News Archives for Latest - 2020-07-15

Pakistan

Around Rs8bn loans approved under Kamyab Jawan Programme phase I: Usman Dar

He said this during a meeting with Advisor to the Prime Minister on Finance Dr. Abdul Hafeez Sheikh, said a news release issued by Usman Dar’s office.

Published 15 Jul, 2020 11:50pm

Pakistan

CM announces development schemes for DG Khan remote areas

He also announced to launch a water supply scheme to meet the water needs of the area along with setting up a Bank of Punjab branch.

Published 15 Jul, 2020 11:45pm

Pakistan

Buzdar directs to early complete public welfare projects

The CM was told that a cricket stadium was being built in Taunsa Sharif with the amount of Rs. 100 million to promote sports activities.

Published 15 Jul, 2020 11:43pm

Pakistan

IHC adjourns ICA against sugar inquiry commission

He prayed the court to view that whether the formation of commission was in accordance of Inquiry Commission Act 2017.

Published 15 Jul, 2020 11:42pm

Pakistan

Sindh govt allows setting up of cattle markets under strict SOPS, at designated places

He took this decision while presiding over a meeting here at CM House, said a press release issued here.

Published 15 Jul, 2020 11:40pm

WHO 'concerned' about pneumonia cases in Turkmenistan

"We are aware of and concerned of reports of acute respiratory disease or pneumonia," Smallwood said.

Published 15 Jul, 2020 11:38pm

Pakistan

4872 COVID-19 patients cured, 25 died, 1140 infected: Sindh CM

He added that 11060 samples were tested which detected 1140 cases of coronavirus that constituted 10 percent detection rate.

Published 15 Jul, 2020 11:38pm

US ups battle against Huawei as China tensions soar

China shows no sign of backing down on Hong Kong, but the Trump administration has rejoiced in growing success at isolating Huawei, with Britain announcing a ban on the leading Chinese company.

Published 15 Jul, 2020 11:33pm

Pakistan

NEPRA holds hearing in Indicative Generation Capacity Plan 2047

The Authority previously sought comments of the stakeholders and decided to have a public hearing in the subject matter which was held via video link here Wednesday.

Published 15 Jul, 2020 11:35pm

Business & Finance

US industrial output jumps in June, but -42.6pc Q2: Fed

The Federal Reserve will release its "beige book" survey of the national economy as it prepares for its next policy meeting later in the month.

Published 15 Jul, 2020 11:31pm

Trump warns Iran against execution of three over protests

Iran's judiciary said Tuesday that a court had upheld the death sentences for criminal actions during protests last November sparked by a hike in petrol prices.

Published 15 Jul, 2020 11:32pm

Business & Finance

WTO leadership rivals pitch path out of 'existential crisis'

The next WTO director-general will also have to take the helm in the midst of a global economic crisis triggered by the coronavirus pandemic.

Published 15 Jul, 2020 11:28pm

Money & Banking

US economic activity increased, outlook 'highly uncertain': Fed

Businesses began to reopen, and retail sales improved across the country, but there were some new layoffs and employment, too, is far below where it was before COVID-19 struck, the report said.

Published 15 Jul, 2020 11:24pm

Business & Finance

Fiat, PSA pick 'Stellantis' as name for merged company

The tie-up, which was announced at the end of October and is to be finalised early next year, will create the world's fourth-largest automaker.

Published 15 Jul, 2020 11:21pm

Energy

OPEC+ eases record oil cuts as economy recovers from pandemic

Producers set to ease cuts to 8.54 mln bpd from Aug.
New cuts to include compensations by Iraq and others.
Second virus wave could deepen demand hit.
Oil trades above $40/bbl, US output slowly recovering.

Published 15 Jul, 2020 09:03pm

Energy

Oil climbs on US stock draw but gains capped as OPEC+ set to ease cuts

US crude inventories fall 7.5 mln bbls last week-EIA.
OPEC+ set to ease record oil cuts from August.
Moderna Phase 1 results show coronavirus vaccine safe.

Published 15 Jul, 2020 09:02pm

Forex

Rouble slips despite positive trend in emerging markets

Markets were optimistic after Moderna Inc said on Tuesday that its experimental vaccine for COVID-19 was safe and provoked immune responses.
Oil prices rose on Wednesday after EIA data showed a bigger-than-expected draw in US crude inventories.

Published 15 Jul, 2020 08:59pm

World

Pompeo says US to impose visa curbs on Huawei over rights

Pompeo also said telecommunications companies around the world "should consider themselves on notice" that if they do business with Huawei, "they are doing business with human rights abusers."
"Certain Huawei employees provide material support to the CCP regime that commits human rights abuses."

Published 15 Jul, 2020 08:57pm

Exchange

EU and India seek deeper trade ties

The leaders discussed it at our summit today in the context of post-COVID economic recovery priorities on both sides.

