News Archives for Latest - 2020-12-08

Pakistan

CM for working jointly to eliminate corruption from country

The CM said it was our constitutional responsibility to ensure the protection of public assets.

Updated 09 Dec, 2020 12:44am

Business & Finance

Air freight prices 'outrageous' as COVID-19 shots rolled out, says WHO expert

WHO expert sees tricky vaccine distribution in some areas.
Says air freight prices high, but sees more capacity in 2021.
Christmas demand exaggerates soaring cargo rates issue – IATA.
WHO may bring vaccines to war zones, sanctions-hit Iran, N Korea.

Updated 09 Dec, 2020 12:04am

Pakistan

Three Pakistani startups win global awards

KARACHI: Three Pakistani startups have won the 2020 Shell LiveWIRE Top Ten Innovators Awards, each in three ...

Updated 08 Dec, 2020 10:00pm

Business & Finance

U.S. dollar rises as selling takes a pause, but downtrend intact

Against the dollar, the pound was last 0.4% lower at $1.3323 It was also 0.6 lower against the euro, which rose to 90.82 pence .

Published 08 Dec, 2020 09:49pm

Stocks

Wall St slips on rising coronavirus cases, Tesla drags Nasdaq lower

Tesla Inc slipped 1.9pc and was one of the top drags on the tech-skewed Nasdaq after the electric-car maker unveiled a $5 billion capital raise, its second such move in three months.

Published 08 Dec, 2020 09:45pm

Europe

Italy reports 634 COVID-19 deaths on Tuesday, 14,842 new cases

There were 149,232 swabs carried out in the past day, up from a previous 111,217, the ministry said.

Published 08 Dec, 2020 09:42pm

Business & Finance

U.S. airline passenger traffic down 62pc in October

The 62pc decline from October 2019 was the smallest year-to-year decrease since March when the coronavirus pandemic slashed U.S. travel demand.

Published 08 Dec, 2020 09:41pm

Europe

France's Macron says nuclear will remain key for energy mix

Macron also said during a visit to EDF unit Framatome that studies and work on new-generation nuclear technology would continue.

Published 08 Dec, 2020 09:39pm

Business & Finance

Honda warns UK output could be temporarily halted due to supply problems

Transport between Britain and mainland Europe is likely to face some disruption even if there is an agreement before the transitional arrangements expire at the end of the year.

Published 08 Dec, 2020 09:37pm

Europe

UK reports 12,282 COVID-19 cases, 616 deaths

Britain on Tuesday reported 12,282 cases of COVID-19 and 616 deaths within 28 days of a positive test, according to official data.

Published 08 Dec, 2020 09:36pm

Europe

Turkey's daily COVID-19 deaths at record high 211

Turkey also recorded 33,198 new coronavirus cases, including asymptomatic ones, in the last 24 hours, the highest number reported since the beginning of the pandemic.

Published 08 Dec, 2020 09:20pm

Middle East

Turkey calls on EU to act with common sense, says wants to improve ties

Turkey urged the European Union on Tuesday to use “common sense” to end a dispute over natural gas that has fanned territorial rows in the eastern Mediterranean and drawn a threat of sanctions from the bloc’s leaders.

Updated 08 Dec, 2020 09:28pm

Pakistan

Rs15bn to be disbursed in youth in next 6 months: Usman Dar

He said the PM would inaugurate country’s first business community private airline Air Sial. Air Sial was being launched with over Rs 4 billion investment, he added.

Published 08 Dec, 2020 09:18pm

Pakistan

Four Pakistanis make it to the Forbes 30 under 30 for North America

Four Pakistanis have been named to the Forbes 30 under 30 list, as these honourees were shortlisted from an original list of 600 entrepreneurs, activists, scientists and entertainers.

Updated 08 Dec, 2020 09:19pm

Pakistan

Pakistan attains revocation of illegal registration of trademark ‘KERNAL’ Dawood

The adviser said that “I thank Rice Export Corporation of Pakistan (REAP) for bringing the issue to Ministry of Commerce’s notice.”

Published 08 Dec, 2020 09:16pm

Pakistan

Ehsaas Programme playing vital role in reducing poverty in country: PM

He expressed these views during a meeting with Special Assistant on the Poverty Reduction and Social Protection Dr. Sania Nishtar here.

Published 08 Dec, 2020 09:13pm

Pakistan

PM reaffirms Pakistan’s commitment to SAARC charter, objectives

The prime minister further said Pakistan’s pivotal geo-economic location offered a great opportunity for the region.

Published 08 Dec, 2020 09:11pm

Pakistan

Govt committed to modernize Railways in next five years: Sheikh Rashid

Sheikh Rashid said Pakistan Railways would welcome Egyptian investments in the ongoing infrastructure and rolling stock improvement projects of Railways.

Updated 08 Dec, 2020 09:10pm

Pakistan

PM saddened over demise of Siraj Kassam Teli

“Saddened to hear of the passing of Siraj Qassam Teli. My condolences and prayers go to his family,” the prime minister said in a tweet posted on his social media handle.

Published 08 Dec, 2020 08:08pm

Managed Funds

Yields lower as investors gauge vaccine schedules

The benchmark 10-year yield was down 2.7 basis points in morning trading at 0.9014pc, close to the 0.9pc threshold it was last below on Dec. 1.

Published 08 Dec, 2020 08:05pm

USA

Mexican President wants bill regulating foreign agents to be approved this year

Lopez Obrador said in his regular morning news conference that the new law is necessary because there is not currently a clear regulatory framework in place for foreign agents.

Published 08 Dec, 2020 08:03pm

Forex

Loonie steadies as rising COVID-19 cases weigh on sentiment

The Canadian dollar was trading nearly unchanged at 1.2798 to the greenback, or 78.14 U.S. cents.

