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Print - 2020-01-25
Government rejects TI report

Government rejects TI report

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Friday said that the incumbent government of Pakistan Tehreek-e-Insaf (PTI) has rejected Transparency International's annual Corruption Perceptions Index (CPI) 20
Published 25 Jan, 2020 12:00am
EU, China and others agree on temporary trade dispute appeal system

EU, China and others agree on temporary trade dispute appeal system

The European Union, China and 15 other countries agreed Friday to develop a temporary system for appealing trade dispute rulings after the recent US-provoked collapse of the WTO appeals body. Ministers from the group published a joint statement announcing
Published 25 Jan, 2020 12:00am
Water dispute: Punjab, Sindh agree on Arbitrators

Water dispute: Punjab, Sindh agree on Arbitrators

Punjab and Sindh have agreed an audit of the water in the Indus Basin system including systems of both provinces through a Panel of Experts (PoE) whose results will be accepted by both parties. This consensus between the provinces was evolved after discus
Published 25 Jan, 2020 12:00am
NJHP project phase-II likely to be completed by March

NJHP project phase-II likely to be completed by March

The government has maintained that 78 percent work of 969 MW Neelum Jhelum Hydro Power Project Phase-II has been completed and the project is expected to be completed by March 2020 to add power to the system. The total cost of PC-1 is Rs 21.697 billion an
Published 25 Jan, 2020 12:00am
UK changes travel advice on improved security

UK changes travel advice on improved security

The United Kingdom on Friday announced a comprehensive review of UK travel advice for British nationals traveling to Pakistan and also allowed road trips to northern parts of the country due to improved security situations.
Published 25 Jan, 2020 12:00am
KSE-100 Index recovers: BRIndex100 pares losses
Stocks

KSE-100 Index recovers: BRIndex100 pares losses

Pakistan Stock Exchange Friday witnessed a mixed trend, however fresh buying at the fag end supported the market to close on a positive note. BRIndex100 gained 20.27 points or 0.45 percent to close at 4,485.47 points. BRIndex100 touched intraday high of 4
Published 25 Jan, 2020 12:00am
AJK government mulling providing military training to youth: Masood

AJK government mulling providing military training to youth: Masood

"The government of Azad Jammu and Kashmir (AJK) is seriously considering to provide mandatory military training to the youth of AJK, especially the people living along the Line of Control (LoC), as Indian government can go for any misadventure at anytime
Published 25 Jan, 2020 12:00am
PM warns world of danger of an all-out war in IOJK region

PM warns world of danger of an all-out war in IOJK region

Prime Minister Imran Khan on Friday again warned the world of the danger of an all-out war in Indian-Occupied Jammu and Kashmir region. In an interview with the BBC on Friday, he said, "If something goes wrong, it will have implications far beyond the sub
Published 25 Jan, 2020 12:00am
Stock market brokers: SECP set to enforce new regulatory regime

Stock market brokers: SECP set to enforce new regulatory regime

The Securities and Exchange Commission of Pakistan (SECP) is all set to enforce a new regulatory regime to move towards consolidation of financial resource requirements of stock market brokers, reduce custody risks and set qualitative benchmarks.
Published 25 Jan, 2020 12:00am
Pakistan win first T20 against Bangladesh by five wickets

Pakistan win first T20 against Bangladesh by five wickets

Pakistan beat Bangladesh by five wickets in the first T20 International to take 1-0 lead of three match T20 series here at Gaddafi Stadium on Friday amid stringent security adopted by the law enforcement agencies. Pakistan achieved the target of 142 in 19
Published 25 Jan, 2020 12:00am
Engineering sector: CEO EDB optimistic about export prospects

Engineering sector: CEO EDB optimistic about export prospects

Chief Executive Officer (CEO) Engineering Development Board (EDB), Raza Abbas Shah has said that engineering sector's exports will be increased to the maximum level from current level of $ 1.3 billion under the "Make in Pakistan" strategy.
Published 25 Jan, 2020 12:00am
Pakistan-Africa trade moot in Nairobi on January 30

