News Archives for Latest - 2020-07-24

Stocks

Wall Street closes lower as Intel dives, earnings and pandemic weigh

As Intel plunges, rival AMD rises.
Drugmakers fall ahead of Trump's pricing order.
Honeywell, American Express dip after earnings reports.
Indexes down: Dow 0.68%, S&P 0.62%, Nasdaq 0.94%.

Updated 25 Jul, 2020 02:52am

Letters

Afghan conflict: new dimension

LETTER: This is apropos a Business Recorder news item "Afghan girl kills two Taliban fighters after parents ...

Updated 25 Jul, 2020 12:28am

Commodities

US-China tensions drive copper towards first weekly loss since May

Benchmark copper on the London Metal Exchange (LME) was 2% down at $6,413 a tonne at 1620 GMT on Friday for a weekly decline of about 0.5%.
Copper has rebounded from $4,371 in March as China, the biggest consumer, controlled its coronavirus outbreak.

Published 24 Jul, 2020 11:22pm

Commodities

Wheat gains on weak dollar, soybeans ease on US-China tensions

US soybean sales to China surge.
Political tension threatens further deals.
Wheat firms on export hopes.
Corn mostly flat on mixed weather, export outlook.

Published 24 Jul, 2020 11:19pm

Stocks

Intel shares dive on apparent manufacturing retreat; rival chip stocks jump

Designing and manufacturing its own personal computer and server chips has given Intel a lead over rivals for decades.
This, our 45th Intel earnings call, was the worst we have seen in our career covering the company.

Published 24 Jul, 2020 11:17pm

Currency

US new home sales shine in June; business activity picks up

New home sales increase 13.8% in June; May revised up.
Median new home price rises 5.6% from year ago.
Business activity picks up in July.

Published 24 Jul, 2020 11:16pm

Commodities

Gold smashes $1,900/oz barrier as Sino-US row drives flight to safety

Over 4 million Americans infected with COVID-19.
Gold up 5% so far for the week.
Silver on track for best week in over three decades.

Published 24 Jul, 2020 11:11pm

Companies

Chevron diversity ratio to improve as layoffs progress

Like most of its peers in an industry struggling with the collapse of oil prices this year, Chevron is cutting spending.
Figures from the end of last year show that less than a quarter of Chevron's US executives and senior managers were female.

Published 24 Jul, 2020 11:09pm

Stocks

Tech weighs on Wall St as virus cases mount

Intel hits four-month low, rival AMD rises.
Drugmakers fall ahead of Trump's pricing order.
American Express down after quarterly profit plunges.
Indexes down: Dow 0.60%, S&P 0.74%, Nasdaq 1.14%.

Published 24 Jul, 2020 11:05pm

World

China orders US to shut Chengdu consulate, retaliating for Houston

China responds to order to close Houston consulate.
US says Houston consulate a hub of spying.
Relations soured by a range of issues.
Senior Chinese diplomat blames US for state of ties.

Published 24 Jul, 2020 10:57pm

Sports

Woods to skip WGC event to prepare for PGA Championship

The decision means the Masters champion, who is one win shy of a record-breaking 83 PGA Tour victories.
Disappointed to miss @WGCFedEx, but doing what I think is best to prepare me for the @PGAChampionship and upcoming FedExCup Playoffs.

Published 24 Jul, 2020 10:55pm

Industry

LATAM Airlines creditors oppose bankruptcy loan proposal

The creditors filed an objection on Thursday to the debtor-in-possession (DIP) loan in US Bankruptcy Court in Manhattan.
The consequence is an overall proposed DIP facility that is too large, too expensive and not supported by a fair and adequate marketing process.

Published 24 Jul, 2020 10:53pm

Money & Banking

ECB tells Monte dei Paschi to boost capital for bad loan deal

The ECB, Monte dei Paschi and the Italian Treasury, which controls the bank.
Monte dei Paschi last month approved a plan to offload more than 8 billion euros in bad and unlikely-to-pay loans to state-owned bad loan manager AMCO, in a move.

Published 24 Jul, 2020 10:52pm

USA

US CDC reports 4,024,492 coronavirus cases

The CDC reported its tally of cases of the respiratory illness known as COVID-19
The CDC figures do not necessarily reflect cases reported by individual states.

Published 24 Jul, 2020 10:50pm

Energy

US oil exports to Europe rebound as OPEC+ cuts supply

US crude supply to Europe reached nearly 31 million barrels in July, according to Refinitiv Eikon data as of July 24.
Oil producers in the US have boosted volumes, after curbing shale well output in the spring when prices collapsed.

Published 24 Jul, 2020 10:46pm

Europe

France records 1,130 new COVID-19 cases in 24 hours

It was the second consecutive day that the daily number of new cases exceeded 1,000.
The ministry, in a statement, said the figures showed the need for people to show discipline by limiting unnecessary exposure.

Published 24 Jul, 2020 10:44pm

Energy

US oil rig count rises for first week since March: Baker Hughes

That was 695 rigs, or 73%, below this time last year.
US oil rigs rose to 181, while gas rigs fell three to 68, their lowest on record according to Baker Hughes data going back to 1987.