Published 08 Dec, 2020 07:55pm

Pakistan

By-polls will be held on vacant seats if opposition lawmakers tender resignations: PM

Premier says those involved in corruption and corrupt practices will not get any NRO-like concession
Government will hold LG polls in March after the Senate elections: Imran

Published 08 Dec, 2020 07:58pm

Europe

Sweden registers 18,820 new COVID-19 cases since Friday

Sweden's death rate per capita is several times higher than that of its Nordic neighbours' but lower than in several European countries that opted for lockdowns.

Published 08 Dec, 2020 07:53pm

Commodities

Raw sugar prices ease, NY cocoa hits near 3-week low

March raw sugar fell 0.09 cents, or 0.6pc, to 14.36 cents per lb by 1302 GMT.

Published 08 Dec, 2020 07:50pm

Energy

U.S. natgas futures edge up on record LNG exports, rising demand

The amount of gas flowing to U.S. LNG export plants, meanwhile, rose to an average of 10.7 bcfd so far in December, which would top November's 9.8-bcfd record.

Published 08 Dec, 2020 07:47pm

Stocks

Wall Street dips at open on rising virus cases; eyes on stimulus deal

The S&P 500 opened lower by 8.91 points, or 0.24pc, at 3,683.05, while the Nasdaq Composite dropped 16.77 points, or 0.13pc, to 12,503.17 at the opening bell.

Published 08 Dec, 2020 07:44pm

Europe

Britain and EU announce deal to manage post-Brexit trade with Northern Ireland

On Tuesday, British Prime Minister Boris Johnson announced the scrapping of all "law breaking" clauses from the Brexit legislation, in an effort to revive relations between London and Brussels.
The United Kingdom and the European Union stated that they had agreed a deal on the implementation of the Northern Ireland protocol.

Updated 08 Dec, 2020 07:44pm

Stocks

TSX opens lower as energy stocks drag, coronavirus cases rise

At 09:30 a.m. ET (1430 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 35.55 points, or 0.2pc, at 17,546.8.

Published 08 Dec, 2020 07:41pm

Europe

Dutch coronavirus cases rise for first week since October

There were 43,103 new cases registered in the week ended Dec. 8, the National Institute for Health said in its weekly update, up from 33,949 in the week ended Dec. 1.

Published 08 Dec, 2020 07:38pm

Commodities

Jordan makes no purchase in tender for 120,000 tonnes feed barley

Jordan's state grain buyer is believed to have made no purchase in an international tender for 120,000 tonnes of animal feed barley which closed on Tuesday.

Published 08 Dec, 2020 07:34pm

Pakistan

COVID hotspots: 'Smart lockdown' enforced in 55 areas of Lahore

The action has been taken after it transpired that current coronavirus situation is similar to as it was in June when the infection was at its peak in the province
The areas include Lahore's Data Gunj Baksh Town, Shalimar Town, Samnabad Town, Aziz Bhatti Town and Allama Iqbal Town while the lockdown will remain in place till December 21

Published 08 Dec, 2020 07:34pm

Commodities

Corn, wheat steady-down 2 cents; soy down 8-10 cents

Benchmark CBOT March soft red winter wheat contract found support at the low end of its 20-day Bollinger range during overnight trading.

Published 08 Dec, 2020 07:32pm

Europe

Switzerland increases order for Moderna's COVID-19 vaccine

The vaccine, mRNA-1273, is currently under review in the country, and Moderna said it could ship it as soon as regulatory approval is granted.

Published 08 Dec, 2020 07:30pm

Commodities

South Korean mills buy about 78,000 tonnes wheat from U.S.

Some 50,000 tonnes was bought for shipment between March 1-31, 2021, and about 28,000 tonnes for shipment between April 1-30, 2021, they said.

Published 08 Dec, 2020 07:28pm

USA

Mexico aims to sign deal for 35mn doses of China's Cansino Biologics COVID vaccine

Foreign Minister Marcelo Ebrard also said Mexico will receive a million doses of Pfizer's COVID-19 vaccine in January, February, and March.

Published 08 Dec, 2020 07:23pm

Sports

Australia win to stop India T20 series sweep

Once the Indian skipper was out 11 balls from the finish, his team's hopes diminished and they failed to sweep the series after wins in the opening two games.

Published 08 Dec, 2020 07:19pm

Asia

India farmers block railway tracks, roads in national action against new laws

"We have been protesting for months but the government didn't listen to us. They forced us to call for a strike," added another Uttar Pradesh farmer, Mahesh Baliyan.

Published 08 Dec, 2020 07:13pm

Pakistan

Two PML-N lawmakers submit resignations to Maryam Nawaz as PDM hints at leaving NA

Afzal Khokhar is an elected MNA from NA-136 Lahore while Saiful Malook Khokhar is an MPA from PP-165 Lahore
PDM holds meeting to discuss march to Islamabad and the future of the alliance

Published 08 Dec, 2020 07:00pm

Europe

Europe passes 20 million virus infections

Europe is the worst affected region for the disease, which was first detected on the continent at the beginning of the year.

Published 08 Dec, 2020 07:09pm

World

Pfizer vaccine raises 'no specific safety concerns': US regulator

Data from 38,000 trial participants involved in testing the Pfizer-BioNTech Covid-19 vaccine revealed "no specific safety concerns,"

Published 08 Dec, 2020 07:01pm

Forex

Sterling clings to hopes of a Brexit breakthrough in Brussels

However, sterling recouped most of the previous session's sharp drop after the announcement of the meeting in Brussels.

Updated 08 Dec, 2020 07:08pm

Europe

UK health minister says he will have the COVID-19 jab when appropriate

"I'm looking forward to having it, I'll have it when it's appropriate," Hancock told LBC radio on Tuesday.

Updated 08 Dec, 2020 07:08pm

Commodities

Japan seeks 131,305 tonnes food wheat via tender

Japan, the world's sixth-biggest wheat importer, keeps a tight grip on imports of the country's second most important staple after rice and buys the majority of the grain for milling via tenders typically issued three times a month.

Updated 08 Dec, 2020 07:08pm

Managed Funds

European yields lower before ECB meeting; focus on stimulus, Brexit

A two-day EU summit begins Thursday, and the bloc is ready to set up its planned EU stimulus without Hungary and Poland, which are maintaining their veto of the EU budget.