Pakistan-Africa trade moot in Nairobi on January 30

Pakistan is all set to organise the first-ever conference on Africa in Nairobi (Kenya) under Look Africa Initiative on January 30-31, 2020. Pakistan's trade with Africa has remained stagnant at $3 billion per year from 2012-13 to 2016-17, and increased to
Published 25 Jan, 2020 12:00am
Bizinjo submits privilege motion against Jam Kamal

Bizinjo submits privilege motion against Jam Kamal

Balochistan Assembly Speaker Abdul Qudoos Bizinjo on Friday submitted a privilege motion against CM Jam Kamal Khan. Talking to media in Quetta on Friday, he said that the chief minister used derogatory words against him but Jam Kamal Khan might not know t
Published 25 Jan, 2020 12:00am
Japanese senior deputy minister calls on COAS

Japanese senior deputy minister calls on COAS

Kanasugi Kenji, Senior Deputy Minister for Foreign Affairs of Japan, called on Chief of Army Staff (COAS) General Qamar Javed Bajwa on Friday. According to a press release issued by Inter-Services Public Relations (ISPR), during the meeting matters of mut
Published 25 Jan, 2020 12:00am
PTA sets seven-day validity of mobile device registration app/PSID

PTA sets seven-day validity of mobile device registration app/PSID

Pakistan Telecommunication Authority (PTA) has set seven days validity of mobile device registration application/ payment slip identification (PSID). The PTA stated that users are informed that all mobile device registration applications/ payment slip ide
Published 25 Jan, 2020 12:00am
ECP appointments: notification issued

ECP appointments: notification issued

Finally, the ruling Pakistan Tehreek-e-Insaf on Friday notified Sikandar Sultan Raja as the chief election commission (CEC) for a five-year term. A notification issued by the Ministry of Parliamentary Affairs said that President Arif Alvi green-lighted th
Published 25 Jan, 2020 12:00am
Thousands protest in Iraq to demand ouster of US troops

Thousands protest in Iraq to demand ouster of US troops

Thousands of supporters of populist Iraqi cleric Moqtada Sadr gathered in Baghdad on Friday for a rally to demand the ouster of US troops, putting the protest-hit capital on edge. The march rattled the separate, months-old protest movement that has grippe
Published 25 Jan, 2020 12:00am
'Fighting polio'
Letters

'Fighting polio'

This is apropos a Business Recorder editorial "Fighting polio" carried by the newspaper on Thursday. The newspaper has made interned comment on impediments for implementation of polio programme. According to it, considering that over a year ago, th
Published 25 Jan, 2020 12:00am
Locusts the latest curse of East Africa weather extremes
Articles

Locusts the latest curse of East Africa weather extremes

Billions of locusts swarming through East Africa are the result of extreme weather swings and could prove catastrophic for a region still reeling from drought and deadly floods, experts said Friday. Dense clouds of the ravenous insects have spread from Et
Published 25 Jan, 2020 12:00am
In Davos, the spectre of a tech cold war
Articles

In Davos, the spectre of a tech cold war

China and the United States may have laid down their arms for now in a trade truce, but their technological rivalry is still raging, raising the spectre of a high tech cold war. The coming battle played out this week in the corridors of the World Economic
Published 25 Jan, 2020 12:00am
A welcome step
Articles

A welcome step

Prime Minister Imran Khan has vowed to facilitate the business community in a meaningful manner. While chairing a meeting on the licensing regime in Pakistan last week, he directed to abolish unnecessary taxes and inspections. Around 150 licences are requ
Published 25 Jan, 2020 12:00am
Poor rating on the state of democracy and corruption

Poor rating on the state of democracy and corruption

Two recent back-to-back reports for the year 2019 issued by the highly respected The Economist Intelligence Unit (EIU) and Transparency International (TI) on the state of global democracy and corruption respectively, show Pakistan in an unenviable light.
Updated 25 Jan, 2020 09:46am
Global growth prospects

