News Archives for Latest - 2020-09-30

Sports

Serena pulls out of French Open with Achilles injury

Williams, a three-times former champion at Roland Garros, said she may not play again this year.
"I was struggling to walk so that's a tell tale sign that I should try to recover."

Updated 01 Oct, 2020 01:14am

Commodities

Copper rebounds on upbeat Chinese and US economic data

Copper fluctuated between modest losses and gains in early trade but climbed after the US payrolls data was released.
The data overnight shows China is clearly improving, but at the same time so has the data in terms of available copper stocks over the past few days.

Published 30 Sep, 2020 11:52pm

Sports

Top seed Halep beats Begu to extend winning run to 16

Halep had won all the previous seven meetings with her 73rd-ranked opponent and jumped to a 3-0 lead on Court Suzanne Lenglen.
Begu hit seven more winners than the 2018 champion but also had 15 more unforced errors.

Published 30 Sep, 2020 11:50pm

South Asia

India allows states to reopen schools gradually amid rising coronavirus cases

India reported nearly 80,500 new coronavirus cases in the past 24 hours, taking its tally to 6.23 million.
Students may attend schools/institutions only with the written consent of parents.

Published 30 Sep, 2020 11:48pm

Forex

Dollar slides as risk sentiment rises on US stimulus hopes

Mnuchin, Pelosi express hope for new stimulus bill.
Debate confirms uncertain election outlook, boosts dollar.
US private employment rises in September.
US GDP final estimate shows steep contraction.

Published 30 Sep, 2020 11:46pm

Sports

Errani accuses wheelchair-bound Bertens of exaggerating injury

Dutch fifth seed Bertens left court in a wheelchair screaming in pain after saving a match point and looking close to collapsing with cramp near the end of her 7-6(5) 3-6 9-7 win.
Errani, playing in her first Grand Slam main draw for two years after a doping ban, left court screaming Italian expletives.

Published 30 Sep, 2020 11:43pm

Exchange

Tunisia central bank cuts key interest rate by 50 bps to 6.25pc

It is the only second time the bank has lowered borrowing costs since 2011 nd follows a 100 basis point rate cut in March responding to the coronavirus outbreak.
Foreign investment decreased by 14 percent in the first half of this year, to 1.1 billion Tunisian dinars ($398 million).

Published 30 Sep, 2020 11:40pm

Commodities

Paris wheat rallies on US grain stocks, Black Sea sowing risks

Benchmark December milling wheat on the Paris-based exchange settled 5.50 euros or 2.9% higher at 197.75 euros ($231.59) a tonne.
The intraday peak also marked a 4-1/2 month high for a spot price.

Published 30 Sep, 2020 11:39pm

Stocks

Wall Street jumps on stimulus hopes, upbeat data

Pelosi, Mnuchin hope for COVID-19 relief deal.
Investors wary after chaotic first US presidential debate.
US private payrolls rise more than expected in Sept – ADP.
Indexes up: Dow 1.79%, S&P 1.35%, Nasdaq 1.24%.

Published 30 Sep, 2020 11:38pm

Commodities

Cotton gains along with equities; set for fourth monthly gain

The contact has added about 1.4% for the month due to crop damage worries from Hurricane Sally and storm Beta.
We are seeing a little bit of repositioning ahead of the end of the month.

Published 30 Sep, 2020 11:36pm

Stocks

Equities edge higher, dollar gains on last day of choppy quarter

Republican President Donald Trump and Democratic rival Joe Biden battled over Trump's record on the coronavirus pandemic.
MSCI's gauge of stocks across the globe gained 0.65% following modest gains in Europe and mixed trading in Asia.

Published 30 Sep, 2020 11:34pm

Europe

France and Turkey at odds as Karabakh fighting divides NATO allies

New clashes broke out on Sunday in decades-old conflict.
France and Turkey trade recriminations over fighting.
Dozens of people reported killed in Caucasus flare-up.
Fears for pipelines bringing oil, gas to world markets.

Published 30 Sep, 2020 11:31pm

USA

Pelosi, Mnuchin meet in bid to reach US COVID-19 relief deal

Hours before the meeting, Mnuchin said he thought that he and Pelosi could "reach a reasonable compromise" in the next day or two.
Pelosi said: "I'm hopeful. We'll just see what they come back with today and how our negotiations go next."

Published 30 Sep, 2020 11:28pm

Exchange

Bayer to cut more than 1.5bn euros in costs

The cash flow freed up would be allocated for investments in further innovation, profitable growth opportunities and debt reduction.
Bayer said it expects 2021 sales to be about the same as in 2020, despite significant headwinds from COVID-19.

Published 30 Sep, 2020 11:27pm

Stocks

Asana shares jump nearly 29pc in NYSE debut

Asana's stock opened at $27 per share, giving it a valuation of $4.17 billion.
The NYSE had set a reference price of $21 per share.

Published 30 Sep, 2020 11:24pm

USA

Voters will 'not stand for' Trump refusing to leave office, Biden says

Biden urged Americans to vote for him in large numbers to eliminate any possibility of the Republican Trump staying in the White House if he lost the election.
Trump, who won a four-year term in 2016, was asked at the debate in Cleveland whether he would accept the 2020 result and said:

Published 30 Sep, 2020 11:22pm

Sports

Ostapenko eyes consistency but faces tricky Pliskova test

Ostapenko rose as high as number five in the world a year on from her Roland Garros triumph.
"I have to be more confident in my game, more consistent," the world number 43 told reporters.

