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Archive - 2020-09-03
Renault revamps brand set-up under new CEO De Meo
Industry

Renault revamps brand set-up under new CEO De Meo

  • Renault, which took aid in the form of a state-backed loan from the French government this year.
  • It said a fourth division would focus on "new mobilities", at a time when rivals are also exploring avenues like car-sharing schemes.
Published
Musk promises Tesla design overhaul, 'ravecave' at Berlin plant
Industry

Musk promises Tesla design overhaul, 'ravecave' at Berlin plant

  • Musk made the comments to bystanders at Gruenheide, on the outskirts of Berlin, where the US carmaker is building its new European factory.
  • Tesla plans to manufacture a new version of its Model Y crossover vehicle, and possibly even battery cells at the site.
Published
Sterling bucks recent trends, falling against euro and dollar
Forex

Sterling bucks recent trends, falling against euro and dollar

  • Having risen versus the weaker dollar throughout July and August, the pound fell as the dollar strengthened in the first days of September.
  • Sterling extended these losses against the dollar on Thursday, down around 0.5% on the day at $1.3284.
Published
Afghan officials primed for talks with Taliban after deal on prisoners
World

Afghan officials primed for talks with Taliban after deal on prisoners

  • All but seven of the 5,000 prisoners whose release the Taliban had demanded as a precondition for negotiations have been freed.
  • "Diplomatic efforts are ongoing," he said in a tweet, referring to the final few prisoners who international partners objected to releasing. "We expect direct talks to start promptly."
Published
Germany's Scholz plans 2021 budget with new debt of over 80bn euros
Europe

Germany's Scholz plans 2021 budget with new debt of over 80bn euros

  • The exact debt figure for 2021 is still subject to negotiations within Chancellor Angela Merkel's conservative-led coalition government.
  • The step will require another suspension of Germany's constitutionally enshrined debt limits after Berlin already abandoned them this year.
Updated
TSX falls on profit-taking after bullish run
Stocks

TSX falls on profit-taking after bullish run

  • Canada's trade deficit grew to C$2.45 billion ($1.87 billion) in July as both imports and exports continued to recover from the lifting of restrictions put in place to tackle the coronavirus.
  • The energy sector climbed 1.4% even though US crude prices were down 1.8% a barrel, while Brent crude lost 2.0%.
Published
US service sector activity slows in August: ISM survey
USA

US service sector activity slows in August: ISM survey

  • The ISM said on Thursday its non-manufacturing activity index fell to a reading of 56.9 last month from 58.1 in July.
  • The ISM survey's measure of new orders for the services industry dropped to a reading of 56.8 last month after surging to a record 67.7 in July.
Published
Canada's trade deficit widens in July; exports and imports jump
USA

Canada's trade deficit widens in July; exports and imports jump

  • Imports jumped 12.7% in July from June while exports posted an 11.1% gain, both pushed higher by the motor vehicles and parts sector.
  • This report provides more evidence that Canada's economy is recovering from the pandemic more quickly than we had originally expected.
Published
EU hopeful first vaccine doses will come by end of year
Europe

EU hopeful first vaccine doses will come by end of year

  • Assuming one dose per person, such a first batch would cover 6-7% of the EU population.
  • These doses will be distributed pro-rata among the member states and so on and so forth until we get to a total of the 300 million doses we have negotiated.
Updated
El Al to fly first cargo flight to Dubai by an Israeli carrier
World

El Al to fly first cargo flight to Dubai by an Israeli carrier

  • The first flight, using a Boeing 747 jet, will travel to Belgium and from there to Dubai, carrying agricultural and high tech products.
  • El Al, Israel's flag carrier, said the new route will be an "import and export" link to Dubai and further east.
Published
Brazil's industrial output jumps 8.0pc in July, more than expected
Industry

Brazil's industrial output jumps 8.0pc in July, more than expected

  • The figures tie in with other indicators that show industry and manufacturing are recovering far more rapidly than the dominant services sector.
  • Government statistics agency IBGE said the year-on-year decline was 3.0%, less than the 6.4% fall forecast in a Reuters poll.
Published
Greek economy sees record slump, reversing hard-won gains
Exchange

Greek economy sees record slump, reversing hard-won gains

  • The record slump, announced by statistics service ELSTAT on Thursday, confirmed expectations for a sharp contraction over the second and third quarters.
  • The data showed tourism, the economy's main driver, had taken a severe hit from COVID-related travel restrictions.
Published
Facebook to halt new political ads in week before US Election Day
Kerb

Facebook to halt new political ads in week before US Election Day

  • Facebook also said it was creating a label for posts by candidates or campaigns that try to claim victory before the election results are official.
  • I'm also worried that with our nation so divided and election results potentially taking days or even weeks to be finalized.
Published
US weekly jobless claims drop more than expected
USA

