News Archives for Latest - 2020-07-21

World

Trump threatens defense bill veto over Confederate names, Afghan policy

The sweeping $740 billion NDAA sets policy for the Department of Defense. It has passed for 59 straight years.
Trump had already vowed to veto the NDAA over a provision requiring the military to rename bases named for Confederate military leaders.

Updated 22 Jul, 2020 12:20am

Kerb

Facebook places label on Trump's post about mail-in voting

"Mail-In Voting, unless changed by the courts, will lead to the most CORRUPT ELECTION in our Nation's History! #RIGGEDELECTION," Trump wrote.
The Facebook label, which does not dispute Trump's claim, redirects users to details from a US government website on how to vote in the 2020 elections.

Published 21 Jul, 2020 11:20pm

Commodities

Copper gains on EU stimulus deal and coronavirus vaccine hopes

Three-month copper on the London Metal Exchange rose 0.8% to $6,541 a tonne by 1617 GMT on Tuesday.
Three-month copper on the London Metal Exchange rose 0.8% to $6,541 a tonne by 1617 GMT on Tuesday, close to the 25-month high of $6,633 on July 13.

Published 21 Jul, 2020 11:15pm

Commodities

Paris wheat ticks up after falls, follows US markets higher

The export-punishing rise of the euro to 4-1/2 month highs after European Union countries struck a deal on a massive stimulus plan was capping gains.
There is not enough news on the harvest to justify a massive fall so we are following the US market in the meantime.

Published 21 Jul, 2020 11:11pm

Industry

Dutch government raises 1.23bn euros at first 5G auction

In separate statements, KPN, the former national telecoms operator in the Netherlands, said it had paid 416 million euros in the auction.
The rollout of 5G in the Netherlands has proceeded more slowly than in some neighbouring European countries.

Published 21 Jul, 2020 11:07pm

Forex

South Africa's rand rallies as EU stimulus deal boosts risk demand

The EU deal was hailed as an important signal of unity by Europe's leaders and a foundation for economic recovery.
South Africa's rand has recently been underpinned by a hunt for yield which has outweighed investors' concerns about domestic economic fundamentals.

Published 21 Jul, 2020 11:03pm

Exchange

US lawmaker urges Trump administration to seek tougher rules for Chinese companies

The group includes Treasury Secretary Steven Mnuchin and Securities and Exchange Commission Chairman Jay Clayton.
The Treasury, the SEC, the Commodity Futures Trading Commission and the Federal Reserve, which received copies of the letter.

Published 21 Jul, 2020 11:00pm

Forex

Euro hits 1-1/2 year high vs dollar after EU virus deal

EU deal cheered, although largely priced in.
Analysts say dollar set to struggle for now.
Commodity currencies soar as risk sentiment improves.

Published 21 Jul, 2020 10:55pm

South Asia

China agrees to ‘intensive’ WTO talks on fisheries

The WTO's 164 members are set to start "continuous negotiations" in September based on a draft text with a view to getting a deal by December.
China, the European Union, the United States, South Korea and Japan are the top five subsidisers - with Beijing and Washington at odds over details over this issue.

Published 21 Jul, 2020 10:53pm

Business & Finance

Pakistani rival of Google Maps plans IPO

TPL Trakker Ltd has been one of the industry leaders in the GPS tracker industry in Pakistan. They’re in the...

Updated 21 Jul, 2020 10:54pm

Commodities

Soybeans slide on improved US crop conditions

USDA surprises with improved soybean crop rating.
USDA reports corn condition better than forecast.
Wheat gains on weaker US currency.

Published 21 Jul, 2020 10:51pm

Industry

Aegean Airlines says flight operations 40pc restored, expects loss in Q2

Aegean, a member of the Star Alliance airline group, more than doubled its loss in the first quarter compared to the same period a year earlier.
The airline has taken delivery of five new Airbus 320neo jets and two more are expected in the coming months.

Published 21 Jul, 2020 10:48pm

Stocks

S&P 500, Dow rise after positive earnings, stimulus bets

Energy stocks set for biggest gain in nearly 7 weeks.
IBM rises on quarterly profit beat.
Coca-Cola up after signaling demand recovery.
Dow up 1.13%, S&P rises 0.50%, Nasdaq down 0.49%.

Published 21 Jul, 2020 10:46pm

Commodities

Egypt's GASC buys 115,000 tonnes of Ukrainian wheat in tender

GASC was seeking an unspecified quantity of wheat for Aug. 21-31 shipment period.
Cofco 60,000 Ukrainian wheat at $208.98 and $15.50 freight equating to $224.48 from Ochakov port in Ukraine

Published 21 Jul, 2020 10:45pm

Industry

Boeing 737 MAX not expected to fly before October, FAA preparing directive

The crisis has cost Boeing more than $18 billion, slashed production and hobbled its supply chain, with criminal and congressional investigations still ongoing.
the FAA said it had completed three days of certification test flights on the 737 MAX's automated flight control system.

