News Archives for Latest - 2016-12-19

Technology

Research confirms runners and musicians have better brain dynamics

It may come as a surprise to some, yet researchers have found that running affects the brain in pretty much the same way as playing a musical instrument.

Updated 10 Oct, 2017 10:48am

Technology

Charge your devices with just a finger-touch

Imagine charging your smart phones and hand-held devices by a mere touch! Thankfully you wont have to wait too long as scientists have made this one fantastical idea into reality; by developing a flexible, film like material that generates electrical curr

Updated 10 Oct, 2017 10:46am

Industry

SoftBank delivers first $1bn of Trump pledge, to space firm

WASHINGTON: Satellite broadband firm OneWeb on Monday announced a $1.

Published 19 Dec, 2016 09:44pm

Europe

France calls Russian ambassador's killing 'despicable'

BOGOTA: French Foreign Minister Jean-Marc Ayrault condemned the "despicable" killing of Russia's ambassador to Turkey on Monday.

Published 19 Dec, 2016 09:34pm

Europe

No indication of further 'dangerous situations' in Berlin: police

BERLIN: Berlin police said Monday there was no indication of other "dangerous situations" in the city after a truck ploughed into a Christmas market, killing at least nine.

Published 19 Dec, 2016 09:29pm

Pakistan Top News

Merkel 'mourns dead' after truck crashes into Xmas market: spokesman

BERLIN: German Chancellor Angela Merkel "mourns the dead" after at least nine people were killed Monday when a truck ploughed through a Christmas market in central Berlin, her spokesman said.

Published 19 Dec, 2016 09:15pm

North America

US-based cleric's movement not involved in Russia envoy killing: Gulen adviser

WASHINGTON: US-based Muslim cleric Fethullah Gulen's movement had no connection to the assassination of Russia's ambassador to Turkey on Monday, and he strongly condemns the killing, according to an official who advises Gulen on media issues.

Published 19 Dec, 2016 09:10pm

Financial

Geopolitical turmoil keeps Wall St in check

NEW YORK: US stocks extended a recent rally on Monday but finished the session short of earlier gains after several people were killed by a truck driven into a Christmas market in Germany.

Published 19 Dec, 2016 09:08pm

North America

US Electoral College poised to confirm Trump win

WASHINGTON: America's Electoral College was poised Monday to make Donald Trump's victory official, despite a last-ditch campaign by Democrats hoping against the odds its members could revolt and keep the Republican billionaire out of the White Hou

Published 19 Dec, 2016 09:06pm

Front Top News

One held over suspected attack at Berlin Xmas market: police

BERLIN: Police have detained one person after a truck crashed into a Christmas market in Berlin, killing at least nine people and injuring many more in what they called a possible "terror attack".

Published 19 Dec, 2016 08:58pm

Europe

Three hurt in shooting at Muslim prayer hall in Zurich: reports

GENEVA: Three people were injured by gunfire in central Zurich on Monday, police said, with local media reporting the incident occurred in a Muslim prayer hall near the city's railway station.

Published 19 Dec, 2016 08:42pm

Industry

Zuckerberg builds software butler for his home

SAN FRANCISCO: Mark Zuckerberg's artificial intelligence-imbued software "butler" -- named Jarvis -- is now in service, and even plays with his family, the Facebook chief said Monday.

Published 19 Dec, 2016 08:39pm

North America

UN-backed $547 million appeal launched for humanitarian needs in Occupied Palestinian Territory

UNITED NATIONS: The United Nations and the State of Palestine Monday jointly launched an appeal seeking $547 million in funding for 2017 to support the humanitarian needs in the Occupied Palestinian Territory.

Published 19 Dec, 2016 08:33pm

General News

Senate body to be briefed about New Islamabad International Airport

ISLAMABAD: Senate Standing Committee on Cabinet Secretariat would be briefed on the progress of development work on New Islamabad International Airport including construction of link roads.

Published 19 Dec, 2016 08:33pm

General News

PTI politicking of protest in parliament after roads: Musadik

ISLAMABAD: Spokesman to Prime Minister Dr Musadik Malik Monday said Pakistan Tehreek-i-Insaf (PTI) was politicking of protest in the parliament after roads.

Published 19 Dec, 2016 08:33pm

Europe

Envoy killing aimed at Russia-Turkey ties, Syria peace efforts: Putin

MOSCOW: President Vladimir Putin on Monday called the killing of Russia's ambassador in Turkey a "provocation" aimed at sabotaging warming ties between Moscow and Ankara and efforts to resolve the conflict in Syria.

Published 19 Dec, 2016 08:32pm

General News

PML-N to continue its efforts for betterment of masses: Dr. Tariq

ISLAMABAD: Minister for Capital Administration and Development Division (CADD) Dr.

Published 19 Dec, 2016 08:31pm

General News

Law & order improved due to govt's efforts: Baligh

ISLAMABAD: Minister of State for Interior and Narcotics Control Baligh-ur-Rehman Monday said the law and order situation had improved significantly across the country due to the government's efforts.

Published 19 Dec, 2016 08:30pm

Industry

Latam Airlines expects 6 to 8pc operating margin in 2017

SANTIAGO: Chile-based Latam Airlines said in a press release on Monday that it expects a 2017 operating margin of between 6 and 8 percent, and a 2016 operating margin of 5.

Published 19 Dec, 2016 08:30pm

Pakistan Top News

Truck ploughs into crowd at Berlin Christmas market, nine dead

BERLIN: A truck ploughed into a crowded Christmas market in the German capital Berlin on Monday evening, killing nine people and injuring up to 50 others, police said.

Published 19 Dec, 2016 08:29pm

Industry

Former Tata Sons chairman Cyrus Mistry resigns from group companies

MUMBAI: Former Tata Sons Chairman Cyrus Mistry said on Monday he was resigning from the boards of all Tata group listed firms but vowed to continue the fight to improve governance within the $100 billion conglomerate.

Published 19 Dec, 2016 08:28pm

General News

Federal Minister Khurram Dastagir meets CM Punjab

LAHORE: Pakistan Muslim League-N senior leader Ghulam Dastagir Khan and Federal Minister for Trade, Eng.

Published 19 Dec, 2016 08:28pm

General News

FCCI to arrange Mehfil-e-Milad on Dec 24

FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) will arrange annual Mehfil-e-Milad on December 24.

Published 19 Dec, 2016 08:27pm

Europe

EU formally extends Russia sanctions

BRUSSELS: The European Union extended economic sanctions against Russia by six months on Monday after completing the legislative process for a decision endorsed last week by national leaders at an EU summit.

Published 19 Dec, 2016 08:26pm

Europe

EU parliament critical of delays to new car emissions rules

BRUSSELS: Several EU countries, including Italy, France and Spain, have delayed the adoption of stricter car emissions' tests, despite evidence that this has allowed pollution to go above legal limits, a draft report by European Parliament said on Mon

Published 19 Dec, 2016 08:26pm

Europe

EU approves Drax's coal power plant switch to biomass

BRUSSELS/LONDON: Britain's largest coal power producer Drax on Monday gained European Commission approval to convert a third power plant unit to biomass from coal, sending shares in the London-listed company to a five-month high.

Published 19 Dec, 2016 08:25pm

World

EBRD says could take stake in Ukraine's PrivatBank after clean-up

LONDON: The European Bank For Reconstruction And Development could take a stake in Ukraine's PrivatBank if the recapitalisation and clean-up of the lender goes well, a senior EBRD official said on Monday.

