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Archive - 2016-11-14
Pentagon to NATO: talk to Team Trump
Asia

Pentagon to NATO: talk to Team Trump

WASHINGTON: US Defense Secretary Ashton Carter on Monday advised NATO countries worried about the arrival of Donald Trump at the White House to talk to the incoming administration to ensure he respects the alliance.
Published 14 Nov, 2016 10:15pm
Recession-hit Russia hoping for growth by end-2016
Asia

Recession-hit Russia hoping for growth by end-2016

MOSCOW: Russia's economy is still flatlining after more than two years of crisis, figures showed Monday, with Moscow hoping to end 2016 on the mend but with longer-term prospects looking gloomy.
Published 14 Nov, 2016 10:13pm
RugbyU: Wales aim to have Faletau fit to face Springboks
Sports

RugbyU: Wales aim to have Faletau fit to face Springboks

LONDON: Wales have released Taulupe Faletau to English Premiership side Bath for their west country derby against Bristol on Friday in the hope of having him fit to face South Africa in their final November international.
Published 14 Nov, 2016 10:09pm
Obama: Trump is pragmatic, not 'ideological'
Top News

Obama: Trump is pragmatic, not 'ideological'

WASHINGTON: US President Barack Obama admitted Monday that he still has concerns about Donald Trump but was comforted that his successor appears pragmatic rather than ideological.
Published 14 Nov, 2016 10:08pm
India increasing escalation on LoC, Working Boundary: DG ISPR
Top News

India increasing escalation on LoC, Working Boundary: DG ISPR

ISLAMABAD: Director General Inter Services Public Relations (ISPR) Lt Gen Asim Saleem Bajwa Monday said India was continuously increasing escalation along the Line of Control and Working Boundary with clear pattern, by first using small arms, then mortar
Published 14 Nov, 2016 09:14pm
Weaker utilities take shine off European equities
Financial

Weaker utilities take shine off European equities

MILAN: European shares surrendered most of their early gains and ended slightly higher on Monday, with a slump in bond-proxy sectors following a rally in bond yields capping gains recorded by financials and miners.
Published 14 Nov, 2016 08:18pm
Merkel urges Germans to stay ‘open-minded’
Asia

Merkel urges Germans to stay ‘open-minded’

BERLIN: Chancellor Angela Merkel on Monday urged Germans to stand up for an "open-minded" country, warning that the US election victory of Donald Trump could inflame Germany's refugee debate.
Published 14 Nov, 2016 07:58pm
Europeans agree defence plan after campaign swipes by Trump
Asia

Europeans agree defence plan after campaign swipes by Trump

BRUSSELS: The European Union on Monday agreed a defence plan that could see it sending rapid response forces abroad for the first time, as US President-elect Donald Trump's criticism of allies appeared to galvanise Europe into revamping its strategy.
Published 14 Nov, 2016 07:36pm
PEMRA issues show cause notice to Express News TV
Pakistan

PEMRA issues show cause notice to Express News TV

ISLAMABAD: Pakistan Electronic Media Regulatory Authority (PEMRA) on Monday issued a show cause notice to Express News TV channel for making mockery of newly appointed Sindh Governor with regards to his age and health.
Published 14 Nov, 2016 07:26pm
Govt committed to deny space to those targeting citizens: Nisar
Front Top News

Govt committed to deny space to those targeting citizens: Nisar

ISLAMABAD: Minister for Interior Chaudhry Nisar Ali Khan on Monday said that the present government was fully committed to deny space to any desperate elements who target innocent citizens and disturb the peace of the country.
Published 14 Nov, 2016 07:24pm
Punjab forensic teams to probe Shah Norani blast
Pakistan

Punjab forensic teams to probe Shah Norani blast

QUETTA: Home Minister, Balochistan, Mir Sarfaraz Bugti Monday said forensic teams of Punjab province would reach Balochistan within next two days to conduct probe into Shah Norani blast on scientific basis.
Published 14 Nov, 2016 07:19pm
ECB warns of risks of protectionism after Trump win
Asia

ECB warns of risks of protectionism after Trump win

FRANKFURT AM MAIN: European Central Bank vice president Vitor Constancio on Monday warned that the protectionist measures promised by US president-elect Donald Trump risked weakening global growth.
Published 14 Nov, 2016 07:02pm
Dollar surges to 11-month high as bond rout persists
Financial

Dollar surges to 11-month high as bond rout persists

LONDON: The dollar surged to an 11-month high against a basket of major currencies on Monday, resuming an upward track driven by US bond yields and expectations for higher inflation after Donald Trump's US election victory.
Published 14 Nov, 2016 06:13pm
Mauresmo to quit as head of French women's team
Sports

Mauresmo to quit as head of French women's team

PARIS: Former Wimbledon champion Amelie Mauresmo is to quit as captain of the French women's tennis team after their defeat on Sunday in the Fed Cup final to the Czech Republic, sports newspaper L'Equipe reported on Monday.
Published 14 Nov, 2016 06:12pm
EU split over how to handle post-coup Turkey
Top News

EU split over how to handle post-coup Turkey

BRUSSELS: The European Union was divided on Monday on how to handle Turkey over its crackdown on alleged supporters of a failed July military coup, with Austria leading calls to suspend Ankara's EU membership bid and Britain firmly in favour of mainta
Published 14 Nov, 2016 05:53pm
UK 10-year yields near six-month high on inflation bets
Financial

