News Archives for Latest - 2017-01-17

North America

Trump touts new Wal-Mart, GM and Bayer-Monsanto investments

WASHINGTON: President-elect Donald Trump Tuesday trumpeted a trio of major company announcements pledging additional investments in the United States as proof his America-first stance on the economy is already producing results.

Published 17 Jan, 2017 08:54pm

Football

Football: Valencia extends United contract

LONDON: Antonio Valencia will stay at Manchester United until 2018 after the Premier League club triggered a one-year extension clause in his contract.

Published 17 Jan, 2017 08:54pm

Europe

Italy's Tajani elected European Parliament president: officials

STRASBOURG: Italian centre-right politician Antonio Tajani was elected the new president of the European Parliament on Tuesday after a final round of voting, officials said.

Published 17 Jan, 2017 08:52pm

Commodities

European feeds-Soymeal rallies with CBOT on Argentine weather

ROTTERDAM: Soymeal prices on the European meals and feeds market rallied on Tuesday on concerns that heavy rains in Argentina could cut soybean yields.

Published 17 Jan, 2017 08:50pm

Industry

Rolls-Royce shares jump on profit upgrade, bribery settlement

LONDON: Shares in Rolls-Royce leapt on Tuesday after the British maker of engines for planes and ships finalised a 671 million-pound ($831 million) deal to settle a lengthy bribery investigation and said 2016 profits beat previous expectations.

Published 17 Jan, 2017 08:50pm

Commodities

Soy sets 6-month top as Argentina rains raise crop worries

CHICAGO: US soybean futures rose more than 2 percent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said.

Published 17 Jan, 2017 08:49pm

World Top News

Pakistan approves 30-year lease plan for slumbering steel giant

ISLAMABAD: Pakistan's Privatisation Commission on Tuesday approved a 30-year lease structure for loss-making Pakistan Steel Mills under which at least 7,500 of the 12,500 employees would be laid off, its head said.

Published 17 Jan, 2017 08:48pm

North America

Canada PM set to shuffle officials to handle Trump challenge

OTTAWA: Canadian Prime Minister Justin Trudeau plans to promote a former army commander as he shuffles senior officials to help handle ties with the Trump administration, a source familiar with the matter said on Tuesday.

Published 17 Jan, 2017 08:45pm

Energy

Oil edges up on weak U.S. dollar, Saudi OPEC compliance talk

NEW YORK: Oil prices edged higher on Tuesday propped up by a decline in the U.

Published 17 Jan, 2017 08:43pm

Europe

Europeans ask May: Where is the give for all this take?

BRUSSELS: European leaders applauded Theresa May for providing clarity by finally outlining her plan for a clean break with the EU, but said she needed to be realistic about the price Britain would pay for leaving.

Published 17 Jan, 2017 08:42pm

Energy

U.S. shale output set to rise in February as prices rise

NEW YORK: U.

Published 17 Jan, 2017 08:41pm

Europe

France's Hollande told May expects quick start of Brexit negotiations

PARIS: French President Francois Hollande told British Prime Minister Theresa May on Tuesday that negotiations over Britain's exit from the European Union should begin as soon as Britain invokes Article 50, a presidential sources said.

Published 17 Jan, 2017 08:40pm

Middle East

Iran's Rouhani says talk about renegotiating nuclear deal "meaningless"

DUBAI: Iranian President Hassan Rouhani said on Tuesday U.

Published 17 Jan, 2017 08:40pm

Financial

Wall St falls as some post-election gainers reverse

NEW YORK: U.

Published 17 Jan, 2017 08:37pm

SBP Governor urges forex companies to help strengthen rupee against dollar

KARACHI: State Bank of Pakistan Governor Ashraf Mahmood Wathra has urged foreign exchange companies to play their role in strengthening rupee against US dollar in the open market.

Published 17 Jan, 2017 08:31pm

General News

CM takes notice of burning of girl

LAHORE: Chief Minister Punjab Muhammad Shehbaz Sharif on Tuesday took notice of the incident of burning of a two and a half years old girl in Pattoki and sought a report from DPO Kasur.