Published 21 Jul, 2020 10:42pm

USA

Trump orders voting districts to exclude people in US illegally

Including these illegal aliens in the population of the State for the purpose of apportionment could result in the allocation of two or three more congressional seats than would otherwise be allocated.
Proponents of citizens-only voting districts argue each vote should carry the same weight. If one district has far fewer eligible voters than another.

Published 21 Jul, 2020 10:41pm

Eid ul Azha on August 1

A notification issued by the ministry quoting central Ruet e Hilal Committee's decision, says that Zul Hajj, the last month of Islamic calendar will commence from Thursday, July 23, 2020.

Updated 21 Jul, 2020 09:34pm

Pakistan

Buzdar prays for good health of Saudi King

The Chief Minister telephonically contacted the ambassador of Saudi Arabia and expressed good wishes for the Saudi King, stated a handout issued here.

Published 21 Jul, 2020 08:31pm

Pakistan

Shahzad directs within 24 hours recovery of Matiullah

The abduction of Matiullah Jan is unacceptable. I've instructed IGP Islamabad for immediate action for retrieval and registration of First Information Report (FIR).

Published 21 Jul, 2020 08:17pm

Pakistan

COVID-19 positive cases reach 266,095 across country: NCOC

He said that total 5,639 deaths had been reported from the disease with 40 reported during last 24 hours.

Published 21 Jul, 2020 08:15pm

Pakistan

CM condoles loss of lives in different incidents

He also directed the authorities concerned to provide best treatment facilities to the injured and asked the administration to supervise the rescue operations.

Published 21 Jul, 2020 08:14pm

Federal Cabinet defers proposal to enhance PTV fee

He said that the state-run TV was facing problems in payment of pension to its 3000 pensioners.

Published 21 Jul, 2020 08:13pm

Pakistan

NA observes one-minute silence to pay tribute to Sister Ruth for social services

The deputy speaker ruled to observe the one-minute silence to pay tribute to the renowned social activist for her welfare work.

Published 21 Jul, 2020 07:53pm

Sports

Root hails 'Mr Incredible' Stokes after Manchester masterclass

Stokes’ match haul of 254 runs and three wickets fashioned England’s series-levelling victory against West Indies.

Updated 21 Jul, 2020 08:03pm

Pakistan

2,968 shops, 50 industries sealed over virus SOPs violation

This was disclosed by Deputy Commissioner Muhammad Ali in a meeting at Commissioner's Office to review the matter relating to anti-corona measures.

Published 21 Jul, 2020 07:51pm

Stocks

US stocks open higher on EU stimulus deal, earnings

EU leaders emerged from a marathon four-day and four-night summit with a 750 billion euro ($858 billion) deal to boost economies shattered by the coronavirus epidemic.

Published 21 Jul, 2020 07:48pm

Pakistan

IHC directs to ensure recovery of senor journalist

The court also directed the respondents to appear in person if they failed to recover Matiullah Jan.

Published 21 Jul, 2020 07:46pm

Pakistan

NEPRA decides to issue show cause notice to K-Electric

The Authority decided to proceed further In the light of findings of the Investigation Committee, said a press release issued here Tuesday.

Published 21 Jul, 2020 07:43pm

Exchange

SC adjourns coronavirus suo moto notice case for two weeks

He asked why not initiate contempt of court action against NDMA as court orders were ridiculed.

Updated 21 Jul, 2020 07:45pm

Stocks

Hong Kong stocks close with big gains

The Hang Seng Index rose 2.31 percent, or 577.67 points, to 25,635.66.

Published 21 Jul, 2020 07:31pm

ECB's Lagarde lauds EU for 'stepping up' with recovery plan

After four days and four nights of wrangling, European Union leaders sealed the deal on a 750-billion-euro ($858 billion) rescue package that will consist of loans and grants for the hardest-hit member states.

Published 21 Jul, 2020 07:29pm

Money & Banking

Bad loan provisions weigh on UBS earnings

Net profit slid by 11 percent from the April-June period last year to $1.2 billion (1.1 billion euros), while operating profits nudged 2 percent lower to $7.4 billion.

Published 21 Jul, 2020 07:28pm

Middle East

Iraqi PM arrives in Tehran in first trip abroad

Kadhemi, who was greeted by officials at Mehrabad airport, is expected to meet President Hassan Rouhani and supreme leader Ayatollah Ali Khamenei, among other senior officials.

Published 21 Jul, 2020 07:23pm

Europe

Armed man takes 'around 20' hostages on bus in Ukraine

The head of the local police service said shots were heard at the scene but no injuries have been reported so far.

Published 21 Jul, 2020 07:21pm

World

Afghan girl kills two Taliban fighters after parents murdered

The fighters were looking for her father, the village chief, local police head Habiburahman Malekzada told AFP.

Published 21 Jul, 2020 07:17pm

Pakistan

Gold price jump Rs2250 to Rs113,500 per tola

The price of 10 gram gold also witnessed increase of Rs. 1929 and was trade at Rs. 97,308 against its sale at Rs. 95,379.

Updated 21 Jul, 2020 07:19pm

Industry

Volvo forecasts 'strong second-half recovery'

The company nonetheless posted a first half net loss of 1.17 billion kroner (114 million euros, $130 million), compared with a net profit of 3.4 billion kroner for the same period a year earlier.

