News Archives for Latest - 2020-07-07

Business & Finance

Largest US airlines move toward federal loans; United warns about COVID-19 surge

US airline shares were down 3.9% in afternoon trading.

Published 07 Jul, 2020 11:58pm

World

Brazil's Bolsonaro tests positive for coronavirus

At 65, Bolsonaro is in one of the highest risk categories for a virus that has killed more than half a million people worldwide and infected close to 12 million.

Published 07 Jul, 2020 11:57pm

Africa

Zimbabwe's health minister, accused of corruption, sacked

The statement did not elaborate further. Moyo was arrested in June over allegations of corruption related to the government's procurement of $60 million worth of medical equipment

Published 07 Jul, 2020 11:56pm

Europe

WHO studying evidence on airborne virus transmission

The new coronavirus can spread through the air far beyond two metres, an group of 239 international scientists said Monday.

Published 07 Jul, 2020 11:55pm

Pakistan

Razak appreciates exporters on high-quality performance in 2019-20

He said that local exporters deserved praise for their efforts, hard work and reaching out to the customers.

Published 07 Jul, 2020 11:52pm

USA

Trump administration pushes for schools to reopen as pandemic surges

"We need to reopen the schools. We can do this safely. We need to commit to it and we need just to get it done," Redfield said.

Published 07 Jul, 2020 11:51pm

Pakistan

No decision taken to privatize Roosevelt Hotel: IHC told

Petitioner Sharif Sabir, in his petition, claimed that the government wanted to privatize the Roosevelt Hotel which was a national asset, and prayed the court to stop it from taking any such decision.

Published 07 Jul, 2020 11:47pm

Many countries may need debt restructuring after pandemic fallout: IMF chief economist

Gita Gopinath told an online event hosted by the University of Oxford that there was no debt crisis at the moment

Published 07 Jul, 2020 11:47pm

Pakistan

CM chairs meeting to review law & order situation

The meeting decided that activities of the elements involved in sectarianism would be strictly contained and entry and exit points of the province would be rigorously monitored.

Published 07 Jul, 2020 11:45pm

World

'At war time speed', China leads COVID-19 vaccine race

Many other countries, including the United States, are coordinating closely with the private sector to try to win the vaccine development race, and China faces many challenges.

Published 07 Jul, 2020 11:44pm

Pakistan

President urges affluent to support govt's relief efforts for poor affected by COVID-19

The Telenor Pakistan CEO presented a donation worth Rs. 61 million to the president to support the relief efforts of Pakistan Red Crescent Society (PRCS) against COVID-19 in the country.

Published 07 Jul, 2020 11:43pm

Pakistan

Partly cloudy, humid chances of rain likely in city on Wednesday

The maximum and minimum temperatures are expected to remain in the range of 36 to 38 and 29 to 31, respectively, degrees centigrade, with 70 to 80 per cent humidity, during the next 24 hours.

Published 07 Jul, 2020 11:40pm

Pakistan

NA Speaker summons meeting of parliamentary leaders

The parliamentary leaders will discuss the business of the house and maintaining of decorum as per rules of procedure in the house during the 23rd session of the National Assembly.

Published 07 Jul, 2020 11:36pm

Pakistan

Cabinet decides to launch second phase of Ehsaas Cash Emergency Programme

He said an Imperial College's study had also proved that Pakistan's strategy to cope with the pandemic was successful as the graph of COVID-19 patients was falling now.

Published 07 Jul, 2020 11:32pm

Pakistan

SBP extends availability of deferment of principal amount of loans facility till Sept 2020

The measure also ensured that the deferment of principal will not affect borrower’s credit history and such facilities will not be reported as restructured/rescheduled in the credit bureau’s data.

Published 07 Jul, 2020 11:29pm

Pakistan

Khawaja Asif unable to provide even single vent to Sialkot despite being MNA for 30 years: Dar

He challenged the PML-N leader to negate his statement regarding ventilators, while rejecting his criticism on the Pakistan Tehreek-e-Insaf government projects.

Published 07 Jul, 2020 11:27pm

Pakistan

COVID-19 under control due to govt's effective policies: Abdul Aleem Khan

He said that Pakistan remained a relatively safe and better country than the rest of the world.

Published 07 Jul, 2020 11:25pm

Pakistan

2,376 shops, 50 industries for violating SOPs

The commissioner said that action was being taken against shops, markets, shopping malls and restaurants for not implementation the smart lockdown.

Published 07 Jul, 2020 11:23pm

Exchange

NA to host meeting of Pak-Afghan parliamentary friendship group

The meeting will seek to complement the democratic vision of the elected house to promote parliamentary role in deepening bilateral relationship with Afghanistan.

Published 07 Jul, 2020 11:21pm

Pakistan

Coronavirus claims 4 more lives in AJK raising death toll to 40: 36 new COVID-19 positive cases detected

47 patients were discharged after having been completely recovered in the state-run hospitals in various parts of the state during last 24 hours.

Published 07 Jul, 2020 11:19pm

Pakistan

Sindh govt fails to deliver: Ali

Talking to a private news channel, the minister said law and order situation was a provincial subject and it was responsibility of the provinces to maintain that.

Published 07 Jul, 2020 11:16pm

Pakistan

IHC declares petitions against temple as ineffective

The court noted that the government had not issued funds for the temple's construction as the matter was sent to the Council of Islamic Ideology for suggestions.

Published 07 Jul, 2020 11:15pm

Pakistan

24,785 passengers arrived through 162 flights on Bacha Khan Airport: Ajmal Wazir

Ajmal Wazir said well trained medical staff had been deputed at airport including 13 doctors who were regularly monitoring and providing health facilities to incoming and outgoing passengers.

