News Archives for Latest - 2020-08-17

Africa

Nigeria eyes record 12.65trn naira spending plan for 2021

The spending by Africa's largest economy, still reeling from low oil prices and the new coronavirus pandemic, is a 17.2% jump.
The projected debt servicing payments would consume 3.1 trillion naira of the spending, or just under 25%.

Updated 18 Aug, 2020 01:01am

Forex

Sterling set for bumpy ride as Brexit talks restart

UK-EU trade talks restart on Monday.
Analysts say sterling facing Brexit, economic woes.
HSBC sees pound back at $1.20 by December.

Published 17 Aug, 2020 11:18pm

Forex

Bitcoin hits highest in 13 months as 2020 rally gathers steam

The biggest cryptocurrency gained 4.4% to $12,424, its highest since July 2019. Bitcoin has soared over 70% this year.
Plummeting interest rates and huge bond-buying programmes by central banks across the world have boosted demand for the cryptocurrency.

Published 17 Aug, 2020 11:12pm

World

G7 ministers to consider extending debt freeze for low-income countries: Treasury

The ministers repeated their call for all official bilateral creditors to fully implement the G20 debt freeze for the poorest countries.
The Group of 20 countries to extend their Debt Service Suspension Initiative (DSSI) given the economic impact of the pandemic.

Published 17 Aug, 2020 11:09pm

Commodities

Nickel hits highest in nearly 9 months on Philippine supply concerns

Zinc touches highest in almost seven months.
Lead hits strongest level since Jan. 23.
Yangshan copper premium extends losses.

Published 17 Aug, 2020 11:07pm

Stocks

Miners lift European stocks, travel firms hit by surging COVID-19 cases

STOXX 600 volatile in thin summer trading.
Travel & leisure sector hit by quarantine rules.
Bullish brokerage calls lift luxury stocks.
Real estate stocks hit by Unibail drop.

Published 17 Aug, 2020 11:05pm

Companies

Novavax begins mid-stage study of COVID-19 vaccine in South Africa

South Africa is the fifth worst affected country with 583,653 coronavirus cases and 11,677 deaths.
South Africa is experiencing a winter surge of COVID-19 disease, this important Phase 2b clinical trial has the potential to provide an early indication of efficacy.

Published 17 Aug, 2020 11:02pm

Technology

Apple expands independent repair shop program to Mac computers

Apple initially launched the program last year, but it only covered iPhones, the company's biggest-selling product.
Apple's shift in repair practices came after years of calls from right-to-repair groups who had criticized the company for.

Published 17 Aug, 2020 11:00pm

Energy

OPEC+ compliance with oil output cuts in July around 97pc

OPEC+ technical JTC panel is meeting to review compliance.
No changes expected in OPEC+ supply cut deal.
OPEC+ ministerial panel meets on Wednesday.

Published 17 Aug, 2020 10:57pm

Commodities

Soybeans climb on dryness, storm damage sends corn to 1-month peak

Corn rises 1% after storm hits US crop in key growing region.
Soybeans climb to 7-month high on dryness.

Published 17 Aug, 2020 10:55pm

Industry

Airlines, airports to push for COVID testing as quarantines hit traffic

The industry wants the task force to make the recommendation for passengers traveling from countries with high COVID-19 infection rates.
"A test prior to departure could reduce the risk of importation by up to 90%, enabling air travel to be opened up between a large number of countries without a quarantine requirement.

Published 17 Aug, 2020 10:52pm

Stocks

Tech stocks gain as S&P 500 flirts with record high

Home improvement retailers seen getting sales boost.
Principia Biopharma at record high on Sanofi buyout.
Nvidia hits record high on PT raises.
Dow dips 0.19%, S&P up 0.32%, Nasdaq rises 0.77%.

Published 17 Aug, 2020 10:50pm

Industry

EU approves $1.2bn Danish, Swedish measure to recapitalise airline

The plan is part of a larger recapitalisation package which will result in private investors holding a significant stake in SAS.
The European Commission said the measure will not exceed the minimum needed to ensure the airline's viability.

Published 17 Aug, 2020 10:47pm

Energy

Oil rises on China plan to boost US imports, OPEC+ compliance

China plans to ship more US oil in Aug-Sept.
OPEC+ compliance with output cuts in July 97% -sources.
OPEC+ ministerial panel to meet on Aug. 19.