Published 24 Jul, 2020 10:40pm

Pakistan

CM announces development projects for Murree

More than six thousand schemes of water supply and sewage drainage would be completed with an amount of Rs. 17 billion in the areas, he added.

Published 24 Jul, 2020 09:28pm

Exchange

Defence Minister lauds Italy's sacrifices in Afghanistan, emphasizes enhanced defence cooperation

The minister said that Pakistan attached great importance to its relations with Republic of Italy and wanted to further enhance defence collaboration in different fields.

Published 24 Jul, 2020 09:17pm

USA

Trump could lose reelection in 100 days -- and the US is on edge

In the latest blow to momentum ahead of November 3, the president announced late Thursday that he was ditching the razzmatazz-filled Republican convention in Florida for next month because of coronavirus fears.

Published 24 Jul, 2020 09:19pm

Europe

Spain security firm probed for spying on Ecuador's ex-president

For judge Jose de la Mata, such acts "could constitute privacy offences" and for that reason, he "opened an investigation into David Morales Guillen and Undercover Global".

Published 24 Jul, 2020 09:17pm

Commodities

London cocoa steadies as bad news seen priced in; coffee slips

September London cocoa rose 15 pounds, or 1pc, to 1,570 pounds per tonne at 1133 GMT, having hit its lowest in nearly 2 years last week.

Published 24 Jul, 2020 09:14pm

World

Iran protests to UN after US jets approach flight over Syria

Iran's state television broadcast footage filmed on a mobile phone of screaming passengers as the pilot of a Mahan Air plane on a flight from Tehran to Beirut took emergency action.

Published 24 Jul, 2020 09:14pm

World

UN calls on US to ensure right to peaceful protests

She noted that such practices could "give rise to arbitrary detention and other human rights violations.

Published 24 Jul, 2020 09:12pm

White House warns China against ‘tit-for-tat retaliation’ with Chengdu consulate

"Our action to direct the closure of PRC Consulate General in Houston was taken to protect American intellectual property and Americans' private information,"

Published 24 Jul, 2020 09:10pm

USA

Trump son's virus-shuttered school won't reopen fully

School head Robert Kosasky and assistant David Brown said they would decide in the week of August 10.

Published 24 Jul, 2020 09:11pm

Financial

Yields mixed as supply and Fed meeting loom

The benchmark 10-year yield was last up less than a basis point at 0.5888pc.

Published 24 Jul, 2020 09:07pm

Commodities

Brazil sugar output rises 55pc in 1st half of July to 3mn T

Market estimates gathered by S&P Global Platts had indicated sugar output at 3.08 million tonnes and total crush at 45.8 million tonnes.

Published 24 Jul, 2020 09:05pm

Europe

Spain's total coronavirus cases rise by 2,255 to 272,421

In the past 24 hours, some 922 new infections were diagnosed, the ministry said, compared with 971 the previous day.

Published 24 Jul, 2020 09:03pm

Forex

Sterling rallies in best week vs dollar since early June

Sterling was even set for a slim net weekly rise against the euro, which eased off some of its recent gains on Friday.

Published 24 Jul, 2020 09:01pm

Forex

South Africa's rand weaker as risk appetite diminishes, stocks slip

The rand was 0.15pc weaker at 16.7000 per dollar, after falling to 16.8075 earlier - its weakest level since July 14.

Published 24 Jul, 2020 08:59pm

Europe

Human trials of second Russian COVID-19 vaccine to start July 27

An early-stage human trial of a separate vaccine, developed by the Gamaleya institute in Moscow, was completed this month.

Published 24 Jul, 2020 08:58pm

Pakistan

Amid COVID-19 pandemic, Pakistan’s first virtual hospital launched to treat patients at home

So far, around two dozen COVID-19 people have availed the nurse-assisted teleconsultation service of Ehad Virtual Health

Updated 24 Jul, 2020 08:59pm

Business & Finance

Oil prices edge lower on US-China tensions

China ordered the United States to close its consulate in the city of Chengdu on Friday, responding to a US demand this week that China close its Houston consulate.

Published 24 Jul, 2020 08:56pm

Business & Finance

Harley-Davidson's results likely to reflect another quarter of coronavirus pain

The strategy, dubbed "the Rewire," seeks to shift focus back to more profitable heavyweight and touring bikes and core markets such as the United States.

Published 24 Jul, 2020 08:54pm

Commodities

EU wheat rises tracking gains in Chicago

Benchmark September milling wheat on the Paris-based Euronext was up 1.4pc at 186.00 euros a tonne by 1505 GMT.

Published 24 Jul, 2020 08:47pm

Pakistan

Buzdar felicitates Turkish people on offering prayers at Ayasofya Mosque

He said that he could not disregard the soulful sights of prostration in the historic mosque of Ayasofya, as a new history has been written today in the grand mosques.

