BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Archive - 2018-05-28
Lithuania set to join OECD
Europe

Lithuania set to join OECD

VILNIUS: Lithuania will join the Organisation for Economic Co-operation and Development (OECD) this week, hoping members
Published 28 May, 2018 03:00pm
America: post-strategy
Miscellaneous

America: post-strategy

While some of President Trumps loyalists and supporters (himself included) consider him a tough negotiator, it often see
Updated 28 May, 2018 07:41am
Targeting tourism
Miscellaneous

Targeting tourism

The PTI’s 100-day plan has received its fair bit of criticism. To boost GDP growth, though, the two sectors the insurgen
Published 28 May, 2018 07:04am
Caretaking PSX equities
Miscellaneous

Caretaking PSX equities

Hang on a minute! Why is it so the benchmark index Pakistan Stock Exchange (PSX) has lost 10 percent in the fiscal year
Published 28 May, 2018 07:03am
PA endorses KPK-Fata merger

PA endorses KPK-Fata merger

Khyber Pakhtunkhwa Assembly Sunday passed the historic bill to endorse FATA merger with Khyber Pakhtunkhwa with two-thirds majority. The session held to vote for the bill was presided over by KP Assembly Speaker Asad Qaiser, where KP Chief Minister Pervai
Published 28 May, 2018 12:00am
PA endorses KPK-Fata merger

PA endorses KPK-Fata merger

Khyber Pakhtunkhwa Assembly Sunday passed the historic bill to endorse FATA merger with Khyber Pakhtunkhwa with two-thirds majority. The session held to vote for the bill was presided over by KP Assembly Speaker Asad Qaiser, where KP Chief Minister Pervai
Published 28 May, 2018 12:00am
Population census results get no CCI sanction

Population census results get no CCI sanction

A meeting of the Council of Common Interests (CCI) on Sunday was unable to approve the final results of Population Census conducted last year across the country after a gap of 20 years without a third- party audit. Sources said that CCI meeting presided o
Published 28 May, 2018 12:00am
Population census results get no CCI sanction

Population census results get no CCI sanction

A meeting of the Council of Common Interests (CCI) on Sunday was unable to approve the final results of Population Census conducted last year across the country after a gap of 20 years without a third- party audit. Sources said that CCI meeting presided o
Published 28 May, 2018 12:00am
Gilgit-Baltistan Order 2018: GB government to enjoy greater powers: PM

Gilgit-Baltistan Order 2018: GB government to enjoy greater powers: PM

Prime Minister Shahid Khaqan Abbasi on Sunday, while spelling out the provisions of the newly promulgated Gilgit-Baltistan Order 2018, said the law would make GB government even more powerful than other provincial governments and grant similar basic right
Published 28 May, 2018 12:00am
Gilgit-Baltistan Order 2018: GB government to enjoy greater powers: PM

Gilgit-Baltistan Order 2018: GB government to enjoy greater powers: PM

Prime Minister Shahid Khaqan Abbasi on Sunday, while spelling out the provisions of the newly promulgated Gilgit-Baltistan Order 2018, said the law would make GB government even more powerful than other provincial governments and grant similar basic right
Published 28 May, 2018 12:00am
Equities rebound

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on May 25, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 70.68 points on week-on-week basis to close at 4,491.56 points. Average daily trading volume
Published 28 May, 2018 12:00am
Equities rebound

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on May 25, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 70.68 points on week-on-week basis to close at 4,491.56 points. Average daily trading volume
Published 28 May, 2018 12:00am
Equities rebound

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on May 25, 2018 on the back of healthy buying in various sectors. BRIndex100 gained 70.68 points on week-on-week basis to close at 4,491.56 points. Average daily trading volume
Published 28 May, 2018 12:00am
Futures spread down by 489 basis points

Futures spread down by 489 basis points

The futures spread declined by 489bps on the last day of the outgoing week to negative 0.38 percent. Trading activities on the futures counter significantly improved as average daily volumes increased by 258.6 percent to 112.25 million shares. Average dai
Published 28 May, 2018 12:00am
Futures spread down by 489 basis points

Futures spread down by 489 basis points

The futures spread declined by 489bps on the last day of the outgoing week to negative 0.38 percent. Trading activities on the futures counter significantly improved as average daily volumes increased by 258.6 percent to 112.25 million shares. Average dai
Published 28 May, 2018 12:00am
Pakistan thrash England to win first Test