Published 21 Jul, 2020 07:12pm

Pakistan

President stresses upon secrecy, transparency in I-voting process

He further said that the system should be efficient, possessing the technical capacity to cater the large number of overseas voters on poll-day.

Published 21 Jul, 2020 07:11pm

Exchange

Rupee down 97 paisas against US dollar

The State Bank of Pakistan reported that in interbank, the price of Euro depreciated by 76 paisas to close at Rs. 192.14 against the last day’s trading of Rs. 192.90.

Published 21 Jul, 2020 07:10pm

Europe

Dutch far-right slams 'weak kneed' Rutte over EU deal

Wilders, the peroxide-haired head of the Freedom Party (PVV), said the deal agreed in Brussels, was "madness."

Published 21 Jul, 2020 07:09pm

World

Iran reports record daily toll of 229 coronavirus deaths

"Sadly, we lost 229 of our compatriots to the COVID-19 infection in the past 24 hours," health ministry spokeswoman Sima Sadat Lari said.

Published 21 Jul, 2020 07:05pm

Asia

Malaysia urged to halt 'barbaric' caning of Rohingya

But since the start of the coronavirus pandemic, Malaysia and other Southeast Asian countries which traditionally allowed Rohingya boats to land have been blocking them over fears the migrants could be infected.

Published 21 Jul, 2020 07:03pm

EU recovery deal will see growth return in 2021: Altmaier

Speaking at a press conference in Berlin, Altmaier called the deal "good news for millions of people in Germany and across Europe.

Published 21 Jul, 2020 06:59pm

World

EU agrees landmark 750-bn-euro virus 'Marshall Plan'

"These were of course, difficult negotiations in very difficult times for all Europeans," said EU Council Chief Charles Michel, whose job was to guide the tortuous talks over more than 90 hours.

Published 21 Jul, 2020 06:56pm

Pakistan

Four new cases of coronavirus reported in Attock, taking tally to 550

He said the number of suspected cases had also been raised in the district to 3930 while screening of as many as 7511 persons have also carried out so far.

Published 21 Jul, 2020 06:52pm

Business & Finance

Markets rally on vaccine hopes, EU stimulus deal

"A combination of vaccine optimism and fiscal stimulus is boosting the mood," City Index analyst Fiona Cincotta said.

Published 21 Jul, 2020 06:51pm

Pakistan

Rs390.972mn distributed under PM Ehsaas Kafalat program in Tank

The special steps have been taken by Sector Headquarters South to ensure the success of the program.

Published 21 Jul, 2020 06:48pm

Europe

Putin pushes back goal to halve poverty to 2030

In 2018 after winning another six-year term, Putin set targets including halving the poverty rate from the 2017 figure, increasing pensions and boosting the average life expectancy to 78 by 2024.

Published 21 Jul, 2020 06:49pm

Europe

Pompeo meets UK PM in heat of China standoff

Washington argues that the Chinese Community Party can force Huawei to either intercept UK data or shut down the British network in times of war.

Published 21 Jul, 2020 06:47pm

Pakistan

PM condemns Turbat blast

He directed the concerned authorities to provide best medical treatment to the injured and prayed for their speedy recovery.

Published 21 Jul, 2020 06:47pm

Pakistan

Pakistan Railways Multan retrieves grabbed land worth Rs100mn

The total cost of the retrieved land is about Rs. 100 millions, stated official sources.

Published 21 Jul, 2020 06:44pm

Coronavirus toll at 1100 GMT Tuesday

At least 14,736,130 cases of coronavirus have been registered in 196 countries and territories. Of these, at least 8,150,900 are now considered recovered.

Published 21 Jul, 2020 06:45pm

Pakistan

COVID-19 claims 22 more lives, infects 551 others: CM Sindh

He said that 6676 samples were tested against which 551 new cases of coronavirus were detected that constituted eight percent current detection rate.

Published 21 Jul, 2020 06:43pm

World

Coronavirus: latest global developments

The pandemic has killed at least 610,604 people worldwide since it surfaced in China late last year, according to an AFP tally at 1100 GMT on Tuesday based on official sources.

Published 21 Jul, 2020 06:42pm

Exchange

Ministers hold consultation over highlighting IOJK situation on Aug 5

The ministers discussed importance of drawing the world’s attention towards the curfew imposed in IOJK since last August 5 - the day India revoked special status of Kashmir.

Published 21 Jul, 2020 06:41pm

EU agrees huge virus aid plan as Trump backs face masks

The virus has infected more than 14.7 million people and killed over 610,000 of them since emerging in China late last year, with fresh alarm being sounded over its accelerating spread in Africa.

Published 21 Jul, 2020 06:38pm

Pakistan

KP cabinet approves mega relief food, construction, tourism packages

He said the cabinet has directed food department to prepare a comprehensive plan for food security on the basis of research work.

Published 21 Jul, 2020 06:38pm

Exchange

Farooq Naek challenges AC jurisdiction in Park lane reference

Zardari's lawyer Farooq H. Naek prayed the court to decide this petition before preceding the trial in corruption reference.

