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Archive - 2018-05-07
External balance snap shot
Banking

External balance snap shot

The SBP reserves are up by $593 million in the week ending April 27, 2018. Does this snapshot deserve a wow? The short a
Published 07 May, 2018 06:06am
Six Indian engineers kidnapped in Afghanistan

Six Indian engineers kidnapped in Afghanistan

Six Indian engineers working on a power plant project in northern Afghanistan were kidnapped along with their Afghan driver on Sunday, Afghan officials said. Gunmen snatched the seven from a vehicle on the outskirts of Baghlan provincial capital Pule-Khum
Published 07 May, 2018 12:00am
It will need to come out of the box

It will need to come out of the box

First impressions, on seeing the amount of bank borrowings of Rs 586 billion in revised estimates for 2017-18 as per Table-6, Comparative Budgetary Position, within the "Budget In Brief" publication of the Government; we managed to make ends meet with tha
Published 07 May, 2018 12:00am
It will need to come out of the box

It will need to come out of the box

First impressions, on seeing the amount of bank borrowings of Rs 586 billion in revised estimates for 2017-18 as per Table-6, Comparative Budgetary Position, within the "Budget In Brief" publication of the Government; we managed to make ends meet with tha
Published 07 May, 2018 12:00am
It will need to come out of the box

It will need to come out of the box

First impressions, on seeing the amount of bank borrowings of Rs 586 billion in revised estimates for 2017-18 as per Table-6, Comparative Budgetary Position, within the "Budget In Brief" publication of the Government; we managed to make ends meet with tha
Published 07 May, 2018 12:00am
It will need to come out of the box

It will need to come out of the box

First impressions, on seeing the amount of bank borrowings of Rs 586 billion in revised estimates for 2017-18 as per Table-6, Comparative Budgetary Position, within the "Budget In Brief" publication of the Government; we managed to make ends meet with tha
Published 07 May, 2018 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

The rupee posted sharp gains against the dollar during the week, ended on April 05, 2018. In the open market, the rupee rose by Rs 1.50 in terms of the greenback for buying and selling at Rs 116.70 and Rs 117.20, they said. The rupee jumped versus the eur
Published 07 May, 2018 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

The rupee posted sharp gains against the dollar during the week, ended on April 05, 2018. In the open market, the rupee rose by Rs 1.50 in terms of the greenback for buying and selling at Rs 116.70 and Rs 117.20, they said. The rupee jumped versus the eur
Published 07 May, 2018 12:00am
Interior minister wounded in gun attack

Interior minister wounded in gun attack

Interior minister Ahsan Iqbal has been shot in a suspected assassination attempt ahead of nationwide elections due this year, but will survive, officials said Sunday. The suspect, who police said was named "Abid" and is believed to be in his early 20s, sh
Published 07 May, 2018 12:00am
Interior minister wounded in gun attack

Interior minister wounded in gun attack

Interior minister Ahsan Iqbal has been shot in a suspected assassination attempt ahead of nationwide elections due this year, but will survive, officials said Sunday. The suspect, who police said was named "Abid" and is believed to be in his early 20s, sh
Published 07 May, 2018 12:00am
Equities remain dull
Exchange

Equities remain dull

Pakistan Stock Exchange witnessed bearish trend during the outgoing week ended on May 4, 2018 due to selling in various sectors. BRIndex100 lost 120.95 points on week-on-week basis to close at 4,752.81 points. Average daily trading volumes stood at 134.87
Published 07 May, 2018 12:00am
Equities remain dull
Exchange

Equities remain dull

Pakistan Stock Exchange witnessed bearish trend during the outgoing week ended on May 4, 2018 due to selling in various sectors. BRIndex100 lost 120.95 points on week-on-week basis to close at 4,752.81 points. Average daily trading volumes stood at 134.87
Published 07 May, 2018 12:00am
Equities remain dull
Exchange

Equities remain dull

Pakistan Stock Exchange witnessed bearish trend during the outgoing week ended on May 4, 2018 due to selling in various sectors. BRIndex100 lost 120.95 points on week-on-week basis to close at 4,752.81 points. Average daily trading volumes stood at 134.87
Published 07 May, 2018 12:00am
Futures spread down by 113 basis points

Futures spread down by 113 basis points

The futures spread declined by 113bps to 4.64 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 68.0 percent to 43.71 million shares. The average daily trading value
Published 07 May, 2018 12:00am
Futures spread down by 113 basis points

Futures spread down by 113 basis points

The futures spread declined by 113bps to 4.64 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 68.0 percent to 43.71 million shares. The average daily trading value
Published 07 May, 2018 12:00am
Circular debt in power sector: financial system at risk

Circular debt in power sector: financial system at risk

The unsustainable power sector circular debt has reportedly put the country's financial system at risk as Finance Ministry has refused to extend budgetary support citing financial constrains, sources close to Secretary Finance told Business Recorder.</
Published 07 May, 2018 12:00am
Circular debt in power sector: financial system at risk

