News Archives for Latest - 2020-08-11

Sports

Konta in good spirits day after health scare at Top Seed Open

The world No. 15 needed medical attention just minutes into her opening round match in Lexington, Kentucky, on Monday, before she was able to continue playing.
Not the result I wanted, however so incredibly grateful to be competing again.

Published 11 Aug, 2020 11:54pm

Stocks

S&P 500 nears record high on stimulus bets

S&P 500, Dow rise for 8th straight session.
Tech-laden Nasdaq slips for 3rd consecutive session.
Rotation from growth stocks to value extends.
Indexes up: Dow 0.97%, S&P 0.48%, Nasdaq 0.10%.

Published 11 Aug, 2020 11:52pm

Sports

Halep labours to victory on comeback at Prague Open

Having secured a crucial break to move 5-3 ahead in the third set, Halep dropped her own serve before squandering three match points.
"I'm happy because I could win after a six-month break," the 28-year-old Romanian told a news conference.

Published 11 Aug, 2020 11:50pm

Industry

Lucid says its new electric sedan is first EV with 500-mile range

The Lucid Air has an estimated range of 517 miles (832 km), as verified in independent testing, Lucid said.
Lucid Chief Executive Peter Rawlinson told Reuters the Air initially will be priced "well north of" $100,000

Published 11 Aug, 2020 11:39pm

Technology

Twitter users can now control who replies to their tweet

Users can select from three sets of people - everyone, only people they follow and only people they mention in the tweet.
The microblogging site, which started testing the feature in May, added that all users can continue to like and retweet posts.

Published 11 Aug, 2020 11:37pm

Commodities

Corn futures tread water as farmers assess US storm damage

Winds flattened corn fields, damaged bins Monday.
Analysts still expect large US harvest.
Traders await USDA supply-demand report Aug. 12.

Published 11 Aug, 2020 11:34pm

Energy

US natural gas output, demand to fall due to coronavirus lockdowns

It also projected gas consumption would fall to 82.42 bcfd in 2020 and 78.71 bcfd in 2021, from a record 84.97 bcfd in 2019.
That would be the first annual decline in consumption since 2017 and the first time demand has fallen for two consecutive years since 2006.

Published 11 Aug, 2020 11:32pm

Technology

Facebook removes 7mn posts for sharing false information on coronavirus

The company said it would invite external experts to independently audit the metrics used in the report, beginning 2021.
Facebook said it relied more heavily on automation technology for reviewing content during the months of April, May and June.

Published 11 Aug, 2020 11:31pm

Companies

Nigeria opens pipeline, depot repair to private investors

Built in the 1970s, the pipeline network is crucial to getting crude oil to NNPC's three refinery complexes.
The refineries themselves have run only sporadically, and NNPC shut them down earlier this year while they await repairs and upgrades.

Published 11 Aug, 2020 11:26pm

Sports

Spurs sign Southampton's Hojbjerg, Walker-Peters joins Saints

Hojbjerg made 134 appearances for Southampton in all competitions after joining the south-coast club from Bundesliga side Bayern Munich in 2016.
"What was very important for me is that I wanted to play in a club where I could see myself for many years.

Published 11 Aug, 2020 11:22pm

Europe

UK reports highest daily total COVID cases since June 21 at 1,148

The cumulative total of UK cases stood at 312,789, government data showed.
More than 46,000 people have died of the disease in the United Kingdom, the highest toll in Europe.

Published 11 Aug, 2020 11:19pm

USA

US CDC reports 5,064,171 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 11 Aug, 2020 11:17pm

USA

Watchdog finds US did not weigh civilian risks when pushing Saudi arms sales

Congress had requested an investigation into the Trump administration's May 2019 decision to push ahead with $8 billion in military sales to Saudi Arabia and other countries.
Mike Pompeo did not sit down for an interview for the report, instead submitting a written statement.

Published 11 Aug, 2020 11:14pm

Commodities

Cotton futures jump over 1pc on hopes for more Chinese demand

The weather in west Texas remains extremely dry and it's still impacting production over there.
Weaker US dollar is promoting ideas of better demand which we really need because demand up until now has been pretty bad... Apparently.

