Latest News

All Markets Business & Finance World Pakistan

Pakistan

PM calls for achieving wheat procurement targets by June 1

Says federal government will supply wheat to public at low cost

Updated 16 May, 2022 02:11pm

Markets

Vodafone shares jump 4% after UAE group buys 9.8% stake

LONDON: Shares in Vodafone jumped 4% in early trade on Monday after the United Arab Emirates-based telecoms company...

Updated 16 May, 2022 01:40pm

Markets

Euro zone bond yields hold below recent highs on growth unease

LONDON: Most government bond yields across the euro area were a touch lower on Monday, holding below recent...

Published 16 May, 2022 01:11pm

Markets

European shares slip as weak China data stokes recession fears

European shares opened lower on Monday, with French stocks down almost 1%, as alarmingly weak economic data from...

Published 16 May, 2022 01:06pm

Markets

Defensive stocks, weak China data drag UK shares lower

UK shares retreated on Monday on weakness in consumer staple and healthcare stocks, while poor data from China...

Published 16 May, 2022 01:04pm

World

Iran’s foreign minister to visit UAE on Monday

DUBAI: Iran’s top diplomat is expected to visit the United Arab Emirates on Monday, the Iranian foreign ministry...

Published 16 May, 2022 01:02pm

Markets

China stocks close lower on dire economic activity data

SHANGHAI: China stocks ended down on Monday after data showed the country’s economic activity had cooled sharply in...

Published 16 May, 2022 12:57pm

Markets

Rupee slide continues as it hits 194 against US dollar at interbank

This comes amid worry over the state of the economy, falling foreign exchange reserves and a widening trade deficit

Updated 16 May, 2022 12:41pm

Pakistan

PM Shehbaz directs interior minister to provide security to Imran Khan

In Bani Gala, 94 security personnel of police and FC have already been deployed

Published 16 May, 2022 12:04pm

Markets

Japan’s Nikkei extends gains, though China’s slowdown fears weigh

TOKYO: Japan’s Nikkei stock average gained for a second day on Monday, taking cues from previous session’s...

Published 16 May, 2022 12:04pm

Markets

Australia shares end higher on banks; Brambles soars on deal talks

Gains in banks and tech stocks helped Australian shares buck a wider gloom in equities on Monday to end the session...

Published 16 May, 2022 12:01pm

World

Crisis-hit Sri Lanka set for uneasy ‘economic war cabinet’

COLOMBO: Sri Lanka was set to form a new cabinet on Monday as bitter political rivals make common cause to tackle a...

Published 16 May, 2022 11:58am

Sports

Indian badminton heroics knock even cricket off front pages

NEW DELHI: India’s historic first Thomas Cup crown was splashed across front pages Monday with some people saying it...

Published 16 May, 2022 11:55am

Technology

Tesla delays plan to restore Shanghai output to pre-lockdown levels

SHANGHAI: Tesla Inc has delayed a plan to restore production at its Shanghai plant to levels before the city’s...

Published 16 May, 2022 11:47am

Markets

China’s April coal output leaps 11% on year, but demand downturn looms

BEIJING: China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s...

Published 16 May, 2022 11:45am

Markets

Japan’s Nikkei gives up early gains on China slowdown worries

TOKYO: Japan’s Nikkei stock average shed most of its early gains on Monday as data showing a sharper-than-expected...

Published 16 May, 2022 11:43am

Business & Finance

U.S. Treasury’s Yellen to push Poland on global minimum tax implementation

WARSAW: US Treasury Secretary Janet Yellen will thank Poland for hosting millions of Ukrainian war refugees on...

Published 16 May, 2022 11:41am

Markets

Turkish lira weakens to beyond 15.5 against dollar

ISTANBUL: The Turkish lira slid to beyond 15.5 against the dollar on Monday, slipping for the eighth consecutive...

Published 16 May, 2022 11:38am

Business & Finance

China April property sales post steepest drop since 2010

BEIJING/HONG KONG: China’s property sales in April fell at their fastest pace in at least 12 years as COVID-19...

Published 16 May, 2022 11:36am

Markets

Yuan near 20-month low as economic gloom overshadows easing lockdowns

SHANGHAI: China’s yuan hovered just off a 20-month low against the dollar on Monday, as much weaker-than-expected...

Published 16 May, 2022 11:34am

Sports

Man City ready to ‘give our lives’ to retain title: Guardiola

Manchester City manager Pep Guardiola said they are ready to “give their lives” in the final match of the season to...

Published 16 May, 2022 11:32am

Business & Finance

Renault sells stake in Russia’s Avtovaz, with buyback option

Renault will sell its majority stake in carmaker Avtovaz to a Russian science institute, the French carmaker said on...

Published 16 May, 2022 11:30am

World

Sweden, Finland NATO membership would increase Baltic security: Estonia

BERLIN: Sweden and Finland joining NATO would increase the security of the Baltic region, Estonian Foreign Minister...