Published 21 Jul, 2020 06:32pm

Asia

China demands proof of no coronavirus for all new flight arrivals

China has been relaxing a ban on most foreign travellers that was imposed in March to prevent an influx of infections after authorities largely brought the domestic epidemic under control.

Published 21 Jul, 2020 06:37pm

Africa

15 children 'in chains' freed from Nigeria Koran school

In the house where they were found, "three chains used to tie their legs were also recovered," he said.

Published 21 Jul, 2020 06:34pm

World

UK govt criticised for 'lack of curiosity' about Russian 'meddling'

A long-awaited report by parliament's Intelligence and Security Committee (ISC) had been expected to shed light on possible Kremlin interference in the landmark vote that saw Britain leave the European Union.

Published 21 Jul, 2020 06:31pm

Pakistan

Youth have great contributions to Kashmir movement: AJK president

The AJK president said India was particularly targeting the youth who were peacefully struggling against Indian occupation and the atrocities committed by the Indian forces in occupied Kashmir.

Published 21 Jul, 2020 06:30pm

Industry

LinkedIn to cut 960 jobs amid sales slump

LinkedIn said it added new features to help job seekers and businesses during the pandemic, and made recruitment tools free for those fighting the pandemic.

Published 21 Jul, 2020 06:29pm

Pakistan

IHC reserves judgment on appeal in mandir construction case

The court asked that what constitution says regarding the rights of minorities.

Published 21 Jul, 2020 06:29pm

Pakistan

PTA blocks Bigo, issues ‘final warning’ to TikTok

Therefore, in exercise of its powers under PECA, PTA has decided to immediately block Bigo and issue final warning to TikTok to put in place a comprehensive mechanism to control obscenity.

Published 21 Jul, 2020 06:26pm

US defence secretary says he plans to visit China this year

Esper said he has spoken to his Chinese counterpart several times and hopes to make the trip by year's end.

Published 21 Jul, 2020 06:27pm

Business & Finance

Apple pledges to be fully carbon neutral by 2030

The tech giant, which is already carbon neutral for its corporate operations, said the move would mean no climate impact for all its devices sold.

Published 21 Jul, 2020 06:25pm

Commodities

Palm oil bounces back, hovers near 5-month high on supply concerns

Palm rose nearly 1.8pc and closed at its highest since Feb. 13 in the previous session.

Published 21 Jul, 2020 05:59pm

Industry

Geely's Volvo Cars sees wider market recovery on solid growth in China

Volvo said it had seen a return to solid growth in China during the second quarter, and is expecting a similar upturn in the United States and Europe.

Published 21 Jul, 2020 05:57pm

Money & Banking

Hungary central bank says will not buy government bonds from banks this week

The bank launched the bond purchases in early May as part of efforts to shore up the economy hit by the coronavirus pandemic.

Published 21 Jul, 2020 05:55pm

Europe

Ukraine coronavirus cases exceed 60,000, 1,518 deaths reported

President Volodymyr Zelenskiy said last week Ukrainians were fed up with the coronavirus lockdown and the government should be cautious about extending it.

Updated 21 Jul, 2020 05:55pm

Business & Finance

UK grocery sales growth slows as shoppers return to more normal routines

Market researcher Kantar said data over the period suggested shoppers are tentatively returning to more normal routines.

Published 21 Jul, 2020 04:42pm

Stocks

Japan shares advance as COVID-19 vaccine trials bolster optimism

The Nikkei index ended up 0.73pc at 22,884.22, with the healthcare and technology sectors leading the advance.

Published 21 Jul, 2020 04:39pm

Stocks

Australia shares rise on stimulus, vaccine hopes

Reserve Bank of Australia (RBA) Governor Philip Lowe on Tuesday urged the government to borrow more and boost public spending to support the country's economic recovery.

Published 21 Jul, 2020 04:37pm

Financial

JGB yields fall after successful 20-year bond auction

Benchmark 10-year JGB futures rose 0.06 point to 152.43, with a trading volume of 13,635 lots.

Published 21 Jul, 2020 04:35pm

Sports

Babar Azam loses fifth spot in latest Test rankings

England all-rounder Ben Stokes has made significant strides in the MRF Tyres ICC Test Player Rankings after the second Test against West Indies in Manchester.

Updated 21 Jul, 2020 04:35pm

Commodities

Ethiopia postpones tender to buy 400,000 tonnes wheat

Ethiopia had on June 9 also cancelled a planned purchase of 400,000 tonnes of wheat provisionally bought in May.

Published 21 Jul, 2020 04:33pm

Commodities

CBOT wheat may test support at $5.16-1/2

The support is identified as the 100pc projection level of an uptrend from $4.87-3/4.

Published 21 Jul, 2020 04:31pm

Stocks

S.Korean shares strengthen on vaccine hopes, EU stimulus deal

The won ended trading at 1,197.8 per dollar on the onshore settlement platform, 0.45pc higher than its previous close at 1,203.2.