Published 15 Jul, 2020 08:56pm

Industry

Vaccine alliance says 75 countries keen to join ‘COVAX’ access facility

The 75 countries, which would finance the vaccines from public budgets, will partner with up to 90 poorer countries supported through voluntary donations to GAVI's COVAX Advance Market Commitment (AMC).
"COVAX is the only truly global solution to the COVID-19 pandemic," Seth Berkley, GAVI's chief executive.

Published 15 Jul, 2020 08:53pm

USA

US COVID-19 epidemic projected to worsen

California, Florida and Texas, the three most populous states in the country, will see one thousand more deaths over the next four weeks.

Published 15 Jul, 2020 08:54pm

Technology

Pompeo says US to have decisions soon on Chinese technology firms, apps

When asked about his recent remarks on the United States looking at banning Chinese social media app Tiktok, Pompeo said: "Whether it is Tiktok or any of the other Chinese communications platforms,
this administration is taking seriously the requirement to protect the American people from having their information end up in the hands of the Chinese Communist Party.

Published 15 Jul, 2020 08:51pm

USA

Trump only wants North Korea summit if real progress possible: Pompeo

Pompeo also told a livestreamed interview with The Hill that the North Koreans had "chosen at this point time not to engage in a way that can lead to a potential solution."
Kim Yo Jong, the sister of North Korea's leader Kim Jong Un, said last week that another summit between him and Trump was unlikely this year.

Published 15 Jul, 2020 08:50pm

Stocks

Banks lift Saudi index; blue-chip sell-off dents Egypt

Nine of 11 Saudi Arabian banks advance.
In Egypt's blue-chip index all shares fall but one.
Bank Dhofar tumbles as H1 profit shrinks.

Published 15 Jul, 2020 08:46pm

Currency

US import prices post biggest gain in more than eight years

Import prices increase 1.4% in June.
Import prices fall 3.8% year-on-year.
Export prices rise 1.4%; down 4.4% year-on-year.

Published 15 Jul, 2020 08:43pm

Industry

Reliance's $15bn stake sale deal with Aramco delayed

Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal (with Saudi Aramco) has not progressed as per the original timeline.
Reliance shares fell more than 6% after Ambani's comment on the Aramco deal. The shares closed down 3.8% at 1,844 rupees each.

Published 15 Jul, 2020 08:40pm

Money & Banking

Russian central bank, ahead of key rate meeting, says soft policy to help boost prices

Last month, the central bank slashed its key rate to an all-time low of 4.5%. With inflation now standing at 3.2% and the economy yet to recover from COVID-19.
Economic activity is recovering gradually, supporting disinflationary pressure on the economy.

Published 15 Jul, 2020 08:38pm

Financial

Yield rise as COVID vaccine hopes boost risk appetite

The market is trading fairly 'risk on' on vaccine hopes," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. "It's largely COVID news driving the price action recently.
Benchmark 10-year notes rose three basis points to 0.648%. They have held in a tight range from 0.569% to 0.784% since mid-June.

Published 15 Jul, 2020 08:33pm

Energy

Oil steady after Saudi minister signals OPEC+ may reduce cuts

Brent hovers above $43/bbl, WTI holds above $40/bbl.
OPEC+ set to ease record oil cuts from Aug.
US crude inventories fall by 8.3 mln bbls last week-API.

Published 15 Jul, 2020 08:31pm

USA

Canada factory sales post a record jump, still well below pre-pandemic levels

Despite the jump, total manufacturing sales in May were 28.4% below their pre-pandemic level in February.
Canada shuttered most non-essential businesses, beginning in mid-March, and ordered people to stay at home but has since been gradually reopening its economy.

Published 15 Jul, 2020 08:28pm

Stocks

Wall Street rises on vaccine hopes, Goldman profit beat

Goldman Sachs jumps as trading revenue doubles.
Energy, industrial, financial stocks lead gains.
Indexes up: Dow 0.99%, S&P 0.81%, Nasdaq 0.47%.

Published 15 Jul, 2020 08:26pm

Technology

EU regulators seek feedback on Google's Fitbit data pledge

Alphabet's Google made the pledge to the European Commission late on Monday to try address concerns that its $2.1 billion takeover of Fitbit might boost its clout in online advertising and search.
This data will not be transferred to a Google account nor be available to Google ads, while Fitbit will be the sole legal data controller.

Published 15 Jul, 2020 08:23pm

Commodities

China buys US corn and soybeans for second day in a row

The deals follow a USDA announcement on Tuesday that China bought 1.762 million tonnes of corn, its biggest single-day US corn purchase, and 129,000 tonnes of soybeans.
Trump on Tuesday ordered an end to Hong Kong's special status under US law to punish China for what he called "oppressive actions" against the former British colony.

Published 15 Jul, 2020 08:21pm

Stocks

Shares in America Movil rise more than 4pc after profits jump

America Movil reported that net profit rose to 20.1 billion pesos ($873.8 million) in the second quarter from 14.9 billion pesos in the same period last year.
Even though costs were lower in the quarter, the coronavirus pandemic took a toll on some aspects of its business.