Global growth prospects

In its latest update to its World Economic Outlook (WEO), the IMF has trimmed its global growth estimates for 2020 to 3.3 percent, 0.1 percent lower than its October, 2019 estimates and for 2021 by 0.2 percent to 3.4 percent. According to its chief Krista
Updated 25 Jan, 2020 09:42am
Gold up by Rs 150 per tola

Gold up by Rs 150 per tola

Gold on Friday was traded for Rs 90,300 per tola, up by Rs 150 on the local market, traders said. The yellow metal was being sold for Rs77,418 per 10 grams, up by Rs 128 and $1,559 an ounce up by $5. Silver was selling for Rs 1,000 per tola, Rs 857.33 per
Published 25 Jan, 2020 12:00am
Crackdown ordered against profiteers, hoarders

Crackdown ordered against profiteers, hoarders

Chief Secretary Punjab Maj Azam Suleman Khan (retd) and IG Punjab Police Shoaib Dastagir called on Chief Minister Punjab Sardar Usman Buzdar, here on Friday and discussed matters regarding administrative affairs, measures taken for providing relief and la
Published 25 Jan, 2020 12:00am
PPL-funded eye camp held at Kandhkot

PPL-funded eye camp held at Kandhkot

As an ongoing feature of Pakistan Petroleum Limited's (PPL) Corporate Social Responsibility (CSR) programme, a three-day free-of-cost surgical eye camp concluded at Taluka Headquarters Hospital, Kandhkot in District Kashmore, Sindh near PPL-operated Kandh
Published 25 Jan, 2020 12:00am
AG KP ordered to probe late filing of cases by provincial government

AG KP ordered to probe late filing of cases by provincial government

The Supreme Court on Friday ordered Advocate General Khyber Pakhtunkhwa (KPK) to probe into late filing of cases by the provincial government on different issues. A three-judge bench, headed by Chief Justice Gulzar Ahmed, heard an appeal regarding service
Published 25 Jan, 2020 12:00am
Presidential ordinances: Opposition senators slam treasury benches

Presidential ordinances: Opposition senators slam treasury benches

After days of 'ceasefire' between the government and opposition since the start of the ongoing session of the Upper House of the Parliament on January 1, the opposition senators on Friday slammed the treasury benches for reviving the practice of relying o
Published 25 Jan, 2020 12:00am
R&D first step towards economic prosperity: PCSIR chief

R&D first step towards economic prosperity: PCSIR chief

Chairman of Pakistan Council of Scientific Research (PCSIR), Habibullah Khan has said that Research and Development (R&D) is the first step towards the economic prosperity. Speaking at a meeting of Korangi Association of Trade & Industry (KATI), he said t
Published 25 Jan, 2020 12:00am
MQM-P concerned at country's ranking in TI report

MQM-P concerned at country's ranking in TI report

Muttahida Qaumi Movement Pakistan (MQM-P), an ally of Pakistan Tehreek-e-Insaf (PTI)'s federal government, Friday showed concern over the increasing corruption in Pakistan as reported by Transparency International. Dr Khalid Maqbool Siddiqui, Convener MQM
Published 25 Jan, 2020 12:00am
ICAP launches 'CA Women on Board Directory' at PSX
Stocks

ICAP launches 'CA Women on Board Directory' at PSX

The CA Women Committee of the Institute of Chartered Accountants of Pakistan (ICAP) has launched the CA Women on Board Directory. The launching ceremony was held at Pakistan Stock Exchange (PSX) on Friday. The Directory is a compilation of details of over
Published 25 Jan, 2020 12:00am
PRA to set up body of stakeholders to bridge communication gap
Taxes

PRA to set up body of stakeholders to bridge communication gap

Punjab Revenue Authority (PRA) wants to form a committee having representatives from the Lahore Chamber of Commerce & Industry (LCCI) and other sectors to bridge the communication gap. Chairman PRA Zain-ul-Abidin Sahi stated this while speaking at the Lah
Published 25 Jan, 2020 12:00am
Buzdar reviews setting up of industrial estates and SEZs