Published 11 Aug, 2020 11:12pm

Forex

Dollar skids; euro tops $1.18 after German sentiment survey

German ZEW economic survey boosts euro amid thin liquidity.
Fiscal stalemate, China tensions help put floor on dollar.
Dollar hits three-week high vs yen.
Oil currencies flourish as oil prices rise.

Published 11 Aug, 2020 11:10pm

Industry

British Airways reaches deal in principle with some Heathrow staff

I am pleased to report we have made significant progress in these areas with both unions which will help us to save jobs and mitigate the impact of redundancies.
Customer-facing ground staff at Heathrow will not face compulsory redundancy, said the Financial Times.

Published 11 Aug, 2020 11:02pm

Exchange

Forex reserves up from $8.5bn to $12.5bn, current account deficit cut from $20bn to $3bn in 2 years, cabinet told

Due to the government's prudent economic policies, the foreign exchange reserves of State Bank of Pakistan had increased from $ 8.5 billion to $12.5 billion, he added.

Published 11 Aug, 2020 09:06pm

Pakistan

NA rejects bill to increase fee to contest elections

He said that fee should not be enhanced because it would put financial burden on the poor contestants.

Published 11 Aug, 2020 09:02pm

Stocks

US stocks open mostly higher on Trump tax cut idea

Lower taxes on selling investments like stocks will usually set investors cheering, but the tech-rich Nasdaq was not impressed, and continued its downward slide.

Published 11 Aug, 2020 08:50pm

Europe

Germany questions 'quality, safety' of Russian vaccine

"There is no known data on the quality, efficacy and safety of the Russian vaccine."

Published 11 Aug, 2020 08:48pm

Middle East

Turkish drone kills 2 Iraqi officers in Kurdish region: army

The strike killed the two border guard battalion commanders and the driver of their vehicle, the army said.

Published 11 Aug, 2020 08:46pm

Europe

UK schools start to reopen despite increase in virus cases

Scotland's devolved government has ordered pupils in different parts of the country to return gradually through this week.

Updated 11 Aug, 2020 08:46pm

Pakistan

9 new COVID-19 positive cases reported in AJK

The State Health Services authorities confirmed the registration of 09 new cases in AJK – which include 08 in Poonch districts and only one in Mirpur district.

Published 11 Aug, 2020 08:11pm

Corps commanders discuss geostrategic situation, internal security

The forum appreciated the progress of Afghan reconciliation process and hoped for early commencement of intra-Afghan dialogue

Published 11 Aug, 2020 07:55pm

Pakistan

Role of youth pivotal in making Naya Pakistan: CM

He expressed satisfaction that the Tiger Force was engaged in public service, adding that investment in youth was the priority of the government as it had a tremendous potential.

Published 11 Aug, 2020 08:09pm

Pakistan

Pakistan believes in freedom to minorities: Governor Punjab

The seminar was held under the auspices of Human Rights and Minority Affairs Department.

Published 11 Aug, 2020 08:06pm

Pakistan

CM seeks report on hooliganism incident outside NAB office

He directed that legal action be initiated against those involved in the incident and said no one can be allowed to take the law into one's own hand as rule of law would be fully ensured.

Published 11 Aug, 2020 08:05pm

Pakistan

Fakhar for modernising agriculture sector to achieve set economic goals

As per Rules of Business, MinNFS&R is a policy planner for country's agriculture and despite 18th amendment, MinNFS&R and provincial agricultural departments must work in harmony.

Published 11 Aug, 2020 07:50pm

Pakistan

Dream of Islamic welfare state can't be materialized without minorities welfare: Shibli

The minister said that the minority community was playing an important role in the development of the motherland.

Published 11 Aug, 2020 07:48pm

Pakistan

First Ehsaas Nash-o-Numa Centre set up at Upper Dir: Dr. Nishtar

She said the Prime Minister, Imran Khan would soon launch the Ehsaas Nash-o-Numa program officially.

Published 11 Aug, 2020 07:46pm

Pakistan

531 fresh coronavirus cases reported, 15 persons die in last 24 hours: NCOC

From out of 6,112 deaths reported in country due to COVID-19, some 2,282 people had lost their lives in Sindh.