US weekly jobless claims drop more than expected

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 881,000 for the week ended Aug. 29.
  • The department said last Thursday it was switching to using additive factors to more accurately track seasonal fluctuations in the series.
Published
Pakistan’s future is now linked to China: PM Imran Khan
Business & Finance

Pakistan’s future is now linked to China: PM Imran Khan

  • “It is a struggle and takes time because of the whole mindset and incentive structure and then you have to change the way government works,” he said.
  • “Our relationship with China is better than ever before, Pakistan's economic future is now linked to China," he said.
Updated
Constitutionalism in Islam
Opinion

Constitutionalism in Islam

ARTICLE: Islam enjoins upon its followers to integrate their spiritual and mundane life. It founded a political...
Updated
Karachi’s big question
BR Research

Karachi’s big question

Who owns Karachi is a question raised every time the city is inundated with rains, or when the life and property of...
Updated
First UDL Modaraba
BR Research

First UDL Modaraba

First UDL Modaraba (PSX: FUDLM) was established in 1991 under the Modaraba Companies and Modaraba Ordinance, 1980....
Published
TV channel owner booked
Pakistan

TV channel owner booked

LAHORE: The city police on Wednesday registered a first information report (FIR) against Mohsin Naqvi, the owner of...
Updated
Raise in KE tariff approved by ECC

Raise in KE tariff approved by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday decided to approve increase in KE...
Updated
NAB raids PPP minister's residences

NAB raids PPP minister's residences

LARKANA/SUKKUR: A team of the National Accountability Bureau (NAB) raided Sindh Minister for Auqaf Sohail Anwar...
Updated
Rains cause decline in Aug exports?

Rains cause decline in Aug exports?

ISLAMABAD: Commerce Ministry is mum on foreign trade figures of August 2020, generating speculation that silence is...
Published
AAJ PROGRAM SCHEDULE
Life & Style

AAJ PROGRAM SCHEDULE

Thursday, September 03, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55...
Published
The Weather
Pakistan

The Weather

KARACHI: The weather report on Wednesday (September 02, 2020) and the forecast for Thursday (September 3, 2020)....
Published
Japan shares rise
Stocks

Japan shares rise

TOKYO: Japanese shares rose on Wednesday after positive data on the US manufacturing sector spurred hopes that a...
Published
Australian shares climb
Stocks

Australian shares climb

SYDNEY: Australian shares rose on Wednesday by their most in four weeks, as positive data from the world's two top...
Published
China stocks mixed
Stocks

China stocks mixed

BEIJING: China stocks closed mixed on Wednesday as tech shares gained but material and energy shares weighed. At ...
Published
European shares surge
Stocks

European shares surge

MILAN/FRANKFURT: European shares closed higher on Wednesday as signs of a recovery in global manufacturing activity...
Published
Saudi index leads Gulf gains
Stocks

Saudi index leads Gulf gains

DUBAI: Saudi Arabian shares ended higher on Wednesday, outperforming other Gulf peers, buoyed by gains in banking...
Published
The anti-export bias
Currency

The anti-export bias

ARTICLE: There is a deep set bias against export's, and a marked preference for all things imported, ingrained in ...
Published
Karachi in focus
Letters

Karachi in focus

LETTER: It is a matter of great satisfaction for every Karachi resident that prime minister Imran Khan will himself...
Published
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (September 02, 2020)....
Published
Shipping Intelligence
Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 02, 2020)....
Published
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (September 02, 2020). =======================================...
Published
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 02, 2020)...
Published
Cotton Spot Rates
Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 02, 2020)....
Published
Bullion Rates
Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 02, 2020)....
Published
Copper prices slip
Commodities

Copper prices slip

LONDON: Copper prices pulled back on Wednesday from a two-year peak after disappointing US payrolls numbers raised...
Published
Japanese rubber slips
Commodities

Japanese rubber slips

TOKYO: Japanese rubber futures slipped on Wednesday from a seventh-month high hit earlier this week, as doubts about...
Published
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Tuesday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 8.063 billion and...
Published
Gold prices fall
Commodities

Gold prices fall

KARACHI: Gold on Wednesday fell by Rs2500 to Rs115200 per tola on the local market, traders said. The yellow metal...
Published
Debt to GDP ratio
Exchange

Debt to GDP ratio

EDITORIAL: Prime Minister Imran Khan has repeatedly claimed that the economy's performance has improved ...
Published
Single National Curriculum
Editorials

Single National Curriculum

EDITORIAL: The Pakistan Tehreek-i-Insaaf (PTI) government seems hell bent on its pet programme of introducing a...
Published