Circular debt in power sector: financial system at risk

The unsustainable power sector circular debt has reportedly put the country's financial system at risk as Finance Ministry has refused to extend budgetary support citing financial constrains, sources close to Secretary Finance told Business Recorder.</
Published 07 May, 2018 12:00am
Circular debt in power sector: financial system at risk

Circular debt in power sector: financial system at risk

The unsustainable power sector circular debt has reportedly put the country''s financial system at risk as Finance Ministry has refused to extend budgetary support citing financial constrains, sources close to Secretary Finance told Business Recorder.<
Published 07 May, 2018 12:00am
Professor among 10 Kashmiris martyred in IHK

Professor among 10 Kashmiris martyred in IHK

Indian soldiers martyred five Kashmiri freedom fighters including a university teacher in a gunfight Sunday that triggered violent protests in which five civilians were civilians. Thousands took to the streets in occupied south Kashmir to show support for
Published 07 May, 2018 12:00am
Professor among 10 Kashmiris martyred in IHK

Professor among 10 Kashmiris martyred in IHK

Indian soldiers martyred five Kashmiri freedom fighters including a university teacher in a gunfight Sunday that triggered violent protests in which five civilians were civilians. Thousands took to the streets in occupied south Kashmir to show support for
Published 07 May, 2018 12:00am
ZTE asks US Commerce Department to suspend business ban
Exchange

ZTE asks US Commerce Department to suspend business ban

China's ZTE Corp has submitted an application to the US Commerce Department's Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. Washington imposed a seven-year ban on
Published 07 May, 2018 12:00am
ZTE asks US Commerce Department to suspend business ban
Exchange

ZTE asks US Commerce Department to suspend business ban

China's ZTE Corp has submitted an application to the US Commerce Department's Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. Washington imposed a seven-year ban on
Published 07 May, 2018 12:00am
ZTE asks US Commerce Department to suspend business ban
Exchange

ZTE asks US Commerce Department to suspend business ban

China''s ZTE Corp has submitted an application to the US Commerce Department''s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. Washington imposed a seven-year ban o
Published 07 May, 2018 12:00am
South African film-maker killed by giraffe

South African film-maker killed by giraffe

A South African film-maker was killed by a giraffe while filming on a reserve outside Johannesburg, the game lodge's owner has said, adding that he died after being air-lifted to hospital. The giraffe hit Carlos Carvalho in the head at the Glen Afric Coun
Published 07 May, 2018 12:00am
Lebanese vote in first general election in nine years

Lebanese vote in first general election in nine years

Voters queued at polling stations across Lebanon on Sunday to take part in its first general election in nine years - an event seen as important for economic stability but unlikely to upset the overall balance of power. Cars and mopeds were decked out wit
Published 07 May, 2018 12:00am
Lebanese vote in first general election in nine years

Lebanese vote in first general election in nine years

Voters queued at polling stations across Lebanon on Sunday to take part in its first general election in nine years - an event seen as important for economic stability but unlikely to upset the overall balance of power. Cars and mopeds were decked out wit
Published 07 May, 2018 12:00am
Iran warns US it would regret quitting nuclear deal

Iran warns US it would regret quitting nuclear deal

Iranian President Hassan Rouhani said on Sunday that if the United States quits the nuclear deal between Tehran and world powers then Washington would regret it "like never before". US President Donald Trump has threatened to withdraw from the agreement w
Published 07 May, 2018 12:00am
Iran warns US it would regret quitting nuclear deal

Iran warns US it would regret quitting nuclear deal

Iranian President Hassan Rouhani said on Sunday that if the United States quits the nuclear deal between Tehran and world powers then Washington would regret it "like never before". US President Donald Trump has threatened to withdraw from the agreement w
Published 07 May, 2018 12:00am
LHC issues notice to FBR chief for not providing details of taxpayers

LHC issues notice to FBR chief for not providing details of taxpayers

Lahore High Court (LHC) has issued notice to the Chairman, Federal Board of Revenue (FBR) in a constitutional petition moved against FBR for not providing detail of taxpayers who availed Tax Amnesty Scheme-2013 earlier notified by Nawaz Sharif government
Published 07 May, 2018 12:00am
LHC issues notice to FBR chief for not providing details of taxpayers

LHC issues notice to FBR chief for not providing details of taxpayers

Lahore High Court (LHC) has issued notice to the Chairman, Federal Board of Revenue (FBR) in a constitutional petition moved against FBR for not providing detail of taxpayers who availed Tax Amnesty Scheme-2013 earlier notified by Nawaz Sharif government
Published 07 May, 2018 12:00am
LHC issues notice to FBR chief for not providing details of taxpayers