Published 30 Sep, 2020 11:19pm

Exchange

Palantir surges 38pc in New York debut, valuation at nearly $22bn

Its shares traded at $10 apiece, compared with a reference price of $7.25 per share set by the New York Stock Exchange on Tuesday.
The listing is a landmark moment for Palantir and puts an end to years of speculation about when the company.

Published 30 Sep, 2020 11:16pm

Europe

EU financial services chief will cut off City of London if necessary

After Dec. 31, when a transition deal ahead of a full-blown Brexit ends, financial services companies in Britain will have to access the EU via its "equivalence" system.
The EU has already granted temporary access to UK clearing houses from January under this regulatory regime.

Published 30 Sep, 2020 11:15pm

Commodities

Corn, soy, wheat surge on lower-than-expected US grain stocks

USDA data sparks rally in farm markets.
Data show smaller-than-expected grain stocks.
Traders await US export sales data Thursday.

Published 30 Sep, 2020 11:14pm

USA

Ex-FBI Director Comey defends FBI Russia probe in Senate hearing

The Senate Judiciary Committee hearing produced no new disclosures about the FBI investigation.
Senate Republicans say the FBI probe of Trump's campaign, later handed off to Special Counsel Robert Mueller.

Published 30 Sep, 2020 11:12pm

Exchange

Nikola CEO confident of closing deal with energy partner, shares up almost 21pc

Nikola will still announce by year-end a collaboration to build hydrogen-refueling stations.
We've talked to all of those folks and those discussions are continuing,

Published 30 Sep, 2020 11:08pm

Industry

South Africa to launch tender for mobile broadband spectrum

Allocation of frequency bands for wireless communication is seen as key to expanding broadband services, especially 5G.
The authority will make available 406 MHz of spectrum for the provision of mobile broadband services in South Africa,

Published 30 Sep, 2020 11:06pm

Sports

Lukaku double fires Inter Milan to big win at Benevento

The Belgian striker fired the visitors in front after 28 seconds and Inter soon raced away as a Roberto Gagliardini strike.
Substitute Lautaro Martinez scored with a neat finish after the break before Caprari notched his second to earn Pippo Inzaghi's side a consolation.

Published 30 Sep, 2020 11:00pm

Pakistan

KP CM directs timely completion of health, education sector projects

The chief minister warned that every department would be responsible for timely implementation of projects reflected in Annual Development Programme (ADP).

Published 30 Sep, 2020 08:11pm

Pakistan

CM felicitates China on national day

He said it was commendable that the Chinese nation had waged a successful struggle against corruption, unemployment and poverty under its great leadership.

Published 30 Sep, 2020 08:09pm

Pakistan

Deadline of Ehsaas Cash payments for those facing issues extended till Oct 30

Ehsaas had opened online portal to receive applications from eligible beneficiaries with biometric verification issues two months ago.

Published 30 Sep, 2020 08:07pm

Pakistan

ECC approves Rs.19, 656.213mn for PSM employees retrenchment plan

The ECC, in an earlier meeting, asked the Ministry of Industries and Production to submit the list of non- litigants and their dues.

Published 30 Sep, 2020 08:05pm

Pakistan

Gandapur condemns Indian action against Amnesty International

Amnesty International yesterday announced halting its work in India after the Indian government froze its bank accounts in an act of reprisal for the organization’s human rights work.

Published 30 Sep, 2020 08:01pm

Europe

UK PM dodges internal rebellion on virus rules

"When you have the virus going up in the way that it is now in some parts of the country, you have to take strong, local action," Johnson told the Commons.

Published 30 Sep, 2020 08:02pm

World

UK nets post-Brexit fisheries deal with Norway

Britain's trade talks with the EU have been deadlocked on key issues including fishing rights.

Published 30 Sep, 2020 08:00pm

World

Azerbaijan 'determined' to fight until Armenian troops leave Karabakh

The long-simmering conflict erupted on Sunday with both sides blaming each other for the outbreak of violence.

Published 30 Sep, 2020 07:57pm

World

TikTok will be shut down if Oracle deal meeting U.S. security needs can't be closed: Mnuchin

U.S. treasury secretary says Oracle will be responsible for rebuilding the code, sanitizing the code, making sure it's safe in their cloud

Published 30 Sep, 2020 07:51pm

World

EU slams Hungary and Poland in rule of law report

The assessment prepared by the European Commission, the bloc's executive, voices "serious concern" about judicial independence in both Hungary and Poland.

Published 30 Sep, 2020 07:56pm

Europe

Czech government announces state of emergency from Monday to curb COVID-19

Earlier, Health Minister Roman Prymula said the government would call the state of emergency for 30 days, and at least for the first two weeks would limit gatherings to 20 people.

Published 30 Sep, 2020 07:41pm

Europe

UK PM Johnson tells ministers impact not immediate from new coronavirus measures

The PM said we took swift and decisive action last Tuesday, announcing a package of measures designed to stem the spread of the virus, whilst protecting education and the economy.

Published 30 Sep, 2020 07:49pm

World

Pompeo calls for pope to show 'courage' over China

Pompeo is not meeting Pope Francis because the pontiff avoids such audiences in campaign periods, a Vatican source said.

