News Archives for Latest - 2017-01-13

Life & Style

Nissan picks London for first European on-road autonomous car tests

LONDON: Japanese carmaker Nissan said it will conduct its first European real-world trials of self-driving cars in London, choosing Britain just months after it said it would build two new models in the country despite concerns over Brexit.

Updated 08 May, 2018 06:35pm

Banking

Banks: Window dressing

Window dressing is a usual practice that bankers adopt in days close to year end to make books healthier. In days of ris

Updated 29 Dec, 2017 11:55am

General News

Speaker stresses on strengthening parliamentary institutions

ISLAMABAD: Speaker National Assembly of Pakistan Sardar Ayaz Sadiq on Friday stressed on the international parliamentary community to actively engage and strengthen the parliamentary institutions of Pakistan.

Published 13 Jan, 2017 06:57pm

Football

Football: Guardiola concerned by Kompany's injury woes

MANCHESTER: Pep Guardiola admits he is not certain if injury-plagued Manchester City captain Vincent Kompany will ever return to peak form.

Published 13 Jan, 2017 06:57pm

Africa

Spanish court reopens probe into drowning of 15 migrants

MADRID: A Spanish court has reopened a probe into the drowning of 15 migrants as they tried to swim from Morocco to Spain's North African territory of Ceuta while police in riot gear tried to stop them.

Published 13 Jan, 2017 06:56pm

Middle East

Trump says cabinet picks free to express own ideas

WASHINGTON: US President-elect Donald Trump on Friday shrugged off the strikingly divergent positions his cabinet picks have taken on Russia, torture, and a host of other issues, saying he wanted them to express their own ideas.

Published 13 Jan, 2017 06:55pm

Financial

Stock markets firmer ahead of weekend

LONDON: Europe's main stock markets ended the week in an upbeat mood Friday, with London topping a new high, and prices on Wall Street modestly higher on the back of favourable results from banks.

Published 13 Jan, 2017 06:54pm

North America

Obama admits Trump transition 'unusual'

WASHINGTON: US President Barack Obama has admitted that the transition period leading to Donald Trump's inauguration has been "unusual" and warned that the CEO's "improvisational" style might not translate well to the presidency.

Published 13 Jan, 2017 06:54pm

North America

No 'credible' security threats to Trump inauguration: government

DULLES: US Homeland Security Secretary Jeh Johnson said Friday the government sees no immediate threats for the January 20 inauguration of President-elect Donald Trump.

Published 13 Jan, 2017 06:53pm

Sports

Golf: McIlroy defies back pain to stay in SA Open hunt

JOHANNESBURG: World number two Rory McIlroy defied severe back pain to fire a second-round 68 Friday and trail South African Open leader Graeme Storm by three shots.

Published 13 Jan, 2017 06:52pm

Football

Football: Unexpected call doesn't faze Mourinho

MANCHESTER: Jose Mourinho was unfazed when an unexpected telephone call interrupted the Manchester United manager's weekly session with the media on Friday.

Published 13 Jan, 2017 06:51pm

Africa

AU asks Gambian President Jammeh to step down

NAIROBI: The African Union (AU) Friday urged Gambia's President Yahya Jammeh to respect last month's election results and quit power peacefully, warning of "serious consequences" if his actions cause a crisis.

Published 13 Jan, 2017 06:51pm

General News

Shehbaz vows to accomplish Clean Water Project

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif has said that every conceivable step will be taken to provide clean water to people along with assistance of international companies in water sector.

Published 13 Jan, 2017 06:50pm

General News

Shehbaz known as 'Man of Action' in China: Chinese CG

LAHORE: Newly appointed Chinese Council General (CG) to Lahore Long Dingbin said Punjab Chief Minister Muhammd Shehbaz Sharif was called 'Man of Action' in China for his ability to get things done in time and dynamic leadership qualities he posses

Published 13 Jan, 2017 06:50pm

General News

Govt put country on way to progress: Barjees Tahir

SHEIKHUPURA: Federal Minister for Kashmir Affairs and Gilgit-Baltistan Barjees Tahir on Friday said the government had put the country on way to progress and prosperity under the dynamic leadership of Prime Minister Muhammad Nawaz Sharif.