Published 17 Aug, 2020 10:45pm

USA

US CDC reports 169,350 deaths from coronavirus

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 17 Aug, 2020 10:44pm

Forex

Russian rouble, stocks fall amid crisis in neighbouring Belarus

Rouble underperforms emerging market peers.
Russian assets feel pressure as geopolitical risks mount.
Russia's response to Belarus crisis in focus.

Published 17 Aug, 2020 10:43pm

Sports

US billionaire Friedkin completes takeover of AS Roma

The Friedkin Group announced the acquisition of the 86.6% majority stake in the club and they will launch a mandatory tender offer upon the publicly held ordinary shares.
Our commitment to Roma is total," Dan Friedkin, CEO and chairman of The Friedkin Group, said in a statement.

Published 17 Aug, 2020 10:40pm

Cotton

Congressional Democrats plan vote on Postal Service as Trump defends cuts

No, we're not tampering," Trump said in an interview with Fox News amid an outcry from Democrats and other critics.
We want to make it run efficiently, run good. We want to make it run for less money, much better, always taking care of our postal workers.

Published 17 Aug, 2020 10:38pm

Sports

Canadian Football League cancels 2020 season amid COVID-19 outbreak

Our league governors decided today it is in the best long-term interests of the CFL to concentrate on the future.
We are absolutely committed to 2021, to the future of our league and the pursuit of our vision of a bigger, stronger, more global CFL.

Published 17 Aug, 2020 10:37pm

Sports

Crawley passes 50 as rain-hit second test drawn

Only 134.3 overs were possible in the entire match, which included a 38 over spell late on the fifth afternoon as the sun finally came out.
Crawley scored 53, his third test half-century, before he was out leg before wicket to Mohammad Abbas (2-28) having put on 91 with Dom Sibley (32) for the second wicket.

Published 17 Aug, 2020 10:31pm

Europe

Spain's daily virus cases at 1,833, below last week's record highs

Cumulative cases, which include results from antibody tests on patients who may have already recovered, rose to 359,082.
The government's most senior coronavirus expert, Fernando Simon, said more testing was part of the reason for the surge.

Published 17 Aug, 2020 10:34pm

USA

As US homebuilder confidence matches record high, mortgage delinquencies rise

The National Association of Home Builders/Wells Fargo Housing Market Index rose 6 points to 78, matching a series record set in 1998.
Housing has clearly been a bright spot during the pandemic and the sharp rebound in builder confidence over the summer has led NAHB to upgrade its forecast for single-family starts.

Published 17 Aug, 2020 10:29pm

USA

Brazil lower house speaker Maia confident of tax reform approval this year

Maia said he was convinced tax reform will be approved, and also said that Brazil needs to implement some form of basic income program.

Published 17 Aug, 2020 10:27pm

Technology

TikTok's journey from global sensation to Trump target

With TikTok, owner ByteDance became the first Chinese company to achieve global success with a consumer app.
US President Donald Trump has now given ByteDance and Microsoft until Sept. 15 to reach a deal.

Published 17 Aug, 2020 10:25pm

Business & Finance

Wall Street kicks off big retail earnings week on high note

The Dow Jones Industrial Average rose 39.03 points, or 0.14%, at the open to 27,970.05.

Published 17 Aug, 2020 09:23pm

Stocks

TSX opens higher on China stimulus

At 9:30 a.m. ET (1330 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 116.35 points, or 0.7pc, at 16,630.96.

Published 17 Aug, 2020 09:22pm

Europe

UK records 713 new daily cases of COVID-19

Three more people have died within 28 days of testing positive for the coronavirus.

Published 17 Aug, 2020 09:19pm

Stocks

Sri Lankan shares snap four-day winning streak as financials drag

The benchmark CSE All Share Index ended 0.20pc lower at 5,251.61.

Published 17 Aug, 2020 09:17pm

Commodities

Ukraine sets 2020/21 wheat export cap at 17.5mn tonnes

The ministry and traders sign a memorandum each year to determine how much wheat can be exported in the marketing season.

Published 17 Aug, 2020 09:15pm

Financial

Yields head lower as more supply looms

The benchmark 10-year yield was last down 3 basis points at 0.6785pc.