Published 24 Jul, 2020 08:45pm

Pakistan

Civilised world has rejected Indian narrative on Kashmir: Dr Moeed

He said that in the past, many prominent United Sates and United Kingdom and EU lawmakers used to follow Indian narrative on Kashmir issue.

Published 24 Jul, 2020 08:43pm

Pakistan

Final decision on opening marriage halls to be made soon: Nasir Hussain Shah

He said that the coronavirus in the country has adversely affected all sectors and walks of life, said a communique here.

Published 24 Jul, 2020 08:42pm

Pakistan

Nation fully alive to project Kashmir at int'l fora: Shibli

He said it was Nehru who took the lead in pledging to the United Nations Security Council that a plebiscite would be held in Kashmir to ascertain the will of its people, he added.

Published 24 Jul, 2020 08:39pm

PM firm to end deprivation of Balochistan, undo neglect of decades

He said financial resources allocated for Balochistan in the past were never diverted towards the development of the province.

Published 24 Jul, 2020 08:36pm

Cotton

Pakistan’s exports to UK stood at US$ 1.7 billion: VP FPCCI

Sheikh Sultan Rehman said that UK plays a key role in economic and social development of Pakistan and the balance of trade between Pakistan and UK is in favor of Pakistan.

Updated 24 Jul, 2020 08:36pm

Pakistan

SHC orders to restore services of 386 employees

According to the detail, the CMO of Ghotki in a plea of fake appointments had removed 368 employees from services who were serving in different positions.

Published 24 Jul, 2020 07:26pm

Pakistan

SBP injects Rs. 1,031,550 million into money market

The rate of return accepted is 7.01 percent per annum, said SBP press release issued here.

Published 24 Jul, 2020 07:13pm

Pakistan

Work on setting up 50,000 more utility stores starts: NA told

He said under the Kamyab Jawan Programme, youth would be encouraged to implement their workable business plans so that they could be able to open their own stores.

Published 24 Jul, 2020 07:11pm

Pakistan

Govt taking all steps to harness natural resource of GB: Omar Ayub Khan

During the meeting various matters relating to harnessing the indigenous resources of GB were discussed, said a statement issued here.

Published 24 Jul, 2020 07:08pm

Pakistan

NA Speaker for strengthening ZTBL, more farmer- friendly policies

The NA Speaker asked the PML-N legislature to submit his proposals in that regard so that it could be referred to the committee concerned for thorough debate.

Published 24 Jul, 2020 07:06pm

Pakistan

Ch Fawad asks PEC to provide relief to medium level contractor companies

This was stated by the Federal Minister for Science and Technology, Chaudhry Fawad Hussain in a tweet on Friday.

Published 24 Jul, 2020 07:04pm

Pakistan

No plan to privatize PIA but to restructure it: says Sarwar

The minister said that Licensing authority was under observation and action would be taken against those involved in fake documentation.

Published 24 Jul, 2020 07:01pm

Pakistan

Anti-locust operation completed over 26.26 million acres: NLCC

About 25 etymologists have been inducted besides, 12 drones have been handed over by Chinese government to Pakistani embassy in China.

Published 24 Jul, 2020 06:53pm

Sports

Premier League 2020-21 to start from September 12

The current campaign will end on Sunday after it was suspended for three months because of the coronavirus pandemic.

Updated 24 Jul, 2020 06:59pm

Pakistan

Special committee to facilitate students with delivery of online education

The committee deliberated on the connectivity issues which students are currently facing in their online classes during COVID-19.

Published 24 Jul, 2020 06:51pm

Pakistan

Bilawal visits Matiullah Jan's residence

Pakistan is a democratic Muslim country and such attacks are in fact attacks on our democracy, freedom of press and human rights.

Published 24 Jul, 2020 06:50pm

Pakistan

WFP, Health Dept. jointly working to reduce suffering of children: Dr Sania

During the visit she also took a round of various departments including Gynecology wards, OPD, Emergency Centre.

Published 24 Jul, 2020 06:48pm

Pakistan

Pakistan generating revenue of $3bn annually from IT sector: Razak Dawood

The Adviser had an online meeting with a delegation of Pakistan Software Houses Association (P@SHA) led by its President, Jehan Ara here.

Published 24 Jul, 2020 06:46pm

Exchange

Rupee gains 36 paisas against dollar

The State Bank of Pakistan reported that in interbank, the price of euro appreciated by 04 paisas to close at Rs. 194.26 against the last day’s trading of Rs. 194.22.

Published 24 Jul, 2020 06:44pm

Pakistan

Sindh governor calls on president

During the meeting, they discussed overall situation and matters pertaining to the provincial development.

Published 24 Jul, 2020 06:43pm

Pakistan

Gold price jumps Rs1400 to Rs118,700 per tola

The gold prices in the international market increased by $14 and was traded at $1896 on Friday against its sale at Rs. 1882 during the last trading day.

Published 24 Jul, 2020 06:40pm

Pakistan

IHC reserved verdict on appeal against sugar inquiry commission

The court was authorized to ignore minor mistake in issuance of notification as it had no bearing on the commission's performance.

