News Archives for Latest - 2020-07-11

Industry

French aerospace firm Safran to build new Mexico factory

Ebrard said on Twitter that he was informed on July 1 that Safran "begins construction of a plant in Chihuahua to manufacture the interiors of Boeing passenger planes.
Safran in May announced it had laid off 3,000 employees in Mexico amid an unprecedented crisis in the aerospace industry stemming from the coronavirus pandemic.

Published 11 Jul, 2020 08:52pm

South Asia

China's CanSino in talks for COVID vaccine Phase III trial overseas

China's success in driving down COVID-19 infections has made it harder to conduct large-scale vaccine trials, and so far only a few countries have agreed to work with it.
We are contacting and Russia, Brazil, Chile and Saudi Arabia (for the Phase III trial) and it's still in discussion

Published 11 Jul, 2020 08:50pm

Commodities

Ukraine sunoil exports rise 10pc to 5.7mn tonne so far 2019/20

Ukraine exported 588,200 tonnes of the commodity in June, the consultancy said in a report.
APK-Inform has forecast Ukraine will produce 6.7 million tonnes of sunoil in the 2019/20 season and may increase output to nearly 6.9 million tonnes in 2020/21 .

Published 11 Jul, 2020 08:47pm

Exchange

US warns citizens of heightened detention risks in China

US citizens may be detained without access to US consular services or information about their alleged crime,
The security alert comes as bilateral tensions intensify over issues ranging from the COVID-19 pandemic, trade, the new Hong Kong security law.

Published 11 Jul, 2020 08:43pm

Middle East

Dubai announces new coronavirus economic support worth over $400mn

The package is the third announced by Dubai, the second-largest and second-wealthiest member of the United Arab Emirates federation.
The Dubai support measures come on top of initiatives implemented at the federal level, especially by the UAE central bank,

Published 11 Jul, 2020 08:40pm

Technology

India asks court to stymie potential challenge to Chinese app ban

Chinese firms have faced hostility since a border clash that killed 20 Indian soldiers, with Delhi intensifying scrutiny of Chinese imports and any funding from China.
Let nothing be done till the applicants (government) are heard in the matter.

Published 11 Jul, 2020 08:38pm

Currency

Floods, landslides kill 40 in Nepal, many missing

Rescuers are looking for those who are still missing in Myagdi," Dhakal said, adding that 50 people had been plucked to safety using helicopters.
"We are searching for eight people who are still missing," said Kishore Shrestha, a senior police official, said.

Published 11 Jul, 2020 08:33pm

Europe

German states to borrow 95bn euros to cushion virus fallout

The borrowing comes on top of the 218.5 billion euros of debt the Federal Government plans to issue to help finance support to an economy.
Der Spiegel calculated, after surveying regional finance ministries, that Germany's states, which enjoy wide autonomy under the country's highly devolved system of governance,

Published 11 Jul, 2020 08:30pm

Industry

Italy pushes to end stalemate over single broadband network

Rome wants Enel and TIM to sign a preliminary deal by end-July.
Italy's FinMin tabled request at a meeting with Enel's Starace.
TIM is in talks to sell 40% of its secondary network to KKR.
Govt is in favour of CDP investing in TIM's last-mile grid.

Published 11 Jul, 2020 08:27pm

Business & Finance

India in talks with EU for trade deal, open to pact with UK

Asia's third largest economy is open to engage with the U.K. for a preferential trade agreement with the ultimate goal of a free trade agreement between the countries.
He said that he is also in dialogue with the European Union's trade commissioner for a deal that could start with a preferential trade agreement.

Published 11 Jul, 2020 08:22pm

Pakistan

School Of Tomorrow – The World's Premier Schools & Societies Conference continues on day-two

Global Education Leaders Carla Rinaldi, President of Reggio Emilia & Andreas Schleicher, Director of OECD Education & Skills featured amongst 60+ global leaders.