Published 07 Jul, 2020 11:13pm

Pakistan

Ali Nawaz for authentic JIT report submission in court

The JIT was formed in 2016, and its report was pending till 2017 which forced us to approach the court for the purpose, he said.

Published 07 Jul, 2020 11:07pm

Pakistan

CM announces appreciation certificates for volunteers working to quell COVID-19

He was chairing a meeting to review the the performance and affairs of the Chief Minister's Delivery Unit (CMDU).

Published 07 Jul, 2020 11:06pm

Industry

Largest US airlines move towards federal loans; United warns about COVID-19 surge

US airline shares lost 3.8% in midday trade.
Airlines have already received $25 billion in payroll aid under the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress in March.

Published 07 Jul, 2020 09:56pm

Industry

Libya's NOC says oil blockade to halve oil output in coming years

NOC said in a statement on its website that production would be cut in half by 2022 "in the absence of an immediate restart of oil production.
The bank said it had allocated 1.2 billion dinars to NOC as "an exceptional budget" item, as well as $1.55 billion to cover fuel subsidies and expenses.

Published 07 Jul, 2020 09:54pm

Industry

GSK says long-acting HIV prevention drug 66pc more effective than Truvada

Truvada is currently the standard of care for preventing HIV, but GSK hopes to challenge its dominance by making shorter.
"This advancement has the potential to be a game-changer for HIV prevention, offering ... the convenience of reduced dosing from daily to just six times per year."

Published 07 Jul, 2020 09:43pm

World

Trump administration to encourage schools to safely reopen amid coronavirus surge

Trump, a Republican seeking re-election in November, on Monday tweeted "SCHOOLS MUST OPEN IN THE FALL!!!".
"It is really ... critically important to get our schools open," the official said, highlighting the role schools play in communities.

Published 07 Jul, 2020 09:40pm

Commodities

Demand hopes, supply worries propel copper to 5-month peak

Cash copper trades at a premium to 3-month contract.
Copper cancelled warrants at 47% of total LME stocks.

Published 07 Jul, 2020 09:33pm

Industry

UAE's ADNOC to boost August oil exports as OPEC+ cuts set to ease

The cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken. Key OPEC+ ministers hold talks next week.
ADNOC has notified its customers of its plans to cut crude oil nominations for August by 5% for all grades in line with OPEC+ pact to reduce oil supplies.

Published 07 Jul, 2020 09:29pm

Exchange

UBI crosses swords again with Intesa on value of takeover bid

Intesa formally launched its 3.5 billion euro ($4 billion) all-paper bid on Monday, just days after UBI Banca told its shareholders the offer was not generous enough.
UBI shares are trading slightly above the 1.7 exchange ratio Intesa is proposing, and analysts have warned the stock would drop sharply if the offer fell through.

Published 07 Jul, 2020 09:15pm

Money & Banking

African economies could shrink 3.4pc this year, rebound in 2021

A partial V-shaped recovery should see gross domestic product growth of between 2.4% and 3% in 2021

Published 07 Jul, 2020 09:11pm

Forex

South African rand slides as coronavirus infection rise dims outlook

Deaths from the coronavirus pandemic in India surpassed 20,000 and case numbers increased.
Locally, COVID-19 deaths passed the 3,000 mark, with infections at more than 200,000.

Published 07 Jul, 2020 09:09pm

Industry

Wirecard administrator sees strong interest from potential buyers

Administrator says more than 100 investors interested.
Sale process most advanced for North America unit.
Deutsche Bank says exposure to Wirecard very limited.
EU finmins to discuss payment regulation –official.

Published 07 Jul, 2020 09:07pm

USA

FBI chief says China threatens families to coerce overseas critics to return to China

Wray issued the unusual appeal in an address to a think tank in which he reiterated US charges that China is using espionage, cyber theft, blackmail.
The families of those who refuse to return are threatened and some have been arrested in China "for leverage," he said.

Published 07 Jul, 2020 09:04pm

World

US awards $1.6 billion to Novavax for COVID-19 vaccine

The final stage Phase 3 trial of its vaccine, called NVX-CoV2373, is set to take place this fall.

Published 07 Jul, 2020 09:04pm

Forex

Dollar edges higher as virus worries sap risk appetite

Dollar index 0.03% lower.
Pound near 3-week highs before government releases spending plans.

Published 07 Jul, 2020 09:02pm

Commodities

Gold eyes key $1,800 level on relentless rise in virus cases

Spot gold hits highest since November 2011.
Platinum jumps 2.4%, hits near one-month high.
Interactive graphic on spreading coronavirus.

Published 07 Jul, 2020 09:01pm

Financial

Italian yields hover at 3-month lows as traders eye talks in Brussels

"We currently have some thoughts and hopes that there could be a breakthrough concerning the recovery fund," said Daniel Lenz, rates strategist at DZ Bank.
Italian 10-year BTP yields were down 2 basis points to 1.29% in late trade, not far from three-month lows hit last Friday at 1.25%.

Published 07 Jul, 2020 08:56pm

Stocks

Wall St struggles for direction after strong rally as virus cases surge

Novavax jumps on $1.6 bln govt award for COVID-19 vaccine.
Bank stocks set for steepest drop in 7 sessions.
Indexes: Dow down 0.70%, S&P flat, Nasdaq up 0.60%.

Updated 07 Jul, 2020 08:55pm

UN says war crimes occurred during Syria's Idlib offensive

The offensive left a million people displaced and more than 500 civilians dead, according to the United Nations.

Published 07 Jul, 2020 08:42pm

Europe

Russia will impose counter-sanctions on UK: Kremlin

The 25 Russians included on the sanctions list drawn up by Britain's Foreign Office were included for their alleged involvement in the death of Magnitsky.

