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Archive - 2018-06-06
Low-cost housing
Miscellaneous

Low-cost housing

Last week housing supply and employment generation was covered with a perspective of market oriented solutions for A a
Published 06 Jun, 2018 06:00am
Water for agriculture
Miscellaneous

Water for agriculture

Amid water shortages this summer, social media is awash with water-conservation messages for households. Indeed, using a
Published 06 Jun, 2018 05:59am
Tons of sugar, but no love
Miscellaneous

Tons of sugar, but no love

Sugar millers are celebrating record high exports – and what is not to like? Their greatest performance has come at a ti
Published 06 Jun, 2018 05:57am
Another kidney transplant performed at Lahore's K&L Institute

Another kidney transplant performed at Lahore's K&L Institute

Pakistan Kidney and Liver Institute and Research Center's trained Surgeons successfully performed another kidney transplant in the hospital. A carpenter by profession, the patient is from Jhang. He was suffering from end-stage kidney disease. The patient
Published 06 Jun, 2018 12:00am
New bio-sciences academic block opens at UVAS

New bio-sciences academic block opens at UVAS

Planning and Development Board Punjab Chairman Jehanzaib Khan inaugurated a state-of-the-art Biosciences Academic Block of the University of Veterinary and Animal Sciences Lahore on Tuesday. Vice-Chancellor Meritorious Prof Dr Talat Naseer Pasha, Dean Fac
Published 06 Jun, 2018 12:00am
Punjab caretaker CM: Parliamentary body to meet today

Punjab caretaker CM: Parliamentary body to meet today

The parliamentary committee in Punjab will make another attempt on Wednesday (today) to reach a consensus on caretaker chief minister Punjab. The meeting will be held at the provincial assembly of Punjab. Rana Sanaullah, Khawaja Imran Nazir and Mohammad A
Published 06 Jun, 2018 12:00am
Civil court issues restraining order against launch of Reham's book

Civil court issues restraining order against launch of Reham's book

The civil court of Multan on Tuesday issued a restraining order against launching of Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan's former wife Reham Khan's controversial book and directed to submit reply till June 9. A plea was submitted in the civ
Published 06 Jun, 2018 12:00am
200 aspirants obtain nomination papers

200 aspirants obtain nomination papers

As many as 200 proposed candidates for the upcoming general elections 2018 obtained nomination papers from the Election Commission office on Tuesday. However, no one has yet submitted nomination papers and most of the candidates are visiting the election
Published 06 Jun, 2018 12:00am
Attack on FC check post in Mastung condemned

Attack on FC check post in Mastung condemned

Pakistan Muslim League-Nawaz (PML-N) President Muhammad Shahbaz Sharif while strongly condemning attack at the FC check post in Mastung, expressed a deep sense of sorrow and grief over the martyrdom of three officials. He has prayed for early recovery of
Published 06 Jun, 2018 12:00am
Shahbaz claims to have saved Rs 682bn in various projects

Shahbaz claims to have saved Rs 682bn in various projects

Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif claimed on Tuesday that they have saved Rs 682 billion in different projects which have no parallel example in the country's history. Briefing the media regarding performance of the PML-N gover
Published 06 Jun, 2018 12:00am
Security plan chalkedout for smooth flow of traffic on Youm-e-Ali

Security plan chalkedout for smooth flow of traffic on Youm-e-Ali

The City Traffic Police (CTP) Lahore has chalked out a comprehensive security plan to ensure smooth flow of traffic during Youm-e-Ali (R.A) today. According to the plan, almost two Superintendents of Police (SPs), five Deputy Superintendents of Police (DS
Published 06 Jun, 2018 12:00am
Green campus concept: HEC forms working group

Green campus concept: HEC forms working group

The Higher Education Commission (HEC) has constituted a working group of 15 universities from all over Pakistan to introduce the concept of Green Campus in Pakistani universities to achieve the objectives of World Environment Day 2018. The Commission has
Published 06 Jun, 2018 12:00am
Mari Petroleum Company Limited
Mutual Funds