Pakistan thrash England to win first Test

Pakistan completed a convincing nine-wicket victory over England to win the first Test at Lord's with more than a day to spare on Sunday. Set just 64 for victory on the fourth morning, Pakistan finished on 66 for one before lunch to go 1-0 up in this two-
Published 28 May, 2018 12:00am
Pakistan thrash England to win first Test

Pakistan thrash England to win first Test

Pakistan completed a convincing nine-wicket victory over England to win the first Test at Lord's with more than a day to spare on Sunday. Set just 64 for victory on the fourth morning, Pakistan finished on 66 for one before lunch to go 1-0 up in this two-
Published 28 May, 2018 12:00am
US, North Korean officials meet for talks on summit

US, North Korean officials meet for talks on summit

American and North Korean officials met at the border between North and South Korea on Sunday in preparation for a possible North Korea-US summit, as North Korea's Kim Jong Un was cited as reaffirming his commitment to meet with US President Donald Trump.
Published 28 May, 2018 12:00am
US, North Korean officials meet for talks on summit

US, North Korean officials meet for talks on summit

American and North Korean officials met at the border between North and South Korea on Sunday in preparation for a possible North Korea-US summit, as North Korea's Kim Jong Un was cited as reaffirming his commitment to meet with US President Donald Trump.
Published 28 May, 2018 12:00am
Amnesty Scheme: FBR reluctant to provide data to FTO

Amnesty Scheme: FBR reluctant to provide data to FTO

The Federal Board of Revenue (FBR) is reluctant to provide data to the Federal Tax Ombudsman (FTO) and repeatedly sought extension in time to file comments against complaint for recovery of untaxed/black money introduced under Amnesty Scheme earlier notif
Published 28 May, 2018 12:00am
Amnesty Scheme: FBR reluctant to provide data to FTO

Amnesty Scheme: FBR reluctant to provide data to FTO

The Federal Board of Revenue (FBR) is reluctant to provide data to the Federal Tax Ombudsman (FTO) and repeatedly sought extension in time to file comments against complaint for recovery of untaxed/black money introduced under Amnesty Scheme earlier notif
Published 28 May, 2018 12:00am
Amnesty Scheme: FBR reluctant to provide data to FTO

Amnesty Scheme: FBR reluctant to provide data to FTO

The Federal Board of Revenue (FBR) is reluctant to provide data to the Federal Tax Ombudsman (FTO) and repeatedly sought extension in time to file comments against complaint for recovery of untaxed/black money introduced under Amnesty Scheme earlier notif
Published 28 May, 2018 12:00am
ISI wasn't behind Faizabad sit-in: MoD

ISI wasn't behind Faizabad sit-in: MoD

Islamabad High Court has made public a Ministry of Defence report regarding the sit-in and subsequent operation last year against Tehreek-e-Labbaik (TLYR) protestors at Faizabad interchange. According to the report, the government officials have rejected
Published 28 May, 2018 12:00am
ISI wasn't behind Faizabad sit-in: MoD

ISI wasn't behind Faizabad sit-in: MoD

Islamabad High Court has made public a Ministry of Defence report regarding the sit-in and subsequent operation last year against Tehreek-e-Labbaik (TLYR) protestors at Faizabad interchange. According to the report, the government officials have rejected
Published 28 May, 2018 12:00am
AJK LA passes Rs 108 billion budget for 2018-2019

AJK LA passes Rs 108 billion budget for 2018-2019

The Azad Jammu and Kashmir (AJK) legislative Assembly (LA) Sunday passed Rs 108 billion budget for fiscal year 2018-19 unanimously rejecting a number of cut motions presented by some members. The house passed 53 demands for grants (32 of recurring expendi
Published 28 May, 2018 12:00am
AJK LA passes Rs 108 billion budget for 2018-2019

AJK LA passes Rs 108 billion budget for 2018-2019

The Azad Jammu and Kashmir (AJK) legislative Assembly (LA) Sunday passed Rs 108 billion budget for fiscal year 2018-19 unanimously rejecting a number of cut motions presented by some members. The house passed 53 demands for grants (32 of recurring expendi
Published 28 May, 2018 12:00am
MPS: Recognition of the true picture

MPS: Recognition of the true picture

The Monetary Policy Committee (MPC) of the State Bank has decided to raise the policy rate by 50 basis points (bps) to 6.50 percent per annum for the next two months and for all the right reasons. According to the MPS, the balance of risks to the sustaina
Published 28 May, 2018 12:00am
Trump's double-speak?

