Last update: Thu, 08 Dec 2016 12pm

Business & Finance

Tata Steel agrees deal on jobs, investment-unions

2016-12-07 20:42:25

LONDON: Tata Steel UK has agreed a deal guaranteeing jobs and production at its British steelworks in exchange for cutbacks to pensions, unions said on Wednesday. Britain's largest steelmaker offered to keep production at the country's larges


ECB poised for action as politics rattle eurozone

2016-12-08 06:42:38

FRANKFURT AM MAIN: The European Central Bank is widely expected to prolong massive monetary stimulus Thursday as the election of Donald Trump and fears for heavyweight member Italy rattle the eurozone.Most analysts predict president Mario Draghi w


Rise in Italian bond yields checked as early election seen unlikely

2016-12-05 18:38:12

LONDON: Italy's borrowing costs rose on Monday after Prime Minister Matteo Renzi said he would resign following a crushing referendum defeat, although expectations that a snap election would be averted helped contain the sell-off.  Investors



UN chief concerned by arrest of Egyptian rights lawyer

2016-12-07 20:59:05

UNITED NATIONS: UN Secretary-General Ban Ki-moon expressed concern on Wednesday over the arrest of a prominent Egyptian human rights lawyer, warning authorities in Cairo against progressively shutting down freedom of expression.Egyptian police arr


Brazil Senate defies order to suspend speaker

2016-12-06 18:15:48

BRASÍLIA: Brazil's Senate on Tuesday rejected a judge's order to suspend its speaker who faces trial for alleged embezzlement in a scandal that threatens to destabilize President Michel Temer.The chamber's governing panel said it would keep spea


Italian Prime Minister Renzi to resign at 1800 GMT

2016-12-07 20:25:40

ROME: Italian Prime Minister Matteo Renzi said he would tender his resignation at 7 p.m. (1800 GMT) on Wednesday after a bruising referendum loss at the weekend, with most parliamentary factions pushing for an early election in the spring. Re



Pak-Iran common Chamber of Commerce in Quetta to boost trade between countries

2016-12-07 10:37:59

ISLAMABAD: Member of Parliament Muhammad Ijaz -ul-Haq has said that the establishment of common Chamber of Commerce in Quetta has boosted trade between Pakistan and Iran. During his meeting with the members of Mashad Chamber of Commerce and T


Railway to achieve target of Rs40bn revenue during current FY

2016-12-07 10:27:03

ISLAMABAD: Minister for Railways Khwaja Saad Rafique on Wednesday said the revenue of Railway had increased Rs 36.5 billion form Rs 18 billion since last three and half years of the present government. Speaking in a workshop for the formatio


Banking sector remains sound, stable: SBP

2016-12-07 15:01:55

ISLAMABAD: State Bank of Pakistan (SBP)'s Quarterly Performance Review for Q3CY16 Wednesday said banking sector remained sound and stable.  A SBP statement said it has released its Quarterly Performance Review (QPR) of the banking sector



England bat first in fourth India Test

2016-12-08 06:35:51

MUMBAI: England captain Alastair Cook won the toss and chose to bat in the must-win fourth Test against India in Mumbai on Thursday.The visitors trail 2-0 in the five-match series and anything less than an English victory at the Wankhede Stadium w


Football: Villa named MLS player of the year

2016-12-06 19:23:35

NEW YORK: Former Spain striker David Villa was named as Major League Soccer's Most Valuable Player on Tuesday in recognition of a prolific season which helped transform New York City FC's fortunes.The Spanish World Cup winner's goals helped take N


RugbyU: North 'well' but stood down after head knock

2016-12-06 18:57:33

LONDON: Northampton's George North is "well" but has been stood down from playing after his under-fire club decided Tuesday to refer him to an independent expert following a tackle which left the Wales wing spreadeagled."All rugby supporters will



Celebrities react to untimely tragic death of Junaid Jamshed

2016-12-08 06:09:11

Famous singer-turned-Islamic preacher Junaid Jamshed along with his wife was killed in the Islamabad-bound PIA PK-661 flight that crashed near Havelian on Wednesday.The pop singer junaid Jamshed, a member of one of Pakistan's first successful rock


Watch; The much-anticipated trailer of Shah Rukh Khan-Mahira Khan ‘Raees’ is out

2016-12-07 07:10:21

Ever since Shah Rukh Khan unveiled the first look of ‘Raees’ with a punch line ‘Baniye ka dimaag aur miyanbhai ki daring’ the Rahul Dholakia directed film has been drummed up a lot of curiosity among fans. After teasing fans with short tea


This app has destroyed privacy forever

2016-12-07 11:33:08

In the age of all things connected, it is already difficult to keep your lives private from the ever scrutinizing eyes of the internet. Now an app can identify you in a crowd.Meet, FindFace one of the latest in the face recognition Android Apps. R



Asia markets build on global rally with ECB in focus

2016-12-08 06:40:13

HONG KONG: A global stocks rally extended into Asia on Thursday, with investors betting the European Central Bank will prolong its stimulus programme, while the positive mood helped lift riskier currencies.With the economic outlook in Europe still


South Africa's rand gains on global risk rally, stocks recover from 10-month lows

2016-12-07 20:40:21

JOHANNESBURG: South Africa's rand rallied for a fourth consecutive session on Wednesday, lifted by improved demand for riskier currencies globally as investors bet the European Central Bank (ECB) would extend its bond-buying programme. Stocks


US bond prices add gains after block futures buy

2016-12-07 20:55:40

NEW YORK: Prices on longer-dated US Treasuries extended their earlier rise on Wednesday following a large block purchase of 10-year Treasury note futures in the wake of disappointing overseas data that pushed foreign yields lower. Benchmark 1