrities Who Converted to Islam

2016-02-11 09:00:00

A.R. RAHMAN (ALLAH-RAKHA RAHMAN): Known for his remarkable music compositions, the legendary Indian music producer/singer/songwriter was born, in a Hindu household, as Dileep Kumar. While his mother, inspired by Sufism, belonged to an Islamic family


Why ‘Neerja’ banned in Pakistan?

2016-02-11 09:57:42

Sonam Kapoor’s ‘Neerja’, has been banned in Pakistan, based on real incidents during the hijacking of the Pan Am Flight 73 at the Karachi airport in 1986.According to Indian Express report, Mobasher Hasan, who heads the Central Board of Film Ce


'Harry Potter and the Cursed Child' to hit shelves this summer

2016-02-11 09:58:13

Great news for all the Potter fans out there! A new Harry Potter book is in the line and will be available to fans at midnight on July 31, coinciding with Harry Potter's birthday.The book titled Harry Potter and the Cursed Child Parts I & II



Inauspicious start to Year of the Monkey for Hong Kong as stocks tank

2016-02-11 10:35:48

HONG KONG: Hong Kong stocks plunged nearly four percent Thursday as dealers returned from a three-day Lunar New Year holiday to play catch-up with a worldwide market rout fuelled by concerns over the global economy.On the first day of trading of the


Sterling cuts gains against dollar after Yellen's comments

2016-02-10 20:57:23

LONDON: Sterling weakened against a rising dollar on Wednesday after prepared remarks from U.S. Federal Reserve Chair Janet Yellen suggested that interest rate hikes in coming months remain a possibility.Yellen said there are good reasons to believe


Yields rise ahead of auction as stocks recover

2016-02-10 15:10:39

NEW YORK: US Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10-year notes. European stocks rebounded as concerns about the health