Buzdar reviews setting up of industrial estates and SEZs

Chief Minister Punjab Sardar Usman Buzdar held an important meeting at his office, here Friday in which different matters including establishment of Industrial Estates and Special Economic Zones, progress on the annual development program, provincial fina
Published 25 Jan, 2020 12:00am
Shaukat Khanum Science, Engineering Fair concludes

Shaukat Khanum Science, Engineering Fair concludes

Shaukat Khanum National Science and Engineering Fair 2019, was concluded in Lahore on a positive note. As many as 214 participants of 38 institutions from all across Pakistan presented 80 science projects in the categories of Chemistry, Earth & Environmen
Published 25 Jan, 2020 12:00am
Power supply: PTEA voices concern over imposing surcharges, taxes
Cotton & Textile

Power supply: PTEA voices concern over imposing surcharges, taxes

Pakistan Textile Exporters Association (PTEA) has expressed grave concern over imposition of surcharges, taxes and fuel adjustment on power supply to export-oriented sectors as it will negatively hit the export growth shattering all the efforts for sizeab
Published 25 Jan, 2020 12:00am
Government, opposition blame each other for flour crisis in PA

Government, opposition blame each other for flour crisis in PA

The Opposition and government legislators in session of Punjab Assembly on Friday blamed each other for ongoing flour crisis in the country. The session started almost two hours late under the chair of Deputy Speaker Sardar Dost Muhammad Mazari.
Published 25 Jan, 2020 12:00am
Protest rallies against inflation held in KP

Protest rallies against inflation held in KP

The workers of different political parties, including JUI-F, JI, QWP, and progressive national parties on Friday held protest rallies and demonstrations against inflation, flour and sugar crises, unemployment and government's anti-masses policies.
Published 25 Jan, 2020 12:00am
Auqaf department to use tech to monitor cash boxes at shrines

Auqaf department to use tech to monitor cash boxes at shrines

Punjab Auqaf department has decided to use technology for monitoring cash boxes and an increase in the income from shrines. The monitoring would be reviewed after every two weeks to check malpractices in collection of dues. Meanwhile, the targets of 40 zo
Published 25 Jan, 2020 12:00am
Workshop on social media news held at SU

Workshop on social media news held at SU

"We live in an era where information and misinformation closely compete one another on print media, electronic media and social media; mounting tremendous pressure on users to double-check the veracity of the news before further dissemination." Sindh Univ
Published 25 Jan, 2020 12:00am
Chamber of agriculture bill discussed

Chamber of agriculture bill discussed

National Assembly's Subcommittee on Food Security and Research met here on Friday to discuss a private member bill titled "the Chamber of Agriculture Bill, 2019." The bill provides legal framework for establishing Chamber of Agriculture aimed at creating
Published 25 Jan, 2020 12:00am
METRO Pakistan launches Star Farm Academy

METRO Pakistan launches Star Farm Academy

METRO Pakistan Ltd in collaboration with Star Farm launched the Star Farm Academy at its Canal Store Lahore, with the vision of "Enhancing Skills for Better Tomorrow". The first project titled "Retail Sales Associate Training Programme" was initiated by t
Published 25 Jan, 2020 12:00am
New EV policy to encourage made-in-Pakistan tagline: adviser

New EV policy to encourage made-in-Pakistan tagline: adviser

Prime Minister's Advisor on Climate Change, Malik Amin Aslam on Friday said that electric vehicle (EV) Policy would help transform Pakistan's transport sector in coming years and urban outlook with introduction of better, sustainable, affordable and envir
Published 25 Jan, 2020 12:00am
Qureshi welcomes Tehran, Riyadh's readiness for talks

Qureshi welcomes Tehran, Riyadh's readiness for talks

Foreign Minister of Pakistan Shah Mahmood Qureshi has welcomed the recent statements issued by the Islamic Republic of Iran and Saudi Arabia expressing their readiness for talks to resolve disputes. Qureshi while responding to a question of IRNA at the fo
Published 25 Jan, 2020 12:00am
Afghan boy granted visa for treatment

Afghan boy granted visa for treatment

A 12-year old ailing Afghan boy was granted Pakistani visa for medical treatment on humanitarian grounds upon the special directives of Foreign Minister Shah Mahmood Qureshi.
Published 25 Jan, 2020 12:00am
Hudood, Qisas cases: Senate body to seek CII help