Published 30 Sep, 2020 07:53pm

Money & Banking

China's central bank, banking and insurance regulator establish countercyclical capital buffer mechanism

They will regularly assess and adjust countercyclical capital buffer requirements to prevent systemic financial risks, according to a statement posted on the People's Bank of China (PBOC) website.

Published 30 Sep, 2020 07:53pm

Currency

Turkish inflation seen above 12pc again in September

Annual inflation last stood above 12pc in June and then dipped slightly below it in the last two months.

Published 30 Sep, 2020 07:50pm

World

Political polarisation have made Americans more accepting of anti-democratic behavior, warns report

What if a respected politician, one with unanimously accepted positions on a wide range of issues, does or says something antidemocratic? Will that have any impact on the voting patterns and electoral behavior?

Updated 30 Sep, 2020 07:52pm

USA

Brazil jobless rate hits record 13.8%

The rate is the highest since the current tracking method was introduced in 2012, and two percentage points above same period last year.

Published 30 Sep, 2020 07:48pm

Commodities

Ukraine grain exports down 11.2pc so far in 2020/21 season

The data showed that the overall export volume included 8.2 million tonnes of wheat, 2.9 million tonnes of barley and 631,000 tonnes of corn.

Published 30 Sep, 2020 07:46pm

Asia

China approves arrest of Hong Kong 'speedboat fugitives'

The prospect of Hong Kongers getting entangled in China's judicial system was the spark that lit seven months of protests last year.

Published 30 Sep, 2020 07:45pm

Forex

Canadian dollar pares its monthly decline as economy recovers further

The Canadian dollar was trading 0.2pc higher at 1.3366 to the greenback, or 74.82 U.S. cents, having touched its weakest intraday level since Aug. 4 at 1.3420.

Published 30 Sep, 2020 07:43pm

Europe

Hungary calls EU rule of law report 'absurd and false'

The report, Varga said, "is written by organisations from a centrally financed international network engaged in a coordinated political campaign against Hungary".

Published 30 Sep, 2020 07:43pm

Europe

Swiss middle schoolers protest over 'shaming' dress code enforcement

One sign at the protest asked: "When will there be a T-shirt of shame for teachers who sexualise their students?"

Published 30 Sep, 2020 07:41pm

Africa

Kenya inflation slows to 4.20pc in year to September

Inflation has stayed within the government's preferred band of 2.5-7.5pc , giving policymakers flexibility while setting lending rates during the coronavirus crisis.

Published 30 Sep, 2020 07:39pm

Europe

Poland's powerbroker Kaczynski joins govt as deputy PM

The PiS risked leading a minority government or snap elections after coalition MPs broke ranks last week over the adoption of a controversial animal rights bill.

Published 30 Sep, 2020 07:39pm

Stocks

TSX opens higher on upbeat economic growth data

At 09:33 a.m. ET (13:33 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 24.9 points, or 0.15pc, at 16,236.42.

Published 30 Sep, 2020 07:38pm

Middle East

Kuwait's late emir buried after his successor is sworn in

Sheikh Sabah, who ruled the oil-rich nation for 14 years, died on Tuesday after undergoing treatment in hospital in Minnesota from July.

Published 30 Sep, 2020 07:36pm

Money & Banking

Indonesia central bank relaxes short-term liquidity loan rules for banks

The measures were aimed at "strengthening BI's function as lender of the last resort" while also maintaining good corporate governance, the central bank said.

Published 30 Sep, 2020 07:36pm

Energy

US natgas futures ease as rising offset higher demand forecasts

Data provider Refinitiv said output in the Lower 48 US states rose to a two-week high of 87.2 billion cubic feet per day (bcfd) on Tuesday from a four-month low of 84.4 bcfd last week.

Published 30 Sep, 2020 07:34pm

Stocks

US stocks jump on jobs data, stimulus hopes

The broad-based S&P 500 gained 1.0 percent to 3,367.44, while the tech-rich Nasdaq Composite Index advanced 1.1 percent to 11,202.52.

Published 30 Sep, 2020 07:35pm

USA

US Treasury's Mnuchin 'hopeful' for coronavirus aid compromise with Democrats

Mnuchin told a CNBC investor conference that he is continuing recently revived talks with House Speaker Nancy Pelosi and said he thinks they can "reach a reasonable compromise."

Published 30 Sep, 2020 07:32pm

Europe

Chile unemployment drops to 12.9pc, remains near decade-long high

The improvement in the unemployment rate beat market expectations, but remained above the same period the previous year.

Published 30 Sep, 2020 07:31pm

Stocks

TSX gains on upbeat economic growth data

The Canadian economy clawed back from pandemic lows, though the pace of growth slowed through the summer, data showed on Wednesday.

Published 30 Sep, 2020 07:28pm

Middle East

Saudi government expects inflation to hit 3.7pc after VAT hike

The government expects inflation to hit 2.9pc in 2021, the document showed.

Published 30 Sep, 2020 07:26pm

Europe

Jordan reports 1,767 COVID-19 cases in highest daily tally since outbreak

The country's total number of confirmed infections now stands at 11,816 with 61 deaths since the first case surfaced in early March, Saad Jaber said in a statement.

