News Archives for Latest - 2020-11-07

World

Tejashwi Yadav-Led Opposition Alliance Ahead In Bihar

The Tejashwi Yadav-led opposition alliance in Bihar is poised to win the most seats in the state, with projections suggesting that it will likely cross the majority threshold; while the National Democratic Alliance (NDA) is placed as a distant second.

Published 07 Nov, 2020 11:02pm

World

Joe Biden beats Donald Trump to become 46th President of the United States

Pennsylvania was enough to get Biden over that halfway line. With leads in Georgia, Arizona and Nevada, he may well end up winning far more than needed - taking those three states would give him a total of 306.

Updated 07 Nov, 2020 10:17pm

World

Trump says 'this election is far from over'

Trump has repeatedly made unfounded claims of fraud in the election.

Published 07 Nov, 2020 10:08pm

ECC approves Rs 1,650 per 40kg wheat MSP

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved Rs1,650 per 40kg as minimum...

Updated 07 Nov, 2020 09:25pm

Pakistan

Authorities seal NUST, NUD, FAST, and NUML depts. in Islamabad amid COVID-19

The move came a day after they had sealed the International Islamic University, in the Islamabad Capital Territory (ICT).

Updated 07 Nov, 2020 09:19pm

Sports

Gambhir calls for Kohli's removal from Bangalore captaincy

Asked if Kohli should be removed from RCB's captaincy, Gambhir told ESPNCricinfo: "100 percent,
"The problem and the accountability starts from the top, not from the management nor the support staff, but from the leader," said Gambhir.

Published 07 Nov, 2020 08:18pm

Energy

Libya's oil output tops one million barrels per day

Oil workers managed to increase the output despite "very difficult circumstances.
The blockade had reduced the OPEC member's oil production to about 100,000 bpd from 1.2 million bpd.

Published 07 Nov, 2020 08:14pm

Europe

Significant differences still remain in EU-UK trade talks

The prime minister set out that, while some progress had been made in recent discussions, significant differences remain in a number of areas.
Some progress has been made, but large differences remain especially on level playing field and fisheries,

Published 07 Nov, 2020 08:11pm

Industry

Volvo recalls 54,000 US vehicles for air bag defect linked to one death

The unit of Geely Automotive is recalling 2001-2003 model S80 and S60 vehicles sold or registered in high humidity US states because the driver side frontal air bag inflator may rupture.

Published 07 Nov, 2020 08:09pm

Europe

Putin, Macron discuss Nagorno-Karabakh conflict

The two leaders expressed serious concern over the large-scale clashes between ethnic Armenian and Azeri forces in the region and the involvement of fighters from Syria and Libya in the conflict.
Putin informed Macron of the steps Russia had taken towards implementing a ceasefire.

Updated 07 Nov, 2020 08:09pm

World

UAE eases Islamic laws for personal freedoms

Residents of the Gulf Arab state will also have the right to choose inheritance laws to be used in each case, instead of the UAE legislation based on sharia (Islamic religious law).

Published 07 Nov, 2020 08:05pm

Sports

Azam leads Pakistan's rout of Zimbabwe in first T20 international

The win gives Pakistan a 1-0 lead in the three-match series.

Published 07 Nov, 2020 07:40pm

Pakistan

Naveed Ali Baig made Chief Executive of Al-Khidmat Karachi

KARACHI: Naveed Ali Baig has been appointed as Chief Executive of Al-Khidmat Karachi. He is serving professional...

Updated 07 Nov, 2020 07:11pm

Companies

Bagallery.com raised $900,000 for its Beauty and Fashion Ecommerce Platform

Pakistan-based Bagallery raised $900,000 for its beauty and fashion ecommerce platform in a Pre-Series A round from Lakson Investments Venture Capital (LIVC).

Updated 07 Nov, 2020 06:50pm

Business & Finance

Pakistan calls for investment in infrastructure to battle against COVID-19

Akram also urged that all measures need to be translated into action.