Published 13 Jan, 2017 06:49pm

Business & Finance

Modern technology being used in CPEC projects to reduce pollution: Ahsan

ISLAMABAD: Minister for Planning, Development and Reforms Ahsan Iqbal Friday said state-of-the-art technology was being used in all coal related projects in the country to reduce carbon ratio in the atmosphere.

Published 13 Jan, 2017 06:47pm

Business & Economy

Dar reviews FBR's 6-month performance

ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar Friday chaired a meeting to review the six-month performance of Federal Board of Revenue (FBR) for the period July- December of the financial year 2016-17.

Published 13 Jan, 2017 06:47pm

North America

Obama eases Sudan sanctions

WASHINGTON: US President Barack Obama took the controversial step of easing some economic sanctions against Sudan Friday, trying to improve relations with a country whose leader is accused of war crimes and past links to terror.

Published 13 Jan, 2017 06:46pm

Front Top News

PM restores subsidy on fertilizers on request of Shehbaz Sharif

LAHORE: Prime Minister Muhammad Nawaz Sharif on the request of Punjab Chief Minister Muhammad Shehbaz Sharif has restored subsidy on fertilizers.

Published 13 Jan, 2017 06:45pm

Energy

Higher oil prices to help Russia avoid using up Reserve Fund

MOSCOW: The recovery in oil prices this year may help Russia's finance ministry avoid spending all of its Reserve Fund in 2017, Finance Minister Anton Siluanov said on Friday.

Published 13 Jan, 2017 01:24pm

Europe

Turkey's Erdogan says Greeks avoiding solution in Cyprus

ISTANBUL: Turkish President Tayyip Erdogan said on Friday the Greek side was once again avoiding a solution to the Cyprus problem, warning that a solution without Turkey should not be expected.

Published 13 Jan, 2017 01:22pm

Europe

Former Italian PM Berlusconi sues ECB at European Court of Justice

FRANKFURT: Former Italian Prime Minister Silvio Berlusconi and his Fininvest holding company have filed a case against the European Central Bank at the European Court of Justice, court documents showed on Friday.

Published 13 Jan, 2017 01:19pm

World

Iraq says oil exports stand at 3.077mn bpd ABU

ABU DHABI: Iraq's oil exports stand at 3.

Published 13 Jan, 2017 01:14pm

Energy

Asia Naphtha/Gasoline-Naphtha slips; gasoline at 9-1/2 month high

SINGAPORE: Asia's naphtha crack fell 5 percent on Friday to $105.

Published 13 Jan, 2017 01:12pm

Managed Funds

Mauritius 91-day T-bills yield falls to 2.69pc

PORT LOUIS: The weighted average yield on Mauritius' 91-day Treasury bill fell to 2.

Published 13 Jan, 2017 01:11pm

Cricket

Chappell's criticism 'uncalled for and unbecoming', Misbah hits back

%D%APakistan's Test captain Misbah-ul-Haq has lashed out at Australia's great Ian Chappell's criticisms of Pakistan, saying they were "uncalled for and unbecoming" of someone with the latter's stature in the game.

Published 13 Jan, 2017 01:10pm

Commodities

German hard coal imports fell 4 percent yr-yr in 2016

FRANKFURT: Germany imported 55 million tonnes of hard coal in 2016, 4 percent less than the 57.

Published 13 Jan, 2017 01:08pm

Industry

Pemex sells Maya crude to US West Coast for first time since 2008

MEXICO CITY: Mexico's Pemex has begun selling heavy Maya crude for the first time since 2008 to US West Coast refiners, the head of the state oil company's international trading arm said on Thursday.