LHC issues notice to FBR chief for not providing details of taxpayers

Lahore High Court (LHC) has issued notice to the Chairman, Federal Board of Revenue (FBR) in a constitutional petition moved against FBR for not providing detail of taxpayers who availed Tax Amnesty Scheme-2013 earlier notified by Nawaz Sharif government
Published 07 May, 2018 12:00am
New York's Plaza Hotel to go global after $600 million sale

New York's Plaza Hotel to go global after $600 million sale

A Dubai-based investor said Sunday he has teamed up with a US real estate heavyweight to purchase New York's Plaza Hotel, and plans to turn the icon into a global brand. Shahal Khan, whose Dubai-based White City Ventures partnered Kamran Hakim to make the
Published 07 May, 2018 12:00am
US-China trade Friction
Exchange

US-China trade Friction

Whatever a business savvy US President Donald Trump is doing with the economic prospects of his country has led to forcing over 1,000 economists - including 14 Nobel laureates - to demand him revisit his approach to the global trade without any further lo
Published 07 May, 2018 12:00am
Zardari's faulty wisdom

Zardari's faulty wisdom

PPP co-Chairperson Asif Zardari has joined the fray of the heating up of the coming electoral contest of late, but in an exceedingly strange way. While mutual mudslinging between the rival parties, especially the PPP, PTI and PML-N, the three main contend
Published 07 May, 2018 12:00am
Financial emergency: possible/probable?
Exchange

Financial emergency: possible/probable?

Is the declaration of a financial emergency imminent if the budget 2018-19 is implemented? This has been categorically rejected by Federal Finance Minister Miftah Ismail as one would have expected - the primary beneficiary of Ishaq Dar's decision to stay
Published 07 May, 2018 12:00am
'Light' at the end of the term

'Light' at the end of the term

While the government has been promising light at the end of the term, the consumers are not seeing light at the end of the tunnel. Loadshedding has started with its usual relentless schedule and regularity. This is such a predictable pattern that no amoun
Published 07 May, 2018 12:00am
Tax relief

Tax relief

Business Recorder op-ed writers Huzaima Bukhari and Dr Ikramul Haq in their write-up "Unfair budgets" carried by the newspaper on April 27 have made a profound remark on our governments' approach to country's economy and people's welfare. According
Published 07 May, 2018 12:00am
NLC & Daimler AG sign MoU for local production of Mercedes-Benz trucks

NLC & Daimler AG sign MoU for local production of Mercedes-Benz trucks

National Logistics Cell (NLC) signed Memorandum of Understanding (MoU) with Daimler AG for local production of world renowned Mercedes-Benz trucks by NLC in Pakistan. The MoU was signed on behalf of NLC by Major General Mushtaq Faisal, DG NLC, and Zia Ahm
Published 07 May, 2018 12:00am
Valuation of land: cracks appear in PSM board

Valuation of land: cracks appear in PSM board

Cracks have reportedly appeared in Pakistan Steel Mills (PSM) Board of Directors (BoD) on valuation of un-allotted land of NIP by a private firm, well-informed sources in Privatisation Commission told Business Recorder. At a recent meeting of PSM B
Published 07 May, 2018 12:00am
MMA to fully participate in elections: JUI-F

MMA to fully participate in elections: JUI-F

Deputy General Secretary JUI-F, Maulana Mohammad Amjad has said that Muttahida Majlis-e-Amal (MMA) will fully participate in the general elections and directed the party workers for acceleration of preparation for the purpose. Talking to media, he express
Published 07 May, 2018 12:00am
Mayor opens Al-Shifa dispensary, free medical camp

Mayor opens Al-Shifa dispensary, free medical camp

Mayor Karachi Waseem Akhtar has inaugurated Al-Shifa Dispensary, and a Free Medical Camp managed by Qaiser Imtiaz, Chairman UC 26 South and Chairman E&IP department KMC here on Sunday.
Published 07 May, 2018 12:00am
Nawaz wants reversal of disqualification through parliament after polls

Nawaz wants reversal of disqualification through parliament after polls

Former prime minister Nawaz Sharif has said that people have refused to accept the court's decision against him and his disqualification will have to be reversed through an overwhelming majority in the Parliament. "There is a way to change the decision th
Published 07 May, 2018 12:00am
PCJCC supports setting up of ADR centres

PCJCC supports setting up of ADR centres

Pakistan China Joint Chamber of Commerce has supported establishing of Alternative Dispute Resolution (ADR) centres to make the legal system more efficient and a regulatory framework to prevent serious consequences. This was stated by President Pak China
Published 07 May, 2018 12:00am
Struggle for 'respect to vote' drive to continue: PML-N Sindh

Struggle for 'respect to vote' drive to continue: PML-N Sindh

The President Pakistan Muslim League Nawaz (PML-N) Sindh, Shah Muhammad Shah while criticizing the statement of PPP Co-Chairperson Asif Ali Zardari has maintained that the PML-N's struggle for respect to vote would continue despite all conspiracies from t
Published 07 May, 2018 12:00am
General elections: JI to award 50 percent tickets among youth: Siraj