Published 21 Jul, 2020 04:28pm

World

Pompeo to discuss tackling China with PM Johnson after Huawei ban

"The UK made this important decision to protect its national security interests, just as countries around the world are doing," it said.

Published 21 Jul, 2020 04:26pm

Stocks

China shares end higher, virus vaccine hopes boost healthcare stocks

The Shanghai Composite index was up 0.2pc at 3,320.89, after flirting with small losses in the afternoon session. The index jumped 3.1pc a day earlier.

Published 21 Jul, 2020 04:23pm

Commodities

Copper edges up on EU stimulus deal, coronavirus vaccine hopes

Gains, however, were capped by a steady rise in virus cases worldwide and lingering uncertainty over the final outcome of the vaccine trials.

Published 21 Jul, 2020 04:20pm

Forex

South Africa's rand firmer as EU rescue deal boosts risk demand

At 0720 GMT the rand was 0.63pc firmer at 16.5175 per dollar compared to a close of 16.6225 overnight.

Published 21 Jul, 2020 04:18pm

Europe

Russia reports fewer than 6,000 new coronavirus cases

The country's coronavirus response centre said 153 people had died in the past 24 hours, bringing Russia's overall death toll from the virus to 12,580.

Published 21 Jul, 2020 04:17pm

Sindh reports 551 new cases, 22 deaths

1363 patients also recovered from the virus today.

Published 21 Jul, 2020 04:04pm

Currency

Gold rises to nine-year peak on stimulus bets, silver soars

Spot gold was up 0.4pc at $1,822.11 per ounce by 0730 GMT after hitting its highest since September 2011. US gold futures rose 0.4pc to $1,823.80.

Published 21 Jul, 2020 04:14pm

Financial

Indonesia raises 11trn rupiah from Islamic bonds auction, above target

The weighted average yields for the sukuk were lower than comparable notes sold at the previous auction on July 7.

Published 21 Jul, 2020 04:10pm

Pakistan

EU to provide Pakistan Rs 3.6bn grant under Rule of Law program

The RoL Programme will be implemented over a period of five years from 2020 to 2024.

Published 21 Jul, 2020 04:05pm

Europe

Huawei will not be prevented from investing in France: Le Maire

Le Maire told France Info radio there was "no blanket ban" on Huawei in France, but that sensitive locations would be protected.

Published 21 Jul, 2020 04:08pm

Financial

Italian yields fall to pre-crisis levels on EU recovery fund

The EU agreed on the 750 billion euro ($858.2 billion) fund in the early hours of Tuesday morning after a prolonged summit that lasted almost five days.

Published 21 Jul, 2020 04:05pm

Stocks

Dubai shares rise on Emirates NBD boost; other markets mixed

Al Rajhi Bank gained 0.4pc, while Etihad Etisalat advanced 3.5pc after the telecoms firm reported an increase in second-quarter profit.

Published 21 Jul, 2020 04:03pm

Industry

Volkswagen warns Korean battery row could lead to ‘catastrophic’ supply disruption

Ford said that LG Chem's assertion that it can replace SK Innovation as a supplier is not "credible" given EV battery supply shortages and the long development period required for EVs.

Published 21 Jul, 2020 04:00pm

Commodities

New York coffee may test support at $0.9750

The current consolidation seems to be taking the shape of a wedge, the lower trendline of which points at a target of $0.9750.

Published 21 Jul, 2020 03:58pm

Forex

Russian rouble firms on COVID-19 vaccine hopes

The rouble strengthened by 0.6pc to 81.20, heading away from the 11-week low of 82.60 touched on Monday.

Published 21 Jul, 2020 03:55pm

Stocks

London stocks gain on bumper EU stimulus, vaccine hopes

The blue-chip FTSE 100 gained 0.5pc and the mid-cap FTSE 250 rose 0.9pc, led by autos, banks and life insurers.

Published 21 Jul, 2020 03:52pm

Forex

Sterling shrugs off economy, Brexit worries to hit six-week high

Aside from the EU recovery fund agreement, early data from trials of three potential COVID-19 vaccines, has been promising.

Published 21 Jul, 2020 03:50pm

Stocks

Hong Kong stocks end higher on EU stimulus deal, virus vaccine hopes

Around the region, MSCI's Asia ex-Japan stock index was firmer by 2.05pc, while Japan's Nikkei index closed up 0.73pc.

Published 21 Jul, 2020 03:47pm

Money & Banking

Kenyan central bank sells dollars to support shilling

At 0800 GMT, commercial banks quoted the shilling at 107.70/90 per dollar, compared with 106.65/85 at Monday's close.

Published 21 Jul, 2020 03:44pm

South Asia

Hong Kong reports 61 new coronavirus cases, mostly local transmissions

Hong Kong tightened social distancing measures in July after a rise in locally transmitted cases and as authorities warned about a third wave of infections.

Published 21 Jul, 2020 03:43pm

Africa

Two South African ministers in hospital with coronavirus

Africa's most industrialised economy now has one of the highest rates of infection of the novel coronavirus in the world, with 372,628 confirmed cases and 5,173 deaths.