Published 19 Dec, 2016 08:25pm

Middle East

At least 20 Syrian regime forces killed by IS near Palmyra: monitor

BEIRUT: Attacks by Islamic State group militants on Monday near Palmyra in central Syria killed at least 20 members of the regime's forces, a monitor said.

Published 19 Dec, 2016 08:23pm

Money & Banking

Dispute could sink Italian bank Monte Paschi's rescue plan

MILAN: Italian bank Monte dei Paschi di Siena is trying to resolve differences with a key investor over its 5 billion euro ($5.

Published 19 Dec, 2016 08:23pm

Money & Banking

Deutsche Bank could settle US penalty this week

FRANKFURT/NEW YORK: Deutsche Bank could agree this week to a penalty with the US Department of Justice for allegedly misleading investors when selling mortgage-backed securities, one person with direct knowledge of the matter said on Monday.

Published 19 Dec, 2016 08:22pm

Money & Banking

Chile central bank flags easing, revises down growth, inflation

SANTIAGO: Chile's central bank flagged the possibility of future interest rate cuts and revised downward its forecast for 2017 economic growth and inflation in its highly anticipated quarterly Monetary Policy Report released on Monday.

Published 19 Dec, 2016 08:22pm

Industry

British Airways says it will operate full Christmas schedule despite strike plan

LONDON: British Airways said on Monday it planned to operate a full schedule over Christmas despite a planned strike by cabin crew.

Published 19 Dec, 2016 08:22pm

Europe

Erdogan says Russia envoy murder 'provocation' aimed at damaging ties

ANKARA: Turkish President Recep Tayyip Erdogan on Monday condemned the killing of Russia's ambassador to Ankara as a "provocation" aimed at ruining improving relations.

Published 19 Dec, 2016 08:21pm

Front Top News

Several dead, at least 50 hurt in Berlin Xmas market attack: police

BERLIN: A lorry crashed into a Christmas market in Berlin on Monday, killing several people and injuring at least 50, police spokeswoman told AFP.

Published 19 Dec, 2016 08:20pm

Energy

Brent crude speculators raise bullish holdings to record high

LONDON: Speculators raised their holdings of Brent crude oil futures to a new record high last week, inspired by the first deal in 15 agreed by non-OPEC producers to join output cuts of the Organization of the Petroleum Exporting Countries.

Published 19 Dec, 2016 08:20pm

World

Brazil to challenge Canada at WTO for Bombardier state funding

BRASILIA: Brazil's Foreign Ministry said on Monday that its foreign trade chamber had authorized proceedings at the World Trade Organization (WTO) against Canada for alleged state subsidies for its aerospace industry.

Published 19 Dec, 2016 08:19pm

World

Apple appeals EU tax ruling, says it was a convenient target

BRUSSELS: Apple has launched a legal challenge to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximise the penalty, senior executives said.

Published 19 Dec, 2016 08:18pm

World

Belgium consumer confidence index rises in Dec

BRUSSELS: Belgium's consumer confidence index rose in December as fears of a rise in unemployment subsided and households were slightly more upbeat on their ability to save, the central bank said on Monday.

Published 19 Dec, 2016 08:17pm

Energy

Asia Distillates-Gasoil cash discount narrows on tighter supplies

SINGAPORE: The cash discount on Asia's 500ppm gasoil grade was at its narrowest for this month on Monday at 10 cents a barrel, thanks to tighter global supplies and firmer demand especially in India.

Published 19 Dec, 2016 08:13pm

Europe

UN plans Syria talks for February

GENEVA: The UN's Syria envoy said Monday he has planned peace talks for February in Geneva, as the UN Security Council voted to deploy observers to war-ravaged Aleppo.

Published 19 Dec, 2016 08:04pm

World Top News

Turkey policeman assassinates Russia envoy at art show

ANKARA: A Turkish policeman crying "Aleppo" shot dead Russia's ambassador to Turkey at an art exhibition in Ankara on Monday, in what Moscow branded a "terrorist act" that would be punished.

Published 19 Dec, 2016 08:01pm

General News

JCC meeting on CPEC to be held in Beijing on Dec 28

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal Monday said the meeting of Joint Cooperation Committee (JCC) on China Pakistan Economic Corridor (CPEC) would be held on December 28, in Beijing, China.

Published 19 Dec, 2016 07:57pm

Financial

US stocks edging higher ahead of Yellen speech

NEW YORK: US stocks were trading higher on Monday, as investors awaited US Federal Reserve Chair Janet Yellen's first remarks since the central bank adopted an interest rate hike last week.

Published 19 Dec, 2016 07:55pm

Commodities

CBOT Trends-Soy down 9-10 cts, corn down 1-2 cts, wheat up 1-3 cts

CHICAGO: Following are US trade expectations for the resumption of the grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.

Published 19 Dec, 2016 07:49pm

Financial

C$ weakens against firm greenback as oil dips

TORONTO: The Canadian dollar weakened against its US counterpart on Monday as oil dipped and expectations for further US Federal Reserve interest rate hikes kept the greenback close to its highest in 14 years.

Published 19 Dec, 2016 07:48pm

Financial

GLOBAL MARKETS-Dollar, yields, stocks all cool their jets

LONDON: Stocks, the dollar and bond yields all drifted lower on Monday as investors cashed in on some of their recent bets that the anticipated fiscal boost from the incoming Trump administration will support riskier assets at the expense of bonds.

Published 19 Dec, 2016 07:48pm

World

IMF: nationalising Ukraine's PrivatBank important for stability

KIEV: The International Monetary Fund said on Monday that the Ukrainian authorities' decision to nationalise PrivatBank was an important step in their efforts to safeguard financial stability.

Published 19 Dec, 2016 07:46pm

Europe

IMF urges Croatia to use economic recovery to cut debt

ZAGREB: The International Monetary Fund urged Croatia on Monday to push ahead with fiscal and structural reforms and use its economic recovery to reduce high public debt.

Published 19 Dec, 2016 07:46pm

Commodities

India to produce surplus sugar in 2017/18-industry body

NEW DELHI: India is likely to produce surplus sugar in 2017/18 as farmers have increased cane-growing area, a leading industry body said on Monday.

Published 19 Dec, 2016 07:45pm

Commodities

Jordan makes no purchase in 25,000 T wheat, re-tenders

HAMBURG: Jordan's state grain buyer has made no purchase in an international tender to buy up to 25,000 tonnes of milling wheat which closed on Monday, European traders said.

Published 19 Dec, 2016 07:45pm

Financial

MIDEAST STOCKS-Egypt surges to fresh eight-year high, Gulf markets diverge

DUBAI: Egypt's stock index surged 3.

Published 19 Dec, 2016 07:44pm

Africa

Nigeria's Buhari says recession will ebb in 2017

ABUJA: Nigeria's recession will ease in 2017, President Muhammadu Buhari said on Monday.

Published 19 Dec, 2016 07:43pm

Energy

Oil price eases to $55 per barrel on stronger dollar

LONDON: Oil prices edged down on Monday due to a renewed dollar rally but were still supported at levels of around $55 per barrel on the back of delays in new Libyan oil exports and expectations of tighter supplies going into 2017.

Published 19 Dec, 2016 07:42pm

Energy

OPEC convinces hedge fund managers but must now deliver promised cuts: Kemp

LONDON: Hedge funds have amassed a record bullish position in crude oil in anticipation OPEC and non-OPEC oil producers will succeed in rebalancing the market and reducing excess stocks next year.