Published 17 Jan, 2017 08:30pm

Sports

RugbyU: Long injury lay off for Clermont All Black Toeava

CLERMONT-FERRAND: High-flying Clermont suffered a blow with news that All Black full-back Isaia Toeava will be out for up to four months with an injured left arm.

Published 17 Jan, 2017 06:54pm

North America

Trump tweets... the wrong Ivanka

NEW YORK: His daughter Ivanka may be Donald Trump's favorite child but the president-elect apparently doesn't know her Twitter handle, mistaking her for a British woman from the seaside town of Brighton.

Published 17 Jan, 2017 06:53pm

Industry

Bayer-Monsanto to invest $8 bln in US

NEW YORK: German chemicals giant Bayer will invest about $8 billion in the United States in agriculture research in conjunction with Monsanto, which it is purchasing, the companies said on Tuesday.

Published 17 Jan, 2017 06:51pm

Sports

Tennis: Murray, Federer take step into the unknown

MELBOURNE: Andy Murray and Roger Federer are both facing unknown quantities as they bid to reach the Australian Open's third round on Wednesday.

Published 17 Jan, 2017 06:48pm

Football

Football: Andre Ayew gives Ghana narrow win over Uganda

PORT-GENTIL: Andre Ayew converted a first-half penalty as Ghana started their latest bid to reclaim the Africa Cup of Nations title with a hard-earned 1-0 victory against Uganda in Port-Gentil on Tuesday.

Published 17 Jan, 2017 06:47pm

General News

PM's National Health Insurance Programme to be expanded: CM

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif presided over a meeting here on Tuesday which decided to expand the scope of Prime Minister National Health Insurance Programme to all the districts of the province.

Published 17 Jan, 2017 05:42pm

General News

BISP biggest welfare project of South Asia: Marvi

ISLAMABAD: Chairperson Benazir Income Support Programme (BISP) Marvi Memon Tuesday said the BISP was one of the biggest people welfare project of South Asia.

Published 17 Jan, 2017 05:16pm

Energy

Oil steady; record high Russian output forecast offsets weak dollar

NEW YORK: Oil prices were little changed on Tuesday as forecasts for record production out of Russia in 2017 helped offset earlier gains related to a decline in the U.

Published 17 Jan, 2017 05:10pm

Financial

Trump, Brexit uncertainty hit stocks and dollar, gold jumps

NEW YORK: Stocks and the dollar fell and gold rose on Tuesday as investors looked for safety after President-elect Donald Trump said the U.

Published 17 Jan, 2017 05:04pm

Financial

Sterling on course for best day since at least 1998

LONDON: Sterling saw its biggest gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit.

Published 17 Jan, 2017 05:03pm

Europe

May puts Britain on course for 'hard' Brexit

LONDON: Prime Minister Theresa May unveiled her Brexit blueprint on Tuesday, announcing for the first time that Britain will leave Europe's single market in order to control EU immigration.

Published 17 Jan, 2017 05:02pm

North America

Trump's popularity lowest of any president in decades: polls

WASHINGTON: President-elect Donald Trump takes office this week with dismal approval and popularity numbers, according to polls out Tuesday, underscoring the deep divisions among Americans as the New York businessman prepares for his inauguration.

Published 17 Jan, 2017 05:01pm

World Top News

Kerry defends global trade against populist anger

DAVOS: Outgoing US Secretary of State John Kerry delivered a stark warning of the dangers of economic populism on Tuesday, insisting on the greater benefits of global trade and cooperation.

Published 17 Jan, 2017 05:01pm

World Top News

PTI filed case on basis of newspaper clippings: Khawaja Asif

ISLAMABAD: Minister for Water and Power Khawaja Muhammad Asif Tuesday said Pakistan Tehreek e Insaf (PTI) filed the Panama Papers case on the basis of newspaper clippings and Internet findings.

Published 17 Jan, 2017 04:18pm

World Top News

PM does not seek immunity in Panama papers case: Dr Musadiq

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif had not sought immunity in Panama papers case, spokesperson to the Prime Minister Dr Musadiq Malik said here on Tuesday.