Mari Petroleum Company Limited

Mari Petroleum Company Limited (MARI) is an integrated oil and gas exploration and production company, which is managing and operating the country's largest gas reservoir at Mari Gas Field, Daharki, Sindh. The E&P Company formerly known as Mari Gas Compan
Published 06 Jun, 2018 12:00am
Mari Petroleum Company Limited
Mutual Funds

Mari Petroleum Company Limited

Mari Petroleum Company Limited (MARI) is an integrated oil and gas exploration and production company, which is managing and operating the country's largest gas reservoir at Mari Gas Field, Daharki, Sindh. The E&P Company formerly known as Mari Gas Compan
Published 06 Jun, 2018 12:00am
Finance Act gives protection to past actions of DG I&IIR

Finance Act gives protection to past actions of DG I&IIR

Finance Act 2018 has given protection to the past actions of the Directorate General Intelligence & Investigation of Inland Revenue which would result in restoring proceedings against persons involved in sales tax evasion and cases framed under the Anti-M
Published 06 Jun, 2018 12:00am
Business Recorder's grand Iftar-dinner held

Business Recorder's grand Iftar-dinner held

Business Recorder (BR) hosted a grand Iftar Dinner to its clients, here on Tuesday. "With titled BRGroupIftar, we have brought together our corporate clients and advertizing agencies under the same roof today on the 20th of the holy Ramadan," said
Published 06 Jun, 2018 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices increased on Tuesday as the dollar retreated slightly from close to a six-month high even as strong US economic data sealed the case for the US Federal Reserve to increase interest rates. US services sector activity accelerated in May, pointin
Published 06 Jun, 2018 12:00am
US MIDDAY: wheat, corn and soya up

US MIDDAY: wheat, corn and soya up

Following are US trade expectations for the resumption of grain and soya complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday. Mexico responded in kind to US President Donald Trump's metals tariffs by imposing its own dutie
Published 06 Jun, 2018 12:00am
Gold little changed in European trade

Gold little changed in European trade

Gold prices were little changed on Tuesday as the dollar steadied near a six month high, but upside in the precious metal was firmly capped by bullish global economic fundamentals. Investors are awaiting economic data that might confirm the US economy is
Published 06 Jun, 2018 12:00am
Gold flat in Asia

Gold flat in Asia

Gold prices were little changed on Tuesday, after closing lower in three previous sessions, as investors opted for riskier assets amid increasing prospects of a US interest rate hike following strong economic data. Spot gold was flat at $1,291.51 per ounc
Published 06 Jun, 2018 12:00am
Gold barely changed in New York

Gold barely changed in New York

Gold prices were barely changed on Monday, supported by a wilting dollar as Italian political risk receded, though the prospect of another rise in US interest rates capped gains. Spot gold was flat at $1,292.90 per ounce by 1:34 p.m. EDT (1734 GMT), while
Published 06 Jun, 2018 12:00am
Cocoa futures fall to three-month lows, raw sugar rebounds
Currency

Cocoa futures fall to three-month lows, raw sugar rebounds

Cocoa futures on ICE fell to three-month lows on Tuesday, extending the prior session's steep tumble on speculative selling, while raw sugar rebounded from Monday's sharp decline. July New York cocoa settled down $62, or 2.6 percent, at $2,289 per tonne,
Published 06 Jun, 2018 12:00am
Rubber dips

Rubber dips

Benchmark Tokyo rubber futures slid to a five-week low on Tuesday as a drop in Shanghai futures prompted fresh selling and amid worries about lower demand for tyre due to US President Donald Trump's threat to impose tariffs on auto imports. Tokyo Commodit
Published 06 Jun, 2018 12:00am
Brent gains after reaching one-month low on supply concerns

Brent gains after reaching one-month low on supply concerns

Brent crude reversed losses on Tuesday, after hitting its lowest price in nearly a month following a report that the US government asked Saudi Arabia and other major exporters to increase oil output. Brent crude futures rose 9 cents to settle at $75.38 a
Published 06 Jun, 2018 12:00am
Copper climbs on worries over Escondida wage talks