Updated 07 Nov, 2020 06:46pm

Business & Finance

China Oct exports surge, imports rise amid global recovery

Exports +11.4% y/y in Oct, vs poll's +9.3%.
Imports +4.7% y/y in Oct, vs poll's +9.5%.
Trade balance $58.44 bln vs $46 bln forecast.

Published 07 Nov, 2020 06:43pm

Commodities

China's Oct soybean imports soar to 8.7mn tonne on rising Brazilian, US cargoes

The world's top soybean importer brought in 8.69 million tonnes of the oilseed in October, up from 6.18 million tonnes in the same month of the previous year.
"The rest majority are still Brazilian beans, which (crushers) booked very cheap earlier," Xie said.

Published 07 Nov, 2020 06:40pm

Business & Finance

MoC to hold consultative meeting with plastic industry

The upcoming meeting comes at the backdrop of a meeting held in August 2020 on the 3-year Tariff Road Map, in which the Commerce Ministry had decided to start deliberations on long-term tariff policy for all sectors like plastics, engineering, pharmaceuticals, textiles, etc.

Updated 07 Nov, 2020 06:43pm

PM lays foundation stone of university, hospital in Hafizabad

The university will be constructed at a cost of four point five billion rupees while the new 400-bed facility District Headquarters Hospital building will cost two billion rupees.

Updated 07 Nov, 2020 06:42pm

Energy

China's Oct crude oil imports down 12.2pc m/m as buying frenzy fades

China, the world's No.1 crude oil importer, bought 42.56 million tonnes of the resource last month.
The October imports compared to 11.8 million bpd in September and 10.72 million bpd in October of last year.

Published 07 Nov, 2020 06:38pm

Sports

Djokovic clinches sixth year-end No. 1 ranking to tie Sampras

Spain's 20-time Grand Slam champion Nadal, ranked second, was the only player who had a chance to stop the Serbian from finishing as the top-ranked player in 2020..
"Pete was somebody I looked up to when I was growing up, so to match his record is a dream come true" Djokovic said.

Published 07 Nov, 2020 06:36pm

Commodities

US aid agency to grant $20mn to fund Sudan wheat purchases

The US announced in October that it will rescind Sudan's 27-year-old listing as a state sponsor of terrorism,
It also hampered dollar transactions for Sudanese businesses and complicated imports of some goods.

Published 07 Nov, 2020 06:29pm

Pakistan

Sanaullah Zehri quits PML-N after Nawaz Sharif’s narrative

“From today, Nawaz Sharif is our political opponent,” said Nawab Zehri while announcing his resignation from the PML-N’s Central Executive Committee.

Published 07 Nov, 2020 06:32pm

Pakistan

NAB office attack case: PML-N MPA arrested from Lahore

PML-N workers attacked the National Accountability Bureau (NAB) office in August during Maryam Nawaz’s appearance.

Updated 07 Nov, 2020 06:29pm

South Asia

India's capital suffers from ‘severe’ air pollution for 3rd straight day

The Air Quality Index (AQI) in Delhi state stood at 441 on a scale of 500, indicating "severe" conditions that are hazardous.
Air quality is forecast to stay at the severe to the higher end of very poor category for the next two days.

Published 07 Nov, 2020 06:24pm

Commodities

China copper imports rise 43.4 y/y in Oct, set annual peak in just 10 months

China Oct unwrought copper, product imports at 618,108 tonne.
Imports in first 10 months of 2020 up 41.4% y/y at 5.61mn tonne.
Oct copper concs imports 1.69mn tonne; aluminium exports 418,894 tonne.

Published 07 Nov, 2020 06:20pm

Europe

Georgia introduces night curfew to curb COVID-19

Announced by Deputy Prime Minister Maia Tskitishvili, the measure will come into force on Monday and restrict the movements of pedestrians and vehicles.
The country of 3.7 million people has already made it mandatory to wear masks both indoors and outdoors.

