News Archives for Latest - 2020-08-03

<<>>

Archive - 2020-08-03

Sports

Meet long jump sensation Asif Magsi aka ‘Hero Pakistani’

The video made rounds across social media platforms today (Monday), where Asif can be seen jumping over 11 motorcycles.

Updated 03 Aug, 2020 11:44pm

Pakistan

Info ministry appoints Imran Ghazali as GM Digital Media Wing

The DWM is formed to ostensibly counter fake news that damages the federal government’s repute among social media users.

Updated 03 Aug, 2020 11:35pm

World

WHO warns there may never be a COVID-19 'silver bullet'

The novel coronavirus has killed nearly 690,000 people and infected at least 18.1 million since the outbreak emerged in Wuhan in China last December.

Published 03 Aug, 2020 11:03pm

Stocks

US stocks jump despite stalemate in Congress on relief

The broad-based S&P 500 also gained 0.8 percent to 3,297.97, while the tech-rich Nasdaq Composite Index jumped 1.4 percent to 10,896.85.

Published 03 Aug, 2020 09:21pm

Exchange

CBOT Trends - Wheat down 6-7 cents, soybeans up 3-5, corn up 1-2

Russian agriculture consultancy IKAR raised its forecast for Russia's 2020 wheat crop by 1.5 million tonnes to 79.5 million tonnes due to higher yields in the central and Volga regions.

Published 03 Aug, 2020 07:10pm

Europe

Czech jobless rate rises to 3.8% in July

The overall number of unemployed people rose to 278,824 in July from 269,637 in June, the data showed.

Published 03 Aug, 2020 07:08pm

Energy

Oil steady as virus fears counter positive factory data

From this month cuts will officially taper to 7.7 million bpd until December.

Published 03 Aug, 2020 07:07pm

USA

White House adviser Navarro questions Microsoft's China ties amid TikTok discussions

Asked on Fox News about Microsoft's comments that it was seeking to acquire the company.

Published 03 Aug, 2020 07:01pm

Business & Finance

France's Societe Generale plunges into loss on COVID hit

Societe Generale said the clear challenge now was to adapt to the changes brought by the pandemic.

Published 03 Aug, 2020 06:59pm

Perspectives

Killing the Curve in Pakistan: How Models Failed & Why Targeted Interventions Worked

An inherent weakness of statistical models is the representative agent, where a diverse population of a country with...

Updated 03 Aug, 2020 07:00pm

Stocks

Eurozone stocks climb, London steady at open

Frankfurt's DAX 30 index rose 0.6 percent to 12,390.33 points and the Paris CAC 40 added 0.3 percent to 4,798.38.

Published 03 Aug, 2020 06:57pm

Stocks

Tokyo stocks close higher on US rallies, cheap yen

The benchmark Nikkei 225 index gained 2.24 percent, or 485.38 points, to end at 22,195.38, while the broader Topix index advanced 1.78 percent, or 26.58 points, to 1,522.64.

Published 03 Aug, 2020 06:55pm

Exchange

JAL logs $885 million quarterly loss on pandemic

JAL said the pickup of international travel remained "unforeseeable".

Published 03 Aug, 2020 06:53pm

Exchange

Hong Kong stocks end in red

The Hang Seng Index fell 0.56 percent, or 137.22 points, to 24,458.13.

Published 03 Aug, 2020 06:51pm

USA

Flash floods, storm surge warning as Isaias barrels up US east coast

He said hotels had been set up so those seeking shelter could maintain social distancing, or to serve as shelters for people who had tested positive for the virus.

Published 03 Aug, 2020 06:50pm

Business & Finance

Turkey condemns oil deal between Syrian Kurds, US firm

Senior Washington officials have confirmed that a US oil company has signed an agreement with the Syrian Democratic Forces (SDF) to "modernise" oil fields under its control.

Published 03 Aug, 2020 06:44pm

Europe

Masks on as German children start new schoolyear under virus cloud

Strict rules have been drawn up to limit transmission of the new coronavirus, with cases across Germany rising above 500 per day in recent weeks.

Published 03 Aug, 2020 06:41pm

Business & Finance

Pharma giant Sanofi charged with manslaughter in birth defects case

Under the French legal system, charges do not automatically result in a trial as prosecutors can decide not to proceed based on a lack of evidence.

Published 03 Aug, 2020 06:40pm

Russia aims to produce 'millions' of virus doses by 2021

Gamaleya's vaccine is a so-called viral vector vaccine, meaning it employs another virus to carry the DNA encoding of the needed immune response into cells.

Published 03 Aug, 2020 06:38pm

Europe

German govt blasts 'unacceptable' virus curb abuses at Berlin protests

While the freedom to demonstrate was "important", the "images we saw this weekend were unacceptable", said Demmer.