Published 19 Dec, 2016 07:41pm

Financial

Pound slips to one-month low amid Brexit transition uncertainty

LONDON: Britain's pound slipped by as much as one percent to a one-month low against the dollar on Monday, adding to two straight weeks of losses, amid uncertainty over how the country will help businesses manage its exit from the European Union.

Published 19 Dec, 2016 07:41pm

Managed Funds

Romania sells less 5-month T-bills than planned

BUCHAREST: Romania sold a less than planned 356 million lei ($82.

Published 19 Dec, 2016 07:40pm

World

Russia retail sales down 4.1pc y/y in Nov; down 0.9pc m/m

MOSCOW: Russian retail sales fell 4.

Published 19 Dec, 2016 07:26pm

Commodities

Russian wheat prices stable as strong rouble offsets rising demand

MOSCOW: Russian wheat prices were broadly stable last week as strong demand from major customers including Egypt and India was offset by a strengthening of the rouble against the dollar, analysts said on Monday.

Published 19 Dec, 2016 07:25pm

Football

Soccer-Ronaldo signs off perfect year in style

MADRID: Cristiano Ronaldo signed off his stellar 2016 in style on Sunday, scoring a hat-trick to lift Real Madrid to Club World Cup glory and underline his status as the world's best player.

Published 19 Dec, 2016 07:25pm

Financial

Sri Lankan rupee closes lower on importer dollar demand

COLOMBO: The Sri Lankan rupee closed weaker on Monday on importer dollar demand, as the market braced for declines in the local currency with the central bank raising the spot reference rate following a hike in US interest rates, dealers said.

Published 19 Dec, 2016 07:24pm

Commodities

Sugar consolidates but surplus forecasts weigh

LONDON: Raw sugar futures edged up on Monday, consolidating ahead of the holiday season, despite an outlook which remained bearish on strong supply.

Published 19 Dec, 2016 07:22pm

Middle East

Thousands evacuated from Aleppo after deal over besieged villages

BEIRUT: Thousands were evacuated from the last rebel-held enclave of the Aleppo on Monday after a deal was reached to allow people to leave two besieged pro-government villages in nearby Idlib province.

Published 19 Dec, 2016 07:21pm

Financial

Yields ease on short covering, before holidays

NEW YORK: US Treasury yields eased from multi-year highs on Monday as investors evaluated how many times the US Federal Reserve is likely to raise interest rates next year and covered some short positions ahead of year-end.

Published 19 Dec, 2016 07:20pm

Europe

Trump governance carries Chinese characteristics

LONDON: Donald Trump is bringing Chinese characteristics to American governance.

Published 19 Dec, 2016 07:19pm

Financial

'Trumpflation' trade keeps dollar near 14-year highs

LONDON: The dollar steadied close to its highest levels in 14 years on Monday, underpinned by expectations that a fiscal expansion planned by US President-elect Donald Trump will boost inflation and lead to a faster pace of interest rates hikes.

Published 19 Dec, 2016 07:17pm

Financial

TSX edges higher as financials, materials gain

TORONTO: Canada's main stock index edged higher on Monday, with gains for the materials and financials groups offsetting losses for energy shares as oil prices dipped.

Published 19 Dec, 2016 07:17pm

Financial

Ugandan shilling stable on inflows from charities, commodity exporters

KAMPALA: The Ugandan shilling was stable on Monday, helped by hard currency inflows from non-governmental organisations and commodity exporters.

Published 19 Dec, 2016 07:16pm

Money & Banking

Ukraine central bank: banks behaving normally after PrivatBank takeover

KIEV: Ukrainian Deputy Central Bank Governor Yakiv Smolii said on Monday that he did not see higher-than-usual activity by clients of PrivatBank, adding that business was normal in the wider banking system.

Published 19 Dec, 2016 07:14pm

Europe

UK's May slams strike wave as showing contempt for ordinary people

LONDON: Prime Minister Theresa May criticised a wave of strikes sweeping Britain as unacceptable action that showed "contempt" for ordinary people in the run-up to Christmas.

Published 19 Dec, 2016 07:11pm

North America

UN Security Council calls for UN monitoring of Aleppo evacuations

UNITED NATIONS: The United Nations Security Council on Monday unanimously called for UN officials and others to be able to monitor evacuations from eastern Aleppo and the safety of civilians who remain in the Syrian city.

Published 19 Dec, 2016 07:09pm

Financial

Wall St opens little changed; Yellen in focus

NEW YORK: US stocks opened little changed on Monday as investors awaited a speech by Federal Reserve Chair Janet Yellen, less than a week after the Fed raised interest rates for only the second time since the financial crisis.

Published 19 Dec, 2016 07:09pm

Commodities

Wheat prices firm as US crops face deep freeze

PARIS/SYDNEY: US wheat was slightly higher on Monday as a severe cold spell raised the threat of crop damage in some key US growing belts.

Published 19 Dec, 2016 07:08pm

Financial

Britain's FTSE nudges higher though banks, Ashtead slide

LONDON: Britain's top share index edged higher on Monday though falls among mining companies and banks capped gains, while Ashtead Group was hit by a broker downgrade.

Published 19 Dec, 2016 07:03pm

Industry

GM says will shut 5 US plants in January to adjust supply

DETROIT: General Motors Co will shut five US auto assembly plants for varying durations in January, primarily to cut oversupply of sedans which have fallen out of favor among US consumers.

Published 19 Dec, 2016 07:01pm

World

Earthquake along Ecuador's coast kills 1, destroys hotels

QUITO: A 5.

Published 19 Dec, 2016 06:59pm

Financial

European shares retreat from 11-month highs as Monte Paschi slumps

LONDON: European shares retreated from 11-month highs on Monday with Italy's Monte dei Paschi leading banks lower on worries over a cash call, and Danone hit after the world's biggest yoghurt maker warned about sales growth.

Published 19 Dec, 2016 06:58pm

North America

United Nations condemns killing of Russian ambassador to Turkey

UNITED NATIONS: The United Nations condemned an attack on the Russian ambassador to Ankara, who was shot and killed in an attack at an art gallery in the Turkish capital on Monday.

Published 19 Dec, 2016 06:54pm

Industry

Workers at BHP Billiton's Escondida begin wage negotiations

SANTIAGO: The largest union at BHP Billiton-owned Escondida, the world's biggest copper mine, said on Monday it had sent the company its proposal for a new collective contract, effectively beginning formal wage negotiations.

Published 19 Dec, 2016 06:53pm

Front Top News

Turkey's Erdogan briefs Putin on shooting of Russian ambassador - Turkish official

ISTANBUL: Turkish President Tayyip Erdogan spoke by phone with Russian President Vladimir Putin on Monday to share information about the shooting of Moscow's ambassador to Ankara, a Turkish official said.

Published 19 Dec, 2016 06:50pm

Energy

Europe Gasoline/Naphtha-Gasoline margins edge off two-week lows

LONDON: Gasoline refining margins edged up from two-week lows on Monday, aided by a softer crude price and a pickup in exports.

Published 19 Dec, 2016 06:50pm

Europe

Cuba slashes internet costs

HAVANA: Cuba cut the price of internet access by 25 percent Monday, but getting online still costs more than a day's wages for the average worker in one of the world's least connected countries.

Published 19 Dec, 2016 06:49pm

Industry

Vivendi says decides to increase stake in Mediaset up to 30pc

PARIS: France's Vivendi said on Monday that it decided to increase its stake in Mediaset within the limits of 30 percent of its share capital and voting rights.