Published 13 Jan, 2017 01:06pm

Financial

Sterling flash crash had no single driver, no data to suggest market abuse

LONDON: There is little if any data to support suggestions that traders may have deliberately spurred October's flash crash in sterling, a Bank for International Settlements report said on Friday, pointing instead to a range of structural factors.

Published 13 Jan, 2017 01:03pm

Energy

Low LNG deliveries in southern France tighten supply

PARIS: French gas grid operator GRTgaz said on Friday that low liquefied natural gas (LNG) deliveries to the Fos-sur-Mer terminal in the south of the country had led to a tight supply situation and heavy withdrawals from saline storages to meet winter dem

Published 13 Jan, 2017 01:01pm

Commodities

Prices ease after rally on USDA crop data

PARIS/SINGAPORE: Chicago grain and soybean futures edged lower on Friday as a day-earlier rally sparked by some lower-than-expected US government crop estimates stalled in the face of hefty global supplies.

Published 13 Jan, 2017 12:58pm

Energy

Oil set for weekly fall on doubts over extent of OPEC cuts

LONDON: Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009.

Published 13 Jan, 2017 12:57pm

Financial

Sri Lankan rupee ends lower; central bank sets spot ref rate at record low

COLOMBO: The Sri Lankan rupee ended marginally weaker on Friday on importer dollar demand and with the central bank adjusting the spot reference rate to a record low of 150.

Published 13 Jan, 2017 12:56pm

Commodities

Brazil center-south produces 127,000 tonnes of sugar late in Dec

SAO PAULO: Brazil's center-south region produced only 127,000 tonnes of sugar in the second half of December, compared to 379,000 in the previous two-week period, as mills operations are basically over for the 2016/17 crop.

Published 13 Jan, 2017 12:55pm

Managed Funds

Euro zone yields edge higher on Fed warnings, Italy rating review looms

LONDON: Euro zone bond yields rose on Friday after comments from US policymakers overnight prompted concerns that monetary policy in the world's largest economy could tighten faster than previously expected, though poor Chinese export data kept a cap

Published 13 Jan, 2017 12:54pm

Industry

PetroVietnam, Exxon Mobil sign deal on gas generation

HANOI: State energy group PetroVietnam (PVN) signed an agreement with the Vietnamese unit of US Exxon Mobil Corp on Friday to develop the country's biggest gas project for power generation, the state firm said.

Published 13 Jan, 2017 12:53pm

Pakistan Top News

FO rejects allegations of safe havens in FATA

ISLAMABAD: In response to media queries regarding allegations of safe havens in Federally Administered Tribal Areas (FATA), the Spokesperson of the Foreign Office Friday out rightly rejected the claims and reiterated that Pakistan does not allow its terri

Published 13 Jan, 2017 12:31pm

General News

87 units of potable water sealed so far

ISLAMABAD: Minister for Science and Technology Rana Tanveer Hussain Friday informed the Senate that the government has sealed 87 units of potable water so far found involved in manufacturing contaminated and unsafe water across the country.

Published 13 Jan, 2017 11:43am

Industries & Sectors

PIA providing intranet facility on prime domestic flights

ISLAMABAD: Pakistan International Airlines (PIA) has started providing intranet facility on few of its prime domestic flights from Friday.

Published 13 Jan, 2017 11:41am

Featured Photos

Maddening Woe by Anna O

Photo Credit: Anna O%Dnna O is a talented self-taught photographer and artist based in Poland.

Published 13 Jan, 2017 11:40am

Business & Economy

LPG production reaches 1.918mmt, imports 0.840mmt, sales 2.559mmt

ISLAMABAD: The Liquefied Petroleum Gas (LPG) sector witnessed multi-fold growth during the past three years as its production crossed 1.

Published 13 Jan, 2017 11:38am

Featured Photos

Timid In Tenderness by Anna O

Photo Credit: Anna O%Dnna O is a talented self-taught photographer and artist based in Poland.

Published 13 Jan, 2017 11:37am

General News

Defeating terrorist mindset must for complete end of militancy: President

ISLAMABAD: President Mamnoon Hussain on Friday said after defeating terrorism in battlefield, there was a need to crush the terrorist mindset as well.