Copper climbs on worries over Escondida wage talks

Copper hit a six-week high on Tuesday as concerns about the potential supply impact of wage negotiations at the world's biggest copper mine helped push prices back above $7,000 a tonne. The union at BHP's Escondida facility in Chile said on Friday that it
Published 06 Jun, 2018 12:00am
Malaysian palm oil hits near one-month low
Vegetable Oil

Malaysian palm oil hits near one-month low

Malaysian palm oil futures extended declines on Tuesday to hit their lowest in nearly a month, weighed down by lacklustre export demand, but they trimmed losses in the second half of the trading session on reports India will raise an import tax on soft oi
Published 06 Jun, 2018 12:00am
US boycotts world disarmament body over Syria presidency

US boycotts world disarmament body over Syria presidency

The United States said it would boycott Tuesday's session of the Conference on Disarmament amid fears that Syria is using its presidency of the body to "normalise" the regime. "Based on Syria's repeated attempts last week to use its presidency of the Conf
Published 06 Jun, 2018 12:00am
US must stop separating migrant children from parents: UN

US must stop separating migrant children from parents: UN

The United Nations on Tuesday urged Washington to immediately halt its controversial practice of separating asylum-seeking Central American immigrant children from their parents at the southern border. The UN rights office said it was "deeply concerned" o
Published 06 Jun, 2018 12:00am
Zimbabwe opposition marches for reform ahead of polls

Zimbabwe opposition marches for reform ahead of polls

Thousands of Zimbabwean opposition supporters took to the streets on Tuesday to call for electoral reforms to prevent fraud and voter intimidation ahead of presidential elections on July 30.
Published 06 Jun, 2018 12:00am
Kurds to pull out of strategic Syria town after deal

Kurds to pull out of strategic Syria town after deal

The leading Syrian Kurdish militia said Tuesday it would withdraw from Manbij, easing fears of a direct clash between Nato allies Washington and Ankara over the strategic northern town. The Kurds were key players in the fight against the Islamic State gro
Published 06 Jun, 2018 12:00am
Air strike in northeast Syria kills 11 civilians

Air strike in northeast Syria kills 11 civilians

An air strike on an area in northeastern Syria still held by the Islamic State group has killed at least 11 civilians, the Syrian Observatory for Human Rights said Tuesday. The Britain-based monitor said the strike was conducted early Monday in the south
Published 06 Jun, 2018 12:00am
'Jungle' California primary has Democrats on edge

'Jungle' California primary has Democrats on edge

Mainly Democratic California goes to the polls Tuesday for "jungle" primaries ahead of November's crucial midterm elections, with a glut of progressive candidates possibly giving the unexpected upper hand to Republicans in some districts.
Published 06 Jun, 2018 12:00am
US Marines commander at Japan base sacked

US Marines commander at Japan base sacked

The commanding officer at a US Marine base on the Japanese island of Okinawa has been fired over a "loss of trust", the US Marines said Tuesday. A brief statement said Colonel Mark S. Coppess had been relieved of duty as commanding officer of the Futenma
Published 06 Jun, 2018 12:00am
Half million killed in Brazil's deadly decade

Half million killed in Brazil's deadly decade

More than half a million people were killed in homicides between 2006 and 2016 in Brazil, according to the latest statistics on violence in Latin America's biggest country Tuesday.
Published 06 Jun, 2018 12:00am
Calls grow in Germany to expel disputed US envoy

Calls grow in Germany to expel disputed US envoy

Leading German politicians Tuesday called for the new US ambassador to be expelled after the staunch ally of Donald Trump was accused of meddling in domestic politics and aggravating already tense ties. Richard Grenell took up his Berlin posting on May 8
Published 06 Jun, 2018 12:00am
Turkish cartoonist jailed for insulting Erdogan