Updated 08 Dec, 2020 07:08pm

Europe

Russia reports 26,097 new coronavirus cases, 562 deaths

Authorities said 562 people had died overnight, taking the official death toll to 44,159.

Updated 08 Dec, 2020 07:08pm

Pakistan

Technical education can lead the nation towards development: Haji Iftikhar

The job fair was organized by the collaboration of Technical Education and Vocational Training Authority (TEVTA) KPK with the collaboration of German NGO GIZ.

Published 08 Dec, 2020 07:03pm

Pakistan

Snowfall paralyzes life in hilly areas of GB

The area has so far received almost one feet snowfall which blocked roads and restricted movement of people due dropping mercury following rain/snow fall.

Published 08 Dec, 2020 07:03pm

Pakistan

RCB approves 1785 maps of illegal buildings under amnesty scheme

He advised the residents to regularize illegal buildings under amnesty scheme which would continue till December end. The amnesty scheme for illegal domestic structures, launched by RCB had been extended until December 31.

Published 08 Dec, 2020 06:59pm

South Asia

China condemns U.S. sanctions on Chinese officials over Hong Kong crackdown

A spokesman for the Chinese foreign ministry's office of the commissioner to Hong Kong also condemned the U.S. move.

Published 08 Dec, 2020 06:58pm

Pakistan

Rains multiply motorists’ agonies at ram-shackled Kahuta road

The road was already in dilapidated condition for more than five years due to negligence of the departments concerned, who turned a blind eye towards its mandatory post-construction maintenance.

Published 08 Dec, 2020 06:58pm

Pakistan

Pesco teams conduct raids in Mardan circle

In this connection, the company’s spokesman says that Task Forces of Pesco Mardan circle carried out raids in the areas of CanttSub DivisionMardan, removing 11 direct hooks in the areas of Majidabad and Dosara.

Published 08 Dec, 2020 06:57pm

Business & Finance

French online retail sales seen rising 6pc in 2020

France imposed a strict lockdown in March at the height of the coronavirus crisis. That lockdown was eased in May.

Published 08 Dec, 2020 06:56pm

Pakistan

PDM rallies may accelerate spread of Covid-19: Dr. Yasmin

The whole world had praised Pakistan for controlling corona pandemic but, now the opposition might deteriorate the situation by holding rally, she added.

Published 08 Dec, 2020 06:54pm

Pakistan

Pakistan's exports to US crosses $400 mn in a month: Razak

Razak Dawood said that it was a great achievement by our exporters and said “I encourage them to market their exports to US aggressively in order to capture a greater share of the market.”

Published 08 Dec, 2020 06:54pm

World

Israel to get initial Pfizer coronavirus vaccine shipment on Thursday, minister says

Pfizer and its partner BioNTech last month agreed to provide Israel with 8 million doses of the vaccine, which Britain on Tuesday became the first country to administer.

Published 08 Dec, 2020 06:45pm

Pakistan

Pakistan exports to US exceeds $400mn: Dr. Shahbaz Gill

In a tweet, he said that Pakistani exporters sold goods to the United States in the month of October worth $ 430 million and in November $ 437 million.

Published 08 Dec, 2020 06:51pm

Pakistan

Pakistan among top five with most investment in H1 of 2020: WB

"Pakistan had the fourth highest investment commitments--a new entrant to the top five countries this year—with US$1.9 billion of investment commitments, accounting for 0.69 percent of GDP," the Private Participation in Infrastructure (PPI) 2020 Half Yearly Report said.

Published 08 Dec, 2020 06:51pm

Pakistan

No one to be allowed to burn waste: CEO Health

He told APP that strict action will be taken against the violation of anti-smog protocol act and no one would be allowed to burn the chemicals and waste in the city.

Published 08 Dec, 2020 06:48pm

Commodities

Indonesian 2021 palm oil exports will be unaffected by tariff hikes

Indonesia announced higher export levies last week, to fund its biodiesel programme, which requires diesel in Indonesia be blended with 30pc bio content made of palm.

Published 08 Dec, 2020 06:43pm

Commodities

Ukraine 2020 grain harvest 99pc complete

It said farmers had completed the wheat and barley harvest and collected 27.9 million tonnes of corn from 5.2 million hectares, or 96pc of the sown area.

Published 08 Dec, 2020 06:41pm

Commodities

Palm erase early gains as rival oils fall; lower supply outlook checks losses

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange settled down 0.77pc to 3,366 ringgit ($827.03) a tonne.

Published 08 Dec, 2020 06:38pm

Europe

EU Commission says Brexit talks could continue into 2021

f that deal is not in place on January 1, then we have a no-deal situation. That does not exclude that negotiations can continue, from our side.

Published 08 Dec, 2020 06:35pm

Europe

EU's Barnier says Brexit talks need patience

"I just met David Frost this morning to prepare the next steps," Barnier said on Tuesday.

Published 08 Dec, 2020 06:34pm

Pakistan

KP Governor, CM for early completion of development projects in merged districts

They directed the quarters concerned to ensure completion of all the development projects within stipulated time without compromising on quality of work.

Published 08 Dec, 2020 06:32pm

Business & Finance

Saudi Aramco and Baker Hughes JV to develop non-metallic products

Novel's new plant is being constructed at Saudi Arabia's King Salman Energy Park (SPARK), a 50 sq km energy city aimed at making the kingdom a global energy, industrial and technology hub.

Published 08 Dec, 2020 06:32pm

Pakistan

ICT admin for strict implementation of SOPs at mosques, Imambargahs

The ICT teams comprising assistant commissioners, magistrates were paying regular visits at the mosques and Imambargahs to ensure the implementation of anti-coronavirus standard operating procedures (SOPs),additional deputy commissioner, Asif Raheem told APP on Tuesday.

Published 08 Dec, 2020 06:29pm

Pakistan

IRSA releases 84,000 cusecs water

According to the data released by IRSA, water level in the Indus River at Tarbela Dam was 1477.09 feet, which was 85.09 feet higher than its dead level 1386 feet.