Published 17 Aug, 2020 09:12pm

World

Mexican president volunteers to try Russian coronavirus vaccine

The governments of Mexico and Argentina have partnered with pharmaceutical company AstraZeneca Plc to produce a vaccine.

Published 17 Aug, 2020 09:10pm

NIH gets approval from DRAP for Phase-III clinical trial of coronavirus vaccine

NIH states this will be the first ever Phase-III clinical trial for any vaccine in Pakistan

Published 17 Aug, 2020 08:54pm

Forex

Canadian dollar nears 7-month high as home sales surge

The price of oil, one of Canada's major exports, rose as China's plans to increase U.S. crude imports countered rising tensions between the two major consumers.

Published 17 Aug, 2020 09:07pm

USA

Trump says US watching 'terrible' situation in Belarus closely

The situation in Belarus, a strategically important country that carries Russian energy exports to the West, is fluid after the biggest demonstration yet against his rule on Sunday.

Published 17 Aug, 2020 09:05pm

USA

Trump says may hold memorial service for brother at White House on Friday

Robert Trump, 71, died on Saturday night at a hospital in New York of an undisclosed illness.

Published 17 Aug, 2020 09:03pm

USA

Trump approves emergency aid for Iowa after storm

Trump, who is scheduled to speak on Monday in Minnesota and Wisconsin, said he aimed to visit Iowa.

Published 17 Aug, 2020 09:00pm

Europe

Spain reports 1,833 new coronavirus infections, below last week's record highs

Daily infection statistics tend to dip on Monday due to fewer diagnoses taking place on Sunday.

Published 17 Aug, 2020 08:42pm

Sports

City target Pochettino to replace Guardiola after UCL exit

Manchester based club’s 3-1 defeat against Lyon has put Guardiola’s future in doubt with just only 10 month remaining in his contract.

Updated 17 Aug, 2020 08:47pm

Pakistan

PM stresses upon facilitating overseas Pakistanis in sending remittances

The meeting considered various proposals and steps for increasing the remittances and the country’s financial reserves.

Published 17 Aug, 2020 08:40pm

Pakistan

PM chairs meeting on power sector

According to a brief press release of PM Office media wing, the meeting discussed issues related to power sector and the roadmap of reforming it.

Published 17 Aug, 2020 08:39pm

Pakistan

Measures taken to ensure availability of wheat, flour throughout year: Hafeez Shaikh

He said the provincial authorities planned to procure another 300,000 tonnes of wheat from the PASSCO for which they were already in touch with the body.

Updated 17 Aug, 2020 08:39pm

NAB files reference against Shehbaz family in money laundering case

The court registrar would forward the reference to then administrative judge after initial inspection.

Published 17 Aug, 2020 07:21pm

Pakistan

SAARC trade important to reduce poverty in region: FM

Qureshi regretted that the volume of trade between SAARC member countries was very low and stressed to enhance it.

Published 17 Aug, 2020 07:17pm

Industry

Ryanair cuts Sept, Oct flights by 20pc as virus hits demand

These capacity cuts and frequency reductions for the months of September and October are unavoidable given the recent weakness in forward bookings due to COVID restrictions.

Published 17 Aug, 2020 07:14pm

Pakistan

Economy moving towards stability, exports increased: Asad Qaisar

He said with the grace of Allah Almighty and owing to prudent policies of the incumbent government our economy was rapidly moving towards stability.

Published 17 Aug, 2020 07:08pm

Pakistan

Pakistan becomes attractive destination for tourists: Shibli

It is a clear demonstration of revival of economic activities and the restoration of public confidence, he said.

Published 17 Aug, 2020 07:07pm

Pakistan

Zardaris, Sharifs have no explanation for looted, plundered money: Murad Saeed

He said that from day one that the purpose of their politics was only to conceal their corruption.

Published 17 Aug, 2020 07:05pm

Pakistan

Car sale, production fell by 7.70pc, 49.73pc respectively during July 2020

The production of Toyota Corolla decline from 2,827 units to 1,561 units, showing decreased of 44.78 percent, it added.

Published 17 Aug, 2020 06:59pm

Israel preparing to start direct flights to UAE over Saudi Arabia as part of peace deal

Netanyahu says work on enabling direct flights, over Saudi Arabia, between Tel Aviv, Dubai and Abu Dhabi is under way

Published 17 Aug, 2020 06:48pm

Pakistan

New Shipping Policy aims to promote Blue Economy: Ali Zaidi

He said that government is moving towards all potentials sectors step by step and the Shipping Policy announced recently.