Published 07 Nov, 2020 06:13pm

Middle East

Lebanon's president seeks evidence behind US sanctions on son-in-law

The United States on Friday blacklisted Bassil, leader of Lebanon's biggest Christian political bloc, accusing him of corruption and ties to the Iranian-backed Shi'ite Hezbollah movement that Washington deems a terrorist group.

Published 07 Nov, 2020 05:54pm

Europe

Italy approves 2.9bn euro aid package after new virus curbs

The measures agreed by cabinet late on Friday are worth 2.9 billion euros, a person with knowledge of the matter said.
The package delays to the spring tax payments due in November and increases transfers to businesses operating in the regions classed as "red" or "orange" hit by the strictest limitations.

Published 07 Nov, 2020 06:11pm

Africa

Egypt holds second stage of parliament election

The first phase of voting took place last weekend in 14 governorates including the Mediterranean city of Alexandria and the south of Egypt.

Published 07 Nov, 2020 06:01pm

World

Six countries reported coronavirus on mink farms, WHO says

Italy, the Netherlands, Spain and Sweden are the other nations to have discovered SARS-CoV-2 in minks.

Published 07 Nov, 2020 05:59pm

Middle East

Iran urges next US administration to learn from sanctions

Iranian officials have said they will focus on the policies of the next US administration rather than who becomes president.

Published 07 Nov, 2020 05:58pm

USA

Biden vows virus action on 'day one' as Europe suffers under second wave

More than 127,000 new infections were reported in the US on Friday, the third straight day of record cases.

Published 07 Nov, 2020 05:56pm

Europe

Greece hails Moody's upgrade as 'vote of confidence'

Moody's pointed to the country's growth outlook for next year as well as progress in tax compliance, strengthening institutions and fighting corruption.

Published 07 Nov, 2020 05:54pm

Africa

Air strikes in Ethiopia's Tigray region will continue, PM says

Federal military operation in Tigray began Wednesday.
Defiant Abiy vows 'to end impunity'.
Tigrayan forces seize weapons from military, UN report says.

Published 07 Nov, 2020 05:50pm

Middle East

Iran daily virus infections exceed 9,000

The virus has also claimed another 423 lives in the Islamic republic, raising the total number of victims to 37,832.

Published 07 Nov, 2020 05:53pm

Pakistan

Sindh issues revised set of COVID-19 SPOs as cases resurge

The notification further emphasise of following the precautionary measures at workplaces, public places, and during travelling, especially when using public transportation.

Published 07 Nov, 2020 05:50pm

South Asia

Malaysia extends partial lockdown by a month as COVID-19 cases spike

The lockdown for these regions as well as additional states will now be extended until Dec. 6,
The total number of coronavirus infections so far had reached 39,357, with 282 deaths reported.

Published 07 Nov, 2020 05:48pm

South Asia

Iran reports record daily COVID-19 cases, announces new curbs

The latest Health Ministry data, which registered 9,450 new infections in the last 24 hours, took the total number of confirmed cases to 673,250 and raised the death toll to 37,832,
Starting on Tuesday, for one month, all non-essential businesses will have to close at 6 p.m.

Published 07 Nov, 2020 05:46pm

World

Biden says 'We're going to win this race' as his lead over Trump grows

Americans have been waiting longer than in any presidential election since 2000 to learn the winner, with counting slowed by a record number of mail-in ballots.
"The numbers tell us ... it's a clear and convincing story: We're going to win this race," Biden said.

Published 07 Nov, 2020 05:36pm

Pakistan

COAS Bajwa visits logistic installations of Lahore Corps

COAS said that efficient and smooth logistics will enhance the overall operational readiness and response capacity against adventurism by our enemy.

Updated 07 Nov, 2020 04:50pm

Europe

Over 20,000 people died of COVID-19 in Spanish care homes during first wave, according to government report

The Spanish government estimates that 20,268 COVID-19 related deaths took place at social services facilities for the elderly and for the disabled, during the first wave of the pandemic between March and June.