Updated 11 Jul, 2020 08:25pm

USA

Trump move to free ally is 'historic corruption': Republican senator

President Trump's decision to commute the sentence of top campaign advisor Roger Stone is an act of staggering corruption, Nancy Pelosi tweeted.

Published 11 Jul, 2020 08:22pm

World

Erdogan rebuffs criticism over Hagia Sophia conversion to mosque

Erdogan announced Friday that Muslim prayers would begin on July 24 at the UNESCO World Heritage site.

Published 11 Jul, 2020 08:16pm

Exchange

At border with Iran, Iraq PM vows to fight customs corruption

Iraq is ranked one of the top 20 most corrupt countries in the world according to Transparency International.

Updated 11 Jul, 2020 08:16pm

World

US warns of 'arbitrary detention' risk in China

Australia and Canada have also issued travel warnings over fears of arbitrary detention by Beijing.

Published 11 Jul, 2020 07:26pm

Sports

Manchester United get major boost in Sancho pursuit

The England international has been linked with the Red Devils and some other majors clubs in Europe.

Updated 11 Jul, 2020 07:18pm

Sports

Champions League absence won't cause panic: Solskjaer

Man Utd manager says club will not alter plans in transfer market.

Published 11 Jul, 2020 06:41pm

World

Bill Gates calls for COVID-19 meds to go to people who need them, not 'highest bidder'

If we just let drugs and vaccines go to the highest bidder, instead of to the people and the places where they are most needed,
We need leaders to make these hard decisions about distributing based on equity, not just on market-driven factors.

Published 11 Jul, 2020 06:33pm

Business & Finance

Emirates airline to cut up to 9,000 jobs: report

It resumed two weeks later on a limited network and plans to fly to 58 cities by mid-August, down from about 157 before the crisis.

Published 11 Jul, 2020 06:36pm

Exchange

Chinese EV maker Li Auto files for US listing

The move, announced on Friday, comes as share prices of EV makers including Tesla Inc and Nio Inc have surged in recent months.
The Beijing-based company, led by chief executive Li Xiang, sold 9,666 vehicles in the first six months this year.

Published 11 Jul, 2020 06:31pm

Money & Banking

Chinese banks must brace for surge in bad loans: regulator

China's Banking and Insurance Regulatory Commission said in a statement that profit growth would slow sharply at some banks while others could see profits decline.
Data from the commission shows that Chinese commercial banks booked 2 trillion yuan in profits in 2019, up 8.9% from a year earlier.

Published 11 Jul, 2020 06:27pm

South Asia

North Korea denounces UK for sanctions on organisations accused of links to prison camps

The move against the two organisations, named as the Ministry of State Security Bureau 7 and Ministry of People's Security Correctional Bureau.
Britain's latest move is a flagrant political plot to jump on the bandwagon of the United States' inimical policy.

Published 11 Jul, 2020 06:21pm

Sports

Jack Charlton, England World Cup winner and Irish hero, dies at 85

We cannot express how proud we are of the extraordinary life he led and the pleasure he brought to so many people in different countries and from all walks of life.
So saddened to hear of the passing of Jack Charlton who brought such honesty and joy to the football world.

Published 11 Jul, 2020 06:15pm

South Asia

China's southern Jiangxi declares highest flood alert

Provincial authorities expect severe regional flooding in Poyang, China's largest freshwater lake which connects to the Yangtze.
With downpours continuing to wreak havoc across vast swaths of China, several other cities along the Yangtze have declared highest-level flood warnings.

Published 11 Jul, 2020 06:12pm

Europe

Two former French agents sentenced to prison over China spying case

Judges of a criminal court, which held a trial behind closed doors, sentenced the two men to terms of eight and 12 years respectively for treason.
A third person, said by France Info to be the spouse of one of the former agents, received a four-year sentence.

Published 11 Jul, 2020 06:06pm

South Asia

Iran's president calls for ban on weddings, wakes to halt virus spread

Iran has been gradually relaxing its lockdown since mid-April, but has recently reported a sharp rise in the infection rate.
We must ban ceremonies and gatherings all over the country, whether it be wakes, weddings or parties.