Published 15 Jul, 2020 08:18pm

Stocks

Latam stocks hit one-month high as vaccine hopes fuel risky bets

MSCI's index for Latin American stocks jumped as much as 3.3%, on track for its best day since early June, while its index for currencies gained 1.7%.
Hopes that a COVID-19 vaccine may be inching closer to reality have fueled a solid rebound in risk appetite today.

Published 15 Jul, 2020 08:16pm

Money & Banking

Bank of Canada holds rate steady, sees economy below pre-COVID-19 levels until 2022

They've made it pretty clear that they're going to keep the pedal to the metal in terms of easy policy until the economy has recovered.
The Canadian dollar held on to earlier gains after the rate decision, trading at about C$1.3570, or 73.69 US cents.

Published 15 Jul, 2020 08:12pm

Stocks

TSX rises on jump in May factory sales

The Canadian dollar strengthened against its US counterpart as investors grew more optimistic about a coronavirus vaccine and domestic data showed a rebound in factory sales.
The energy sector climbed 2.7% as US crude prices were up 0.6% a barrel, while Brent crude added 0.5%.

Published 15 Jul, 2020 08:10pm

Europe

Positive news on Oxford/AstraZeneca COVID-19 vaccine could come Thursday: report

The potential vaccine is already in large-scale Phase III human trials to assess whether it can protect against COVID-19.
More than 100 vaccines are being developed and tested around the world to try to stop the COVID-19 pandemic.

Published 15 Jul, 2020 08:08pm

South Asia

EU's von der Leyen says hopes for ‘ambitious’ free trade pact with India

It needs to include our usual requirements in terms of market access, public procurement and, of course, sustainable development. So there is still a way to go.
Von der Leyen spelled out EU priorities: "Avoiding market access barriers and ensuring fair and transparent competition remains essential. We raised that topic too."

Published 15 Jul, 2020 08:06pm

Industry

Moderna shares jump on data from early coronavirus vaccine trial

Wall Street analysts said data from 45 healthy trial volunteers suggested the vaccine could protect against infection by the virus.
We have already started to make material at risk in preparation for commercial (vaccine) doses. We are moving as quickly and as safely as possible.

Published 15 Jul, 2020 08:01pm

Europe

France to boost domestic production with tax breaks, PM says

Outlining his policy priorities, Castex did not say how the tax relief - long sought by companies - would be financed but said that French taxpayers would not be called on to pay more.
The crisis has confirmed that we must now transform our industry.
"We will ease taxes that weigh on producing in France," Castex added.

Updated 15 Jul, 2020 08:00pm

International airlines make coronavirus test mandatory for Pakistani passengers

The travellers are required to take corona test no earlier than 96 hours before boarding the flight

Published 15 Jul, 2020 07:34pm

South Asia

Indonesia floods death toll rises to 21

Nearly 1,600 people were taking refuge in temporary shelters, the Search and Rescue Agency said.

Published 15 Jul, 2020 07:24pm

Stocks

US stocks jump on vaccine progress, good Goldman earnings

The broad-based S&P 500 climbed 1.1 percent to 3,233.10, while the tech-rich Nasdaq Composite Index advanced 0.9 percent to 10,585.59.

Published 15 Jul, 2020 07:22pm

USA

US industrial output jumps 5.4pc in June, -42.6pc Q2: Fed

Manufacturing surged 7.2 percent last month, while production of motor vehicles and parts remained nearly 25 percent below its February level.

Published 15 Jul, 2020 07:20pm

Sports

Qatar World Cup to start at Al Bayt Stadium as schedule announced

The opening match will begin a group stage that will feature four matches a day for 12 days, spread over eight stadiums around Qatar.

Published 15 Jul, 2020 07:14pm

Sports

Zidane urges Madrid to finish the job with title in their grasp

Madrid could even afford to lose to Villarreal if they beat Leganes on Sunday but Zidane is wary of complacency.

Published 15 Jul, 2020 07:11pm

Sports

Kane says winning is 'everything' to Spurs boss Mourinho

Victory over Arsenal on Sunday kept Spurs, in eighth place, in the hunt for a Europa League place.

Published 15 Jul, 2020 07:08pm

Industry

Delta Air to take up to $3bn charge on voluntary retirement plans

Delta, like other large US airlines, has been encouraging workers to leave voluntarily before a government ban on forced job cuts expires on Sept. 30.
The company, which had more than 91,000 employees in 2019, said on Tuesday that about 17,000 of them opted for buyouts.

Published 15 Jul, 2020 06:39pm

Financial

Italian bond yields touch lowest since March in ECB, EU summit countdown

Risk appetite grew after US researchers reported on Tuesday that an experimental vaccine for COVID-19 was safe and provoked immune responses.
Euro zone bond investors were expected to remain cautious before Thursday's ECB meeting and the EU summit beginning on Friday.

Published 15 Jul, 2020 06:36pm

Industry

Blow for EU as Apple wins fight against $15bn tax order

European Commission's 2016 ruling vs Apple overturned.
Court says Ireland did not give Apple unfair aid.
Ireland welcomes decision despite its strained finances.