Published 24 Jul, 2020 06:38pm

Pakistan

Govt imposes complete ban on tourism on Eid-ul-Adha

Law enforcement agencies across the district Officials have been directed to take steps to implement the ban on tourism in view of the pandemic situation.

Published 24 Jul, 2020 06:37pm

Pakistan

Govt approves Rs6.861bn markup subsidy on agriculture loans

The statement said the total amount of subsidy was Rs. 6.86 billion and all the loans with passbook as collateral were eligible to avail the subsidy.

Published 24 Jul, 2020 06:27pm

Currency

Turkish economy to shrink in 2020, recover next year

The median forecast in a July 21-23 survey of 42 economists in and outside the country was for a contraction of 4.3pc in 2020.

Published 24 Jul, 2020 06:22pm

World

Harry and Meghan file lawsuit over paparazzi photos of their son

The complaint, which targets unidentified individuals, is based on a California law that prohibits taking images of anyone in their home, even from outside the property.

Published 24 Jul, 2020 06:23pm

India coronavirus deaths pass 30,000, more than France

But many experts say that with testing levels low, the extent of the pandemic across the world's second-most populous country may be far worse than officially reported.

Published 24 Jul, 2020 06:21pm

Energy

Oil prices stable as US-China tensions offset weak dollar

Brent crude was down 1 cent at $43.30 a barrel by 0807 GMT, while US West Texas Intermediate (WTI) crude up 1 cent at $41.08.

Published 24 Jul, 2020 06:16pm

Industry

Airbus makes gesture to resolve EU-US dispute

"Airbus considers itself in complete compliance with all WTO rulings," it said in a statement.

Published 24 Jul, 2020 06:20pm

Business & Finance

European equities slide at open after Asia losses

In initial trade, London's benchmark FTSE 100 index of major blue-chip companies lost 1.4 percent to 6,122.79 points compared with the closing level on Thursday.

Published 24 Jul, 2020 06:18pm

Europe

EU calls on US to lift tariffs in plane dispute

Airbus said Friday it had reached agreement with the French and Spanish governments that raises the interest rates on funds provided to help develop its long-haul A350 jet to levels the WTO considers appropriate.

Published 24 Jul, 2020 06:16pm

Stocks

London stocks retreat on mixed earnings, Sino-US tensions

Pearson tumbled 4.2% to the bottom of the FTSE 100 even as it said it had seen a rebound in demand since June.

Published 24 Jul, 2020 06:14pm

World

France steps up space spending to gird for 'unfriendly' moves

"We're gone from a concept of space as a 'common good' in the service of science, to a space where countries are struggling for global supremacy," Parly told the Provence newspaper of Marseille.

Published 24 Jul, 2020 06:13pm

South Asia

China says Pompeo's speech filled with ideological bias

Wang Wenbin, a spokesman for the foreign ministry, told a daily news conference in Beijing that China urged the United States to discard the "cold war mentality".

Published 24 Jul, 2020 06:12pm

Africa

Former Tanzanian president Mkapa dies aged 81

Mkapa was born in 1938 to a poor family in south-eastern Mtwara.

Published 24 Jul, 2020 06:10pm

Money & Banking

ECB says it is considering publishing ‘compounded ESTR’ if Euribor disappears

The ECB has launched a public consultation on the specific characteristics of the compounded rates, starting on Friday and ending on Sept 11.

Published 24 Jul, 2020 06:09pm

World

Panic as US jets fly near Iran passenger plane over Syria

Iranian television called the incident "provocative and dangerous."

Published 24 Jul, 2020 06:06pm

Stocks

Hong Kong stocks finish sharply lower

The Hang Seng Index tumbled 2.21 percent, or 557.67 points, to 24,705.33.

Published 24 Jul, 2020 06:08pm

Forex

Sterling slips despite retail recovery; focus on Brexit talks

Retail sales recovered to almost pre-lockdown measures in June, with sales volumes exceeding all forecasts in a Reuters poll of economists.

Published 24 Jul, 2020 06:07pm

Energy

UK GAS-Prices up on lower Norway flows, higher demand

Gas for immediate delivery was 0.55 pence higher at 13.30 p/therm.

Published 24 Jul, 2020 05:59pm

USA

US judge orders Georgia governor and mayor to mediation over mask fight

Republican governor Brian Kemp sued officials in the US state's largest city Thursday, seeking to block a mandate that would require Atlanta residents to wear face masks in public.

Published 24 Jul, 2020 06:05pm

Asia

Sea crew quarantine let-off 'may have caused Hong Kong spike'

The city reported 123 new infections Friday, a new daily record, bringing the total tally to 2,372 with 16 deaths. Most of the new cases were locally transmitted.

Published 24 Jul, 2020 06:03pm

Asia

Indonesia reports 1,761 new coronavirus cases, 89 deaths

The number of deaths in the Southeast Asian nation related to COVID-19 rose by 89, to bring the total to 4,665, the data showed.

Published 24 Jul, 2020 05:54pm

Perspectives

How the UK and the EU Are Dealing With COVID 19

The coronavirus pandemic is at large and is sweeping victims all over the world. Besides the millions of people that...