Published 08 Dec, 2020 06:29pm

Asia

India may authorise some COVID-19 vaccines in weeks, says health secretary

Six vaccines, including Astra Zeneca's Covidshield and Bharat Biotech's Covaxin, are in trial stages, Federal health secretary Rajesh Bhushan told a press conference.

Published 08 Dec, 2020 06:29pm

Europe

Moment may come to end post-Brexit EU trade talks, UK PM Johnson says

Prime Minister Boris Johnson said on Tuesday that Britain could call an end to post-Brexit trade talks without a deal being reached.
- This statement came only a day after the Prime Minister agreed to meet the European Commission head in a last-ditch attempt to break the stalemate.

Published 08 Dec, 2020 06:27pm

World

South Korea to buy millions of coronavirus vaccine doses but sees no need to hurry

Its cautious approach comes as the country of almost 52 million people battles surging COVID-19 infections that health authorities say threaten to overwhelm the medical system.

Published 08 Dec, 2020 06:27pm

Pakistan

FESCO releases material for 1322 electricity connections

FESCO spokesman said here on Tuesday that Chief Executive Officer (CEO) FESCO Engineer Arshad Muneer had directed superintending engineers of all five circles to ensure provision of new electricity connections to the consumers without any delay.

Published 08 Dec, 2020 06:25pm

Pakistan

GSP compiling borehole log-data, technical report on Badin coal deposits

“The geological logging of exploratory boreholes, collection of core samples and their chemical analysis had been completed, while digitization of borehole log data and a technical report was in progress,” a senior official privy to petroleum sector developments told APP.

Published 08 Dec, 2020 06:27pm

Stocks

Sri Lankan shares rise for 11th session as financial, industrial stocks gain

The benchmark stock index ended up 1.39pc at 6,564, its highest closing level since Feb. 23, 2018.

Published 08 Dec, 2020 06:24pm

Pakistan

Federal capital records 245 fresh corona cases in last 24 hours

They also started taking actions on violation of standard operating procedures (SOPs) related with the corona while visiting marriage halls, markets and petrol pumps by its inspection teams.

Published 08 Dec, 2020 06:25pm

Pakistan

COVID-19 SOPs compliance week continues

The local administrations and citizens have also been asked to rigorously observe corona compliance week in their respect cities for raising awareness on adopting protective measures planned by the government to avoid carrying this virus.

Published 08 Dec, 2020 06:25pm

Pakistan

33 hotels, 21 marriage halls, 74 shopping centres sealed

The various teams also imposed Rs 98,000 fine on the violators and warnings were also issued, said a spokesperson for the district administration.

Updated 08 Dec, 2020 06:25pm

Pakistan

Afghanistan registers 230 new COVID-19 positive cases

Six patients have died over the period, totaling the number of COVID-19 related deaths to 1,908 since the outbreak in February in Afghanistan, the statement added.

Published 08 Dec, 2020 06:19pm

Pakistan

Coronavirus claims life of lady doctor

According to the report, lady doctor, Aalia Sarfaraz who was a gynecologist and performed as in-charge District Headquarters Hospital Haripur was on ventilator since a week and died today in the morning.

Published 08 Dec, 2020 06:19pm

Forex

Battered pound clings to hopes of a Brussels Brexit breakthrough

While sterling recouped most of the previous session's sharp drop after the announcement of the meeting in Brussels, it was on track for a third consecutive day of losses.

Published 08 Dec, 2020 06:21pm

Managed Funds

German yields lower before ECB meeting; focus on stimulus, Brexit

The yield on Germany's benchmark 10-year Bund was down 1 basis point at -0.58pc, after dropping 4 basis points on Monday, to a one-week low.

Published 08 Dec, 2020 06:19pm

Business & Finance

Russian central bank planning sale of Otkritie Bank soon, says first deputy governor

Otkritie, once Russia's top private bank, was bailed out by the central bank in 2017, along with two other private banking groups.

Published 08 Dec, 2020 06:16pm

Energy

Oil dips as COVID cases, lockdowns outweigh vaccination news

Globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in California, Germany and South Korea.

Published 08 Dec, 2020 06:14pm

Stocks

Tesla launches second $5bn share sale since September

The company also plans to launch new lines of vehicles, including a semi-truck called the Tesla Semi and its futuristic Cybertruck.

Published 08 Dec, 2020 06:12pm

Managed Funds

Hungary central bank buys 40bn forints worth of bonds, yields mixed

The bank also bought 1 billion forints worth of the 2033/A series at an average yield of 2.34pc.

Published 08 Dec, 2020 06:10pm

Commodities

Jordan gets 4 participants in 120,000 tonne barley tender

No purchase has yet been made and results are expected later on Tuesday, traders said.

Published 08 Dec, 2020 06:05pm

Europe

Polish PM: Another summit may be needed to decide on EU budget

It may happen that another summit will be necessary... maybe there will be more long months of negotiations and a possible provisional budget.

Published 08 Dec, 2020 06:03pm

Europe

Swedish limit on public gatherings to remain at 8 people over holidays: PM

Sweden, whose rejection of lockdowns and widespread face mask use has left it an outlier in Europe, is in the throes of a second wave of the pandemic that has claimed more than 7,000 lives.

Published 08 Dec, 2020 06:00pm

Europe

UK, Norway and Iceland sign trade continuity deal

The agreement signed on Tuesday means that the majority of trade in goods between the countries will remain tariff-free.

Published 08 Dec, 2020 05:58pm

Europe

Germany speeds up disbursement of coronavirus aid in December

Chancellor Angela Merkel and state leaders have agreed to extend restrictive measures designed to stem a tide of new coronavirus infections until Jan. 10.

Published 08 Dec, 2020 05:56pm

Business & Finance

Thai exports seen growing 3pc-5pc in 2021

"The barrier should be at 30 baht because surpassing it would have a sentiment factor, which could further strengthen the currency," said Ghanyapad.

