Business Recorder

• US job growth decelerates in July but beats forecast.
• Dollar rebounds after hitting 2-year low on Thursday.

• Yet investors say stocks in the sector could jump if a coronavirus vaccine loosens the pandemic's hold on the US economy.
• You're going to find more attractive spots in the REIT space than you will in some areas of the market like technology.

• In an unusual public statement, William Evanina, director of the National Counterintelligence and Security Center.
• "It would be difficult for our adversaries to interfere with or manipulate voting results at scale," Evanina insisted.

• WeChat, owned by Chinese internet giant Tencent Holdings Ltd , is popular among Chinese students, expats and some Americans who have personal or business relationships in China.
• The ban will cut off far more than the up to 6 million Chinese people who live in the United States.

• Pakistan allowed private sector wheat imports in June to cool domestic wheat and flour prices.
• "Traders had expected the state to issue a large import tender to relieve tight domestic supplies," one European trader said.

• Some of them lying motionless on stretchers, brought into a hospital surrounded by health workers wearing masks because of the COVID-19 pandemic.
• The plane skidded off a runway, crashing nose-first into the ground.
• Air India Express AXB1344, was a repatriation flight operated by the government to bring Indians home during international travel restrictions.

• Little progress seen in US coronavirus relief talks.
• US job growth slows sharply in July.
• Saudi Arabia, Iraq stress full commitment to OPEC+ deal.
• US oil & gas rig count falls to record low for 14th week.

• US economy added 1.76 mln jobs in July – report.
• Congress to continue talks on coronavirus relief bill.
• Trump moves to ban WeChat, TikTok, amps up friction with Beijing.
• Indexes off: Dow 0.34%, S&P 0.34%, Nasdaq 1.16%.

• Nancy Pelosi disclosed the offer as she and Senate Democratic Leader Chuck Schumer prepared to meet White House negotiators again on Friday afternoon.
• Treasury Secretary Steven Mnuchin, one of the White House negotiators, rejected Pelosi's proposal out of hand, telling reporters, "that's a non-starter."

• The US rig count, an early indicator of future output, fell by four to an all-time low of 247 in the week to Aug. 7.
• US oil rigs fell by four to 176 this week, their lowest since July 2005, while gas rigs held steady at 69, according to Baker Hughes data.

• The United Nations announced an additional $6 million in funding for its response - taken from its Central Emergency Response Fund.
• The WHO has flown supplies from Dubai to treat people burned and wounded by flying glass and other debris.

• Airlines are suffering their worst crisis in history due to the COVID-19 pandemic, which decimated air travel demand and crushed the US economy in the second quarter.
• The fallout has put tens of thousands of airline jobs at risk as carriers warn an industry recovery could take years.

• Government already gave the green signal to resume domestic flight operations from all airports.

• The plane was coming in from Dubai and it overshot the runway as it landed

• The minister announced new shipping policy under which incentives have been provided to private shipping companies

• The move is a setback for President Donald Trump as Washington had hoped to issue a common roadmap for a sweeping overhaul of the WHO in September

• CM says 6,022 patients are under treatment in the province out of which 212 are in critical condition

• Eyewitnesses say the victims were unarmed and were talking to each other when the cops opened fired on them

The Men in Green lead by 107 runs at the end of the first innings.

• Imran says the cost of the project is Rs5 trillion and it is important for the city to address issues pertaining to water and pollution

The IPL was due to be staged earlier in the year but was postponed due to Covid-19.

• Democratic and Republican representatives say circumstances in Jammu and Kashmir are still far from normal one year after India’s repeal of Article 370

Real manager Zidane says player himself chose not to travel.

• As per details, a notification has also been issued for the appointment of Shuja Hassan as CEO of the Steel Mills on Friday.

• Met office warned of urban flooding and predicted that this year 10 percent more rains are expected in Sindh as compared to previous year

City lead Madrid 2-1 due to victory in the first-leg.

• Dawood was of the view that the diversification of our exports away from the traditional sectors to new developmental sectors is an important part of government strategy.

Six-time world champion says ‘it just doesn't feel like the right time’.

The left-hander shattered numerous records in his fantastic 156-run knock which include 18 boundaries and two maximums.

• Provincially, households from urban Sindh boast the highest percentage of ownership (4pc).

This clinic aims to empower and help mothers across Pakistan ensure their infants’ good health from the day they are born.

• The PM will inaugurate Ravi Development Authority.

As many as 63 ground staff – across Karachi, Lahore, Multan and Rawalpindi – will receive a 50 per cent bonus on their salaries for the month of August.

The 1987 film was a box office smash and featured hit song “(I’ve Had) The Time of My Life".

• A private security contractor, Jason G said he was offered 750,000 euros by Qatar’s ambassador to Belgium and the North Atlantic Treaty Organization (NATO) to remain quiet on Qatar's role.

• The development comes after last month Pakistan has issued a final warning to Chinese-owned social media app to clamp down on what it called "immoral, obscene and vulgar" content on the video-sharing platform.

• NDMA said 40 out of 42 chocking points have been cleared

• “We want the entire district of Sialkot to be given the status similar to Gwadar so that the exports of $400 million can be increased to $2 billion in two years,” he said.

• It is the third nation to pass that unwanted milestone, lagging behind only the United States and Brazil.

• The executive orders, which go into effect in 45 days, come after the Trump administration said this week it was stepping up efforts to purge “untrusted” Chinese apps from U.S. digital networks and called TikTok and WeChat “significant threats.”

• The company joins other big technology firms that have taken similar steps recently.

• The Australian dollar also fell, hurt by concerns about worsening U.S.-China relations and the Reserve Bank of Australia’s downbeat assessment of the local economy.

• The company said that despite those larger challenges it is sticking to its goal of being profitable on an adjusted basis before the end of 2021 thanks to stringent cost-cutting measures and a strong balance sheet. Uber recorded an adjusted loss in earnings before interest, taxes, depreciation and amortization of $837 million in the second quarter.

• The strategy was discussed at a BP executives meeting in July, the sources said, soon after the oil major lowered its long-term oil price forecast to $55 a barrel, meaning that $17.5 billion worth of its assets are no longer economically viable.

• The two ministers discussed the latest developments in oil markets, continued recovery in global demand and progress made towards implementing the OPEC+ agreement.

• For the first seven months of the year, China’s trade surplus with the United States totalled $153.58 billion.

• U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents to $41.93 a barrel at 0246 GMT, while Brent crude fell 6 cents, or 0.1%, to $45.03, after both contracts had earlier traded higher.

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