Updated 24 Jul, 2020 05:58pm

Business & Finance

China's daily passenger flights rebound to 80pc of pre-COVID levels

Daily transported air passenger numbers have recovered to nearly 70pc of the levels seen last year, the Civil Aviation Administration of China (CAAC) said.

Published 24 Jul, 2020 05:52pm

Forex

Yen strengthens as worsening Sino-US relations back on the table

The Chinese yuan, a barometer of China-US tensions, looks set for its worst week in three months.

Published 24 Jul, 2020 05:50pm

Forex

Kenyan shilling gains slightly against the dollar

At 0820 GMT, commercial banks quoted the shilling at 107.95/108.15 per dollar, compared with 108.10/30 at Thursday's close.

Published 24 Jul, 2020 05:49pm

Europe

UK PM Johnson says everybody should get a flu vaccine

Johnson said his anxiety was that the novel coronavirus would come back so the country needed to be prepared.

Published 24 Jul, 2020 05:48pm

South Asia

Philippines reports 15 new coronavirus deaths, 2,103 infections

In a bulletin, the ministry said total deaths had increased to 1,879, while confirmed infections have reached 76,444.

Updated 24 Jul, 2020 05:48pm

Forex

Yuan finishes domestic session at 10-day low as Sino-US ties worsen

Beijing's decision was a retaliatory move after Washington abruptly ordered the closure of the Chinese consulate in Houston this week, amid allegations of spying.

Published 24 Jul, 2020 04:28pm

Business & Finance

Eurozone business growth turns positive: IHS Markit

The firm's PMI output index turned positive -- hitting 54.8 points in July compares to 48.5 in June -- and showed the sharpest rate of growth in July for just over two years.

Published 24 Jul, 2020 04:27pm

South Asia

Hong Kong reports 123 new coronavirus cases as local transmissions stay high

The global financial hub reported 118 new cases on Thursday, after it extended strict social distancing measures this week.

Published 24 Jul, 2020 04:27pm

Europe

Three-year-old dies as Belgian virus cases grow

Health spokesman Boudewijn Catry said three people die each day in Belgium from COVID-19, including recently the toddler and an 18-year-old.

Published 24 Jul, 2020 04:26pm

Asia

India sees record 49,000 new coronavirus cases, drug shortages in places

India has reported 30,601 deaths from the disease, with more than 40% of these deaths coming from Maharashtra state.

Published 24 Jul, 2020 04:24pm

Business & Finance

UK business activity grows again, lifting recovery hopes

That compared with a June reading of 47.7, which stood below the key 50-level that separates contraction and expansion.

Published 24 Jul, 2020 04:23pm

Stocks

World shares retreat on rise in Sino-US tensions

European shares were on course for their worst day in a month, with the pan-region Euro Stoxx 50 down 1.9pc.

Published 24 Jul, 2020 04:12pm

917 new cases take Sindh's tally to 116800

The province also reported 14 deaths.

Published 24 Jul, 2020 04:14pm

Business & Finance

KLM forced woman to move from Orthodox Jewish man: watchdog

The case was brought by Dutch MP Ronald van Raak after the incident happened while he and his wife were travelling from New York to Amsterdam in May 2019.

Published 24 Jul, 2020 04:20pm

WHO concerned over rising virus cases in Europe

The number of infections in Europe crossed three million on Thursday, a fifth of the world's more than 15 million cases. It remains the hardest hit in terms of deaths, with 206,633 out of 627,307 worldwide.

Published 24 Jul, 2020 04:18pm

Business & Finance

Stock markets take beating in 'sour end' to trading week

The losses come at the end of another tough week for markets, which have shown signs of stuttering after a months-long rally from their March trough.

Published 24 Jul, 2020 04:13pm

Industry

Govt, P@SHA join forces to enhance Pakistan’s IT exports

P@SHA a trade body of software houses recommended a 5 percent cash incentive on exports till 2025.

Published 24 Jul, 2020 04:07pm

Business & Finance

Malaysia says settles 1MDB scandal with Goldman Sachs for $3.9bn

Finance minister Tengku Zafrul Abdul Aziz said: "This settlement represents assets that rightfully belong to the Malaysian people.

Published 24 Jul, 2020 04:10pm

Forex

Uganda shilling holds steady against the dollar

At 0953 GMT, commercial banks quoted the shilling at 3,690/3,700, unchanged from Thursday's closing level.

Published 24 Jul, 2020 04:09pm

Commodities

Gold sets sights on $1,900/oz mark as haven flows gather steam

Spot gold was up 0.3pc at $1,892.32 per ounce by 1002 GMT, having hit its highest since September 2011 at $1,897.91 on Thursday.

Published 24 Jul, 2020 04:08pm

World

US accuses Russia of firing anti-satellite weapon in space

US Space Command said it "has evidence" that Moscow "conducted a non-destructive test of a space-based anti-satellite weapon" on July 15.

Published 24 Jul, 2020 04:06pm

Hagia Sophia holds first Friday prayers in 86 years

President Erdogan declared the building once again a mosque last week.