Published 17 Jan, 2017 04:00pm

Cricket

Australian pacer eyes Pakistans obvious weakness at WACA

The ODI series between Pakistan and Australia has been a breath of fresh air for the visitors after a lackluster Test contest, which was overwhelmingly dominated by the hosts.

Published 17 Jan, 2017 02:29pm

Pakistan Top News

Marriyum asks Imran to apologize for telling lies, politics of anarchy

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb said on Tuesday that Pakistan Tehrik-e-Insaf Chairman Imran Khan should apologize to the nation for telling lies and doing politics of anarchy during the p

Published 17 Jan, 2017 02:22pm

Pakistan Top News

National interests to be safeguarded in FTAs: Senate told

ISLAMABAD: Minister for Commerce Khurram Dastgir Khan Tuesday informed the Senate that national interests would be fully safeguarded while negotiating Free Trade Agreements (FTAs) with Turkey and Thailand and reviewing the FTA with China.

Published 17 Jan, 2017 01:34pm

Business & Economy

FDI reaches $1.08bn in 1st half

ISLAMABAD: Foreign Direct Investment (FDI) during the first half of the current fiscal year increased by 10.

Published 17 Jan, 2017 01:09pm

Pakistan Top News

Imran hurls allegations but fails to present evidence: Daniyal

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) MNA Daniyal Aziz, Tuesday said that Pakistan Tehreek e Insaf (PTI) Chief Imran Khan hurled allegations but he did not present any evidence in the court on Panama papers case.

Published 17 Jan, 2017 01:07pm

Business & Economy

Pakistan among fastest growing e-commerce markets: eBay CEO

ISLAMABAD: Chief Executive Officer of eBay, an American Inc and e-commerce company, has termed Pakistan among the fastest growing e-commerce markets in the world.

Published 17 Jan, 2017 01:05pm

Cricket

AB de Villiers hoping for change of fortunes at World Cups

South Africa remains one of the most exciting and talented cricketing teams.

Published 17 Jan, 2017 12:53pm

Markets

Prices of fruits, vegetables remain stable

ISLAMABAD: The prices of fruits and vegetables overall remained stable with minor fluctuation in some items in the federal capital here on Tuesday.

Published 17 Jan, 2017 12:49pm

World Top News

Trump wants 'great relationship' with Merkel

DAVOS: Donald Trump wants a "great relationship" with German Chancellor Angela Merkel, a member of his transition team said Tuesday, after the US president-elect sparked anger with criticism of her and NATO.

Published 17 Jan, 2017 12:38pm

Financial

Markets tread lower before key Brexit speech

LONDON: Europe's main stock markets slid Tuesday but the pound rebounded somewhat, as British Prime Minister Theresa May was set to make a hotly-anticipated speech on Brexit strategy.

Published 17 Jan, 2017 12:34pm

Pakistan Top News

Pakistan not to accept external pressure on Indus Waters Treaty

ISLAMABAD: Minister for Defence, Water and Power Khawaja Muhammad Asif Tuesday said Pakistan would not accept any external pressure on the Indus Waters Treaty (IWT) reached with India in 1960 for distribution of water between the two countries.

Published 17 Jan, 2017 11:55am

North America

Trump makes the wrong Ivanka famous on Twitter

US President-elect Donald Trump made error when he responded to a complimentary tweet about his daughter.

Published 17 Jan, 2017 11:38am

Cricket

Novak Djokovic smashes sixes to humble legendary Shane Warne

Novak Djokovic was put to the ultimate test, however, this time the Serb was not playing tennis but cricket, as the tennis superstar bat against none other than the Aussie great Shane Warne.

Published 17 Jan, 2017 11:33am

Pakistan Top News

Pakistan better than India among developing economy: WEF report

The World Economic Forum (WEF) has declared Pakistan and China better than India among 79 developing economies of the world.

Published 17 Jan, 2017 11:29am

Arts

Celebrity-in-chief Trump struggles to get A-list inauguration talent

%D%ANEW YORK: Donald Trump has spent decades palling around in the celebrity world and once dreamed of a movie career.

Published 17 Jan, 2017 11:18am

Life & Style

An Unsuitable Boy; Karan Johar comes out of closet in his bold autobiography

Bollywood ace director Karan Johar has recently launched his autobiography 'An Unsuitable Boy' in Mumbai.