Published 30 Sep, 2020 07:25pm

Forex

Rouble rebounds past 78 vs dollar from weakest levels since March

The rouble crashed to its weakest level since late March of 79.9750 versus the dollar this week but by 1400 GMT on Wednesday it was up 1.7pc on the day at 77.78 against the greenback.

Published 30 Sep, 2020 07:24pm

Forex

Mexican peso shines, Brazil's real flat amid fiscal worries

The peso sought to make up for losses over the last three sessions and was poised for its best session in three weeks.

Published 30 Sep, 2020 07:20pm

Pakistan

New visa regime for Afghanistan to bring neighbors closer: Speaker NA

He said that this decision came at a time when Dr. Abdullah Abdullah, the Chair of the High Council for National Reconciliation in Afghanistan was in Pakistan.

Published 30 Sep, 2020 07:18pm

Pakistan

Gold prices decrease Rs300 to Rs111,800

The price of per tola silver and that of 10 gram remained constant at Rs. 1200 and Rs. 1028.80 respectively.

Published 30 Sep, 2020 07:17pm

Bullion Rate

Bullion rates in Hyderabad gold market

Following were the bullion rates in Hyderabad gold market on Wednesday.

Published 30 Sep, 2020 07:15pm

Pakistan

People urged to support cleaning activities in Karachi

Murtaza Wahab said that it is our responsibility to keep Karachi clean and restore its identity for which our administrators are working on the direction of Sindh government.

Published 30 Sep, 2020 07:11pm

Sports

Northern begin National T20 Cup title defence with 79-run win

Haider and Zeeshan put up a record-breaking 180 runs partnership for the winning side.

Published 30 Sep, 2020 07:09pm

Pakistan

Govt identifies certified wheat seed to make country wheat secure: Syed Fakhar Imam

The committee decides all provinces will send proposals for support prices of wheat as soon as possible and later on MSP will be approved by ECC and Cabinet.

Published 30 Sep, 2020 07:09pm

Exchange

New SNC ensures hate free material: Shafqat

He stated this during a meeting with Education Minister Khyber Pakhtunkhaw, Shahram Khan Tarkai who called on him here.

Published 30 Sep, 2020 07:07pm

Pakistan

Local LPG price increases by Rs33,91 per 11.8-kg cylinder

According to the notification, the authority has increased the locally produced LPG price by Rs. 33.91 per cylinder of 11.8 kilogram.

Published 30 Sep, 2020 07:05pm

Pakistan

Promotion of IT, connectivity vital for country’s progress: PM

He said the MoU would lead to wider connectivity in these remote areas, thus paving a way for development and prosperity.

Published 30 Sep, 2020 07:02pm

Pakistan

Elderly people should be treated with due veneration, dignity: Dr Shireen Mazari

The law also proposes the establishment of a Senior Citizen’s Council, which will work towards ensuring that senior citizens are given priority in hospitals and medical facilities.

Published 30 Sep, 2020 07:00pm

Pakistan

Shehbaz has shown bravery and stood by party's manifesto despite odds, says Nawaz Sharif

Former premier says the treatment being meted out to PML-N leaders by government institutions is shameful and condemnable

Updated 30 Sep, 2020 07:00pm

Pakistan

Bilawal hiding Sindh govt aides’ assets from public: Shahzad

He said the people of Sindh would have to move a private member bill in the provincial assembly for making possible the assets declaration by the Sindh government aides.

Published 30 Sep, 2020 06:58pm

Pakistan

SC rejects Rehman Malik's petition against IHC verdict

During the course of proceedings, Advocate General Islamabad Niaz Ullah Niazi said case should be registered against the petitioner.

Updated 30 Sep, 2020 06:58pm

Pakistan

President appoints Vice Admiral Amjad Khan Niazi as new Chief of Naval Staff

Vice Admiral Amjad Khan will replace Admiral Zafar Mahmood, who will relinquish the Command of Pakistan Navy on October 6

Published 30 Sep, 2020 06:36pm

Time to build resilient coalition to end Islamophobia, says Qureshi

Foreign minister urges UNGA to declare an 'International Day to combat Islamophobia'

Published 30 Sep, 2020 06:02pm

Sports

Haider, Zeeshan shatter record in National T20 Cup opener

The due helped Northern reach a total of 242 runs in their 20 overs.

Updated 30 Sep, 2020 05:48pm

Pakistan

COAS praises role, sacrifices of army veterans

ISPR says General Bajwa met with retired officers of the first batch of Pakistan Military Academy at General Head Quarters

Published 30 Sep, 2020 05:22pm

Pakistan

86 new case of COVID-19 reported in Punjab

The Punjab health department has conducted 1,251,940 tests for COVID-19 so far while 95,449 confirmed cases recovered in the province.

Published 30 Sep, 2020 05:17pm

Pakistan

FBR revises upwards rates of Duty Drawback for leather sector: Razak

Razak Dawood said the Pursuant to Prime Minister's vision of “Make in Pakistan”, Pakistan Customs (FBR) has revised upwards rates of ‘DD’ for Leather sector.

Published 30 Sep, 2020 05:14pm

NAB accepts VR plea to recover Rs14.149mn

According to the annual report 2019, “the bureau had accepted voluntary return (VR) application for recovery of Rs. 14.149 million.”

Published 30 Sep, 2020 05:08pm

Pakistan

NEPRA completes hearing into 98 paisa power tariff hike

The power regulator decided to give a decision after verification of data provided by CPPA.