Published 13 Jan, 2017 11:36am

General News

CPEC played role in attracting investors to Pakistan

ISLAMABAD: Economic Expert Dr.

Published 13 Jan, 2017 11:35am

Featured Photos

Through The Shade by Anna O

Photo Credit: Anna O%Dnna O is a talented self-taught photographer and artist based in Poland.

Published 13 Jan, 2017 11:33am

Featured Photos

Triad Beauty by Mattia Passarini

Photo Credit: Marria Passarini%D%AMattia Passarini is a talented freelance portrait photographer from Italy, who is based in China since 2006.

Published 13 Jan, 2017 11:28am

Featured Photos

Subterfuge by Mattia Passarini

Photo Credit: Marria Passarini%D%AMattia Passarini is a talented freelance portrait photographer from Italy, who is based in China since 2006.

Published 13 Jan, 2017 11:25am

Featured Photos

Himalayan Snowscape by Mattia Passarini

Photo Credit: Marria Passarini%D%AMattia Passarini is a talented freelance portrait photographer from Italy, who is based in China since 2006.

Published 13 Jan, 2017 11:21am

Europe

Russia stays mute on possible US invitation to Syria talks

MOSCOW: The Kremlin on Friday declined to confirm whether it would invite the United States to Syria peace talks later this month after Washington was excluded from brokering a recent truce in the war-torn country.

Published 13 Jan, 2017 11:19am

Featured Photos

The Right Places by Maury Page

Photo Credit: Maury Page%D%AMaury Page is a talented self-taught photographer based in Michigan.

Published 13 Jan, 2017 11:11am

Australia bowl out Pakistan for 176 to win first ODI by 92 runs

%DRISBANE: Australia beat Pakistan by 92 runs in the first one-day international at the Gabba on Friday.

Published 13 Jan, 2017 11:10am

Featured Photos

The Bygone by Maury Page

Photo Credit: Maury Page%D%AMaury Page is a talented self-taught photographer based in Michigan.

Published 13 Jan, 2017 11:08am

Life & Style

Aamir Khan's 'Dangal' becomes Bollywood's highest grossing movie of all-time

Indian megastar Aamir Khan has once again delivered a super hit movie in form of a wrestling drama.

Published 13 Jan, 2017 11:07am

Featured Photos

Transverse by Maury Page

Photo Credit: Maury Page%D%AMaury Page is a talented self-taught photographer based in Michigan.

Published 13 Jan, 2017 11:04am

Money & Banking

Credit Agricole exits government bond dealer roles in Austria, Ireland

LONDON: Credit Agricole's investment banking arm said on Friday it had decided to cease acting as a primary dealer in government bonds for Austria and Ireland, and in treasury bills for the Netherlands.

Published 13 Jan, 2017 10:57am

Front Top News

PK-661 altered its course east instead of heading south: CAA

%DAMIR SAEED%D%A%D%AISLAMABAD: The Civil Aviation Authority (CAA) on Thursday shared its findings from black box data recovered from Pakistan International Airlines (PIA) flight PK-661 that had crashed on the way to Islamabad from Chitral on December 7, 2

Published 13 Jan, 2017 10:43am

Pakistan Top News

Gen Bajwa vows to protect Army repute after Dawn Leaks queries

%D%ARAWALPINDI: Officers of Pakistan Army complained to Chief of the Army Staff (COAS) General Qamar Javed Bajwa over the statement of Law Minister of Punjab, Rana Sanaullah and questioned him about the Dawn Leaks on Thursday.

Published 13 Jan, 2017 10:37am

Front Top News

Governor Sindh Saeed-uz-Zaman laid to rest after state funeral in Karachi

%D%AKARACHI: Governor Sindh Justice (retd) Saeed-uz-Zaman Siddiqui was laid to rest at Gizri graveyard after his funeral prayers were offered at Governor House in a state funeral here on Friday.