Published 17 Jan, 2017 11:15am

Front Top News

PM lied in parliament, now taking refuge behind immunity: Imran

ISLAMABAD: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has expressed on Tuesday that Prime Minister Nawaz Sharif had lied to the nation on the floor of the parliament, and so was asking for immunity in the court.

Published 17 Jan, 2017 10:31am

Financial

European stock markets drop before key Brexit speech

LONDON: Europe's main stock markets slid in opening trade on Tuesday, as British Prime Minister Theresa May was set to make a hotly-anticipated speech on Brexit strategy.

Published 17 Jan, 2017 10:17am

Industries & Sectors

Diamer-Bhasha Dam will be part of CPEC, says Ahsan Iqbal

%D%ANAVEED BUTT %D%AISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal Monday said that Diamer-Bhasha Dam would also be part of the China-Pakistan Economic Corridor (CPEC).

Published 17 Jan, 2017 10:06am

Cricket

Wasim Akram withdraws case against car shooting suspect

Pakistans bowling legend Wasim Akram has withdrawn his case regarding alleged firing at his car in Karachi on Tuesday.

Published 17 Jan, 2017 10:05am

General News

Shakeel Afridi getting fair trial

ISLAMABAD: The Senate was informed Tuesday that a US spy agency aide Shakeel Afridi was getting fair trial for the crime he had committed against national interest of Pakistan.

Published 17 Jan, 2017 09:56am

Front Top News

Raheel Sharif to highlight Pakistan Army's anti-terror efforts at Davos

%D%ARECORDER REPORT %D%AISLAMABAD: Former Army Chief Gen Raheel Sharif (retd) will highlight Pakistan Army's counter-insurgency operations and improved security environment in the country at the World Economic Forum (WEF) annual meeting on Tuesday at

Published 17 Jan, 2017 09:54am

Life & Style

Sunny Leone collaborates with Shah Rukh Khan, Salman Khan

Shah Rukh Khan will soon visit the controversial 'Bigg Boss' house to promote his upcoming release 'Raees', but that's not it, Sunny Leone too just seems to be going crazy as the release date of Raees is inching closer.

Published 17 Jan, 2017 09:46am

Cricket

Imad Wasim fires first shot at the Aussies

Pakistan win at the MCG against Australia was not only crucial for the nation to make it into the ICC Cricket World Cup 2019, it also sparked life to the embarrassingly one sided series.

Published 17 Jan, 2017 09:42am

Featured Photos

Tuesday Tangents - Pray in Grey by Bulent Suberk

Bulent Suberk: Modern architecture as a non-traditional mosque.

Published 17 Jan, 2017 09:42am

Featured Photos

Tuesday Tangents - Blizzard Express by Michele Palazzo

Photo Credit: Michele Palazzo%D%ANew York Citys iconic Flatiron building emerges from the blizzard, like the bow of a giant ship ploughing through the wind and the snow.

Published 17 Jan, 2017 09:39am

Featured Photos

Tuesday Tangents - Sunflowers by Derek Snee

Photo Credit: Derek Snee%D%AImagine if we could use plants to harvest wind.

Published 17 Jan, 2017 09:36am

Featured Photos

Tuesday Tangents - Metamorphosis by Gina Soden

Photo Credit: Gina Soden %D%AA fine example of Moorish architecture but in a castle in Italy.

Published 17 Jan, 2017 09:34am

Front Top News

Search for missing Malaysia Airlines flight MH370 ends with no trace

The search for Malaysia Airlines flight MH370 was finally ended on Tuesday without any trace being found of the plane that vanished in 2014 with 239 people on board.

Published 17 Jan, 2017 09:32am

Featured Photos

Tuesday Tangents - The Daily Grind by Shibasish Saha

Photo Credit: Shibasish Saha %D%AIn this frame, men and women are working very hard to feed their individual families.

Published 17 Jan, 2017 09:29am

Featured Photos

Tuesday Tangents - Kew Gardens by Naf Selmani

Photo Credit: Naf Selmani %D%AThe Hive Kew Gardens a spectacular new bee-inspired sculpture seen from below, as one of the visitors lays on the top glass floor to pose for pictures.