Published 30 Sep, 2020 05:04pm

Pakistan

Govt to look after children's health by ensuring implementation on SOPs: Shafqat

The schools have been opened and the number of students show that the parents were satisfied with the policy of government for reopening of schools under strict COVID-19 SOPs.

Published 30 Sep, 2020 05:03pm

Pakistan

Anti polio drive to start from Monday

He said that every round of anti polio campaign was important for complete eradication of this virus, therefore, all rules and regulations should be followed with true spirit for success of the campaign.

Published 30 Sep, 2020 05:01pm

Exchange

Rupee gains 18 paisas against dollar

The State Bank of Pakistan reported that in interbank trading, the price of euro appreciated by 60 paisas and closed at Rs. 194.33 against the last day’s trading of Rs. 193.73.

Published 30 Sep, 2020 04:55pm

Pakistan

Firdous Shamim Naqvi resigns as Sindh opposition leader

Sindh governor said that Prime Minister Imran Khan has not taken any decision regarding Naqvi’s resignation.

Published 30 Sep, 2020 04:56pm

South Asia

Philippines records 2,426 new coronavirus cases, 58 deaths

In a bulletin, the ministry said total confirmed cases had increased to 311,694, nearly a third of which were reported in September alone, while deaths had reached 5,504.

Published 30 Sep, 2020 04:52pm

Stocks

China shares end lower, record worst monthly loss in over 1 year

The Shanghai Composite index ended down 0.2pc at 3,218.05 and the blue-chip CSI300 index 0.1pc.

Published 30 Sep, 2020 04:50pm

Life & Style

Veteran actor Mirza Shahi dies following Covid-19 diagnosis

Shahi's fans and colleagues expressed their grief at his demise.

Updated 30 Sep, 2020 04:50pm

Forex

Dollar ticks up after Trump/Biden debate

The dollar index against a basket of currencies crept above the 94 mark, after two days of losses that followed the dollar reaching a two-month high last week.

Published 30 Sep, 2020 04:47pm

Pakistan

PM Khan admits to Balochistan being neglected by past governments

On Wednesday, Prime Minister Imran Khan admitted that the province of Balochistan has been neglected for decades, due to which it continues to struggle at the lower end of human development indicators in the country.

Published 30 Sep, 2020 04:30pm

Asia

Indonesia reports 4,284 new coronavirus cases, 139 deaths

There were also 139 additional coronavirus-related deaths reported, taking the total number of fatalities to 10,740.

Published 30 Sep, 2020 04:44pm

Commodities

Ukraine faces slowest winter wheat sowing in 10 years

Ukraine controls about 16pc of global grain exports and sold 57.2 million tonnes of grain abroad in the 2019/20 season.

Published 30 Sep, 2020 04:42pm

Forex

Ugandan shilling unchanged, investor flows to lend support

At 0752 GMT, commercial banks quoted the shilling at 3,713/3,723 to the dollar, same level as Tuesday's close.

Published 30 Sep, 2020 04:40pm

Europe

Turkey will provide support if Azerbaijan requests it: foreign minister

Fighting between Azerbaijan and ethnic Armenian forces entered a fourth day on Wednesday in the biggest eruption of their decades-old conflict since a 1994 ceasefire.

Published 30 Sep, 2020 04:38pm

Pakistan terms acquittal of Babri Mosque perpetrators as ‘shameful’

FO said this is another manifestation of the pliant judiciary under the extremist Bharatiya Janata Party ( BJP) RSS regime.

Published 30 Sep, 2020 04:38pm

Stocks

Dubai leads major Gulf markets up as financials rise

Saudi Arabia's benchmark index edged up 0.2pc, supported by a 0.8pc gain in Jabal Omar Development and 0.2pc increase in Al Rajhi Bank.

Published 30 Sep, 2020 04:37pm

Commodities

Gold set for worst month since November 2016 on stronger dollar

Spot gold fell 0.6pc to $1,886.78 per ounce by 0812 GMT, declining 4.2pc so far in the month in what would be its worst monthly performance since November 2016.

Published 30 Sep, 2020 04:32pm

Forex

Sterling falls after Brexit bill opposed by EU passes UK parliament

Sterling's decline was small; the bill's passage was expected and market participants have increased their expectations of a Brexit deal.

Published 30 Sep, 2020 04:29pm

Europe

Merkel: Germany can avoid second coronavirus lockdown

The country reported 2,089 new coronavirus cases on Tuesday, bringing the total to 287,421, with 9,471 fatalities, the Robert Koch Institute for infectious diseases said.

Published 30 Sep, 2020 04:28pm

Europe

Belgium's coronavirus death toll crosses 10,000

The country of 11 million people recorded, on average, 1,550 new infections per day over the past week, up from about 80 a day in early July.

Published 30 Sep, 2020 04:25pm

Energy

UK GAS-Prices slump on oversupply, higher Norwegian imports

Britain's gas system was oversupplied by 17 million cubic metres (mcm) with demand forecast at 180.5 mcm and flows at 197.5 mcm/day, National Grid data showed.

Published 30 Sep, 2020 04:24pm

Stocks

European shares set for monthly loss on virus, US election worries

French waste and water management company Suez SA jumped 7.1pc after bigger rival Veolia raised its offer to buy a 29.9pc stake in the company.