Published 08 Dec, 2020 05:49pm

Commodities

CBOT wheat may retest support at $5.66-1/2

The support is provided by the 138.2% projection level of a downtrend from $6.28-3/4.

Published 08 Dec, 2020 05:47pm

Europe

Russian economy to grow 3.8pc in 2021, rouble to firm - ratings agency head

Major Russian banks, companies and pension funds hold equal shares in ACRA, which is also promoted by the government and the central bank.

Published 08 Dec, 2020 05:44pm

Pakistan

Pakistan-China ink defense cooperation deal to counter US-India pact

The deal aims to enhance cooperation between the two armies and address regional security issues
It is believed that the pact contains intelligence-sharing that will help Pakistan track the movements of Indian forces across the border

Updated 08 Dec, 2020 05:47pm

Commodities

Copper slips from near 8-year high on U.S.-China tensions

Three-month copper on the London Metal Exchange fell 0.4pc to $7,680.50 a tonne by 0706 GMT, slipping from its highest since March 2013 of $7,800 hit on Monday.

Published 08 Dec, 2020 05:40pm

Commodities

South Korea's FLC bought 69,000 tonnes corn in private deal

Shipment from the United States was thought to be the first half of June 2021, from the U.S. Pacific Northwest coast.

Published 08 Dec, 2020 05:39pm

Europe

EU pushing for deal with Switzerland over Christmas skiing: minister

"Concerning Switzerland, talks are ongoing. It's the sole point where coordination is not quite there yet. But we're talking to Swiss authorities to avoid any type of unfair competition".

Published 08 Dec, 2020 05:36pm

Managed Funds

Indonesia raises 6.14trn rupiah from Islamic bond auction

The comparable project-based sukuk were sold with lower average yields than in the previous auction on Nov. 24.

Published 08 Dec, 2020 05:34pm

Commodities

New York coffee biased to rise towards $1.2390

The resistance is identified as the 61.8pc retracement of the downtrend from $1.3565 to $1.0485.

Published 08 Dec, 2020 05:30pm

Europe

Britain expects next batch of Pfizer vaccine next week: health minister

He said he felt "quite emotional" seeing the pictures of the first vaccination taking place, adding that the programme was starting across 70 hospitals in the UK.

Published 08 Dec, 2020 05:27pm

Stocks

Major Gulf markets fall as financials dip

Saudi Arabia's benchmark index dropped 0.3pc, with Al Rajhi Bank losing 0.4pc and petrochemical firm Saudi Basic Industries declining 0.8pc.

Published 08 Dec, 2020 05:26pm

Business & Finance

Tesla ordered to suspend tree clearance at German factory

An administrative court in Frankfurt an der Oder issued a temporary ban on further forest clearance activities, Tagesspiegel said, citing a copy of the court document.

Published 08 Dec, 2020 05:24pm

Pakistan

Opposition spreading COVID-19 by holding rallies, says PM

Imran says the second wave of coronavirus is more deadlier than the first wave
Prime minister directs foreign minister to raise the issue of severing ties with France with other Muslim countries

Published 08 Dec, 2020 05:26pm

World

UK's Johnson thanks health workers after COVID vaccine launch

"We will beat this together," Johnson said in a message on social media, and urged the public to continue to follow guidance aimed at limiting the spread of the coronavirus.

Published 08 Dec, 2020 05:22pm

Energy

Oil extend losses as gloom grows over soaring COVID-19 cases, lockdowns

Globally, a sharp rise in coronavirus cases has led to a string of renewed lockdowns, including strict measures in the U.S. state of California as well as Germany and South Korea.

Published 08 Dec, 2020 05:20pm

South Asia

China says will take firm countermeasures after U.S. sanctions on officials

The U.S. move to sanction Chinese officials is "unwarranted and vile behaviour", and China urges it to withdraw the decision, foreign ministry spokeswoman Hua Chunying.

Published 08 Dec, 2020 05:18pm

Europe

Germany may need tougher COVID-19 curbs before Christmas, minister says

Under the partial lockdown introduced in early November, restaurants and bars are shut apart from takeaways. Shops and schools remain open.

Published 08 Dec, 2020 05:14pm

Forex

Kenyan shilling holds steady against the dollar

At 0713 GMT, commercial banks quoted the shilling at 111.30/111.50 per dollar, the same as Monday's close.

Published 08 Dec, 2020 05:13pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below.

Published 08 Dec, 2020 05:08pm

Middle East

Kuwait emir reappoints Sheikh Sabah al-Khalid as PM

Sheikh Nawaf, who took over the reins of the OPEC member state in September after the death of his brother, has asked Sheikh Sabah to nominate members of a new cabinet for approval by the emir.

Published 08 Dec, 2020 04:54pm

Business & Finance

Success for Pakistan; Illegal registration of “KERNAL” rice trademark canceled

The minister thanked the Rice Exporters Association of Pakistan (REAP) for bringing the issue to the Ministry of Commerce’s notice.

Published 08 Dec, 2020 04:49pm

Stocks

Asian stocks struggle to gain, S. Korea slides on COVID-19 surge

Malaysia and Indonesia shares gained about 0.3pc, but Chinese shares slipped 0.2pc and Seoul fell 1.6pc.

Published 08 Dec, 2020 04:48pm

Europe

France confirms severe bird flu outbreak on duck farm

The outbreak was first reported on Monday but at the time it was unclear what strain of the virus it was.

Published 08 Dec, 2020 04:46pm

Business & Finance

Hungary central bank's key inflation gauge rises to 3.3pc in Nov

The official core inflation rate rose to an annual 3.9pc, above analyst forecasts.

Published 08 Dec, 2020 04:40pm

Europe

British PM Johnson says Brexit is 'very tricky', 'very difficult'

"The situation at the moment is very tricky," Johnson said. "You've got to be optimistic, you've got to believe there's the power of sweet reason."

Published 08 Dec, 2020 04:37pm

Europe

UK PM Johnson says a moment may come when its game over on Brexit

"We will prosper mightily under any version and if we have to go for an Australian solution then that's fine too."