Hudood, Qisas cases: Senate body to seek CII help

A parliamentary panel on Friday decided to seek help from the Council of Islamic Ideology (CII) in a bill seeking an end to presidential powers to pardon sentences in Hudood and Qisas cases. The meeting of Senate Standing Committee on Law and Justice, whi
Published 25 Jan, 2020 12:00am
IBA-CICT signs MoU with AMFCO Technologies

IBA-CICT signs MoU with AMFCO Technologies

The Institute of Business Administration, Karachi's Centre for Information and Communication Technology (IBA-CICT) has signed a memorandum of understanding (MoU) with AMFCO Technologies to participate as an academic strategic partner in the Digital Pakist
Published 25 Jan, 2020 12:00am
12th round of Pakistan-Japan BPC held

12th round of Pakistan-Japan BPC held

The 12th round of Pakistan-Japan Bilateral Political Consultations (BPC) was held here on Friday. The Pakistan side was led by Foreign Secretary Sohail Mahmood, while Senior Deputy Minister for Foreign Affairs Kenji Kanasugi led the Japanese side, said a
Published 25 Jan, 2020 12:00am
OGDCL wins top CSR awards
Energy

OGDCL wins top CSR awards

Oil and Gas Development Company Limited (OGDCL) bagged three CSR awards in different categories of Oil & Gas, CSR Projects & Community Development Services at 12th CSR Summit organized by National Forum for Environment and Health (NFEH) in Islamabad. The
Published 25 Jan, 2020 12:00am
Punjab government to step up campaign against adulteration

Punjab government to step up campaign against adulteration

Punjab government on Friday decided to step up campaign against adulteration in the province. In this connection, Punjab Chief Secretary Major Azam Suleman Khan (retd) chaired a meeting and he directed the officials concerned to take stern action against
Published 25 Jan, 2020 12:00am
Ministry quota: Recruitments in Islamabad police challenged

Ministry quota: Recruitments in Islamabad police challenged

Recruitments in Islamabad police "without observing" the minority quota has been challenged in the Islamabad High Court. Asif Mehmood on Friday through Haroon-ur-Rashid Advocate filed a writ petition and cited secretary Establishment Division and inspecto
Published 25 Jan, 2020 12:00am
Two killed, 3 injured in separate incidents

Two killed, 3 injured in separate incidents

Two persons were killed and three others injured in separate incidents of violence while the police claimed to have arrested 45 accused including a gang of motorbike snatchers during the last 24 hours. Malik Naveed son of Muhammad Sadiq was killed by unkn
Published 25 Jan, 2020 12:00am
20 Pakistani manufacturers to participate in Paris expo
Cotton & Textile

20 Pakistani manufacturers to participate in Paris expo

Some 20 Pakistani manufacturers of fabric, garments and leather will take part at Texworld, Apparel Sourcing and Leatherworld Paris to be held from February 10-13, 2020. Trade Development Authority of Pakistan (TDAP) is organizing the Pakistan pavilion at
Published 25 Jan, 2020 12:00am
IFMP organises workshop on AML-CTF

IFMP organises workshop on AML-CTF

The Institute of Financial Markets of Pakistan (IFMP) organised a workshop on Anti-Money Laundering/ Combating Terrorist Financing on Thursday, 23 January 2020, at a local hotel in Karachi. The workshop was conducted by Sumera Baloch - Additional Director
Published 25 Jan, 2020 12:00am
Absence of NHA officials irks Senate panel

Absence of NHA officials irks Senate panel

The absence of National Highway Authority (NHA) officials from a meeting of the Senate panel on Friday irked the lawmakers who expressed displeasure over the non-seriousness of the public servants to turn up to the parliamentary bodies.
Published 25 Jan, 2020 12:00am
Five salt processing units sealed in Punjab