Updated 07 Jul, 2020 08:28pm

Forex

Sterling rises to three-week highs on news of Brexit talks dinner

I think there is a little bit of optimism today for the dinner that is taking place tonight at 10 Downing Street.
"The market is looking at what is going to give a boost in the next six months... but I think it's mostly flow driven and volumes that are not really heavy."

Published 07 Jul, 2020 08:21pm

Commodities

Raw sugar recovers from one week low, arabica coffee gains

October raw sugar inched up 0.02 cents, or 0.2%, to 11.95 cents per lb at 1439 GMT, having hit a low of 11.78.
September robusta coffee fell $12, or 1%, to $1,187 a tonne.

Updated 07 Jul, 2020 08:21pm

28 PIA pilots dismissed from service for possessing "dubious" licenses

Information minister says those pilots whose licenses were found suspicious in the inquiry have all been grounded

Published 07 Jul, 2020 07:46pm

Commodities

Wheat steady-down 2 cents, corn and soybeans down 3-6 cents

Wheat futures slip after prior-session gains, tracking weakness in corn and soybeans and as the US dollar firmed.
Corn down on forecasts for improved rains in parts of the US Midwest and generally favorable crop ratings.

Published 07 Jul, 2020 07:41pm

Forex

Loonie weakens as worries rise about renewed virus lockdowns

Canadian dollar falls 0.3% against the greenback
Loonie trades in a range of 1.3525 to 1.3588
Price of US oil decreases 0.8%
Canada's 2-year yield eases 2.5 basis points to 0.286%

Published 07 Jul, 2020 07:37pm

Stocks

Wall St opens lower after five-day rally as virus cases surge

The Dow Jones Industrial Average fell 115.02 points, or 0.44%, at the open to 26,172.01. The S&P 500 opened lower by 13.28 points.

Published 07 Jul, 2020 07:29pm

Sindh govt rejects Zaidi's allegations of tampering Uzair Baloch JIT report

Provincial government has fulfilled its promise by making the JIT reports public

Published 07 Jul, 2020 07:19pm

Energy

Oil down as US virus spike stokes demand worries

Rising new virus cases cast doubts on fuel demand recovery
Rise in Saudi OSPs could weigh on refining margins

Published 07 Jul, 2020 07:17pm

Sports

Yasir Shah hopeful to hit century against England

The leg-spinner recently hit the triple figures in Test cricket against Australia at the Adelaide Oval.

Updated 07 Jul, 2020 07:26pm

Money & Banking

Deutsche Bank to pay $150mn penalty over Jeffrey Epstein, other compliance failures

For years, Mr. Epstein's criminal, abusive behavior was widely known, yet big institutions continued to excuse that history and lend their credibility or services for financial gain.
Deutsche Bank Chief Executive Christian Sewing told staff in an internal memo on Tuesday that it was a "critical mistake" to take Epstein on as a client in 2013.

Published 07 Jul, 2020 07:11pm

World

Pompeo says U.S. 'looking at' banning Chinese social media apps, including TikTok

U.S. lawmakers have raised national security concerns over TikTok's handling of user data

Published 07 Jul, 2020 07:10pm

Technology

Zoom rolls out hardware subscription service

Zoom has partnered with third-party hardware manufacturers such as DTEN, Neat, Poly, and Yealink for the phone and meeting room devices.
The launch comes nearly a week after Zoom said it has made significant progress in a transparency report that details information related to requests it receives for data.

Published 07 Jul, 2020 07:07pm

Financial

Yields lower as reopenings rolled back

The benchmark 10-year yield was down 1.5 basis points in morning trading at 0.6693%.
Wall Street's main indexes opened lower on Tuesday following the benchmark S&P 500's longest streak of gains this year.

Updated 07 Jul, 2020 07:07pm

World

Beijing reports zero virus cases for first time since new outbreak

The Beijing government has tested more than 11 million people for COVID-19 since June 11.

Published 07 Jul, 2020 07:06pm

Cabinet approves appointment of Arshad Malik as PIA chief for three years

Malik will continue to serve as PIA chief after retirement from the Pakistan Air Force on July 12

Updated 07 Jul, 2020 06:42pm

Industry

Fiat Chrysler restarts production at Serbia's plant: report

Due to the effects of the coronavirus outbreak on markets, Fiat Chrysler halted production at its Italian plants and in Serbia and Poland on March 16.
Around 2,000 workers returned to production halls in the central Serbian city of Kragujevac a day earlier to prepare for the restart of manufacturing of the 500L model.

Published 07 Jul, 2020 06:23pm

Industry

Lufthansa to cut leadership positions, 1,000 admin jobs

Lufthansa said it would also cut the investment volume for new aircraft in half, with its financial plan allowing for up to 80 new aircraft for the group's fleet up to 2023.
Lufthansa already decided in early April to reduce its fleet by 100 aircraft and not to resume the operations of budget unit Germanwings.

Published 07 Jul, 2020 06:21pm

Money & Banking

Deutsche Bank still evaluating Wirecard Bank support

Germany's largest bank said last week that it was working with financial watchdog BaFin and Wirecard's insolvency administrator on possible support for Wirecard Bank.
"We all now need transparency and that's the first task to be done," Sewing said at a webcast event organised by Bloomberg News.

Published 07 Jul, 2020 06:19pm

South Asia

WHO monitoring China bubonic plague situation

The UN health agency said it was notified by China on July 6 of a case of bubonic plague in Inner Mongolia.

Published 07 Jul, 2020 06:19pm

Forex

Egypt's foreign reserves recover slightly to $38.2bn

Foreign reserves have dropped since March from a high of more than $45 billion, as investors pulled cash from emerging markets and Egypt's tourism industry.
To help Egypt cope, the International Monetary Fund approved $2.77 billion in emergency funding in May. Last month.