Published 13 Jan, 2017 10:15am

Cricket

Wade hits last-ball century to guide Australia to 268-9

BRISBANE: Wicketkeeper Matthew Wade hit a run off the last ball to reach a century as Australia scored 268 for nine off their 50 overs in the first one-day international against Pakistan in Brisbane on Friday.

Published 13 Jan, 2017 10:08am

Sports

Konta crushes Radwanska to win Sydney title

SYDNEY: Britain's Johanna Konta overpowered Agnieszka Radwanska 6-4 6-2 in a one-sided victory in the final of the Sydney International on Friday to claim her second career WTA title.

Published 13 Jan, 2017 10:00am

Financial

Turkish lira heads for biggest weekly fall since July coup bid

ISTANBUL: Turkey's lira headed on Friday for its biggest weekly fall since the aftermath of a failed coup last July, as the central bank's efforts to tighten liquidity and calls from President Tayyip Erdogan for Turks to sell dollars failed to rea

Published 13 Jan, 2017 09:59am

Life & Style

Oxford University invites Katrina Kaif as a guest speaker

Bollywood Barbie doll Katrina Kaif will soon speak at the prestigious Oxford University in February this year.

Published 13 Jan, 2017 09:56am

Technology

Optogenetics, the new brainwashing weapon?

A team of scientists just [invented?] a new brain controlling technique called optogenetics that turned approximately a dozen ordinary mice into crazy killing monsters using light to manipulate and trigger behavioral changes in them.%D%A%D%A

Published 13 Jan, 2017 09:24am

Sports

Bouchard not listening to 'haters'

SYDNEY: Canadian starlet Eugenie Bouchard says she has learnt to take no notice of the "haters", revealing she has spoken with fellow young gun Nick Kyrgios on how to handle the intense scrutiny.

Published 13 Jan, 2017 09:02am

World

Brazil's Odebrecht 'to give Panama $59m' it paid in bribes

PANAMA CITY: The Brazilian construction company Odebrecht will pay the Panamanian government more than $59 million it handed out in alleged bribes to secure public contracts, Panama's attorney general said Thursday.

Published 13 Jan, 2017 08:56am

Asia

Samsung heir returns home after marathon bribery questioning

SEOUL: Samsung heir Lee Jae-Yong returned home Friday after marathon questioning by South Korean prosecutors as a suspect in a massive corruption scandal involving impeached President Park Geun-Hye.

Published 13 Jan, 2017 08:50am

Sports

Serena's tough draw in quest for Aussie Open No.7

MELBOURNE: Six-time champion Serena Williams was handed a tough draw Friday at the Australian Open, while defending champion Angelique Kerber has a slightly easier route towards another final.

Published 13 Jan, 2017 08:49am

World

China exports drop 6.1pc in December

BEIJING: Chinese exports fell 6.1 percent in December to $209.4 billion, official data showed Friday, missing expectations as weak demand weighed on the world's second-largest economy. %D%A

Published 13 Jan, 2017 08:45am

Industry

Monopoly suit against Apple's App Store gets new life

SAN FRANCISCO: A US appeals court on Thursday revived a civil suit accusing Apple of creating a monopoly by making its App Store the only place to buy iPhone applications.

Published 13 Jan, 2017 08:44am

North America

Kerry farewell tour starts in Vietnam in final Asia push

HANOI: US Secretary of State John Kerry began his farewell tour in Vietnam Friday, giving a final push for Washington's so-called Asia pivot before President-elect Donald Trump takes office next week.

Published 13 Jan, 2017 08:42am

Europe

'I'm not ashamed' says Paris attacks suspect

PARIS: The main suspect in the Paris attacks said he was "not ashamed" in a letter to a woman who has been writing to him in prison, according to extracts published in the French press Friday.

Published 13 Jan, 2017 08:40am

Miscellaneous

Telcos and taxes

In support of a wider ICT uptake, this column has been a strong proponent for reducing taxes (WHT and FED) on cellular and broadband services.