Published 19 Dec, 2016 06:48pm

North America

Climate report says 2016 on pace to be hottest year yet

MIAMI: A monthly global climate report by US government scientists Monday offered more evidence that 2016 is likely to be the warmest year in modern times, as sea ice at both poles hit record lows.

Published 19 Dec, 2016 06:47pm

Commodities

Soy, corn weaken on Argentine rains, technicals

CHICAGO: US soybean, corn and wheat futures eased on Monday, weighed down by technical selling and expectations for more crop-friendly rainfall in Argentina.

Published 19 Dec, 2016 06:47pm

Financial

Yen jumps as Russian ambassador to Turkey dies in attack

NEW YORK: The yen jumped on Monday on safe-haven bids after the Russian ambassador to Turkey was shot to death in the Turkish capital, adding to buying of the Japanese currency to book profits on dollar's recent gains.

Published 19 Dec, 2016 06:45pm

Financial

Stocks retrench going into festive wind-down

LONDON: European stocks were little changed Monday as investors pulled back after a strong run since the election of Donald Trump, with trading subdued heading into the festive period.

Published 19 Dec, 2016 06:43pm

Europe

NATO and Russia talk, but remain divided on Ukraine

BRUSSELS: NATO and Russia held more than three hours of talks on Monday, discussing ways to reduce military accidents but also underscoring their deep disagreement on the conflict in Ukraine.

Published 19 Dec, 2016 06:43pm

North America

China to hand back US probe within 24 hours: US official

WASHINGTON: The Chinese military is expected to return a seized underwater probe to the US Navy in the South China Sea on Tuesday, a US defense official said.

Published 19 Dec, 2016 06:43pm

World

Apple appeals landmark EU tax ruling

BRUSSELS: Apple on Monday launched a legal challenge against a landmark EU decision that the tech giant pay billions in back-taxes to Ireland, claiming the EU has ignored the law.

Published 19 Dec, 2016 06:42pm

Energy

North Sea Crude-Forties bid near three-month highs, more VLCCs booked for Asia

LONDON: North Sea crude differentials rose on Monday, as a lingering surplus of barrels appeared to be gradually dissipating and as BP bid Forties up to near three-month highs.

Published 19 Dec, 2016 06:39pm

Commodities

European feeds-Good U.S exports push soymeal higher

ROTTERDAM: Soymeal offers on the European meals and feeds market were firmer on Monday on the back of good US export demand that pushed CBOT soymeal futures up at the close on Friday.

Published 19 Dec, 2016 06:38pm

Industry

VW settles Canada drivers' class action over emissions

OTTAWA: Canadian drivers of Volkswagen vehicles whose diesel engines were equipped with devices to cheat emissions tests will share up to Can$2.

Published 19 Dec, 2016 06:37pm

Money & Banking

Fed's Yellen trumpets education in changing economy

WASHINGTON: Changing technologies and globalization have put a premium on completing a college education in order to get and keep higher-paying jobs, Federal Reserve Chair Janet Yellen said on Monday.

Published 19 Dec, 2016 06:37pm

World Top News

US condemns attack on Russia's Ankara envoy

WASHINGTON: The United States moved quickly on Monday to condemn a gun attack in Ankara that left the Russian ambassador to Turkey severely wounded.

Published 19 Dec, 2016 06:36pm

Europe

Killer of Russian envoy was Turkish policeman: Ankara mayor

ANKARA: The man who shot dead the Russian ambassador to Ankara on Monday has been identified as a Turkish policeman, the city's mayor said.

Published 19 Dec, 2016 06:36pm

Front Top News

Russian ambassador shot dead in Turkey attack

ISTANBUL: A Turkish policeman crying "Aleppo" and "revenge" shot dead Russia's ambassador to Turkey at an art exhibition in Ankara on Monday, in what Moscow said was a "terrorist act".

Published 19 Dec, 2016 06:34pm

Front Top News

Turkey's Erdogan briefs Putin on shooting of Russian ambassador

ISTANBUL: Turkish President Tayyip Erdogan spoke by phone with Russian President Vladimir Putin on Monday to share information about the shooting of Moscow's ambassador to Ankara, a Turkish official said.

Published 19 Dec, 2016 06:33pm

Pakistan Top News

Russia says Ankara envoy killed in 'terrorist' act

MOSCOW: The Russian ambassador to Ankara died Monday after being shot in the Turkish capital, the foreign ministry in Moscow said, describing the incident as a "terrorist act".

Published 19 Dec, 2016 06:02pm

Financial

US stocks open mostly flat ahead of Yellen speech

NEW YORK: US stocks opened mostly flat Monday, clinging to post-election gains, as investors await US Federal Reserve Chair Janet Yellen's speech later in the day on the jobs market.

Published 19 Dec, 2016 03:47pm

Europe

IMF board set to meet shortly on Lagarde verdict

WASHINGTON: The International Monetary Fund board is expected to meet shortly to discuss the implications of the surprise guilty verdict against IMF chief Christine Lagarde on Monday in a French court.

Published 19 Dec, 2016 03:46pm

Front Top News

IMF's Lagarde guilty, but not punished, in French negligence trial

PARIS: French judges found IMF chief Christine Lagarde guilty of negligence on Monday for failing to challenge a state arbitration payout to a business tycoon in 2008 when she was French finance minister, but they did not punish her.

Published 19 Dec, 2016 03:46pm

Business & Economy

National economy moving in right direction

LAHORE: Economy Experts on Monday said that Pakistan would be among the developed countries of the world as its economic indicators are satisfactory.

Published 19 Dec, 2016 03:37pm

General News

Govt taking steps to transform Pakistan into real Islamic state as per Quaid's vision: Marriyum

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Monday said the government under the leadership of Prime Minister Muhammad Nawaz Sharif was taking steps to transform Pakistan into a real Islamic welfa

Published 19 Dec, 2016 03:22pm

Arts

Pak-China FM98 Dosti Channel launched

ISLAMABAD: Pakistan Broadcasting Corporation (PBC) and China Radio International (CRI) on Monday launched local transmission of FM98 Dosti Channel in a colourful ceremony here at Pakistan National Council of the Arts (PNCA).

Published 19 Dec, 2016 03:19pm

General News

Dongfeng was awarded contract during PPP tenure

ISLAMABAD: Minister for Water and Power Khawaja Muhammad Asif told the National Assembly on Monday that the contract for Nandipur power project was awarded to Dongfeng company during the tenure of Pakistan Peoples Party (PPP).

Published 19 Dec, 2016 03:16pm

General News

No room for sit-ins, politics of agitation in country: Ahsan

ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal has said there wis no room for sit-ins and politics of chaos in the country.

Published 19 Dec, 2016 03:14pm

General News

Bhola's further remand in police custody granted

KARACHI: An Anti-terrorism Court (ATC) handed over alleged frontman of Baldia fire incident Abdul Rehman alias Bhola to police custody by granting further extension of remand by December 29.

Published 19 Dec, 2016 03:09pm

Industries & Sectors

SECP registered 621 companies in November

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) registered 621 new companies during the month of November 2016, an increase of 23 percent as compared to the corresponding month of preceding year.

Published 19 Dec, 2016 03:06pm

Pakistan Top News

Pak-China economic ties witnessing strength with implementation of CPEC: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday said China Pakistan Economic Corridor (CPEC) and its related projects symbolized the people-centric approach of the two countries.

Published 19 Dec, 2016 02:42pm

Industries & Sectors

147 MW Patrind Hydro Power project to be completed soon

MIRPUR: The under construction 147 Mega Watt (MW) Patrind Hydro Power Project would start functioning in future.