Published 11 Jul, 2020 06:02pm

Companies

E.ON sells Czech consumer business to Hungary's MVM

The Czech business belonged to Innogy, which E.ON bought in 2019. As part of the antitrust approvals process for the acquisition.
The business being sold has 1.2 million gas customers and 0.4 million electricity customers.

Published 11 Jul, 2020 05:53pm

Africa

Mali opposition says one protest leader detained

One protest leader, Issa Kaou Djim, was detained and remains in custody, a spokesman for the M5-RFP opposition coalition said.
One protester was killed on Friday and over 20 wounded, according to the coalition. The police have not yet commented.

Published 11 Jul, 2020 05:35pm

South Asia

Hong Kong democracts hold primary despite security law warning

Organisers said nearly 60,000 people had voted in the first three hours.

Published 11 Jul, 2020 05:47pm

USA

California to release 8,000 more prisoners over virus fears

California has confirmed more than 300,000 coronavirus cases and over 6,800 deaths from the disease.

Published 11 Jul, 2020 05:44pm

Sports

Cricket stadium Eden Gardens to be used for coronavirus quarantine

India's nationwide coronavirus toll rose Saturday to 820,916 cases with 22,193 deaths.

Published 11 Jul, 2020 05:14pm

Pakistan

Thar Power Plant produces 4,305 GwH electricity in first year, saving huge foreign exchange

The plant also generated much cheaper per unit of electricity compared with the LNG-based and imported coal-based producers.

Published 11 Jul, 2020 04:53pm

Sports

EPL reiterates need for distancing

All 20 clubs contacted regarding players’ failure to adhere to SOPs during breaks.

Updated 11 Jul, 2020 04:53pm

Middle East

Iran says cannot shut down economy despite worsening virus outbreak

Health ministry spokeswoman reported that 188 people had died from the respiratory disease in the past 24 hours, raising the overall toll to 12,635.

Published 11 Jul, 2020 04:51pm

Pakistan

Making history, Pakistan born Asifa to lead biology, medicine at Max Planck Society

Born in 1971 in Karachi Pakistan, Asifa is the first international female Vice President in the Biology and Medicine Section.
Asifa would now be in charge of the Institutes of medicine section and will also be the contact person for the Max Planck Schools.

Updated 11 Jul, 2020 04:46pm

Sports

Empty Wembley waits for Euro party

FA announced 124 redundancies with fears of losing £300m over next four years.

Updated 11 Jul, 2020 04:27pm

Middle East

Iran will develop oil industry despite U.S. sanctions - says minister

“We will not surrender under any circumstances ... We have to increase our capacity so that when necessary with full strength we can enter the market and revive our market share,” said Zanganeh.

Published 11 Jul, 2020 04:09pm

Business & Finance

Indian economy's medium-term outlook remains uncertain - RBI Governor

According to most estimates, the Indian economy will register a record contraction of over 4.5% in the current fiscal year that started on April 1 due to the pandemic.

Published 11 Jul, 2020 03:10pm

Pakistan

CAA to take action, if found smoking in cockpit, cabin

The CAA has asked all operators to ensure a culture of non-smoking in the cockpit.

Published 11 Jul, 2020 02:47pm

Sports

Azhar Ali and Sarfaraz Ahmed to captain in two-day practice match

The game will provide further match practice to the squad.

Published 11 Jul, 2020 02:26pm

Technology

Pakistan will turn into 'Technological Superpower' in 10 years, says Fawad

“In the next phase, Health City is being set up on 200 acres of land in Faisalabad and Science and Technology Special Economic Zones will be built in Lahore, Karachi, and Islamabad," says Fawad.

Published 11 Jul, 2020 02:01pm

Sports

Arsenal threaten to turn tide on Spurs

Mourinho’s side have a point to prove when they face Arteta’s Gunners.