Published 03 Aug, 2020 06:36pm

Money & Banking

HSBC profit slump adds to bank sector virus woes

Quinn referenced the bank's growing political vulnerability in Monday's results statement.

Published 03 Aug, 2020 05:46pm

World

Belgian virus cases in intensive care double in month

Most of the new wave of infections are among young adults, but nevertheless, Jacobs said, "The number of people admitted to intensive care has doubled since the beginning of July."

Published 03 Aug, 2020 05:44pm

World

John Hume: Northern Ireland's pragmatist peace-broker

As leader of the mainly Catholic Social Democratic and Labour Party (SDLP), he steadfastly sought -- and eventually achieved -- a non-violent path to reconciliation as the conflict killed almost 3,600.

Published 03 Aug, 2020 05:41pm

Asia

Briton jailed for stabbing husband to death in Malaysia

Samantha Jones killed John William Jones in 2018 in their house during a row in the early hours of the morning, which her lawyer said came after years of domestic abuse.

Published 03 Aug, 2020 05:37pm

World

PM urges France 'not to let down guard' to prevent new virus lockdown

In parts of the city it is now obligatory to wear masks outside to limit the contagion, a move that local authorities can now impose themselves.

Published 03 Aug, 2020 05:35pm

World

WHO says completes groundwork in China for virus origin probe

The WHO advance team that travelled to China has now concluded their mission to lay the groundwork for further joint efforts to identify the virus origins, the agency's chief Tedros Adhanom Ghebreyesus told a virtual press conference.

Published 03 Aug, 2020 05:33pm

Exchange

Prison raid mars relative calm in Afghanistan after ceasefire

The raid came a day after the country's intelligence agency announced the killing of a top IS commander near Jalalabad.

Published 03 Aug, 2020 05:28pm

Coronavirus toll at 1100 GMT Monday

At least 18,109,730 cases have been registered in 196 countries and territories. Of these, at least 10,505,100 are now considered recovered.

Published 03 Aug, 2020 05:26pm

Middle East

Lebanon foreign minister resigns in protest at crisis management

Local Lebanese media cited several reasons for his resignation, including reports that he was displeased with the way Lebanese officials were encroaching on his prerogatives and mishandling diplomatic ties.

Published 03 Aug, 2020 05:23pm

Europe

Outrage in Sweden after girl dies in 'drive-by' shooting

According to media reports, the girl was not the target in the "drive-by" shooting at a fast-food restaurant and the gunmen had been actually aiming at two members of a criminal gang instead.

Published 03 Aug, 2020 05:20pm

Europe

Protests damage statue of Belgian king outside museum

Ruling the Belgians between 1865 and 1909, Leopold II was revered at home as the builder of his country, but his legacy came under the spotlight this year as anti-racist protests spread around the world.

Published 03 Aug, 2020 05:16pm

Dr Faisal Sultan appointed as SAPM on Health

He has replaced Dr Zafar Mirza who resigned from the post last week.

Updated 03 Aug, 2020 04:41pm

Commodities

Inflation bites consumers in the first month of financial year

On month-on-month basis, the inflation rate increased by 2.5pc in July 2020 as compared to an increase of 0.8pc in the previous month and an increase of 1.8pc in July 2019.

Updated 03 Aug, 2020 04:35pm

Sports

Misbah and co. considering possibility of playing two spinner in first Test

The first Test will start on Wednesday in Manchester.

Updated 03 Aug, 2020 03:59pm

Perspectives

The Case of Dual Nationality Within Political Systems

Pakistan, once again, is embroiled in the controversy of dual citizens holding public offices. The latest...

Published 03 Aug, 2020 02:48pm

Sports

Sent off, police action for a cough? FA issues guidelines to referees

The instructions will come into force immediately and be applied at all levels of the game.

Published 03 Aug, 2020 02:31pm

Commodities

Gold soars to record high as virus fears lift safe-haven demand

Spot gold was steady at $1,973.75 per ounce by 0635 GMT, after hitting a record high of $1,984.66 in early Asian trade.

Published 03 Aug, 2020 02:34pm

Sports

Premier League start date too early for Chelsea: Lampard

Azpilicueta, Pulisic and Pedro picked up injuries during Chelsea's 2-1 defeat by Arsenal in the FA Cup final.

Published 03 Aug, 2020 02:27pm

Sports

Champions League ready to resume, at long last

UCL will move to Lisbon for the 'Final Eight' starting on August 12

Published 03 Aug, 2020 02:27pm

Sports

Serie A: Highs and lows of 2019-20 season

Juventus clinched that title for the 36th time as Sarri's side finished with 83 points.