Published 17 Aug, 2020 06:55pm

Pakistan

ML-1 to ensure upgraded rail services, create jobs: PM

Imran Khan said ML-1 project would ensure provision of best passenger and goods services as the government was focusing on giving priority to public welfare and development.

Published 17 Aug, 2020 06:46pm

Pakistan

SAPM thanks expats for sending record remittances in July

He said this support from the overseas Pakistanis gave much-needed boost to the economy.

Published 17 Aug, 2020 06:39pm

Sindh govt will not share administrative powers with anyone, says Murad

CM says some elements are making statements about trampling the Constitution but that is not possible

Published 17 Aug, 2020 06:33pm

Exchange

Pakistan, Sri Lanka always stood by each other in difficult times: FM

The foreign minister also recalled his visit to Sri Lanka last December and his meetings with the country's leadership.

Published 17 Aug, 2020 06:36pm

Exchange

Rupee falls against dollar

The exchange rates of Saudi Riyal and Emirates Dirham increased by 07 paisas each to close at Rs. 44.84 and Rs. 45.78 respectively.

Published 17 Aug, 2020 06:34pm

Pakistan

ADB for promoting multiple modes of transport for freight in Pakistan

Pakistan Railways has created a freight transportation company that focuses on cargo and started freight train services between Karachi and Lahore.

Published 17 Aug, 2020 06:29pm

Pakistan

243 new cases of COVID-19 detected in Sindh

The CM expressed these views in his statement issued on Monday regarding the situation of coronavirus in Sindh.

Published 17 Aug, 2020 06:29pm

Pakistan

Gold price increases Rs400, traded at Rs119,400 per tola

The price of per tola silver witnessed no change in prices and was trade at Rs. 1470 while that of 10 gram silver also remained static at Rs. 1260.28.

Published 17 Aug, 2020 06:24pm

Pakistan

SC for vacation of state land from two petrol pumps in Faisalabad

During the course of proceedings, Syed Qalb-i-Hassan, counsel for the pumps owners, said National Highway Authority (NHA) leased the state land to the petrol pumps.

Published 17 Aug, 2020 06:21pm

10 picnickers drown as boat capsizes in Keenjhar Lake

Rescue officials say as the boat reached deep waters, it lost balance and capsized

Updated 17 Aug, 2020 06:24pm

Europe

Russia reports nearly 5,000 new coronavirus cases

Authorities said 55 people had died across the country in the last 24 hours, increasing Russia's official coronavirus death toll to 15,740.

Published 17 Aug, 2020 06:18pm

Stocks

China shares end at five-week high on brokerages boost, PBOC injections

At the close, the Shanghai Composite index was up 2.34pc at 3,438.80 and the blue-chip CSI300 index added 2.35pc.

Published 17 Aug, 2020 06:15pm

Business & Finance

Iran says OPEC has raised and stabilised crude oil price

In 2018, US President Donald Trump pulled the United States out of Iran's 2015 nuclear deal with six powers and reimposed sanctions that have sharply cut Iran's oil exports.

Published 17 Aug, 2020 06:14pm

Previous govts failed to address issues facing power sector, says Ayub

Minister says government will introduce reforms in energy sector enabling Pakistan to generate 70 percent energy through indigenous resources

Published 17 Aug, 2020 06:06pm

Financial

Italian bond yield gap over Germany near tightest since March

Meanwhile, benchmark German 10-year bond yields dipped slightly to -0.42pc, having climbed eight basis points in the previous week.

Published 17 Aug, 2020 06:12pm

Stocks

Major Gulf bourses gain as banks lift Saudi index

Saudi Arabia's benchmark index rose 0.5pc, with Al Rajhi Bank gaining 1.4pc and Riyad Bank up 2.1pc.

Published 17 Aug, 2020 06:09pm

Forex

Russian rouble steady, stocks at highest since late February

The rouble was 0.1pc weaker against the dollar at 72.95 and lost 0.2pc to trade at 86.44 versus the euro.

Published 17 Aug, 2020 05:53pm

Forex

Speculators less bearish on the pound for second week running

Haldane, who voted against expanding BoE stimulus in June, said that the central bank will continue to support the economy until recovery is well under way.