General elections: JI to award 50 percent tickets among youth: Siraj

Jamaat-e-Islami (JI) chief Sirajul Haq on Sunday vowed to award 50 percent of candidatures of his party to the youth to contest as JI candidates in the forthcoming general and local bodies' elections. "Fifty percent of the party tickets will go to youths
Published 07 May, 2018 12:00am
Shahbaz urges people to vote for PML-N for projects' continuity

Shahbaz urges people to vote for PML-N for projects' continuity

President PML (N) and Punjab Chief Minister Mohammad Shahbaz Sharif has said that people should vote PML (N) for continuity of development projects. He said that Naizi and Zardari have only chanted hallow slogans while we have worked hard day and night fo
Published 07 May, 2018 12:00am
Peace linked with enforcement of Islamic system: Siraj

Peace linked with enforcement of Islamic system: Siraj

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the religious parties's alliance (MMA) was a message for the agents of international establishment that there was no scope for them in this country now. According to media cell of JI at Mansoora
Published 07 May, 2018 12:00am
Irfan Siddique's book 'Jo Bichhar Gaey' launched

Irfan Siddique's book 'Jo Bichhar Gaey' launched

Advisor to prime minister Irfan Siddique's book titled "Jo Bichhar Gaey" was launched in a ceremony, at Multan Tea House on Sunday. The book is a combination of various published columns of Irfan Siddique about different personalities, hailing from differ
Published 07 May, 2018 12:00am
Structural economic reforms: BMP demands public-private dialogue

Structural economic reforms: BMP demands public-private dialogue

The Businessmen Panel (BMP) has demanded that Pakistan economy needs public-private dialogue in depth for proper structural reforms as a national economic agenda to improve ease of doing business and financial stability in the country.
Published 07 May, 2018 12:00am
NH&MP reunites eight-year-old boy with family

NH&MP reunites eight-year-old boy with family

The Motorway Police, South Zone (NH&MP) has reunited 8-year-old boy with family, who was lost from family near Babu Sabu. The boy who was found weeping on Motorway near, Babu Sabu. The Motorway Police DSP Muhammed Afzal and APO Zahid Iqbal found 8-year-ol
Published 07 May, 2018 12:00am
Caretaker set-up after completion of government's tenure: Saad

Caretaker set-up after completion of government's tenure: Saad

Railways Minister Khawaja Saad Rafique has said the upcoming elections will be held on time and the caretaker government will be formed after completion of tenure of the incumbent government. Addressing a Pakistan Muslim League-N workers convention, held
Published 07 May, 2018 12:00am
Four of a family killed in Haripur

Four of a family killed in Haripur

Mother and her three daughters were brutally killed inside their house by unknown persons in Khanpur area of Haripur. According to details, police on Sunday found the dead bodies of a mother and her three daughters tied to chairs inside their home in Qutb
Published 07 May, 2018 12:00am
Targets of all major crops missed
Cotton

Targets of all major crops missed

The country has missed all major crops targets - wheat, cotton, maize, gram and lentils set for 2017-18, suggesting that agricultural sector growth remained around 3.1 percent against the government's inflated figure of 3.8 percent, official sources revea
Published 07 May, 2018 12:00am
RCCI to hold business conference in Belgium

RCCI to hold business conference in Belgium

Rawalpindi Chamber of Commerce and Industry (RCCI) will hold a business opportunity conference in Belgium on May 8. The RCCI president Zahid Latif Khan while talking to APP Sunday said the aim of the conference is to promote Pakistan soft image besides im
Published 07 May, 2018 12:00am
Successful Hajj applicants asked to submit valid passports

Successful Hajj applicants asked to submit valid passports

Ministry of Religious Affairs and Interfaith Harmony has directed the successful hajj applicants of Government Scheme to submit their machine readable passports in their respective banks immediately for further action and processing.
Published 07 May, 2018 12:00am
OIC Conference: Tehmina highlights HR violations in IoK

OIC Conference: Tehmina highlights HR violations in IoK

Foreign Secretary Tehmina Janjua highlighted the grave human rights violations in Indian occupied Kashmir (IoK) during the 45th Session of the OIC Council of Foreign Ministers (CFM), saying that the people of Kashmir remain under the illegal Indian occupa
Published 07 May, 2018 12:00am
Foreign Office urges India to stop massacre of Kashmiris in IoK

Foreign Office urges India to stop massacre of Kashmiris in IoK

Foreign Office on Sunday condemned the killing spree unleashed by Indian forces in the occupied Jammu and Kashmir, urging the Indian government to put an immediate end to the massacre of Kashmiri people. Foreign Office spokesperson Dr Mohammad Faisal took
Published 07 May, 2018 12:00am
Marwar Coalmine collapse: death toll rises to 23