Published 11 Aug, 2020 07:40pm

Pakistan

OGRA rejects news regarding refreshment expenditures

OGRA further clarified that there was no facility of club membership in the authority nor it was allowed.

Published 11 Aug, 2020 07:24pm

Pakistan

429 new cases of COVID-19 detected, 8 more died: CM Sindh

He added that 429 new cases emerged when 10050 tests were conducted that constituted four per cent current detection rate.

Published 11 Aug, 2020 07:20pm

Pakistan

Power Division starts reviewing DISCOs performances on monthly basis: Omar

Efficiency of the power sector could only be improved through provision of best facilities to consumers, prompt redressal of complaints, availability of transformers.

Published 11 Aug, 2020 07:18pm

USA

Trump says men may be 'insulted' by Biden's female VP pledge

"He roped himself into a certain group of people," Trump told Fox Sports Radio in an early morning phone-in interview.

Published 11 Aug, 2020 07:18pm

Pakistan

Governor Sindh invited to attend opening ceremony of BRT Peshawar

Chief Minister Khyber Pakhtunkhwa Mahmood Khan extended the invitation through telephone to Sindh Governor Imran Ismail, said a spokesperson to the Sindh Governor.

Published 11 Aug, 2020 07:16pm

Stocks

Stock markets surge on US stimulus hopes

European equities got an extra shot in the arm from economic surveys painting a brighter picture than had been feared for the area's recovery prospects.

Updated 11 Aug, 2020 07:17pm

NAB has no relation with any political party or group; all activities conducted as per Constitution & law: NAB

NAB immediately suspended Maryam Nawaz's appearance and strongly condemned that PML-N workers tried to interfere in legal proceedings in an organized manner.

Published 11 Aug, 2020 07:13pm

Pakistan

Advisor regrets party workers use for personal gains

He said the legal aspect of such childish use of party workers could be probed by judiciary as media footage clearly showed the attack at NAB office was planned.

Published 11 Aug, 2020 07:10pm

Stock markets witness continuous stability as economic conditions improve: Faraz

Information minister says State Bank's reserves have reached $12.5 billion which is a welcoming sign

Updated 11 Aug, 2020 06:15pm

PML-N's hooliganism exposed: Raja Basharat

He said that action would be taken against the culprits responsible, adding that no one would be allowed to take the law into their hands.

Published 11 Aug, 2020 05:46pm

Coronavirus toll at 1100 GMT Tuesday

At least 20,122,700 cases of coronavirus have been registered in 196 countries and territories. Of these, at least 12,080,900 are now considered recovered.

Published 11 Aug, 2020 05:45pm

WHO wants to review Russian vaccine safety data

President Vladimir Putin said Russia had become the first country to approve a vaccine offering "sustainable immunity" against the new coronavirus.

Published 11 Aug, 2020 05:43pm

World

Coronavirus infections stabilise in Australia's virus epicentre

Daily infections in Victoria peaked at 725 on Aug. 5 and have been trending lower in recent days, following the imposition of a hard lockdown in Melbourne on July 19.

Published 11 Aug, 2020 05:04pm

Supreme Court orders to place K-Electric chief's name on ECL

Justice Gulzar also ordered to conduct an audit of the power company

Published 11 Aug, 2020 05:02pm

Commodities

CBOT wheat may seek support in $4.88-$4.90 range

The range is formed by the 161.8pc projection level of a downward wave c from $5.44 and the 76.4pc retracement of the uptrend from $4.71 to $5.51-3/4.

Published 11 Aug, 2020 05:03pm

Sports

Dortmund's Sancho to stay until 2023-club

The England International has been the target of several top clubs with ongoing speculation of a possible transfer to the English Premier League.

Updated 11 Aug, 2020 05:03pm

Stocks

S.Korea shares scale two-year high on recovery, US stimulus hopes

The benchmark KOSPI closed up 32.29 points, or 1.35pc, at 2,418.67, its highest close since June 14, 2018.

Published 11 Aug, 2020 05:01pm

Stocks

Stimulus hopes boost London stocks; IHG jumps

The Holiday Inn owner gained 4pc as it said it was seeing some "very early" signs of returning demand as coronavirus-related restrictions eased in major markets.