Published 15 Jul, 2020 06:34pm

Technology

India's Infosys beats profit estimates on large deal wins

Infosys signed $1.74 billion worth of large deals in the three months to June 30, it said in a statement. That was higher than the $1.65 billion in the preceding quarter.
Bengaluru-based Infosys' larger rival, Tata Consultancy Services, missed quarterly profit estimates, while Wipro Ltd reported stronger-than-expected earnings.

Published 15 Jul, 2020 06:12pm

Companies

Struggling Nissan launches electric car for 'new era'

Nissan aims to roll out the new model in Europe, the United States and China towards the end of 2021, the firm said in a statement.

Published 15 Jul, 2020 06:15pm

Europe

Swedish PM wants quick deal on EU recovery fund

EU leaders are holding a two-day summit beginning Friday, and Lofven said Sweden aims to get a deal done.

Published 15 Jul, 2020 06:12pm

Industry

Tata Steel's sale of building systems unit stalls

Tata Steel late last year hired French investment bank Credit Agricole to help find a buyer for the business operating in Britain.
Like any company, we continue to review our portfolio of businesses to ensure they are sustainable over the longer term.

Published 15 Jul, 2020 06:10pm

Money & Banking

PNC Financial profit more than doubles on BlackRock stake sale gain

The lender sold its stake in BlackRock in May that put an end to longstanding questions about when it would sell the lucrative position.
Banks have been building up their reserves to cover defaults from consumers and companies as the COVID-19 pandemic ravaged the US economy.

Published 15 Jul, 2020 06:06pm

Industry

Google backs Reliance's Jio Platforms with $4.5bn India investment

Reliance, India's most highly-valued company run by billionaire Mukesh Ambani, has now sold nearly 33% of Jio Platforms which houses music, movie apps.
As we end our current cycle of capital raising, we are delighted to welcome another strategic partner into Jio.

Published 15 Jul, 2020 06:03pm

Industry

Indonesia produces maiden batch of biodiesel made of 100pc palm

This trial shows that our refinery and catalysts are ready. Next, we have to think how to make the economic side work too.
The world's largest palm oil producer - the bio portion of biodiesel is made with fatty acid methyl esters (FAME) from palm oil.

Published 15 Jul, 2020 06:00pm

Technology

Apple wins EU court battle in 13-bn-euro tax case

The EU in 2016 accused Ireland of allowing Apple to park revenue earned in Europe, Africa, the Middle East and India and sparing it almost any taxation.

Published 15 Jul, 2020 05:56pm

Navistar to develop self-driving trucks with TuSimple

Self-driving technology for freight trucks has attracted investor attention as it should be easier and cheaper to roll out than in self-driving cars and robotaxis.
The truck maker chose TuSimple because its software was more developed than its competitors' and because of its relations with customers.

Published 15 Jul, 2020 05:54pm

Middle East

Iran says 140 health workers died from virus

Lari said the country had recorded 13,410 deaths overall, with 199 in the past 24 hours.

Published 15 Jul, 2020 05:54pm

Energy

Total seeks buyers for stake in North Sea gas pipeline

The sale could raise about $200 million, one of the sources said.
The SEAL pipeline, operated by Royal Dutch Shell, transports natural as from the Shearwater and Elgin Franklin platforms to the Bacton Gas Terminal on the Norfolk coast.

Published 15 Jul, 2020 05:53pm

Africa

US says Russia group laid mines around Tripoli

The US has repeatedly accused Russia of introducing military weaponry, including at least 14 MIG-29 fighter jets.

Published 15 Jul, 2020 05:52pm

Africa

Zambia's economy to shrink 4.2pc in 2020

Sectors including mining, energy, construction, manufacturing, tourism, trade and transport were all expected to record poor performances due to COVID-19, Ng'andu said.
Before the outbreak of the coronavirus pandemic, Zambia had estimated a growth of at least 3% this year, Ng'andu said.

Published 15 Jul, 2020 05:51pm

Money & Banking

Goldman profit blows past estimates on trading surge

The bank's shares jumped nearly 4% in premarket trading as it posted a 93% surge in revenue in its global markets unit.
Investment banking revenue, which includes underwriting, jumped 36% to $2.66 billion. Overall revenue jumped 41% to $13.30 billion.

Published 15 Jul, 2020 05:48pm

Currency

Goldman Sachs profits top estimates, shares jump

Goldman set aside $1.6 billion for bad wholesale and consumer loans in the wake of the downturn due to COVID-19.

Published 15 Jul, 2020 05:48pm

Commodities

Raw sugar recovers from six-week low as oil prices rise

October raw sugar was up 0.2 cents, or 2%, to 11.55 cents per lb at 1151 GMT, after sliding to a low of 11.27 cents on Tuesday.
September New York cocoa rose $11, or 0.5%, to $2,166 a tonne.

Published 15 Jul, 2020 05:46pm

Technology

Google to buy $4.5bn stake in digital unit of India's Reliance

The two firms will also develop an Android-based smartphone operating system, Ambani said.
Ambani said that India is at the doorstep of (the) 5G era.