Published 07 Nov, 2020 04:22pm

Currency

Erdogan oust central bank chief after lira hits record lows

The Turkish currency, lira, has depreciated since the beginning of the year, falling by a record 30 percent.

Published 07 Nov, 2020 03:50pm

Pakistan

22 people fined Rs11,000 for violating SOPs in Karachi

Four marriage halls, a shop, and two hotels were also sealed.

Published 07 Nov, 2020 03:23pm

World

US again breaks daily COVID-19 record with over 127,000 cases

The outbreak has been surging for weeks across the country, with the Midwest worst-hit even as the number of new diagnoses were approaching springtime levels in the south, northeast and west.

Updated 07 Nov, 2020 03:08pm

Companies

Bentley announce to go fully electric by 2030

Following the introduction of the first Bentley fully electric model in 2025 - Bentley’s first cradle to grave fully carbon-neutral car - Bentley will exclusively offer plug-in hybrid and electric models only within its range in 2026. By 2030, this will change to battery electric vehicles only.

Published 07 Nov, 2020 02:48pm

Pakistan

District admin decides to impose smart lockdown in parts of Hyderabad amid COVID-19 resurge

Qasimabad, five union councils of Latifabad and other areas of the city will be placed under the ‘smart lockdown.

Published 07 Nov, 2020 01:59pm

Technology

Amazon to Invest $2.8 billion to set its 2nd Data Center Region in India

Amazon to invest around $2.8 billion to set up a new AWS Cloud region in India.

Published 07 Nov, 2020 01:08pm

Industry

Pakistani Engineers' New Device Reduces Electricity Usage at Home by 20pc

A team of electrical engineering graduates from NUST at ENENT developed a device to reduce electricity use at home by 20%.

Updated 07 Nov, 2020 12:37pm

USA

Corruption continues to halt progress in Afghanistan, according to SIGAR report

With the international community's attention squarely fixed on the ongoing intra-Afghan peace talks in Doha, the plethora of challenges facing the fragile government are nowhere near resolution.

Published 07 Nov, 2020 12:00pm

Exchange

All-cargo air service launched linking ASEAN, China & Pakistan

As per Chinese media, some two to four flights will run on the route on a weekly basis.

Published 07 Nov, 2020 11:45am

World

India's coronavirus cases reach 8.5 million - health ministry

Deaths rose by 577 in the last 24 hours, taking total mortalities to 125,562, the ministry said.

Published 07 Nov, 2020 11:36am

World

'We're going to win this race': Biden predicts victory as his lead over Trump grows

Securing Pennsylvania’s 20 electoral votes would put Biden over the 270 he needs to win the presidency after a political career stretching back nearly five decades.

Published 07 Nov, 2020 11:32am

World

Trump administration advances $10 billion defense sale to UAE - source

The notification came just after President Donald Trump’s administration informed Congress it planned to sell sophisticated armed aerial drones to the UAE.

Published 07 Nov, 2020 11:34am

Business & Finance

Wall Street Weekahead: Small caps join market rally but pandemic could derail them

Democrats could still take over the Senate if Georgia’s two contested seats go to a January runoff as is now expected.

Published 07 Nov, 2020 11:19am

World

White House chief of staff Mark Meadows tests positive for coronavirus

He tested positive on Wednesday.

Updated 07 Nov, 2020 11:16am

Technology

Google says it will not file motion to dismiss U.S. lawsuit

The U.S. Justice Department sued the $1 trillion (£760 billion) search and advertising giant in October, accusing it of illegally using its market muscle to hobble rivals in the biggest challenge to the power and influence of Big Tech in decades.

Published 07 Nov, 2020 10:14am

Technology

Brazilian telecoms snub U.S. official over Huawei 5G pressure: source

The carriers declined a U.S. embassy invitation to meet on Monday in Sao Paulo with Keith Krach, U.S. under secretary of state for economic growth, energy and the environment, the person in contact with telecom sector executives said.