Five salt processing units sealed in Punjab

The Punjab Food Authority on Friday sealed five salt processing units while inspecting 690 units across the province. PFA Director General Irfan Memon said that the purpose of the inspection was ensuring the right amount of iodine in salt and other minera
Published 25 Jan, 2020 12:00am
Bulgaria accuses two more Russians of spying

Bulgaria accuses two more Russians of spying

Bulgaria summoned Moscow's ambassador on Friday after two men based at the Russian embassy in Sofia were accused of spying and ordered to leave the country. A consular first secretary and an official at Russia's trade representation, both men, collected "
Updated 25 Jan, 2020 06:50am
Gunman kills parents and four others in Germany

Gunman kills parents and four others in Germany

A 26-year-old man is believed to have shot dead his mother and father and four other people in a town in southwest Germany on Friday, police said, leaving two others seriously wounded.
Updated 25 Jan, 2020 06:50am
US media trust gap widens in wake of Trump attacks: poll

US media trust gap widens in wake of Trump attacks: poll

A partisan split on trust in the US news media has widened in recent years in the wake of attacks on the press by US President Donald Trump, a survey showed Friday. The Pew Research Center poll found growing polarization among Americans in their views, wi
Published 25 Jan, 2020 12:00am
Heavy rain kills dozens in Madagascar

Heavy rain kills dozens in Madagascar

At least 21 people have died in Madagascar following almost a week of torrential rain in the north-west of the island, the government said on Friday. The tropical Indian Ocean nation is in the midst of an intense six-month rainy season that often leads to
Published 25 Jan, 2020 12:00am
Bolsonaro in maiden India visit

Bolsonaro in maiden India visit

Brazilian President Jair Bolsonaro arrived for his first official visit to India on Friday aiming to boost ties between the two stuttering BRICS economies and with fellow right-wing leader Narendra Modi.
Published 25 Jan, 2020 12:00am
34 US troops injured in recent Iranian strike: Pentagon

34 US troops injured in recent Iranian strike: Pentagon

Nearly three dozen US troops suffered traumatic brain injuries or concussion in this month's Iranian air strike on a military base in Iraq, the Pentagon said on Friday. "Thirty-four total members have been diagnosed with concussions and TBI (traumatic bra
Published 25 Jan, 2020 12:00am
EU calls Iran nuclear talks next month in bid to save deal

EU calls Iran nuclear talks next month in bid to save deal

Brussels made a bid to buy more time to save the Iran nuclear deal Friday, calling a meeting for next month after Britain, France and Germany launched a dispute process. The European capitals triggered the complaint mechanism last week after Tehran took a
Published 25 Jan, 2020 12:00am
US pharma boss gets five years jail time

US pharma boss gets five years jail time

John Kapoor, the founder of US drug maker Insys, was sentenced to five and a half years in prison on Thursday for helping fuel America's deadly opioid crisis. The 76-year-old became the first owner of a pharmaceutical company to go to prison over the cris
Published 25 Jan, 2020 12:00am
6.8 magnitude quake hits eastern Turkey

6.8 magnitude quake hits eastern Turkey

An earthquake measuring 6.8 on the Richter scale hit eastern Turkey on Friday, a Turkish government agency said. There was no immediate information about any casualties but the country's interior minister said there were reports that some buildings had co
Published 25 Jan, 2020 12:00am
Astronauts bake first cookies in space

Astronauts bake first cookies in space

Astronauts on the International Space Station have baked the first cookies in space, but they took far longer than on Earth. The space station's Italian commander Luca Parmitano acted as baker aided by NASA astronaut Christina Koch for the chocolate-chip
Published 25 Jan, 2020 12:00am
Johnson hails 'new chapter' as he signs EU divorce deal

Johnson hails 'new chapter' as he signs EU divorce deal

Prime Minister Boris Johnson on Friday hailed "a new chapter" in Britain's history as he signed its divorce deal with the EU, clearing another hurdle ahead of the country's departure from the bloc next Friday.
Published 25 Jan, 2020 12:00am
Euro hovers near seven-week low in Asia
Money & Banking