Published 07 Jul, 2020 06:13pm

South Asia

Virus outbreak in Rohingya camps 'contained': Bangladesh

Some 724 Rohingya have been tested in the Bangladesh camps, with 54 found positive since the first cases were detected in May.

Published 07 Jul, 2020 06:12pm

Commodities

Palm ends lower on weaker crude prices, higher-than-expected output

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange settled down 32 ringgit, or 1.34%, at 2,359 ringgit a tonne.
Lower crude oil makes palm a less attractive option for biodiesel feedstock.

Published 07 Jul, 2020 06:05pm

Commodities

Prices off highs as USDA sees crops in decent condition

USDA reports US crops in reasonable condition.
Soybeans state better than expected.
Corn condition looking decent, wheat harvest progressing.

Published 07 Jul, 2020 06:04pm

Stocks

Indian shares end higher for fifth day, lenders soar

The NSE Nifty 50 index ended up 0.33% at 10,799.65, while the benchmark S&P BSE Sensex rose 0.51% to 36,674.52, both closing at four-month peaks.
A five-day rally in world stocks fizzled on Tuesday as caution reigned about renewed coronavirus lockdowns.

Published 07 Jul, 2020 05:45pm

Sports

Barca wake from slumber to give glimmer of hope to Setien

Frustrated with the lack of direction at the club, Lionel Messi halted talks about extending his contract beyond 2021.

Published 07 Jul, 2020 05:55pm

Pakistan

No student to be allowed to drop out due to financial difficulties: Habib University

The university has undertaken technology upgrades, revised logistical planning, instituted robust health and safety protocols, and measures to ensure financial stability in adjusting to Covid-19 induced reality.

Published 07 Jul, 2020 05:50pm

World

Iran reports record one-day coronavirus death toll of 200

The previous record was Sunday's toll of 163 deaths.

Published 07 Jul, 2020 05:46pm

Technology

TikTok quits Hong Kong as US giants suspend processing data requests

Major US internet companies including Facebook, Microsoft, Google, Twitter and Zoom have all announced they have suspended the processing of requests for user data.
The US companies' social media platforms are generally banned in China, where access is blocked by Beijing's "great firewall".

Published 07 Jul, 2020 05:42pm

Exchange

Turkey holds nearly 300 migrants bound for Europe

The migrants, including 59 children and 46 women, came from Afghanistan, Syria, Bangladesh and Iran.

Published 07 Jul, 2020 05:43pm

Stocks

Markets mostly in reverse after latest stocks surge

Asian equities kicked off the losses Tuesday following a rally helped by strong economic data offsetting fears over a spike in new virus infections.

Published 07 Jul, 2020 05:42pm

Middle East

US killing of Iran's top general 'unlawful': UN expert

US President Donald Trump ordered the killing of Soleimani in a January 3 drone strike near Baghdad international airport.

Published 07 Jul, 2020 05:39pm

Money & Banking

HSBC to cut 38pc of global banking and markets jobs in France

An HSBC spokeswoman in Paris said the bank had presented a strategy for "Global Banking and Markets" to staff in France.
Its principle would be to reallocate capital and resources to overcome the structural challenges in this business, to focus on profitable activities.

Published 07 Jul, 2020 05:37pm

Europe

Rome suspends flights from Bangladesh after virus cases

Health Minister said that a one-week suspension of flights had been ordered.

Published 07 Jul, 2020 05:36pm

Middle East

Despite downturn, Saudi Arabia pursues goal of doubling size of capital city

Fahd Al-Rasheed, president of Riyadh's royal commission, said the government has already committed some $266.6 billion for ongoing.
new projects as part of total investments of some $800 billion over the next 10 years in participation with the private sector to transform the city.

Published 07 Jul, 2020 05:32pm

Life & Style

Kanye West's clothing brand received millions in pandemic loan programme for small businesses

The company said the loan would save 160 jobs.

Updated 07 Jul, 2020 05:36pm

USA

US government awards Novavax $1.6bn for coronavirus vaccine

Novavax shares jumped 35% in premarket trade.
What this Warp Speed award does is it pays for production of 100 million doses, which would be delivered starting in the fourth quarter of this year.

Published 07 Jul, 2020 05:30pm

Energy

Angola agrees to comply fully with oil cuts after OPEC pressure

The Organization of the Petroleum Exporting Countries and allies led by Russia, a group known as OPEC+.
The record cuts are now due to run to the end of July, before tapering to 7.7 million bpd until December.

Published 07 Jul, 2020 05:27pm

Forex

Risk currencies breathe after rally, virus resurgence buoys dollar

Aussie dollar down 0.6% as Melbourne enters lockdown.
Dollar index climbs 0.3%.
Yuan hugs 7 per dollar mark.

Published 07 Jul, 2020 05:25pm

Middle East

Egypt, France, Germany, Jordan warn Israel on annexation

The Palestinian Authority, which wants the West Bank for a future Palestinian state, opposes the move. The United States has yet to give its approval to the annexation plans.
We concur that any annexation of Palestinian territories occupied in 1967 would be a violation of international law and imperil the foundations of the peace process.

Published 07 Jul, 2020 05:21pm

Money & Banking

Moody's, S&P monitoring Indonesian central bank's credibility in new debt scheme

The Indonesian government on Monday introduced a nearly $40 billion fiscal deficit financing scheme that includes the central bank buying $28 billion worth of bonds.
Moody's full analysis of the ratings implication depend on aspects that Shah said remained unclear.
"More broadly speaking, the strength of the monetary policy framework is a sort of consideration for us," she said.

Published 07 Jul, 2020 05:16pm

Companies

Russia's Rosneft to buy a drilling business from IDS

The letter said Rosneft, using its Intellektualnye Sistemy affiliate, would take over or merge with telemetry specialist IDS Navigator.
Neither the letter nor the sources said how much the IDS Navigator business will cost or how Rosneft plans to pay for it.