Updated 24 Jul, 2020 04:08pm

Stocks

Indian shares slip on profit booking; Reliance caps losses

The NSE Nifty 50 ended 0.19pc lower at 11,194.15 and the benchmark S&P BSE Sensex closed 0.03pc lower at 38,128.9.

Published 24 Jul, 2020 04:06pm

Financial

Italian bonds set for best week in two months

Italy's 10-year bond yield rose 4 basis points to 1.09%, still holding near Thursday's low around 1.04%.

Published 24 Jul, 2020 04:06pm

Europe

Bulgarian PM and EU summit delegates test negative for coronavirus

The first test for Borissov, 61, came out negative and he planned to stay in self-isolation until the results of a second test emerged, a government spokeswoman said.

Published 24 Jul, 2020 03:55pm

Money & Banking

Russian central bank cuts key rate to record low of 4.25pc

The rouble eased slightly to 71.60 against the US dollar after the rate cut, compared with levels of 71.56 seen shortly before the monetary policy decision.

Published 24 Jul, 2020 03:48pm

Sports

PSG aim to keep quadruple bid on track in French Cup final

The showpiece match will take place at the 80,000-capacity Stade de France but only 5,000 fans will be allowed.

Published 24 Jul, 2020 03:00pm

Sports

IPL 2020 to begin from September 19 in UAE

With ICC postponing the World T20 2020, scheduled to be played in Australia from October 18 to November 15, a window opened up for IPL to be held.

Updated 24 Jul, 2020 03:00pm

Perspectives

How the UK and US Stock Markets Are Taking the Coronavirus Impact

The COVID 19 pandemic had devastating consequences for the whole world. Millions of people lost their lives and...

Published 24 Jul, 2020 02:45pm

Sports

Sarfaraz XI face Azhar XI in last four-day practice match ahead of England Test

14-player lineups have been formed for the match, which starts today.

Published 24 Jul, 2020 02:26pm

Perspectives

The Impact of COVID 19 on the UK Stock Market

It’s evident that the coronavirus impacted the whole world. Millions of people all over the globe suffered ...

Published 24 Jul, 2020 02:34pm

Industry

Licenses of 18 Pakistani pilots working in Malaysia declared valid

As per details, after the verification by the Pakistan Civil Aviation Authority (PCCA), the Civil Aviation Authority of Malaysia reinstated all grounded Pakistani pilots.

Published 24 Jul, 2020 02:30pm

Pakistan

Toyota Yaris hits market by storm despite COVID-19

Toyota Yaris is a B segment sedan that competes with Honda City globally.

Published 24 Jul, 2020 02:10pm

Technology

Islamabad High Court orders to unban PUBG in Pakistan

The decision comes just hours after the Pakistan Telecommunication Authority (PTA) decided that PUBG remains blocked.

Updated 24 Jul, 2020 01:00pm

Companies

UWA acquires around 30pc shareholding in Unity Foods

Following the completion of the acquisition, UWA now holds 163,165,877 ordinary shares in Unity Foods, representing about 29.99pc shareholding interest in Unity Foods.

Published 24 Jul, 2020 12:48pm

Pakistan

Farogh Naseem sworn in as law minister for third time

He resigned in June to represent the government in Justice Qazi Faez Isa case.

Published 24 Jul, 2020 12:20pm

Sindh's coronavirus recoveries cross 100,000 mark

86% of the total patients in the province have recovered, Murtaza Wahab said.

Updated 24 Jul, 2020 12:24pm

Stocks

Wall Street closes sharply lower on tech selloff

The sell-off steepened after a tech watchdog group reported that Apple Inc faces consumer protection investigations in multiple states.

Published 24 Jul, 2020 12:16pm

Commodities

Oil edges higher on weaker dollar, but demand threats cap gains

Brent crude rose by 6 cents, or 0.1%, to $43.37 a barrel by 0634 GMT, and U.S. West Texas Intermediate (WTI) crude rose by 1 cent to $41.08.

Published 24 Jul, 2020 11:59am

Pakistan

Accountability court once again defers indictment of Zardari, Talpur

Zardari and Talpur will be indicted on July 29.

Updated 24 Jul, 2020 12:00pm

Technology

More than 1,000 people at Twitter had ability to aid hack of accounts

Twitter Inc and the FBI are investigating the breach that allowed hackers to repeatedly tweet from verified accounts of the likes of Democratic presidential candidate Joe Biden, billionaire philanthropist Bill Gates, Tesla Chief Executive Elon Musk and former New York Mayor Mike Bloomberg.

Published 24 Jul, 2020 11:56am

Exchange

IHIG to build shopping malls in Pakistan

The first project under its real estate division is launched in the heart of Karachi as a part of IHIG’s investment expansion plans in Pakistan.

Published 24 Jul, 2020 11:05am

Technology

Intel chip delay forces shift to using more outside factories, shares drop

The setbacks will have little effect in the next few quarters, but will cause a years-long domino effect, delaying chips meant to counter the rise of rivals Advanced Micro Devices Inc and Nvidia Corp until late 2021 or even 2023.