Marwar Coalmine collapse: death toll rises to 23

At least 23 miners were killed and nine others were rescued after two coalmine collapsed in two separate near Marwar and Sooranj area of Quetta district the other day. Commissioner Quetta Division Jawaid Anwar Shahwani said the first incident occurred in
Published 07 May, 2018 12:00am
Victims of Balochistan mines tragedies laid to rest in Shangla

Victims of Balochistan mines tragedies laid to rest in Shangla

Twenty three coal miners killed in Marwar and two other mine incidents in Balochistan were buried after collective funeral prayers in district Shangla Khyber Pakhtunkhwa on Sunday. The deceased were also included two brothers. The injured of the incidents
Published 07 May, 2018 12:00am
Bilawal condoles labourers' death

Bilawal condoles labourers' death

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has expressed deep grief and sorrow over the deaths of 23 labourers in the collapse of a coal mine near Quetta.
Published 07 May, 2018 12:00am
Prices of pulses, vegetables register significant increase

Prices of pulses, vegetables register significant increase

A considerable increase in prices of pulses, chicken, vegetable, flour, and others food items was witnessed in retail market, according to a survey conducted by the Business Recorder here on Sunday. The retail price of one-kilogram Dal Mash has gon
Published 07 May, 2018 12:00am
Anti-polio drive in high-risk districts of KP, Fata begins today

Anti-polio drive in high-risk districts of KP, Fata begins today

A three-day anti-polio campaign will begin in seventeen high-risk districts of Khyber Pakhtunkhwa and FATA from today (Monday). During the campaign, about 5.5 million children up to five years of age will be administered anti-polio drops.
Published 07 May, 2018 12:00am
Civil, military leadership slam attack on Ahsan

Civil, military leadership slam attack on Ahsan

Civil and military leadership including President, Prime Minister, Army Chief and heads of political parties on Sunday strongly condemned the attack on Interior Minister Ahsan Iqbal and prayed for his fast recovery.
Published 07 May, 2018 12:00am
Blast at Afghan voter registration centre kills 13

Blast at Afghan voter registration centre kills 13

A blast at a voter registration centre in Afghanistan's restive east on Sunday killed at least 13 people and wounded 33, a health official said, capping a bloody week in the war-torn country. The bomb had been placed in a tent being used to register voter
Published 07 May, 2018 12:00am
Malaysia halts people-smuggling ship bound for Australia, New Zealand

Malaysia halts people-smuggling ship bound for Australia, New Zealand

Malaysia has arrested more than a dozen members of an alleged people trafficking syndicate after intercepting a ship carrying 127 Sri Lankan migrants believed to be bound for Australia and New Zealand, authorities have said. Maritime authorities on Tuesda
Published 07 May, 2018 12:00am
Erdogan vows more cross-border offensives in election manifesto

Erdogan vows more cross-border offensives in election manifesto

Turkish President Recep Tayyip Erdogan on Sunday vowed to launch further cross-border offensives against terror groups as he revealed his ruling party's manifesto ahead of snap elections on June 24. Erdogan made a series of promises about the economy and
Published 07 May, 2018 12:00am
McCain does not want Trump at his funeral

McCain does not want Trump at his funeral

Senator John McCain, 81 and battling brain cancer, has made clear he does not want President Donald Trump to attend his funeral, US media reported Saturday. McCain, a Vietnam war vet and respected senator from Arizona who has had a turbulent relationship
Published 07 May, 2018 12:00am
Iran jails 16 women for joining IS in Syria

Iran jails 16 women for joining IS in Syria

Sixteen women who went to Syria to join Islamic State have been jailed in Iran, a Tehran prosecutor said on Sunday. The women were also ordered to pay back any money they had received from the Sunni Muslim jihadist group, the judiciary's news website Miza
Published 07 May, 2018 12:00am
North Korea says peace talks not the result of US pressure

North Korea says peace talks not the result of US pressure

North Korea Sunday warned Washington that claiming Pyongyang was forced into talks by US pressure risked returning the peninsula "back to square one", as the world awaits a landmark summit between Kim Jong Un and Donald Trump. The pair are set for the fir
Published 07 May, 2018 12:00am
Islamic nations seek global pressure on Myanmar over Rohingya

Islamic nations seek global pressure on Myanmar over Rohingya

Islamic foreign ministers on Sunday launched a campaign to mobilise international support for action against Myanmar over the Rohingya refugee crisis, officials said. Foreign ministers and diplomats of the 53-member Organization of Islamic Conference (OIC
Published 07 May, 2018 12:00am
Israeli troops shoot dead three Gaza infiltrators

Israeli troops shoot dead three Gaza infiltrators

Three Palestinians were killed when they tried to infiltrate Israel from the Gaza Strip on Sunday, the Israeli army said, the latest shootings linked to tensions along the border. The army said four people "attempted to infiltrate" by breaking through the
Published 07 May, 2018 12:00am
Six killed in Boko Haram attack on Lake Chad island