Published 07 Jul, 2020 05:12pm

Companies

Regeneron signs $450mn contract with US govt for COVID-19 therapy

The cocktail, REGN-COV2, is in separate clinical trials assessing its effectiveness in preventing and treating COVID-19, the company said.
The agreement covers a fixed number of bulk lots that are intended to be completed in the fall of 2020, the company said.

Published 07 Jul, 2020 05:05pm

Industry

Indonesia's Telkom Group unblocks Netflix as it amps digital push

Telkom said the decision came after a "change in the US company's approach to the country".
The world's largest Muslim-majority country, with a youthful population of 270 million, is experiencing a boom in its digital economy, which is seen reaching $130 billion by 2025,

Published 07 Jul, 2020 05:03pm

42 more deaths take Sindh's death toll to 1614

1388 people tested positive for the novel virus.

Updated 07 Jul, 2020 04:55pm

Zaidi urges CJP to take suo motu notice of Uzair Baloch's JIT released by Sindh govt

Minister says Sindh govt's JIT report is full of differences and did not mention names of accused who ordered the killings

Updated 07 Jul, 2020 04:23pm

Pakistan

ATC indicts Uzair Baloch in trader kidnapping, murder case

He has confessed to killing 198 people on ethnic and political grounds.

Published 07 Jul, 2020 03:40pm

Industry

Despite witnessing decline in 2019-20, Dawood lauds exporters

The SAPM highlighted that Pakistan exports declined by 6 percent as compared to 2018-19, meanwhile the regional countries fare worse than Pakistan, with Bangladesh witnessing exports decline by 17pc and arch-rival India facing exports plunge of 14pc.

Published 07 Jul, 2020 03:49pm

World

Japan boosts rescue efforts as it warns of more rain in flood-hit areas

The rain front is expected to remain until July 9.

Published 07 Jul, 2020 03:34pm

Companies

TECNO joins hands with Muller & Phipps (M&P) as their official distributor

M&P also owns a Courier Company by the name of M&P Logistics, providing local and international courier services.

Published 07 Jul, 2020 02:45pm

Industry

Medical engineering industry could save Pakistan $1bn in imports, claims Fawad

Fawad revealed that Pakistan imports medical equipment worth $2.1 billion each year, “we also do a $1bn service agreement with companies for operating this equipment.”

Published 07 Jul, 2020 02:47pm

Sports

Untied, City battle for Serie A stars

The after mentioned clubs have struggled defensively this season resulting in slipping away from the championship race.

Updated 07 Jul, 2020 02:38pm

Money & Banking

Pakistan Post should offer more banking services, stresses SBP Report

Cross-country experience has shown that state-owned postal services can play a vital role in financial inclusion of the underserved and unbanked population, especially in the rural areas, read an SBP staff report titled Enhancing Financial Inclusion through Pakistan Post.

Updated 07 Jul, 2020 02:32pm

Pakistan

Pakistan's tree-planting push has a sweetener: more honey

Beekeepers in the plantation said they are now harvesting up to 70% more honey than before the greening project started in 2014, as the trees provide a habitat for bees and create conditions for a growing diversity of plants and flowers.

Published 07 Jul, 2020 02:11pm

Sports

Ben Stokes, Jason Holder to lead from the front

West Indies captain tops the ICC's Test all-rounder rankings, with England stand-in captain in second place.

Published 07 Jul, 2020 02:01pm

Sports

Batting holds key to England, Windies series

West Indies captain tops the ICC's Test all-rounder rankings, with England stand-in captain in second place.

Published 07 Jul, 2020 01:53pm

Business & Finance

UK's Sunak to spend 3 billion pounds on green projects in economy plan

Sunak is expected to focus Wednesday’s announcement mostly on countering a jump in unemployment — which the Bank of England has said could soar to 1980s levels of around 10% or more.

Published 07 Jul, 2020 01:42pm

New Zealand to limit returning citizens as quarantine facilities fill up

Its national airline will not take new bookings for three weeks as the country looks to limit the number of citizens returning home.

Published 07 Jul, 2020 01:29pm

Industry

Pakistan get green signal to export mangoes to Japan

Generally, the export of Pakistani mangoes to Japan is subject to the clearance of Japanese inspectors.
However, this year Pakistani mangoes were allowed to be exported under temporary arrangements without the clearance of Japanese inspectors.

Updated 07 Jul, 2020 01:06pm

Exchange

South Korea’s bank eager to finance Pakistan IT projects

Eximbank is also planning to delay debt repayment of seven loans extended to Pakistan via EDCF.

Published 07 Jul, 2020 12:37pm

Pakistan

JIT declares ex-FCS chief Nisar Morai 'black', recommends criminal proceedings against him

Morai confessed of having contacts with gangster Uzair Baloch.
He also confessed that Mirza gifted him highly valued weapons.

Updated 07 Jul, 2020 12:18pm

Industry

PIA further slashes domestic fares

The one-way fare from Karachi to Islamabad and from Karachi to Lahore has been fixed at Rs 9,572 while passengers will also be allowed to carry 7 kg of hand luggage.

Published 07 Jul, 2020 11:46am

BR Research

Covid-19: Optimism vs evidence

Number of daily positive cases in Pakistan are declining—weekly average positive cases dropped nearly 40 percent...

Updated 07 Jul, 2020 11:44am

India's coronavirus death toll hits 20,000

The country reported 467 new deaths on Tuesday, taking the toll to 20,160.

Published 07 Jul, 2020 11:17am

Life & Style

Oscar-winning composer Ennio Morricone dead at 91

Tributes poured in for the man who composed the music for about 500 films.