Published 19 Dec, 2016 02:38pm

Pakistan

Senate passes resolutions, four bills referred to committees

ISLAMABAD: The Upper House of the Parliament Monday passed a resolution for empowering the Senate to pass the Money Bill, including the Finance Bill.

Published 19 Dec, 2016 02:27pm

Business & Economy

Bullion Prices on Monday

KARACHI: Following were the Bullion Prices in Karachi and Multan on Monday.

Published 19 Dec, 2016 02:20pm

General News

References, hearing regarding Dr Asim adjourned

KARACHI: The Accountability Court Monday adjourned the hearing of alleged Rs 462 billion and Rs 17 billion corruption references here.

Published 19 Dec, 2016 02:19pm

General News

Muqam reviews progress on PM's announcements for Swat

PESHAWAR: Advisor to Prime Minister Amir Muqam on Monday chaired a high level meeting and reviewed progress on the announcements of development projects made by Prime Minister Muhammad Nawaz Sharif on May 20 during his visit to Swat.

Published 19 Dec, 2016 02:17pm

Financial

Pound slips further on uncertainty over Brexit transition

LONDON: Britain's pound slipped half a percent against the dollar on Monday, adding to two straight weeks of losses, amid uncertainty around how Britain will help businesses manage the exit from the European Union.

Published 19 Dec, 2016 02:14pm

Front Top News

Govt under pressure over Interior Minister's meetings with militants

%D%AISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) on Monday sought an emergency session of parliament after a senior judge slammed the country's top law enforcement official for holding meetings with leaders of banned militant groups.

Published 19 Dec, 2016 02:11pm

Commodities

Sugar consolidates but surplus forecasts weigh

LONDON: Raw sugar futures edged up on Monday, consolidating ahead of the holiday season, despite an outlook which remained bearish on strong supply.

Published 19 Dec, 2016 02:11pm

Financial

Dollar, yields, stocks all cool their jets

LONDON: Stocks, the dollar and bond yields all drifted lower on Monday as investors cashed in on some of their recent bets that the anticipated fiscal boost from the incoming Trump administration will support riskier assets at the expense of bonds.

Published 19 Dec, 2016 02:10pm

Industry

AstraZeneca oncology head jumps ship to become Innate CEO

LONDON: AstraZeneca is losing its head of oncology, Mondher Mahjoubi, who is departing to lead French biotech company Innate Pharma.

Published 19 Dec, 2016 02:07pm

Commodities

Wheat prices firm as US crops face deep freeze

PARIS/SYDNEY: US wheat was slightly higher on Monday as a severe cold spell raised the threat of crop damage in some key US growing belts.

Published 19 Dec, 2016 02:03pm

Financial

Sri Lankan shares fall for 5th session; deal reversal order weighs

COLOMBO: Sri Lankan shares fell for a fifth straight session on Monday to close at their lowest in nearly three weeks, led by large caps, as an order to reverse a share transaction weighed on sentiment despite foreign inflows.

Published 19 Dec, 2016 02:03pm

Money & Banking

Ukrainian bank clean-up comes at a cost

LONDON: Ukraine's bank clean-up comes at a cost.

Published 19 Dec, 2016 02:01pm

Commodities

Copper slips to 4-week low as inventories swell

LONDON: Copper fell to a four-week low on Monday as inventories of the metal posted their biggest one-day rise in 15 years as demand quietened into year-end, while lead and zinc slid on bets their earlier gains had become overstretched.

Published 19 Dec, 2016 01:57pm

Commodities

Gold up on dollar retreat, tighter US policy caps gains

LONDON: Gold edged slightly higher as global equities and the dollar drifted lower on Monday, although expectations of tighter US monetary policy kept a lid on its gains.

Published 19 Dec, 2016 01:50pm

Energy

Russia's Gazprom sees 2016 exports at 180bn cubic metres

MOSCOW: Russian state gas company Gazprom will export 180 billion cubic metres of gas to countries outside the former Soviet Union in 2016, its chief executive Alexei Miller said on Monday.

Published 19 Dec, 2016 01:50pm

Industries & Sectors

CET power line set to energize Pakistan's Sindh province

KARACHI: China Electric Power Equipment and Technology Co Ltd or CET, a subsidiary of State Grid Corp of China, said it will participate in the largest direct-current high-voltage transmission project along the China Pakistan Economic Corridor.

Published 19 Dec, 2016 01:10pm

Industries & Sectors

China to set up large steel factory at Gwadar

ISLAMABAD: Acting Chinese Ambassador to Pakistan, Zhao Lijian Monday said that his country would set up a large steel factory at Gwadar to further expedite economic developments being carried out under China-Pakistan Economic Corridor (CPEC) framework.

Published 19 Dec, 2016 01:10pm

Industries & Sectors

Special facilitation centre set up for local and foreign investors

ISLAMABAD: The Pakistan Furniture Council (PFC) has set up a Special Facilitation Center to provide all the necessary information to potential local and foreign investors to boost local furniture industry globally.

Published 19 Dec, 2016 01:04pm

General News

Over Rs78mn development funds for Commerce Division projects

ISLAMABAD: The government has released Rs 78.

Published 19 Dec, 2016 01:01pm

General News

Moscow's growing ties with Pakistan giving 'sleepless nights' to India

ISLAMABAD: The Russian interest in linking its Eurasian Economic Union project with the China-Pakistan Economic Corridor (CPEC) was giving "sleepless nights to Indian policy makers" who have sought to isolate Islamabad on the issue of terrorism.

Published 19 Dec, 2016 01:00pm

Cricket

Cricket greats shower praises on Asad Shafiq for gutsy ton

Pakistans middle-order batsman Asad Shafiq has been headlining the cricketing world after his breathtaking inning of 137 against the mighty Aussies, taking Pakistan right to the doorstep of what could have been one of the greatest victory in Test history.

Published 19 Dec, 2016 12:51pm

Arts

Renowned Pashto singer Mashooq Sultan dies

PESHAWAR: Famous Pashto folk singer Mashooq Sultan died here on Monday.

Published 19 Dec, 2016 12:49pm

Front Top News

Thousands evacuated from Aleppo as UN eyes observers

ALEPPO: Several thousand people left the rebel enclave of Aleppo on Monday, raising hope for many others still stranded as Russia eased its objections to sending UN observers to oversee the evacuations.

Published 19 Dec, 2016 12:47pm

General News

Senate body for conducting mobile phone services surveys in FATA, Bajaur, Khyber agencies

ISLAMABAD: Sub-Committee of Senate Standing Committee on Information Technology and Telecommunication Monday expressed serious concern over delay in conducting surveys for mobile phone services in FATA, Bajour and Khyber agencies.

Published 19 Dec, 2016 12:39pm

General News

Anti polio campaign starts in KP, 5.649mn kids to be vaccinated: EOC

PESHAWAR: A three days National Immunization Campaign (NID) has been started across Khyber Pakthunkhwa on Monday wherein 5.

Published 19 Dec, 2016 12:38pm

Business & Economy

No decision taken to purchase seed from any private company

MULTAN: Agriculture spokesman said on Monday that provincial government has not decided to purchase seed from any private company and there was no truth in reports published in some sections of press in this connection.

Published 19 Dec, 2016 12:38pm

General News

ANP completes arrangements to mark 4th death anniversary of Bashir Bilour

PESHAWAR: The Awami National Party (ANP) has completed all arrangements to observe the fourth death anniversary of slain leader Bashir Ahmed Bilour on December 22, 2016.

Published 19 Dec, 2016 12:35pm

Europe

Turkey denies secret 'Syria bargain' with Russia

ISTANBUL: Turkey on Monday denied it had forged any secret "bargain" with Russia over the future of Syria ahead of a key ministerial meeting including Iran, despite improving cooperation that led to a deal for evacuations from war-wrecked Aleppo.

Published 19 Dec, 2016 12:35pm

World

Strong quakes rattle coastal Ecuador

QUITO: Several strong earthquakes rattled Ecuador's northwestern coast in the pre-dawn hours of Monday, leaving some areas without power but with no reports of casualties.

Published 19 Dec, 2016 12:30pm

Europe

OIC chief condemns terrorist attack targeting military personnel in Turkey

JEDDAH: Secretary General of the Organization of Islamic Cooperation (OIC) Dr.

Published 19 Dec, 2016 12:28pm

General News

Rabbani for further enhancing Pak-Egypt economic, political collaboration

ISLAMABAD: Chairman Senate Mian Raza Rabbani Monday said Pakistan attached the highest importance to its historic relations with Egypt and was looking forward to further enhance the economic and political collaboration through increased parliamentary link

Published 19 Dec, 2016 12:19pm

Industries & Sectors

OGDCL completes installation of processing plant at KPD field

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has completed installation of a processing plant at its Kunnar Pasakhi Deep (KPD) gas field in Sindh province, which was in pending for last 10 years.

Published 19 Dec, 2016 12:19pm

Pakistan Top News

UAE invests $6bn, vows more investment in Pakistan

KARACHI: United Arab Emirates' (UAE) Minister for Culture, Youth Affaris and Social Development, Sheikh Nahyan bin Mubarak Al Nahyan on Monday said that his group of companies' investment in Pakistan is dollars six billion and more investment will

Published 19 Dec, 2016 12:13pm

Business & Economy

Shipping activity at Port Qasim

KARACHI: Shipping Activity brisk shipping was recorded at the Port where seven ships C.

Published 19 Dec, 2016 11:59am

Pakistan

Chandio greets newly elected body of ACP

KARACHI: Advisor to Chief Minister Sindh on Information Moula Bux Chandio extended heartiest congratulations to newly elected president, general secretary and other office bearers of the Arts Council of Pakistan.

Published 19 Dec, 2016 11:58am

Industries & Sectors

KCCI questions peak hour charges by K-E

KARACHI: President, Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo has urged K-Electric to avoid charging peak hour rate all day and implement the concept of time of use (ToU) across-the-board.

Published 19 Dec, 2016 11:56am

Cricket

Pakistan fightback costs Aussie skipper all his fingernails

Australian skipper Steve Smith was relieved after his side just managed to cling on to the Gabba Test, after a mammoth batting display from Pakistan on the fifth day of the first Test match.

Published 19 Dec, 2016 11:42am

Technology

Pursuit of Beauty, OPPO unveils 'Classic Black F1s Selfie Expert' in collaboration with HSY

Karachi: Global No.

Published 19 Dec, 2016 11:41am

Life & Style

Kangana Ranauts another shocking statement stuns everyone

Bollywood rebellion Kangana Ranaut has been known for making bold statements on every issue.

Published 19 Dec, 2016 11:27am

Front Top News

Mysterious Chikungunya disease spreads fear in Karachi

KARACHI: The Sindh capital has become yet another victim of an unforeseen disease, which has been spreading across the metropolis like wildfire, affecting thousands of its dwellers.

Published 19 Dec, 2016 11:22am

Front Top News

Zardari to return to Pakistan on December 23: Bilawal

RECORDER REPORT%D%AKarachi: Chairman, Pakistan People's Party (PPP), Bilawal Bhutto Zardari, on Sunday announced that PPP Co-Chairman Asif Ali Zardari would reach Karachi on December 23, 2016.

Published 19 Dec, 2016 11:10am

Pakistan Top News

PM for identifying sites for industrial zones along CPEC

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday directed setting up of industrial zones at sites that were economically feasible for maximum economic returns and benefits both for China and Pakistan.

Published 19 Dec, 2016 11:04am

Markets

Market rates of bullion in Multan

MULTAN: Following are the bullion %D%Arates received from local markets on Monday, 2016.

Published 19 Dec, 2016 10:59am

General News

PM to visit Bosnia on Dec 20-22

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif is undertaking an official visit to Bosnia and Herzegovina on December 20-22 at the invitation of Chairman of the Council of Ministers (Prime Minister), Dr.

Published 19 Dec, 2016 10:58am

General News

PIA to operate 6 ATR flights today

KARACHI: The Pakistan International Airlines (PIA) is operating six ATR flights on Monday.

Published 19 Dec, 2016 10:57am

Pakistan Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Monday having 46938.

Published 19 Dec, 2016 10:52am

Front Top News

Imran takes a jibe at PM Nawaz over engaging PIA plane for Bosnia trip

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Monday strongly criticized Prime Minister Nawaz Sharif for engaging up a Pakistan International Airlines (PIA) aircraft for his visit to Bosnia.

Published 19 Dec, 2016 10:38am

Business & Economy

$21bn energy plan a centrepiece of Nawazs economic aspiration: WSJ

ISLAMABAD: Prime Minister Nawaz Sharif is heading to revive the country's economy with a $21 billion electricity plan, which is a centerpiece of his economic aspiration.

Published 19 Dec, 2016 10:24am

Pakistan

Technical training helpful in utilizing potential of youth: President

ISLAMABAD: President Mamnoon Hussain Monday said acquisition of technical training was necessary for youth to enable them earn livelihood, end their despondency and promote positive thinking.

Published 19 Dec, 2016 10:21am

Front Top News

Our power generation plans go beyond ending load shedding: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Monday said end of power shortages was essential for realizing the huge economic potential of the country.

Published 19 Dec, 2016 10:20am

Cricket

Waqar believes Salman Butt deserves another go

ISLAMABAD: Legendary pacer and former coach Waqar Younis believes former Salman Butt should be brought back into the national side on the back of a good domestic season.

Published 19 Dec, 2016 10:20am

Cricket

Waqar believes Salman Butt deserves another go

ISLAMABAD: Legendary pacer and former coach Waqar Younis believes former Salman Butt should be brought back into the national side on the back of a good domestic season.

Published 19 Dec, 2016 10:19am

Cricket

Test win too close for comfort: Smith

BRISBANE: Captain Steve Smith admitted Pakistan got too close for comfort to an incredible record-breaking victory before Australia finally wrapped up the first Test at the Gabba on Monday.

Published 19 Dec, 2016 10:07am

Financial

Hong Kong stocks end lower

HONG KONG: Hong Kong shares fell again Monday, extending a sell-off to three successive days as investors tracked a negative lead from Wall Street.

Published 19 Dec, 2016 10:05am

Cricket

India 582-5 at tea in fifth England Test

CHENNAI: Karun Nair hit an unbeaten 195 as India reached 582 for five at tea on day four of the fifth and final Test against England in Chennai on Monday.

Published 19 Dec, 2016 10:04am

Featured Photos

NYC Newsstands: Urban Photo Series by Nei Valente

Photo Credit : Nei Valente%D%ANei Valente is a 27 year old Brazilian designer and street photographer and is currently living in NYC and working at Brand Union.

Published 19 Dec, 2016 10:01am

World

German businesses in year-end confidence boost

FRANKFURT AM MAIN: German businesses rounded off 2016 with a stronger-than-forecast increase in confidence, a closely-followed survey showed Monday, despite fears for the future over Brexit and Donald Trump.

Published 19 Dec, 2016 10:00am

Featured Photos

Stunning Double Exposure Photography by Nevess

Photo Credit : Alexis aka Nevess%Dlexis aka Nevess is a talented 18-year-old digital artist based in Paris, France.

Published 19 Dec, 2016 09:54am

Featured Photos

Stephen Voss Captures The True Beauty of Bonsai Trees

Photo Credit : Stephen Voss%D%A%D%AStephen Voss is an professional photographer based in Washington, DC who takes memorable photographs for magazines, newspapers and organizations around the world.

Published 19 Dec, 2016 09:50am

Industry

Iran reaches 100-jet deal with Airbus, sees first delivery in Jan

PARIS: Iran has finalised an agreement with Airbus to acquire 100 jetliners, the first of which is tentatively expected to be delivered in mid-January, a senior official said on Monday.

Published 19 Dec, 2016 09:42am

Cricket

Meet Pakistan's first Sikh cricketer

Despite all the controversies surrounding the game including deprivation of international shows at home and confrontations with rival cricketing boards, cricket remains the most loved sport in Pakistan.

Published 19 Dec, 2016 09:41am

Financial

China stocks fall after Beijing's neutral policy signal

SHANGHAI: China stocks slipped on Monday, led by blue-chips, as hopes for fresh monetary stimulus dimmed after Beijing vowed to contain asset bubbles next year by keeping monetary policy "prudent and neutral".

Published 19 Dec, 2016 09:28am

Financial

Russian rouble rises on higher oil price, weaker dollar

MOSCOW: The Russian rouble strengthened early on Monday, lifted by higher oil prices and a weaker U.

Published 19 Dec, 2016 09:28am

Asia

India indicts JeM militants over Pathankot attack

NEW DELHI: India's top counter-terrorism agency on Monday charged militant group Jaish-e-Mohammed (JeM), and its top leader, with perpetrating a deadly attack on an Indian air force base in January.

Published 19 Dec, 2016 09:25am

Featured Photos

Beautiful Mountain Landscape Photography by Marco Bni

Photo Credit : Marco Bni%D%AMarco Bni is a talented young photographer, alpinist and adventurer based in Landquart, Switzerland.

Published 19 Dec, 2016 09:23am

Featured Photos

Intergalactic Wedding Photography by Neringa Rekasiute

Photo Credit : Neringa Rekasiute%D%ANeringa Rekasiute is a talented Lithuanian photographer, feminist and social activist, who currently based between Vilnius, Lithuania and London, UK.

Published 19 Dec, 2016 09:18am

Featured Photos

Departing eagle ray by Nick Robertson-Brown

Photo Credit : Nick Robertson-Brown%D%AThe Entry is from The Royal Society Publishing Photography Competition 2016 and were received from the categories of Behaviour, Ecology and Environmental Science, Evolutionary Biology and Micro-imaging, and the compe

Published 19 Dec, 2016 09:13am

Life & Style

Miss Puerto Rico crowned Miss World 2016

WASHINGTON: Puerto Rico's Stephanie Del Valle was crowned Miss World 2016 on Sunday, winning the top prize in the 66th edition of the pageant held this year in the United States.

Published 19 Dec, 2016 09:12am

Money & Banking

India central bank tightens cash deposit rules just days before deadline

MUMBAI: India's central bank tightened cash deposit rules on Monday, just days before the demonetisation deadline, saying individuals can bank over 5,000 rupees ($73.

Published 19 Dec, 2016 09:07am

Financial

Qatar rises after budget, SABIC drags down Saudi index

DUBAI: Qatar's stock market climbed in early trade on Monday after the finance ministry published the 2017 state budget, while large-cap shares weighed on other regional markets.

Published 19 Dec, 2016 09:05am

Financial

Sri Lankan rupee edges down on mild importer dollar demand

COLOMBO: The Sri Lankan rupee slipped on Monday on mild importer dollar demand, as the market braced for declines in the local currency with the central bank raising the spot reference rate following a hike in U.

Published 19 Dec, 2016 08:56am

Financial

Dollar dips as investors lighten positions into year-end

LONDON: The dollar dipped on Monday, pulling away from 14-year highs hit last week on expectations of a faster pace of U.

Published 19 Dec, 2016 08:55am

Commodities

Thailand exports 9.3mntrn of rice Jan to mid-Dec 2016

BANGKOK: Thailand has exported 9.

Published 19 Dec, 2016 08:54am

Financial

JGBs stabilise, but super-long bonds slip after rally last week

TOKYO: The price of Japanese government bonds of up to 10 years to maturity held firm on Monday as seemingly-relentless rises in U.

Published 19 Dec, 2016 08:52am

Life & Style

PIA seeks divine intervention for safer flight

Pakistans government owned entity PIA took an unusual step to ensure a safer flight for its passengers.

Published 19 Dec, 2016 08:49am

Featured Photos

Nick Steinberg Captures Breathtaking Landscapes of Foggy San Franciscos Climate

Photo Credit : Nicholas Steinberg%D%ANicholas Steinberg is an award winning landscape photographer from California, who is obsessed with the San Francisco fog waves.

Published 19 Dec, 2016 08:49am

Featured Photos

Beautiful Travel and Adventure Photography by Reid Valmestad

Photo Credit : Reid Valmestad %D%AReid Valmestad is a talented self-taught photographer and adventurer, who has travelled across five continents capturing stunning nature and urban landscapes.

Published 19 Dec, 2016 08:43am

General News

Air chief calls on PM

ISLAMABAD: Chief of the Air Staff Air Chief Marshal Sohail Aman called on Prime Minister Muhammad Nawaz Sharif At PM House here on Monday.

Published 19 Dec, 2016 08:37am

Cricket

Records shattered by Pakistan at gracious Gabba

Pakistan as expected was defeated by the Australians in the first Test match at the Gabba, Brisbane.

Published 19 Dec, 2016 08:18am

Cricket

Australia unchanged for second Pakistan Test

BRISBANE: Australia named an unchanged 12-man squad Monday for the Boxing Day Test after their Gabba fright against Pakistan.

Published 19 Dec, 2016 08:06am

Cricket

Nair century helps India close in on England

CHENNAI: Karun Nair notched his maiden Test century Monday as India looked poised to take a first innings lead on day four of the fifth Test against England in Chennai.

Published 19 Dec, 2016 08:05am

Cricket

India 463-5 at lunch in fifth England Test

CHENNAI: Karun Nair smashed his first ever century as India reached 463 for five at lunch on the fourth day of the fifth and final Test against England in Chennai on Monday.

Published 19 Dec, 2016 08:01am

Life & Style

Pakistani cinemas lift ban on Bollywood movies; a smart move at a right time?

Cinemas in Pakistan will start screening Indian movies from December 19.

Published 19 Dec, 2016 07:58am

Football

'Spectacular' year for Cristiano, says Ronaldo

YOKOHAMA: Cristiano Ronaldo said he had answered his critics in style as he rounded off a "spectacular" year with a hat-trick to win the Club World Cup for Real Madrid and add to his multitude of titles.

Published 19 Dec, 2016 07:57am

Financial

Tokyo stocks snap nine-day winning streak, Nintendo tumbles

TOKYO: Tokyo's benchmark index on Monday snapped a nine-day winning streak as the yen's uptick hit exporters while Nintendo tumbled seven percent with investors underwhelmed by its latest mobile game.

Published 19 Dec, 2016 07:55am

World Top News

Trump tweets on China 'more dangerous than funny': media

BEIJING: Chinese state media said Monday US President-elect Donald Trump's diplomatic inexperience could spark a confrontation between the two nations, while one newspaper termed him unfit to lead a superpower.

Published 19 Dec, 2016 07:55am

World Top News

1,000 leave rebel Aleppo in new evacuation: medic

BEIRUT: More than 1,000 people were evacuated from the last rebel-held pocket of Syria's Aleppo early on Monday after hours of delay, a medical official told AFP.

Published 19 Dec, 2016 07:54am

Cricket

Pakistan celebrate Asad's magical knock

The great game of cricket is quite complex as one could take pride even in defeats, this was the case during the first Test match between Pakistan and Australia, after the hosts were able to clinch a 39 run victory, but not after a gutsy show by visitors.

Published 19 Dec, 2016 07:49am

Financial

Dollar weakens after rally as Asia markets struggle

HONG KONG: The dollar retreated against most major peers in Asian trade on Monday as investors cashed in after a Federal Reserve-fuelled surge last week, while equities were also lower on concerns about China-US tensions.

Published 19 Dec, 2016 07:35am

Recovery of money through bank account: notices issued

SOHAIL SARFRAZ%D%AISLAMABAD: Lahore High Court (LHC) has issued notices to President of Pakistan, Special Assistant to Prime Minister on Revenue Haroon Akhtar, FBR officials and Government of Punjab in a petition challenging the illegal recovery of money

Published 19 Dec, 2016 07:34am

Business & Finance

Mega power project to be awarded to Chinese company

MUSHTAQ GHUMMAN%D%AISLAMABAD:The government is all set to award 600KV (4,000MW) HVDC (High Voltage Direct Current) 878-kilometres Matiari-Lahore Transmission Line Project of $2.

Published 19 Dec, 2016 07:22am

Pakistan Top News

RECORDER REPORT: PSX mid day update

KARACHI: On Monday, until mid day, KSE-100 Index was at 46944.

Published 19 Dec, 2016 07:20am

Europe

Russian military plane crashes in Siberia, 23 hospitalised: agencies

MOSCOW: The Russian Defence Ministry said on Monday that one of its planes had crashed in northeast Siberia, but that nobody had been killed in the accident, Russian news agencies reported.

Published 19 Dec, 2016 07:12am

Financial

South Korea won, stocks flat as markets cautious before Yellen speech, BOJ

SEOUL: The South Korean won was slightly down early on Monday as investors kept to the sidelines ahead of a speech by Federal Reserve Chair Janet Yellen and the outcome of the Bank of Japan's policy meeting.

Published 19 Dec, 2016 06:38am

Financial

Nikkei snaps 9-day rally, exporters and banks take breather; BOJ in focus

TOKYO: Japanese stocks fell on Monday morning, snapping a nine-day rally as a pullback on Wall Street prompted investors to cash in on outperformers such as exporters and banks.

Published 19 Dec, 2016 06:37am

Life & Style

Pakistan repatriation push, rising hostility alarms Afghan refugees

ISLAMABAD/PESHAWAR: Almost 40 years after seeking sanctuary in Pakistan, Nusheen Bibi lives in fear of being expelled from the only country she has ever known.

Published 19 Dec, 2016 06:36am

Financial

Asia stocks find relief as China set to return seized US drone

TOKYO: Asian shares steadied near four-week lows on Monday after China agreed to return the U.

Published 19 Dec, 2016 06:30am

Financial

Australia dollar steady after budget forecast, NZ$ ticks up

SYDNEY/WELLINGTON: The Australian dollar stayed near a six-month trough on Monday after the government forecast a smaller-than-feared budget deficit this year, but that could not fully deflect the threat of a downgrade to the country's top credit rati

Published 19 Dec, 2016 06:29am

World

China govt researchers see 2017 GDP growth slowing, yuan falling

BEIJING: China's economy will grow around 6.

Published 19 Dec, 2016 06:28am

Energy

Oil prices rise in anticipation of tighter 2017 market

SINGAPORE: Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.

Published 19 Dec, 2016 06:27am

Commodities

Gold prices recover as US dollar slips

BENGALURU: Gold edged up on Monday, extending its recovery from a 10-1/2-month low hit last week, as the US dollar slipped from a 14-year peak against a basket of currencies.

Published 19 Dec, 2016 06:26am

Commodities

London copper hits 3-1/2 week low; zinc sinks on profit-taking

MELBOURNE: London copper slipped to its weakest in 3-1/2 weeks on Monday as inventories pile up ahead of year-end, while lead and zinc posted steep falls on profit-taking after strong fourth-quarter gains.

Published 19 Dec, 2016 06:25am

Commodities

Wheat prices firm as cold weather threatens US crops

SYDNEY: US wheat rose nearly 1 percent as cold weather struck key US producing regions, raising fears of potential crop losses.

Published 19 Dec, 2016 06:24am

Financial

China's yuan firms after surprisingly strong midpoint

SHANGHAI: China's yuan firmed against the dollar on Monday after the central bank set a much stronger midpoint than the market had expected, traders said.

Published 19 Dec, 2016 06:23am

Financial

Dollar pulls away from 14-year peak as investors take profits

TOKYO: The dollar edged lower in Asian trading on Monday as some investors took profits after its rise last week to a 14-year peak against a currency basket, though it remained underpinned by expectations of more U.

Published 19 Dec, 2016 06:22am

Financial

Asian currencies on defensive; ringgit matches post-1998 lows

SINGAPORE: The Malaysian ringgit matched a post-1998 low set last year and the South Korean won hit a nearly six-month low on Monday, after the US Federal Reserve last week signalled a faster-than-expected pace of interest rate rises in 2017.

Published 19 Dec, 2016 06:21am

Financial

China stocks fall after Beijing's neutral policy signal; HK also down

SHANGHAI: China stocks dipped on Monday morning as risk appetite was curbed by persistent signs of liquidity stress in the banking system, as well as Beijing's vow to contain asset bubbles next year by keeping monetary policy "prudent and neutral.

Published 19 Dec, 2016 06:19am

World

Japan eyes record spending, less new debt in FY2017/18 budget

TOKYO: Japan's government plans an initial budget of a record 97.

Published 19 Dec, 2016 06:17am

Commodities

Palm rises over 1pc on rival soyoil gains

KUALA LUMPUR: Malaysian palm oil futures rose over 1 percent in first-half trade on Monday and touched a four-and-a-half-year high hit in the previous session, tracking gains in rival soyoil and on tight supplies in the market.

Published 19 Dec, 2016 06:15am

Pakistan Top News

Australia deny Pakistan in gripping Test finale

BRISBANE: Australia prevented a world-record, 490-run chase by Pakistan on Friday to win a gripping first Test by just 39 runs and preserve their 28-year unbeaten streak at Brisbane's Gabba ground.

Published 19 Dec, 2016 05:37am

Front Top News

57 journalists killed worldwide in 2016: rights group

PARIS: At least 57 journalists have been killed around the world in 2016 while doing their job, Reporters Without Borders said on Monday.

Published 19 Dec, 2016 05:19am

Cricket

Australia beat Pakistan by 39 runs in first Test

BRISBANE: Australia defeated Pakistan by 39 runs to win a gripping struggle on the final day of the day-night first Test at the Gabba on Monday.

Published 19 Dec, 2016 04:52am

Minister says Christmas gives message of love and religious harmony

Provincial Minister for Human Rights and Minorities Affairs Khalil Tahir Sandhu has said that Christmas gives the message of love, peace and religious harmony so that enemy can be defeated by promoting the sense of brotherhood without any discrimination o