Published 21 Jul, 2020 03:42pm

Asia

Indonesia reports 1,655 new coronavirus infections, 81 deaths

The number of fatalities due to COVID-19 rose by 81 on Tuesday to reach a total of 4,320, the data showed, while 48,466 people have recovered from the virus.

Published 21 Jul, 2020 03:39pm

Europe

EU reaches 'truly historic' deal on pandemic recovery after fractious summit

Summit chairman Charles Michel called the accord, reached at a 5.15 a.m. (0315 GMT), "a pivotal moment" for Europe.

Published 21 Jul, 2020 03:36pm

South Asia

coronavirus deaths, 1,951 infections Philippines reports two new coronavirus deaths, 1,951 infections

In a bulletin, the ministry said total deaths had increased to 1,837, while confirmed cases had reached 70,764.

Published 21 Jul, 2020 03:17pm

Life & Style

Nicki Minaj says she is expecting first child

Minaj shocked fans when she announced in October that she had married her childhood friend and that she was retiring to have a family.

Published 21 Jul, 2020 03:30pm

Commodities

China plans wheat, rice sales to tame surging corn prices

Beijing may offload about 10 million tonnes of rice in the first batch of sales, according to one of the sources who was briefed on the plan.

Published 21 Jul, 2020 03:14pm

Energy

Oil prices up at levels last seen in March on vaccine hopes, EU deal

Benchmark Brent crude was up $1.17 cents at $44.45 by 0904 GMT, on track for its biggest daily rise since mid-June at around 2.7pc.

Published 21 Jul, 2020 03:12pm

Stocks

European stocks hit 4-month highs after EU recovery fund sealed

The pan-European STOXX 600 jumped 1.1pc to its highest level since March 5, while an index of euro zone blue-chip stocks was up 1.7pc at its highest since March 3.

Published 21 Jul, 2020 03:09pm

Money & Banking

European banks face more than 400 billion euros in COVID loan losses

These credit losses compare with the euro zone crisis of 2012-14, but represent less than 40pc of the losses experienced in the global financial crisis of 2008-10, the consultancy said.

Published 21 Jul, 2020 03:06pm

Europe

German economy minister to speak to parliamentary committee about Wirecard

Scholz is facing calls from rival parties to account for the regulatory failures that led to the collapse of Wirecard after it emerged he knew of concerns about the company 18 months ago.

Published 21 Jul, 2020 02:59pm

Forex

US Dollar climbs to Rs 168.70 in interbank market

Demand for the dollar is increasing due to increase in imports.
SBP lets the market determine the exchange rate after exchange policy change.

Updated 21 Jul, 2020 02:47pm

Industry

Hi Fly to bring back stranded Pakistanis from Europe

The flights are reportedly priced at €800 or $915.

Published 21 Jul, 2020 02:31pm

Sports

Amir tests negative for COVID-19, expected to depart for England this week

On the request of the team management, the PCB decided to send left-arm pacer to England.

Updated 21 Jul, 2020 02:35pm

Sports

Intra-squad practice match: Azhar Ali guides Team Green to victory

Pakistan Test captain cracked 120 runs from 225 balls, hitting 10 fours before he was retired out.

Published 21 Jul, 2020 02:03pm

Sports

Historic Ronaldo puts Juve on brink of ninth straight Serie A title

35-year-old is now looking to become the first player to finish top scorer in three of the top five European leagues.

Published 21 Jul, 2020 01:56pm

Sports

Guardiola says 'not much' respect for Arsenal off the pitch

Gunners knocked holders Man City out of the FA Cup with a 2-0 semi-final win on Saturday.

Published 21 Jul, 2020 01:54pm

Business & Finance

EU reaches 'historic' deal on pandemic recovery after marathon summit

The agreement paves the way for the European Commission, the EU’s executive, to raise billions of euros on capital markets on behalf of all 27 states, an unprecedented act of solidarity in almost seven decades of European integration.

Published 21 Jul, 2020 01:35pm

Blast in Balochistan's Turbat market kills one, injures several

The blast occurred at the main Turbat market near a car.

Updated 21 Jul, 2020 12:22pm

Pakistan

Supreme Court suspends PHC's order for release of 196 alleged terrorists

The SC has sought record of the cases of the 196 alleged terrorists from the federal government.

Updated 21 Jul, 2020 12:14pm

Business & Finance

Govt issued 288 wheat import permits so far

The first shipment carrying about 66,000 tons of wheat will arrive in the country next month while the second shipment of 70,000 tons is expected to arrive in September.

Published 21 Jul, 2020 12:09pm

Life & Style

Christopher Nolan’s Tenet delayed indefinitely by virus

The director insists on a theatrical release for the Inception sequel, but no new release date has been given so far.

Published 21 Jul, 2020 11:45am

Life & Style

Netflix show Indian Matchmaking stokes debate on elite arranged marriage culture

The show has become a subject of memes, jokes, and criticism on how individuals and their parents are picky and have a long list of demands that centre around factors like caste, height or skin colour.

Published 21 Jul, 2020 11:28am

Pakistan

Zil Hajj moon will be sighted today in Karachi, its peripheral areas: Fawad Chaudhry

On June 15, the minister had announced that moon will be sighted on July 21 and Eid ul Azha will be celebrated on July 31.