Published 17 Aug, 2020 05:50pm

Commodities

CBOT wheat may test resistance at $5.09-1/4

The resistance is identified as the 38.2pc retracement of the downtrend from $5.44 to $4.88.

Updated 17 Aug, 2020 05:50pm

Forex

Dollar edges lower as markets eye US politics, Fed minutes

Against a basket of currencies the dollar traded under gentle pressure at 93.036, roughly in the middle of the range it has held since dropping to a two-year low in late July.

Published 17 Aug, 2020 05:14pm

Stocks

Rio Tinto, BHP lift FTSE 100 on China stimulus

The commodity-heavy FTSE 100 was up 0.3pc, with miners Rio Tinto Plc, BHP Group Plc and Anglo American Plc adding between 1.6pc and 2.4pc.

Published 17 Aug, 2020 05:12pm

Commodities

LME copper may revisit July 13 high of $6,633 this week

The correction has been driven by a wave 4, the fourth wave of a five-wave cycle from $5,146.

Published 17 Aug, 2020 04:59pm

Asia

Indonesia reports 1,821 new coronavirus cases, 57 deaths

The Southeast Asian country also added 57 new deaths, taking its fatalities to 6,207, the highest coronavirus death toll in Southeast Asia.

Published 17 Aug, 2020 04:57pm

Energy

UK GAS-Prices rise amid very low wind power output

The day-ahead contract rose by 1.20 pence to 21.00 pence per therm by 0820 GMT.

Published 17 Aug, 2020 04:53pm

South Asia

Philippines records 3,314 new coronavirus cases, 18 deaths

The country has so far registered a total of 164,474 infections and the death toll from COVID-19 has risen to 2,681, according to ministry data.

Published 17 Aug, 2020 04:48pm

Exchange

Engro Powergen Qadirpur among IPPs to sign MoU with govt

The IPPs have reached an understanding with Committee to alter their existing contractual arrangements in the larger national interest, to the extent of, and strictly with respect to, the matters listed under the Memorandum of Understanding (MoU) signed between the Parties on August 13, 2020.

Published 17 Aug, 2020 04:46pm

Stocks

European stocks flat, miners offset losses in travel sector

Travel stocks fell 0.7pc, continuing to slide after the United Kingdom added France and other countries to its quarantine list last week.

Published 17 Aug, 2020 04:46pm

South Asia

Hong Kong records 44 new coronavirus cases as social distancing restrictions extended

Out of the 44 cases recorded on Monday, 31 of them were local transmissions.

Published 17 Aug, 2020 04:43pm

Stocks

Hong Kong shares mark highest close in nearly 4 weeks

At the close of trade, the Hang Seng Index was up 178.92 points or 0.71pc at 25,505.82, its highest close since July 21.

Published 17 Aug, 2020 04:42pm

Commodities

LME aluminium may test support at $1,784 this week

The resistance is identified as the 123.6pc projection level of an upward wave C from $1,562.

Published 17 Aug, 2020 04:39pm

Exchange

SHC declares Sugar Inquiry Commission report as null and void, orders fresh probe

Court orders NAB, FBR and FIA to carry out an independent inquiry as per law

Published 17 Aug, 2020 04:25pm

Commodities

Ivory Coast cocoa arrivals seen at 2.024mn T by Aug. 16, exporters say

About 3,000 tonnes of beans were delivered to Abidjan port and 7,000 tonnes to San Pedro between Aug. 10 and Aug. 16 for a total of 10,000 tonnes.

Published 17 Aug, 2020 04:36pm

Europe

Blast hits Turkish-Russian joint patrol in Syria's Idlib

No Russian soldiers were hurt in the incident, it said.

Published 17 Aug, 2020 04:31pm

Sports

Juventus considering £54mn offer for Ronaldo

French outfit PSG is likely to make the offer for the five-time Ballon d’Or winner.

Updated 17 Aug, 2020 04:35pm

Energy

Oil steady as China's plans to boost US imports counters tensions

Brent crude was down 3 cents, or 0.1pc, to $44.77 a barrel by 0858 GMT, while US West Texas Intermediate crude was up 3 cents, or 0.1pc, to $42.04 a barrel.