Turkish cartoonist jailed for insulting Erdogan

Turkish police have jailed one of the country's most prominent cartoonists to serve out a 14 month sentence first handed down last year on charges of insulting President Recep Tayyip Erdogan, Turkish media reported on Tuesday.
Published 06 Jun, 2018 12:00am
UN envoy 'concerned' by fate of key Yemen port

UN envoy 'concerned' by fate of key Yemen port

The UN envoy for Yemen said Tuesday he was "very concerned" over fighting for the rebel-held port of Hodeida, as government forces close in on the main gateway for aid into the war-torn country.
Published 06 Jun, 2018 12:00am
Ousted as Spanish PM, Rajoy to quit as conservative party leader

Ousted as Spanish PM, Rajoy to quit as conservative party leader

Mariano Rajoy, a major figure of Spanish politics over the past 14 years, announced Tuesday he will quit as head of the conservative Popular Party (PP) after being ousted as prime minister last week. "I think the time has come to put a final full stop to
Published 06 Jun, 2018 12:00am
Mexico slaps tariffs on US steel, agricultural products

Mexico slaps tariffs on US steel, agricultural products

Mexico put tariffs on American products ranging from steel to pork and bourbon on Tuesday, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of US congressional elections in Novemb
Published 06 Jun, 2018 12:00am
Switch to e-cars will cost Germany 75,000 jobs

Switch to e-cars will cost Germany 75,000 jobs

The growing use of electrified vehicles is expected to cost Germany's crucial car sector some 75,000 jobs by 2030, a study found Tuesday, with smaller auto parts suppliers set to be worst hit. The IG Metall union, which commissioned the study along with B
Published 06 Jun, 2018 12:00am
US services sector activity picks up; job openings at record high

US services sector activity picks up; job openings at record high

US services sector activity accelerated in May, pointing to robust economic growth in the second quarter, but trade tariffs and a shortage of workers posed a threat to the outlook. Other data on Tuesday showed job openings rising to a record high in April
Published 06 Jun, 2018 12:00am
More payments in euros but greenback still rules: ECB
Currency

More payments in euros but greenback still rules: ECB

The euro almost matched the dollar with a more than one-third share of global payments in 2017, the European Central Bank said Tuesday, but still lags the greenback in other measures of worldwide heft. The unit accounted for just below 36 percent of globa
Published 06 Jun, 2018 12:00am
Eurozone economic outlook darkens in May

Eurozone economic outlook darkens in May

Eurozone business activity slowed again in May, a survey showed on Tuesday, and forward-looking indicators suggest a further loss of momentum in coming months. The pace of growth has slowed from the turn of the year and - possibly of concern to policymake
Published 06 Jun, 2018 12:00am
UK economy warms up after winter slump

UK economy warms up after winter slump

Britain's economy looks to have picked up speed after a winter slump, data showed on Tuesday, giving the Bank of England some of the reassurance it needs to get back to its plan to raise interest rates. British services firms grew more quickly than expect
Published 06 Jun, 2018 12:00am
Saudi economy returns to growth on back of oil price rises

Saudi economy returns to growth on back of oil price rises

The Saudi economy pulled out of recession in the first quarter of 2018 thanks to oil price rises, a think-tank said Tuesday. Capital Economics said the oil-dependent Saudi economy grew by 1.5 percent in the first quarter, after having contracted by 0.7 pe
Published 06 Jun, 2018 12:00am
Britain reaps £2.5 billion for slice of RBS bank

Britain reaps £2.5 billion for slice of RBS bank

Britain's government has made more than £2.5 billion ($3.3 billion, 2.8 billion euros) from selling a small chunk of state-rescued Royal Bank of Scotland, it announced on Tuesday. Britain on Monday resumed privatisation of the Royal Bank of Scotland, whic
Published 06 Jun, 2018 12:00am
UK government gives go-ahead to Heathrow airport expansion

UK government gives go-ahead to Heathrow airport expansion

Britain's government on Tuesday gave the go-ahead to building a third runway at London Heathrow, Europe's busiest airport, a long-awaited decision that has stoked decades of division and debate. "The time for action is now," Transport Secretary Chris Gray
Published 06 Jun, 2018 12:00am
RBS stake sale dents FTSE, rising pound bites