Published 30 Sep, 2020 04:23pm

Stocks

FTSE 100 on course for monthly decline as virus fears rise

Fears of further economic stress due to rising COVID-19 cases, coupled with Brexit uncertainty, have washed out gains seen over the previous month and dampened risk sentiment.

Published 30 Sep, 2020 04:11pm

Technology

FWBL launches E- Health Financing Loan through Sehat Kahani app

Under this partnership, the healthcare providers can get loan-based financing through First Women Bank Limited facilitated by Sehat Kahani.

Published 30 Sep, 2020 04:13pm

Sports

Quarantine rules delay Sri Lanka Premier League

SLC said the auction of players for the LPL, which was due on Thursday, had also been postponed.

Published 30 Sep, 2020 04:11pm

Exchange

Mourinho laments hectic schedule after Carabao Cup triumph

Tottemham Hotspurs down Chelsea on 5-4 on penalties to proceed to the next round.

Updated 30 Sep, 2020 04:11pm

Europe

Slovakia reports its largest single-day count of new COVID-19 cases

The central European country of 5.5 million people has one of Europe's lowest death tolls from the disease and kept case numbers low during an initial wave in March and April.

Published 30 Sep, 2020 04:10pm

Forex

Rouble regains ground after hitting weakest level vs dollar since March

The dollar-denominated RTS index was up 0.8pc to 1,164.9 points.

Published 30 Sep, 2020 04:06pm

Forex

Turkish lira rises from record lows, EM equities set for monthly decline

The Polish zloty and the Hungarian forint were up against the euro on Wednesday but were set for monthly declines of more than 2pc each.

Published 30 Sep, 2020 04:04pm

Asia

India receives above average monsoon rains for second straight year

The extra June-September rainfall will help farmers expand areas under winter-sown crops such as wheat, rice, rapeseed and chickpeas, improving their earnings down the line.

Published 30 Sep, 2020 04:00pm

Stocks

Hong Kong shares rise; China Evergrande boosts property stocks

The sub-index of the Hang Seng tracking energy shares dipped 0.3pc, while the IT sector rose 2.08pc, the financial sector ended 0.08pc higher and the property sector rose 2.03pc.

Published 30 Sep, 2020 03:58pm

Europe

Russia to ban exports of some types of timber from 2022

Putin also called for effective and consistent management of forests and for a tough crackdown on criminality in the logging industry.

Published 30 Sep, 2020 03:56pm

Business & Finance

Shell to cut up to 9,000 jobs in low-carbon transition

The Anglo-Dutch company said it expected to cut 7,000 to 9,000 jobs by the end of 2022, including some 1,500 people who have agreed to take voluntary redundancy this year.

Published 30 Sep, 2020 03:53pm

Money & Banking

Kenya central bank to hold accommodative stance for 'foreseeable future'

"We will hold onto this policy and when there is new data we will act accordingly," Patrick Njoroge told an online news conference.

Published 30 Sep, 2020 03:49pm

Pakistan

We have to determine if Nawaz Sharif is deliberately avoiding court appearances or not: IHC

Justice Kiyani says the suspect must be sitting in London and laughing at the government and the public. It is a matter of extreme humiliation

Updated 30 Sep, 2020 03:51pm

Europe

Poland reports 1,552 new coronavirus cases

Poland announced new restrictions on Tuesday, saying restaurants and bars would have to close at 10 p.m. at the latest in areas worst affected by virus.

Published 30 Sep, 2020 03:47pm

Asia

Hong Kong Open postponed due to COVID-19 pandemic

The event, which is organised by the European and Asian Tours, was due to be held at the Hong Kong Golf Club at the end of November.

Published 30 Sep, 2020 03:44pm

Commodities

Japan to import 5,375 tonnes feed wheat via tender

The ministry had sought 80,000 tonnes of feed wheat and 100,000 tonnes of feed barley to be loaded by December 31 and arrive in Japan by February 25, 2021.

Published 30 Sep, 2020 03:42pm

Forex

Rouble rebounds from weakest levels vs dollar since March

Russian assets have come under selling pressure this week from fears the country would be dragged into the military conflict in the South Caucasus.

Published 30 Sep, 2020 03:38pm

Financial

Greece sells 6-month T-bills, yield drops to -0.1pc

The debt agency sold the new paper at a yield of -0.1pc, down from 0.00pc in a previous sale last month.

Published 30 Sep, 2020 03:36pm

Energy

Japan's gasoline imports jump 27pc in August

Imports totalled 422,654 kilolitres (85,755 barrels per day), up from 332,030 kl a year earlier, but they fell 5.3pc from 446,206 kl in July which was the highest monthly import figure since August 2011.

Published 30 Sep, 2020 03:36pm

Europe

Czech gov't plans state of emergency to impose stricter COVID-19 curbs

The country of 10.7 million reported 1,965 new coronavirus cases on Tuesday, the fourth straight day below 2,000 after a recent surge, Health Ministry data showed on Wednesday.

Published 30 Sep, 2020 03:25pm

Money & Banking

Bank of England seeks to increase competition in home loans

Some bigger banks can use their own internal models for determining the risk weightings and therefore capital levels for home loans they have granted.

Published 30 Sep, 2020 03:23pm

Financial

Bund yields at lowest in almost two months as investors seek safety after US debate

Traders are now looking to European Central Bank officials speaking this session, including ECB President Christine Lagarde and Chief Economist Philip Lane.