Six killed in Boko Haram attack on Lake Chad island

Six people were killed, including four government officials and a soldier, in an attack by Boko Haram jihadists on a Chadian army checkpoint on an island in Lake Chad, a military source told AFP Sunday. The overnight killings, which cost the life of a civ
Published 07 May, 2018 12:00am
German president sees 'substantial change' in trans-Atlantic ties

German president sees 'substantial change' in trans-Atlantic ties

German President Frank-Walter Steinmeier voiced concern Sunday over a "substantial change" in trans-Atlantic ties, amid European tensions with US President Donald Trump over trade, defence and the Iran nuclear deal. Steinmeier, Germany's largely ceremonia
Published 07 May, 2018 12:00am
Israel doesn't know if Trump will pull out of Iran deal

Israel doesn't know if Trump will pull out of Iran deal

US President Donald Trump has not informed Israel of whether he will withdraw from the Iran nuclear deal it opposes on or before a May 12 deadline, a senior Israeli official said Sunday. The comments came as Israel pushed its case to have the deal changed
Published 07 May, 2018 12:00am
Iraqi warplanes targeted IS jihadists in Syria

Iraqi warplanes targeted IS jihadists in Syria

Iraqi warplanes carried out a raid Sunday targeting Islamic State group commanders in eastern Syria, in the second such strike on the jihadists since mid-April, the premier's office said. Prime Minister Haider al-Abadi ordered the "painful strike" which t
Published 07 May, 2018 12:00am
Michelle Obama says no miracle candidate will 'save' America

Michelle Obama says no miracle candidate will 'save' America

Michelle Obama urged women not to expect a miracle candidate to "save" America on Saturday, indicating again she has no plans to run for president as some have speculated. The former first lady, 54, was greeted like a rock star at a conference called the
Published 07 May, 2018 12:00am
Stormy Daniels taunts fake Trump as lawyer presses media blitz

Stormy Daniels taunts fake Trump as lawyer presses media blitz

Porn actress Stormy Daniels took aim at Donald Trump on Saturday Night Live with comedy as her lawyer pressed forward Sunday with a straight-faced media offensive against the president. Daniels and her lawyer Michael Avenatti appear emboldened by the reve
Published 07 May, 2018 12:00am
Lawyer says Trump could defy potential subpoena in Russia probe

Lawyer says Trump could defy potential subpoena in Russia probe

Presidential lawyer Rudy Giuliani said Sunday that Donald Trump would not be required to comply with a potential subpoena from the special counsel investigating possible collusion with Russia. But Giuliani, whose statements since he recently joined Trump'
Published 07 May, 2018 12:00am
Tunisia votes in first free municipal elections

Tunisia votes in first free municipal elections

Tunisia held its first free municipal elections Sunday as voters expressed frustration at the slow pace of change since the 2011 revolution in the cradle of the Arab Spring. The election has been touted as another milestone on the road to democracy in the
Published 07 May, 2018 12:00am
India police arrest main suspect after teen raped, burned alive

India police arrest main suspect after teen raped, burned alive

Indian police said Sunday they have arrested the main suspect in the latest gang rape-murder to shock the country as protests took place over a separate high-profile sexual assault case. The rape of a 16-year-old who was later burned alive in the eastern
Published 07 May, 2018 12:00am
Saudi Arabia detains 'thousands' for months without trial: HRW

Saudi Arabia detains 'thousands' for months without trial: HRW

Saudi Arabia has detained thousands of people for years without trial, Human Rights Watch said Sunday, slamming the country's powerful crown prince for the "arbitrary detentions". Official data from the interior ministry, analysed by HRW, showed that auth
Published 07 May, 2018 12:00am
Century-maker Shafiq leads Pakistan run-spree

Century-maker Shafiq leads Pakistan run-spree

Asad Shafiq made a hundred as several Pakistan batsmen spent valuable time in the middle on Saturday ahead of Test matches against Ireland and England. At stumps on the second day of four, Pakistan were 357 for seven in reply to Northamptonshire's first i
Published 07 May, 2018 12:00am
National Cycling Championship begins

National Cycling Championship begins

The 3rd edition of the National Road Women and Men Cycling Championship got under way here at Northern Bye-Pass Motorway here Sunday with more than 100 cyclists from across Pakistan are taking part. Secretary General, Pakistan Cycling Federation Syed Azha
Published 07 May, 2018 12:00am
'Merci Arsene' as Arsenal rout Burnley in Wenger farewell

'Merci Arsene' as Arsenal rout Burnley in Wenger farewell

Arsene Wenger enjoyed a 5-0 thrashing of Burnley in his final home game in charge of Arsenal after 22 years as manager on a day dominated by tributes to the Frenchman. Both teams formed a guard of honour for Wenger, 68, before kick-off to a chorus of "the
Published 07 May, 2018 12:00am
Khushal leads in third Nur Khan Memorial Ranking Golf