Euro hovers near seven-week low in Asia

The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more cautious than expected, while anxiety over China's coronavirus outbreak propped up the safe-haven yen. The euro changed hands at $1.1055,
Published 25 Jan, 2020 12:00am
Euro tumbles to seven-week low in Europe
Money & Banking

Euro tumbles to seven-week low in Europe

The euro weakened to a seven-week low on Friday as lacklustre PMI data added to the broader market conviction that European central bank policymakers will maintain a loose monetary policy for the near future. Eurozone business activity remained lacklustre
Published 25 Jan, 2020 12:00am
Dollar climbs against euro in New York
Money & Banking

Dollar climbs against euro in New York

The dollar rose against the euro on Thursday after the European Central Bank held interest rates steady and launched a broad review of its policy that was likely to see new President Christine Lagarde redefine the ECB's main goal and how to achieve it.
Published 25 Jan, 2020 12:00am
Lira 'looks competitive' at 5.7-5.9 against dollar
Money & Banking

Lira 'looks competitive' at 5.7-5.9 against dollar

The Turkish lira "looks competitive" at a level between 5.7 and 5.9 against the US dollar, Finance Minister Berat Albayrak was cited as saying by the Nikkei newspaper on Friday, adding that financial stability was a matter of "national security". A curren
Published 25 Jan, 2020 12:00am
Asian forex: most units up, but virus fears cap gains
Money & Banking

Asian forex: most units up, but virus fears cap gains

Most Asian currencies rose slightly on Friday, although gains were limited by lack of direction from China and rising death toll and case count from a new coronavirus. Trading volumes were thin, with financial markets in China, Taiwan and South Korea clos
Published 25 Jan, 2020 12:00am
Australian, New Zealand dollars find mixed fortunes
Money & Banking

Australian, New Zealand dollars find mixed fortunes

The Australian dollar looked to be heading for a fourth straight week of losses on Friday as the China virus dominated headlines, though the New Zealand dollar got a late lift from inflation data that just topped expectations. The Aussie was pinned at $0.
Published 25 Jan, 2020 12:00am
Sterling drops
Money & Banking

Sterling drops

Sterling retreated on Friday after initially strengthening, as some investors still expected an interest rate cut next week even though business surveys pointed to a post-election bounce in the British economy.
Published 25 Jan, 2020 12:00am
Dutch Dakar biker dies after Saudi Arabia crash
Other

Dutch Dakar biker dies after Saudi Arabia crash

Dutch motorcyclist Edwin Straver, who crashed during the penultimate stage of the Dakar rally, has died of his injuries, his wife confirmed on Friday. The 48-year-old from Rijswijk in southern Netherlands fell from his KTM 450 on January 16 travelling at
Published 25 Jan, 2020 12:00am
India beat New Zealand in emphatic run chase
Cricket

India beat New Zealand in emphatic run chase

India cast aside talk of travel fatigue with half-centuries from Lokesh Rahul and Shreyas Iyer headlining an emphatic run chase to beat New Zealand with an over to spare in the opening Twenty20 match in Auckland Friday.
Published 25 Jan, 2020 12:00am
UK regulator launches probe into Just Eat takeover
Stocks

UK regulator launches probe into Just Eat takeover

Britain on Friday launched a regulatory probe into a planned takeover of UK online food delivery service Just Eat by Dutch peer Takeaway.com. The Dutch company earlier this month won a battle for Just Eat, beating a hostile bid by tech firm Prosus to crea
Published 25 Jan, 2020 12:00am
German media giant Axel Springer quits stock exchange
Global Business Economy

German media giant Axel Springer quits stock exchange

German media giant Axel Springer announced Friday that it would begin delisting from the Frankfurt Stock Exchange, following its takeover by American investment firm KKR. "Axel Springer SE plans to withdraw from the stock exchange," the group confirmed in
Published 25 Jan, 2020 12:00am
Protests across France against pensions overhaul
Global Business Economy

Protests across France against pensions overhaul

Protesters again poured into streets across France on Friday hoping to derail a hotly contested pension overhaul, whose fate will soon be in the hands of lawmakers after weeks of crippling transport strikes.
Published 25 Jan, 2020 12:00am
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