Published 07 Nov, 2020 10:10am

Pakistan

'Person not wearing mask to be fined, work from home must for 50% employees', NCOC issues new SOPs

A person outside without a mask will be fined Rs500 in Karachi.

Updated 07 Nov, 2020 10:12am

Business & Finance

UK's Johnson, Sunak agree to extend universal credit benefit: The Times

A final decision is yet to be made, the report said, citing Treasury sources, adding that both Sunak and Johnson are open to the idea. The move is likely to be announced in the budget next year, the newspaper said

Published 07 Nov, 2020 10:08am

Exchange

Wall Street ends little changed, posts big weekly gain on Washington gridlock hopes

The three major indexes notched their biggest weekly percentage gains since April as the prospect of policy gridlock in Washington eased worries a Biden administration might tighten regulations on U.S. companies.

Published 07 Nov, 2020 10:01am

Exchange

New eCIB policy anytime soon, says SBP governor

LAHORE: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir on Friday said that the Bank would announce new policy...

Updated 07 Nov, 2020 03:14am

Nawaz has the right to speak 'as he wishes': Bilawal

KARACHI: PPP chairman Bilawal Bhutto-Zardari has said that Mian Nawaz Sharif has the right to speak as he wishes....

Updated 07 Nov, 2020 03:14am

WWB KP not capable of performing functions under law: SC

ISLAMABAD: The Supreme Court noted that the Workers Welfare Board (WWB) Khyber-Pakhtunkhwa (KP) was neither...

Updated 07 Nov, 2020 03:14am

Weekly inflation eases by 0.12 percent

ISLAMABAD: Weekly inflation for combined income group measured through the Sensitive Price Index (SPI) eased by 0.12...

Updated 07 Nov, 2020 03:14am

Pakistan

Qureshi, Buzdar vow to ensure respect of state institutions

LAHORE: Foreign Minister Shah Mehmood Qureshi and Chief Minister Sardar Usman Buzdar have strongly condemned the...

Updated 07 Nov, 2020 03:14am

Pakistan

PM directs senior party leaders to address issues of allied party

ISLAMABAD: The sole ally of the ruling Pakistan Tehreek-e-Insaf (PTI) in Punjab which has been giving constant...

Updated 07 Nov, 2020 03:14am

Pakistan

Covid-19: Murad calls for strict implementation of SOPs

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, keeping in view the worsening situation of Covid-19 in the...

Updated 07 Nov, 2020 03:14am

Pakistan

SHC dismisses plea seeking decriminalisation of carrying up to 10g of hashish

KARACHI: The Sindh High Court (SHC) on Friday dismissed a petition filed by a citizen, seeking the decriminalisation...

Updated 07 Nov, 2020 03:11am

Pakistan

Security staff based in Pakistan: CAA allows Emirates Group Security to conduct its own X-ray training

KARACHI: Pakistan Civil Aviation Authority (PCAA) has allowed Emirates Group Security to conduct its own X-ray...

Updated 07 Nov, 2020 03:10am

Pakistan

SOP-II of KWSSIP: Sindh government will carry out environmental, design studies

KARACHI: Government of Sindh with 100 percent grant in aid of Asian Infrastructure Investment Bank (AIIB) will carry...

Updated 07 Nov, 2020 03:10am

Pakistan

LHC dismisses PU's petition

LAHORE: The Lahore High Court here on Friday dismissed a petition of the Punjab University seeking release of its...

Updated 07 Nov, 2020 03:10am

Pakistan

Target of planting over 200 million saplings achieved this year

ISLAMABAD: The federal government claims to have achieved the target of planting more than 200 million saplings in...

Updated 07 Nov, 2020 03:10am

Pakistan

Jammu Massacre: Qureshi terms India's actions of 5 August 2019 sad continuation of murderous intent

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said that India's illegal and unilateral actions of 5 August...

Updated 07 Nov, 2020 03:10am

Pakistan

Bilawal's remarks on Nawaz are his 'personal opinion': PML-N

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) has reacted cautiously to the recent interview of the Pakistan...