Published 11 Aug, 2020 04:59pm

Forex

South African rand weakens in cautious trade

At 0700 GMT the rand was 0.07pc weaker at 17.7000 per dollar, having touched 17.7800 overnight, its weakest level in close to 12 weeks.

Published 11 Aug, 2020 04:57pm

Europe

Russia's coronavirus case tally nears 900,000

The official death toll rose to 15,131 after authorities said in their daily coronavirus report that 130 people had died in the previous 24 hours.

Published 11 Aug, 2020 04:52pm

Stocks

China stocks end lower as Sino-US tensions weigh

At the close, the Shanghai Composite index was down 1.15pc at 3,340.29, while the blue-chip CSI300 index was down 0.91pc.

Published 11 Aug, 2020 04:50pm

Energy

UK GAS-Prices decline amid oversupply

The day-ahead contract was down by 0.50 pence at 19.50 pence per therm from the previous settlement by 0731 GMT.

Published 11 Aug, 2020 04:48pm

World

Pompeo in Prague at start of central Europe visit

On Tuesday, Pompeo will join his Czech counterpart Tomas Petricek on a trip to Plzen (Pilsen) to pay tribute to US troops that liberated the western Czech city in 1945.

Published 11 Aug, 2020 04:48pm

Commodities

LME copper eases on stronger dollar, rising Sino-US tension

The most-traded September copper contract on the Shanghai Futures Exchange closed up 0.1pc to 50,340 yuan ($7,237.44) a tonne.

Published 11 Aug, 2020 04:46pm

Stocks

Tokyo stocks close higher after US gains

The benchmark Nikkei 225 index rose 1.88 percent, or 420.30 points, to end at 22,750.24, while the broader Topix index gained 2.54 percent, or 39.22 points, to 1,585.96.

Published 11 Aug, 2020 04:46pm

Stocks

European stocks rally at open

London's benchmark FTSE 100 index grew 0.9 percent to 6,107.75 points.

Published 11 Aug, 2020 04:45pm

Currency

Dollar clings to one-week high after weeks of losses

The euro has been bolstered recently by views that the continent was outperforming the United States and handling the coronavirus pandemic much better.

Published 11 Aug, 2020 04:43pm

Africa

Gunmen kill 13 villagers in central Nigeria: police

The attack on Edikwu in the Apa district on Monday, also left several people injured and many houses burnt, said Catherine Anene, the state police spokeswoman.

Published 11 Aug, 2020 04:43pm

Stocks

Most Asian markets rise with eyes on trade talks, stimulus

There was also some relief that China did not include any members of Donald Trump's administration in a group of 11 Americans hit with sanctions, in retaliation to a similar US move last week linked to the Hong Kong row.

Published 11 Aug, 2020 04:42pm

Commodities

Gold hastens retreat, dips below $2,000 on firm dollar

Making gold more expensive for holders of other currencies, the dollar gained and US bond yields rebounded from multi-month lows.

Published 11 Aug, 2020 04:41pm

Business & Finance

Hong Kong imports to be labelled 'made in China': US customs

Among the biggest categories of these imports were electrical machinery, precious metals and stones, and plastics.

Published 11 Aug, 2020 04:39pm

Stocks

Abu Dhabi index leads major Gulf markets higher

Saudi Arabia's benchmark index was up 0.2pc, with Al Rajhi Bank rising 0.7pc and oil giant Saudi Aramco increasing 0.3pc.

Published 11 Aug, 2020 04:39pm

Commodities

NY coffee may fall into $1.0870-$1.1035 range

Resistance is at $1.13, established by a falling channel, a break above which may lead to a gain limited to $1.1395.

Published 11 Aug, 2020 04:37pm

Business & Finance

SoftBank back to black with $12bn profit after record losses

It said it would not offer a forecast "due to numerous uncertainties affecting earnings."

Published 11 Aug, 2020 04:35pm

Currency

Turkey central bank cuts cheap dealer funding in latest lira move

The cost of funding will likely increase to 9.75pc as a result of Tuesday's step, compared to an expected level of 9-9.5pc before the move, the trader told Reuters.