Published 24 Jul, 2020 10:59am

Pakistan

Despite calls for unban, PUBG remains blocked in Pakistan

PTA informed that it has approached PUBG management to share data about PUBG sessions and users in Pakistan and controls in place by the company.

Published 24 Jul, 2020 10:16am

BR Research

New Social Contract

Once a domain of obscure political philosophers, the term ‘social contract’ has lately been popularised. The...

Published 24 Jul, 2020 08:17am

Currency

Chasing affordable power dream

The power regulator Nepra has finally issued hearing notices for monthly fuel price adjustments which have been long...

Published 24 Jul, 2020 08:17am

Currency

SNGP – 4Q drag earnings

Delay in announcing their financial result is common practice of gas utilities as they usually face a delay in...

Published 24 Jul, 2020 08:16am

BR Research

The talk about ban

Be careful of what you wish for. Once you ban something, it sometimes becomes quite hard to reverse it. There have...

Published 24 Jul, 2020 08:15am

BR Research

An interview with Shakir Gujjar – President, Dairy & Cattle Farmers Association

'Milk prices need to be uncapped’ Shakir Gujjar comes from a family of livestock farmers, who in his own words...

Published 24 Jul, 2020 08:14am

Middle East

Iran says Israeli figher jets intercepted passenger plane

The IRIB report cited unnamed sources as saying the fighter jets may have belonged to Israel or the United States.

Published 24 Jul, 2020 04:45am

Business & Finance

US airlines report losses as latest COVID-19 spike mars outlook

*"We expect air travel demand to remain depressed until a vaccine or therapeutics are available to combat the infection and spread of COVID-19," Kelly said.

Published 24 Jul, 2020 04:43am

World

Pompeo calls for 'free world' to triumph over China's 'new tyranny'

This week we closed down China's consulate in Houston because it was a hub of spying and IP theft, Pompeo said.

Published 24 Jul, 2020 04:41am

Beleaguered WTO: Exiting chief warns against 'big bang' reform

GENEVA: The World Trade Organization's exiting chief acknowledged Thursday that the body was facing "tremendous...

Updated 24 Jul, 2020 04:38am

UN calls for basic income to help world's poorest in virus fight

UNITED NATIONS: Nearly three billion of the world's poorest people should receive a temporary basic income to help...

Updated 24 Jul, 2020 04:38am

Pakistan

Sindh Assembly adopts four bills with majority vote

KARACHI: The Sindh Assembly on Thursday adopted four government's bills with a majority vote despite the ...

Updated 24 Jul, 2020 04:35am

Industry

Descon achieves 24 million safe man-hours without any LTI

LAHORE: Descon, Pakistan's leading engineering, construction and manufacturing enterprise, achieved an impressive 24...

Updated 24 Jul, 2020 04:33am

Europe

European Parliament warns could block EU budget

BRUSSELS: The European Parliament voted by a large majority on Thursday to demand changes to a draft long-term EU...

Updated 24 Jul, 2020 04:28am

Europe

UK, EU rule out quick post-Brexit deal

LONDON: Britain and the European Union on Thursday broke up their latest round of post-Brexit trade negotiations by...

Updated 24 Jul, 2020 04:27am

Europe

Europe virus infections soar past 3 million

BRUSSELS: Europe on Thursday recorded more than three million coronavirus cases, as EU lawmakers examined a massive...

Updated 24 Jul, 2020 04:27am

Money & Banking

HabibMetro & NIFT to offer digital payments through e-Pay

KARACHI: HabibMetro Bank and NIFT signed an agreement for digital commerce payments (electronic/mobile) through...

Updated 24 Jul, 2020 04:18am

Currency

Sterling falls on Barnier's view on Brexit talks

LONDON: Sterling fell on Thursday after the European Union's chief Brexit negotiator said that the UK had shown no...

Updated 24 Jul, 2020 04:16am

Money & Banking

Aussie, kiwi steady

SYDNEY: The Australian and New Zealand dollars paused on Thursday, having already notched up hefty gains for the...

Updated 24 Jul, 2020 04:16am

Business & Finance

Delivery services: TPL Trakker to power Foodpanda's mapping

KARACHI: Foodpanda Pakistan, Pakistan's leading delivery platform, has partnered with TPL Maps; Pakistan's only...

Updated 24 Jul, 2020 04:14am

Taxes

High incidence of taxes on imports: Under-invoicing, smuggling on the rise

LAHORE: Under-invoicing and smuggling are large due to high incidence of taxes on imports as 45 to 50 percent of the...

Updated 24 Jul, 2020 04:12am

Industry

Local car prices increase manifolds in two years

ISLAMABAD: Local car prices have increased manifolds in the last two years due to depreciation of the rupee,...

Updated 24 Jul, 2020 04:12am

Pakistan

IHC orders sealing of 'illegal' building

ISLAMABAD: The Islamabad High Court (IHC) on Thursday directed the secretary Cabinet and the chairman Capital...