Published 08 Dec, 2020 04:33pm

Europe

Kremlin says Putin may discuss OPEC+ oil deal at govt meeting on Wednesday

He added that Deputy Prime Minister Alexander Novak will attend the meeting and may inform the president about the issue.

Published 08 Dec, 2020 04:31pm

World

Biden has chosen retired General Lloyd Austin for defense secretary

Austin was a surprise pick over Michele Flournoy, a former top Defense Department official who was considered the leading contender for the job
Former general will need a waiver from Congress since it has been less than the required seven years since he served

Published 08 Dec, 2020 04:28pm

Europe

UK PM says vaccine will overcome COVID-19 but only gradually

"It will gradually make a huge, huge difference. But I stress gradually, because we're not there yet. We haven't defeated this virus yet,"

Published 08 Dec, 2020 04:27pm

Commodities

Iran's GTC tenders for about 30,000 tonnes sunflower oil

Traders said the GTC was believed to have purchased about 30,000 tonnes of sunflower oil in a previous tender which closed on Nov. 30.

Published 08 Dec, 2020 04:25pm

Business & Finance

UK grocery sales hit record 10.9bn pounds in November

Market researcher Kantar said grocery sales rose by 11.3pc in the 12 weeks to Nov. 29 year-on-year and were up 13.9pc year-on-year in the last four of those weeks.

Published 08 Dec, 2020 04:19pm

Business & Finance

UAE's ADNOC to cut January crude oil term supplies, sources say

The supply of its flagship Murban crude grade will be reduced by 20pc, while the volume of two other grades - Upper Zakum and Das - will be cut by 15pc, the sources said.

Published 08 Dec, 2020 04:15pm

South Asia

U.S. envoy arrives in South Korea amid stalled efforts to restart talks with the North

The visit may be the last for Biegun in his current role, after Trump lost his bid for reelection to Democratic challenger Biden, who will take office in January.

Published 08 Dec, 2020 04:10pm

Stocks

FTSE 100 slips as no-deal Brexit fears outweigh vaccine cheer

The exporter-heavy FTSE 100 fell 0.1pc by 0919 GMT despite a weakening pound, after hitting a fresh nine-month high in the previous session.

Published 08 Dec, 2020 04:08pm

Energy

Asian spot LNG prices jump on supply issues, shipping rates

With spot prices in Asia rising, traders are diverting cargoes from Europe to the region, while congestion in the Panama Canal also caused shipping rates to rise, the traders said.

Published 08 Dec, 2020 04:05pm

Forex

Ugandan shilling stable, energy importers seen putting pressure

At 0934 GMT, commercial banks quoted the shilling at 3,675/3,685, unchanged from Monday's closing rate.

Published 08 Dec, 2020 04:04pm

Europe

Poland has bought over 60 million COVID-19 vaccine doses, PM says

As of Tuesday, Poland, a country of around 38 million people, had reported 1,076,180 cases of the coronavirus and 20,592 deaths.

Published 08 Dec, 2020 03:59pm

Technology

Following One Million Downloads, Likee All Set to Launch Operations in Pakistan

The planned launch is considered a timely step as Pakistan has a market of 76.38 million internet users, according to the estimates of the current year.

Published 08 Dec, 2020 03:59pm

Europe

German investor sentiment rises in December, boosted by vaccines

"The announcement of imminent vaccine approvals makes financial market experts more confident about the future," ZEW President Achim Wambach said in a statement.

Published 08 Dec, 2020 03:57pm

Stocks

Stocks take a breather, Brexit weighs down sterling

The pan-European STOXX 600 index barely budged, while sterling was wobbling again having tumbled as much as 1.6pc on Monday due to the Brexit nerves.

Published 08 Dec, 2020 03:54pm

Commodities

France sees wheat area rebounding by less than expected

However, that was 1.9pc below the average of the past five years and lower than market estimates projecting 5-5.2mn ha.

Published 08 Dec, 2020 03:51pm

Africa

South African economy rebounds in Q3 led by mining, manufacturing

All sectors expanded, with primary sectors registering the biggest growth. Mining jumped 288.3pc, manufacturing was up 210.2pc and trade rose 137pc.

Published 08 Dec, 2020 03:49pm

Business & Finance

Prominent Business leader Siraj Qasim Teli passes away

As per media reports, the businessman in a UAE hospital for chest infection and breathed his last during treatment.
Teli was actively involved in the economic affairs of the country and was also awarded Sitara-e-Imtiaz by the Government of Pakistan for his services.

Updated 08 Dec, 2020 03:51pm

Pakistan

As political tensions rise, PML-N, PPP declare intention to resign from NA at an ‘appropriate time’ if required

The development is a result of repeated contacts between Nawaz Sharif and Asif Zardari
Both the parties have agreed to tender resignation from the NA at an ‘appropriate time’

Updated 08 Dec, 2020 03:50pm

South Asia

Japan unveils $708bn in fresh stimulus with eye on post-COVID growth

Aside from direct fiscal spending, the package included credit guarantees and loan facilities for small firms facing funding strains caused by the pandemic.

Published 08 Dec, 2020 03:47pm

Commodities

Egypt aims to produce more than 10mn tonnes of local wheat this season

Egypt aims to plant 3.5 million feddans (3.63 million acres) of wheat in the season which started in mid-November, another agriculture ministry official said on Sunday.

Published 08 Dec, 2020 03:45pm

Forex

Rouble gains towards 73 vs dollar, RTS at highest since March

At 1003 GMT, the rouble was 0.7pc stronger against the dollar at 73.14, having briefly hit 73.05, a level last seen on Aug. 19.

Published 08 Dec, 2020 03:43pm

World

WHO says immune barrier from vaccines ‘still far off’

"The things that must be done to prevent an increase, an uptick, a surge or whatever you want to call it are the public health measures," she added.

Published 08 Dec, 2020 03:41pm

Commodities

Malaysia's state-owned palm planter Felda agrees to acquire FGV Holdings' shares

Felda expects the proposed acquisition to contribute positively to future earnings and cash flow, it said.