Published 21 Jul, 2020 10:48am

Stocks

Asian shares extend gains as investors count on stimulus, vaccines

Japan’s Nikkei rose 0.6% while MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.5% to edge near its four-month peak hit earlier this month.

Published 21 Jul, 2020 10:53am

Pakistan

PTA bans Bigo in Pakistan, issues final warning to TikTok

The regulator informed that it had issued necessary notices to the aforementioned social media companies under law to moderate the socialization and content within legal and moral limits, in accordance with the laws of the country.

Published 21 Jul, 2020 10:37am

Pakistan reports 1013 new coronavirus cases in last 24 hours

It recorded 40 deaths.

Updated 21 Jul, 2020 10:46am

Forex

EU deal and vaccine hopes keep dollar at bay

The deal provided support to fragile broader sentiment and, along with encouraging results from several COVID-19 vaccine trials, kept safe havens such as the greenback under pressure.

Published 21 Jul, 2020 10:21am

Commodities

Oil steady as vaccine news counters rise in virus cases

Brent futures were up 15 cents, or 0.4%, at $43.43 by 0117 GMT, while West Texas Intermediate (WTI) edged up 2 cents to $40.83.
The closing prices of both Brent and WTI have traded within a $2 channel so far this month.

Published 21 Jul, 2020 10:16am

Companies

Southeast Asia budget airline boom turns sour for planemakers, lessors

Auditors for Malaysia’s AirAsia Group Bhd and Vietnam’s VietJet Aviation JSC VJC.HM are concerned about cashflows and funding, while Indonesia’s Lion Air has put the brakes on a planned flotation.

Published 21 Jul, 2020 10:09am

BR Research

PFC awards: don’t wing it

In last week’s coverage on Provincial Finance Commission (PFC) awards, it was argued that if the PTI is really...

Published 21 Jul, 2020 08:22am

BR Research

Get on with the IMF programme

The IMF programme progress seems stuck. The Fund extended full support for the Rapid Financing Instrument, but the...

Published 21 Jul, 2020 08:22am

BR Research

Handset imports: out of hand?

Despite subdued consumer sentiment, mobile phone imports have been heating up. These purchases surged by over 80...

Published 21 Jul, 2020 08:21am

BR Research

Where is export-based FDI?

According to the central bank’s latest data, foreign direct investment in country has grown by 88 percent...

Published 21 Jul, 2020 08:20am

Currency

Aruj Industries Limited

Aruj Industries Limited (PSX: ARUJ) was established in 1992 under the Companies Ordinance, 1984. It manufactures...

Published 21 Jul, 2020 08:18am

Pakistan

NSCCP scam: NAB again fails to file reference against Ahsan Iqbal

ISLAMABAD: The National Accountability Bureau (NAB) on Monday again failed to file reference regarding Narowal ...

Updated 21 Jul, 2020 04:14am

Pakistan

'NFS&R ensuring supply of wheat at affordable price'

ISLAMABAD: The Ministry of National Food Security and Research (NFS&R) is ensuring supply of wheat at affordable...

Updated 21 Jul, 2020 04:14am

Pakistan

Usage of social media: SHC seeks replies

KARACHI: Sindh High Court (SHC) has sought the replies from petitioners and respondents in a petition, which...

Updated 21 Jul, 2020 04:13am

Pakistan

Sewerage lines of SITE: DC Hyderabad for removal of encroachments

HYDERABAD: The Divisional Commissioner Hyderabad Mohammed Abbas Baloch directed the concerned officers to take...

Updated 21 Jul, 2020 04:13am

Pakistan

NA informed: Covid-19 cases on state of decline

ISLAMABAD: The government on Monday informed the National Assembly that coronavirus cases in the country were on a...

Updated 21 Jul, 2020 04:10am

Pakistan

Number of Covid-19 cases reach 265,636

ISLAMABAD: The number of Covid-19 cases in Pakistan has reached 265,636, with 5,626 deaths and 205,929 recoveries,...

Updated 21 Jul, 2020 04:09am

Pakistan

Ceasefire violations: Senior Indian diplomat summoned

ISLAMABAD: Pakistan summoned senior Indian diplomat over the ceasefire violations by the Indian occupation forces...

Updated 21 Jul, 2020 04:09am

Pakistan

Non-licensed blood banks to be considered illegal: minister

LAHORE: Punjab Health Minister Dr Yasmin Rashid has said that non-licensed blood banks will be considered illegal ...

Updated 21 Jul, 2020 04:09am

World

Gunman kills son of US judge in attack at her home

NEW YORK: A gunman disguised as a FedEx delivery driver shot and killed the son of a US federal judge and wounded ...

Updated 21 Jul, 2020 04:08am

World

US sanctions 11 Chinese firms over Uighur rights violations

WASHINGTON: The US Commerce Department on Monday announced it has blacklisted 11 Chinese businesses for involvement...

Updated 21 Jul, 2020 04:08am

World

Ukraine, US launch Black Sea naval drills

KIEV: Ukraine and the United States launched joint naval exercises in the Black Sea on Monday, in a show of US...