UK 10-year yields near six-month high on inflation bets

LONDON: British 10-year government bond yields approached their highest level in six months on Monday, after prices fell for a sixth day in a global rout driven by expectations that President-elect Donald Trump's policies will boost inflation.
Published 14 Nov, 2016 05:42pm
Rise of Modi in India rapidly denudes principles of democracy: Report
Front Top News

Rise of Modi in India rapidly denudes principles of democracy: Report

ISLAMABAD: The democracy in India, one of the poorest countries in the world, suffered a setback in 2004 when Narendra Modi, a member of an alt-right Hindu organization inspired by fascists and Nazis, was elected prime minister.
Published 14 Nov, 2016 05:42pm
NOPA October soybean crush seen at 160.478mn bushels
Commodities

NOPA October soybean crush seen at 160.478mn bushels

CHICAGO: US soybean processors likely notched their busiest October ever, analysts said, with a bumper harvest of soybeans and heavy deliveries straight out of the fields fueling crushing operations across the United States.
Published 14 Nov, 2016 05:41pm
Rs21bn sales tax refund claims cleared: Dar
Pakistan

Rs21bn sales tax refund claims cleared: Dar

ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar Monday said the Federal Board of Revenue (FBR) had cleared sales tax refund claims of Rs 21 billion which would be electronically transferred in the accounts of tax payers within next 24 hours.
Published 14 Nov, 2016 05:38pm
Natural disasters push 26mn into poverty annually: World Bank
Pakistan

Natural disasters push 26mn into poverty annually: World Bank

MARRAKESH: Natural disasters drive at least 26 million people into poverty each year and cause more than $500 billion in lost consumption, far exceeding the value of damage to property alone, according to a World Bank report released Monday.
Published 14 Nov, 2016 04:56pm
Govt asked, do more to empower women: Rauf Alam
Pakistan

Govt asked, do more to empower women: Rauf Alam

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) while expressing satisfaction over initiatives of government to empower women Monday asked the government to take additional steps for further socio-economic empowerment of wo
Published 14 Nov, 2016 04:38pm
Rooney doubtful for England's Spain test
Sports

Rooney doubtful for England's Spain test

LONDON: Skipper Wayne Rooney and left-back Ryan Bertrand are injury doubts for England's year-ending friendly against Spain, interim manager Gareth Southgate said on Monday.
Published 14 Nov, 2016 04:03pm
LCCI welcomes Gwadar Port operationalisation
Pakistan

LCCI welcomes Gwadar Port operationalisation

LAHORE: The Lahore Chamber of Commerce and Industry on Monday congratulated the nation, President of China Xi Jingping, Prime Minister Muhammad Nawaz Sharif, Chief of Army Staff General Raheel Sharif and Chinese Ambassador Sun Weidong for operationalisati
Published 14 Nov, 2016 04:02pm
KCCI seeks extension in IT returns filing deadline
Pakistan

KCCI seeks extension in IT returns filing deadline

KARACHI: President, Karachi Chamber of Commerce and Industry (KCCI), Shamim Ahmed Firpo has requested Federal Board of Revenue (FBR) to extend last date for filing of income tax returns and wealth statements up to December 31, 2016.
Published 14 Nov, 2016 03:57pm
Greek police ban protests during Obama visit
Asia

Greek police ban protests during Obama visit

ATHENS: Greek police have banned protests planned during US President Barack Obama's trip to Athens from Tuesday, the first leg of his last official visit to Europe.
Published 14 Nov, 2016 03:54pm
LHC grants bail to accused in MPA murder case
Pakistan

LHC grants bail to accused in MPA murder case

LAHORE: A Lahore High Court (LHC) division bench on Monday granted bail to an accused, Waheed Ullah Kalo, allegedly involved in killing of Pakistan Muslim League-N MPA Rana Shamshad and two others.
Published 14 Nov, 2016 03:48pm
Marine oil spill exercise `BARRACUDA-VII'
Pakistan

Marine oil spill exercise `BARRACUDA-VII'

KARACHI: Marine Pollution like major oil spills are catastrophic for marine environment including ports, harbors and EEZ thus requiring collective response by all stake holders.
Published 14 Nov, 2016 03:45pm
Govt to speed up reforms process
Top News

Govt to speed up reforms process

ISLAMABAD: World Bank Country Director Patchamuthu Illangovan and Finance Minister Senator Mohammad Ishaq Dar here on Monday agreed to speed up reforms process that will bring efficiency and transparency in the system.
Published 14 Nov, 2016 03:39pm
Turkey could put EU talks to a referendum next year: Erdogan
Asia

Turkey could put EU talks to a referendum next year: Erdogan

ANKARA: Turkey could hold a referendum on whether to continue membership talks with the European Union next year, President Tayyip Erdogan said on Monday, and repeated his warning to Brussels that it needed to "make up its mind" on Turkish accession.
Published 14 Nov, 2016 03:24pm
Syrian rebels battle each other north of Aleppo
Asia

Syrian rebels battle each other north of Aleppo

BEIRUT: Syrian insurgents clashed in a town near the Turkish border on Monday as inter-rebel tensions spilled over, playing to President Bashar al-Assad's advantage with the government tightening its grip on rebel-held eastern Aleppo.
Published 14 Nov, 2016 03:20pm
Trump shapes White House, hires establishment figure, firebrand
Asia

Trump shapes White House, hires establishment figure, firebrand

WASHINGTON: President-elect Donald Trump chose Washington insider Reince Priebus as White House chief of staff and firebrand conservative Stephen Bannon as chief strategist, showing a willingness to work with Congress and giving a nod to right-wing activi
Published 14 Nov, 2016 03:10pm
Ten held for flogging transgender in Sialkot
Top News