Published 13 Jan, 2017 08:35am

North America

Obama 'screwed' us, angry Cuban migrants say

PANAMA CITY: "Obama has screwed all Cubans," Yadiel Cruz, a Cuban in Panama bitterly told AFP Thursday upon learning the US president has suddenly made it tougher for migrants like him to get into America.

Published 13 Jan, 2017 08:35am

Technology

Malaysian Netflix competitor 'iFlix' wins over Paki market

A Malaysian based market competitor to Netflix, aptly named iFlix packing a good archive of both content from the west and east just launched its online streaming service in Pakistan.%D%A%D%A

Published 13 Jan, 2017 08:34am

Financial

Tokyo shares rally, Takata soars on US deal report

TOKYO: Tokyo shares rallied Friday as retailers and drugmakers jumped, while embattled Takata soared on news it may announce a settlement with US regulators over its exploding airbag crisis.

Published 13 Jan, 2017 08:33am

Industry

India's SpiceJet to buy Boeing planes worth $22bn

NEW DELHI: Indian airline SpiceJet said on Friday it had agreed to buy up to 205 Boeing planes worth $22 billion in what it said was one of the largest deals ever in Indian aviation.

Published 13 Jan, 2017 08:32am

Front Top News

Fears at China export fall as Trump fuels uncertainty

BEIJING: Chinese exports fell more than expected in December, data showed Friday, deepening concerns about the trade outlook for the world's number-two economy as Donald Trump prepares to take office.

Published 13 Jan, 2017 08:30am

Sports

Sock scents redemption in Auckland

AUCKLAND: American fourth seed Jack Sock reached the final of the ATP Auckland Classic on Friday, earning a chance to make amends for a disappointing loss in last year's decider.

Published 13 Jan, 2017 08:29am

Miscellaneous

Export package: What's in it for leather?

With so much buzz surrounding textile and the latest package, its easy to forget that it wasnt for textile only; the Rs180 billion package is actually for all five export-oriented sectors: textile, leather, surgical goods, carpets, and sports goods.

Published 13 Jan, 2017 08:28am

Financial

Takata shares surge on report of settlement with US

TOKYO: Shares in struggling auto parts maker Takata surged Friday following a report the company and US authorities could announce a settlement later in the day over deadly exploding airbags.

Published 13 Jan, 2017 08:26am

Pakistan Top News

Karachi receives first winter rain of this season

Amid a severe countrywide wave of cold, a fresh spell of rain begins today (Friday).

Published 13 Jan, 2017 08:26am

Cricket

Shakib double ton crushes New Zealand

WELLINGTON: A double century from Shakib Al Hasan and a ton from Mushfiqur Rahim hammered New Zealand as records tumbled and Bangladesh took control of the first Test on Friday.

Published 13 Jan, 2017 08:26am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Friday, until mid day, KSE-100 Index was at 49548.

Published 13 Jan, 2017 08:23am

Miscellaneous

Competition, a catalyst for growth: Autos

This column has at different points discussed the many virtues of greater competition in the auto sector; one that has long enjoyed protectionnot only from imports with tariffs exceeding 70 percent but also to a great extent from new players entering the

Published 13 Jan, 2017 08:16am

Life & Style

It's time to Eat Karachi!

The biggest food festival Karachi Eat is all set to begin today (January 13, 2017) and will last till January 15, 2017 in Frere hall, Clifton Karachi.

Published 13 Jan, 2017 07:19am

Life & Style

She's out of my life, she doesn't deserve me; Karan Johar on his fallout with Kajol

Earlier, it has been reported that Bollywood best friends Karan Johar and Kajol has fallen apart, in his autobiography, 'An Unsuitable Boy' KJo has finally revealed the reason and the relationship status with her former muse.

Published 13 Jan, 2017 06:40am

Currency

AECB minutes reveal discord over bond-buying extension

Several European Central Bank governors were against any extension of the institution''''s mass bond-buying programme as inflation picked up in the eurozone, minutes of a December meeting showed Thursday. At his regular press conference following that Dec