RBS stake sale dents FTSE, rising pound bites

Royal Bank of Scotland weighed on Britain's FTSE 100 on Tuesday after the government took a loss selling a stake in the bank, while a rising pound after strong services data piled extra pressure on the internationally-exposed index. The top share index cl
Published 06 Jun, 2018 12:00am
Southeast Asian stocks largely up

Southeast Asian stocks largely up

Most Southeast Asian stock markets closed higher on Tuesday, drawing confidence from gains on Wall Street, with the Philippines and Indonesia climbing more than 1 percent. Asian shares outside Japan held largely steady after surging 1.4 percent in the pre
Published 06 Jun, 2018 12:00am
Australian shares down; New Zealand at record high

Australian shares down; New Zealand at record high

Australian shares ended on a dour note on Tuesday as losses in commodity stocks outweighed a relief rally for banks after Commonwealth settled a civil lawsuit filed by financial intelligence agency AUSTRAC. The S&P/ASX 200 index closed 0.5 percent lower,
Published 06 Jun, 2018 12:00am
Tech stocks' surge to 17-year peak a bright spot among European stocks

Tech stocks' surge to 17-year peak a bright spot among European stocks

A buoyant European tech sector, which hit a 17-year peak on Tuesday, was not enough to lift the broader European market as jitters over politics in the periphery persisted. The pan-European STOXX 600 gave up gains to end the session with a 0.3 percent los
Published 06 Jun, 2018 12:00am
China stocks climb

China stocks climb

China stocks firmed on Tuesday, after a private survey showed the services sector expanded at a steady pace in May, while pharmaceutical sector gained the most. The blue-chip CSI300 index rose 1.0 percent to 3,845.32, while the Shanghai Composite Index en
Published 06 Jun, 2018 12:00am
Indian shares lower

Indian shares lower

Indian shares ended lower for a third straight session on Tuesday amid caution ahead of the central bank's policy decision, while sentiment was subdued after a survey showed services activity in May shrank for the first time in three months. Activity in I
Published 06 Jun, 2018 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lankan shares ended firmer on Tuesday, recovering from their lowest close in over five months hit in the previous session, led by diversified and financial stocks while foreign investor purchases boosted sentiment. Foreign investors bought net 182.9 m
Published 06 Jun, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday with the 10-year yield hitting one-week highs as investors pared safe-haven holdings of lower-risk government debt due to fading fears about political turmoil in Italy and Spain. A robust US payrolls report in May renewed
Published 06 Jun, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday with the 10-year yield hitting one-week highs as investors pared safe-haven holdings of lower-risk government debt due to fading fears about political turmoil in Italy and Spain. A robust US payrolls report in May renewed
Published 06 Jun, 2018 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares rose slightly on Tuesday, with sentiment aided by a private survey showing China's services sector expanded at a steady pace in May. The Hang Seng index rose 0.3 percent, to 31,093.45, while the China Enterprises Index gained 0.1 percent,
Published 06 Jun, 2018 12:00am
Wall Street major indexes rise, Nasdaq has record close

Wall Street major indexes rise, Nasdaq has record close

Wall Street's three major indexes rose on Monday, led by a rally in tech stocks, pushing the Nasdaq to a record closing high as investors bet on a continuation of strong economic growth, while falling oil prices weighed on the energy sector. Apple shares
Published 06 Jun, 2018 12:00am
Tokyo stocks surge

Tokyo stocks surge

Tokyo stocks gained Tuesday as a strong US jobs report continued to support the global market while the yen edged lower against the dollar, boosting Japanese exporters. The benchmark Nikkei 225 index rose 0.28 percent or 63.60 points to close at 22,539.54
Published 06 Jun, 2018 12:00am
Qatar gains on fund flows, Egypt falls ahead of energy subsidy cuts