Published 16 May, 2022 11:28am

Business & Finance

Turkey’s C/A seen recording deficit of $5.37bn in March

ISTANBUL: Turkey’s current account is expected to record a deficit of $5.37 billion in March and end the year with a...

Published 16 May, 2022 11:26am

Business & Finance

Ryanair CFO says ticket prices lower than earlier expectations

DUBLIN: Ryanair in recent weeks has seen single-digit percentage increases in ticket prices compared to the same...

Published 16 May, 2022 11:24am

Markets

China April aluminium output hits record high as power curbs lifted

BEIJING: China’s aluminium production in April hit a record high, official data showed on Monday, after curbs on...

Published 16 May, 2022 11:22am

Markets

Bear run at PSX: Stocks take hammering on economic concerns

Government’s decision to maintain oil prices dents market sentiment

Published 16 May, 2022 11:21am

Markets

Japan to keep calendar-based JGB sales to market unchanged after extra budget

TOKYO: Japan is set to keep its annual calendar-based government bond (JGB) sales to the market steady at initial...

Published 16 May, 2022 11:20am

Markets

Gold hovers near 3-month low as dollar strength continues

Gold prices edged down in choppy trading on Monday as a strong dollar hurt demand for the greenback-priced metal and...

Published 16 May, 2022 11:18am

Technology

Facebook changing with times a decade after stock debut

SAN FRANCISCO: Facebook boss Mark Zuckerberg rang the opening bell remotely to cheers 10 years ago as the beloved...

Published 16 May, 2022 10:48am

World

One dead, four critically injured in California church shooting

LAGUNA WOODS: One person was dead and four others in “critical” condition after a shooting at a church near Los...

Published 16 May, 2022 10:44am

World

Four killed, four wounded in Brazil shooting

RIO DE JANEIRO: Gunmen in Brazil opened fire outside a bar in the northern city of Altamira, killing four people and...

Published 16 May, 2022 10:40am

Business & Finance

China’s retail sales lowest in two years from Covid damage

BEIJING: China’s retail sales slumped to its lowest in over two years while factory output plunged, official data...

Published 16 May, 2022 10:39am

World

Saudi King Salman leaves hospital after tests: state media

RIYADH: Saudi Arabia’s ageing King Salman has left the hospital one week after being admitted for tests, including a...

Published 16 May, 2022 10:36am

World

Future king Charles heads to Canada on queen’s behalf

LONDON: Prince Charles heads to Canada this week to represent head of state Queen Elizabeth II, with more attention...

Published 16 May, 2022 10:32am

World

UK PM heads to Belfast amid deepening EU row

BELFAST: UK Prime Minister Boris Johnson will step into an increasingly bitter row on Monday when he visits Northern...

Published 16 May, 2022 10:27am

Technology

New Zealand to boost electric car sales

WELLINGTON: New Zealanders who trade in their gas-guzzling car will get financial aid towards buying a cleaner...

Published 16 May, 2022 10:24am

World

Ukraine prepares for new Russian Donbas push, says gains made in north

KYIV: Ukraine was preparing Monday for a new Russian push in the eastern Donbas region, as Kyiv said its army’s...

Published 16 May, 2022 10:21am

World

North Korea’s Kim orders military to stabilise supply of COVID-19 drugs

SEOUL: Leader Kim Jong Un has ordered North Korea’s military to stabilise distribution of COVID-19 medicines in the...

Published 16 May, 2022 10:13am

World

Poor workers bear the brunt of India’s heatwave

NOIDA: For construction worker Yogendra Tundre, life at a building site on the outskirts of the Indian capital New...

Published 16 May, 2022 10:10am

World

Shanghai targets June 1 return to normal as COVID lockdowns cool economy

SHANGHAI/BEIJING: Shanghai set out plans on Monday for the return of more normal life from June 1 and the end of a...

Published 16 May, 2022 10:06am

Markets

China stocks fall as dire economic activity data dents sentiment

SHANGHAI: China stocks fell on Monday after data showed that the country’s economic activity cooled sharply in April...

Published 16 May, 2022 10:00am

Markets

Indian shares follow broader Asia higher; Ambuja Cements, ACC up

BENGALURU: Indian shares inched higher on Monday as broader Asia tried to hold onto small gains after weak data from...

Published 16 May, 2022 09:58am

Markets

Tech boost lifts Australian shares; Brambles soars on CVC buyout talks

Australian shares rose on Monday with technology stocks catching the tailwind from a bounce on Wall Street, even as...

Published 16 May, 2022 09:57am

Markets

Australia, NZ dollars toppled by China data shock

SYDNEY: The Australian and New Zealand dollars suffered a fresh setback on Monday when stunningly weak economic data...

Published 16 May, 2022 09:55am

Markets

Dollar perched at 2-decade high on weak China data

LONDON: The US dollar consolidated gains near a two-decade peak on Monday as poor Chinese economic data hurt...

Updated 16 May, 2022 12:59pm

Markets

Oil prices slide as investors take profit; supply fear still looms

TOKYO: Oil prices fell on Monday, paring early gains as investors took profit following a surge in the previous...