Trump's double-speak?

It is only US President Donald Trump's unpredictability that knows no bounds. Consider: Less than 24 hours after cancelling the much-anticipated summit with Kim Jong-un and boasting about who has more "massive" nukes, Trump took a big U-turn and tweeted a
Published 28 May, 2018 12:00am
The PML-N narrative
Currency

The PML-N narrative

As the Pakistan Muslim League-Nawaz (PML-N) comes to the end of its five-year term in another three days it continues to project two distinct economic narratives. One is led by Nawaz Sharif, the proclaimed leader by party stalwarts irrespective of his dis
Published 28 May, 2018 12:00am
Guns to shoot out dreams

Guns to shoot out dreams

She represented the best of Pakistan and he represented the worst of America. But surely it is more than that. Sabika Sheikh, a 17-year-old exchange student, was murdered at Santa Fe School Texas by Dimitrios Pagourtciz, a 17-year-old American student, si
Published 28 May, 2018 12:00am
Iran sanctions shadow falls on smaller German banks

Iran sanctions shadow falls on smaller German banks

Germany's biggest lenders have shied away from business with Iran after past penalties for breaching US sanctions, but smaller banks have leapt on opportunities afforded by the nuclear deal rejected by Donald Trump. There are just months to go until a Nov
Published 28 May, 2018 12:00am
PTI's 'first 100 days in government' agenda

PTI's 'first 100 days in government' agenda

Business Recorder op-ed writer Farhat Ali in his last op-ed "PTI's 'first 100-day' agenda: welcome shift" carried by the newspaper on Saturday had heaped some unwarranted praise on federal minister Miftah Ismail by arguing that "Miftah Ismail has m
Published 28 May, 2018 12:00am
Karachi may have another heat wave spell from Tuesday

Karachi may have another heat wave spell from Tuesday

Pakistan Meteorological Department said on Sunday that another heat-wave spell is likely to hit Karachi and its surrounding areas from May 29 to May 31, 2018, Tuesday to Thursday. Maximum temperature is expected to remain in the range of 40-44ºC during th
Published 28 May, 2018 12:00am
Six TTP militants killed in Gujrat 'encounter'

Six TTP militants killed in Gujrat 'encounter'

Security officials in Punjab said Sunday that anti-terrorism force killed six Taliban militants in an overnight operation in Gujrat district. The Counter Terrorism Department conducted an Intelligence Based Operation (IBO) at 11 pm Saturday and disturbed
Published 28 May, 2018 12:00am
Anti-encroachment drive

Anti-encroachment drive

On the directives of District Municipal Corporation (DMC) South Malik Fayyaz, anti encroachment camp have been established at Empress Market Saddar here on Sunday. According to Director Anti Encroachment Cell Syed Kazim Shah, the campaign has been started
Published 28 May, 2018 12:00am
PTI parliamentary board meets on May 31

PTI parliamentary board meets on May 31

As the Election Commission has fixed 25th July date for holding the national and provincial assemblies general election, Pakistan Tehreek-e-Insaf Parliamentary Board is meeting on May 31 to finalize the candidates from constituencies and issue them ticket
Published 28 May, 2018 12:00am
Expert calls for ban on fishing during breeding season

Expert calls for ban on fishing during breeding season

An expert on fisheries and environment, Omar Hayat, has called for the strict implementation of ban on fishing in June and July because of breeding season of shrimp and other fishes at sea to reverse the existing depleting situation of fisheries resources
Published 28 May, 2018 12:00am
Officials complete electoral training in Sindh

Officials complete electoral training in Sindh

A total of 169 returning officers, district election commissioners and regional election commissioners have received electoral training in Karachi, Hyderabad and Sukkur so far in connection with the General Election 2018. While 23 returning officers and d
Published 28 May, 2018 12:00am
PM pays tribute to martyrs of Gilgit liberation movement

PM pays tribute to martyrs of Gilgit liberation movement

Prime Minister Shahid Khaqan Abbasi on Sunday laid wreath at Yadgar-e-Shuhada (monument of the martyrs) at Chinar Bagh here to pay tribute to the martyrs of Gilgit's liberation movement from Dogra rule. The prime minister also offered Fateha for the marty
Published 28 May, 2018 12:00am
Mirwaiz condemns police action at Jamia Masjid