Published 11 Aug, 2020 04:34pm

Pakistan

NAB being used as tool for political revenge, says Maryam Nawaz

PML-N vice president says NAB does not have any proof of corruption against her and she is being victimized

Updated 11 Aug, 2020 04:36pm

Africa

Sudan says 13 killed in ethnic clashes in Port Sudan

Violence broke out in the eastern city of Port Sudan on Sunday evening, the SUNA news agency said, quoting medics who had treated the wounded.

Published 11 Aug, 2020 04:33pm

Money & Banking

Hungary central bank says key inflation gauge 4.1pc in July vs 3.5pc in June

The official inflation rate jumped to 3.8pc from 2.9pc in the prior month, while core inflation rose to a seven-year high of 4.5pc year-on-year.

Published 11 Aug, 2020 04:32pm

Business & Finance

Indian airline IndiGo to fight virus woes with $534mn share issue

The pandemic has dealt a sharp blow to India's aviation industry, which had seen tremendous growth in recent years.

Published 11 Aug, 2020 04:31pm

Forex

Russian rouble firms towards 73 vs dollar, stocks inch higher

The rouble is regaining ground after a steep slide in July when investors in Russian stocks converted their rouble-denominated dividends into other currencies.

Published 11 Aug, 2020 04:30pm

Asia

New Zealand announces return of coronavirus after 102 days

As a result, New Zealanders had been enjoying a near-normal lifestyle with no social distancing and spectators allowed at sports and cultural events.

Published 11 Aug, 2020 04:30pm

Forex

Pound stuck below $1.31 as job losses soar

It hit a March 2020, high of $1.3185 last week. Versus the euro, it drifted to a one-month high of 89.72 pence.

Published 11 Aug, 2020 04:25pm

Europe

Vote challenger makes 'difficult decision' to leave Belarus

"I have made a very difficult decision," a distressed-looking Tikhanovskaya said in a short video address.

Published 11 Aug, 2020 04:25pm

Europe

Poland ready to mediate between Lukashenko, opposition: foreign minister

Poland is ready to act as a mediator between Belarus opposition and president Lukashenko.

Published 11 Aug, 2020 04:22pm

Commodities

Taiwan's MFIG tenders to buy up to 65,000 tonnes corn

Shipment is between Oct. 28 and Nov. 16 if the corn is sourced from the US Gulf, Brazil or Argentina, they said.

Published 11 Aug, 2020 04:23pm

Asia

Singapore reports 61 coronavirus cases, lowest daily count in 4 months

The city-state went into a lockdown in mid-April after mass outbreaks in cramped migrant worker dormitories pushed its caseload to one of the highest in Asia.

Published 11 Aug, 2020 04:21pm

Business & Finance

German investor confidence hits highest level since 2004

The survey's figure for investor confidence in the eurozone also creeped up -- by 4.4 points to 64.0.

Published 11 Aug, 2020 04:21pm

South Asia

Philippines records 2,987 more coronavirus infections, 19 deaths

A health ministry bulletin also reported 19 more fatalities, bringing the country's death toll to 2,312.

Published 11 Aug, 2020 04:20pm

World

Greece seeks emergency EU meeting on Turkey: PM

Tensions were stoked Monday when Ankara sent the research ship Oruc Reis off the Greek island of Kastellorizo, where Turkey disputes Greek maritime rights.

Published 11 Aug, 2020 04:18pm

South Asia

Hong Kong reports 33 new coronavirus cases, in sharp decline from recent weeks

Since late January, over 4100 people have been infected in Hong Kong, 58 of whom have died.

Published 11 Aug, 2020 04:19pm

Europe

UK job losses hit decade-high, worse seen ahead

Led by a record plunge in the self-employed, 220,000 fewer people were working in the three months through June, official figures showed on Tuesday.

Published 11 Aug, 2020 04:17pm

Energy

Turkey vows to step up gas exploration in east Med

The search for oil and gas has long been a source of tension between NATO allies Greece and Turkey, which have deteriorated as Ankara resumes exploration activities.

Published 11 Aug, 2020 04:17pm

Vegetable Oil

Bhutan in virus lockdown for the first time

As of midday, the health ministry had traced 210 people suspected to have come in contact with her, the prime minister's office said.