Ten held for flogging transgender in Sialkot

SIALKOT: Ten alleged members of a criminal gang were arrested by police in Sialkot on Monday for flogging a transgender woman and posting a video of the violence on social media.
Published 14 Nov, 2016 02:12pm
ICCI welcomes start of Chinese trade convoys to Pakistan
Pakistan

ICCI welcomes start of Chinese trade convoys to Pakistan

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed the start of Chinese trade convoys to Pakistan which arrived at Gawadar through the western route of China-Pakistan Economic Corridor (CPEC) carrying Chinese goods for export to
Published 14 Nov, 2016 01:42pm
Pak women entrepreneurs in China
Pakistan

Pak women entrepreneurs in China

KARACHI: A delegation of Pakistan's women entrepreneurs is currently visiting China to explore new avenues with their Chinese counterparts.
Published 14 Nov, 2016 01:09pm
EU ministers seek 'strong partnership' with Trump
Asia

EU ministers seek 'strong partnership' with Trump

BRUSSELS: European Union foreign ministers insisted on Sunday they expected good relations with Donald Trump, after a crisis meeting that Britain, France and Hungary snubbed in a move that exposed rifts over the US president-elect.
Published 14 Nov, 2016 01:03pm
ICTs in transport domain opens doors to investment
Pakistan

ICTs in transport domain opens doors to investment

ISLAMABAD: The unprecedented uptake of mobile broadband has opened doors to innovative business ventures and Pakistan has witnessed some instant hits in transport domain with world known service providers are entering into Pakistan to facilitate commuters
Published 14 Nov, 2016 12:53pm
Start of trade activity at Gwadar to help revitalize Pak economy
Pakistan

Start of trade activity at Gwadar to help revitalize Pak economy

PESHAWAR: The leading industrialists and politicians Monday said that commencement of trade activities from Gwadar Port under China Pakistan Economic Corridor (CPEC) would help revitalize the economy of the Pakistan besides further enhancing the country&#
Published 14 Nov, 2016 12:49pm
'Dealmaker' Trump an opportunity for Europe: UK's Johnson
Asia

'Dealmaker' Trump an opportunity for Europe: UK's Johnson

BRUSSELS: US President-elect Donald Trump is a man Britain and the European Union can do business with, British foreign minister Boris Johnson said Monday, amid sharp EU divisions over the tycoon's upset election win.
Published 14 Nov, 2016 12:46pm
Market rates of bullion in Lahore
Pakistan

Market rates of bullion in Lahore

LAHORE: Following bullion rates were received from markets here on Monday 2016:%D«ULLION (PER 10 GRAM)%D%A=====================%D%AGOLD TEZABI-24 CT------43381.
Published 14 Nov, 2016 12:43pm
German ruling coalition backs FM Steinmeier as president
Asia

German ruling coalition backs FM Steinmeier as president

BERLIN: Germany's ruling coalition has backed Foreign Minister Frank-Walter Steinmeier as the country's next president, party sources said Monday, paving the way for a sharp critic of Donald Trump to become head of state.
Published 14 Nov, 2016 12:40pm
Chelsea Manning asks Obama for reduced sentence
Asia

Chelsea Manning asks Obama for reduced sentence

NEW YORK: Imprisoned transgender soldier Chelsea Manning, who is serving 35 years behind bars for leaking classified US documents, has asked President Barack Obama to reduce her sentence before he leaves office, reports said.
Published 14 Nov, 2016 12:37pm
DR Congo prime minister resigns
Asia

DR Congo prime minister resigns

KINSHASA: Congolese Prime Minister Augustin Matata Ponyo resigned Monday to make way for an opposition figure to take his place following talks aimed at averting a political crisis.
Published 14 Nov, 2016 12:36pm
Trump not to take salary as the US President
Front Top News

Trump not to take salary as the US President

WASHINGTON: Republican billionaire Donald Trump said in an interview that he would forgo the $400,000 salary that comes with the US president's job.
Published 14 Nov, 2016 12:22pm
Pakistan to engage China in joint oil, gas projects
Real Estate

Pakistan to engage China in joint oil, gas projects

KARACHI: Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi has said that China-Pakistan Economic Corridor (CPEC) focuses on infrastructure development, his country also hopes that the project could be a driver for joint oil and gas projec
Published 14 Nov, 2016 12:21pm
Palm posts biggest fall in over 4 months, tracking Dalian
Commodities

Palm posts biggest fall in over 4 months, tracking Dalian

KUALA LUMPUR: Malaysian palm oil futures fell over 4 percent on Monday to post their biggest intraday drop in over four months, retreating from a four-year high in the previous session as they tracked weaker-performing rival oils on China's Dalian Com
Published 14 Nov, 2016 11:00am
Modi promises to ease cash crunch
Asia

Modi promises to ease cash crunch

NEW DELHI: Prime Minister Narendra Modi on Monday urged Indians to give him more time to resolve a cash crisis that foll
Published 14 Nov, 2016 09:44am
Shah Noorani shrine to be given to Sindh Auqaf department: Zehri

Shah Noorani shrine to be given to Sindh Auqaf department: Zehri

A day after the deadly suicide blast at Shah Noorani Shrine near Hub, Chief Minister Balochistan Sardar Sanaullah Zehri on Sunday announced to close the Sufi saint's shrine till the investigation into the blast is completed. He said that the Shrine would
Published 14 Nov, 2016 12:00am
Army team's rescue work continues