Khushal leads in third Nur Khan Memorial Ranking Golf

National golfer Khushal Khan led the way with his gross par 144 score over 36 holes of the 54-holes 3rd Nur Khan Memorial National Ranking Golf Championship being played here at PAF Golf Course. Khushal Khan carded 36 at front nine and one under 35 at bac
Published 07 May, 2018 12:00am
Marquez master of crash marred Spanish GP

Marquez master of crash marred Spanish GP

Spaniard Marc Marquez (Honda) flew past the chequered flag way ahead of his rivals in the Spanish Grand Prix at Jerez de la Frontera on Sunday, climbing atop the MotoGp championship standings in the process. Frenchman Johann Zarco on his Yamaha Tech3 fini
Published 07 May, 2018 12:00am
Bellew beats Haye again in British heavyweight grudge match

Bellew beats Haye again in British heavyweight grudge match

Tony Bellew appeared to have all but ended David Haye's career with a fifth-round stoppage win over his rival British heavyweight in their grudge re-match in London on Saturday. The pair had become as well-known for their pre-match dust-ups and verbal tau
Published 07 May, 2018 12:00am
Sharapova rediscovers winning form on Madrid clay

Sharapova rediscovers winning form on Madrid clay

Maria Sharapova won for the first time since the Australian Open as she beat Mihaela Buzarnescu, 6-4, 6-1, on Sunday in the Madrid Open. The Russian five-time Grand Slam champion has been struggling with an arm injury, losing her last four matches, crashi
Published 07 May, 2018 12:00am
Home favourite Sousa lands Estoril crown

Home favourite Sousa lands Estoril crown

Portugal's Joao Sousa became the first home player to win the Estoril Open title as he defeated Frances Tiafoe 6-4, 6-4 in Sunday's final. It was a third career title for Sousa from his 10th final. The 29-year-old, ranked 68th in the world, also won Valen
Published 07 May, 2018 12:00am
City lift Premier League trophy

City lift Premier League trophy

It took three weeks for Manchester City captain Vincent Kompany to finally get his hands on the Premier League trophy but, on a day of celebrations at the Etihad, a goalless draw may have left Huddersfield Town as the big winners. A strong showing from th
Published 07 May, 2018 12:00am
Zverev takes Munich Open final

Zverev takes Munich Open final

Germany's world No.3 Alexander Zverev beat veteran compatriot Philipp Kohlschreiber 6-3, 6-3 to win the Munich ATP Open for a second consecutive year on Sunday. The fresh-faced 21-year-old from Hamburg, who is coached by his father, beat Argentina's Guido
Published 07 May, 2018 12:00am
Giroud sinks Liverpool to keep Chelsea's top four bid alive

Giroud sinks Liverpool to keep Chelsea's top four bid alive

Olivier Giroud boosted Chelsea's bid to snatch a place in the Premier League's top four as the France striker sealed a 1-0 win over Liverpool that brought the Champions League finalists back down to earth on Sunday. Giroud's first-half header at Stamford
Published 07 May, 2018 12:00am
Cardiff promoted to Premier League, Barnsley and Burton relegated

Cardiff promoted to Premier League, Barnsley and Burton relegated

Cardiff City secured promotion to the Premier League after a goalless draw with Reading on Sunday helped them clinch second place in the second tier Championship on the final day of the campaign. Fulham, who were in contention for automatic promotion to t
Published 07 May, 2018 12:00am
Planemakers risk order disruption as Etihad reviews strategy

Planemakers risk order disruption as Etihad reviews strategy

Airbus and Boeing are preparing for possible changes to dozens of plane orders from Middle East carrier Etihad Airways as it presses ahead with a company-wide review, four sources familiar with the matter said. Etihad has been reviewing its business since
Published 07 May, 2018 12:00am
Dubai's Abraaj to sell Middlesex University in Dubai

Dubai's Abraaj to sell Middlesex University in Dubai

Dubai's Abraaj, the private equity firm rocked by a dispute with some investors over how it used their money, is in talks to sell its investment in Middlesex University's overseas campus in Dubai, two sources familiar with the matter told Reuters. Discuss
Published 07 May, 2018 12:00am
Buffett says Berkshire Hathaway is sound even without him

Buffett says Berkshire Hathaway is sound even without him

Investor guru Warren Buffett, 87, told shareholders Saturday that his holding company Berkshire Hathaway will continue to prosper after he is gone. At an annual shareholders' meeting in his home town of Omaha, Nebraska, Buffett was peppered with questions
Published 07 May, 2018 12:00am
Saudi Arabia aims to build buses, operate toll roads: minister

Saudi Arabia aims to build buses, operate toll roads: minister

Saudi Arabia has held preliminary discussions with foreign firms about manufacturing buses domestically and plans to convert part of its highway system into toll roads to help make its transport system more efficient, the transport minister said. "We are
Published 07 May, 2018 12:00am
Fears as Cambodia's 'last independent' newspaper sold