Updated 07 Nov, 2020 03:10am

Pakistan

The Weather

KARACHI: The weather report on Friday (November 6, 2020) and the forecast for Saturday (November 7, 2020)....

Updated 07 Nov, 2020 03:10am

Energy

PPDB contributes 1,720MW to national grid

LAHORE: In order to ensure energy sector development and encourage investment in power sector, Punjab Power...

Updated 07 Nov, 2020 03:06am

Energy

ACE Punjab seals 345 petrol pumps for lack of NOCs

LAHORE: The Anti-Corruption Establishment (ACE) Punjab claimed on Friday to have sealed 345 petrol pumps working...

Updated 07 Nov, 2020 03:06am

Commodities

Gold eyes best week since July

NEW YORK: Gold rose early on Friday in New York trade and set to post its best week since July, as the dollar...

Updated 07 Nov, 2020 03:06am

Commodities

Palm oil retreats from 8-year high

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Friday on profit-taking, but higher soyaoil prices...

Updated 07 Nov, 2020 03:06am

Commodities

Copper pushes towards 2-year highs

LONDON: Copper prices rose for a fifth day on Friday as Joe Biden took a narrow US election lead over President...

Updated 07 Nov, 2020 03:06am

Industry

US job growth slows; millions experiencing long bouts of unemployment

• Part-time workers, long-term unemployed increase WASHINGTON: The US economy created the fewest jobs in five...

Updated 07 Nov, 2020 03:05am

Industry

Germany extends support for companies into mid-2021

FRANKFURT AM MAIN: The German government said Friday it was extending its loan scheme for pandemic-hit companies ...

Updated 07 Nov, 2020 03:05am

Industry

Singapore Airlines suffers record loss

SINGAPORE: Singapore Airlines on Friday reported a record net loss for its fiscal second quarter as the carrier...

Updated 07 Nov, 2020 03:05am

Currency

Early trade in New York: Dollar slumps to 2-month low

NEW YORK: The dollar sank to its lowest level in over two months against a basket of peer currencies on Friday, as...

Updated 07 Nov, 2020 03:05am

Currency

Aussie, kiwi set for solid weekly gains

SYDNEY/WELLINGTON: The Australian and New Zealand dollars were poised for strong weekly gains on Friday against ...

Updated 07 Nov, 2020 03:05am

Currency

Sterling eyes weekly gain against dollar

LONDON: Sterling was on track for a weekly gain versus the dollar on Friday, as traders digested US election results...

Updated 07 Nov, 2020 03:05am

Exchange

Chinese envoy, Asim Bajwa discuss CPEC projects

ISLAMABAD: Chinese ambassador to Pakistan Nong Rong called on Asim Bajwa, Chairman of the China-Pakistan Economic...

Updated 07 Nov, 2020 03:05am

Business & Finance

Malaysia's embattled PM faces crucial budget test

KUALA LUMPUR: Malaysia's government Friday unveiled a blockbuster 2021 budget aimed at cushioning the coronavirus...

Updated 07 Nov, 2020 03:04am

Business & Finance

Cabinet committee reviews projects under CPEC in Punjab

LAHORE: Punjab Finance Minister Makhdoom Hashim Jawan Bakht said that research, knowledge and acquisition of...

Updated 07 Nov, 2020 03:04am

Europe

Belarus's Lukashenko and son put on EU sanctions list

BRUSSELS: Belarusian leader Alexander Lukashenko and his son were officially put on the EU sanctions blacklist ...

Updated 07 Nov, 2020 03:00am

USA

US sees new virus records as Italian regions enter lockdown

WASHINGTON: Coronavirus cases hit new records in the United States as swathes of Italy returned to lockdown on ...

Updated 07 Nov, 2020 03:00am

Exchange

'Pandemic's second wave and oil markets'

This is apropos a Business Recorder op-ed "Pandemic's second wave and oil markets" carried by the newspaper...

Updated 07 Nov, 2020 03:00am

Life & Style

Aaj TV - Saturday'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...