Army team's rescue work continues

Chief of the Army Staff (COAS) Raheel Sharif directed Pakistan Army team to do the rescue work at the Shah Noorani shrine. At least 54 people died and more than 100 were injured in blast on Saturday, after which 100 soldiers, 4 medical teams and 45 ambula
Published 14 Nov, 2016 12:00am
Visit to Europe to give productive results: AJ&K Prime Minister

Visit to Europe to give productive results: AJ&K Prime Minister

Prime Minister Azad Jammu and Kashmir, Raja Farooq Haider on Sunday said that Kashmir EU-Week has become an important event on Kashmir in Europe and especially his visit to European Union (EU) would give productive outcomes in the context of Kashmir issue
Published 14 Nov, 2016 12:00am
PPP summons consultative meeting in Dubai

PPP summons consultative meeting in Dubai

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari and co-chairman Asif Ali Zardari has summoned a high level consultative meeting in Dubai on Wednesday. Senior party leaders from all the four provinces have been called for the meeting to discus
Published 14 Nov, 2016 12:00am
Security on high alert in Karachi

Security on high alert in Karachi

Inspector General Police Sindh has issued security high alert in Karachi in view of suicide attack at dargah Shah Noorani. IGP Sindh A D Khwaja has directed all police officials to enhance security arrangements at sensitive installations, mosques, imam ba
Published 14 Nov, 2016 12:00am
Noorani Shrine blast: 32 bodies of victims handed over to heirs

Noorani Shrine blast: 32 bodies of victims handed over to heirs

At least 32 bodies of the victims of Shah Noorani shrine blast were handed over to the heirs after medico-legal formalities at the Civil Hospital Karachi, here on Sunday. Identity of two deceased could not be ascertained till filing of this report.
Published 14 Nov, 2016 12:00am
Gwadar port: departure of first trade fleet another milestone: Shahbaz

Gwadar port: departure of first trade fleet another milestone: Shahbaz

Chief Minister of Punjab Shahbaz Sharif congratulated Pakistani nation on the historic occasion of the departure of first trade convoy from Gwadar Port under China Pakistan Economic Corridor (CPEC) on Sunday. Punjab Chief Minister congratulated the Chines
Published 14 Nov, 2016 12:00am
LB councillors will have fully furnished offices: DC

LB councillors will have fully furnished offices: DC

The Deputy Commissioner Hyderabad Mutassam Abbassi has said the recently elected local bodies' councillors including those elected on the reserved seats would soon be given furnished offices along with staff so that they can serve people of Hyderabad.
Published 14 Nov, 2016 12:00am
PTAA seeks extension in filing of IT return deadline

PTAA seeks extension in filing of IT return deadline

Pakistan Tax Advisors Association (PTAA) has approached Federal Board of Revenue (FBR) to extend the date of filing of Income Tax Returns/Wealth Statements for Tax Year 2016 up to December 15, 2016. According to a communication of Javed Iqbal Qazi Chairma
Published 14 Nov, 2016 12:00am
SCA seeks end to spurious sale of seeds, water shortage

SCA seeks end to spurious sale of seeds, water shortage

The Sindh Chamber of Agriculture has complained that shortage of water in tail-end areas of the irrigation networks and sale of spurious seeds and fertiliser as Sindh Seed Corporation remained dormant are affecting the farmers. A meeting of the SCA, chair
Published 14 Nov, 2016 12:00am
President advises people to adopt healthy lifestyle

President advises people to adopt healthy lifestyle

President Mamnoon Hussain urged the people, particularly the youth, to spend a healthy life by developing habits of exercise and hard work to better serve the country and take advantage of new opportunities to be created by the CPEC, on Sunday.
Published 14 Nov, 2016 12:00am
Tribal students' concerned over health facilities

Tribal students' concerned over health facilities

A group of tribal students belonging to Landikotal tehsil of Khyber Agency have expressed serious concerns over the poor health facilities in local healthcare centers and blamed concerned for compelling the patients to pay huge money for treatment.
Published 14 Nov, 2016 12:00am
Italian, US artists to create works for Louvre Abu Dhabi

Italian, US artists to create works for Louvre Abu Dhabi

Abu Dhabi's Louvre museum said Sunday it was commissioning renowned artists Giuseppe Penone and Jenny Holzer to create artworks to be displayed at its grand opening next year. Designed by French architect Jean Nouvel and built at a cost of half a billion
Published 14 Nov, 2016 12:00am
Millennia-old mummy found in Egypt tomb

Millennia-old mummy found in Egypt tomb

Spanish archaeologists have discovered a millennia-old mummy in "very good condition" near the southern Egyptian town of Luxor, the antiquities ministry said on Sunday. The find was in a tomb probably dating from between 1075-664 BC, on the west bank of t
Published 14 Nov, 2016 12:00am
Six people gunned down in Honduras

Six people gunned down in Honduras

Six people were fatally shot by gunmen while travelling on a road in central Honduras, according to police, who have not yet established a motive for the killings. The Saturday night crime occurred in the city of Siguatepeque, about 56 miles (90 kilometer
Published 14 Nov, 2016 12:00am
Nepal police arrest 223 over strike

Nepal police arrest 223 over strike

Police arrested 223 members of a Maoist splinter group across Nepal Sunday for vandalising vehicles and forcing shops to close while trying to enforce a nation-wide strike. The protesters from the Communist Party of Nepal (Maoist) had called on factories,
Published 14 Nov, 2016 12:00am
Russia-friendly opposition candidate wins Bulgaria presidential vote