Updated 24 Jul, 2020 04:12am

Industry

Airbus staff protest in Spain

MADRID: Thousands of Airbus employees staged protests outside production sites across Spain on Thursday over the...

Updated 24 Jul, 2020 04:11am

Business & Finance

Pak-China online fair held to boost CPhI trade

BEIJING: Pak-China Zhejiang Export Online 2020 Fair of Chemical Pharmaceutical Ingredient (CPhI) for Pakistan was...

Updated 24 Jul, 2020 04:09am

Business & Finance

South Korea reports worst economic performance in more than 20 years

SEOUL: South Korea's economy recorded its worst performance in more than 20 years in the second quarter, the central...

Updated 24 Jul, 2020 04:03am

Pakistan

Pakistan accuses India of increased shelling

CHIRIKOT SECTOR: Military this week said there had been an escalation in firing and shelling across the line of...

Updated 24 Jul, 2020 04:03am

Business & Finance

PM directs completion of Gwadar Port's allied projects

ISLAMABAD: Prime Minister Imran Khan Thursday while calling the strategically located Gwadar Port the guarantor of...

Updated 24 Jul, 2020 04:01am

Life & Style

Aaj TV - Friday'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 24 Jul, 2020 03:56am

Pakistan

Police seek FIA's help in identifying people running online kites business

LAHORE: The Punjab police have sought help of the Federal Investigation Agency (FIA) in identifying people running...

Updated 24 Jul, 2020 03:54am

USA

WHO chief rejects Pompeo charges as 'untrue' and 'unacceptable'

"When push came to shove, when it really mattered most", people died "because of the deal that was made", Tedros said.

Updated 24 Jul, 2020 03:53am

Pakistan

Petition dismissed

LAHORE: Justice Shams Mahmood Mirza of the Lahore High Court on Thursday dismissed a petition seeking ban on sale of...

Updated 24 Jul, 2020 03:52am

Exchange

PU, Chinese research institute sign MoU

LAHORE: The Punjab University's Institute of Quality & Technology Management and South Asian Standardization...

Updated 24 Jul, 2020 03:41am

Pakistan

TDAP organises NETP webinar

KARACHI: TDAP successfully organized webinar of National Exporters Training Programme (NETP) on Wednesday for the...

Updated 24 Jul, 2020 03:37am

Pakistan

PM directs to execute LDA City Apartments Project

LAHORE: Prime Minister Imran Khan has directed the Lahore Development Authority (LDA) to execute the LDA City...

Updated 24 Jul, 2020 03:37am

Pakistan

Judge declines to sit in bench hearing pre-arrest bail plea of Shahbaz

LAHORE: Justice Chaudhry Shahram Sarwar of the Lahore High Court declined to sit in the bench hearing pre-arrest ...

Updated 24 Jul, 2020 03:37am

Pakistan

Minister says difficult to post doctors in rural areas

LAHORE: Punjab Health Minister Dr Yasmeen Rashid has said that it is difficult to post doctors in the rural areas as...

Updated 24 Jul, 2020 03:32am

Pakistan

NAB cannot be abolished, says Sarwar

LAHORE: Governor Punjab Chaudhry Mohammad Sarwar has said that there is no threat of the opposition's All Parties...

Updated 24 Jul, 2020 03:32am

Pakistan

First smart school to be set up in Islamabad

ISLAMABAD: The first of its kind smart school structure designed by the world-renowned architect Zaha Hadid (the...

Updated 24 Jul, 2020 03:31am

90 projects of CPEC completed so far: Alvi

KARACHI: President Dr Arif Alvi on Thursday said that about 90 projects of the China Pakistan Economic Corridor...

Updated 24 Jul, 2020 03:28am

Consignments under WEBOC: Importers now required to wait till clearance process completes

ISLAMABAD: The importers are now required to wait for clearance of imported consignments under the Web-Based One...

Updated 24 Jul, 2020 03:27am

Technology

PM for ensuring provision of internet facility in far-flung, backward areas

ISLAMABAD: Prime Minister Imran Khan on Thursday directed to ensure the provision of internet facility with the best...

Updated 24 Jul, 2020 03:26am

Consular access to Jadhav: Govt fails to lay Ord after opposition's resistance

ISLAMABAD: In what came as a major setback to the Pakistan Tehreek-e-Insaf (PTI)-led federal government, the ...

Updated 24 Jul, 2020 03:25am

Business & Finance

Italian market: Pakistan registers growth despite Covid-19, lockdown: Jauhar

ROME: "Despite the Covid-19 propelled lockdown and supply chain disruptions, Pakistan has fared quite well by...

Updated 24 Jul, 2020 03:20am

Mortgage system: PM for making subsidy provision process for banks easy

ISLAMABD: Prime Minister Imran Khan has directed the Finance Division and the State Bank of Pakistan (SBP) that the...

Updated 24 Jul, 2020 03:20am

Exchange

RISE programme: $750 million financing pacts inked with WB and AIIB

ISLAMABAD: The government Thursday signed two financing agreements valuing $750 million with the World Bank (WB) and...