Published 15 Jul, 2020 05:46pm

World

Trump on UK's Huawei ban: 'I did this myself'

UK is a relatively small place, China says.
Investment in UK will suffer, China says.
Trump says: I am responsible for UK ban.

Published 15 Jul, 2020 05:44pm

Middle East

Air strikes kill civilians in Yemen's al-Jawf province

Violence has picked up since the expiry in late May of a temporary ceasefire prompted by the coronavirus pandemic,
Earlier this week the Houthis targeted Saudi border cities with missiles and drones in what they called a response to air strikes that killed 10 civilians in the Hajjah region.

Published 15 Jul, 2020 05:40pm

Money & Banking

SBP issues mandatory Targets for Housing and Construction Finance

The central bank pointed out that in Pakistan, bank financing for mortgages and housing construction is less than one percent of GDP which is one of the lowest in the region.
SBP said that banks have remained reluctant over the years to extend mortgage financing for various reasons.

Published 15 Jul, 2020 05:27pm

Industry

Eskom cannot say how long latest power cuts will last

Eskom implemented planned power outages for the first time since March on July 10, ending a period of unusually stable power supply thanks to reduced demand during a coronavirus lockdown.
The reality is we don't know which of the coal units are going to fail on any given day, that is true for both the old and the new units.

Published 15 Jul, 2020 05:38pm

Stocks

Vaccine hopes give stocks, euro and oil shot in the arm

Stocks helped by vaccine hopes as US-Sino tensions simmer.
Euro at four-month high ahead of recovery fund meeting.
Oil climbs before OPEC meeting.

Published 15 Jul, 2020 05:36pm

Energy

US natgas futures flat as rising output offsets higher cooling demand

Looking ahead, futures for the balance of 2020 and calendar 2021 were trading 26% and 51%, respectively.
Refinitiv forecast US demand, including exports, will rise from 90.8 bcfd this week to 93.6 bcfd next week.

Published 15 Jul, 2020 05:35pm

Commodities

Soybean stay firm on US crop risks, Chinese demand

Soy, corn crop ratings fall keeps attention harvest risks.
China purchase of soybeans, corn also underpins prices.
Wheat steady on northern hemisphere harvest doubts.

Published 15 Jul, 2020 05:33pm

Europe

Belarus leader criticises West after protests over election bans

President Lukashanko is seeking re-election on Aug. 9.
His two main rivals have been barred from running.
Their exclusion on Tuesday sparked protests.

Published 15 Jul, 2020 05:24pm

Pakistanis join protests against Armenia as Pakistan condemns attack on Azerbaijan

Foreign Ministry says the unresolved conflict of Nagorno-Karabakh poses a serious threat to regional peace and security with far-reaching consequences

Published 15 Jul, 2020 05:10pm

Sports

Rashford to receive University of Manchester honorary doctorate

22-year-old will join club greats Alex Ferguson and Bobby Charlton in receiving the honorary doctorate.

Updated 15 Jul, 2020 04:35pm

Nishtar Medical University VC Dr Pasha dies of coronavirus

Prime Minister Imran Khan also extended his condolences to the families of Dr Pasha

Published 15 Jul, 2020 04:13pm

Life & Style

Hadiqa Kiani is back with another track to pay tribute to Kashmiri and Turkish martyrs

Daimi Bahar is a tribute to those fallen in Kashmir Martyrs' Day and the failed coup attempt in Turkey.

Updated 15 Jul, 2020 04:24pm

Sindh reports 1140 new cases, 25 deaths

736 patients are in critical condition in the province.

Updated 15 Jul, 2020 04:20pm

Pakistan

Over Rs150bn distributed so far under Ehsaas Emergency Cash Program

The statement said that Rs69.68 billion was distributed among more than 57.58 million people in Punjab and Rs7.73 billion was distributed among more than 636,000 people in Balochistan.

Published 15 Jul, 2020 03:18pm

Pakistan

Sindh CM allows cattle markets to operate

He said government will issue SOPS.

Updated 15 Jul, 2020 03:17pm

Sports

England series will be final test for Babar: Mudarrar Nazar

The three-match Test series is scheduled to start from August 5, with all eyes are on Babar, who had been in rich form prior to COVID-19 suspension scoring four tons in last five Tests.

Updated 15 Jul, 2020 03:14pm

Diamer-Bhasha Dam will generate low-cost hydel power in country: PM

Imran says Pakistan has huge potential for hydel power, which needs to be tapped

Published 15 Jul, 2020 02:56pm

Sports

Raja wants Pakistan to test Imam at third spot

He termed that it would be crucial for the team to see off the new ball without losing wickets.

Updated 15 Jul, 2020 02:34pm

Pakistan

Govt has added 1,825 oxygenated beds to hospitals across Pakistan: Asad Umar

The government had decided to add 2000 beds across Pakistan.