Russia-friendly opposition candidate wins Bulgaria presidential vote

Bulgaria risked plunging into fresh political turmoil Sunday after a Moscow-friendly general backed by the Socialist opposition won the presidential run-off, beating the handpicked nominee of centre-right Prime Minister Boyko Borisov by a whopping margin.
Published 14 Nov, 2016 12:00am
Egyptian actor Mahmoud Abdel Aziz dies

Egyptian actor Mahmoud Abdel Aziz dies

Iconic Egyptian actor Mahmoud Abdel Aziz, who starred in more than 90 feature films and worked under some of Egypt's most celebrated directors, has died aged 70. Abdel Aziz died on Saturday evening "in hospital in Cairo, at the end of his fight against il
Published 14 Nov, 2016 12:00am
Satellite images show Myanmar Rohingya villages torched

Satellite images show Myanmar Rohingya villages torched

Hundreds of buildings in Rohingya villages in western Myanmar have been torched, according to new satellite images released on Sunday as fresh fighting flared in the strife-torn region. Northern Rakhine, which is home to the Muslim Rohingya minority and b
Published 14 Nov, 2016 12:00am
UAE urges more US involvement in Middle East under Trump

UAE urges more US involvement in Middle East under Trump

The United Arab Emirates urged US president-elect Donald Trump Sunday to increase his country's involvement in the Middle East and adopt an "overarching strategy" towards developments in the turmoil-hit region.
Published 14 Nov, 2016 12:00am
Kerry tells Trump that Americans want climate action

Kerry tells Trump that Americans want climate action

US Secretary of State John Kerry made an impassioned plea Sunday for America to maintain action on global warming, despite the election of climate-change denier Donald Trump. While US President-elect Trump has labelled climate change a hoax and threatened
Published 14 Nov, 2016 12:00am
France's Le Pen hails 'new world' after Trump win

France's Le Pen hails 'new world' after Trump win

Donald Trump's US election victory heralds the "building of a new world", France's far-right leader Marine Le Pen said Sunday in a BBC television interview that sparked immediate criticism in Britain.
Published 14 Nov, 2016 12:00am
'Big Blue' freediver Enzo Maiorca dies

'Big Blue' freediver Enzo Maiorca dies

Renowned freediver Enzo Maiorca, whose rivalry with Frenchman Jacques Mayol was immortalised in the Luc Besson film "The Big Blue", has died in Sicily, Italian media said on Sunday. Maiorca, who was 85, was the first man to dive to a depth of 50 metres an
Published 14 Nov, 2016 12:00am
Samsung drug-making unit soars on market debut

Samsung drug-making unit soars on market debut

Shares in Samsung's drug-making unit soared almost six percent on their market debut Thursday, after one of South Korea's biggest ever initial public offerings that raised nearly $2 billion.
Published 14 Nov, 2016 12:00am
Samsung drug-making unit soars on market debut

Samsung drug-making unit soars on market debut

Shares in Samsung's drug-making unit soared almost six percent on their market debut Thursday, after one of South Korea's biggest ever initial public offerings that raised nearly $2 billion.
Published 14 Nov, 2016 12:00am
Indonesia automates forex swap transactions

Indonesia automates forex swap transactions

Bank Indonesia started implementing on Tuesday automatic auction for foreign exchange swap transactions with the central bank, in a bid to minimise risks in its monetary operation, it said in a statement. Bank Indonesia (BI) said the move follows an autom
Published 14 Nov, 2016 12:00am
Mugabe decrees regulations paving way for bond notes
Currency

Mugabe decrees regulations paving way for bond notes

Zimbabwean President Robert Mugabe has side-stepped parliament to issue a decree clearing the way for the introduction of "bond notes" that have raised fears of a return to a domestic currency abandoned in 2009 as hyperinflation crippled the economy.
Published 14 Nov, 2016 12:00am
Mugabe decrees regulations paving way for bond notes
Currency

Mugabe decrees regulations paving way for bond notes

Zimbabwean President Robert Mugabe has side-stepped parliament to issue a decree clearing the way for the introduction of "bond notes" that have raised fears of a return to a domestic currency abandoned in 2009 as hyperinflation crippled the economy.
Published 14 Nov, 2016 12:00am
Egyptian pound strengthens after IMF loan
Currency

Egyptian pound strengthens after IMF loan

Egypt's pound strengthened on Sunday after the International Monetary Fund (IMF) approved a $12 billion loan the government hopes will help restore investor confidence and stabilise the currency.
Published 14 Nov, 2016 12:00am
Mexico peso, Brazil real slump on Trump concerns
Currency

Mexico peso, Brazil real slump on Trump concerns

The Brazilian and Mexican currencies weakened for a third day on Friday on concerns that US President-elect Donald Trump's policies could make the Federal Reserve increase rates by more than expected and bring about a global trade shock.
Published 14 Nov, 2016 12:00am
Texas wildcatter eyes IPO

Texas wildcatter eyes IPO

Upstart oil company Energy Hunter Resources Inc said on Tuesday it plans to hold an initial public offering in November, this year, only six months after founder Gary Evans left as chief executive of his previous company when it exited bankruptcy. If the
Published 14 Nov, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.50-78.50 (previous 78.50-78.50).
Published 14 Nov, 2016 12:00am
Audi software can distort emissions in tests: VW