Published 08 Dec, 2020 03:39pm

Stocks

Indian shares end at all-time high as Reliance, TCS gain

The NSE Nifty 50 index rose 0.28pc to 13,392.95, gaining for a sixth straight day, while the benchmark S&P BSE Sensex ended up 0.4pc at 45,608.51.

Published 08 Dec, 2020 03:33pm

Pakistan

PPP, PML-N not on same page for quitting the assemblies: Ali Nawaz

He said all the issues could be resolved through dialogue but the opposition was not serious in holding any dialogue with the government.

Published 08 Dec, 2020 03:29pm

Pakistan

CDA approves Rs1500 COVID allowance for its employees

The CDA board approved this special allowance in recognition of the duties of CDA employees which they are performing in the current situation.

Published 08 Dec, 2020 03:27pm

Pakistan

Cloudy weather likely in most parts of KP

Regional Meteorological Center Peshawar on Tuesday forecast cloudy weather in most parts of the province during the next 24 hours.

Published 08 Dec, 2020 03:25pm

Pakistan

National COVID positivity inches up at 8.58 percent; 2,486 patients critical

In Sindh, there were 76 patients on ventilators in Karachi and no patient was on ventilator in Hyderabad.

Published 08 Dec, 2020 03:23pm

Pakistan

Opposition not concerned with people's lives: Faisal Javed

He said in last 24 hours 89 deaths were reported and in such a situation “Holding a rally is tantamount to massacre”.

Published 08 Dec, 2020 03:22pm

Pakistan

CDA to upgrade all public parks

Commenting on the development projects, the public appreciated the government for taking environment and public friendly initiatives.

Published 08 Dec, 2020 03:20pm

Pakistan

Mohmand & Bhasha – Pakistan to get two big water dams after five decades: PM

A video shared by Prime Minister Khan on twitter showed the under-construction site with diversion tunnels, outlet portals, access tunnel and re-regulation pond.

Published 08 Dec, 2020 03:17pm

Stocks

European stock markets drop at open

In the eurozone, the Paris CAC 40 index lost 0.2 percent to 5,563.51 points and Frankfurt's DAX 30 was almost flat at 13,266.54.

Published 08 Dec, 2020 03:15pm

Pakistan

KPT pays over 10bn tax to Sindh govt: Ali Zaidi

He said it was now extremely dangerous and 'God Forbid' could cause an accident.

Published 08 Dec, 2020 03:13pm

Companies

Fauji Foundation and Cargill enter partnership for Port Qasim

Fauji Foundation and Cargill signed the deal on Friday December 4th, to together transform the country’s supply chain and enhance overall value for stakeholders.
With this deal, Cargill will be taking a significant minority stake in the Fauji Foundation Grain Terminal at Port Qasim.

Updated 08 Dec, 2020 03:14pm

Pakistan

Coronavirus: 3901 positive cases recorded in Sargodha division

She expressed these views while presiding over a review meeting regarding coronavirus here on Tuesday.

Published 08 Dec, 2020 03:11pm

Pakistan

PDM rallies may accelerate spread of Covid-19: Dr. Yasmin

She said the government was fulfilling its responsibilities to control corona. If corona went out of control, it would be the responsible of the opposition.

Published 08 Dec, 2020 03:09pm

Pakistan

Corona’s second wave more lethal than previous in Pakistan: Dr. Faisal

Dr. Faisal said that scientific approach and practices adopted by the government during first wave helped overcome contagion outbreak.

Published 08 Dec, 2020 03:05pm

World

Charles Yeager, first person to break sound barrier and a great friend of PAF, dies aged 97

Retired Air Force Brigadier General Charles "Chuck" Yeager, a World War II fighter pilot and the test pilot became the first person to break the sound barrier in 1947.
From 1971 to 1973, Yeager was appointed as the United States Defense Representative in Pakistan.

Updated 08 Dec, 2020 03:00pm

Pakistan

CM Buzdar approves universal health coverage for people in Punjab

In the first phase, the citizens of the two districts of Punjab will be given the health coverage
Chief minister says Insaf Sehat Cards will be given to each citizen to get health insurance worth Rs720,000

Published 08 Dec, 2020 02:47pm

Europe

British grandma is first in world to get Pfizer vaccine outside trial

Margaret Keenan, a 90-year-old grandmother from Northern Ireland, became the first person in the world on Tuesday to receive the Pfizer COVID-19 vaccine shot outside of a trial.

Published 08 Dec, 2020 02:27pm

Industry

Pakistan invites Global Tech Giants for Partnerships

Fawad Chaudhry invited tech giants like Huawei and others to form new partnerships with Pakistan, while expressing high hopes for the Dubai GITEX 2020 conference.

Updated 08 Dec, 2020 02:32pm

Business & Finance

Qatar to open its Visa Centers in Pakistan in coming days

As per details, the appointment bookings to visit the Qatar Visa Centres for the three countries are already open and can be done through the QVC website.

Published 08 Dec, 2020 02:22pm

Europe

Almost 700,000 people flung into poverty due to pandemic crisis in the U.K: Study

According to a recent study, nearly 700,000 individuals in the United Kingdom, have been flung into poverty as a result of the pandemic.
The onset of the pandemic pushed the total number of poverty stricken individuals in the United Kingdom to more than 15 million, or 23 percent of the population.

Updated 08 Dec, 2020 01:59pm

Pakistan

Woman killed, 3 injured in IIOJK road mishaps

In another incident, a motorcyclist Wajahat Mushatq War sustained injuries after he met with an accident in Bomai area of Sopore.

Published 08 Dec, 2020 01:28pm

World

Turkey detains nearly 200 over Gulen links

The raids show no sign of slowing, with almost daily reports of arrest warrants issued despite criticism from Western allies and human rights defenders.