Published 17 Jan, 2017 09:26am

Featured Photos

Tuesday Tangents - A Control Room by Roman Robroek

Photo Credit: Roman Robroek %D%AThis beautiful control room is one of a kind and built in a beautiful Art Deco style.

Published 17 Jan, 2017 09:22am

Featured Photos

Tuesday Tangents - Falling Construct by Barbara Rossi

Barbara Rossi: I took this photo of deconstruction it shows transformation, action and beauty.

Published 17 Jan, 2017 09:19am

Featured Photos

Tuesday Tangents - Wood by Johnathan Walland

Photo Credit: Jonathan Walland%D%AThis is part of a series of photographs demonstrating how the absence of light can be used to divert the attention of the observer towards what the photographer intended to highlight.

Published 17 Jan, 2017 09:17am

Pakistan Top News

Over 78pc American Companies willing to invest in Pakistan

DAVOS (Switzerland): Over 78 percent American companies are willing to invest more in Pakistan over the next 12 months, owing to improved security and long-term economic climate, a survey by the American Business Council (ABC) of Pakistan (ABC) said.

Published 17 Jan, 2017 08:50am

Cricket

India starts building world's biggest stadium

AHMEDABAD: India has started building the world's biggest cricket stadium that will accommodate 110,000 spectators and cost around $100 million.

Published 17 Jan, 2017 08:32am

Financial

Tokyo stocks down ahead of British PM's Brexit speech

TOKYO: Tokyo shares fell Tuesday as investors awaited British Prime Minister Theresa May's speech outlining details about how the country will handle its exit from the European Union.

Published 17 Jan, 2017 08:31am

Life & Style

Eugene Cernan, last man to walk on moon, dead at 82

WASHINGTON: US astronaut Eugene Cernan, the last man to set foot on the moon, died Monday at age 82, NASA and his family announced.

Published 17 Jan, 2017 08:27am

General News

Private schools in Sindh seeks more winter vacations

With the dropping temperature and increasing cold weather in Sindh, Private school management has requested schools to extend their winter vacations for another week.

Published 17 Jan, 2017 08:25am

Cricket

Root ready to captain England should Cook quit

NEW DELHI: England's Joe Root has said he is ready to take on the mantle of Test skipper should Alastair Cook decide to relinquish the captaincy.

Published 17 Jan, 2017 08:24am

World

Maduro denounces 'hate campaign' aimed at Donald Trump

CARACAS: Venezuelan President Nicolas Maduro on Monday denounced a "hate campaign" aimed at Donald Trump, saying the US president-elect's administration would not be "worse" than Barack Obama's.

Published 17 Jan, 2017 08:20am

Money & Banking

ECB to resist calls for tighter money in 2017 kickoff

FRANKFURT AM MAIN: The European Central Bank will hold to its course at its first meeting of 2017 Thursday, analysts said, resisting clamour to tighten monetary policy from critics pointing to increasing inflation.

Published 17 Jan, 2017 08:17am

Money & Banking

HSBC funding Indonesian forest destruction

JAKARTA: Greenpeace on Tuesday accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm oil operations have been blamed for destroying vast swathes of Indonesian rainforest.

Published 17 Jan, 2017 08:11am

Front Top News

PM seeks immunity under Article-248 in Panamagate case

ISLAMABAD: A larger bench of the Supreme Court of Pakistan led by Justice Asif Saeed Khosa resumed hearing the Panama Leaks case on Tuesday.

Published 17 Jan, 2017 07:57am

Asia

North Korea tells Obama to get 'packing'

SEOUL: North Korea denounced outgoing US President Barack Obama for blacklisting leader Kim Jong-Un's sister over human rights abuses, urging him to concentrate on "packing" as he exits the White House.

Published 17 Jan, 2017 07:56am

Europe

May to rule out 'half-in' EU deal in Brexit speech

LONDON: British Prime Minister Theresa May on Tuesday is expected to say she favours a clean break from the European Union, dismissing a "half-in, half-out" Brexit deal with Brussels.