Audi software can distort emissions in tests: VW

Audi cars with automatic transmissions have technology capable of distorting emissions when they are tested, Volkswagen said, as its luxury flagship is battling allegations over a reported discovery of a new cheat software device. Germany's Bild am Sonnta
Published 14 Nov, 2016 12:00am
Egypt Export and Import: control body to lead wheat inspections

Egypt Export and Import: control body to lead wheat inspections

Egypt's General Organization for Export and Import Control (GOEIC) will replace the quarantine as the body responsible for inspecting strategic agricultural imports, according to a new government decree, after a stand-off over wheat hampered trade.
Published 14 Nov, 2016 12:00am
Toyota agrees to $3.4 billion rust dispute settlement

Toyota agrees to $3.4 billion rust dispute settlement

Toyota has agreed to settle a class-action lawsuit and pay approximately $3.4 billion to owners of trucks and SUVs in the United States who complained that their vehicles lacked proper rust protection. The agreement relates to some 1.5 million Toyota Taco
Published 14 Nov, 2016 12:00am
Air Arabia third quarter net profit rises 26 percent

Air Arabia third quarter net profit rises 26 percent

Budget carrier Air Arabia, the United Arab Emirates' only publicly-listed airline, reported a 26 percent rise in third-quarter net profit on Sunday. The Sharjah-based firm made a net profit of 297 million dirhams ($80.9 million) in the three months to Sep
Published 14 Nov, 2016 12:00am
Smaller deals in focus as big private equity fades in Africa

Smaller deals in focus as big private equity fades in Africa

A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa. But as times have got tougher for investors, small and midsize businesses like Food Lover's Market
Published 14 Nov, 2016 12:00am
Smaller deals in focus as big private equity fades in Africa

Smaller deals in focus as big private equity fades in Africa

A family-owned grocery chain selling lychees and almond milk would have been an unlikely target when giant private equity funds were spending big in Africa. But as times have got tougher for investors, small and midsize businesses like Food Lover's Market
Published 14 Nov, 2016 12:00am
Peru former president Humala ensnared in money laundering case

Peru former president Humala ensnared in money laundering case

A Peruvian judge has ordered former president Ollanta Humala to report to court every 30 days as a money laundering case in which he is a defendant is litigated. Judge Richard Concepcion's ruling late Friday also states that the ex-president cannot change
Published 14 Nov, 2016 12:00am
India draw first Test

India draw first Test

Skipper Virat Kohli hit an unbeaten 49 under pressure before India pulled off a tense draw on the final day of the first Test against England in Rajkot on Sunday. The tourists had declared their second innings at 260-3 shortly after lunch, leaving the hom
Published 14 Nov, 2016 12:00am
Kenyan Lobuwan wins Athens classic marathon

Kenyan Lobuwan wins Athens classic marathon

Kenya's Luka Rotich Lobuwan won the 34th Athens classic marathon on Sunday in two hours, 12 minutes and 49 seconds for the gruelling 42-kilometre (26 mile) course. The 28-year-old Lobuwan was followed across the line by eight of his countrymen with second
Published 14 Nov, 2016 12:00am
Drivers, fans furious as Brazilian GP halted again

Drivers, fans furious as Brazilian GP halted again

The rain-lashed Brazilian Grand Prix was red-flagged to a halt for a second time at Interlagos on Sunday, prompting dismay by drivers and anger amongst frustrated spectators. The red flag was brought out on the 20th lap and again eight laps later as heavy
Published 14 Nov, 2016 12:00am
Pebble Breakers win Seasons Canola Polo Cup

Pebble Breakers win Seasons Canola Polo Cup

Pebble Breakers overpowered Sherwood by 8-4 in the Seasons Canola Polo Cup 2016 main final played here at the Lahore Polo Club (LPC) ground on Sunday. Man-of-the-match Ahmed Ali Tiwana played superbly and amused the spectators with his tremendous polo. He
Published 14 Nov, 2016 12:00am
Lahore Garrison win Royal Palm Golf Team Championship

Lahore Garrison win Royal Palm Golf Team Championship

The Lahore Garrison team emerged as winner of the 10th Royal Palm Golf Team Championship that concluded here at the Royal Palm Golf Course on Sunday. The Lahore Garrison team was comprised of two golfers under 20 years of age, Muhammed Saqib and Ahmed Bai
Published 14 Nov, 2016 12:00am
FR Peshawar win All Fata Cricket title

FR Peshawar win All Fata Cricket title

FR Peshawar clinched the trophy of the All Pakistan FATA Cricket Tournament after defeating host Bajaur Agency team in the final by two wickets played at Bajaur Sports Complex. International cricketers' including fast bowler Muhammad Asif and Mansoor Elah
Published 14 Nov, 2016 12:00am
Rain washes out second day in Hobart Test

Rain washes out second day in Hobart Test

Play was abandoned on the second day of the second Test between Australia and South Africa without a ball being bowled following incessant rain in Hobart on Sunday.
Published 14 Nov, 2016 12:00am
West Indies under cloud in Zimbabwe

West Indies under cloud in Zimbabwe

The West Indies must cope with the loss of their best batsman when they take on Sri Lanka and hosts Zimbabwe in a triangular one-day series after Darren Bravo was sent home for remarks made on Twitter. Bravo was axed from the West Indian squad on Saturday
Published 14 Nov, 2016 12:00am
Gritty Djokovic avoids Thiem upset at Tour Finals