Fears as Cambodia's 'last independent' newspaper sold

A newspaper hailed as Cambodia's last independent English daily has been sold to a Malaysian investor with apparent business links to premier Hun Sen, rattling a journalist community that has been battered by the strongman ahead of elections.
Published 07 May, 2018 12:00am
Air France's future in the balance, warns minister

Air France's future in the balance, warns minister

France's economy minister on Sunday warned that the survival of strike-hit Air France was in the balance following the departure of the company's chief executive over a pay dispute. Unionised staff are set to walk out for the 14th day on Monday as they pr
Published 07 May, 2018 12:00am
US companies weigh price hikes as material costs rise

US companies weigh price hikes as material costs rise

Higher costs for oil, industrial metals and other materials have emerged as a headwind during US earnings season, amplifying inflation worries at the same time the labour market is tightening. Companies from across the US economy cited the drag from suppl
Published 07 May, 2018 12:00am
Sale of debt-laden Air India fails to take off

Sale of debt-laden Air India fails to take off

The Indian government's attempt to sell debt-laden national carrier Air India is in danger of hitting the skids as a key deadline looms with no bidder in sight. Prime Minister Narendra Modi's administration announced in March that it would privatise the b
Published 07 May, 2018 12:00am
Banks don't want to be weakest link in blockchain revolution

Banks don't want to be weakest link in blockchain revolution

Blockchain, the cutting-edge technology behind virtual currencies like bitcoin, has the potential to play a disruptive role in the global finance sector, experts say, as banking behemoths seek to connect with its opportunities. While banks could reduce th
Published 07 May, 2018 12:00am
UK, US launch biggest-ever study of Antarctic glacier

UK, US launch biggest-ever study of Antarctic glacier

Britain and the United States on Monday launched a research programme billed "the most detailed and extensive examinations of a massive Antarctic glacier ever undertaken" to gauge how quickly it could collapse. Teams from Britain's Natural Environment Res
Published 07 May, 2018 12:00am
Poor diet delays pregnancy, curbs fertility

Poor diet delays pregnancy, curbs fertility

Women who shun fruit or eat lots of fast food take longer to get pregnant and are less likely to conceive within a year, according to a study released on Thursday. A nearly no-fruit diet compared to one loaded with three or more pieces per day added about
Published 07 May, 2018 12:00am
Some antidepressants may be linked to dementia

Some antidepressants may be linked to dementia

Long-term use of certain anti-depressants have been linked to dementia in a large British study, researchers said on Thursday, though they could not definitively conclude that the drugs were the cause. The study in more than 300,000 people in Britain foun
Published 07 May, 2018 12:00am
Discovery of malaria parasite survival genes offers new targets

Discovery of malaria parasite survival genes offers new targets

Scientists have identified the core genes that are essential for the deadliest malaria parasite to survive, revealing new targets for drugs or vaccines to fight the potentially deadly disease they cause in people. Using new genomic techniques to analyze t
Published 07 May, 2018 12:00am
New Delhi, Patna most polluted among over 4,300 cities: WHO

New Delhi, Patna most polluted among over 4,300 cities: WHO

India should follow China's example and clean up the air in its cities, which are among the world's worst for outdoor pollution, the World Health Organization said on Wednesday. The WHO's database of more than 4,300 cities showed Indian cities such as New
Published 07 May, 2018 12:00am
Total EU carbon emissions rise 1.8 percent last year

Total EU carbon emissions rise 1.8 percent last year

Carbon emissions from burning oil, coal and gas rose in most European Union countries in 2017, data showed on Friday, in a sign the bloc was struggling to reduce greenhouse gas blamed for climate change. The Eurostat statistics office said carbon dioxide
Published 07 May, 2018 12:00am
Face masks may be ineffective against air pollution

Face masks may be ineffective against air pollution

Face masks available to consumers in China for protection against air pollution vary widely in their real-world performance, suggests a recent study. Although a mask may filter tiny particles as advertised, face size and shape as well as movement can lead
Published 07 May, 2018 12:00am
Obesity tied to worse disability in rheumatoid arthritis

Obesity tied to worse disability in rheumatoid arthritis

People with rheumatoid arthritis and obesity may be more likely to become disabled than their counterparts who maintain a healthier weight, a US study suggests. Researchers examined data more than 25,000 patients with rheumatoid arthritis. Most were overw
Published 07 May, 2018 12:00am
Sovereign funds flock to developing-world startups

Sovereign funds flock to developing-world startups

Sovereign investors are helping fuel billion-dollar funding rounds for emerging-market tech startups, where companies and their backers are fighting for first-mover advantage in the digital space. The aim is to find firms that can replicate the models of
Published 07 May, 2018 12:00am
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