News Archives for Latest - 2017-01-09

Life & Style

Mercedes-Benz overtakes BMW to become largest premium carmaker

STUTTGART: Mercedes-Benz sales overtook BMW last year for the first time in more than a decade, a feat achieved, ironically, only after parent company Daimler stopped chasing market share and focused on making stylish high-tech cars.

Updated 09 May, 2018 10:02pm

Industry

Toyota to invest $10 billion in U.S. over five years

DETROIT: Toyota Motor Corp will invest $10 billion in the United States over the next five years, the same as in the previous five years, North America Chief Executive Jim Lentz said on Monday, to meet demand and upgrade plants to build more fuel-efficien

Updated 08 May, 2018 01:23pm

North America

Controversial nuclear power plant near New York to close

NEW YORK: The controversial Indian Point nuclear plant near New York will close in 2021, a casualty of low energy prices and relentless criticism by environmentalists, the power company announced Monday.

Published 09 Jan, 2017 08:24pm

World Top News

KP govt to initiate 1200 MW power projects by June 2018

ISLAMABAD: Khyber Pakhtunkhwa (KP) government was planning to initiate various projects in hydro power sector to produce over 1200 MW of electricity before the end of current tenure of the provincial government, KP Minister for Energy Muhammad Atif said.

Published 09 Jan, 2017 08:22pm

North America

UN agency seeks $813 million to support Palestine refugees

UNITED NATIONS: With Palestinians in the Occupied Palestinian Territory including East Jerusalem and those who have fled the conflict in Syria, facing humanitarian crises, the United Nations Relief and Works Agency for Palestine Refugees in the Near East

Published 09 Jan, 2017 08:06pm

General News

CM condoles death of mother of cricketer Muhammad Irfan

LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif on Monday condoled the death of the mother of Muhammad Irfan, fast bowler of Pakistan's cricket team.

Published 09 Jan, 2017 08:05pm

Football

Ronaldo wins FIFA's player of the year award

ZURICH: Cristiano Ronaldo won FIFA's rebranded player of the year award on Monday, beating off his old rival Lionel Messi who was pulled out of the ceremony only a few hours earlier by his club Barcelona hours.

Published 09 Jan, 2017 07:36pm

Front Top News

Govt working to improve economy, foreign reserves, exports: Dar

ISLAMABAD: Finance Minister Senator Ishaq Dar said on Monday that the present government was making efforts to improve economy, foreign reserves and exports.

Published 09 Jan, 2017 07:02pm

General News

KP govt making efforts for transformation of universities: Khattak

PESHAWAR: Chief Minister Khyber Pakhtunkhwa, Pervez Khattak said the government was going all out for the transformation of universities into generating knowledge-based economy in order to achieve the set-goal of prosperous future of our youth.

Published 09 Jan, 2017 07:01pm

Pakistan Top News

Pakistan achieves successes in war against terrorism: Asif

ISLAMABAD: Minister for Defence Khawaja Muhammad Asif said on Monday that Pakistan had achieved immense successes in the war against terrorism which were highly appreciated and acknowledged at national and international levels.

Published 09 Jan, 2017 07:00pm

Energy

Oil down 3pc on concerns over rising Iraqi exports, US output

NEW YORK: Oil prices tumbled by 3 percent on Monday on concern that record Iraqi crude exports and rising US output would undermine OPEC's efforts to curb global oversupply.

Published 09 Jan, 2017 06:45pm

Europe

Euro zone yields fall on hard Brexit expectations

LONDON: Euro zone government bond yields fell on Monday after comments by British Prime Minister Theresa May fuelled expectations of a "hard Brexit" and increased demand for safe haven assets.

Published 09 Jan, 2017 06:44pm

Financial

Sterling slides after PM May reignites hard Brexit fears

LONDON: Sterling was on track for its biggest daily losses in three months on Monday, sliding around 1 percent to a 10-week low to the dollar after Prime Minister Theresa May said she was not interested in Britain keeping "bits" of its EU membership.

Published 09 Jan, 2017 06:43pm

Football

Soccer-Crouch signs one-year extension with Stoke City

LONDON: Former England striker Peter Crouch has signed a new one-year deal with Stoke City keeping him at the Premier League club to the end of next season.

Published 09 Jan, 2017 06:42pm

Financial

European shares slip as bank losses offset tech gains; FTSE hits new high

MILAN: European shares slipped on Monday as a pullback in bank stocks more than offset a stronger tech sector, while a drop in the pound drove Britain's FTSE 100 index to further record highs.