Published 11 Jul, 2020 01:54pm

Perspectives

NGO Vs Pandemic

The Covid-19 pandemic changing the world faster than ever, people will lose their job & livelihood motley...

Published 11 Jul, 2020 01:29pm

Pakistan

Sindh sanctions Adhoc Relief Allowance-2020 for govt employees

As per the memo, the allowance will be subject to income tax, and will not be admissible to the employees during the tenure of their posting/ deputation abroad.

Published 11 Jul, 2020 01:21pm

Pakistan

Cattle markets to be set up on outskirts of the cities: NCOC

The NCOC was informed that the World Health Organization (WHO) has acknowledged Pakistan’s efforts to contain COVID-19 and termed Pakistani data accurate.

Published 11 Jul, 2020 12:10pm

World

U.S. coronavirus cases rise by record for third day in a row, up over 62,500

Seven states reported record increases in cases on Friday: Alaska, Georgia, Louisiana, Montana, Ohio, Utah and Wisconsin.

Published 11 Jul, 2020 11:11am

Technology

UK expected to order removal of Huawei 5G equipment by 2025

The Telegraph reported that British culture minister Oliver Dowden will make a statement in Parliament on Tuesday about Huawei, and that ministers wanted Huawei’s removal within five years.

Published 11 Jul, 2020 10:26am

Exchange

K-Electric identifies 'reasons' behind power outages: Gas, FO not being supplied as per commitment

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) and top management of Karachi Electric (KE) on ...

Updated 11 Jul, 2020 10:27am

Technology

U.S. slaps French goods with 25% duties in digital tax row, but delays effective date

The U.S. move follows a U.S. Section 301 probe, which concluded the French tax discriminates against U.S. tech firms such as Google, Facebook and Apple Inc.

Published 11 Jul, 2020 10:25am

Business & Finance

Billionaire Musk's net worth zooms past Warren Buffett's

Musk’s fortune rose by $6.07 billion on Friday, Bloomberg News said, following a 10.8% jump in the electric carmaker’s stock.

Published 11 Jul, 2020 10:18am

Technology

LinkedIn sued over allegation it secretly reads Apple users' clipboard content

According to Apple’s website, Universal Clipboard allows users to copy text, images, photos, and videos on one Apple device and then paste the content onto another Apple device.

Published 11 Jul, 2020 10:16am

Pakistan

Women empowerment programme launched in KP

PESHAWAR: Khyber Pakhtunkhwa Information Technology Board (KPITB) here on Friday launched 'Women Empowerment through...

Updated 11 Jul, 2020 03:27am

Pakistan

Oxfam says hunger can kill more people than Covid-19

ISLAMABAD: With most of the world caught up solely to contain the Covid-19 pandemic, the international humanitarian...

Updated 11 Jul, 2020 03:25am

Pakistan

PM asks PIA CEO to submit restructuring plan in a week

ISLAMABAD: Prime Minister Imran Khan on Friday directed the Chief Executive Officer of PIA , Air Marshal Arshad ...

Updated 11 Jul, 2020 03:24am

Middle East

Iraqi MP dies of Covid-19

BAGHDAD: Iraqi lawmaker Ghida Kambash died Friday after contracting the novel coronavirus, parliament announced, its...

Updated 11 Jul, 2020 03:24am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Friday...

Updated 11 Jul, 2020 03:23am

Pakistan

ML-1 track completion only way to control accidents: Rashid

ISLAMABAD: Minister for Railways Sheikh Rashid Ahmed has said that completion of the Main Line-1 (ML-1) track is the...

Updated 11 Jul, 2020 03:23am

Life & Style

Aaj TV - Saturday'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 11 Jul, 2020 03:23am

18th Amendment, NFC Award: Zardari, Fazl vow 'no flexibility'

KARACHI: Pakistan Peoples Party (PPP) and the Jamiat Ulema-e-Islam (JUI-F) leadership has agreed to continue with...

Updated 11 Jul, 2020 03:22am

IMF warns cutting spending too soon could derail recovery

WASHINGTON: As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global...