Updated 21 Jul, 2020 04:07am

Pakistan

Buzdar directs effective anti-polio campaign

LAHORE: Chief Minister Punjab Sardar Usman Buzdar presided over a meeting of anti-polio taskforce here on Monday ...

Updated 21 Jul, 2020 04:07am

World

UK suspends extradition treaty with Hong Kong

LONDON: Britain on Monday risked worsening strained ties with China, as it suspended its extradition treaty with ...

Updated 21 Jul, 2020 04:07am

Pakistan

Motorway Police arrest two alleged female fraudsters

LAHORE: The officer of Motorway Police central zone arrested two females involved in fraud. According to details,...

Updated 21 Jul, 2020 04:06am

Pakistan

Regulation of private educational centres: Punjab govt decides to bring new law

LAHORE: The Punjab government has decided to bring a new law to regulate private educational institutions in Punjab...

Updated 21 Jul, 2020 04:06am

Pakistan

Punjab government to make 116 water filtration plants functional

LAHORE: The Punjab government will soon make 116 water filtration plants functional that were installed by the ...

Updated 21 Jul, 2020 04:05am

Pakistan

APPSA announces opening of educational institutes from Aug 15

ISLAMABAD: The All Pakistan Private Schools and Colleges Association (APPSA) on Monday rejected the government's...

Updated 21 Jul, 2020 04:04am

Industry

'SCCI striving for promotion of tourism industry'

SIALKOT: Chairman Departmental Committee on Travel and Tourism of Sialkot Chamber of Commerce and Industry (SCCI)...

Updated 21 Jul, 2020 04:04am

Pakistan

Bajwa tells Senate body: ML-I railway project to increase transport share from 4pc to 20pc

ISLAMABAD: The China-Pakistan Economic Corridor (CPEC) Authority Chairman Lieutenant General Asim Saleem Bajwa ...

Updated 21 Jul, 2020 04:03am

Industry

Digital Global Apparel Expo : PREGMEA becomes first body to participate

LAHORE: As the worldwide economy has been facing slowdown in the post-Corona scenario, and all international textile...

Updated 21 Jul, 2020 04:03am

Business & Finance

Small and medium enterprises: E-commerce offered huge opportunities: president

ISLAMABAD: President Dr Arif Alvi chaired a meeting on E-commerce to review the action plan with regards to...

Updated 21 Jul, 2020 04:03am

Business & Finance

PBIF chief urges PM to stop hike in power tariff

KARACHI: Pakistan Businessmen and Intellectuals Forum President Mian Zahid Hussain Monday urged Prime Minister Imran...

Updated 21 Jul, 2020 04:02am

Taxes

Ex-chairman's major facilitative measures: Businessmen, experts surprised at FBR's new report

ISLAMABAD: Businessmen, tax lawyers/experts, industrialists and traders are surprised over the Federal Board of...

Updated 21 Jul, 2020 04:01am

Business & Finance

Japan's exports plunge

TOKYO: Japan's exports plunged at a double-digit pace for the fourth month in a row in June, backing signs the...

Updated 21 Jul, 2020 04:00am

Business & Finance

Fareena Mazhar assumes charge of BOI secretary

ISLAMABAD: Following a notification, Fareena Mazhar, a distinguished officer of the Central Superior Service, has...

Updated 21 Jul, 2020 04:00am

Currency

Meeting of NA panel put off

ISLAMABAD: The meeting of the Finance Committee of National Assembly was postponed on Monday - despite a heavy ...

Updated 21 Jul, 2020 03:59am

Exchange

Rice exports reach $2.1bn mark in FY20

KARACHI: Despite negative impact of COVID-19, rice exports maintained an upward momentum and rose by some 5 percent...

Updated 21 Jul, 2020 03:58am

December 31st deadline: Registration of builders, developers made mandatory

ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for developers and builders to get themselves...

Updated 21 Jul, 2020 03:58am

World facing bankruptcy time bomb: study

PARIS: Governments around the world are scrambling to save companies battered by coronavirus lockdowns but the world...

Updated 21 Jul, 2020 03:58am

Two coronavirus vaccines 'produce immune response'

PARIS: Two COVID-19 vaccine candidates have proven safe for humans and produced strong immune reactions among...

Updated 21 Jul, 2020 03:56am

Government bank accounts: Finance ministry frames Cash Management, TSA Rules 2020

ISLAMABAD: The Ministry of Finance has framed Cash Management and Treasury Single Account (TSA) Rules 2020 aimed at...

Updated 21 Jul, 2020 03:55am

PM's think tank deliberates over targeted subsidies

ISLAMABAD: Emphasizing the need for reviewing the entire subsidy system to ensure that it reaches the deserving...

Updated 21 Jul, 2020 03:55am

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 21 Jul, 2020 03:49am

Business & Finance

Minister expects Rs 250 billion investment in Quaid-e-Azam Business Park

LAHORE: Provincial Industries & Trade Minister Mian Aslam Iqbal has said that investment worth Rs 250 billion is...