Updated 15 Jul, 2020 02:10pm

Business & Finance

Diamer Bhasha commencement of construction a ‘historic milestone’, says Bajwa

The construction would also boost sectors including steel, cement, and construction sectors creating over 16,000 jobs as well.

Updated 15 Jul, 2020 01:53pm

Business & Finance

Pakistan resumes Afghanistan exports to India through Wagah

The Foreign Office (FO) on Monday said that Pakistan has decided to resume exports through the border on special request from the Government of Afghanistan.

Published 15 Jul, 2020 01:47pm

Sports

Babar makes day of an eight-year-old fan via video call

Samiya rose to prominence earlier this year when a video of her batting practice went viral on the social media.

Published 15 Jul, 2020 01:45pm

Sports

Australia's T20 Big Bash League announces full schedule

Cricket Australia acknowledged that the schedule could be affected by the Covid-19 pandemic.

Published 15 Jul, 2020 01:26pm

World

Mexico reports 7,051 new cases of coronavirus, 836 more deaths

The government has said the real number of infected people is likely significantly higher than the confirmed cases.

Published 15 Jul, 2020 01:13pm

Business & Finance

Hafeez Sheikh to chair ECC meeting today

Policy guidelines for the provision of satellite services in the country will be considered.

Published 15 Jul, 2020 12:16pm

Technology

Tesla secures tax breaks for cybertruck factory in Texas

A majority of commissioners in Travis County voted in favor of providing the electric carmaker with a tax rebate worth at least $14.7 million.

Published 15 Jul, 2020 12:00pm

Industry

Dairy association calls for revival of zero rated sales tax regime

*The body was of the view that no initiatives were taken to revive the dairy sector of Pakistan despite submitting three proposals to the government.

Updated 15 Jul, 2020 11:56am

Pakistan

Sindh to issue smart cards instead of vehicle registration books

The provincial minister for excise and taxation said that the smart card would contain all the tax records of the vehicle owner and the vehicle, security features of the vehicles and number plates would also be prepared.

Published 15 Jul, 2020 11:52am

Commodities

Oil climbs after sharp drop in U.S. crude stocks; OPEC committee meeting in focus

Brent crude futures were up 19 cents, or 0.4%, at $43.09 a barrel as of 0343 GMT, and U.S. West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.4%, to $40.46 a barrel.

Published 15 Jul, 2020 10:26am

Forex

Euro hits four-month high vs dollar on stimulus, recovery hopes

The dollar was on the defensive, particularly against other growth-leveraged currencies such as the Australian dollar, following an uptick in U.S. inflation and news of progress in vaccine development for COVID-19.

Published 15 Jul, 2020 10:15am

Stocks

Asian markets, risk assets ride up on vaccine hopes

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.2%, edging closer to a recent five-month peak.

Published 15 Jul, 2020 10:10am

Companies

Calvin Klein owner PVH to cut 450 jobs in North America, shut 162 outlets

The Tommy Hilfiger and Calvin Klein owner said the layoffs, affecting 12% of its office workforce, would impact three brands and save about $80 million annually.

Published 15 Jul, 2020 10:08am

Technology

Crunch time for Apple in fight against $15 billion EU tax order

In its order four years ago, the European Commission said Apple benefited from illegal state aid via two Irish tax rulings that artificially reduced its tax burden for over two decades - to as low as 0.005% in 2014.

Published 15 Jul, 2020 10:04am

Currency

Power sector reform: form over substance?

Energy is the biggest economic mess this government has inherited and fixing it is imperative for economy to move on...

Published 15 Jul, 2020 08:11am

Currency

The lockdown surprise

June 2020 brought in record monthly home remittance in the country – up by 51 percent year-on-year to $2.47...

Published 15 Jul, 2020 08:10am

BR Research

Wheat prices: temporary respite?

National wheat prices appear to have finally plateaued. For the week ending 09-July, 10kg wheat bag price as tracked...

Published 15 Jul, 2020 08:09am

BR Research

Behind Google’s billions

It has been a while that tech giants maxed out growth prospects in the so-called global north and started looking...

Published 15 Jul, 2020 08:08am

Currency

Blessed Textiles Limited

Blessed Textiles Limited (PSX: BTL) was established as a public limited company. It is part of the larger Umer Group...

Published 15 Jul, 2020 08:06am

Pakistan

MCC Quetta foils bid to smuggle hashish

KARACHI: Model Customs Collectorate (MCC), Quetta on Tuesday foiled an attempt to smuggle huge quantity of hashish ...

Updated 15 Jul, 2020 03:29am

Pakistan

JI MPA serves Rs 100 million defamation notice on LMC official

KARACHI: Provincial Jamaat-e-Islami (JI) lawmaker and Chairman Standing Committee on Works and Services Syed Abdul...

Updated 15 Jul, 2020 03:28am

Pakistan

Cattle markets: Mayor urges people to take preventive measures

KARACHI: Mayor Karachi Wasim Akhtar on Tuesday asked the citizens to adopt all preventive measures while visiting...