Updated 11 Jul, 2020 03:22am

WHO team on way to China to set up probe into virus origin

GENEVA: An advance team from the World Health Organization (WHO) has left for China to organise an investigation ...

Updated 11 Jul, 2020 03:21am

USA

Trump heads to Florida as coronavirus cases surge

WASHINGTON: US President Donald Trump headed to coronavirus-stricken Florida on Friday to attend a campaign...

Updated 11 Jul, 2020 03:21am

South Asia

Nepal cable operators ban Indian news after border dispute

KATHMANDU: Nepal's cable television operators have suspended Indian news channels for "objectionable" reporting on...

Updated 11 Jul, 2020 03:21am

Pakistan

PSP slams KE over poor performance

KARACHI: Pak Sarzameen Party (PSP) chairman Syed Mustafa Kamal said since last several years, the incompetent...

Updated 11 Jul, 2020 03:20am

Pakistan

Non-bailable arrest warrants of Sarfaraz Bugti issued

QUETTA: An additional session's court here on Friday issued non-bailable warrants for the arrest of Senator Sarfaraz...

Updated 11 Jul, 2020 03:18am

Energy

Asia's naphtha at two-session high

SINGAPORE: Asia's naphtha crack was at a two-session high of $92.43 a tonne on Thursday, which translates to a...

Updated 11 Jul, 2020 03:18am

Stocks

S&P warns Dubai economy to shrink 11 percent, cuts property giants to junk

LONDON: S&P Global warned that Dubai's economy was set to shrink 11% this year, as it cut the credit ratings of...

Updated 11 Jul, 2020 03:17am

Pakistan

WB money to be spent only on cleaning of drains, contractors told

KARACHI: Local Government Secretary Roshan Ali Sheikh Friday asked the contractors concerned that money provided by...

Updated 11 Jul, 2020 03:17am

Energy

Government fails to promote renewable energy

LAHORE: The federal government's efforts to promote renewable energy (RE) are limited to lip-service over the last...

Updated 11 Jul, 2020 03:17am

Energy

Oil climbs over 2 percent on improved forecast for demand recovery

NEW YORK: Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) bumped up its 2020...

Updated 11 Jul, 2020 03:17am

Pakistan

Speaker refers agri tubewell subsidy issue to NA body

ISLAMABAD: National Assembly Speaker Asad Qaiser has referred the issue of agriculture tube well subsidy for farmers...

Updated 11 Jul, 2020 03:16am

Pakistan

Fee for training for MBBS doctors: SC issues notice to PMDC, AGP

ISLAMABAD: The Supreme Court issued notice to the Pakistan Medical and Dental Council (PMDC) and the Attorney ...

Updated 11 Jul, 2020 03:15am

Commodities

Copper prices surging to pre-coronavirus levels

LONDON: Copper was set for its weekly biggest rise in more than two years on Friday, with prices surging to...

Updated 11 Jul, 2020 03:15am

Commodities

China's iron ore futures rise for 5th day

MANILA: Chinese iron ore futures extended gains to a fifth straight session on Thursday as mills bought the...

Updated 11 Jul, 2020 03:15am

Commodities

PMEX daily trading report

KARACHI: On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,463. The traded value...

Updated 11 Jul, 2020 03:15am

Pakistan

Capital sees slight increase in Covid-19 cases

ISLAMABAD: The number of reported confirmed coronavirus cases registered a slight increase in the capital city on...

Updated 11 Jul, 2020 03:15am

Exchange

IHC directs to decide Ritchie's visa issue as per law

ISLAMABAD: The Islamabad High Court (IHC) on Friday directed Secretary Interior to decide the US citizen, Cynthia...

Updated 11 Jul, 2020 03:14am

Pakistan

MNA issued show-cause notice over accusing PTI vice chief

ISLAMABAD: The disciplinary committee of the Pakistan Tehreek-e-Insaf (PTI) on Friday slapped MNA Ahmed Hussain...