Published 09 Jan, 2017 06:41pm

Financial

FTSE 100 breaks fresh records on sterling weakness

LONDON: Britain's blue-chip index broke fresh records on Monday, pushed up by rallying resource stocks and a weak sterling.

Published 09 Jan, 2017 06:39pm

Financial

Portugal seeks to raise funds in toughest bond sale in years

LONDON: Portugal is seeking to raise funds through a syndicated sale of bonds just as a persistent banking crisis, reduced support from the European Central Bank and a sluggish economy have pushed its borrowing costs to one-year highs.

Published 09 Jan, 2017 06:39pm

Africa

West African leaders to visit Gambia president again amid crisis

ABUJA: The presidents of Nigeria, Sierra Leone and Liberia will visit Gambian President Yahya Jammeh on Wednesday in a second attempt to press him to hand over power, Nigeria's foreign minister Geoffrey Onyeama said on Monday.

Published 09 Jan, 2017 06:37pm

Commodities

Med Crude-Urals differentials unchanged in subdued trade

MOSCOW: Urals crude differentials to dated Brent in the Mediterranean and northwest Europe were stable on Monday in a muted trading window despite a drop in Russian oil production after OPEC's deal to cap global crude output.

Published 09 Jan, 2017 06:35pm

Industry

Fiat Chrysler may end Mexico output if Trump tariff too high

DETROIT: Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said on Monday that if tariffs set in a Trump administration on vehicles made in Mexico and imported to the United States are too high, the company may end Mexican production.

Published 09 Jan, 2017 06:35pm

Europe

Liberals rebuff Italy's 5-Star request to join them in EU parliament

BRUSSELS: The group of Liberals in the European Parliament rebuffed a request from Italy's anti-establishment 5-Star Movement to join them after they split with the anti-EU UK Independence Party (UKIP), the Liberals' leader said on Monday.

Published 09 Jan, 2017 06:33pm

Sports

Motor racing-Gutierrez to race in Formula E after F1 exit

MEXICO CITY: Mexican driver Esteban Gutierrez will compete in his home Formula E electric race in April after losing his Formula One seat at the U.

Published 09 Jan, 2017 06:33pm

Commodities

Zinc stronger on supply shortage, weak dollar

LONDON: Zinc rose to its highest level in three weeks on Monday as the dollar fell and on expectations of a continued shortage in supply for the metal used to galvanise steel.

Published 09 Jan, 2017 06:32pm

World Top News

Alibaba tells Trump about US store plan for China e-shoppers

NEW YORK: Alibaba Executive Chairman Jack Ma met US President-elect Donald Trump on Monday and laid out the Chinese e-commerce company's new plan to bring a million small US businesses onto its platform to sell to Chinese consumers over the next five

Published 09 Jan, 2017 06:31pm

Energy

W. Africa Crude-BPCL takes Nigerian, China snaps up Angolan

LONDON: Chinese demand for Angolan crude continued apace, and another Indian refiner booked Nigerian oil via a tender, but other spot trading was relatively quiet.

Published 09 Jan, 2017 06:29pm

Commodities

Soy rises on Argentine rains; wheat firms near 3-month high

CHICAGO: US soybean futures firmed on Monday, supported by some concerns about rain in parts of Argentina curtailing crop production from the world's third largest exporter of the oilseed, traders said.

Published 09 Jan, 2017 06:28pm

Pakistan

Govt focusing on equitable development of all provinces: Info Minister

ISLAMABAD: Minister of State for Information and Broadcasting Marriyum Aurangzeb has said that the government is equally focusing on development and prosperity of all provinces.

Published 09 Jan, 2017 04:12pm

Cricket

Did BCCI forced MS Dhoni to quit?

Mahinder Singh Dhoni stepped down from limited overs captaincy last week, opening doors for Virat Kohli just ahead of the upcoming Champions Trophy.

Published 09 Jan, 2017 03:27pm

Pakistan

PPP won't allow anyone to hold people hostage on gun point: Saeed Ghani

KARACHI: Advisor to Sindh Chief Minister on Labour and PPP Karachi Division General Secretary, Senator Saeed Ghani has said that people of Karachi should review their past when they supported a particular ethnic party, which in return ruined the city and

Published 09 Jan, 2017 03:20pm

Pakistan Top News

Meeting reiterates Pakistan's clear-cut policy of zero tolerance against terrorism

ISLAMABAD: A high-level meeting on Monday reiterated Pakistan's clear-cut policy of zero tolerance against terrorism and extremism to accomplish internal peace as well as supplement its foreign policy initiatives.