Published 30 Sep, 2020 03:21pm

Pakistan

PM orders establishment of National Emergency Helpline after Motorway rape incident

Prime Minister Imran Khan has directed the PM Delivery Unit (PMDU) to establish the national helpline in two months’ time

Published 30 Sep, 2020 03:11pm

Europe

Russian healthcare system prepared to handle any worsening in COVID-19 situation

Kremlin spokesman Dmitry Peskov said Russia had learned lessons from the first wave and saluted what he described as the titanic efforts of the country's federal and regional governments.

Published 30 Sep, 2020 03:19pm

Commodities

Copper dips on economic worries, rising inventories

LME copper stocks surged by nearly 30,000 tonnes to 165,600, data showed on Wednesday, and have more than doubled over the past week.

Published 30 Sep, 2020 03:13pm

World

Worldwide coronavirus deaths cross 1mn, cases exceed 33.63mn

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

Published 30 Sep, 2020 03:08pm

Sports

After false start, Man Utd seek lift-off at Brighton

Red Devils suffered a 3-1 home defeat by Crystal Palace that poured cold water over any pre-season optimism.

Updated 30 Sep, 2020 03:12pm

Life & Style

Netflix says it does not agree with Chinese author's views on Uighur Muslims

Netflix is available in more than 190 countries but does not operate in China.

Updated 30 Sep, 2020 02:57pm

Business & Finance

FBR revise rates of Duty Drawback for leather sector

The determination of revised rates of other sectors will follow, including furniture, footwear, and pharmaceuticals, he said.

Published 30 Sep, 2020 02:51pm

Sports

Bayern and rivals await Champions League draw as pandemic riddle remains

Munich were crowned European champions for the sixth time after beating PSG at an empty Estadio da Luz.

Updated 30 Sep, 2020 02:49pm

Sports

'Nature was calling' says Tottenham's Dier after bathroom break

Spurs were trailing 1-0 with 15 minutes to go when the defender raced off the pitch, followed by a furious Mourinho.

Updated 30 Sep, 2020 02:26pm

Sports

PCB announces player replacements for National T20 Cup

The First XI tournament will be played at the Multan Cricket Stadium and Pindi Cricket Stadium.

Published 30 Sep, 2020 01:56pm

Business & Finance

Govt decides to keep POL rates unchanged for next 15 days

According to a notification issued by the Prime Minister office, the price of High-Speed Diesel has been reduced by Rs2.40 per litre.

Published 30 Sep, 2020 01:31pm

World

WHO praises Pakistan once again for fighting COVID-19, saving economy

WHO chief said country deployed infrastructure built up over many years for polio to coronavirus.

Published 30 Sep, 2020 01:02pm

Cotton

Drip irrigation system: With water scarce, Pakistan helps farmers grow more with less

The switch, besides allowing him to farm with 60% less water, has cut the fertiliser he needs in half as less is washed away and wasted, Rehman said.

Published 30 Sep, 2020 12:54pm

World

Indian court acquits all 32 accused in Babri Mosque demolition case

The acquitted includes two former presidents of the Bharatiya Janata Party (BJP) L. K. Advani and Murli Manohar Joshi.

Published 30 Sep, 2020 12:51pm

Business & Finance

Customers to suffer severe LPG shortage in coming winters, warns Khokhar

He said that LPG, an alternative to natural gas, is also depleting due to which the stoves in the houses would get cold, whereas transport will also stop.

Published 30 Sep, 2020 12:42pm

Business & Finance

Disney to lay off 28,000 employees due to coronavirus hit

About two-thirds of the laid-off employees will be part-time workers, the company said in a statement.

Published 30 Sep, 2020 12:31pm

Exchange

Pakistan to develop AI based cybersecurity solution to counter cyber attack

National Clearing Company of Pakistan Limited (NCCPL) and NED - National Center for Cyber Security (NCCS) have partnered on the development of a comprehensive AI-based cybersecurity solution that will enable smart and efficient security management.

Published 30 Sep, 2020 12:05pm

Technology

1Link Launches PayPak Loyalty Program for customers

Following the partnership, TPL Life will provide complimentary Family Takaful coverage to all new and existing PayPak card holders of Islamic accounts.

Published 30 Sep, 2020 11:51am

Business & Finance

Govt allows Virgin Atlantic to commence flights between Pakistan and UK

The British carrier last month announced that it will start services between Britain and Pakistan in December.

Updated 30 Sep, 2020 11:43am

Life & Style

Disney plans Lion King sequel

The new movie will incorporate the same technology as the 2019 film.

Updated 30 Sep, 2020 11:42am

World

Joe Biden drops 'InshaAllah' during first debate with Donald Trump

When Trump said he will release his taxes, Biden interrupted him asking 'when?' InshaAllah?'

Updated 30 Sep, 2020 11:32am

World

'Will you shut up, man?' - quotes from the first Trump-Biden debate

Biden, told by Trump he had adopted former Democratic presidential rival Bernie Sanders’ “socialized medicine” proposals, said of the president: “Everybody here knows he’s a liar. ... You picked the wrong guy on the wrong night at the wrong time.”