Qatar gains on fund flows, Egypt falls ahead of energy subsidy cuts

Qatar and Saudi markets led Gulf stocks higher on Tuesday amid optimism index compiler MSCI will upgrade Riyadh to emerging market status and continued fund flows into Qatari blue-chips after MSCI recently raised their weightings. Qatari stocks climbed 2
Published 06 Jun, 2018 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian dollar hovered near six-week highs as the country's central bank sounded upbeat about future economic growth, while the New Zealand currency held near a one-month peak. The Australian dollar was last at $0.7633, down 0.2 percent on the day
Published 06 Jun, 2018 12:00am
Sterling rises
Currency

Sterling rises

Sterling jumped on Tuesday after a survey showed companies in Britain's dominant services sector grew more quickly than expected in May after a winter slump in early 2018. But the mood concerning the pound's outlook remained more subdued due to uncertaint
Published 06 Jun, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 83.70-83.70 (Previous 83.70-83.70).
Published 06 Jun, 2018 12:00am
Most emerging Asian currencies edge up
Currency

Most emerging Asian currencies edge up

Most Asian emerging market currencies rose against the dollar on Tuesday, as worries about economic issues eased while a widely-anticipated US interest rate hike next week has already been priced in by traders.
Published 06 Jun, 2018 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Tuesday, as importer dollar demand surpassed mild selling of the greenback by exporters, dealers said. The spot rupee ended at 158.60/75, weaker from Monday's close of 158.50/60. The currency hit an all-time low of 158
Published 06 Jun, 2018 12:00am
Dollar slides to two-week low in New York

Dollar slides to two-week low in New York

The dollar dropped to a two-week low on Monday, as easing political tensions in Italy lifted the euro and global trade concerns resurfaced after China warned the United States against tariffs and other protectionist measures. "With European political dram
Published 06 Jun, 2018 12:00am
Early trade in New York: dollar surges broadly
Currency

Early trade in New York: dollar surges broadly

The dollar rose on Tuesday, edging toward a six-month high hit last week, as the latest development in a growing trade conflict between the US and its commercial partners prompted selling in emerging market currencies. The Mexican peso and Canadian dollar
Published 06 Jun, 2018 12:00am
Dollar heads towards six-month highs in Europe
Currency

Dollar heads towards six-month highs in Europe

The dollar on Tuesday edged towards a six-month high hit last week as the latest bout in a trade war between the US and its commercial partners prompted selling in emerging market currencies, but gains were capped before a summit this weekend.
Published 06 Jun, 2018 12:00am
Euro maintain gains in Asia
Currency

Euro maintain gains in Asia

The euro was supported by signs of stability in Italian politics and the dollar maintained an uptrend against the yen after a strong US jobs report sparked bets of three more US rate hikes by the end of year. In early Asian trade, the euro traded almost f
Published 06 Jun, 2018 12:00am
Qatar says 'stronger' despite year-long Gulf dispute

Qatar says 'stronger' despite year-long Gulf dispute

On the first anniversary of a bitter Gulf diplomatic rift, Qatar's foreign minister on Tuesday declared his country stronger than ever and said it was open to dialogue with its regional rivals. Mohammed bin Abdulrahman Al-Thani also rebuked Qatar's foes f
Published 06 Jun, 2018 12:00am
Trump-Kim summit venue named - Singapore's Capella Hotel

Trump-Kim summit venue named - Singapore's Capella Hotel

The much-vaunted summit between US President Donald Trump and North Korean ruler Kim Jong Un will take place on Singapore's resort island of Sentosa, the White House said Tuesday. "The venue for the Singapore summit between @POTUS and Leader Kim Jong Un w
Published 06 Jun, 2018 12:00am
Nine killed in Niger suicide attacks

Nine killed in Niger suicide attacks

Nine people were killed in three suicide bombings in southeastern Niger near the border with Nigeria, a local official said Tuesday. The attacks occurred late Monday in the regional capital of Diffa, a frequent target of the Boko Haram jihadist group, the
Published 06 Jun, 2018 12:00am
Trump plans own party after NFL champs withdraw