Published 09 Jan, 2017 02:52pm

Markets

Bullion Prices on Monday

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

Published 09 Jan, 2017 01:46pm

Financial

Dollar regains traction, sterling gets a Brexit bashing

LONDON: Talk of Britain drastically reworking trade ties with the European Union after Brexit sent the pound tumbling to two-month lows on Monday, as signals that U.

Published 09 Jan, 2017 01:40pm

Financial

European shares fall, sterling dives on Brexit comments

LONDON: The dollar edged up on Monday, boosted by robust U.

Published 09 Jan, 2017 01:37pm

Europe

Erdogan says sees better relations with US under Trump

ANKARA: President Tayyip Erdogan said on Monday he believes Turkey's dialogue with the United States will gain pace after President-elect Donald Trump takes office and that they will reach a consensus on regional issues.

Published 09 Jan, 2017 01:35pm

Cricket

Junaid Khan replaces Irfan for Australia ODIs

Fast bowler Junaid Khan has finally returned to International cricket after he was called for the One Day International (ODI) series against Australia as a replacement for Muhammad Irfan.

Published 09 Jan, 2017 01:32pm

Front Top News

Gen Bajwa, Commander US forces in Afghanistan visit Miranshah

%D%ARAWALPINDI: Commander Resolute Support Mission (RSM) and US Forces in Afghanistan General John W.

Published 09 Jan, 2017 01:28pm

Front Top News

PTI fails to prove allegations leveled on PML-N leadership: Daniyal

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) leader Daniyal Aziz Monday said that Pakistan Tehreek-e-Insaf (PTI) was trying to defame PML-N leadership through leveling false allegation in media but had failed to prove its stance in court.

Published 09 Jan, 2017 01:05pm

Markets

Market rates of bullion in Multan

MULTAN: Following bullion rates were received from markets here on Monday.

Published 09 Jan, 2017 01:01pm

Pakistan

Marvi inspects BISP's new poverty survey registration sites in Bahawalpur

BAHAWALPUR: Minister of State and Chairperson Benazir Income Support Programme (BISP) Marvi Memon Monday inspected BISP's new poverty survey registration sites and payment points in Bahawalpur.

Published 09 Jan, 2017 01:01pm

Front Top News

Pakistan successfully test fires submarine launched cruise missile Babur-3

%D%ARAWALPINDI: Pakistan conducted its first successful test fire of Submarine Launched Cruise Missile (SLCM) Babur-3 having a range of 450 kilometers, from an undisclosed location in the Indian Ocean.

Published 09 Jan, 2017 12:56pm

Business & Economy

Exports witness 3.82 percent decrease in six months

ISLAMABAD: The exports from the country during July-December 2016-17 were recorded at $9.

Published 09 Jan, 2017 12:56pm

Business & Economy

Shipping activity at Port Qasim

KARACHI: Three ships HS Wagner, Kaimon Galaxy and Distya Ameya carrying containers, chemicals and furnace oil were arranged berthing at Qasim International Container Terminal, Engro Vopak Terminal and FOTCO Oil Terminal respectively on Sunday.

Published 09 Jan, 2017 12:55pm

Front Top News

Iran to expand military spending, develop missiles

%DUBAI: Iranian lawmakers approved plans on Monday to expand military spending to five percent of the budget, including developing the country's long-range missile programme which US President-elect Donald Trump has pledged to halt.

Published 09 Jan, 2017 11:58am

Life & Style

Actor Salman Khan accused of being an ISI agent

After his ouster from the controversial reality show Bigg Boss 10, contestant Swami Om has not surprised us a bit.

Published 09 Jan, 2017 11:54am

Arts

Turkish singer to join Abida Perveen in Sufi song collaboration

ISLAMABAD: Famous Turkish Singer, Goodwill Ambassador Ersin Faikzade would sing a song with renowned Pakistani singer Abida Perveen.

Published 09 Jan, 2017 11:53am

General News

FIA Committee to further probe Khanani & Kalia, Axact cases reach Karachi

ISLAMABAD: A special Committee formed on directions of Minister for Interior, Chaudhry Nisar Ali Khan to further investigate Khanani and Kalia and Axact cases on Monday reached Karachi.

Published 09 Jan, 2017 11:47am

Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Monday having 49039.

Published 09 Jan, 2017 10:54am

Cricket

After Aussie whitewash, Imran has good news for cricket fans

Pakistan cricket team has been under fire after their dismal show against the Australians as the visitors were whitewashed in the series 3-0.

Published 09 Jan, 2017 10:51am

Life & Style

Sultan Rahi remembered on his 21st death anniversary

ISLAMABAD: Renowned film actor Sultan Rahi was remembered on his 21st death anniversary on Monday.

