Business Recorder

• Police say deceased was present in his bakery when the incident occurred

• "Kenya is the first country... to have base stations high up in the sky. Now we will be able to cover the whole country in a very short span of time."
• The technology has been used before, but not commercially. US telecom operators used balloons to connect more than 250,000 people in Puerto Rico after a 2017 hurricane.

• Sterling's unfazed reaction to Sunak's fiscal stimulus measures is in part due to the rally seen in the pound during yesterday's session.
• Sunak also temporarily scrapped a property tax on purchases of homes costing up to 500,000 pounds.

• Copper on the London Metal Exchange has surged more than 40% since touching a 45-month low in March.
• Momentum is really quite astonishing right now. Copper is within striking distance of hitting the January high and that is probably acting as a magnet to the market.

• Investors are still buying stocks but it seems they want to be covered in case of any market correction.

His statement comes just days after Pakistan Cricket Board (PCB) CEO Wasim Khan assured that Asia Cup 2020 will go as planned.

• In March this year, SBI board had approved an investment of 72.50 billion rupees into the troubled lender Yes Bank.
• Earlier this year the Reserve Bank of India (RBI) had taken control of Yes Bank, after the bad-debt laden lender had failed to raise the capital it needed to stay above mandated regulatory requirements.

BCCI chief said officials should not "tinker" with what he calls the best form of cricket.

• Auditor Ernst & Young said that global travel restrictions had dented AirAsia's financial performance, with liabilities exceeding assets by 1.84 billion ringgit.

• As part of the continuing review of the force majeure situation, we have recently received a formal security assessment concerning Es Sider Terminal.
• The Delta Ocean Suezmax tanker arrived at the port on July 5, according to Refinitiv Eikon data, and was chartered by trader Unipec.

• Huawei Vice President Victor Zhang said it would take months to establish the impact of the US measures announced in May.
• These restrictions actually haven't had an impact on Huawei's capability to supply to the UK's 5G and fibre solution at this moment," Zhang told reporters on a call.

• The audit report, which Facebook commissioned two years ago, pointed to what the authors described as a series of harmful decisions.
• The findings come at a time when some 900 advertisers, including major brands such as Coca-Cola, have joined a boycott promoted by major US civil rights groups.

• The new self-service ad platform, which lets companies purchase ads without needing to speak with a sales team.
• The trust issues are there because it's a new app," said an executive at a major ad agency.

• Apple has long maintained a network of authorized service providers such as Best Buy Co Inc to perform warranty work.
• When a customer needs a repair, we want them to have a range of options that not only suits their needs but also guarantees safety and quality so their iPhone can be used for as long as possible.

• China has brought state, military and private sectors together in a quest to combat a disease that has killed over 500,000 people worldwide

• US crude stockpiles rise - API
• US crude output to fall less than expected in 2020 -EIA
• ADNOC plans to boost oil exports in August – sources

• Forecasts show Midwest hot, dry spell less severe than feared.
• Corn, soy markets also weigh China tensions, await USDA report.
• Wheat supported by doubts over European harvest.

• Dollar, euro mostly unchanged.
• Risk appetite wanes as virus cases grow again.
• No major indicator to set a trend.

• "The highest level of uncertainty remains around business interruption," she told a City & Financial online event.
• "A number of insurers are taking steps to make sure there is no ambiguity about who is and isn't covered for a second wave," Sweeney said.

• The Indian trade ministry's Department for Promotion of Industry and Internal Trade, which hosted an online meeting of e-commerce players on Wednesday.
• The companies, however, said they would need two to three months, according to the sources, who asked not to be named as the discussions were private.

• Study states coronavirus is associated with a wide spectrum of neurological syndromes that affects the whole neuraxis

• In early afternoon eurozone deals, Frankfurt's DAX 30 index lost 0.5 percent and the Paris CAC 40 shed 0.8 percent.

• The incident took place in Gulberg town where the woman got enraged when the cop warned her not to park her car at an area where parking was not allowed

• Electricity supply to many areas was disrupted while in some localities people were without power for 12 hours

• 1697 patients also recovered from the virus today.

Pak-Qatar Family Takaful was amongst the first to offer coverage for Coronavirus via its Family Sehat product offering.

• The SBP has announced to reduces markup rate on investment under SBP’s Temporary Economic Refinance Facility (TERF) to 5 percent from the previous 7pc.

• “Pakistan's drone technology is among the most modern in the world,” said Federal Minister for Science and Technology, Chaudhry Fawad Hussain in a tweet post, while sharing video footage of the drone.

• The FO said Jadhav preferred to follow up on his pending mercy petition.

• Imran says there is need the host countries become more sympathetic to these labourers

The phone giant becomes the latest company to move its product launch online as the coronavirus pandemic rages on.

• Zaidi said someone came to his house on a motorcycle and gave him the 'original' JIT report.

Zlatan's side climbed to fifth with 49 points although they are still 14 points adrift of the top four.

• The pan-European STOXX 600 fell 0.5% by 0714 GMT. Banks and energy firms slid more than 1%.

“All the batsmen batted quite well especially Babar Azam, Asad Shafiq and Abid Ali seemed in total control,” says Test captain.

The three-Test series, which marks the return of international cricket after the coronavirus shutdown, starts on Wednesday.

All-rounder is ready for 'massive' return of international cricket.

• The company’s Indian arm in May said it would hire 50,000 temporary workers to meet a surge in online shopping in the country.

• The latest export orders would be boon for Pakistan exports, which has declined by 6.8 percent during 2019-20, due to the economic slowdown which has been brought in by the coronavirus pandemic.

• “Happy to note that well known brand, Hugo Boss, has placed its first order of sportswear to a Pakistani company,” said Dawood in a tweet post.

• A total of twelve members including the CEO and two directors were arrested.

• Lockdown will be imposed in seven areas of Lahore tonight.

• The possibility of airborne transmission in public settings - especially in very specific conditions, crowded, closed, poorly ventilated settings that have been described, cannot be ruled out, WHO said.

• The country's exports at the end of the fiscal year ended June 30, 2020, stood at $21.387 billion against a target of $24 billion.

• The country's imports during the last fiscal year were recorded at $44 billion, indicating a drop of 18.6pc from the imports recorded in 2018-19.

"Wear a mask, wash your hands, social distance."

• The cabinet also gave approval to the appointment of Shumaila Lone and Mujtaba Lodhi as members of the CCP for three years.

• Rahat Kaunain has previously served as chairperson of Competition Commission of Pakistan (CCP) from 2010-2013.

• Brent crude futures fell 10 cents, or 0.2%, to $42.98 a barrel by 0417 GMT.

• U.S. West Texas Intermediate (WTI) crude futures dropped 12 cents, or 0.3%, to $40.50 a barrel, holding to the narrow range of the past few weeks.

• MSCI’s broadest index of Asia-Pacific shares outside Japan were a tad lower after hitting a 4-1/2 month high just on Tuesday.

• Rather than developing its own vaccine in the global race to combat the pandemic, GSK has instead focused on contributing its adjuvant technology to at least seven other global companies.

• The development is the latest bump in the road for the short video company, which is popular with teens. TikTok has seen scrutiny, including from the national security-focused Committee on Foreign Investment in the United States.

• The 2 billion pound Kickstart Scheme will enable employers to hire unemployed young people aged 16-24, using government funds to pay them the national minimum wage for 25 hours a week.

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