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Archive - 2020-09-23
Volkswagen's electric SUV opens a new front against Tesla
Companies

Volkswagen's electric SUV opens a new front against Tesla

  • The ID.4's driving range is less than Tesla's Model Y electric compact SUV, which offers more than 300 miles (483 km)between charges.
  • The ID.4 will initially come at a price of $39,995 and will be about $5,000 less expensive once the company begins building it in the United States, Volkswagen said.
Published 23 Sep, 2020 11:54pm
Paris wheat ticks lower in pause after rally
Commodities

Paris wheat ticks lower in pause after rally

  • A fall in the euro to its lowest level since late July against the dollar limited the drop on Euronext.
  • The contract had risen on Tuesday to 195.75 euros, its highest since April 23, but faced chart resistance around that level.
Published 23 Sep, 2020 11:52pm
US CDC reports 200,275 coronavirus deaths
USA

US CDC reports 200,275 coronavirus deaths

  • 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 23 Sep, 2020 11:50pm
JPMorgan set to pay $1bn in spoofing penalty
Money & Banking

JPMorgan set to pay $1bn in spoofing penalty

  • Spoofing is a practice in which traders place orders they intend to cancel to move prices to benefit their market positions.
  • A JPMorgan spokesman declined to comment, but pointed to previous public filings in which the bank had disclosed that authorities.
Published 23 Sep, 2020 11:22pm
Pompeo warns local US politicians to be alert to Chinese 'influence and espionage'
USA

Pompeo warns local US politicians to be alert to Chinese 'influence and espionage'

  • Know that when you are approached by a Chinese diplomat, it is likely not in the spirit of cooperation or friendship.
  • The latest swipe at Beijing comes in the run-up to the November presidential election, in which US President Donald Trump has made a tough approach to China an important foreign policy platform.
Published 23 Sep, 2020 11:20pm
Bulgaria expels two Russian diplomats accused of spying
Europe

Bulgaria expels two Russian diplomats accused of spying

  • EU and NATO member Bulgaria, which usually maintains good ties with Russia, has kicked out three other Russian diplomats over espionage allegations.
  • Bulgaria's foreign ministry has declared two Russian diplomats 'personae non gratae' and has informed the Russian embassy with a diplomatic note.
Published 23 Sep, 2020 11:18pm
UK's Sunak to offer lifeline to furloughed workers
Europe

UK's Sunak to offer lifeline to furloughed workers

  • Sunak to set out future of furlough around 1130 GMT on Thursday.
  • Crisis scheme that supported 9 mln jobs due to end next month.
  • Future support to be aimed at workers who return part-time – BBC.
Published 23 Sep, 2020 11:05pm
Sanjrani calls on Sarwar
Pakistan

Sanjrani calls on Sarwar

  • The Governor Punjab said the opposition should wait for the next general election instead of resorting to politics of protests.
Published 23 Sep, 2020 09:07pm
Trump announces new Cuba-related sanctions

Trump announces new Cuba-related sanctions

  • "Today as part of our continuing fight against communist oppression I am announcing that the Treasury Department will prohibit US travelers from staying at properties owned by the Cuban government,"
Published 23 Sep, 2020 08:23pm
Gold prices decreases Rs700
Pakistan

Gold prices decreases Rs700

  • The gold prices in the international market decreased by $15 and was traded at $1892 against $1907, the association reported.
Published 23 Sep, 2020 08:21pm
Rupee stable against dollar
Exchange

Rupee stable against dollar

  • The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 78 paisas and closed at Rs. 194.38 against the last day’s trading of Rs. 195.16.
Published 23 Sep, 2020 06:33pm
PML-N divided into two groups: Ch Fawad
Pakistan

PML-N divided into two groups: Ch Fawad

  • Talking to a private news channel, he said Maryam Nawaz should be announced her separate group now, adding Sharif family and PML-N politics was totally based on hypocrisy.
Published 23 Sep, 2020 06:26pm
Coping with COVID-19: The Pakistan Experience
Currency