Published 09 Jan, 2017 10:35am

Front Top News

Panamagate case: SC confronts PTI counsel for raising new issues

%D%AISLAMABAD: The Supreme Court confronted Pakistan Tehreek-e-Insaf (PTI) counsel Naeem Bukhari for raising new issues and questions but not taking them to logical conclusion during the hearing of Panamagate case here on Monday.

Published 09 Jan, 2017 10:31am

Life & Style

Hollywood actress' amusing response on finding her face on Pakistani hair dye brand

Batman and Robin actress Alicia Silverstone gives an amusing response on finding her face on a Pakistani local hair dye brand.

Published 09 Jan, 2017 10:29am

General News

PM condoles death of Iran's ex-President Rafsanjani

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Monday expressed deep grief over the death of former President of Iran Akbar Hashemi Rafsanjani, who breathed his last yesterday in Tehran.

Published 09 Jan, 2017 10:24am

Arts

Indian women plan protests against mass molestation and victim-blaming

MUMBAI: Women's groups in India are planning nationwide rallies on Jan 21 to protest the alleged mass molestation in the city of Bengaluru on New Year's eve, and subsequent comments by politicians blaming the women for the crime.

Published 09 Jan, 2017 10:24am

Football

Messi to the rescue, but Barca lose ground on Madrid

MADRID: Barcelona's poor start to 2017 continued as they lost further ground on Real Madrid at the top of La Liga despite a sensational last minute Lionel Messi free-kick salvaging a 1-1 draw at Villarreal on Sunday.

Published 09 Jan, 2017 10:23am

World

Venezuela boosts minimum wage by 50pc

CARACAS: Embattled President Nicolas Maduro on Sunday raised the minimum wage by 50 percent in Venezuela, a country with astronomical inflation.

Published 09 Jan, 2017 10:16am

World Top News

Syrian President Bashar ready to negotiate on 'everything'

BEIRUT: Syrian President Bashar al-Assad said his government is ready to negotiate on "everything" in proposed peace talks in Kazakhstan but it was not yet clear who would represent the opposition and no date had been set.

Published 09 Jan, 2017 10:14am

World

Fiat Chrysler announces creation of 2,000 US jobs

WASHINGTON: Fiat Chrysler on Sunday announced it was creating 2,000 jobs in the United States, coming as President-elect Donald Trump has been publicly scolding automakers for investing in Mexico.

Published 09 Jan, 2017 10:14am

Europe

Six months in, Brexit shadow looms over PM May

LONDON: British Prime Minister Theresa May was hailed as a steadying influence when she took over a country deeply divided by the EU referendum, but six months later she is facing widespread criticism for her apparent Brexit indecision.

Published 09 Jan, 2017 10:12am

North America

US arrests VW executive on fraud charges: report

WASHINGTON: FBI agents have arrested a Volkswagen executive on conspiracy charges in relation to the 'dieselgate' emissions-cheating scandal, The New York Times reported Monday.

Published 09 Jan, 2017 10:10am

Industry

McDonald's sells China operations for $2.08bn

BEIJING: US fast-food giant McDonald's will sell a controlling stake in its mainland China and Hong Kong franchise business to a consortium of Citic Group and the Carlyle Group for up to $2.

Published 09 Jan, 2017 10:08am

Life & Style

Meryl Streep tears into Trump in Golden Globes speech

BEVERLY HILLS: Actress Meryl Streep turned a Golden Globe acceptance speech into a scathing attack on US President-elect Donald Trump, saying she had been heartbroken by his imitation of a disabled reporter during his campaign.

Published 09 Jan, 2017 10:07am

Pakistan Top News

Indian military camp attacked in IoK, 3 killed

SRINAGAR: Several unidentified suspected militants attacked a camp housing road construction workers in the Indian occupied Jammu and Kashmir (IoK) on Monday, killing three labourers before fleeing, said police in the restive region.

Published 09 Jan, 2017 10:03am

Miscellaneous

Non-debt inflows: Beaten black and blue

Monetary diplospeak may not always be a good thing.

Published 09 Jan, 2017 10:01am

Business & Economy

Economic indicators show positive growth in first half

ISLAMABAD: Despite several challenges, the macroeconomic stability has been achieved and now the economy is on trajectory path as suggested by many economic indicators.

Published 09 Jan, 2017 10:00am

Miscellaneous

Rewarding dishonesty: do amnesty schemes work?