Published 11 Aug, 2020 04:16pm

Commodities

Iran's SLAL tenders for 250,000 tonnes of corn, soymeal

In its last reported tender on July 20 SLAL purchased about 200,000 tonnes of feed corn and around 350,000 tonnes of soymeal.

Published 11 Aug, 2020 04:15pm

Stocks

Europe near 3-week high as auto, travel shares surge

The pan-European STOXX 600 index rose 1.6pc, led again by a rally in sectors more exposed to economic swings like travel and leisure, miners and energy firms.

Published 11 Aug, 2020 04:13pm

Stocks

World stocks rise, markets bet on U.S. Congress stimulus deal

MSCI's global equity index rose 0.4pc while a benchmark of Asian shares outside Japan gained nearly 1pc. Japan's Nikkei climbed 1.9pc.

Published 11 Aug, 2020 04:10pm

Energy

Oil higher on hopes for US stimulus, demand recovery

Brent crude added 29 cents, or 0.6pc, to $45.28 a barrel, by 0819 GMT. West Texas Intermediate US crude rose 38 cents, or 0.9pc, to $42.32 a barrel.

Published 11 Aug, 2020 04:08pm

Stocks

Hong Kong shares end higher as consumer stocks rally on strong China demand

Snapping a three-day losing streak, the Hang Seng index rose 2.1pc to close at 24,890.68, while the China Enterprises Index gained 1.6pc, to 10,153.40.

Published 11 Aug, 2020 04:07pm

Industry

Rolls-Royce to carry out extra inspections on some Trent XWB engines

Rolls-Royce said on Tuesday that the issue would not cause significant customer disruption or material cost, as it affected a small number of XWBs of a certain age.

Published 11 Aug, 2020 03:55pm

Money & Banking

China's new bank loans in July fall more than expected to $143bn

Annual growth of outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, quickened to 12.9pc in July from 12.8pc in June.

Published 11 Aug, 2020 03:52pm

Technology

TPL Trakker, Bykea partners to improve Mobile Application

TPLT will be integrating its state of the art Location Based Service Application Programming Interface with Bykea’s all-in-one Mobile Application.

Published 11 Aug, 2020 03:40pm

World

Worldwide coronavirus cases cross 20.15 million, death toll at 735,369

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Published 11 Aug, 2020 03:51pm

Forex

Ugandan shilling edges up against the dollar

At 0902 GMT, commercial banks quoted the shilling at 3,665/3,675, slightly up from Monday's close of 3,670/3,680.

Published 11 Aug, 2020 03:50pm

Forex

Euro up after ZEW survey; dollar near one-week high after weeks of losses

The dollar was up 0.1pc against the Japanese yen at 106.06 as US 10-year Treasury yields rose to two-week highs before a quarterly US refunding auction on Tuesday.

Published 11 Aug, 2020 03:47pm

World

WHO says discussing new COVID-19 vaccine with Russia

President Vladimir Putin said on Tuesday that Russia had become the first country in the world to grant regulatory approval to a COVID-19 vaccine after less than two months of human testing.

Published 11 Aug, 2020 03:45pm

Forex

Kenya's shilling holds steady against the dollar

At 0919 GMT, commercial banks quoted the shilling at 108.10/30, barely changed from Monday's close of 108.00/20.

Published 11 Aug, 2020 03:44pm

Financial

Indonesia raises 22 trln rupiah from debt auction, finmin says

The weighted average yields of the bonds were below those achieved for comparable bonds at the previous auction on July 28.

Published 11 Aug, 2020 03:43pm

Commodities

Gold drops below $2,000 as dollar holds gains and shares bounce

Spot gold fell 1.9pc to $1,989.77 an ounce by 0952 GMT, retreating from last week's record high of $2,072.50. US gold futures declined 1.8pc to $2,003.10.

Published 11 Aug, 2020 03:41pm

Commodities

Copper dips as US-China tensions simmer, economy weighs

Investors were reminded of the consequences of the virus as the number of people in work in Britain suffered the biggest drop in a decade.

Published 11 Aug, 2020 03:38pm

World

NZ locks down biggest city after first local case of coronavirus in 102 days

"This is something we have prepared for," Ardern said in a surprise news conference, adding that the increased caution was as the source of the virus was unknown.