Mirwaiz condemns police action at Jamia Masjid

The Chairman of Hurriyat forum Mirwaiz Umar Farooq in Indian occupied Kashmir visited SMHS hospital to inquire after the health of the people injured in police action on worshipers at Jamia Masjid in Srinagar. According to Kashmir Media Service, Mirwaiz U
Published 28 May, 2018 12:00am
JUI-F workers clash with police

JUI-F workers clash with police

Fuming workers of Jamiat Ulema-e-Islam-Fazl (JUI-F) workers clashed with police officials outside Khyber Pakhtunkhwa (KP) assembly where provincial legislators adopted Fata-KP merger bill. Speaker Asad Qaiser presided over KP Assembly session where Chief
Published 28 May, 2018 12:00am
Musadik for setting up of TRC

Musadik for setting up of TRC

Special Assistant to Prime Minister on Media Affairs, Senator Dr Musadik Malik has said formation of Truth and Reconciliation commission (TRC) was in a best national interest to bring political and economic stability. The constitution of commission was im
Published 28 May, 2018 12:00am
AJK president for promoting quality education

AJK president for promoting quality education

AJK President Sardar Masood Khan has emphasized the need to invest in innovative and cutting-edge disciplines at the public sector universities across AJK helping promote quality higher education. The president made these remarks while chairing the Senate
Published 28 May, 2018 12:00am
FPCCI's performance criticized

FPCCI's performance criticized

The opposition group in FPCCI, the Businessmen Panel (BMP) has expressed dissatisfaction with performance of Federation of Pakistan Chambers of Commerce and Industry and said it is losing its identity in the public sector as well as in international bodie
Published 28 May, 2018 12:00am
Shahbaz felicitates nation on Youm-e-Takbeer

Shahbaz felicitates nation on Youm-e-Takbeer

President PML-N and Chief Minister Punjab Muhammad Shahbaz Sharif has congratulated the nation on the occasion of Youm-e-Takbeer, the day exploded its nuclear bombs 20 years ago. In his message on this occasion, Shahbaz said that May 28 holds a significan
Published 28 May, 2018 12:00am
Caretaker setup: Nawaz, Zardari responsible for delay: Baloch

Caretaker setup: Nawaz, Zardari responsible for delay: Baloch

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that besides the Prime Minister and the Leader of the Opposition, Nawaz Sharif and Asif Ali Zardari were also responsible for the delay in the announcement of the care taker set up. He was addres
Published 28 May, 2018 12:00am
No political activity will be tolerated at ASH: Waseem

No political activity will be tolerated at ASH: Waseem

Mayor Karachi Waseem Akhtar on Sunday urged the doctors and paramedical staff of Abbasi Shaheed Hospital to bring improvement in the provision of medical treatment facilities to patients. This hospital is a medical treatment centre and therefore any polit
Published 28 May, 2018 12:00am
JI chief urges ECP to ensure free and fair elections

JI chief urges ECP to ensure free and fair elections

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has welcomed the announcement of the elections date and has stressed upon the Election Commission to discharge its duties fully to ensure fair, free and transparent elections. Addressing an Ijtema of the JI m
Published 28 May, 2018 12:00am
Political parties: ECP to hold consultative meeting on Thursday

Political parties: ECP to hold consultative meeting on Thursday

Election Commission has planned to hold a consultative meeting of all political parties having representation in the parliament on Thursday. According to ECP, the meeting will finalize the code of ethics for political parties, contesting candidates, elect
Published 28 May, 2018 12:00am
Pre-monsoon season may start from mid-June

Pre-monsoon season may start from mid-June

Overall above normal temperatures are being observed in the country which may lead to severe weather conditions for next two weeks in the country followed by pre-monsoon rain from mid of June. Spokesman of Pakistan Meteorological Department, Dr Khalid Mah
Published 28 May, 2018 12:00am
Punjab introduces new technique to promote agriculture sector

Punjab introduces new technique to promote agriculture sector

Punjab government has launched a comprehensive programme to introduce new techniques to promote agriculture sector on modern lines and to save the irrigation water from wastage through modern irrigation system to cope with the fast climatic changes. Sourc
Published 28 May, 2018 12:00am
KP Assembly speaker demands 10-year tax exemption for Pata, Fata

KP Assembly speaker demands 10-year tax exemption for Pata, Fata

Few hours before the important session of Khyber Pakhtunkhwa Assembly to pass Fata reforms bill, Speaker of the KP Assembly, Asad Qaiser expressed concerns regarding the issue of tax exemption enjoyed by the people of Malakand Division. He said that the b
Published 28 May, 2018 12:00am
Stakeholders take to streets against Gilgit-Baltistan Order 2018