Trump plans own party after NFL champs withdraw

US President Donald Trump prepared to throw his own flag-waving, tub-thumping "celebration of America" Tuesday after cancelling a reception for the NFL champion Philadelphia Eagles because only "a tiny handful" of players planned to attend. Military honor
Published 06 Jun, 2018 12:00am
Sri Lanka President shuts TV network linked to PM

Sri Lanka President shuts TV network linked to PM

A television network owned by the family of Sri Lankan Prime Minister Ranil Wickremesinghe was suspended by the island's telecom regulator Tuesday, worsening a power struggle in the fractious ruling coalition. The closure of Telshan Network comes days aft
Published 06 Jun, 2018 12:00am
China mine blast kills 11, traps 25

China mine blast kills 11, traps 25

A truck carrying explosives blew up near the entrance of an iron-ore mine in northeast China on Tuesday, killing 11 people, injuring nine and leaving another 25 trapped underground, state media reported. Some of the victims stuck inside the mine run by Ch
Published 06 Jun, 2018 12:00am
NASA chief in talks with companies about running ISS

NASA chief in talks with companies about running ISS

The head of the US space agency is in talks with several global companies about taking over day-to-day operations at the International Space Station in the coming years, US media said Tuesday. NASA administrator Jim Bridenstine made the comments in an int
Published 06 Jun, 2018 12:00am
Fashion designer Kate Spade found dead, NY police confirm suicide

Fashion designer Kate Spade found dead, NY police confirm suicide

Designer Kate Spade, one of the biggest names in American fashion, was found dead Tuesday in New York after committing suicide, police said. She was 55. Celebrity website TMZ said the designer - especially known for her sleek handbags - hanged herself in
Published 06 Jun, 2018 12:00am
Macron walks fine line as Netanyahu seeks anti-Iran front

Macron walks fine line as Netanyahu seeks anti-Iran front

French President Emmanuel Macron meets Israeli Prime Minister Benjamin Netanyahu on Tuesday on the second leg of his European trip amid deep differences over how to contain Iran's ambitions in the Middle East. It will be the third meeting of the two leade
Published 06 Jun, 2018 12:00am
Putin says EU should lift sanctions

Putin says EU should lift sanctions

Russian President Vladimir Putin said Tuesday the Europan Union should end damaging sanctions against Moscow imposed over the Ukraine crisis and its annexation of Crimea. "The sanctions and all the restrictions imposed for political reasons... are no way
Published 06 Jun, 2018 12:00am
Independent music journalist Zachary Stoner killed in Chicago

Independent music journalist Zachary Stoner killed in Chicago

The Committee to Protect Journalists on Monday condemned the killing of independent music journalist Zachary Stoner, who was shot to death in the early hours of May 30 in Chicago, Illinois. Stoner published videos to his YouTube channel zacktv1, which foc
Published 06 Jun, 2018 12:00am
Greek stocks watchdog sues struggling fashion retailer Folli Follie

Greek stocks watchdog sues struggling fashion retailer Folli Follie

Greece's stocks watchdog on Tuesday sued the management of Folli Follie, one of the country's few global retailers, amid concerns over the company's finances. The storm erupted in May when US-based equity fund Quintessential Capital Management reported th
Published 06 Jun, 2018 12:00am
Italy's Piquadro bags French label Lancel

Italy's Piquadro bags French label Lancel

Italy's Piquadro has acquired French luxury label Lancel, vowing in a deal announced Monday to preserve the handbag maker's identity while modernising its products. Piquadro acquired the label from Swiss luxury giant Richemont, its owner since 1997. "We a
Published 06 Jun, 2018 12:00am
Biggest Czech wage rise in 15 years adds to rate hike case
Currency

Biggest Czech wage rise in 15 years adds to rate hike case

Czech real wages rose at their fastest pace in 15 years last quarter, rising 6.6 percent and adding to arguments that an interest rate hike may come sooner than the central bank anticipates. With unemployment at a record low and the lowest level in the Eu
Published 06 Jun, 2018 12:00am
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