Updated 07 Jul, 2020 11:22am

World

UAE says it will test 2 million people for COVID-19 as cases rise

The UAE recorded 528 new cases on Monday, taking its tally to 52,068 with 324 deaths.

Published 07 Jul, 2020 11:14am

World

Pompeo says US looking at banning Chinese social media apps, including TikTok

Pompeo’s remarks also come amid increasing U.S.-China tensions over the handling of the coronavirus outbreak and China’s actions in Hong Kong.

Published 07 Jul, 2020 11:11am

Commodities

Oil prices fall on demand concerns from U.S. coronavirus case surge

U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.4%, to $40.46 a barrel at 0340 GMT, after earlier rising to as high as $40.79.
Brent crude futures declined by 19 cents, or 0.4%, to $42.91, after hitting an intraday high of $43.19.

Published 07 Jul, 2020 10:58am

Technology

TikTok says it will exit Hong Kong market within days

The short form video app owned by China-based ByteDance has made the decision to exit the region following China’s establishment of a sweeping new national security law for the semi-autonomous city.

Published 07 Jul, 2020 10:50am

Technology

Uber scoops up Postmates for $2.65 billion in 'everyday' delivery push

The all-stock deal, still subject to regulatory approval, would give Uber a roughly 30% share of the U.S. food delivery market, trailing only rival DoorDash, which commands some 45%, according to analytics firm Second Measure.

Published 07 Jul, 2020 10:47am

Industry

United Airlines adds more international routes for September

United Airlines said last week it will add nearly 25,000 domestic and international flights in August, tripling the number it flew in June, while standing ready to shift plans if a spike in COVID-19 cases hits demand.

Published 07 Jul, 2020 10:45am

Stocks

Asian shares hit speed bump, China extends sharp rally

MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.25%, a seemingly inevitable correction after sharp gains of 7% in just five days that took it to a 4-1/2-month high.

Published 07 Jul, 2020 10:43am

Exchange

International students must leave US if they take only online classes

After the announcement, international students only have two options i.e. attend in-person classes or take them online from another country.

Published 07 Jul, 2020 10:34am

Exchange

The right time for tariff revision

Macro numbers – inflation and interest rates, are improving. The current account is in control and foreign ...

Published 07 Jul, 2020 09:23am

BR Research

Petroleum tax: FY20 sets record

Had all other avenues responded as well as petroleum, the FBR could have even achieved the pre-Covid tax target. Tax...

Published 07 Jul, 2020 09:22am

BR Research

On the market of information

Misinformation and disinformation has become a growing menace, not just over social media but also at conventional...

Published 07 Jul, 2020 09:21am

Currency

Saritow Spinning Mills Limited

Saritow Spinning Mills Limited (PSX: SSML) was incorporated as a public limited company in 1987, under the...

Published 07 Jul, 2020 09:18am

Life & Style

Chinese e-retailer Shein apologises for selling prayer mats as decorative rugs

"We understand this was a highly offensive oversight and are truly sorry," said Shein in a statement.

Published 07 Jul, 2020 08:30am

Currency

Iran's hardline lawmakers move to summon Rouhani

DUBAI: Iran's hardline lawmakers plan to summon the president for questioning, a move that could ultimately lead to...

Updated 07 Jul, 2020 03:50am

Trump calls on black NASCAR driver to apologize over noose protest

WASHINGTON: US President Donald Trump called Monday on NASCAR's only black driver Bubba Wallace to apologize for...

Updated 07 Jul, 2020 03:50am

Outsourcing of financial services to private entity: IHC appoints AGP, CMA as amici curiae

ISLAMABAD: The Islamabad High Court (IHC) on Monday appointed the Accountant General of Pakistan and the Controller...

Updated 07 Jul, 2020 03:50am

Customs officers, investor booked in tax evasion case

KARACHI: Directorate Intelligence and Investigation (DI&I), Customs, Karachi has booked an assistant collector...

Updated 07 Jul, 2020 03:50am

Taliban violence pose 'serious challenges' to peace process: Ghani

KABUL: Afghan President Ashraf Ghani warned Monday that Taliban violence is threatening the country's peace process,...

Updated 07 Jul, 2020 03:50am

Pakistan

Covid-19 patients: AKHS, P launches emergency response centre in Mastuj, Chitral

KARACHI: A 20-bed emergency response centre for Covid-19 patients, established by the Aga Khan Health Service,...

Updated 07 Jul, 2020 03:49am

Pakistan

Covid-19 claims 46 more lives, infects 1,572 overnight: CM

KARACHI: Covid-19 has claimed 46 more lives and infected 1708 overnight lifting the death toll to 1572 and tally of...

Updated 07 Jul, 2020 03:49am

Pakistan

KP CM directs departments to review laws

PESHAWAR: KP Chief Minister Mahmood Khan has directed all the provincial departments to meticulously review their...

Updated 07 Jul, 2020 03:46am

Pakistan

Fee of private schools: Notification corrected, PED informs court

LAHORE: Punjab Education Department on Monday informed the Lahore High Court during a hearing of a contempt petition...

Updated 07 Jul, 2020 03:46am

Pakistan

Extension in pre-arrest bail: Shahbaz approaches LHC seeking exemption

LAHORE: PML-N president and opposition leader in National Assembly Shahbaz Sharif has approached the Lahore High...

Updated 07 Jul, 2020 03:46am

Pakistan

CM directs BoR to make arazi centres functional

LAHORE: Chief Minister Punjab Sardar Usman Buzdar on Monday directed the Board of Revenue to make mobile arazi...

Updated 07 Jul, 2020 03:46am

Pakistan

Fazl contacts Bilawal, discusses impact of 'anti-people' budget

LAHORE: Jamiat Ulema-e-Islam (JUI) Chief Maulana Fazl-ur-Rehman contacted Chairman Pakistan Peoples Party (PPP)...