Stakeholders take to streets against Gilgit-Baltistan Order 2018

The proposed 'Gilgit Baltistan Order 2018' which is likely to replace 'The GB Empowerment and Self-Governance Order 2009' triggered an instant reaction from the stakeholders including the opposition parties and area residents as thousands of protesters ha
Published 28 May, 2018 12:00am
US sanctions on Iran hit Indian plans of regional dominance: PEW

US sanctions on Iran hit Indian plans of regional dominance: PEW

The Pakistan Economy Watch (PEW) has said the new sanctions of the US on Iran have damaged the Indian plans to become a dominant regional player. PEW president Murtaza Mughal has said that the US sanctions have put a question mark on the future of Chabaha
Published 28 May, 2018 12:00am
Gilgit residents up in arms over GB Order 2018

Gilgit residents up in arms over GB Order 2018

Protests broke out in 10 districts of Gilgit-Baltistan on Sunday as people are up in arms about what they say is an "anti-people" executive order. Residents of Gilgit-Baltistan boycotted all economic activity and staged protests.
Published 28 May, 2018 12:00am
99 percent targeted kids vaccinated against polio in KP: EOC

99 percent targeted kids vaccinated against polio in KP: EOC

The May round of anti-polio campaign, successfully concluded in selected districts of Khyber Pakhtunkhwa with 99.25 percent vaccination status reflecting the hard work and commitment of the teams on ground that brave many challenges to vaccinate the targe
Published 28 May, 2018 12:00am
Two traffic policemen martyred in Quetta

Two traffic policemen martyred in Quetta

Two traffic police personnel were martyred by two unknown suspects, while both the attackers were killed in retaliation soon after the incident by police at Sirky Road area here on Sunday. According to police sources, the victims were on their duty when u
Published 28 May, 2018 12:00am
EDF approves Rs 73.7 million funding for PHDEC

EDF approves Rs 73.7 million funding for PHDEC

The Board of Administrators of Export Development Fund (EDF) has approved Rs 73.7 million funding for Pakistan Horticulture Development & Export Company (PHDEC), well informed sources told Business Recorder. EDF Board in its meeting, held on Januar
Published 28 May, 2018 12:00am
Shahbaz slams Indian oppression in IHK

Shahbaz slams Indian oppression in IHK

President PML-N and Chief Minister Punjab Muhammad Shahbaz Sharif has strongly condemned Indian Army's oppression in occupied Kashmir. He has expressed deep sense of sorrow and grief over the martyrdom of Kashmiri youth and extended his sympathy and condo
Published 28 May, 2018 12:00am
Prices of essential food items continue to spiral out of control

Prices of essential food items continue to spiral out of control

Prices of essential food commodities have remained high-side during first 10-day of the holy month of Ramazan, as authorities concerned failed to implement official rates, it was revealed in a survey conducted by Business Recorder here on Sunday.
Published 28 May, 2018 12:00am
US warships sail near South China Sea islands claimed by Beijing

US warships sail near South China Sea islands claimed by Beijing

Two US Navy warships sailed near South China Sea islands claimed by China on Sunday, two US officials told Reuters, in a move that drew condemnation from Beijing as President Donald Trump seeks its continued cooperation on North Korea.
Published 28 May, 2018 12:00am
London introduces contactless payments for buskers

London introduces contactless payments for buskers

London is introducing a contactless payment scheme for buskers in what organisers said would be a world first, Mayor Sadiq Khan said on Sunday as he unveiled a partnership with tech company iZettle. Under the "Busk in London" programme, street musicians i
Published 28 May, 2018 12:00am
Three day mourning for dozens dead in Uganda bus crash

Three day mourning for dozens dead in Uganda bus crash

Ugandan President Yoweri Museveni on Sunday declared three days of mourning after dozens died when a speeding bus hit a tractor at night and then ploughed into a truck. The Red Cross put the toll at 48 dead, including 16 children, but police said 22 died
Published 28 May, 2018 12:00am
May refuses to relax Northern Ireland abortion rules

May refuses to relax Northern Ireland abortion rules

British Prime Minister Theresa May faces a showdown with ministers and lawmakers in her Conservative party after refusing to back reform of Northern Ireland's highly restrictive abortion rules after neighbouring Ireland's vote to liberalise its laws.
Published 28 May, 2018 12:00am
Hundreds march in Hong Kong to mark Tiananmen crackdown