Published 03 Aug, 2020 02:08pm

Sports

PCB clarifies stance on registration of cricket associations

The next step is to constitute interim committees to adopt the model constitution and run the affairs of the associations till the duly elected representatives take offices.

Published 03 Aug, 2020 02:04pm

Pakistan

Balochistan once again extends lockdown

Lockdown has been extended till August 17.

Updated 03 Aug, 2020 01:19pm

Industry

Record decline in raw hide price worries leather traders

On Eid-ul-Adha, leather traders are worried, after the low demand for raw leather in the local and international markets, the prices of leather have come down significantly.

Published 03 Aug, 2020 01:04pm

Industry

Pakistan’s BOP position to improve on back of low trade deficit, remittances; Study

The report was of the view that as the number of daily new cases and deaths are falling, the country is likely to remain open, lowering the odds of a domestic supply disruption.

Published 03 Aug, 2020 12:29pm

Shah Mahmood, Pervez Khattak visit LoC

They visited the border to express solidarity with the Kashmiri people.

Published 03 Aug, 2020 12:09pm

Industry

Including Pakistan, Kuwait bans flights to several 'high risk' countries

The countries include India, Pakistan, Egypt, the Philippines, Lebanon and Sri Lanka - all countries with large populations in Kuwait. The list also includes China, Iran, Brazil, Mexico, Italy and Iraq.

Published 03 Aug, 2020 12:07pm

Technology

TikTok owners will relocate to London from Beijing

ByteDance’s founders are to announce their intention to set up shop in London soon, the newspaper said, adding that the move was likely to upset U.S. President Donald Trump who has considered banning TikTok in the United States.

Published 03 Aug, 2020 11:16am

Industry

India's factory activity contracted at a sharper pace in July

Reinforcing that grim outlook, the Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, fell to 46.0 last month from 47.2 in June, below the 50-level separating growth from expansion for a fourth straight month and marking its longest spell of contraction since March 2009.

Published 03 Aug, 2020 11:12am

Punjab ends lockdown earlier than scheduled

The govt said the decision was taken after encouraging results from smart samples collected from cattle markets.

Published 03 Aug, 2020 10:53am

Business & Finance

COVID-19 to hit hard Pakistan’s remittance inflows: ADB

“The COVID-19 pandemic is expected to hit remittances hard in Asia and the Pacific. In 2019, 6 of the 10 largest remittance recipients globally were from this region—India, the People’s Republic of China (PRC), the Philippines, Pakistan, Bangladesh, and Vietnam,” said ADB in its report.

Published 03 Aug, 2020 10:36am

Business & Finance

ADB sees pandemic slashing 2020 global remittances by over $100 billion

Money sent to Asia, where about a third of migrant workers worldwide come from, could fall by $54.3 billion, or about a fifth of baseline remittances, the Manila-based lender said in the report released on Monday.

Published 03 Aug, 2020 10:10am

Business & Finance

Asia's factory pain eases as China's activity jumps

But worries about a second wave of infections may weigh on global demand and business sentiment, keeping any rebound in Asia’s factory output feeble, some analysts say.

Published 03 Aug, 2020 10:07am

Technology

Samsung crafts India comeback as anti-China wave surges

Samsung, the only major non-Chinese player in the country, has already begun to gain ground, and a surge in anti-China sentiment in India following a border clash in June is expected to provide a fresh boost.

Published 03 Aug, 2020 10:04am

Commodities

Oil falls on supply glut fears as OPEC+ set to boost output

Brent crude futures slid 26 cents, or 0.6%, to $43.26 a barrel by 0253 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 29 cents, or 0.7%, at $39.98 a barrel.

Published 03 Aug, 2020 10:01am

Technology

Microsoft to continue talks to buy TikTok from ByteDance

The company made the statement following a conversation between is CEO Satya Nadella and U.S. President Donald Trump. It said it would ensure that all private data of TikTok’s American users is transferred to and remains in the United States.

Published 03 Aug, 2020 09:59am

Kerb

TikTok owner ByteDance accuses Facebook of 'plagiarism and smears'

The Chinese firm also said it faced “complex and unimaginable difficulties” as it worked to grow into global company.