Updated 16 May, 2022 01:09pm

Markets

Tokyo shares open higher after US gains

TOKYO: Tokyo shares opened higher on Monday after Wall Street rebounded, backed by gains among high-tech stocks. The...

Published 16 May, 2022 09:46am

Markets

Hong Kong stocks open higher

HONG KONG: Hong Kong equities opened higher on Monday, following a Wall Street bounce sparked by a rally among...

Published 16 May, 2022 09:42am

Markets

Asian stocks up but investors fear recession

HONG KONG: Asian equities were up on Monday after a rally on Wall Street last week, but analysts say fears of a...

Published 16 May, 2022 09:40am

Pakistan

Five youths ‘kidnapped’ near Iranian border

ISLAMABAD: More than five Pakistani youths have been kidnapped when they were crossing Iranian border to go to...

Published 16 May, 2022 06:59am

Pakistan

Global food crisis: Bilawal likely to participate in US-convened meeting

UNITED NATIONS: Foreign Minister Bilawal Bhutto Zardari is expected to be in New York this week to lead Pakistan’s...

Published 16 May, 2022 06:59am

Pakistan

Customs seizes Qatari riyals at Peshawar airport

ISLAMABAD: Continuing with its ongoing incessant operations against currency smuggling, Pakistan Customs seized...

Published 16 May, 2022 06:59am

Pakistan

Covid-19 pandemic: China’s handling set high standards for world: Bilawal

BEIJING: Foreign Minister Bilawal Bhutto-Zardari said that China’s handling of the COVID-19 pandemic by adopting a...

Published 16 May, 2022 06:59am

Pakistan

3000 nomination papers submitted for Sindh LG elections: ECP

KARACHI: As many as 3,000 nomination papers have been submitted for first phase of local government elections in the...

Published 16 May, 2022 06:59am

Pakistan

Hyderabad Division: Construction of district information offices reviewed

HYDERABAD: Secretary of Information Department Sindh Abdul Rasheed Solangi has said that completion of construction...

Published 16 May, 2022 06:36am

Pakistan

Murad questions new conspiracy theory of Imran

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Sunday said that when the former prime minister Imran Khan has...

Published 16 May, 2022 06:36am

Pakistan

Rashid seeks NSC meeting to elect interim prime minister

ISLAMABAD: Former interior minister Sheikh Rashid on Sunday demanded to hold the National Security Council meeting ...

Published 16 May, 2022 06:36am

Pakistan

Alvi lauds GIKI’s contribution in promotion of higher education

PESHAWAR: Prof Dr Fazal Ahmad Khalid, Rector Ghulam Ishaq Khan (GIK) Institute of Engineering Sciences and ...

Published 16 May, 2022 06:36am

Pakistan

Bilawal says ‘conspiracy’ against Imran was hatched in Bilawal House

KARACHI: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari has said Imran Khan was saying the White...

Published 16 May, 2022 06:36am

Pakistan

11 agri, livestock projects worth Rs45bn okayed for KP: minister

PESHAWAR: Provincial Minister for Agriculture and Livestock Mohibullah Khan has said that 11 projects in the...

Published 16 May, 2022 06:36am

Pakistan

Efforts on to facilitate consumers, reduce losses, says KE

KARACHI: As part of its effort to offer maximum convenience to its consumers and ensure uninterrupted power supply ...

Published 16 May, 2022 06:36am

Pakistan

CS pays surprise visit to Kasur district

LAHORE: Chief Secretary Kamran Ali Afzal on Sunday paid a surprise visit to Kasur district as part of measures to...

Published 16 May, 2022 06:36am

Pakistan

Nawaz telephones coalition leaders

ISLAMABAD: Pakistan Muslim League – Nawaz (PML-N) supremo and former prime minister Nawaz Sharif telephoned the...

Published 16 May, 2022 06:36am

Pakistan

UET, Green Wend join hands to develop cost-effective energy projects

PESHAWAR: The University of Engineering and Technology (UET), Peshawar, and Green Wend Energy, a private company...

Published 16 May, 2022 06:36am

Pakistan

32,453 applicants to perform Hajj under govt scheme

ISLAMABAD: The Ministry of Religious Affairs has announced that 32,453 applicants would perform Hajj under ...

Published 16 May, 2022 06:36am

BR Research

Remittances: Let’s see

The home remittances growth has remained unabated. The monthly inflow in April-22 for the first time in the history...

Published 16 May, 2022 06:20am

BR Research

Costliest ever LNG

The import cost of 12 RLNG cargoes scheduled for May 2022 has been worked at $746 million. This is not even the...

Published 16 May, 2022 06:17am

BR Research

Auto financing: Out!

Nothing could be more astonishing than the ability of the Pakistani consumer to absorb the exorbitant increase in ...

Published 16 May, 2022 06:14am

BR Research

Interview with Ammara Masood, CEO and President, National Data Consultant (Pvt.) Limited

‘Banks need speed, scale, agility and an innovative mindset in the digital era’ Ammara Masood is an industry...

Published 16 May, 2022 06:11am