Updated 15 Jul, 2020 03:27am

Pakistan

NDMA to give 14 ventilators, 64 beds and 25 oxygen tanks to Balochistan

QUETTA: Chairman National Disaster Management Authority (NDMA) Lieutenant General Mohammad Afzal on Tuesday said ...

Updated 15 Jul, 2020 03:27am

Pakistan

Buzdar for fast completion of Nishtar-II project

MULTAN: Punjab Chief Minister Sardar Usman Buzdar Tuesday inspected the Nishtar-II project and directed to expedite...

Updated 15 Jul, 2020 03:27am

Pakistan

Archroma begins production of hand sanitizers

ISLAMABAD: As part of its active engagement in the fight against Covid-19, Archroma, a global leader in colour and...

Updated 15 Jul, 2020 03:26am

Trump ends Hong Kong trade preferences, backs banking sanctions

In a news conference driven by criticism of his domestic rivals, Trump declared himself to be tougher than ever on China including over its treatment of the financial capital.

Published 15 Jul, 2020 03:23am

Pakistan

Cattle markets: Over 1,000 cops to be deployed

LAHORE: The city police have decided to depute over 1,000 police officials for the security of 12 designated cattle...

Updated 15 Jul, 2020 03:25am

Pakistan

Marriage halls: Owners postpone protest after minister's assurance

LAHORE: Owners of marriage halls across Punjab have postponed their protest after the Punjab government announced to...

Updated 15 Jul, 2020 03:25am

Pakistan

PIA plane crash: Some 181 belongings delivered to family members

KARACHI: Some 181 belongings of the victims of PIA's PK-8303 crash have been delivered to the bereaved family...

Updated 15 Jul, 2020 03:24am

World

Trump says he is not interested in talking to China about Phase 2 deal

"I'm not interested right now in talking to China," Trump replied when asked in an interview with CBS News whether Phase 2 trade talks were dead.

Published 15 Jul, 2020 03:22am

Pakistan

Marriage hall opening: Sindh to take decision as per centre's guidelines: minister

KARACHI: Sindh Minister for Information and Local Government Syed Nasir Hussain Shah on Tuesday said the provincial...

Updated 15 Jul, 2020 03:22am

Stocks

Tech sell-off weighs on European stocks

FRANKFURT: European stocks were hit by a selloff in technology shares on Tuesday, as US peers slumped on fears of ...

Updated 15 Jul, 2020 03:20am

Stocks

Nikkei drops on profit-taking

TOKYO: Japanese shares ended lower on Tuesday as investors booked profits after a sharp gain in the previous ...

Updated 15 Jul, 2020 03:20am

Stocks

Most ME stocks retreat on downbeat IMF forecasts

DUBAI: Most Middle Eastern stock markets ended lower on Tuesday, with Kuwait hardest hit, after the International...

Updated 15 Jul, 2020 03:20am

Energy

Asia's naphtha cracks hit fresh two-week low

SINGAPORE: Asia's naphtha crack hit a fresh two-week low of $75.73 a tonne on Tuesday, with gasoline crack also...

Updated 15 Jul, 2020 03:20am

Energy

Hydro resources: About 89 percent of possible power production yet to be harnessed

LAHORE: About 89 percent of the electricity production potential from hydro resources is yet to be harnessed as the...

Updated 15 Jul, 2020 03:20am

Energy

Oil rises slightly as OPEC+ complies with production cuts

NEW YORK: Oil prices rose slightly on Tuesday as OPEC and its allies cut production by more than agreed to in June,...

Updated 15 Jul, 2020 03:20am

Commodities

Palm oil hits four-month high

KUALA LUMPUR: Malaysian palm oil futures surged 3% to touch a four-month high on Tuesday on expectations of ...

Updated 15 Jul, 2020 03:20am

Commodities

Rubber falls

TOKYO: Tokyo Commodity Exchange (TOCOM) rubber futures fell on Tuesday on concerns that growing US-China tensions ...

Updated 15 Jul, 2020 03:20am

Commodities

Copper pulls back from two-year peak

LONDON: Copper prices slipped on Tuesday after a steep rally on worries about rising coronavirus cases and friction...

Updated 15 Jul, 2020 03:20am

Mutual Funds

Soneri Bank, HBL sign strategic partnership

KARACHI: Soneri Bank Limited and HBL Asset Management Limited have signed a landmark agreement for distributing...

Updated 15 Jul, 2020 03:18am

Money & Banking

EFU Life, HabibMetro Bank collaborate to offer Covid-19 cover

KARACHI: HabibMetro Bank and EFU Life strengthened their partnership by taking the initiative to launch "COVID - 19...

Updated 15 Jul, 2020 03:18am

Money & Banking

SBP extends relaxations for branchless banking operations

KARACHI: The State Bank of Pakistan (SBP) has extended relaxations for branchless banking operations and regulations...

Updated 15 Jul, 2020 03:17am

Business & Finance

UK economy slumps almost 20 percent in lockdown

LONDON: Britain's coronavirus-ravaged economy slumped almost one-fifth during the country's lockdown and remained ...