Published 11 Aug, 2020 03:32pm

Middle East

Turkey says it will license new Mediterranean areas this month

NATO allies Turkey and Greece are at odds over overlapping claims for hydrocarbon resources in the eastern Mediterranean.

Published 11 Aug, 2020 03:28pm

Pakistan

Dawood Foundation, Allied Bank partner to establish High Dependency Unit at Indus Hospital for COVID-19 patients

The Dawood Foundation and Allied Bank Limited will be making an equal contribution of PKR 9.35 million for this initiative.

Published 11 Aug, 2020 03:31pm

Sports

Wasim Akram wants Fawad Alam in second Test against England

The visitors suffered three-wicket defeat in the first Test at Old Trafford, Manchester.

Updated 11 Aug, 2020 03:11pm

Business & Finance

Dolmen City waives off rentals as COVID pandemic persists

These measures will provide essential cash flow relief to tenant partners already affected by the closure of the business.

Published 11 Aug, 2020 02:55pm

Russia becomes first country to approve a COVID-19 vaccine, says Putin

Putin says the vaccine, developed by Moscow's Gamaleya Institute, is safe and that it had even been administered to one of his daughters

Published 11 Aug, 2020 02:36pm

Pakistan

Maryam Nawaz's NAB appearance canceled after PML-N workers, police clash outside office

Maryam alleged that police broke her vehicle's window by pelting stones.

Published 11 Aug, 2020 02:40pm

Sports

New Zealand set to host Pakistan during upcoming home season

All international arrivals into New Zealand are currently required to spend at least 14 days in strictly supervised quarantine.

Published 11 Aug, 2020 02:12pm

Sports

Are the stars aligning for Atletico in the Champions League?

Simeone's side are glowing with confidence after knocking holders Liverpool out in March.

Updated 11 Aug, 2020 02:11pm

Sports

Solskjaer hoping for semi-final success at third attempt

United laboured to dispose FC Copenhagen, with their 21st penalty kick of the season, converted by Bruno Fernandes.

Published 11 Aug, 2020 01:41pm

Exchange

UAE port and logistics giant keen to invest in Pakistan

The interest was shown by a UAE delegation headed by Mohammed Al-Muallem, Managing Director of a UAE company, DP World.

Published 11 Aug, 2020 01:40pm

Sports

Is this Neymar's time in the Champions League? Injury-hit PSG hope so

Mbappe is expected to be on the bench at best as he battles to shake off an ankle injury suffered last month.

Published 11 Aug, 2020 01:41pm

World

Norway presents medals to Rafiq, Iqbal on one-year anniversary of Al-Noor mosque terror attack

Both of them apprehended the attacker until police arrived.

Updated 11 Aug, 2020 01:40pm

Improved COVID-19 situation can worsen if people stop taking precautions: Asad Umar

He urged people to strictly follow the precautionary measures to completely overcome the pandemic.

Published 11 Aug, 2020 12:35pm

BR Research

Indus Motors: Ever bold

It is a bold move for a company to launch a brand-new vehicle in the midst of a pandemic but that is exactly what...

Updated 11 Aug, 2020 12:40pm

Companies

Toshiba to no longer manufacture laptops and computers

Toshiba introduced its first T1100 laptop in 1985, which weighed 4 kg and had a 3.5-inch floppy disk.

Published 11 Aug, 2020 12:18pm

World

Coronavirus infections stabilise in Australia's virus epicentre

Daily infections in Victoria peaked at 725 on Aug. 5 and have been trending lower in recent days.

Published 11 Aug, 2020 12:18pm

Mainland China reports 44 new coronavirus cases

It also reported 17 new asymptomatic patients.

Published 11 Aug, 2020 12:12pm

Business & Finance

Pakistan’s ‘Look Africa Policy’ shows impressive results despite COVID-19

Pakistan’s exports to Malawi grew by a whooping 1254pc from just $0.093mn in 2019 to $1.266mn in 2020.

Published 11 Aug, 2020 11:56am

Life & Style

Antonio Banderas says he’s tested positive for coronavirus

The actor says he is "relatively well, just a little more tired than usual and hoping to recover as soon as possible."