Gritty Djokovic avoids Thiem upset at Tour Finals

Novak Djokovic survived a scare at the start of his bid to regain the world number one ranking as the Serb battled back for a 6-7 (10/12), 6-0, 6-2 victory over Austria's Dominic Thiem at the ATP Tour Finals on Sunday. Djokovic's 122-week reign at the top
Published 14 Nov, 2016 12:00am
World Cup qualifier: Spain, Italy cruise as Wales held again

World Cup qualifier: Spain, Italy cruise as Wales held again

Wales conceded an agonising late equaliser as Serbia battled to a 1-1 draw in a World Cup qualifier on Saturday as former champions Italy and Spain both won 4-0. Earlier Saturday, the Republic of Ireland has stunned Austria 1-0 in Vienna and are top of Gr
Published 14 Nov, 2016 12:00am
Toyota doubles down on slumping Latin America markets

Toyota doubles down on slumping Latin America markets

Toyota Motor Corp is gearing up for Brazil's battered auto market to return to growth in 2017, after a four-year crisis halved overall vehicle sales, the automaker's top executive in Latin America said. Yet Steve St. Angelo - who has tripled Toyota's mark
Published 14 Nov, 2016 12:00am
HSBC warns of gloomy outlook in Britain
Currency

HSBC warns of gloomy outlook in Britain

HSBC Holdings warned of a dim outlook for its British business next year as slowing economic growth following the vote to leave the European Union hampers Chief Executive Stuart Gulliver's drive to boost revenues at Europe's biggest bank.
Published 14 Nov, 2016 12:00am
Credit Agricole boosts capital, reassures over dividend

Credit Agricole boosts capital, reassures over dividend

Credit Agricole has completed a simplification of its structure that puts more capital into the listed arm of the business, allowing it to set a minimum dividend level for next year and expand its asset management arm Amundi.
Published 14 Nov, 2016 12:00am
Credit Agricole boosts capital, reassures over dividend

Credit Agricole boosts capital, reassures over dividend

Credit Agricole has completed a simplification of its structure that puts more capital into the listed arm of the business, allowing it to set a minimum dividend level for next year and expand its asset management arm Amundi.
Published 14 Nov, 2016 12:00am
Vodafone Qatar's loss narrows as it cuts low-margin services

Vodafone Qatar's loss narrows as it cuts low-margin services

Vodafone Qatar reported a narrowing second-quarter loss on Tuesday, halting a run of disappointing earnings performances as the affiliate of Vodafone Group cut low-earning services. The operator made a net loss of 64 million riyals ($17.6 million) in the
Published 14 Nov, 2016 12:00am
Dubai's Damac Properties third quarter profit slips

Dubai's Damac Properties third quarter profit slips

Dubai's DAMAC Properties reported a 11.7 percent fall in third-quarter net profit on Monday as revenue slipped. The developer reported a net profit of 902.0 million dirhams ($245.6 million) for the three months ended September 30, according to a statemen
Published 14 Nov, 2016 12:00am
Dubai's Damac Properties third quarter profit slips

Dubai's Damac Properties third quarter profit slips

Dubai's DAMAC Properties reported a 11.7 percent fall in third-quarter net profit on Monday as revenue slipped. The developer reported a net profit of 902.0 million dirhams ($245.6 million) for the three months ended September 30, according to a statemen
Published 14 Nov, 2016 12:00am
Wal-Mart Pay in talks with several mobile wallet companies

Wal-Mart Pay in talks with several mobile wallet companies

Wal-Mart Stores Inc is in talks with several mobile wallet companies to offer more payment options in its Wal-Mart Pay app, an executive at the world's largest retailer said, after signing up JPMorgan Chase & Co last week.
Published 14 Nov, 2016 12:00am
Progress, but uphill slog for women in tech

Progress, but uphill slog for women in tech

They are under-represented in the industry and sometimes made to feel unwelcome in geek-infested workspaces, but women are making their voices heard at Europe's largest technology marketplace.
Published 14 Nov, 2016 12:00am
Panasonic to start mass production of high-speed gate driver

Panasonic to start mass production of high-speed gate driver

Panasonic Corporation on Friday announced that it will start mass production of a high-speed gate driver optimised for driving its GaN power transistor X-GaN in November 2016. The company will also start mass production of two types of X-GaN and provide s
Published 14 Nov, 2016 12:00am
Facebook buys social media buzz tracker

Facebook buys social media buzz tracker

Facebook on Friday announced it has bought startup CrowdTangle, which specializes in tracking hot content on social networks for media agencies and others.
Published 14 Nov, 2016 12:00am
Quanergy's solid state LiDAR receives CES 2017 Best of Innovation Award

Quanergy's solid state LiDAR receives CES 2017 Best of Innovation Award

Quanergy Systems, Inc, the leading provider of LiDAR sensors and smart sensing solutions on November 11 announced that it has received the CES 2017 'Best of Innovation' Award in the vehicle intelligence category for its S3 solid state LiDAR sensor. The S3
Published 14 Nov, 2016 12:00am
EU lawmakers approve plans for co-ordinated mobile broadband boost

EU lawmakers approve plans for co-ordinated mobile broadband boost

European Union lawmakers on Thursday approved plans to co-ordinate the rollout across the bloc of the 700MHz spectrum band for wireless broadband by 2022 to provide faster mobile broadband and improved access to Internet services.
Published 14 Nov, 2016 12:00am
New device used in monkeys sparks hope of paralysis cure

New device used in monkeys sparks hope of paralysis cure

A new device has allowed two monkeys to regain use of their paralysed legs by transmitting brain signals wirelessly, bypassing their spinal cord lesions, a study released on Wednesday by the journal Nature said.
Published 14 Nov, 2016 12:00am
Six European countries confirm bird flu outbreaks