Published 17 Aug, 2020 04:29pm

Money & Banking

Turkish central bank injects 10bn lira in repo at average simple rate of 11.25pc

It said that total bids amounted to 73.7 billion lira in the repo, which will mature on Sept 16.

Published 17 Aug, 2020 04:28pm

Forex

Kenyan shilling steady, to firm due to remittances, horticulture inflows

At 0813 GMT, commercial banks quoted the shilling at 108.20/40, from Friday's close of 108.25/45.

Published 17 Aug, 2020 04:26pm

South Asia

Japan PM leaves hospital after check-up amid health concerns

Health Minister Katsunobu Kato, a close aide to the premier, said he understood it was a regular check-up and he was "not at all" worried about Abe's health.

Published 17 Aug, 2020 04:19pm

Commodities

Corn at 1-month peak on storm damage, soy also up

The most-active corn contract on the Chicago Board Of Trade added 1pc to $3.41-3/4 a bushel, by 0937 GMT, after peaking at $3.42 - the highest since July 13.

Published 17 Aug, 2020 04:14pm

Asia

India's COVID-19 death toll surpasses 50,000 as pandemic spreads beyond big cities

Experts have said India's testing rates are far too low, and this could obscure the true extent of the coronavirus outbreak.

Published 17 Aug, 2020 04:12pm

World

Worldwide coronavirus cases cross 21.74 million, death toll at 774,785

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

Published 17 Aug, 2020 04:10pm

Forex

Uganda shilling flat on back of lacklustre dollar demand

At 0921 GMT, commercial banks quoted the shilling at 3,665/3,675, same level as Friday's close.

Published 17 Aug, 2020 04:09pm

Europe

Putin, Erdogan discuss conflicts in Libya, Syria in phone call

The Kremlin said the call's main focus was on the crisis in Libya, highlighting the need to make real steps towards a sustainable ceasefire.

Published 17 Aug, 2020 04:07pm

Stocks

Indian shares end higher, NTPC top boost

The NSE Nifty 50 index ended 0.61pc higher at 11,247.10, while the S&P BSE Sensex rose 0.46pc to 38,050.78.

Published 17 Aug, 2020 03:49pm

Army chief arrives in Saudi Arabia

Head of the Inter-Services Intelligence (ISI), General Faiz Hameed is also accompanying the army chief.

Published 17 Aug, 2020 03:47pm

Europe

EU funds should be used to support Belarus, says Polish deputy minister

The EU has an instrument in the form of the European endowment for democracy," Marcin Przydacz, deputy foreign minister said in a committee meeting in Poland's parliament.

Published 17 Aug, 2020 03:46pm

Industry

With 100pc booking, Pakistan’s tourism industry growing says govt

The minister was of the view that the development is a clear demonstration of economic activity and the restoration of public confidence.

Published 17 Aug, 2020 03:42pm

Europe

Bulgaria's jobless rate eases to 7.9pc in July

There were some 14,800 fewer unemployed people in the Balkan country of 7 million than a month earlier, but around 85,900 more than a year before, the agency said.

Published 17 Aug, 2020 03:43pm

Business & Finance

What led to ‘abnormal increase’ in remittances from Saudi Arabia? Expert answers

No cash transaction took place through Hajj/Umrah movement owing to a limited Hajj this year and ban on Umrah in place amid COVID-19, which pushed people towards using formal channels.

Updated 17 Aug, 2020 03:11pm

Business & Finance

Govt decides to provide digital banking facility to Overseas Pakistanis: Zulfi

The SAPM said that overseas Pakistanis will now be able to make direct banking payments and investments in the country.

Updated 17 Aug, 2020 02:58pm

Pakistan

Saeed Ghani orders strict action against private schools reopening in Karachi

He said the schools which reopened today will have their registrations canceled.

Updated 17 Aug, 2020 02:42pm

Sports

RB Leipzig v PSG: Champions League semifinal for the 21st century

Both teams will be looking forward for their maiden UCL final appearance.

Published 17 Aug, 2020 02:04pm

Sports

'Nuggety' Rizwan impresses England's Trott

Rizwan top-scored with 72 to help Pakistan pass 200-run mark on a tricky Southampton pitch.