Published 03 Aug, 2020 09:57am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	277.85
USD PKR Interbank Buying / Jan 1	277.65
USD to Japanese Yen / Jan 1	154.78
USD to Swiss Franc / Jan 1	0.89
Pound Sterling to USD / Jan 1	1.26
Euro to USD / Jan 1	1.05

Stock	Volume
S&P 500 / Jan 1	5,969.34
India Sensex / Jan 1	79,117.11
Tokyo Nikkei / Jan 1	38,283.85
Nasdaq / Jan 1	18,003.65
Hang Seng / Jan 1	19,229.97
FTSE 100 / Jan 1	8,262.08
Dow Jones / Jan 1	44,296.51
Germany DAX 30 / Jan 1	19,322.59
France CAC40 / Jan 1	7,255.01

Item	Value
Petrol/Litre / Jan 1	248.38
Crude Oil USD/Barrel / Jan 1	70.18
Karachi Cotton PKR/37.32 KG / Jan 1	17,785
Gold 10 Grams PKR / Jan 1	240,483
Gold Spot USD/Ounce / Jan 1	2,691.90
Diesel/Litre / Jan 1	255.14
Cotton US¢/pound / Jan 1	70.12

Gainers
Losers
Leaders

Stock	Price
Tariq Corp. (R) / Jul 7 Tariq Corporation Limited(Right)(TCORPR2)	6.42 ▲ 1 (18.45%)
Baba Farid Sugar / Jul 7 Baba Farid Sugar Mills Limited(BAFS)	356.50 ▲ 32.41 (10%)
Cresent Jute / Jul 7 Crescent Jute Products Limited(CJPL)	15.29 ▲ 1.39 (10%)
Cordoba Logistics / Jul 7 Cordoba Logistics & Ventures Limited(CLVL)	24.65 ▲ 2.24 (10%)
Fateh Sports / Jul 7 Fateh Sports Wear Limited(FSWL)	216.87 ▲ 19.72 (10%)
IbrahimFibres / Jul 7 Ibrahim Fibres Limited(IBFL)	328.36 ▲ 29.85 (10%)
Pak Leather Crafts / Jul 7 Pak Leather Crafts Limited(PAKL)	60.40 ▲ 5.49 (10%)
Prosperity Weav / Jul 7 Prosperity Weaving Mills Limited(PRWM)	75.76 ▲ 6.89 (10%)
S.G.Power / Jul 7 S.G. Power Limited(SGPL)	129.07 ▲ 11.73 (10%)
Zahid Jee Textile / Jul 7 Zahidjee Textile Mills Limited(ZAHID)	79.88 ▲ 7.26 (10%)

Stock	Price
Hala Enterprise / Jul 7 Hala Enterprises Limited(HAEL)	33.02 ▼ -3.67 (-10%)
Tandlianwala Sugar / Jul 7 Tandlianwala Sugar Mills Limited(TSML)	809.92 ▼ -89.99 (-10%)
First Fid. Leasing / Jul 7 First Fidelity Leasing Modaraba(FFLM)	19.47 ▼ -2.16 (-9.99%)
First IBL Mod. / Jul 7 First IBL Modaraba(FIBLM)	12.36 ▼ -0.83 (-6.29%)
Din Tex. / Jul 7 Din Textile Mills Limited(DINT)	75.11 ▼ -4.65 (-5.83%)
Grays Leasing / Jul 7 Grays Leasing Limited(GRYL)	20.32 ▼ -1.04 (-4.87%)
Intermarket Securities / Jul 7 Intermarket Securities Limited(IMS)	21.80 ▼ -1.06 (-4.64%)
D.M. Corporation / Jul 7 D.M. Corporation Limited(DMC)	191 ▼ -8.99 (-4.5%)
Saif Textile / Jul 7 Saif Textile Mills Limited(SAIF)	44.45 ▼ -2.07 (-4.45%)
Ahmad Hassan / Jul 7 Ahmad Hassan Textile Mills Limited(AHTM)	86.59 ▼ -3.94 (-4.35%)

Stock	Volume
TPL Properties / Jul 7 TPL Properties Limited(TPLP)	50,556,858 ▲ 0.97
B.O.Punjab / Jul 7 The Bank of Punjab(BOP)	23,183,830 ▲ 0.48
TPL REIT Fund I / Jul 7 TPL REIT Fund I(TPLRF1)	21,563,613 ▲ 0.11
Pak Elektron / Jul 7 Pak Elektron Limited(PAEL)	9,762,059 ▲ 0.68
First Fid. Leasing / Jul 7 First Fidelity Leasing Modaraba(FFLM)	9,099,669 ▼ -2.16
WorldCall Telecom / Jul 7 Worldcall Telecom Limited(WTL)	5,526,898 ▲ 0.02
Ghani Chem. Ind. / Jul 7 Ghani Chemical Industries Limited(GCIL)	5,257,300 ▼ -0.6
TPL Corp Ltd / Jul 7 TPL Corp Limited(TPL)	5,188,218 ▲ 0.37
PIA Holding Co.Ltd / Jul 7 PIA Holding Company Limited(PIAHCLA)	5,163,566 ▲ 0.54
Pak Stock Exchange / Jul 7 Pakistan Stock Exchange Limited(PSX)	4,386,732 ▲ 1.54

Most Popular