Six European countries confirm bird flu outbreaks

Six European countries have confirmed outbreaks of a dangerous strain of bird flu, which has caused alarm in Germany where the H5N8 virus spread further on Thursday. Germany, the Netherlands, Poland, Hungary, Denmark and Austria have reported that highly
Published 14 Nov, 2016 12:00am
Africa hit worst by extreme weather in 2015

Africa hit worst by extreme weather in 2015

Four of the 10 countries hammered hardest in 2015 by climate-boosted extreme weather are in Africa, according to a report released on Tuesday at UN climate talks in Marrakesh. "Africa is especially vulnerable to the impacts of climate change," said Sonke
Published 14 Nov, 2016 12:00am
Climate change affects nearly all life on Earth

Climate change affects nearly all life on Earth

Most life on Earth is already being changed by the warming climate, even though the rise in global temperature since pre-industrial times has been rather slight, researchers warned on Thursday. The study in the journal Science found that 82 percent of key
Published 14 Nov, 2016 12:00am
US researchers report promising new Alzheimer's drug

US researchers report promising new Alzheimer's drug

A new experimental treatment against Alzheimer's has proved to be promising and free of harmful side effects, researchers in the United States reported on Wednesday. The research published in the journal Science Translational Medicine on the basis of a sm
Published 14 Nov, 2016 12:00am
Tobacco linked to 40 percent of US cancers

Tobacco linked to 40 percent of US cancers

Tobacco use remains the most preventable cause of cancer, and 40 percent of diagnosed US cancer cases may have a link to its use, health authorities said on Thursday.
Published 14 Nov, 2016 12:00am
Less developed areas: Dr Malik for more focus on universities

Less developed areas: Dr Malik for more focus on universities

Former Chief Minister Balochistan Dr Abdul Malik Baloch has stressed the need for giving more attention to universities located in less developed regions of the country. He was speaking as chief guest during the laptop distribution ceremony at University
Published 14 Nov, 2016 12:00am
NAB chief meets Xinxiang Governor

NAB chief meets Xinxiang Governor

Chairman National Accountability Bureau (NAB), Qamar Zaman Chaudhary on Sunday held a meeting with Governor of Xinxiang Province, Shohrat Zakir, in Urumqi, China.
Published 14 Nov, 2016 12:00am
PIA flight diverted to Azerbaijan

PIA flight diverted to Azerbaijan

Due to medical emergency of two passengers, the Manchester-Islamabad flight of Pakistan International Airlines (PIA), PK-702, was diverted to Baku, Azerbaijan on Sunday. PTI spokesman said the two passengers were offloaded and sent to hospital for treatme
Published 14 Nov, 2016 12:00am
Sherpao underscores need for improvement in Pak-Afghan relations

Sherpao underscores need for improvement in Pak-Afghan relations

Qaumi Watan Party Chairman Aftab Ahmed Khan Sherpao has called for nurturing brotherly relations with neighbouring Afghanistan saying that both the countries have religious, social and cultural affinities that cannot be ignored.
Published 14 Nov, 2016 12:00am
Prices of kitchen items decline slightly

Prices of kitchen items decline slightly

Prices of vegetable and other important kitchen items have slightly decreased in retail market, according to a survey conducted by Business Recorder here on Sunday. Five-kilogram onions are being sold at Rs 100 as compared to Rs 120 during precedin
Published 14 Nov, 2016 12:00am
Four tobacco crops: demand registers decline

Four tobacco crops: demand registers decline

The demand of the tobacco companies for the purchase of all four varieties of tobacco crop registered a big decline. According to sources in Pakistan Tobacco Board (PTB), the demand for Flue Cured Virginia for the year is estimated at 45.990 million kilog
Published 14 Nov, 2016 12:00am
KP finalises 24 demands of Senate body

KP finalises 24 demands of Senate body

Chief Minister Khyber Pakhtunkhwa Pervez Khattak presided over a meeting that finalised 24 demands of the Senate Special Committee, the provincial government made to the federal government.
Published 14 Nov, 2016 12:00am
Islamic State's attack highlights changing tactics

Islamic State's attack highlights changing tactics

The second deadly attack in Balochistan claimed by Islamic State's leadership in a month shows a swift rise of the movement by partnering with local sectarian groups, analysts say, even as an official on Sunday denied IS has a Pakistan presence. Islamic S
Published 14 Nov, 2016 12:00am
Protests on the Mall causing inconvenience to commuters

Protests on the Mall causing inconvenience to commuters

Hardships of commuters multiplied with the addition of a protest by the employees of Water Management Association on The Mall who joined the young doctors at the Chief Minister Secretariat on Thursday.
Published 14 Nov, 2016 12:00am
FARC, Colombian government strike new peace deal

FARC, Colombian government strike new peace deal

Colombia's government and Marxist FARC rebels on Saturday announced a revised peace deal to end 52 years of armed conflict, after voters rejected a prior peace accord in a referendum.
Published 14 Nov, 2016 12:00am
Photojournalist arrested for 'snapping' Gambia president supporters

Photojournalist arrested for 'snapping' Gambia president supporters

A photojournalist arrested for snapping a crowd of ruling party supporters in Gambia was still being held at the weekend, a security source told AFP. Alagie Manka was detained on the outskirts of the capital Banjul for taking pictures of President Yahya J
Published 14 Nov, 2016 12:00am