Pakistani governments are fond of pardoning corrupt behavior, and since 1958, time and again, several amnesty schemes have been introduced repeatedly and unsuccessfully aimed to bring more citizens, businesses, investors and traders into the tax net and i

Published 09 Jan, 2017 09:59am

Miscellaneous

New Year: bulls still in control

After a bumper 2016, the bulls have taken control during the first week of the new-year as well.

Published 09 Jan, 2017 09:59am

Featured Photos

Monday Monochromes - Storms IX by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:58am

Miscellaneous

Dying jute industry

One sub-sector in our textile industry that goes highly unnoticed is jute.

Published 09 Jan, 2017 09:58am

Featured Photos

Monday Monochromes - StormsVIII by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:57am

Featured Photos

Monday Monochromes - Storms VII by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:55am

Featured Photos

Monday Monochromes - Storms VI by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:53am

Featured Photos

Monday Monochromes - Storms V by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:50am

Featured Photos

Monday Monochromes - Storms IV by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:49am

Featured Photos

Monday Monochromes - Storms III by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:44am

Featured Photos

Monday Monochromes - Storms II by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:39am

Featured Photos

Monday Monochromes - Storms by Mitch Dobrowner

Photo Credit : Mitch Dobrowner%D%AMitch Dobrowner is a fine art photographer and stormchaser, who was born in Long Island (Bethpage) New York and currently lives and works in Studio City, California.

Published 09 Jan, 2017 09:37am

Sports

Mike Tyson enters into the battle of rappers

Legendry boxing heavyweight Mike Tyson has entered into one of the most bizarre fights of the games history.

Published 09 Jan, 2017 09:04am

Life & Style

Om Puri did not die natural death

Legendary Bollywood actor Om Puris death came as a shocker for fans around the globe.

Published 09 Jan, 2017 08:16am

Technology

No more scars! Scientists find way to complete skin regeneration

While practically everyone we know carries a scar or two that too not the emotional ones! While there is not much that can be done about the healed skin that embellishes us with the marking of a battle won survived through the scars themselves do not fa

Published 09 Jan, 2017 08:10am

Cricket

Irfan to leave Australia, after mother demise

Pakistan left-arm pacer Mohammad Irfans mother passed away on Monday.

Published 09 Jan, 2017 08:06am

Life & Style

Presenting Shah Rukh Khan as 'Raees' in Bigg Boss' latest promo

As revealed earlier, Shah Rukh Khan will be promoting his upcoming movie Raees in Salman Khan's Bigg Boss, the promo is out and it looks quite fascinating.

Published 09 Jan, 2017 07:36am

Money & Banking

South Africa's net foreign reserves fall to $40.809bn in Dec

JOHANNESBURG: South Africa's net foreign reserves fell to $40.

Published 09 Jan, 2017 07:33am

Cricket

Chappell insults Pakistan cricket, says improve or go home

As if the 3-0 drubbing at the hands of Australia was not embarrassing enough for the Pakistan cricket team, the former Aussies skipper Ian Chappell has now called on the Cricket Australia to stop inviting Pakistan for future tournaments unless they improv

Published 09 Jan, 2017 07:32am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Monday, until mid day, KSE-100 Index was at 49426.

Published 09 Jan, 2017 07:27am

Industry

Jaguar Land Rover sells record 583,313 cars in 2016

LONDON: Britain's biggest carmaker Jaguar Land Rover (JLR) sold a record 583,312 cars last year as the Indian-owned firm continues its rapid expansion with the aim of building 1 million vehicles a year at the turn of the decade.

Published 09 Jan, 2017 07:14am

Sports

Nishikori pulls out of Sydney exhibition to rest hip

SYDNEY: Kei Nishikori has pulled out of an exhibition event in Sydney to recover from a hip injury, with the Japanese world number five reluctant to take any risks ahead of next week's Australian Open.

Published 09 Jan, 2017 07:11am

Financial

Turkish lira weakens to record low of 3.6495 against dollar

ISTANBUL: The Turkish lira weakened to a record low of 3.

Published 09 Jan, 2017 07:08am

Cricket

Australia withdraw O'Keefe from Big Bash ahead of India tests

SYDNEY: Steve O'Keefe's hopes of joining the Australian slow-bowling attack in the four-test series in India from next month have been boosted after the left-arm spinner was withdrawn from the remainder of the Big Bash League to prepare for the to

Published 09 Jan, 2017 07:05am

Boy reunited with parents

the National Highways and Motorway Police, Central Zone (NH&MP) has reunited 8-year-old boy, who was lost, with his parents. The boy was found on National Highways in the area of Beat 13, Pattoki. The Motorway Police patrolling Officers Tahir Mahmood and