Hundreds march in Hong Kong to mark Tiananmen crackdown

Hundreds marched through Hong Kong on Sunday ahead of the 29th anniversary of China's crackdown on democracy protesters in Beijing's Tiananmen Square. Semi-autonomous Hong Kong is the only place on Chinese soil where the anniversary is openly marked with
Published 28 May, 2018 12:00am
Mexican cartel leader's wife captured

Mexican cartel leader's wife captured

Mexican authorities have arrested the wife of the leader of one of the country's most powerful drug cartels, Jalisco New Generation, in the city of Guadalajara, local media reported. Rosalinda Gonzalez Valencia, the wife of Nemesio Oseguera Cervantes, ali
Published 28 May, 2018 12:00am
Saudi Arabia says two soldiers killed in Yemen fighting

Saudi Arabia says two soldiers killed in Yemen fighting

Saudi Arabia has said that two of its soldiers were killed in fighting against Yemen's Huthi rebels as the kingdom reported foiling a drone attack on a southern airport. The official SPA news agency reported late Saturday that two soldiers from the nation
Published 28 May, 2018 12:00am
Nipah claims another victim in India, death toll now 13

Nipah claims another victim in India, death toll now 13

Another patient has died in India from the Nipah virus, taking the number of fatalities from an outbreak of the rare disease to 13, authorities said Sunday. Officials in the southwestern state of Kerala said that in addition to the latest fatality two pat
Published 28 May, 2018 12:00am
Colombians vote for new president with peace deal at stake

Colombians vote for new president with peace deal at stake

Colombians voted on Sunday in a deeply divisive presidential ballot that has stirred concern the winner could upset a fragile peace accord with Marxist FARC rebels and risk former fighters returning to combat as they fear for their future.
Published 28 May, 2018 12:00am
Freed from a Venezuela jail, US couple arrive back home

Freed from a Venezuela jail, US couple arrive back home

An American couple who spent nearly two years in a Venezuelan jail received a heroes' welcome at the White House as they returned home Saturday after Caracas freed them in a bid to spur dialogue with Washington. But US officials immediately quashed any su
Published 28 May, 2018 12:00am
US sanctions on Venezuela to continue: Pence

US sanctions on Venezuela to continue: Pence

United States sanctions on Venezuela will continue, Vice President Mike Pence said on Saturday, despite the release of an American and his wife from a Venezuelan jail. "Very glad that Josh Holt is now back home with his family - where he has always belong
Published 28 May, 2018 12:00am
Thousands square off in Berlin far-right rally and counter demos

Thousands square off in Berlin far-right rally and counter demos

Thousands of demonstrators for and against the far-right faced off in mass rival rallies in Berlin on Sunday, where calls of "We are the people" were countered with "Go away, Nazis" and techno beats. Police, who were out in force to keep the groups apart,
Published 28 May, 2018 12:00am
Baby 'Miracle' born on rescue ship as Italy arrivals surge

Baby 'Miracle' born on rescue ship as Italy arrivals surge

A baby boy named Miracle has been born on board a humanitarian ship - a bright spot as the tide of migrants risking sea crossings from Libya to Italy has increased as the weather has improved. There have been more than 1,800 migrants rescued by humanitari
Published 28 May, 2018 12:00am
Spain saves over 500 migrants at sea

Spain saves over 500 migrants at sea

Spain's maritime rescue service said Sunday it had rescued 532 migrants who were attempting the perilous crossing of the Mediterranean Sea from north Africa this weekend. Rescue boats intercepted 239 migrants travelling in eight small boats off Spain's so
Published 28 May, 2018 12:00am
Seven injured in massive blaze at German theme park

Seven injured in massive blaze at German theme park

Seven firefighters were injured in efforts to put out a massive blaze at Germany's largest amusement park, police said Sunday, as it reopened to visitors despite extensive damage to some areas. The fire at Europa-Park started early Saturday evening in a s
Published 28 May, 2018 12:00am
Three Ukrainian soldiers killed

Three Ukrainian soldiers killed

Three Ukrainian servicemen were killed in fighting with pro-Russian rebels in the east of the country as fighting intensified in the region, Kiev said on Sunday.
Published 28 May, 2018 12:00am
Three Palestinians killed by Israeli shelling