Published 30 Sep, 2020 10:34am

Business & Finance

China's factory activity accelerates at solid pace in September on boost from overseas demand

A private survey, also released on the day, painted a similar picture of the manufacturing sector gaining momentum backed by stronger overseas demand.

Published 30 Sep, 2020 10:25am

Business & Finance

General Atlantic to invest $498.31 million in Reliance's retail arm

The investment gives Reliance Retail a pre money valuation of 4.29 trillion rupees ($58.17 billion).

Published 30 Sep, 2020 10:23am

Business & Finance

Apple grants CEO Tim Cook first major stock package since 2011

“Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity,” Apple’s board of directors said in a statement.

Published 30 Sep, 2020 10:21am

Business & Finance

Seattle approves minimum pay rate for Uber and Lyft drivers

Under the ordinance, effective January, the drivers will now earn at least $16.39 per hour - the minimum wage in Seattle for companies with more than 500 employees.

Published 30 Sep, 2020 10:19am

Currency

First U.S. presidential debate fails to move investors

Republican President Donald Trump repeatedly interrupted Democratic rival Joe Biden in the Cleveland debate, the first ahead of the Nov. 3 U.S. presidential election, that touched on Trump’s taxes, the economy, the coronavirus pandemic and election integrity.

Published 30 Sep, 2020 10:16am

BR Research

Assessing Covid’s impact on well being

Yesterday, Pakistan Bureau of Statistics (PBS) announced its plans to conduct a ‘Special Survey for Evaluating...

Published 30 Sep, 2020 08:03am

BR Research

Power: The monthly fuel cost headache

Power generation data for August 2020 is out and the upward trend has continued – as the total generation went up...

Published 30 Sep, 2020 08:02am

BR Research

Bond auctions - the cat and mouse game

There is a cat and mouse game going on between the Debt Office at Ministry of Finance and banks (mainly top banks’...

Published 30 Sep, 2020 07:56am

BR Research

Global steel- bangs and whimpers

There is no denying that steel moves economies forward—feeding into building construction, infrastructure,...

Published 30 Sep, 2020 07:40am

Currency

Hub Power Company Limited

Hub Power Company Limited (PSX: HUBC) is an independent power producer (IPP) that has over 1600MW combined installed...

Published 30 Sep, 2020 07:30am

Exchange

Wall Street's IPO enemies ready one-two punch

There have only been two direct listings on the New York Stock Exchange in the last two years. There is about to be...

Updated 30 Sep, 2020 03:47am

Opinion

Pandemic-induced food insecurity: policy response

The general linchpin of the food security wheel intends to serve the locality by providing access to sufficient, ...

Updated 30 Sep, 2020 03:45am

Europe

Former IMF chief Rato acquitted

MADRID: A Spanish court on Tuesday acquitted former IMF chief Rodrigo Rato and all other defendants of fraud and...

Updated 30 Sep, 2020 03:25am

Currency

Fall in PKR rates: Businessmen Panel official seeks remedial steps

KARACHI: Former chairman of FPCCI Standing Committee on Agriculture and Businessmen Panel secretary general ...

Updated 30 Sep, 2020 03:23am

Life & Style

Aaj TV - Wednesday's Program schedule

All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Updated 30 Sep, 2020 03:23am

World

Boost for vaccine doses planned for poor as virus rages on

UN Secretary-General said that "responsible leadership matters" in steering the world through the pandemic.

Published 30 Sep, 2020 03:22am

Sports

Messi says he wants to 'put an end' to Barcelona feuding

Messi referred to his attempt to force Barcelona to release him from the final year of his contract.

Published 30 Sep, 2020 03:19am

Letters

Why is restoration of KDA in its original position essential?

In early 90s, the Government of Sindh, on the pressure of a group of people belonging to the rural areas of Karachi,...

Updated 30 Sep, 2020 03:07am

Pakistan

LG polls: ECP launches 'Lead Trainers' exercise

ISLAMABAD: The Election Commission of Pakistan (ECP) on Tuesday launched "Lead Trainers" exercise to enable its 46...

Updated 30 Sep, 2020 03:04am

Pakistan

CM reviews BRT system of Karachi

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has directed transport department to complete the infrastructure ...

Updated 30 Sep, 2020 03:04am

Pakistan

HBFC to take lead in 'Naya Pakistan Housing Project': MD

KARACHI: Syed Basit Aly, Managing Director, House Building Finance Company Limited (HBFC) on Tuesday appeared...

Updated 30 Sep, 2020 03:04am

Pakistan

Petition seeking Murad's disqualification: SHC seeks replies from ECP, CM

KARACHI: The Sindh High Court (SHC) on Tuesday sought replies from the Election Commission of Pakistan (ECP) and the...

Updated 30 Sep, 2020 03:04am

Pakistan

Lasbela Chamber, SAI elect office-bearers

KARACHI: Yakoob H Karim, Arshad Islam and Yasir Shafi have been elected unopposed as president, senior vice ...

Updated 30 Sep, 2020 03:04am

Exchange

Different companies: FBR busts counterfeit cigarette cartel

ISLAMABAD: The Federal Board of Revenue (FBR) has busted counterfeit cigarette cartel of different companies, which...

Updated 30 Sep, 2020 03:04am

Pakistan rejects Indian remarks on G-B elections

ISLAMABAD: Pakistan has categorically rejected the 'unwarranted and irresponsible' remarks made by India's Ministry...