Published 17 Aug, 2020 01:55pm

Sports

Draw likely as rain ruins fourth day of second England, Pakistan Test

Visitors were dismissed for 236 in their first innings

Published 17 Aug, 2020 01:53pm

Technology

Facebook faces heat from Indian lawmakers on content practices

Lawmakers of Modi’s Bharatiya Janata Party (BJP) have accused the social media giant of censoring nationalist voices, after the opposition Congress seized on a Wall Street Journal report to seek a parliamentary investigation of Facebook employees’ alleged ties with the ruling party.

Published 17 Aug, 2020 01:22pm

World

South Korea battles worst coronavirus outbreak in months, warns of crisis

The latest cases brought its total infections to 15,515 including 305 deaths.

Published 17 Aug, 2020 12:12pm

Exchange

HUBCO’s Narowal Energy Limited signs MoU with govt

HUBCO informed that under the terms of the MoU the ROE/ROEDC rate shall be changed from current 15pc in US$ to 17pc in PKR with no future US$ indexation.

Published 17 Aug, 2020 11:12am

Exchange

Pakistan's remittances hit 'highest ever' of $2.76bn in July

As per details, the remittances showed 12.2 percent increase over June 2020 and 36.5pc increase over July 2019.

Published 17 Aug, 2020 10:58am

World

New Zealand's Ardern postpones election as coronavirus flares up

Ardern bowed to pressure to delay the polls after some parties complained they could not campaign with nearly a third of New Zealand’s 5 million people under lockdown in Auckland.

Published 17 Aug, 2020 10:33am

Business & Finance

Reliance in talks to buy online furniture retail, milk delivery startups: report

The oil-to-telecoms conglomerate's talks with Urban Ladder are at an advanced stage, the report said, citing four unnamed sources briefed on the matter.

Published 17 Aug, 2020 10:32am

498 new cases take nationwide tally to 289,215

Country also reported seven deaths.

Published 17 Aug, 2020 10:18am

Commodities

Oil prices advance as China ramps up U.S. crude imports

Brent crude added 30 cents, or 0.7%, to $45.10 a barrel by 0410 GMT, while U.S. West Texas Intermediate crude was up 34 cents, or 0.8%, to $42.35 a barrel.

Published 17 Aug, 2020 10:28am

Currency

Dollar in the doldrums; U.S. politics, Fed minutes eyed

The moves in the Asia session were modest, as weak data and uncertainty ahead of a week that includes Federal Reserve minutes and the Democrats’ nomination convention kept a lid on sentiment.

Published 17 Aug, 2020 10:19am

Business & Finance

Instant View: Japan's economy shrinks at record pace as pandemic hits spending

Gross domestic product (GDP) shrank an annualised 27.8% in April-June, government data showed on Monday, marking the biggest decline since comparable data became available in 1980.

Published 17 Aug, 2020 10:16am

BR Research

GIDC judgement: More questions

The GIDC verdict is here. The apex court has dismissed all petitions and appeals, which were clubbed together, to...

Published 17 Aug, 2020 09:42am

Currency

Kharif outlook: mediocre targets?

In May 2020, the federal government announced a Rs56.6 billion relief package for agriculture sector, consisting of...

Published 17 Aug, 2020 09:41am

BR Research

COVID vaccine: getting any closer?

Six months into the pandemic, the race to develop a vaccine for novel coronavirus that has killed over 760,000 ...

Published 17 Aug, 2020 09:41am

BR Research

TSML: bleeding red

Earlier this month, Punjab’s third largest sugar mill announced its nine-month accounts on the bourse. And if ...

Published 17 Aug, 2020 09:40am

World

Talks resume on Nile mega-dam

ADDIS ABABA: Talks resumed Sunday over Ethiopia's controversial mega-dam that has long stoked tensions in the Nile...

Updated 17 Aug, 2020 03:45am

World

Algeria turns to Islamic finance to prop up economy

ALGIERS: Algeria has launched Islamic finance products in a bid to attract money from the informal market, but...

Updated 17 Aug, 2020 03:44am

World

Four kidnapped Chinese workers freed in Nigeria

WARRI, (Nigeria): Four Chinese workers abducted from a quarry site in southern Nigeria have been freed, police said...

Updated 17 Aug, 2020 03:42am

World

Trudeau, finance minister clash over green plans, soaring deficit

OTTAWA: A deepening rift between Canadian Prime Minister Justin Trudeau and his finance minister about coronavirus...