Three Palestinians killed by Israeli shelling

Israeli tank fire at an Islamic Jihad observation post killed three Palestinians in the southern Gaza Strip on Sunday, Palestinian officials said. The incident happened east of the city of Rafah in the southern Gaza Strip, a spokesman for the health minis
Published 28 May, 2018 12:00am
Trump lawyer again attacks inquiry, admits bid to shape opinion

Trump lawyer again attacks inquiry, admits bid to shape opinion

A top lawyer for Donald Trump on Sunday resumed the president's all-out attack on the investigation into possible collusion with Russia as being "illegitimate," while acknowledging a concerted effort to turn public opinion against the probe.
Published 28 May, 2018 12:00am
Guinea's new PM unveils government

Guinea's new PM unveils government

Guinea's new prime minister Ibrahima Kassory Fofana has unveiled his government without making major changes to the cabinet of his predecessor who quit after deadly protests over local elections, state media reported Sunday. While the defence, foreign aff
Published 28 May, 2018 12:00am
Moonwalking astronaut-artist Alan Bean dies

Moonwalking astronaut-artist Alan Bean dies

US astronaut Alan Bean, the fourth person to walk on the moon, has died, his family announced in a statement released by NASA. He was 86 years old.
Published 28 May, 2018 12:00am
Italy's president summons PM-designate, may open way for government

Italy's president summons PM-designate, may open way for government

Italy's president summoned Prime Minister-designate Giuseppe Conte to his office on Sunday in a move that could break a long-running political deadlock and open the way for the formation of a coalition government. Conte, a little-known law professor with
Published 28 May, 2018 12:00am
Qatar bans Saudi Arabia, UAE goods from stores

Qatar bans Saudi Arabia, UAE goods from stores

Qatar has ordered shops to remove goods originating from a group of Saudi Arabian-led countries which a year ago imposed a wide-ranging boycott on the emirate, Doha officials said Saturday. A directive from the economy ministry ordered shops to immediatel
Published 28 May, 2018 12:00am
Saudi Arabia hires ex-Canary Wharf executive for Red Sea tourism project

Saudi Arabia hires ex-Canary Wharf executive for Red Sea tourism project

Saudi Arabia's Red Sea Project, a vast tourist development aimed at opening the economy, has been registered as a standalone company and will be headed by a former director of London's Canary Wharf business zone, the country's sovereign wealth fund said o
Published 28 May, 2018 12:00am
Almarai plans $2.8 billion five-year capital investment

Almarai plans $2.8 billion five-year capital investment

Saudi Arabia's Almarai, the Gulf's largest dairy company, plans to spend 10.6 billion riyals ($2.8 billion) in capital investment under a five year business plan aimed at boosting its efficiency and expanding its geographic footprint.
Published 28 May, 2018 12:00am
Brazil truckers strike enters sixth day

Brazil truckers strike enters sixth day

A truckers strike that has paralyzed Brazil entered its sixth day Saturday as government troops slowly cleared roads of barricades in a bid to break the impasse. The strike over a hike in diesel prices has caused widespread fuel shortages that have shut d
Published 28 May, 2018 12:00am
Nigeria wants to stop being lax about tax

Nigeria wants to stop being lax about tax

Paying income tax used to be a joke in Nigeria which, no wonder, has the worst tax to GDP ratio in sub-Saharan Africa. As one banking executive put it: "In Nigeria, the government pretends to tax people and people pretend to pay. That's the Nigerian socia
Published 28 May, 2018 12:00am
Syria expects to buy less than One million tonnes of local wheat

Syria expects to buy less than One million tonnes of local wheat

Syria is expected to buy less than one million tonnes of local wheat from farmers in the 2018 season because of poor rainfall, a government source said on Sunday. The agriculture ministry expects production of one million tonnes this year, a sharp drop fr
Published 28 May, 2018 12:00am
Turkey, Russia agree 10.25 percent natural gas discount

Turkey, Russia agree 10.25 percent natural gas discount

Turkey and Russia have reached a retroactive agreement for a 10.25 percent discount on the natural gas Ankara buys from Moscow, Turkish President Tayyip Erdogan said on Saturday. Speaking at an election rally in eastern Turkey's Erzurum, Erdogan said a $1
Published 28 May, 2018 12:00am
Daimler faces scrutiny of 120,000 Vito, C-Class diesels