Coping with COVID-19: The Pakistan Experience

Center for Global Development (CGDev) in partnership with the Consortium for Development Policy Research (CDPR) organized a webinar, ‘Coping with COVID-19: The Pakistan Experience,’ bringing together a panel of experts to discuss Pakistan’s experience with COVID-19, its impact on the country’s health sector and economy, and the lessons learned from the evolving national response. It also explored the impact of social safety nets and digital ID systems on the pandemic response and recovery.
Published 23 Sep, 2020 05:14pm
Rouble slips, Yandex shares outperform
Forex

Rouble slips, Yandex shares outperform

  • The rouble was 0.3pc weaker against the dollar at 76.31, moving towards 76.5950, its lowest level since April which it hit earlier in September.
Published 23 Sep, 2020 03:57pm
DGA Sindh’s report reveals massive corruption, irregularities in government departments

DGA Sindh’s report reveals massive corruption, irregularities in government departments

  • The Director General Audit (DGA), Sindh’s report for the year 2016-17, has found massive irregularities worth billions in various government departments.
  • The province’s bureaucracy has failed to respond or comply with the Audit’s board recommendations.
  • Sindh’s provincial government has not taken action, fueling speculations of lawmaker’s involvement on the scandal.
Published 23 Sep, 2020 02:18pm
Check out this Japanese lamp can kill coronavirus
Technology

Check out this Japanese lamp can kill coronavirus

  • With the development of a vaccine still under trial, a Japanese lighting company Oshio has found another solution to the problem and has developed a device that emits ultraviolet rays that can kill the COVID-19 virus without harming humans.
Published 23 Sep, 2020 12:23pm
Reliance says KKR to invest $755.1 million in retail arm
Companies

Reliance says KKR to invest $755.1 million in retail arm

  • KKR's investment will translate to a 1.28% stake in Retail Ventures Ltd, according to Reliance. Reliance, controlled by Asia’s richest man Mukesh Ambani has been looking to expand rapidly online to take on the likes of Walmart Inc’s Flipkart and Amazon.com Inc’s Indian arm.
Published 23 Sep, 2020 09:57am
Exporters’ energy woes
Exchange

Exporters’ energy woes

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has shown its dismay and surprise on the...
Published 23 Sep, 2020 07:39am
Global trade: Not okay
BR Research

Global trade: Not okay

Globalization and international merchandise trade is down as predicted by relevant watchers—and all signs indicate...
Published 23 Sep, 2020 07:38am
Coal burning out?
BR Research

Coal burning out?

Coal prices have been falling over the past two years—recording their lowest in nearly five years after reaching a...
Published 23 Sep, 2020 07:36am
Security Papers Limited
Mutual Funds

Security Papers Limited

Security Papers Limited (PSX: SEPL) was established in 1965 as a private company. It was converted into a public...
Published 23 Sep, 2020 07:36am
Fazl hits out at PTI govt
Pakistan

Fazl hits out at PTI govt

KARACHI: Chief of Jamiat Ulema-e-Islam, Maulana Fazlur Rehman on Monday hit out at the PTI government over ...
Updated 23 Sep, 2020 03:14am
Palestine quits chairing AL sessions

Palestine quits chairing AL sessions

RAMALLAH: Palestine has quit its current chairmanship of Arab League meetings, the Palestinian foreign minister said...
Published 23 Sep, 2020 02:48am
Blast rocks Hezbollah site
World

Blast rocks Hezbollah site

AIN QANA, (Lebanon): An explosion rocked a Hezbollah site in a village in southern Lebanon on Tuesday, residents...
Published 23 Sep, 2020 02:48am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Tuesday (September 22, 2020) and the forecast for Wednesday (September 23, 2020)....
Published 23 Sep, 2020 02:48am
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 23 Sep, 2020 02:48am
JLI MEESEQ Fund Rates
Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Tuesday (September 22, 2020). ======================== Offer Price 1,177.9509...
Published 23 Sep, 2020 02:48am
JLI MANAGED TAKAFUL FUND
Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Tuesday (September 22, 2020). ======================== Offer Price...
Published 23 Sep, 2020 02:48am