Updated 15 Jul, 2020 03:16am

Exchange

Proposal to relocate FPCCI head office condemned

KARACHI: Korangi Association of Trade and Industry (KATI), Patron-in-Chief S M Muneer, President Sheikh Umer Rehan,...

Updated 15 Jul, 2020 03:16am

Business & Finance

Teli seeks members' support to shift FPCCI head office

KARACHI: Businessmen Group (BMG) chairman and former president Karachi Chamber of Commerce & Industry (KCCI)...

Updated 15 Jul, 2020 03:16am

Industry

TCL Pakistan launches expanded range of QLED TVs

LAHORE: TCL, Pakistan's No. 1 LED TV brand launched a new and extended line of 2020 QLED TVs to expand its...

Updated 15 Jul, 2020 03:15am

Industry

PDA chief says dairy sector has potential to employ 60 million people

LAHORE: The dairy sector has the potential to employ 60 million people. With the growth of this sector, the...

Updated 15 Jul, 2020 03:15am

Industry

LCCI, taxation department to maximize cooperation

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and Excise and Taxation Department on Tuesday agreed to...

Updated 15 Jul, 2020 03:15am

Business & Finance

Singapore plunges into recession

SINGAPORE: Singapore's economy shrank more than 40 percent in the second quarter as the coronavirus plunged the...

Updated 15 Jul, 2020 03:13am

Business & Finance

Chinese trade sees surprise bounce

BEIJING: Chinese trade enjoyed surprise growth in June as the world slowly emerges from economy-strangling ...

Updated 15 Jul, 2020 03:12am

Business & Finance

SECP provides relief to 2.24 million NBMFCs borrowers

ISLAMABAD: As reported on June 30, 2020, the Non-bank Microfinance Companies (NBMFCs) have reschedule loans of worth...

Updated 15 Jul, 2020 03:12am

Life & Style

Aaj TV - Wednesday'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 15 Jul, 2020 03:11am

Pakistan

Illegal lifting of Reti, Bajri: SHC issues notices to secretaries, others

KARACHI: Sindh High Court (SHC) Tuesday issued notices to Sindh Secretaries of Mines & Mineral Development, Home...

Updated 15 Jul, 2020 03:11am

Pakistan

LHC requested to ban TikTok

LAHORE: A citizen has approached the Lahore High Court with prayer to ban a famous mobile phone video application,...

Updated 15 Jul, 2020 03:10am

Pakistan

Qureshi discharged from hospital after recovery

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi said on Tuesday that he has been discharged from a hospital after...

Updated 15 Jul, 2020 03:10am

World

Hagia Sophia will open outside prayer time, says Turkey

ISTANBUL: Turkey's Hagia Sophia could open to visitors outside prayer times and its Christian icons will remain,...

Updated 15 Jul, 2020 03:09am

Cotton

US calls China the new East India Company at sea

WASHINGTON: A senior US official on Tuesday likened China's state enterprises to Britain's colonizing East India...

Updated 15 Jul, 2020 03:09am

Pakistan

Services to CDA: Withdrawal of FIR recommended

ISLAMABAD: A panel headed by Prime Minister Advisor on Institutional Reforms and Austerity (IRA) Dr. Ishrat Hussain...

Updated 15 Jul, 2020 03:07am

Asia

Flash floods kill 15 in Indonesia, dozens missing

MAKASSAR: At least 15 people were killed and dozens missing after flash floods left hundreds of houses buried in mud...

Updated 15 Jul, 2020 03:07am

Europe

Macron wants face masks mandatory indoors

PARIS: French President Emmanuel Macron said Tuesday that face masks could soon be required in public indoor spaces...

Updated 15 Jul, 2020 03:07am

Pakistan

PPPP leader criticises PM over governing policies

ISLAMABAD: Central Information Secretary Pakistan Peoples' Party Parliamentarians (PPPP) Senator Moula Bux Chandio...

Updated 15 Jul, 2020 03:07am

US executes first prisoner in 17 years

WASHINGTON: The US government on Tuesday carried out its first execution in 17 years, putting to death convicted...

Updated 15 Jul, 2020 03:06am

Park Lane Reference: Zardari requests AC to acquit him before his indictment

ISLAMABAD: Former President Asif Ali Zardari Tuesday requested the Accountability Court to acquit him in the Park...

Updated 15 Jul, 2020 03:05am

Hike in prices: Gas utilities plea rejected by Ogra

ISLAMABAD: A demand of gas utilities to increase gas prices has been rejected by the Oil and Gas Regulatory ...

Updated 15 Jul, 2020 03:05am

Mandir construction case: IHC directs petitioner to assist court

ISLAMABAD: Islamabad High Court (IHC) Tuesday directed the petitioner to assist the court about Islamic as well as...

Updated 15 Jul, 2020 03:03am

Exchange

US-Taliban deal enters 'next phase'

KABUL: The United States said its landmark deal with the Taliban has entered the "next phase" while urging the...