Last update: Wed, 10 Feb 2016 01am

Business & Finance

Daimler recalls 840,000 vehicles with potential airbag defects

2016-02-09 20:00:59

FRANKFURT: Daimler on Tuesday said it was taking a 340 million euros ($383.96 million)provision in its full-year 2015 results to cover the cost of recalling 840,000 vehicles with potential airbag defects.Daimler said it had been notified by the U.S.


Bank of England deputy says may act if lending speeds up

2016-02-09 20:34:19

LONDON: The Bank of England will consider steps to safeguard financial stability if household debt grows faster than the rest of the economy, the bank policymaker in charge of financial stability said on Tuesday.British household debt, measured as a


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



Kerry calls on Russia to help agreement on ceasefire in Syria

2016-02-09 20:32:08

WASHINGTON: Russian activities in Syria are making it difficult to hold peace talks on ending the Syrian conflict, Secretary of State John Kerry said on Tuesday, calling on Moscow to join efforts to bring about an immediate ceasefire."Russia's ac


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


Merkel 'can't recall' angry phone talk with pope: chancellery

2016-02-09 16:08:39

BERLIN: German Chancellor Angela Merkel's office on Tuesday said she had no memory of an angry phone call she reportedly made to Pope Francis after he compared Europe to a "barren woman"."The chancellor does not recall a phone call with the pope,



Commerce Minister inaugurates trade fair on March 9

2016-02-09 17:58:48

ISLAMABAD: Federal Minister for Commerce Engr. Khurram Dastgir Khan will inaugurate the 15th International Textile Asia Trade Fair to be held at Karachi Expo Centre from March 09 to 11, 2016.The Pakistan Readymade Garments Manufacturers and Exporters


K-Electric removes 3800 Illegal Connections across Karachi

2016-02-09 15:32:18

KARACHI: The K-Electric has removed around 3,800 illegal connections, weighing 800 KG, during 65 raids in different locations in the city. A statement on Tuesday said that raids were conducted in various areas of the city including Orangi, Lyari, Cli


SBP injects Rs4bn into market

2016-02-09 16:29:05

KARACHI: State Bank of Pakistan (SBP) on Monday injected Rs. 4 billion into money market for three days through its open market operation (OMO).The rate of return accepted is 6.07 percent per annum, said SBP statement. Copyright APP (Associated Press



De Kock, Amla centuries help South Africa sink England

2016-02-09 19:58:20

PRETORIA: Centuries from openers Quinton de Kock and Hashim Amla guided South Africa to a seven-wicket victory over England on Tuesday that kept alive their hopes of winning the five-match series of one-day internationals.Joe Root made a sparkling 12


Espanyol keeper Arla sidelined, reprieve for coach

2016-02-09 20:16:34

BARCELONA: Espanyol goalkeeper Giedrius Arlauskis, who has conceded eight goals in his last two La Liga matches, will be out for up to a month because of injury.Arlauskis, who played in the 6-0 rout at Real Madrid and up to halftime in Monday's 5


Murray joins fathers' club after wife Kim gives birth

2016-02-09 20:37:43

LONDON: Former Wimbledon champion Andy Murray has joined the fathers' club at the top of men's tennis after his wife Kim gave birth to a daughter at the weekend.Media reports said Kim gave birth to a baby girl. Messages of congratulations flo



Is Aditi the reason behind the Farhan Akhtar's divorce?

2016-02-09 11:33:33

Bollywood actor Farhan Akhtar has officially announced his separation from wife, Adhuna Bhabani. Rumours started doing the rounds that Farhan's co-star, Aditi Rao Hydari is behind all this and the duo is currently dating each other.According to I


Alia bhatt get caste alongside another 40-plus actor?

2016-02-09 09:26:40

There have been a lot of speculations about Bollywood actor Akshay Kumar getting the golden chance to romance with Bollywood actress Alia Bhatt in an upcoming project.According to India Tv report, Director of Badlapur, Sriram Raghavan is planning a t


Oscar Winning Lady Believes Her Documentary End Honour Killings in Pakistan

2016-02-09 12:48:54

Oscar-winning filmmaker Sharmeen Obaid Chinoy express that her latest Academy Award-nominated documentary will help bring tougher laws against honour killings in the country.According to local media report, “People need to realize that it is a very



Bourses join global market rout; Egypt tumbles 2.8pc

2016-02-09 20:42:04

DUBAI: Stock markets in the Middle East fell on Tuesday, erasing the prior session's gains, as risk appetite diminished following a slump in global shares.Egypt's main index tumbled 2.8 percent to 6,004 points, erasing the prior session's


C$ rises against weaker greenback, loses ground to safe-haven yen

2016-02-09 20:38:56

TORONTO: The Canadian dollar firmed against a broadly weaker US counterpart on Tuesday as oil prices stabilized, although it extended losses against safe-haven currencies on equities turmoil overseas.The US dollar fell to its lowest in more than thre


Indonesia sells 5.25 trillion rupiah of Islamic bonds at lower yields

2016-02-09 12:58:21

JAKARTA: Indonesia's finance ministry sold 5.25 trillion rupiah ($386 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield