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Archive - 2017-01-08
CM visits residence of Zohra Bibi, gives cheque of Rs.1.0mn
General News

CM visits residence of Zohra Bibi, gives cheque of Rs.1.0mn

LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif visited Tibbi Kambovan Kasur on Sunday and offered condolences with the family of 60 year old Zohra Bibi who died few days ago due to non-provision of appropriate medical facilities at Jinnah Hospital
Published 08 Jan, 2017 07:41pm
President urges litterateurs to expose extremists' irreligious, inhuman acts
Pakistan Top News

President urges litterateurs to expose extremists' irreligious, inhuman acts

ISLAMABAD: President Mamnoon Hussain Sunday urged the writers and poets to analyze the issue of extremism in their literary works to apprise the people of the menace as the brutality shown by some ill minds had no room in religion, humanity as well as civ
Published 08 Jan, 2017 07:38pm
Imran afraid of Maryam Nawaz: Marriyum Aurangzeb
World Top News

Imran afraid of Maryam Nawaz: Marriyum Aurangzeb

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb said on Sunday Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan was afraid of Maryam Nawaz.
Published 08 Jan, 2017 07:35pm
PM declares year-2017 as Zarb-e-Qalam: Irfan
Front Top News

PM declares year-2017 as Zarb-e-Qalam: Irfan

ISLAMABAD: Advisor to the Prime Minister on National History and Literary Heritage Irfan Siddiqui Sunday said Prime Minister Muhammad Nawaz Sharif had declared the year-2017 as a year of Zarb-e-Qalam to highlight soft image of the country.
Published 08 Jan, 2017 07:35pm
Missing child maid recovered from Islamabad's suburbs: Police
World Top News

Missing child maid recovered from Islamabad's suburbs: Police

ISLAMABAD: Islamabad Police and law enforcement agencies on Sunday recovered Tayyaba, who was allegedly tortured while working as maid at the residence of an additional sessions judge, from rural area of the Federal Capital.
Published 08 Jan, 2017 07:33pm
Outgoing Ambassador Jilani lauds Pakistani American community for support
Pakistan Top News

Outgoing Ambassador Jilani lauds Pakistani American community for support

WASHINGTON: Pakistan's outgoing ambassador to the United States, Jalil Abbas Jilani, has lauded the role of Pakistani American community for their support and cooperation that helped in achieving results in several areas of bilateral relations between
Published 08 Jan, 2017 07:27pm
Zaha provides assist for winner on debut
Football

Zaha provides assist for winner on debut

ABU DHABI: Substitute Wilfried Zaha provided the decisive cross on his Ivory Coast debut as the African champions beat Sweden 2-1 in a friendly international on Sunday.
Published 08 Jan, 2017 07:06pm
Soccer-Roma, Lazio scrape home while Inter win again
Football

Soccer-Roma, Lazio scrape home while Inter win again

MILAN: Second-placed AS Roma needed an unlucky own goal from Armando Izzo to beat Genoa 1-0 away in Serie A on Sunday and neighbours Lazio survived a controversial disallowed goal before snatching a last minute win over lowly Crotone.
Published 08 Jan, 2017 07:05pm
Soccer-Klopp defends decision to rest 10 players
Football

Soccer-Klopp defends decision to rest 10 players

LONDON: Liverpool manager Juergen Klopp defended his decision to rest so many first-team players for Sunday's FA Cup tie at Anfield in which fourth-tier Plymouth Argyle forced a replay the Premier League club did not want.
Published 08 Jan, 2017 07:02pm
Obama admits underestimating impact of Russian hacking
North America

Obama admits underestimating impact of Russian hacking

WASHINGTON: President Barack Obama admitted Sunday that he "underestimated" the impact misinformation and hacking could have on democracies, a remark that follows an intelligence report on Russian meddling in the US presidential vote.
Published 08 Jan, 2017 06:06pm
Football: Ronaldo tipped for 2016 FIFA award
Football

Football: Ronaldo tipped for 2016 FIFA award

PARIS: Following his success in Ballon d'Or, the Portugal and Real Madrid star Cristiano Ronaldo is set to add another garland -- the Best FIFA Men's Player -- on Monday in Zurich.
Published 08 Jan, 2017 06:04pm
British PM May denies her Brexit strategy is muddled
Europe

British PM May denies her Brexit strategy is muddled

LONDON: British Prime Minister Theresa May said on Sunday she would set out her strategy for Brexit over the coming weeks, denying suggestions she was "muddled" in the pursuit of what she called the right relationship with the EU.
Published 08 Jan, 2017 03:44pm
North Korea says can test-launch ICBM at any time
Asia

North Korea says can test-launch ICBM at any time

SEOUL: North Korea said on Sunday it can test launch an intercontinental ballistic missile at any time from any location set by leader Kim Jong Un, saying the United States' hostile policy is to blame for its arms development.
Published 08 Jan, 2017 03:32pm
Suicide attacks kill 20 people in eastern Baghdad
Pakistan Top News

Suicide attacks kill 20 people in eastern Baghdad

BAGHDAD: Suicide bombs at two marketplaces in Baghdad, one of them claimed by Islamic State, killed at least 20 people on Sunday, police and medics said, the latest in a spate of militant attacks in the Iraqi capital that have left dozens dead.
Published 08 Jan, 2017 03:30pm
Iraqi forces reach east bank of Tigris in Mosul: Iraqi officer
World Top News

Iraqi forces reach east bank of Tigris in Mosul: Iraqi officer

MOSUL: Iraqi special forces reached the eastern bank of the Tigris river in Mosul on Sunday for the first time in a US-backed assault on Islamic State, and clashed with militants near a historic site in the city, military officials said.
Published 08 Jan, 2017 03:10pm
French FM to bolster 'strategic partnership' with India visit
Pakistan Top News

French FM to bolster 'strategic partnership' with India visit

NEW DELHI: French Foreign Minister Jean-Marc Ayrault began a four-day visit to India with a meeting Sunday with Prime Minister Narendra Modi to bolster the "strategic partnership" between the two countries.
Published 08 Jan, 2017 11:07am
Iran to receive first Airbus plane in days
Industry

Iran to receive first Airbus plane in days

TEHRAN: Iran is to take possession of the first aircraft this week in a huge order from Airbus placed after the lifting of international sanctions, state carrier Iran Air said Sunday.
Published 08 Jan, 2017 11:04am
Anderson powers N.Zealand to T20 sweep
Cricket

Anderson powers N.Zealand to T20 sweep

MOUNT MAUNGANUI: Corey Anderson bludgeoned 94 off just 41 balls as New Zealand beat Bangladesh by 27 runs in the third Twenty20 at Bay Oval on Sunday to sweep the series.
Published 08 Jan, 2017 08:15am
Hazlewood rested for first Pakistan one-dayer
Cricket

Hazlewood rested for first Pakistan one-dayer

SYDNEY: Key paceman Josh Hazlewood will be rested from Australia's first one-day international against Pakistan this week after his starring role in the Test series sweep, coach Darren Lehmann said Sunday.
Published 08 Jan, 2017 08:12am
COAS Bajwa sells China investment deal in remote Balochistan
Pakistan Top News

COAS Bajwa sells China investment deal in remote Balochistan

KHUZDAR: The dusty desert city of Khuzdar in southwestern Pakistan has no hospital and no commercial flights into its tiny airport, but government officials who visited recently spoke in glowing terms of its future as a hub of commerce.
Published 08 Jan, 2017 07:20am
Kuznetsova opens Sydney defence with win, seeds withdraw
Sports

Kuznetsova opens Sydney defence with win, seeds withdraw

SYDNEY: Svetlana Kuznetsova opened the defence of her Sydney International title with a comfortable 6-1 6-4 victory over Irina-Camelia Begu on Sunday as the Australian Open warm-up event suffered a pair of big-name withdrawals.
Published 08 Jan, 2017 07:19am
Car bomb in eastern Baghdad kills 12, wounds dozens
World Top News

Car bomb in eastern Baghdad kills 12, wounds dozens

BAGHDAD: A car bomb blast killed at least 12 people and wounded 50 others at a vegetable market in eastern Baghdad on Sunday, police and medical sources said.
Published 08 Jan, 2017 07:15am
Trump has economic grace period, despite uncertainties
Front Top News

Trump has economic grace period, despite uncertainties

WASHINGTON: Donald Trump has not yet taken office, but he is already boasting that his election has restored confidence in the American economy, boosted confidence and saved jobs.
Published 08 Jan, 2017 04:54am
Obama and Trump cap tempestuous transition
World Top News

Obama and Trump cap tempestuous transition

WASHINGTON: After vowing a smooth transition, President Barack Obama and %Donald Trump are presiding over one of the most tumultuous transfers of power in US history.
Published 08 Jan, 2017 04:53am
'British spies informed CIA of Russian hacking'

'British spies informed CIA of Russian hacking'

British spies had apprised the CIA of Russian efforts to influence the US presidential election by hacking. Aaj News reported on Saturday night that British intelligence was aware of Russia's involvement as early as autumn 2015 shortly after they t
Published 08 Jan, 2017 12:00am
Massive tanker bomb kills 48 in Syria border town

Massive tanker bomb kills 48 in Syria border town

A massive tanker truck bomb ripped through a market by a courthouse in the rebel-held Syrian town of Azaz on Saturday, killing 48 people and wounding dozens near the Turkish border. The attack appeared to be the deadliest yet in the town in northern Alepp
Published 08 Jan, 2017 12:00am
Trump says hacking had 'no effect' on his election

Trump says hacking had 'no effect' on his election

Donald Trump asserted Friday that hacking did not sway the US election, after a briefing on an intelligence report that blamed Russia's Vladimir Putin for a cyber campaign to keep Hillary Clinton out of the White House. While the president-elect held fast
Published 08 Jan, 2017 12:00am
Trump picks Dan Coats for intelligence director

Trump picks Dan Coats for intelligence director

President-elect Donald Trump on Saturday formally announced former Indiana Senator Dan Coats as his pick for US director of national intelligence. A mild-mannered former ambassador to Germany who also served on the Senate Intelligence Committee, Coats was
Published 08 Jan, 2017 12:00am
SC to examine admissibility of documents in Panamagate case

SC to examine admissibility of documents in Panamagate case

The apex court would have to examine the admissibility of the documents submitted in the court by the counsel representing the Prime Minister Nawaz Sharif, his daughter Maryam and his two sons Hussain and Hassan as well as documents presented by the petit
Published 08 Jan, 2017 12:00am
OGDCL, Chinese company likely to expedite operations in Balochistan

OGDCL, Chinese company likely to expedite operations in Balochistan

Oil and Gas Development Company Limited (OGDCL) is likely to go into a joint venture with Poly-GCL Petroleum Group of China to expedite exploration of potential oil and gas in Balochistan province. The country's largest oil and gas exploration company, OG
Published 08 Jan, 2017 12:00am
Rs 75 billion pro-exports package may be announced on January 10
Cotton

Rs 75 billion pro-exports package may be announced on January 10

Prime Minister Nawaz Sharif is expected to announce Rs 75 billion package for six major export oriented sectors at different proportions for high and low value added sectors on January 10, 2017 with top priority to the textile sector, well informed source
Published 08 Jan, 2017 12:00am
Rs 75 billion pro-exports package may be announced on January 10
Cotton

Rs 75 billion pro-exports package may be announced on January 10

Prime Minister Nawaz Sharif is expected to announce Rs 75 billion package for six major export oriented sectors at different proportions for high and low value added sectors on January 10, 2017 with top priority to the textile sector, well informed source
Published 08 Jan, 2017 12:00am
Rs 75 billion pro-exports package may be announced on January 10
Cotton

Rs 75 billion pro-exports package may be announced on January 10

Prime Minister Nawaz Sharif is expected to announce Rs 75 billion package for six major export oriented sectors at different proportions for high and low value added sectors on January 10, 2017 with top priority to the textile sector, well informed source
Published 08 Jan, 2017 12:00am
Amended NAB law stiffens penalties for beneficiaries

Amended NAB law stiffens penalties for beneficiaries

Finance Minister Ishaq Dar on Saturday said that under the directions of Prime Minister Nawaz Sharif, the Laws Review Committee has proposed amendments in Section 15 and substitution of Section 25 of National Accountability Ordinance, 1999. Dar, who is al
Published 08 Jan, 2017 12:00am
Amended NAB law stiffens penalties for beneficiaries

Amended NAB law stiffens penalties for beneficiaries

Finance Minister Ishaq Dar on Saturday said that under the directions of Prime Minister Nawaz Sharif, the Laws Review Committee has proposed amendments in Section 15 and substitution of Section 25 of National Accountability Ordinance, 1999. Dar, who is al
Published 08 Jan, 2017 12:00am
Amended NAB law stiffens penalties for beneficiaries

Amended NAB law stiffens penalties for beneficiaries

Finance Minister Ishaq Dar on Saturday said that under the directions of Prime Minister Nawaz Sharif, the Laws Review Committee has proposed amendments in Section 15 and substitution of Section 25 of National Accountability Ordinance, 1999. Dar, who is al
Published 08 Jan, 2017 12:00am
Amended NAB law stiffens penalties for beneficiaries

Amended NAB law stiffens penalties for beneficiaries

Finance Minister Ishaq Dar on Saturday said that under the directions of Prime Minister Nawaz Sharif, the Laws Review Committee has proposed amendments in Section 15 and substitution of Section 25 of National Accountability Ordinance, 1999. Dar, who is al
Published 08 Jan, 2017 12:00am
Amended NAB law stiffens penalties for beneficiaries

Amended NAB law stiffens penalties for beneficiaries

Finance Minister Ishaq Dar on Saturday said that under the directions of Prime Minister Nawaz Sharif, the Laws Review Committee has proposed amendments in Section 15 and substitution of Section 25 of National Accountability Ordinance, 1999. Dar, who is al
Published 08 Jan, 2017 12:00am
Ordinance promulgated

Ordinance promulgated

On Saturday night, President Mamnoon Hussain promulgated 'The National Accountability (Amendment) Ordinance, 2017'. The Ordinance which became operative with immediate effect has been promulgated to curb corruption in the country in the wake of a hue and
Published 08 Jan, 2017 12:00am
Ordinance promulgated

Ordinance promulgated

On Saturday night, President Mamnoon Hussain promulgated 'The National Accountability (Amendment) Ordinance, 2017'. The Ordinance which became operative with immediate effect has been promulgated to curb corruption in the country in the wake of a hue and
Published 08 Jan, 2017 12:00am
Ordinance promulgated

Ordinance promulgated

On Saturday night, President Mamnoon Hussain promulgated ''The National Accountability (Amendment) Ordinance, 2017''. The Ordinance which became operative with immediate effect has been promulgated to curb corruption in the country in the wake of a hue an
Published 08 Jan, 2017 12:00am
Ordinance promulgated

Ordinance promulgated

On Saturday night, President Mamnoon Hussain promulgated ''''The National Accountability (Amendment) Ordinance, 2017''''. The Ordinance which became operative with immediate effect has been promulgated to curb corruption in the country in the wake of a hu
Published 08 Jan, 2017 12:00am
Ordinance promulgated

Ordinance promulgated

On Saturday night, President Mamnoon Hussain promulgated ''''''''The National Accountability (Amendment) Ordinance, 2017''''''''. The Ordinance which became operative with immediate effect has been promulgated to curb corruption in the country in the wake
Published 08 Jan, 2017 12:00am
Thai factory output rises

Thai factory output rises

Thailand's industrial output rose for a fourth straight month in November and at the fastest annual pace in 43 months, lifted by demand for steel, electronics and autos. The Industry Ministry said on Thursday its manufacturing production index (MPI) in No
Published 08 Jan, 2017 12:00am
Mexico slams 'threats' against investors

Mexico slams 'threats' against investors

Mexico's economy ministry, in an apparent reference to US President-elect Donald Trump, rejected on Friday any threats made to deter companies from investing in the country. Trump threatened this week to slap import tariffs on US automaker General Motors
Published 08 Jan, 2017 12:00am
Year 2017 to be observed as Zarb-e-Qalm: Irfan Siddiqui

Year 2017 to be observed as Zarb-e-Qalm: Irfan Siddiqui

Advisor to Prime Minister on National History and Literary Heritage Irfan Siddiqui Saturday said that Year-2017 has been declared as Zarb-e-Qalm to highlight soft image of country. Addressing third day of 4th International Literary Conference, "Language,
Published 08 Jan, 2017 12:00am
Swiss watch sector set for smartwatch boom

Swiss watch sector set for smartwatch boom

Switzerland's luxury watch sector can profit from a smartwatch boom as more consumers seek high-end versions of the technology, an industry veteran was quoted as saying. Swiss watchmakers, who once dismissed smartwatches as a fashion accessory, are racing
Published 08 Jan, 2017 12:00am
Swiss watch sector set for smartwatch boom

Swiss watch sector set for smartwatch boom

Switzerland's luxury watch sector can profit from a smartwatch boom as more consumers seek high-end versions of the technology, an industry veteran was quoted as saying. Swiss watchmakers, who once dismissed smartwatches as a fashion accessory, are racing
Published 08 Jan, 2017 12:00am
Fiat avoids Trump wrath, but Mexico imports coming soon

Fiat avoids Trump wrath, but Mexico imports coming soon

Fiat Chrysler so far has escaped the wrath of President-elect Donald Trump's Twitter feed, but the automaker is due to start importing models from Mexico as soon as this month. Fiat Chrysler shifted production of the new Jeep Compass to Mexico so it could
Published 08 Jan, 2017 12:00am
Hafeez Lakho passes away

Hafeez Lakho passes away

Renowned lawyer and counsel for Zulfikar Ali Bhutto in a landmark case, Abdul Hafeez Lakho passed away on Saturday. His funeral prayers were offered at Karachi's Masjid Sultan. All judicial affairs were put on hold in Karachi's City Court yesterday at the
Published 08 Jan, 2017 12:00am
Hafeez Lakho passes away

Hafeez Lakho passes away

Renowned lawyer and counsel for Zulfikar Ali Bhutto in a landmark case, Abdul Hafeez Lakho passed away on Saturday. His funeral prayers were offered at Karachi's Masjid Sultan. All judicial affairs were put on hold in Karachi's City Court yesterday at the
Published 08 Jan, 2017 12:00am
University professor goes missing

University professor goes missing

Fatima Jinnah University's professor, poet and human rights activist Salman Haider was reported missing from Islamabad. According to details, the professor went missing from Bani Gala on Friday night after which his car was recovered by security officers
Published 08 Jan, 2017 12:00am
University professor goes missing

University professor goes missing

Fatima Jinnah University's professor, poet and human rights activist Salman Haider was reported missing from Islamabad. According to details, the professor went missing from Bani Gala on Friday night after which his car was recovered by security officers
Published 08 Jan, 2017 12:00am
Extension of Right Bank Project to be launched to protect Lake Manchar

Extension of Right Bank Project to be launched to protect Lake Manchar

The government would launch 'Extension of Right Bank Outfall Drain from Sehwan to Sea (RBOD-II)' project at an estimated cost of Rs 62 billion to save Lake Manchar and the area under Kotri Barrage Command from contamination by the saline effluent coming f
Published 08 Jan, 2017 12:00am
Extension of Right Bank Project to be launched to protect Lake Manchar

Extension of Right Bank Project to be launched to protect Lake Manchar

The government would launch 'Extension of Right Bank Outfall Drain from Sehwan to Sea (RBOD-II)' project at an estimated cost of Rs 62 billion to save Lake Manchar and the area under Kotri Barrage Command from contamination by the saline effluent coming f
Published 08 Jan, 2017 12:00am
Extension of Right Bank Project to be launched to protect Lake Manchar

Extension of Right Bank Project to be launched to protect Lake Manchar

The government would launch ''Extension of Right Bank Outfall Drain from Sehwan to Sea (RBOD-II)'' project at an estimated cost of Rs 62 billion to save Lake Manchar and the area under Kotri Barrage Command from contamination by the saline effluent coming
Published 08 Jan, 2017 12:00am
Gunman wounds US consular official in western Mexico

Gunman wounds US consular official in western Mexico

Mexican police hunted on Saturday for a gunman who shot and wounded a US consulate official who was driving out of a parking garage in the western city of Guadalajara. The consulate posted a video on Facebook showing the shooter, dressed in blue, waiting
Published 08 Jan, 2017 12:00am
Gunman wounds US consular official in western Mexico

Gunman wounds US consular official in western Mexico

Mexican police hunted on Saturday for a gunman who shot and wounded a US consulate official who was driving out of a parking garage in the western city of Guadalajara. The consulate posted a video on Facebook showing the shooter, dressed in blue, waiting
Published 08 Jan, 2017 12:00am
18 dead as Yemen loyalists attack rebels on Red Sea coast

18 dead as Yemen loyalists attack rebels on Red Sea coast

Yemeni government forces attacked rebel positions on the Red Sea coast on Saturday sparking clashes in which seven soldiers, including a general, and 11 rebels were killed, loyalist military sources said. The assault on the coastal district of Dhubab, jus
Published 08 Jan, 2017 12:00am
At least 23 die in cold snap across Europe

At least 23 die in cold snap across Europe

A cold wave across Europe has left at least 23 people dead in the past two days, including several homeless and migrants, authorities said Saturday, with the frigid temperatures expected to continue through the weekend. Russia meanwhile celebrated the col
Published 08 Jan, 2017 12:00am
At least 23 die in cold snap across Europe

At least 23 die in cold snap across Europe

A cold wave across Europe has left at least 23 people dead in the past two days, including several homeless and migrants, authorities said Saturday, with the frigid temperatures expected to continue through the weekend. Russia meanwhile celebrated the col
Published 08 Jan, 2017 12:00am
FED collection through cigarettes declines sharply

FED collection through cigarettes declines sharply

Federal Excise Duty (FED) collection on cigarettes sharply declined by over 45 percent or Rs 4 billion during the first quarter (July-Sep) of this fiscal year 2016-17 mainly due to change in duty structure. According to State Bank of Pakistan (SBP), the t
Published 08 Jan, 2017 12:00am
FED collection through cigarettes declines sharply

FED collection through cigarettes declines sharply

Federal Excise Duty (FED) collection on cigarettes sharply declined by over 45 percent or Rs 4 billion during the first quarter (July-Sep) of this fiscal year 2016-17 mainly due to change in duty structure. According to State Bank of Pakistan (SBP), the t
Published 08 Jan, 2017 12:00am
FED collection through cigarettes declines sharply

FED collection through cigarettes declines sharply

Federal Excise Duty (FED) collection on cigarettes sharply declined by over 45 percent or Rs 4 billion during the first quarter (July-Sep) of this fiscal year 2016-17 mainly due to change in duty structure. According to State Bank of Pakistan (SBP), the t
Published 08 Jan, 2017 12:00am
Significant decline in terror activities

Significant decline in terror activities

There has been a significant reduction in terror activities in the country following the operation Zarb-e-Azb in which the Taliban capacity to launch attacks was effectively degraded compelling many to cross into Afghanistan, according to statistics gathe
Published 08 Jan, 2017 12:00am
Significant decline in terror activities

Significant decline in terror activities

There has been a significant reduction in terror activities in the country following the operation Zarb-e-Azb in which the Taliban capacity to launch attacks was effectively degraded compelling many to cross into Afghanistan, according to statistics gathe
Published 08 Jan, 2017 12:00am
Trilateral talks on Afghanistan

Trilateral talks on Afghanistan

An instable Afghanistan has been a lingering regional concern, but what makes it all the more critical now is the increased presence of so-called Islamic State, which is certainly gaining a foothold in this landlocked country. Having met behind the scenes
Published 08 Jan, 2017 12:00am
Israel dumped by US

Israel dumped by US

To utter frustration of Israel the United States has done something which it never did: It refused to veto a UN Security Council resolution that squarely condemns Israeli settlements in the occupied Palestinian territory of the West Bank. The US abstained
Published 08 Jan, 2017 12:00am
Foreign policy: finding the right balance

Foreign policy: finding the right balance

Pakistan has continually strived for a balanced foreign policy that looks to keep the objectives of Pakistan as well as the region in perspective. Pakistan realizes its strategic worth as a major player in the region and has always attempted to keep the p
Published 08 Jan, 2017 12:00am
Europe's banks to ride the yield curve higher

Europe's banks to ride the yield curve higher

Improving economic conditions, a steeper government bond yield curve and an overall decline in bad debts suggest 2017 is shaping up as the healthiest year for Europe's banks in almost a decade. The brighter outlook for the sector has in recent weeks promp
Published 08 Jan, 2017 12:00am
NATO and Russia in game of cat and mouse in Baltic skies

NATO and Russia in game of cat and mouse in Baltic skies

French jets have been engaged in a game of cat and mouse with Russian fighters in the skies above the Baltic states, as NATO keeps a close eye on Russia's ambitions. Four French Mirage jets this week completed a four-month tour of duty in Lithuania - and
Published 08 Jan, 2017 12:00am
Om Puri dies

Om Puri dies

No doubt, Om Puri, the acclaimed Indian actor who appeared in hit films including "Gandhi", "City of Joy" and "East is East", has left a large number of his admirers in a state of shock. Not only was he an overly astute performer, he was also a brutally h
Published 08 Jan, 2017 12:00am
BISP to show significant improvements in operations: Marvi

BISP to show significant improvements in operations: Marvi

The Minister of State and Chairperson BISP MNA Marvi Memon has said that BISP has made significant improvements in its operations for last several years, besides it was ensuring timely release of full payments to beneficiaries. This, she stated, while vis
Published 08 Jan, 2017 12:00am
Government urged to cut taxes on real estate sector

Government urged to cut taxes on real estate sector

Real estate sector was playing crucial role in the economic development of the country and creating jobs, but imposition of heavy taxes has hampered its growth and government should reduce tax rates on this important sector of the economy to facilitate it
Published 08 Jan, 2017 12:00am
Hassan Nawaz rejects accusations

Hassan Nawaz rejects accusations

Prime Minister of Pakistan Nawaz Sharif's son Hassan Nawaz has said that all accusations on Sharif family regarding Panama papers are wrong and Sharif family will prevail soon. Talking to a private TV channel after visiting Zubair Gull, Pakistan Muslim Le
Published 08 Jan, 2017 12:00am
PTI demands details of fee paid to Sharif family's lawyers

PTI demands details of fee paid to Sharif family's lawyers

Pakistan Tehrek-e-Insaf leader Andaleeb Abbass has written a letter to principal secretary of the prime minister in which she demanded about the legal expenses that Nawaz Sharif and his family is bearing in regards to Panamagate case. Furthermore, questio
Published 08 Jan, 2017 12:00am
Khattak directs completion of Swat Motorway by year-end

Khattak directs completion of Swat Motorway by year-end

KP Chief Minister Pervez Khattak has directed the ensuring of the completion of Swat Motorway by the end of December 2017. While presiding over a meeting at CM House, he said that Swat Motorway is very important project. He said that provincial government
Published 08 Jan, 2017 12:00am
FIO orders disbursement of Rs 13.7 million to policy holders

FIO orders disbursement of Rs 13.7 million to policy holders

Federal Insurance Ombudsman, Raeesuddin Paracha orders to pay accumulative Rs 13.7 million monetary relief to policy holders in settlement of their claims, whereas Rs 1.4 million were also ordered to pay to the policy holders in the form of amicable settl
Published 08 Jan, 2017 12:00am
QWP chief urges unity of Pakhtuns

QWP chief urges unity of Pakhtuns

Qaumi Watan Party (QWP) Chairman Aftab Ahmed Khan Sherpao has stated that the uniting Pakhtoons in Pakistan would usher an era of peace and prosperity in the country. He expressed these views while addressing the inauguration ceremony of two small dams in
Published 08 Jan, 2017 12:00am
PSO imports 500ppm environment-friendly low-sulfur Euro II diesel

PSO imports 500ppm environment-friendly low-sulfur Euro II diesel

Continuing its leadership role in transforming quality of fuels in the country, Pakistan State Oil (PSO) has imported the first vessel of the country's foremost low-sulfur diesel product that ensures a healthier environment and better performance of vehic
Published 08 Jan, 2017 12:00am
PTA all set to announce winners of Pakistan Mobile App Awards 2016

PTA all set to announce winners of Pakistan Mobile App Awards 2016

Pakistan Telecommunication Authority (PTA) is all set to announce the winners of Pakistan Mobile App Awards 2016 who prepared mobile application to help disabled persons perform necessary functions for everyday life with the help of their mobile phones.
Published 08 Jan, 2017 12:00am
Five companies to participate in Paperworld 2017

Five companies to participate in Paperworld 2017

Five manufacturing companies from Pakistan have confirmed their participation at Paperworld Frankfurt 2017. Paperworld is scheduled to be held from 28th to 31st. Aftab Sons Writing Instruments, Indus Pencils Limited, Mark Industries, Wamiq Enterprises & S
Published 08 Jan, 2017 12:00am
PTI man joins PPP

PTI man joins PPP

A politician belonging to the Tehreek-e-Insaf in Karachi announced his decision to resign from the PTI and join the People's Party on Saturday. Zubair Khan made the announcement at a press conference at the PPP's media cell at Bilawal House. "We welcome Z
Published 08 Jan, 2017 12:00am
PEDO identifies 29 hydro power projects

PEDO identifies 29 hydro power projects

Pakhtunkhwa Energy Development Organisation (PEDO) has identified a total of 29 hydro power projects with an investment of around US $12.0 billion, said a press release issued here on Saturday. A new investor friendly KP Hydro Power Policy 2016 and associ
Published 08 Jan, 2017 12:00am
Plea to extend tenure of president of FPCCI body

Plea to extend tenure of president of FPCCI body

Immediate-past President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Abdul Rauf Alam has said that one year tenure of president of the apex body of the country is too short to perform the gigantic national and international level
Published 08 Jan, 2017 12:00am
NBP supports knowledge-based activities, projects

NBP supports knowledge-based activities, projects

National Bank of Pakistan is proud to be part of noble cause initiated by the national institutions like National Police Bureau; this was stated by President Syed Ahmed Iqbal Ashraf while inaugurating renovated library of National Police Bureau in Islamab
Published 08 Jan, 2017 12:00am
Mandviwalla terms FBR's audit policy disaster for tax system

Mandviwalla terms FBR's audit policy disaster for tax system

The Federal Board of Revenue (FBR) has failed to squeeze the neck of 0.7 million high net wealth individuals, despite having their complete records, said Senator Saleem Mandviwalla here on Saturday. While lambasting the audit policy of the FBR, he said th
Published 08 Jan, 2017 12:00am
'K-E managed to significantly improve T&D losses'

'K-E managed to significantly improve T&D losses'

In line with its commitment to deliver safe and affordable electricity across its network, K-Electric has managed to significantly improve the reliability of power supply across its network; a testament of which is bringing down its T&D losses from almost
Published 08 Jan, 2017 12:00am
Zehri lauds PN for establishing cadet college

Zehri lauds PN for establishing cadet college

The Chief Minister Balochistan, Nawab Sanaullah Zehri has lauded Pakistan Navy for establishing Cadet College at Ormara and said that beside commitment to safeguarding the sea frontier of the motherland, PN has always remained proactive in welfare oriente
Published 08 Jan, 2017 12:00am
Waseem inspects Golimar Underpass

Waseem inspects Golimar Underpass

Mayor Karachi Waseem Akhtar said construction work of Golimar Underpass will be completed by the 15th of this month after which surrounding areas of Golimar Underpass would get rid of traffic gridlock. "I have this desire that this underpass was named aft
Published 08 Jan, 2017 12:00am
Minister vows fair probe into Naila murder case

Minister vows fair probe into Naila murder case

The Minister for Culture, Tourism and Antiquities Syed Sardar Ali Shah said that there must be an impartial investigation in the Murder case of Naila Rind, and there should be no place for emotions in the investigation process. This is not a case of just
Published 08 Jan, 2017 12:00am
Student murder suspect remanded into police custody for 6 days

Student murder suspect remanded into police custody for 6 days

District and sessions judge handed over the main suspect in the case involving the mysterious death of a female student in Sindh University to the police for six-day physical remand. According to a private television channel report, the prime suspect in t
Published 08 Jan, 2017 12:00am
WWF, SWD rescue two 'blind dolphins'

WWF, SWD rescue two 'blind dolphins'

Low water and intensive fishing continue to force blind dolphins, a critically endangered species to get trapped in different canals of the Indus River, the WWF-Pakistan said on Saturday. In a joint effort, the WWF-Pakistan and Sindh Wildlife Department r
Published 08 Jan, 2017 12:00am
Founders Group for strong implementation of Child Act

Founders Group for strong implementation of Child Act

Founders Group of Lahore Chamber of Commerce & Industry has called for stern implementation of Child Labour Act to prevent the incidents of child abuse. The Group's leader Mian Muhammad Ashraf said that due to poor implementation of Child Labour Act, crim
Published 08 Jan, 2017 12:00am
LESCO to start single-phase connections

LESCO to start single-phase connections

Chief Executive Lahore Electric Supply Company (LESCO), Syed Wajid Ali Kazmi said the Company would soon issue single phase connection under the Rooftop Solar Net Metering Electricity system to promote alternative sources of electricity in the city. "Alre
Published 08 Jan, 2017 12:00am
PIAF criticises FBR raids

PIAF criticises FBR raids

Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has criticized the Federal Board of Revenue (FBR) for issuing undue notices to business community, creating unrest among them. "The PIAF had received a number of complai
Published 08 Jan, 2017 12:00am
Parliamentary body to hold meeting on 11th on NAB law: Speaker

Parliamentary body to hold meeting on 11th on NAB law: Speaker

Speaker National Assembly Sardar Ayaz Sadiq on Saturday said that consultations will be held for amendments in NAB laws and the parliamentary committee is holding its meeting on January 11, to suggest necessary changes in the existing NAB laws.
Published 08 Jan, 2017 12:00am
Increase in traditional exports to African region urged

Increase in traditional exports to African region urged

The share of Pakistani export in overall imports of African countries is hardly 1 percent and we must take immediate steps to enhance it, said Engineer Ahmed Hassan, vice president Faisalabad Chamber of Commerce and Industry (FCCI). Chairing a meeting of
Published 08 Jan, 2017 12:00am
Punjab making efforts towards achieving goal of 'safer community'

Punjab making efforts towards achieving goal of 'safer community'

Punjab government is going to adopt the Swedish model for reduction in traffic accidents apart from making 'road safety' part of syllabus. 'Rescue Mohafiz Program' has also been launched in Punjab through establishing community emergency response teams' a
Published 08 Jan, 2017 12:00am
Imran demands resignation of Railways minister

Imran demands resignation of Railways minister

Chairman Pakistan Tehreek-i-Insaf (PTI) Imran Khan on Saturday demanded resignation from Federal Minister for Railways Khawaja Saad Rafique for Lodhran train crash that claimed lives of nine including six children. Khan made the statement while talking to
Published 08 Jan, 2017 12:00am
Judiciary urged to decide cases within minimum time

Judiciary urged to decide cases within minimum time

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has said that the judiciary would have to decide cases within minimum possible time in order to restore the people's confidence in them. He was addressing the central office bearers of the party on S
Published 08 Jan, 2017 12:00am
Outgoing Chairman FBR's services lauded

Outgoing Chairman FBR's services lauded

Chief Collector Customs Central Samaira Nazir Siddiqui and officers of Pakistan Customs Service Central Region arranged a luncheon to bid farewell to Chairman FBR Nisar Mohammad Khan at Custom House Lahore on Saturday. She paid rich tribute to Nisar Muham
Published 08 Jan, 2017 12:00am
SOPs being amended to help avert accidents: Saad

SOPs being amended to help avert accidents: Saad

Federal Minister for Railways, Khawaja Saad Rafique on Saturday said the performance of Pakistan Railways (PR) is being improved on modern lines for the provision of safe, cheap, and fastest mode of travelling to its passenger. Talking to media in Bahawal
Published 08 Jan, 2017 12:00am
Prices of most kitchen items register increase

Prices of most kitchen items register increase

Prices of most kitchen items including cooking oil/ghee, sugar, egg and some vegetables registered increase during the past week as compared to the preceding week, revealed a survey conducted by Business Recorder here on Saturday. Wholesalers and t
Published 08 Jan, 2017 12:00am
Robbery cases witness slight decline in Capital

Robbery cases witness slight decline in Capital

The cases of robbery witnessed a slight decline in federal Capital during the last week but cases of abduction registered an upward trend and a human rights activist also went missing, revealed data gathered by Business Recorder here on Saturday.
Published 08 Jan, 2017 12:00am
Sindh CM barred from making appointments in SPSC

Sindh CM barred from making appointments in SPSC

Supreme Court (SC) on Saturday issued guidelines and restrained Sindh Chief Minister Murad Ali Shah from new appointments in Sindh Public Service Commission (SPSC) on his discretion. Justice Amir Hani Muslim penned a nine-page order in a suo motu case aga
Published 08 Jan, 2017 12:00am
Non-bailable arrest warrants for Sharjeel Memon issued

Non-bailable arrest warrants for Sharjeel Memon issued

An accountability court on Saturday issued non-bailable arrest warrants of the former Minister for Information Sindh Sharjeel Memon and in over five billion rupees corruption cases. The court adjourned the hearing till January 14 and ordered that the accu
Published 08 Jan, 2017 12:00am
CAA clarification

CAA clarification

The Civil Aviation Authority has clarified that the new aviation policy 2015 was not responsible for the PIA losses, saying that this statement is baseless and contrary to facts. He said that the new aviation policy 2015 was issued after due deliberation
Published 08 Jan, 2017 12:00am
'Health department asked to perform duties honestly'

'Health department asked to perform duties honestly'

Chairperson provincial Oversight & coordination cell for all public health and primary health care program, Azra Pechuho has asked all concerned officers and staff of health department to perform their duty honestly and warned them that there was no place
Published 08 Jan, 2017 12:00am
Tayyaba's parental aunt arrested for interrogation

Tayyaba's parental aunt arrested for interrogation

Police officers have geared up the search of minor maid Tayyaba, who was subjected to torture at additional session judge's house, and arrested her parental aunt. According to details, Special Investigation Team (SIT) on Saturday detained victim's aunt Pa
Published 08 Jan, 2017 12:00am
US dropped as many as 26,171 bombs in 2016

US dropped as many as 26,171 bombs in 2016

The Council on Foreign Relations recently published a blog on their website according to which the United States dropped 26,171 bombs in seven countries in 2016, including Pakistan. The other six countries in the list are Iraq, Syria, Afghanistan, Libya,
Published 08 Jan, 2017 12:00am
US dropped as many as 26,171 bombs in 2016

US dropped as many as 26,171 bombs in 2016

The Council on Foreign Relations recently published a blog on their website according to which the United States dropped 26,171 bombs in seven countries in 2016, including Pakistan. The other six countries in the list are Iraq, Syria, Afghanistan, Libya,
Published 08 Jan, 2017 12:00am
Met forecasts dry & cold weather in country

Met forecasts dry & cold weather in country

Temperature reached minus seven degrees Celsius in Kalat as winter cold waves continued to batter Karachi and other parts of the country over the last 24 hours, the Met office said on Saturday. It forecast mainly cold and dry weather for the most parts of
Published 08 Jan, 2017 12:00am
'India pursuing policy of confrontation'

'India pursuing policy of confrontation'

Pakistan has once again said the international community must take notice of India's hostile policy towards Islamabad which could lead to destabilization of the region. Foreign Office Spokesman Nafees Zakaria said this while talking to Radio Pakistan on S
Published 08 Jan, 2017 12:00am
Ayub Khan becomes minister for anti-terrorism department

Ayub Khan becomes minister for anti-terrorism department

Chief Minister of Punjab, Shehbaz Sharif on Saturday appointed Lieutenant Colonel Sardar Mohammad Ayub Khan Gadhi (Retd) as provincial minister for counter terrorism department. Colonel Ayub Khan Gadhi was elected into Punjab Assembly on the ticket of Pak
Published 08 Jan, 2017 12:00am
Billboards & hoardings: unified policy to be formed

Billboards & hoardings: unified policy to be formed

A high level meeting was held here Saturday with Punjab Chief Minister Muhammad Shahbaz Sharif in the chair. The meeting examined the draft law of implementing unified policy for placing billboards and hoardings.
Published 08 Jan, 2017 12:00am
Policeman, accused shot dead in Karak

Policeman, accused shot dead in Karak

A policeman and an accused were killed when some unknown armed men opened firing at their vehicle near the court of additional session judge in Karak on Saturday. According to reports, police was bringing accused Aqal Daraz in the court of additional sess
Published 08 Jan, 2017 12:00am
Youth Programme's role in combating joblessness highlighted

Youth Programme's role in combating joblessness highlighted

Prime Minister Nawaz Sharif's Youth Programme is a remarkable initiative of the Pakistan Muslim League-Nawaz (PML-N) government for the socio-economic development of youth in a bid to combat soaring unemployment in the country.
Published 08 Jan, 2017 12:00am
PTA, HEC to hold network design, security workshops from January 23

PTA, HEC to hold network design, security workshops from January 23

Pakistan Telecommunication Authority (PTA) and Higher Education Commission (HEC) are jointly conducting IPv6, DNSSEC, Campus Network Design & Security Workshops and conference, in collaboration with South Asian Network Operators Group (SANOG) at HEC, Isla
Published 08 Jan, 2017 12:00am
Siraj opposes plea-bargain option

Siraj opposes plea-bargain option

Jamaat-e-Islami leader Sirajul Haq strongly condemned on Saturday the government's move to bring an ordinance against plea-bargaining, calling it an insult to parliament. He said in a published statement that if the government really wanted to end the pra
Published 08 Jan, 2017 12:00am
Zardari condoles Lakho's death

Zardari condoles Lakho's death

Former president Asif Ali Zardari has expressed profound grief and sorrow over the passing away of Abdul Hafeez Lakho, renowned lawyer and former Advocate General Sindh who died in Karachi early Saturday morning. Abdul Hafeez Lakho served as a counsel of
Published 08 Jan, 2017 12:00am
Capex cuts to magnify metal shortages created by low quality ore

Capex cuts to magnify metal shortages created by low quality ore

Successive annual cuts in mining exploration budgets are expected to add impetus to a metal price revival in the coming years, as a lack of investment exacerbates deteriorating ore quality for key metals such as copper, zinc and nickel. Despite political
Published 08 Jan, 2017 12:00am
Weak US soya export sales fuel fears of demand slowdown

Weak US soya export sales fuel fears of demand slowdown

US soyabean export sales slid to their lowest in the current marketing year last week, the US Department of Agriculture said on Friday, fuelling concerns among analysts and traders that formerly sizzling demand is cooling down. Exporters in the week ended
Published 08 Jan, 2017 12:00am
USDA switches destinations for US soya to China, other buyers

USDA switches destinations for US soya to China, other buyers

US soyabean export sales hit a marketing-year low last week, the US Department of Agriculture said on Friday in a report that revealed China and other importers will take crops previously listed as sold to undisclosed buyers. The relabeling of destination
Published 08 Jan, 2017 12:00am
China's sugar output at more than 2.3 million tonnes by December

China's sugar output at more than 2.3 million tonnes by December

China's 2016/17 sugar production had reached more than 2.3 million tonnes by December, the state planner said on Friday, citing data from the China Sugar Association. The National Development and Reform Commission did not give comparable figures for last
Published 08 Jan, 2017 12:00am
Cautious optimism in Canada energy patch favours light oil producers

Cautious optimism in Canada energy patch favours light oil producers

Canadian light oil producers are in a better position than oil sands heavyweights to benefit from the cautious optimism trickling into the energy industry, thanks to improvements in operating efficiency and two years of steep cost cutting. Companies inclu
Published 08 Jan, 2017 12:00am
ICE cotton marginally up, registers best week since mid-November
Cotton

ICE cotton marginally up, registers best week since mid-November

ICE cotton futures edged higher on Friday on investor buying after slipping and the natural fiber recorded its best week since mid-November. "This morning, it seemed that the slight adverse movement in the fundamentals was causing the funds to sell some o
Published 08 Jan, 2017 12:00am
Coking coal surge may extend if China cracks down on North Korea

Coking coal surge may extend if China cracks down on North Korea

The already elevated price of coking coal could be boosted further if China decides to crack down on coal imports from its nuclear-armed neighbour North Korea. The United Nations Security Council last week imposed fresh sanctions on North Korea, limiting
Published 08 Jan, 2017 12:00am
Saudi Arabia, Russia to diverge on speed of oil output cuts

Saudi Arabia, Russia to diverge on speed of oil output cuts

OPEC and non-OPEC members have pledged to cut their combined oil production by an average of just over 1.7 million barrels per day (bpd) in the first six months of 2017. Saudi Arabia and its Gulf allies are expected to implement most of their cuts immedia
Published 08 Jan, 2017 12:00am
Global coffee exports climb 13.6 percent

Global coffee exports climb 13.6 percent

Global coffee exports rose 13.6 percent in November from a year earlier to total 9.94 million 60-kg bags, the International Coffee Organization (ICO) said on Friday. For the first two months of the 2016/17 season, which began on October 1 last year, coffe
Published 08 Jan, 2017 12:00am
Afghanistan welcomes return of US Marines to Helmand

Afghanistan welcomes return of US Marines to Helmand

Afghanistan on Saturday welcomed the Pentagon's decision to deploy some 300 US Marines to the volatile province of Helmand, where American forces engaged in heated combat until their mission ended in 2014. The Marines will head to the poppy-growing southe
Published 08 Jan, 2017 12:00am
18 dead as torrential rains submerge Thai south

18 dead as torrential rains submerge Thai south

Heavy rains continued to hammer Thailand's flood-ravaged south on Saturday, bringing the death toll up to 18 and leaving thousands of villages partially submerged, authorities said. The flooding, which was roof-high in some areas, has affected nearly one
Published 08 Jan, 2017 12:00am
18 dead as torrential rains submerge Thai south

18 dead as torrential rains submerge Thai south

Heavy rains continued to hammer Thailand's flood-ravaged south on Saturday, bringing the death toll up to 18 and leaving thousands of villages partially submerged, authorities said. The flooding, which was roof-high in some areas, has affected nearly one
Published 08 Jan, 2017 12:00am
Iraq forces near Tigris River in Mosul: spokesman

Iraq forces near Tigris River in Mosul: spokesman

Iraqi forces battling the Islamic State group in Mosul are approaching the Tigris River, which runs through the centre of the city, the spokesman for the Counter-Terrorism Service said Saturday. Iraq launched a massive operation on October 17 to retake Mo
Published 08 Jan, 2017 12:00am
Work together for change, Obama says in farewell preview

Work together for change, Obama says in farewell preview

President Barack Obama on Saturday spoke about the importance of ordinary people working together for change in a preview of the farewell address he will deliver in Chicago next week. Many departing US presidents have given farewell addresses as they leav
Published 08 Jan, 2017 12:00am
Shots heard inside military camp in Ivory Coast's Abidjan

Shots heard inside military camp in Ivory Coast's Abidjan

Gunshots rang out inside a military base in an upscale neighbourhood of Abidjan on Saturday in the latest bout of unrest following a mutiny by troops in the north over wages. "Shots were heard here in Abidjan at the Akouedo military base," a newsflash on
Published 08 Jan, 2017 12:00am
Thousands demonstrate in Paris over murder of Kurdish militants

Thousands demonstrate in Paris over murder of Kurdish militants

Several thousand people demonstrated in Paris on Saturday to demand justice and a speedier investigation into the 2013 murder of three Kurdish activists. Sakine Cansiz, a founder of the Kurdistan Workers Party (PKK) in the early 1980s, and two other Kurdi
Published 08 Jan, 2017 12:00am
Palestinians bury alleged assailants killed in attacks

Palestinians bury alleged assailants killed in attacks

Around 1,500 mourners attended the funerals Saturday in the West Bank city of Hebron of two alleged Palestinian assailants killed by Israeli troops last year. Hatem Shaludi, 25, and 16-year-old Mohammed Rajabi were both shot dead in September during separ
Published 08 Jan, 2017 12:00am
Portuguese ex-president Mario Soares dies aged 92

Portuguese ex-president Mario Soares dies aged 92

Portugal's former president Mario Soares, widely seen as the father of the country's modern-day democracy, died Saturday aged 92 in Lisbon, a fortnight after being admitted to hospital. The founder of Portugal's Socialist party, Soares spent decades in po
Published 08 Jan, 2017 12:00am
Akufo-Addo takes oath as Ghana's new president
Currency

Akufo-Addo takes oath as Ghana's new president

Nana Akufo-Addo was sworn in as Ghana's new president on Saturday, promising to stamp out government corruption and kickstart the private sector. The 72-year-old former human rights lawyer took the oath of office at a ceremony in Independence Square in th
Published 08 Jan, 2017 12:00am
Indian lawmaker arrested for raping minor girl

Indian lawmaker arrested for raping minor girl

Indian police have arrested a lawmaker from northeastern Meghalaya state on charges of raping a 14-year-old trafficked girl, an officer said on Saturday. Julius Dorphang, a militant commander turned legislator, was arrested in neighbouring Guwahati city l
Published 08 Jan, 2017 12:00am
SpaceX set to launch again Monday

SpaceX set to launch again Monday

SpaceX plans to resume flights of its Falcon 9 rocket on Monday, after pinning down the cause of a launchpad explosion that destroyed a satellite in September, a spokesman said. The California-based private space firm is expected to launch 10 Iridium NEXT
Published 08 Jan, 2017 12:00am
Taiwan president heads to US as Beijing watches

Taiwan president heads to US as Beijing watches

Taiwan's President Tsai Ing-wen left for the United States Saturday on her way to Central America, a trip that will be scrutinised by China, incensed by her congratulatory call to Donald Trump. While the focus of the nine-day trip is to bolster relations
Published 08 Jan, 2017 12:00am
Florida airport reopens after five shot dead

Florida airport reopens after five shot dead

Florida's Fort Lauderdale International Airport was open again Saturday after a shooting rampage by an Iraq war veteran that killed five people, wounded eight, and sent thousands scrambling for safety. Police identified the suspect as 26-year-old Esteban
Published 08 Jan, 2017 12:00am
Turkey parliament to debate expanding Erdogan powers

Turkey parliament to debate expanding Erdogan powers

Turkey's parliament will next week start a fortnight of debates on a controversial new constitution aimed at expanding the powers of the presidency under Recep Tayyip Erdogan, state media said on Saturday. The new constitution, which will replace the basi
Published 08 Jan, 2017 12:00am
Hong Kong rebel lawmakers met with protests in Taiwan

Hong Kong rebel lawmakers met with protests in Taiwan

Pro-China protesters waving placards reading "Independence will get you nowhere" greeted Hong Kong pro-democracy activist Joshua Wong and three rebel lawmakers as they arrived in Taipei Saturday. Wong, along with Hong Kong legislators Nathan Law, Eddie Ch
Published 08 Jan, 2017 12:00am
Iraq Prime Minister says Turkish troop problem solved soon

Iraq Prime Minister says Turkish troop problem solved soon

Iraq and Turkey's prime ministers held talks Saturday in Baghdad which both said reflected progress in resolving a bitter row over the presence of Turkish troops in northern Iraq. Iraqi Prime Minister Haider al-Abadi said at a joint press conference after
Published 08 Jan, 2017 12:00am
Frenchman acquitted of aiding migrants

Frenchman acquitted of aiding migrants

A French court on Friday acquitted a man for helping migrants who had sneaked into the country from Italy as immigration issues play a major role ahead of this year's elections. "In France today we have the right to save people in distress," said research
Published 08 Jan, 2017 12:00am
Bus crashes kill 19 in Morocco, Algeria

Bus crashes kill 19 in Morocco, Algeria

Two major bus crashes in Morocco and Algeria killed a total of 19 people early Saturday and injured almost three dozen more, media reported. The worst accident took place in southern Morocco when a truck collided with a passenger bus on a highway near the
Published 08 Jan, 2017 12:00am
Turkey dismisses over 8,000 in new wave of post-coup purges

Turkey dismisses over 8,000 in new wave of post-coup purges

Turkey on Saturday ordered the dismissal of almost 8,400 civil servants and the closure of over 80 associations, including sports clubs, in the latest round of purges after the July failed coup. More than 100,000 people have already been suspended or sack
Published 08 Jan, 2017 12:00am
Six arrested over murder of Burundi minister

Six arrested over murder of Burundi minister

Burundi authorities have arrested six people in connection with the murder of the country's environment minister, the prosecutor general said Saturday. Emmanuel Niyonkuru, 54, the country's water, environment and planning minister, was shot dead shortly a
Published 08 Jan, 2017 12:00am
South Korea protestors demand president's removal, ferry salvage

South Korea protestors demand president's removal, ferry salvage

Hundreds of thousands of protestors returned to the streets of Seoul Saturday, demanding impeached President Park Geun-Hye's immediate removal and the salvaging of a sunken ferry which left more than 300 dead. Park was impeached by parliament last month o
Published 08 Jan, 2017 12:00am
Chad ex-leader Habre set to appeal war crimes conviction

Chad ex-leader Habre set to appeal war crimes conviction

Chad's former president Hissene Habre will on Monday begin an appeal against his life sentence for war crimes and crimes against humanity - a verdict hailed as a landmark for Africa. The Extraordinary African Chambers, a body created by Senegal and the Af
Published 08 Jan, 2017 12:00am
Australia whitewash Pakistan with Sydney Test win

Australia whitewash Pakistan with Sydney Test win

Australia clinched a series clean sweep with an emphatic 220-run win over Pakistan in the third Test in Sydney on Saturday. The tourists were all out shortly before tea on the final day for 244 chasing 465 runs with paceman Josh Hazlewood and spinner Stev
Published 08 Jan, 2017 12:00am
Rooney 'proud' to equal Charlton goal mark

Rooney 'proud' to equal Charlton goal mark

Manchester United captain Wayne Rooney spoke of his pride after equalling the great Bobby Charlton's club scoring record on Saturday with his 249th United goal. Rooney, 31, set United on the way to a 4-0 FA Cup win over Reading in the seventh minute at Ol
Published 08 Jan, 2017 12:00am
Ronaldo celebrates as record-equalling Madrid cruise

Ronaldo celebrates as record-equalling Madrid cruise

Cristiano Ronaldo paraded his fourth Ballon d'Or and powered home his first goal of 2017 as Real Madrid equalled Barcelona's Spanish record 39-game unbeaten run with a 5-0 demolition of lowly Granada on Saturday. The Portuguese was honoured by previous Ba
Published 08 Jan, 2017 12:00am
Smith warns of 'difficult series' in India

Smith warns of 'difficult series' in India

Skipper Steve Smith is switching his focus to the difficult challenges confronting his new revamped team in India after polishing off a Test series clean sweep over Pakistan on Saturday. Australia crushed the tourists by 220 runs by tea on the final day i
Published 08 Jan, 2017 12:00am
Gasquet powers France to title

Gasquet powers France to title

A gallant Richard Gasquet led France to its second title at the mixed teams Hopman Cup in Perth on Saturday. The 30-year-old gave the French the lead in the tie with a brave win in the singles, before dominating the deciding mixed doubles as he and Kristi
Published 08 Jan, 2017 12:00am
Almost perfect Pliskova demolishes Cornet

Almost perfect Pliskova demolishes Cornet

Karolina Pliskova stamped herself as a major contender for the Australian Open with a 6-0, 6-3 demolition of France's Alize Cornet in the final of the Brisbane International on Saturday. The third-seeded Czech played almost perfect tennis in the first set
Published 08 Jan, 2017 12:00am
China can become world's top league

China can become world's top league

The big-spending Chinese Super League is on track to become the world's dominant football championship, the head of a leading sports marketing firm predicted in an AFP interview. China has made global headlines in recent weeks thanks to jaw-dropping megab
Published 08 Jan, 2017 12:00am
Speculators lift US dollar bets for third week
Currency

Speculators lift US dollar bets for third week

Speculators boosted net long bets on the dollar for a third straight week on expectations of multiple US rate hikes by the Federal Reserve this year, according to data from the Commodity Futures Trading Commission and calculations by Reuters. The value of
Published 08 Jan, 2017 12:00am
Azerbaijan plans to fully float its currency in 2017
Currency

Azerbaijan plans to fully float its currency in 2017

Azerbaijan plans to fully float its currency, the manat, starting next year, the head of the country's central bank told reporters on Monday. Azerbaijan adopted a managed float earlier this year as the price of oil slumped, to ease pressure on its foreign
Published 08 Jan, 2017 12:00am
Dollar up as solid US jobs report sets stage for Fed hikes
Currency

Dollar up as solid US jobs report sets stage for Fed hikes

The dollar rose on Friday, boosted by a solid US jobs report, after tumbling the day before on mixed US economic data and apparent action by Chinese authorities to shore up the yuan. The dollar gained broadly against major currencies after the US non-farm
Published 08 Jan, 2017 12:00am
US dollar to extend rally in 2017, may hit one-to-one with euro
Currency

US dollar to extend rally in 2017, may hit one-to-one with euro

The US dollar will keep strengthening against the euro with even chances of reaching parity this year, a Reuters poll showed on Friday, on expectations that President-elect Donald Trump's planned tax cuts will force interest rates higher. It was also expe
Published 08 Jan, 2017 12:00am
Canadian dollar pares gains

Canadian dollar pares gains

The Canadian dollar pulled back to end barely stronger against its US counterpart on Friday after touching its strongest in more than three weeks following surprisingly strong employment and trade data. The Canadian dollar settled at C$1.3232 to the green
Published 08 Jan, 2017 12:00am
Indian rupee to fall to record low
Currency

Indian rupee to fall to record low

The Indian rupee is expected to fall further against the US dollar this year to a record low, hit by rising global bond yields and an economic blow from New Delhi's dramatic currency crackdown launched two months ago, a Reuters poll found. The rupee perfo
Published 08 Jan, 2017 12:00am
Boosted by Apple, Wall Street parties like it's 19,999

Boosted by Apple, Wall Street parties like it's 19,999

The Dow came within one point of 20,000 for the first time on Friday and the Nasdaq and S&P 500 reached record highs, boosted by Apple, extending a two-month rally fuelled by optimism about US President-elect Donald Trump. Apple climbed 1.1 percent after
Published 08 Jan, 2017 12:00am
Treasuries outlook: yields advance after US jobs data shows wage growth

Treasuries outlook: yields advance after US jobs data shows wage growth

US Treasury debt yields rallied from multiweek lows on Friday after data showed a rebound in US wages last month despite a smaller-than-expected jobs gain, which could drive the Federal Reserve to consider raising interest rates as early as the first quar
Published 08 Jan, 2017 12:00am
Treasuries outlook: yields advance after US jobs data shows wage growth

Treasuries outlook: yields advance after US jobs data shows wage growth

US Treasury debt yields rallied from multiweek lows on Friday after data showed a rebound in US wages last month despite a smaller-than-expected jobs gain, which could drive the Federal Reserve to consider raising interest rates as early as the first quar
Published 08 Jan, 2017 12:00am
Miners lead TSX retreat
Currency

Miners lead TSX retreat

Canada's main stock index fell on Friday, with gold miners and other materials stocks leading a broad retreat from a three-day rally that saw the index approach an all-time high to start the year. The Toronto Stock Exchange's S&P/TSX composite index ended
Published 08 Jan, 2017 12:00am
ECB slashes purchases of Portuguese debt

ECB slashes purchases of Portuguese debt

The European Central Bank bought far fewer Portuguese government bonds last month than its rules dictate, reducing its support for a country where government borrowing costs are rising and the economic outlook is uncertain. The ECB has bought 1.53 trillio
Published 08 Jan, 2017 12:00am
ECB slashes purchases of Portuguese debt

ECB slashes purchases of Portuguese debt

The European Central Bank bought far fewer Portuguese government bonds last month than its rules dictate, reducing its support for a country where government borrowing costs are rising and the economic outlook is uncertain. The ECB has bought 1.53 trillio
Published 08 Jan, 2017 12:00am
Gulf stock listings nosedive in 2016

Gulf stock listings nosedive in 2016

Stock markets in the energy-rich Gulf saw a sharp drop in the number of initial public offerings in 2016, as well as the value of listings, a report said Wednesday. Only three IPOs were made in the region last year, half the number recorded in 2015 and th
Published 08 Jan, 2017 12:00am
France to launch inaugural 'green' bond this month

France to launch inaugural 'green' bond this month

France aims to launch its first "green" bond by the end of the month, Finance Minister Michel Sapin said on Tuesday, as the government seeks to make Paris a centre for financing environmentally friendly projects. As host of the 2015 Paris Agreement to com
Published 08 Jan, 2017 12:00am
France to launch inaugural 'green' bond this month

France to launch inaugural 'green' bond this month

France aims to launch its first "green" bond by the end of the month, Finance Minister Michel Sapin said on Tuesday, as the government seeks to make Paris a centre for financing environmentally friendly projects. As host of the 2015 Paris Agreement to com
Published 08 Jan, 2017 12:00am
Ireland sells four billion euros of debut 20-year bond

Ireland sells four billion euros of debut 20-year bond

Ireland raised 4 billion euros ($4.17 billion) at its first-ever 20-year bond sale on Wednesday, drawing more than twice as much demand in a syndicated deal that covered over a third of its minimum funding needs for the year. It sold the benchmark bond at
Published 08 Jan, 2017 12:00am
Ireland sells four billion euros of debut 20-year bond

Ireland sells four billion euros of debut 20-year bond

Ireland raised 4 billion euros ($4.17 billion) at its first-ever 20-year bond sale on Wednesday, drawing more than twice as much demand in a syndicated deal that covered over a third of its minimum funding needs for the year. It sold the benchmark bond at
Published 08 Jan, 2017 12:00am
No Brexit panic yet as foreigners buy UK bonds at record pace
Currency

No Brexit panic yet as foreigners buy UK bonds at record pace

Britain's shock vote to leave the European Union has yet to scare off overseas investors, who are snapping up British government bonds at the fastest pace on record, figures on Wednesday showed. This suggests that foreigners have doubled down on gilts and
Published 08 Jan, 2017 12:00am
No Brexit panic yet as foreigners buy UK bonds at record pace
Currency

No Brexit panic yet as foreigners buy UK bonds at record pace

Britain's shock vote to leave the European Union has yet to scare off overseas investors, who are snapping up British government bonds at the fastest pace on record, figures on Wednesday showed. This suggests that foreigners have doubled down on gilts and
Published 08 Jan, 2017 12:00am
Brazil stocks seen near all-time high in 2017, outperforming Mexico

Brazil stocks seen near all-time high in 2017, outperforming Mexico

Brazilian shares will probably extend their rise to approach all-time highs in 2017, outperforming Mexican stocks, as inflation and interest rates fall, a Reuters poll showed. The median forecast of 13 strategists in the poll taken between November 28 and
Published 08 Jan, 2017 12:00am
Investors balk at 'squeezed middle' of UK retail firms
Currency

Investors balk at 'squeezed middle' of UK retail firms

The worst start to a trading year for Next PLC shares since 1991 underscores the plight of mid-tier UK retailers hit by a combination of fierce online competition and higher costs driven by a weaker pound. Traditional British stores, particularly those re
Published 08 Jan, 2017 12:00am
Fed's Powell says signs of financial excess are 'isolated'

Fed's Powell says signs of financial excess are 'isolated'

Low interest rates have helped the Federal Reserve get close to meeting its goals for employment and inflation and have yet to create financial instability, Federal Reserve Governor Jerome Powell said on Saturday. "Low rates can lead to excessive leverage
Published 08 Jan, 2017 12:00am
Kuwait Stock Exchange appoints new chairman

Kuwait Stock Exchange appoints new chairman

The Kuwait Stock Exchange has selected a new chairman for its board of directors, following the appointment of its previous chairman as oil minister in December, it said in a statement on Saturday. The bourse named as chairman Mohammed Ahmed Alsaqqaf, a m
Published 08 Jan, 2017 12:00am
Hundreds protest as Sri Lanka launches Chinese industrial zone

Hundreds protest as Sri Lanka launches Chinese industrial zone

Sri Lanka police fired teargas to disperse hundreds of people protesting the launch Saturday of a special industrial zone in the island's south that hopes to attract billions of dollars in Chinese investment. Protesters pelted government supporters with s
Published 08 Jan, 2017 12:00am
Donor to PM May's party says to cut funds if single market access lost

Donor to PM May's party says to cut funds if single market access lost

A leading donor to Theresa May's Conservative Party warned on Saturday he would cut his financial support if the government pulled Britain out of the European single market as part of Brexit negotiations. Andrew Cook, chairman of engineering firm William
Published 08 Jan, 2017 12:00am
Britain's health service in a 'humanitarian crisis': Red Cross

Britain's health service in a 'humanitarian crisis': Red Cross

Britain's health service is engulfed in a "humanitarian crisis" that requires the support of the Red Cross to use Land Rovers to transport patients, the charity said on Saturday. Founded in 1948, the National Health Service (NHS) is a source of huge pride
Published 08 Jan, 2017 12:00am
Cities vie to hop on super-speedy hyperloop rail

Cities vie to hop on super-speedy hyperloop rail

US startup Hyperloop One on Friday disclosed a list of locations around the world vying to put near-supersonic rail transit system to the test. The startup company keen to revolutionize the way people and cargo travel said that 35 contenders remained from
Published 08 Jan, 2017 12:00am
Robots show their 'personality' at big tech show

Robots show their 'personality' at big tech show

Professor Einstein rolls his eyes, sticks out his tongue, and can give a simple explanation of the theory of relativity. With his lifelike rubbery "skin" and bushy mustache, he can almost make you forget he's a robot. The Einstein robot is among dozens ro
Published 08 Jan, 2017 12:00am
VW near $2 billion US criminal settlement in 'dieselgate'

VW near $2 billion US criminal settlement in 'dieselgate'

Volkswagen is close to a deal to pay $2 billion to settle a US criminal investigation into the emissions-cheating scandal involving its diesel cars, the New York Times reported Friday. A settlement between the US Department of Justice and the German auto
Published 08 Jan, 2017 12:00am
Famed London club Fabric reopens after drugs deaths

Famed London club Fabric reopens after drugs deaths

Legendary London nightclub Fabric, which closed in September following the drugs death of two teenagers, reopened on Friday with new, tougher security measures. Globally renowned for its drum and bass, techno and house nights and a pillar of London's danc
Published 08 Jan, 2017 12:00am
Brazilian soya export premiums nearly double
Currency

Brazilian soya export premiums nearly double

Brazilian soyabean export premiums have nearly doubled from a year ago as a stronger currency encouraged local producers to delay sales of an expected record crop, Thomson Reuters data showed on Thursday. Export premiums rose to 57 cents a bushel over Feb
Published 08 Jan, 2017 12:00am
US natural gas futures edge higher

US natural gas futures edge higher

US natural gas futures edged higher on Thursday ahead of the weekly storage report expected to show a small draw during the warmer-than-normal Christmas and New Year's holiday week. Traders noted the small price increase came amid steady forecasts for the
Published 08 Jan, 2017 12:00am
Vietnam upbeat on coffee higher prices

Vietnam upbeat on coffee higher prices

Farmers in Vietnam, the world's top robusta producer, released beans to cash in on rising prices ahead of the country's biggest holiday, traders said on Thursday. Traders quoted robusta grade 2, 5-pct black and broken at discounts of $65-$70 a tonne to th
Published 08 Jan, 2017 12:00am
US Midwest soyabean bids widely mixed

US Midwest soyabean bids widely mixed

Soyabean spot basis bids were widely mixed at US Midwest processing plants and river terminals on Thursday as slow farmer sales supported bids in some areas while reduced demand for soyabean exports and for soyameal weighed elsewhere, dealers said. The so
Published 08 Jan, 2017 12:00am
Palm oil mixed on European vegoils market

Palm oil mixed on European vegoils market

Asking prices for palm oil on the European vegetable oils market were mixed on Thursday with some concerns over production and supplies easing the pressure from weaker Malaysian palm oil futures. Palm oil was mostly offered between $5 a tonne up and $5 do
Published 08 Jan, 2017 12:00am
Canadian canola futures flat

Canadian canola futures flat

ICE Canadian canola futures settled mostly unchanged on Thursday pressured by a stronger Canadian dollar but underpinned by limited farmer sales. March canola ended unchanged at $503.60 per tonne. Funds liquidated the last of their long position in the Ma
Published 08 Jan, 2017 12:00am
Turkmenistan limits natural gas supplies to Iran

Turkmenistan limits natural gas supplies to Iran

Turkmenistan has limited natural gas supplies to Iran since January 1 over unpaid past deliveries, the Turkmen Foreign Ministry said on Tuesday, a day after Iran said supplies through a cross-border pipeline had been cut off. The ministry said Ashgabat, w
Published 08 Jan, 2017 12:00am
Taiwan buys 65,000 tonnes of US corn

Taiwan buys 65,000 tonnes of US corn

Taiwan's maize industry procurement association MFIG purchased around 65,000 tonnes of corn thought likely to be sourced from the United States in an international tender which closed on Thursday, European traders said. The corn was all purchased at a pre
Published 08 Jan, 2017 12:00am
Freight rates for large capesize dry cargo likely to stay firm

Freight rates for large capesize dry cargo likely to stay firm

Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain firm for at least two more weeks as bad weather conditions in China and Australia help tighten the supply of ships available for charter, ship brokers said. That cam
Published 08 Jan, 2017 12:00am
Cotton prices soar on slow business
Cotton

Cotton prices soar on slow business

An upward trend persisted on the cotton market on Saturday in the process of slow business activity, dealers said. The official spot rate picked up Rs 50 to Rs 6350, dealers said. In Sindh, seed cotton prices were unmoved at Rs 2800-3350, they said. In Pu
Published 08 Jan, 2017 12:00am
EU wheat futures rise to six-week high

EU wheat futures rise to six-week high

Euronext wheat futures edged higher on Thursday to set a six-week high in the wake of a weather-fuelled rally in US wheat but the European market was again capped by a sharp rebound in the euro and strong chart resistance. March milling wheat on Paris-bas
Published 08 Jan, 2017 12:00am
Asian naphtha inter-month spread turns positive

Asian naphtha inter-month spread turns positive

Asia's naphtha inter-month spread was at a slight backwardation on Thursday for the first time since December 16, supported by strong demand and traders' expectations of fewer Western cargoes coming to Asia in February. The spread between second-half Febr
Published 08 Jan, 2017 12:00am