Published 11 Aug, 2020 11:49am

Business & Finance

Tourism sector opened owing to govt effective policies against COVID, says Bukhari

He said that the tourism sector in Pakistan has been reopened but its continuity depends on the behavior of the people who should continue to take precautionary measures against the coronavirus.

Published 11 Aug, 2020 10:58am

Technology

Microsoft faces complex technical challenges in TikTok carveout

Trump has given Microsoft until Sept. 15 to put together a blueprint for an acquisition that safeguards the personal data of Americans stored on the short-video app, and he has issued an order to ban it if there is no deal by then.

Published 11 Aug, 2020 10:26am

Business & Finance

Four-fifths of CEOs expect COVID-19 to entrench remote working: PwC

New York, London and some other major cities currently have only a fraction of their normal workforce in offices as employers and governments have told staff to work from home where possible.

Published 11 Aug, 2020 10:25am

Currency

Singapore warns of slow recovery as virus slams Asia's exporters

The city-state has been hit hard by COVID-19 with the country under a lockdown for most of the second quarter to curb the spread of the virus.

Published 11 Aug, 2020 10:22am

Forex

Dollar holds its ground as investors await U.S. stimulus talks

The dollar index jumped back to 93.568 from Friday's two-year low of 92.495. Having fallen for seven straight weeks, the currency was due for a short-term corrective bounce, traders said.

Published 11 Aug, 2020 10:19am

BR Research

Calling for 4-wheeler EV policy

One of the most vocal policy advocacies of the PTI government is to combat climate change and improve the ...

Published 11 Aug, 2020 09:02am

BR Research

Fuel price finally adjusted

The power regulator has approved the long overdue monthly Fuel Price Adjustments (FPA) for eight months starting...

Published 11 Aug, 2020 09:01am

BR Research

Good year for ICT exports

Find solace in small things. The country’s digital exports may be insignificant, but they didn’t go unnoticed in...

Published 11 Aug, 2020 09:01am

Currency

Babri Cotton Mills Limited

Babri Cotton Mills Limited (PSX: BCML) was established as a public limited company in 1970. It is engaged in the...

Published 11 Aug, 2020 08:59am

World

Global coronavirus infections pass 20 million

US has logged 5,075,678 cases and 163,282 deaths, Brazil has recorded 3,057,470 infections and 101,752 deaths.

Published 11 Aug, 2020 04:26am

Sports

Lukaku leads Inter into Europa League semi-finals

Kai Havertz reduced the deficit in possibly his final game for Leverkusen with a well-worked goal on 25 minutes.

Published 11 Aug, 2020 04:24am

Stocks

Wall Street ends mixed as new aid deal remains elusive

- Nasdaq was down 0.4 percent to 10,968.36, but the Dow Jones Industrial Average gained 1.3 percent to end at 27,791.44.

Published 11 Aug, 2020 04:22am

USA

US says IMF economic outlook too pessimistic

Mark Rosen faulted the IMF for veering into social issues, saying "this dynamic detracts from the usefulness and impact of the report."

Published 11 Aug, 2020 04:18am

Pakistan

Customs revises values of uncoated offset paper

KARACHI: Directorate General of Customs Valuation (DGCV) has revised the customs values of uncoated offset paper for...

Updated 11 Aug, 2020 03:31am

Pakistan

Mayor's term ends on 28th: I am not seeing next LG polls soon: Wasim Akhtar

KARACHI: Karachi Mayor Wasim Akhtar on Monday said that Karachiites paid 65 per cent and 95 per cent taxes to the...

Updated 11 Aug, 2020 03:29am

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 11 Aug, 2020 03:29am

Pakistan

Eid-ul-Azha: AZT distributes meat across Sindh, Balochistan

KARACHI: Head of Anjuman Zia-e-Taiba (AZT) Mubashir Raza has said that this charity organization spent more than two...

Updated 11 Aug, 2020 03:29am

Exchange

Riots hit downtown Chicago, stores looted

CHICAGO: Large crowds clashed with police as rioters vandalized stores in downtown Chicago overnight Sunday, with...

Updated 11 Aug, 2020 03:28am

Pakistan

Another polio case surfaces in Balochistan

QUETTA: Another polio case has been reported in Balochistan on Monday, taking the provincial tally to 16 in the...