Published 17 Jan, 2017 07:54am

Pakistan Top News

RECORDER REPORT-PSX mid day update

KARACHI: On Tuesday, until mid day, KSE-100 Index was at 48328.

Published 17 Jan, 2017 07:54am

North America

Five dead in shooting at Mexico music festival

PLAYA DEL CARMEN: A shooting erupted during an electronic music festival at a Mexican beach resort early Monday, leaving five people dead, including one in a stampede as revelers fled in panic.

Published 17 Jan, 2017 07:48am

Front Top News

A tale of two speeches as Davos week begins

DAVOS: The global elite begin a week of earnest debate and Alpine partying in the Swiss ski resort of Davos on Tuesday, in a week bookended by two presidential speeches of historic import.

Published 17 Jan, 2017 07:46am

Sports

Pliskova plays down chances despite easy win

MELBOURNE: Fast-rising Czech star Karolina Pliskova played down her Australian Open chances Tuesday despite kick-starting her campaign with an ominous straight-sets rout.

Published 17 Jan, 2017 07:45am

Industry

Rio Tinto ships more iron ore as prices surge

SYDNEY: Mining giant Rio Tinto reported Tuesday a ramp up in iron ore shipments on surging prices, but copper output disappointed amid production issues at its global mines.

Published 17 Jan, 2017 07:41am

Miscellaneous

Charter of CPEC

There is little denying that historians will remember CPEC as one of best things that ever happened to Pakistan, provided of course this country does not deliberately goof up.

Published 17 Jan, 2017 07:38am

Sports

Serena, Nadal make sizzling starts in Melbourne

MELBOURNE: Serena Williams and Rafael Nadal made light of scorching conditions and doubts over their form as they got off to sizzling starts at the Australian Open on Tuesday.

Published 17 Jan, 2017 07:38am

Miscellaneous

Of petroleum and fertiliser prices

For the first time in over three years, the government revised petroleum products prices mid of the month.

Published 17 Jan, 2017 07:37am

Miscellaneous

New tariff for Thar coal projects

The upfront Thar coal power tariff will expire on 19 January, 2017 with the regulator deciding against extending it.

Published 17 Jan, 2017 07:36am

Miscellaneous

Gold: What's in store for 2017

Before getting into what the current year holds for gold, lets review gold market in 2016.

Published 17 Jan, 2017 07:36am

Front Top News

Kyrgyzstan recovers bodies from plane crash site

BISHKEK: Kyrgyzstan on Tuesday was observing a day of mourning as it recovered the bodies of the dozens of people killed when a Turkish cargo plane crashed into a village outside the capital a day ago.

Published 17 Jan, 2017 07:34am

Pakistan Top News

Earthquake jolts different parts of Karachi

Strong earthquake tremors shook buildings in different parts of Gulshan-e-Iqbal, Gulistan-e-Johar and adjoining areas on Tuesday.

Published 17 Jan, 2017 06:45am

Life & Style

Amir Khan's inappropriate leaked video causes havoc

Boxer Amir Khan, who has been hit by family turmoil, has now another reason to be worried.

Published 17 Jan, 2017 06:43am

General News

Government mulling various names to fill post of FBR chief

RECORDER REPORT%D%AISLAMABAD: The government is considering different names to fill the post of the new Chairman of the Federal Board of Revenue (FBR) as the incumbent Chairman Nisar Mohammad Khan will be retiring on January 18, 2017.

Published 17 Jan, 2017 06:32am

Industries & Sectors

Hydropower projects: mismanagement of Wapda inflicts huge losses to exchequer

MUSHTAQ GHUMMAN%D%AISLAMABAD: Water and Power Development Authority (Wapda) has reportedly mismanaged different hydropower projects, including 969 Neelum Jhelum hydropower project and 1410 MW Tarbela Fourth Extension inflicting billions of rupees financia

Published 17 Jan, 2017 06:29am

EU says UK can't negotiate US trade deal until Brexit

Britain cannot negotiate new trade deals until it leaves the EU, the bloc's foreign policy chief said Monday after US President-elect Donald Trump backed a speedy trade agreement with London.