Updated 07 Jul, 2020 03:46am

Pakistan

Railways to improve safety infrastructure

ISLAMABAD: Pakistan Railways has decided to improve safety infrastructure and monitoring at all level crossings to...

Updated 07 Jul, 2020 03:46am

World

Covid-19 imperils AIDS progress, UN warns

PARIS: Covid-19 could cause an additional half a million AIDS deaths if treatment is disrupted long term, the United...

Updated 07 Jul, 2020 03:45am

World

Russia threatens to respond to UK 'hostile' sanctions move

MOSCOW: Russia on Monday threatened to retaliate after Britain sanctioned a number of Russian officials for their...

Updated 07 Jul, 2020 03:45am

World

Global experts warn of Covid-19 airborne threat

WASHINGTON: An international group of 239 scientists on Monday urged authorities including the World Health...

Updated 07 Jul, 2020 03:45am

World

China accuses UK of 'gross interference' over HK

LONDON: Beijing's ambassador to London on Monday accused Britain of "gross interference" in China's internal ...

Updated 07 Jul, 2020 03:45am

Life & Style

Aaj TV - Tuesday's schedule

KARACHI: All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55...

Updated 07 Jul, 2020 03:41am

Pakistan

SHC stresses need for e-library

KARACHI: The Covid-19 pandemic has made the need of e-library (e-education) more viable, the Sindh High Court (SHC)...

Updated 07 Jul, 2020 03:39am

Pakistan

767 food outlets sealed across Punjab in 3 months

LAHORE: The Punjab Food Authority (PFA) has sealed 767 food points, punished 8,724 eateries and stopped production ...

Updated 07 Jul, 2020 03:39am

Pakistan

Justice Afridi declines to hear Meesha Shafi's plea

ISLAMABAD: Justice Yahya Afridi has declined to hear appeal of Meesha Shafi, a musician and actor, in a sexual...

Updated 07 Jul, 2020 03:38am

Pakistan

Abdullah Abdullah to visit Pakistan soon

ISLAMABAD: The head of Afghan High Council for National Reconciliation, Dr Abdullah Abdullah, will soon visit...

Updated 07 Jul, 2020 03:36am

Pakistan

Post-coronavirus scenario: ILO will convene special session tomorrow

ISLAMABAD: The International Labour Organization (ILO) will convene a special session tomorrow (Wednesday) to chalk...

Updated 07 Jul, 2020 03:35am

Pakistan

85 coronavirus cases reported in capital

ISLAMABAD: As many as 85 confirmed coronavirus cases were reported in the federal capital on Monday with confirmed...

Updated 07 Jul, 2020 03:34am

Pakistan

Pakistan urges UNSC to denounce Indian atrocities in Kashmir

UNITED NATIONS: India has "callously exploited" the coronavirus crisis to further advance its occupation of Jammu ...

Updated 07 Jul, 2020 03:34am

Pakistan

One more polio case reported in Karachi

KARACHI: One more case of polio was reported from Sindh on Monday, raising the total number of children affected by...

Updated 07 Jul, 2020 03:34am

Pakistan

Ceasefire violations: Senior Indian diplomat summoned

ISLAMABAD: Pakistan summoned a senior Indian diplomat to the Ministry of Foreign Affairs on Monday to register a...

Updated 07 Jul, 2020 03:32am

Pakistan

Shibli to form task force on film industry

ISLAMABAD: Federal Minister for Information and Broadcasting Senator Shibli Faraz on Monday assured to set up a film...

Updated 07 Jul, 2020 03:32am

Pakistan

Five injured as Indian troops resort to unprovoked firing along LoC: ISPR

RAWALPINDI: Five civilians, including two boys and two elderly women, were injured as Indian troops resorted to...

Updated 07 Jul, 2020 03:31am

Pakistan

Government decides to convene a marathon session of NA on 8th

ISLAMABAD: The government has decided to convene a marathon session of National Assembly on July 8 (Wednesday) to...

Updated 07 Jul, 2020 03:31am

Pakistan

Nepra takes notice of complaints against KE

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has taken a serious notice of the load-shedding...

Updated 07 Jul, 2020 03:31am

Libor

New govt body extensively engaged with IPPs

ISLAMABAD: The newly-constituted committee headed by Chairman Federal Land Commission , Babar Yaqoob Fateh Muhammad,...

Updated 07 Jul, 2020 03:28am

Roosevelt Hotel to land in cabinet's lap today

ISLAMABAD: The proposed disposal of Roosevelt Hotel, New York, will land in the federal cabinet's lap on Tuesday...

Updated 07 Jul, 2020 03:28am

Stocks

Dubai outperforms in weak Gulf, Egypt extends gains

DUBAI: The Dubai stock market closed higher on Monday ahead of Dubai Financial Market (DFM), the emirate's main ...

Updated 07 Jul, 2020 03:26am

Stocks

SECP introduces Professional Clearing Member Regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Professional Clearing Members...

Updated 07 Jul, 2020 03:26am

Stocks

Public consultation: SECP issues draft PCM Regulations 2020

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Professional Clearing Members...

Updated 07 Jul, 2020 03:26am

Energy

Oil rises on economic data but spike in US virus cases caps gains

NEW YORK: Oil rose slightly on Monday as positive economic data supported prices, while a spike in coronavirus cases...

Updated 07 Jul, 2020 03:26am

Energy

Welfare schemes: E&P companies directed to enhance development spending

ISLAMABAD: Federal government has directed oil and gas exploration and production (E&P) companies to enhance...

Updated 07 Jul, 2020 03:26am

Commodities

Coffee market quiet in Vietnam and Indonesia

BANDAR LAMPUNG: Trade in Vietnam's coffee market ground to a virtual halt due to a lack of beans, while domestic...

