Last update: Fri, 12 Feb 2016 10am

Business & Finance

Uber agrees to $28.5mn settlement over safety claims

2016-02-12 05:30:07

SAN FRANCISCO: Uber said Thursday it has agreed to pay $28.5 million to settle a pair of lawsuits challenging its promises on driver safety checks.The settlement submitted for approval in US District Court in Northern California called for the ride-s


India central bank says to actively inject additional cash in March

2016-02-11 21:38:48

MUMBAI: The Reserve Bank of India said on Thursday it will actively inject additional cash into the banking system in March, when liquidity conditions tend to tighten because it marks the end of the fiscal year.The cash injections could come in addit


Bond yields sink as investors doubt another rate hike this year

2016-02-11 20:56:39

NEW YORK: US Treasury prices rose sharply on Thursday, with long-dated yields plunging to record lows as worries over global economic growth and the effectiveness of central bank policy fueled demand for safe haven assets.With stock prices down, oil



NY cop found guilty in 2014 fatal shooting of unarmed black man

2016-02-12 04:54:54

NEW YORK: A jury on Thursday found a rookie New York police officer guilty of manslaughter in the 2014 fatal shooting of an unarmed black man -- an incident that fueled US protests against police tactics.Peter Liang now faces up to 15 years in prison


Three dead in Venezuela after contracting Zika: Maduro

2016-02-12 04:39:48

CARACAS: Three people have died in Venezuela from complications linked to Zika, President Nicolas Maduro said Thursday -- the first fatalities reported in the country in connection with the mosquito-borne virus.Speaking on national television, Maduro


Hollande calls for Russia to halt action that supports Assad

2016-02-11 22:48:36

PARIS: French President Francois Hollande called Thursday for Russia to halt its military action in support of Syrian President Bashar al-Assad."We need to ensure that Bashar al-Assad leaves power and at the moment, helped by the Russians, he is mass



Steps being taken to attract foreign investment: Jatoi

2016-02-11 19:21:34

ISLAMABAD: Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here on Thursday said government was taking appropriate steps to attract foreign investment in country.Talking to Ambassador of Japan to Pakistan, Hiroshi Inomata who met wi


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


Pak forex figure US $ 20.196bn

2016-02-11 14:39:58

KARACHI: Total liquid foreign exchange reserves of the country stand at US $ 20.196 billion, said State Bank of Pakistan (SBP). An SBP's weekly statement here on Thursday stated the foreign reserves held by State Bank on Feb 5 were US $ 15,341 mi



New Zealand 84-5 at lunch against Australia

2016-02-12 05:35:11

WELLINGTON: New Zealand were 84-5 at lunch on the opening day of the first Test against Australia at the Basin Reserve in Wellington on Friday.For Australia, Josh Hazlewood has three for 25 and Peter Siddle two for six.Martin Guptill made 18 for New


Rooney, Martial set sights on fragile Sunderland

2016-02-12 05:28:55

SUNDERLAND: Manchester United will face the worst defence in the Premier League on Saturday, which should have their strike-force of Wayne Rooney and Anthony Martial licking their lips in anticipation.Sunderland have conceded 49 goals so far this sea


Reavie grabs Pebble Beach first-round lead

2016-02-12 05:31:01

LOS ANGELES: American Chez Reavie fired an eight-under-par 63 on Thursday to upstage major champions Jordan Spieth and Jason Day in the first round of the PGA Tour Pebble Beach Pro-Am.Reavie fired an eagle and seven birdies with one bogey on the par-



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



Tokyo stocks dive more than 5pc by break on strong yen

2016-02-12 04:48:40

TOKYO: Tokyo stocks dived more than five percent on Friday morning as a strong yen battered exporters, with the market tracking a worldwide sell-off fuelled by worries about the global economy.The benchmark Nikkei 225 index at the Tokyo Stock Exchang


US dollar slides vs yen on deepening global worries

2016-02-11 21:28:40

NEW YORK: The US dollar fell to a 15-month low against the yen on Thursday, on track for its worst week against the Japanese currency since 2008, as fears of a global economic slowdown and conerns about stress in the banking system, increased demand


German bond yields sink as Fed seen cautious on rates

2016-02-11 13:52:42

LONDON: Europe's benchmark German bond yields tumbled to the lowest in over nine months on Thursday after US Federal Reserve Chair Janet Yellen flagged market turmoil and a slowdown in China which could limit further rate rises in the world's