Updated 11 Jul, 2020 03:14am

Opinion

Partly Facetious: The Buzz's TOR!

ARTICLE: "The Khan has given The Buzz only one term of reference." "Only one?! Besides do you mean term of ...

Updated 11 Jul, 2020 03:13am

Money & Banking

China bank lending hits record $1.72 trillion in first half after solid June

BEIJING: New bank lending in China rose 22.3% in June as authorities continued to boost credit and ease policy to ...

Updated 11 Jul, 2020 03:13am

Money & Banking

Virus-hit Afghanistan gets $200 million World Bank grant

KABUL: The World Bank has approved $200 million in aid to help Afghanistan tackle economic losses from the...

Updated 11 Jul, 2020 03:13am

Currency

Bulgaria, Croatia take vital step on road to joining euro

FRANKFURT: Bulgaria and Croatia have been accepted into ERM-2 mechanism, a mandatory waiting room for joining the...

Updated 11 Jul, 2020 03:13am

Pakistan

Indian occupied Kashmir: Pakistan for enhanced international monitoring of rights crisis

ISLAMABAD: Pakistan on Friday called for an enhanced international monitoring of the human rights crisis in the...

Updated 11 Jul, 2020 03:13am

Business & Finance

Online booking facility for tourists

LAHORE: The Punjab Tourism Department will soon launch an online booking facility for tourists. In this connection,...

Updated 11 Jul, 2020 03:11am

Opinion

Economy - the least problem

ARTICLE: This column, for the last couple of weeks or more, has been building arguments to support the view that the...

Updated 11 Jul, 2020 03:11am

Technology

Twitter's Dorsey donates $3 million to test universal basic income

SAN FRANCISCO: Twitter chief executive Jack Dorsey has said he will donate $3 million to a group of US mayors to...

Updated 11 Jul, 2020 03:11am

Industry

Qatar Airways makes test mandatory for passengers

ISLAMABAD: Qatar Airways on Friday announced coronavirus test mandatory for passengers to undergo before boarding...

Updated 11 Jul, 2020 03:11am

Industry

Gas share to KE: Industrialists concerned over SSGC decision

KARACHI: Industrialists from seven industrial estates of the city have expressed deep concern over Sui Southern Gas...

Updated 11 Jul, 2020 03:11am

Industry

28 local auto part manufacturers: SMEDA, JICA provides technical training, support

ISLAMABAD: The Small and Medium Enterprise Development Authority (SMEDA) in collaboration with the Japan...

Updated 11 Jul, 2020 03:11am

Business & Finance

EU chief makes bid to break recovery fund deadlock

BRUSSELS: EU chief Charles Michel unveiled Friday his latest proposal for a 750-billion-euro pandemic recovery fund...

Updated 11 Jul, 2020 03:11am

Business & Finance

Razak oversees PPE's exports to ensure no increase in prices

ISLAMABAD: Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood chaired a meeting of the...

Updated 11 Jul, 2020 03:11am

Business & Finance

CPEC project: Various proposals for new industrial estate/zone discussed

ISLAMABAD: Ministry of Planning & Development and Islamabad based businessmen Friday discussed various proposals...

Updated 11 Jul, 2020 03:11am

Opinion

PIA: government's left with only one option

ARTICLE: The Federal Minister of Aviation, while making a statement on the floor of the National Assembly that a...

Updated 11 Jul, 2020 03:10am

Editorials

On with an expeditious accountability process

EDITORIAL: Hearing suo motu proceedings of the joke the accountability process seems to have become, a three-member...

Updated 11 Jul, 2020 03:09am

World

Trudeau family paid by charity at heart of ethics probe: report

MONTREAL: The charity at the heart of an ethics investigation targeting Prime Minister Justin Trudeau paid members ...

Updated 11 Jul, 2020 03:08am

World

UK, Australian regulators probe facial recognition startup

LONDON: British and Australian privacy watchdogs said on Friday they had launched a joint probe into a US software...