Updated 07 Jul, 2020 03:26am

Commodities

Gold demand in China, India continues to wane

MUMBAI: Physical gold demand in top consumers China and India continued to struggle due to the COVID-19 pandemic ...

Updated 07 Jul, 2020 03:26am

Commodities

PMEX daily trading report

KARACHI: On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,406. The traded value...

Updated 07 Jul, 2020 03:26am

Currency

Early trade in New York: Yuan set for best day since Dec against dollar

NEW YORK: The yuan on Monday was on track for its best day against the dollar since December as investors lapped up...

Updated 07 Jul, 2020 03:24am

Exchange

South Africa rand up

JOHANNESBURG: South Africa's rand firmed on Monday, thanks to a broad recovery in risk appetite on growing...

Updated 07 Jul, 2020 03:24am

Exchange

Indonesia unveils $40bn bond scheme to fund recovery from pandemic

JAKARTA: Indonesia's central bank has agreed to buy 574.59 trillion rupiah ($40 billion) of government bonds this...

Updated 07 Jul, 2020 03:24am

Industry

US services sector returned to growth in June

WASHINGTON: The US services sector grew in June after the coronavirus pandemic caused its steepest-ever contraction...

Updated 07 Jul, 2020 03:23am

Industry

Uber buys delivery startup Postmates for $2.65bn

WASHINGTON: Uber said Monday it was buying delivery startup Postmates for $2.65 billion in stock, in a move shaking...

Updated 07 Jul, 2020 03:23am

Industry

FPCCI for promotion of trade among ECO countries

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) vice president Shaikh Sultan Rehman has...

Updated 07 Jul, 2020 03:23am

Business & Finance

Public-private partnership: Three mega-road projects worth over Rs 480 billion under implementation

ISLAMABAD: The Sukkur-Hyderabad Motorway project at the cost of Rs182.5 billion, along with N-25 Karachi-Quetta Road...

Updated 07 Jul, 2020 03:23am

Business & Finance

Russian economy will shrink 6pc in 2020: WB

MOSCOW: The World Bank expects Russia's economy to shrink 6% this year, the most since 2009, under pressure from the...

Updated 07 Jul, 2020 03:23am

USA

Supreme Court rules US states can punish 'faithless electors'

WASHINGTON: The Supreme Court ruled Monday that US states have the right to remove and punish members of the...

Updated 07 Jul, 2020 03:20am

Asia

Earthquake rocks Kabul

KABUL: A shallow magnitude-4.6 earthquake rocked Kabul on Monday, the US Geological Survey said, sending crowds into...

Updated 07 Jul, 2020 03:18am

Asia

India surges in cases as virus slams US hospitals

NEW DELHI: India on Monday became the country with the third-highest coronavirus caseload in the world, as officials...

Updated 07 Jul, 2020 03:18am

World

Israel launches new spy satellite

OCCUPIED JERUSALEM: Israel launched a new reconnaissance satellite early Monday, the defence ministry said, its...

Updated 07 Jul, 2020 03:18am

Currency

German recovery from Covid-19 will be slow and painful

BERLIN: German industrial orders rebounded moderately in May and a fifth of firms in Europe's biggest economy said ...

Updated 07 Jul, 2020 03:18am

World

Germany makes new arrest in Wirecard collapse

BERLIN: German prosecutors said Monday they have made a new arrest related to the spectacular collapse of payments...

Updated 07 Jul, 2020 03:18am

World

China says five sailors kidnapped off Nigeria

LAGOS: Five Chinese sailors were abducted by pirates last week from a cargo ship in Nigerian waters, the Chinese...

Updated 07 Jul, 2020 03:18am

Countries told: Curb climate change, protect environment

NAIROBI: Land degradation, wildlife exploitation, intensive farming and climate change are driving the rise in...

Updated 07 Jul, 2020 03:16am

Commissioners reluctant to issue Exemption Certificate

ISLAMABAD: Following delay in issuance of income tax explanatory circular 2020, the Commissioners Inland Revenue are...

Updated 07 Jul, 2020 03:16am

Business & Finance

Daraz, Telenor to enable accelerated digitalization

KARACHI: Daraz has signed a partnership with Telenor Pakistan to offer customers access to prepaid packages and...

Updated 07 Jul, 2020 03:15am

Domestic pilgrims: Saudi Arabia announces Hajj health measures

CAIRO: Saudi Arabia announced health protocols to prevent the spread of the new coronavirus in the 2020 Hajj season,...

Updated 07 Jul, 2020 03:15am

Azad Pattan Hydel Power Project: Pakistan, China sign deal on construction

ISLAMABAD: Pakistan and China on Monday signed an agreement for construction of Azad Pattan Hydel Power Project of...

Updated 07 Jul, 2020 03:15am

PM opens first-ever ventilator production unit

HARIPUR: Prime Minister Imran Khan on Monday inaugurated the facility of country's first-ever indigenously made...

Updated 07 Jul, 2020 03:15am

PM urges WHO to play its role in removing travel restrictions

ISLAMABAD: Prime Minister Imran Khan Monday called upon the World Health Organization (WHO) to play its role in...

Updated 07 Jul, 2020 03:15am

Health facilities: SBP enhances scope of refinance facility

KARACHI: The State Bank of Pakistan (SBP) has further enhanced the scope of Refinance Facility to Combat COVID-19...

Updated 07 Jul, 2020 03:14am

Dr Zafar tests positive for Covid-19

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on National Health Services and Regulations Dr Zafar Mirza...

Updated 07 Jul, 2020 03:14am

Exchange

OICCI Security Survey 2020: Foreign investors upbeat about improved security environment

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI), the largest chamber in terms of economic...