Daimler faces scrutiny of 120,000 Vito, C-Class diesels

Daimler faces an investigation of 40,000 diesel Vito vans and 80,000 C-Class model cars for possible illicit software that allowed the vehicles to emit excess pollution without detection, Bild am Sonntag reported, citing no sources.
Published 28 May, 2018 12:00am
Modi opens two expressways to reduce pollution

Modi opens two expressways to reduce pollution

Indian Prime Minister Narendra Modi said on Sunday he expected around a 30 percent drop in the number of vehicles entering Delhi, as he opened two new expressways around the capital aimed at decongesting its streets and reducing deadly pollution.
Published 28 May, 2018 12:00am
Qualcomm to meet China regulators in push to clear $44 billion NXP deal

Qualcomm to meet China regulators in push to clear $44 billion NXP deal

Qualcomm Inc is expecting to meet this week in Beijing with China's antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV, three sources told Reuters. The acquisition has been caught in
Published 28 May, 2018 12:00am
Fed-up Spanish cities are bursting Airbnb's bubble

Fed-up Spanish cities are bursting Airbnb's bubble

Spain may be one of the world's top tourist destinations, but many people in its biggest cities have grown exasperated with Airbnb-style rentals. And now, their city councils are taking action. Airbnb and other peer-to-peer rental websites have for years
Published 28 May, 2018 12:00am
GE seeking to shed troubled insurance business

GE seeking to shed troubled insurance business

General Electric Co is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking shareholder lawsuits and an investigation by US regulators, people familiar with the matter said o
Published 28 May, 2018 12:00am
IDBI Bank posts sixth straight quarterly loss

IDBI Bank posts sixth straight quarterly loss

India's IDBI Bank Ltd reported a loss of 56.63 billion rupees ($834.82 million) for the fourth quarter as the state-run lender booked higher provisions following stricter central bank rules on bad loans. Banks saw soured loans and provisions surge in the
Published 28 May, 2018 12:00am
IDBI Bank posts sixth straight quarterly loss

IDBI Bank posts sixth straight quarterly loss

India's IDBI Bank Ltd reported a loss of 56.63 billion rupees ($834.82 million) for the fourth quarter as the state-run lender booked higher provisions following stricter central bank rules on bad loans. Banks saw soured loans and provisions surge in the
Published 28 May, 2018 12:00am
Emirates NBD to buy Turkey's Denizbank for $3.2 billion

Emirates NBD to buy Turkey's Denizbank for $3.2 billion

Emirates NBD has agreed to buy Turkish lender Denizbank for 14.6 billion liras ($3.19 billion) from Russia's Sberbank, its biggest ever acquisition. Emirates NBD said in January it had started initial strategic talks with Sberbank about a possible purchas
Published 28 May, 2018 12:00am
Airbus says obeying WTO subsidy verdict as sanctions loom

Airbus says obeying WTO subsidy verdict as sanctions loom

Airbus said on Tuesday it had taken steps to comply with a World Trade Organization (WTO) ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and Airbus.
Published 28 May, 2018 12:00am
Adobe to buy Magento Commerce for $1.68 billion

Adobe to buy Magento Commerce for $1.68 billion

Adobe Systems Inc said on Monday it would buy e-commerce services provider Magento Commerce from private equity firm Permira for $1.68 billion in cash, its biggest deal in nearly a decade. Shares of Adobe rose about 1 percent in extended trading after the
Published 28 May, 2018 12:00am
Canada's two biggest banks beat profit forecasts

Canada's two biggest banks beat profit forecasts

Royal Bank of Canada and Toronto-Dominion Bank, Canada's two biggest lenders, on Thursday reported second quarter earnings which were ahead of market expectations, shrugging off concerns over slowing mortgage growth. RBC, Canada's biggest lender by market
Published 28 May, 2018 12:00am
Tata Motors Q4 profit halves on one-off charge

Tata Motors Q4 profit halves on one-off charge

Tata Motors Ltd's fourth quarter profit halved, missing analysts' estimates due to higher expenses and a one-time impairment charge for certain product development programmes, the Indian automaker said on Wednesday.
Published 28 May, 2018 12:00am
Tata Motors Q4 profit halves on one-off charge

Tata Motors Q4 profit halves on one-off charge

Tata Motors Ltd's fourth quarter profit halved, missing analysts' estimates due to higher expenses and a one-time impairment charge for certain product development programmes, the Indian automaker said on Wednesday.
Published 28 May, 2018 12:00am
Previous Day