Updated 17 Aug, 2020 03:41am

Exchange

Argentina formalises revised debt offer, extends deal deadline

BUENOS AIRES: Argentina's government on Sunday officially unveiled its amended bond restructuring offer in the state...

Updated 17 Aug, 2020 03:40am

Business & Finance

Israel economy sinks nearly 30pc in Q2

OCCUPIED JERUSALEM: Israel's economy shrank by an annualised 28.7% in the second quarter, hit hard by the COVID-19...

Updated 17 Aug, 2020 03:38am

Pakistan

Rly conducts annual 'DS Special' from Karachi to Kotri

KARACHI: Divisional Superintendent Pakistan Railways Karachi Arshad Salam Khattak, along with the divisional...

Updated 17 Aug, 2020 03:05am

Pakistan

Islamabad International Airport: PCAA seeks 'comprehensive report' on damage

ISLAMABAD: Pakistan Civil Aviation Authority (PCAA) on Sunday took strong note of the damage caused by recent rains...

Updated 17 Aug, 2020 03:04am

Pakistan

US Mission brings American speakers on Covid-19

KARACHI: Esteemed American scientist and global health advocate Dr Peter Hotez will share his insights with ...

Updated 17 Aug, 2020 03:03am

Pakistan

Covid-19 claims five more lives in Sindh: CM

KARACHI: Five patients of coronavirus lost their lives lifting the death toll to 2,322 and 278 new cases emerged...

Updated 17 Aug, 2020 03:02am

Pakistan

Punjab only province where flour available at official rates: Buzdar

LAHORE: Punjab Chief Minister Sardar Usman Buzdar says the provincial government's effective and timely measures...

Updated 17 Aug, 2020 03:02am

Pakistan

Drama of holding APC flopped prior to stage: Buzdar

LAHORE: Chief Minister Punjab Sardar Usman Buzdar has said that opposition parties have no agenda and opposition...

Updated 17 Aug, 2020 03:02am

Pakistan

Six more patients die of Covid-19: NCOC

ISLAMABAD: Six more patients died of Covid-19 and another 670 person have been tested positive during the past 24...

Updated 17 Aug, 2020 03:02am

Pakistan

Tenders approved for construction of two roads worth Rs166m: Aleem

LAHORE: Punjab Senior Minister Abdul Aleem Khan said tenders for Zarar Shaheed Road in Cantt and Baja Line Road in...

Updated 17 Aug, 2020 03:01am

Pakistan

KP CM for timely completion of ongoing hydel projects

PESHAWAR: KP Chief Minister Mahmood Khan has directed the authorities of Energy and Power Department to ensure the...

Updated 17 Aug, 2020 03:01am

Pakistan

Intra-Afghan talks: Qureshi for resolving residual issues

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Sunday said collective efforts succeeded in 'advancing Afghan...

Updated 17 Aug, 2020 03:01am

KJP may help create 50,000 jobs by the year-end: SAPM

ISLAMABAD: Special Assistant to the Prime Minister (SAPM) on Youth Affairs Muhammad Usman Dar on Sunday said the...

Updated 17 Aug, 2020 02:59am

Life & Style

PPAF, FACE launch first music residency programme

ISLAMABAD: Pakistan Poverty Alleviation Fund (PPAF) and Foundation for Arts, Culture and Education (FACE) launched...

Updated 17 Aug, 2020 02:58am

Life & Style

23rd death anniversary of Nusrat Fateh observed

ISLAMABAD: The 23rd death anniversary of legendary Qawwal' maestro Nusrat Fateh Ali Khan was observed across the...

Updated 17 Aug, 2020 02:56am

Israeli and UAE firms join forces in coronavirus research

ABU DHABI: Firms from the United Arab Emirates and Israel have signed an agreement to jointly develop research and...

Updated 17 Aug, 2020 02:54am

Exchange

UAE, Israel establish direct phone service

DUBAI: The Israeli and UAE foreign ministers inaugurated Sunday direct phone services between the two countries in...

Updated 17 Aug, 2020 02:53am

Thousands of Canadian govt accounts hacked

TORONTO: Thousands of user accounts for online government services in Canada were recently hacked during cyber...

Updated 17 Aug, 2020 02:53am

Israel says it expects Bahrain, Oman to follow UAE

OCCUPIED JERUSALEM: Bahrain and Oman could be the next Gulf countries to follow the United Arab Emirates in...