Published 08 Dec, 2020 01:20pm

World

Indian farmers' protest: Boxer Amir Khan speaks out against "disturbing scenes of violence"

The boxing champion also expressed solidarity with the members of the Sikh community who are seeking justice and "raising their voices around the world"
Farmers launch nationwide general strike to push their demands for the government to repeal reform laws

Published 08 Dec, 2020 01:24pm

Sports

India win toss, bowl in third Australia T20

Unchanged India are chasing a 3-0 series sweep in Australia for the second time in five years after losing the preceding one-day international series 2-1.

Published 08 Dec, 2020 01:15pm

Business & Finance

Tax Returns: KCCI urges PM Khan to extend filing date

It is pertinent to mention that today (Tuesday) is the last date for filing the tax return, as the FBR refused to grant any extension to the date.

Published 08 Dec, 2020 01:13pm

Forex

Aussie dollar slightly firmer on goldilocks economy, kiwi ticks down

"So far the pullback of the past two days appears to be only a mild correction to an uptrend which remains intact," Westpac Banking Corp analysts said in a note.

Published 08 Dec, 2020 01:12pm

World

World Bank sees strong Philippine economic rebound, COVID-19 resurgence a risk

While the World Bank's revised forecast was worse than its previous estimate of a decline of 6.9%, it was slightly better than the government's forecast of an 8.5%-9.5% GDP drop this year.

Published 08 Dec, 2020 01:10pm

Stocks

Indian shares hit record highs on Reliance, Maruti boost

State-run Canara Bank Ltd surged 7.7% as it launched a qualified institutional placement of shares to raise 20 billion rupees ($270.93 million).

Published 08 Dec, 2020 01:08pm

Forex

China yuan softer as safe-harbour demand boosts dollar

In the short term, traders said that the yuan would still be guided by dollar movements, with Sino-US frictions having a negative impact.

Published 08 Dec, 2020 01:07pm

Sports

Sri Lanka all-rounder Mathews accepts test bowling days are over

Mathews became Sri Lanka's youngest test captain at the age of 25 in 2013. He quit as limited-overs captain in 2018 after the team's early exit from the Asia Cup.

Published 08 Dec, 2020 01:03pm

Stocks

Australia shares extend rally to sixth day as business sentiment improves

Energy stocks, on the other hand, saw their worst day in a week as oil prices fell on surging coronavirus cases in the United States and Europe and tightening of lockdowns to tackle them.

Published 08 Dec, 2020 12:54pm

Pakistan

PTV terminates eight employees, including Rashid Latif

It has been decided in principle that the number of contract employees on high salaries has to be drastically reduced, the order said.

Updated 08 Dec, 2020 01:01pm

Commodities

Gold hits two-week peak on US stimulus bets

Spot gold rose 0.3% to $1,869.06 per ounce by 0504 GMT, having touched its highest since Nov. 23 of $1,871.52 earlier in the session.

Published 08 Dec, 2020 12:48pm

Pakistan looks to new tech to curb crop burning and cut smog

"The subsidised machines should be made available to rice farmers in South Punjab and Sindh as well, otherwise they are too expensive for most farmers," he said.

Published 08 Dec, 2020 12:46pm

Commodities

CBOT corn may edge up to $4.27

The current wave count will have to be reviewed. A break below the support at $4.20-1/4 could open the way towards $4.14-1/2.

Published 08 Dec, 2020 12:43pm

World

Roche says three antibodies show blood cancer treatment potential

The data suggest that our novel bispecific antibodies have potential across multiple types of blood cancers.

Published 08 Dec, 2020 12:41pm

Managed Funds

JGBs edge up on US coronavirus surge, upbeat five-year auction

The two-year JGB yield was flat at minus 0.140%, while the five-year yield fell 0.5 basis point to minus 0.115%.

Published 08 Dec, 2020 12:39pm

Forex

South Africa's rand weakens ahead of GDP data

At 0615 GMT, the rand traded at 15.1675 versus the dollar, 0.18% weaker than its previous close.

Published 08 Dec, 2020 12:37pm

Business & Finance

Goldman Sachs shifts to full ownership of China securities joint venture

The terms of the Goldman Sachs deal have not yet been made public.

Published 08 Dec, 2020 12:35pm

World

Iran rejects Saudi Arabia's call for inclusion in nuclear talks

Khatibzadeh accused Riyadh of funding extremist ideology and being responsible for many of the "troubles" of the Arab and Islam world
US President-elect Joe Biden is willing to back the 2015 nuclear deal with Iran from which Donald Trump withdrew

Published 08 Dec, 2020 12:37pm

Europe

Abu Dhabi seeking volunteers for Russian COVID-19 vaccine trial

Russia on Saturday began distributing the vaccine to the most exposed groups in the country, the start of the first large-scale vaccination against the disease there.

Published 08 Dec, 2020 12:31pm

Energy

UAE's ADNOC to cut January crude oil term supplies

The cuts were down from a 20% reduction in crude oil term supplies by ADNOC in December.

Published 08 Dec, 2020 12:29pm

Commodities

CBOT wheat may retest support at $5.66-1/2

The bounce from the Monday low of $5.65-1/2 is classified as a pullback towards the range. This pullback has been overdone a bit.

Published 08 Dec, 2020 12:27pm

Business & Finance

Russian economy to grow 3.8% in 2021, rouble to firm

Sukhov said ACRA expects the rouble, hit by the pandemic and related restrictions, to average 71 per dollar in its 2021 base case scenario. On Monday, the rouble was at 73.55 versus the dollar.

Published 08 Dec, 2020 12:25pm

Stocks

South Korean stocks end lower as virus infection surges

The KOSPI has risen 22.90% so far this year, and gained 17.1% in the previous 30 sessions.

Published 08 Dec, 2020 12:22pm

Business & Finance

China beef imports to slow in 2021 on lower Australian supply: Rabobank

Overall demand for beef in China remains strong, however, reflected in high domestic prices.

Published 08 Dec, 2020 12:18pm

Business & Finance

Norwegian Air seeks additional creditor protection in Norway court

"Our aim is to secure jobs in the company and to contribute to securing critical infrastructure and value creation in Norway," he said.

Published 08 Dec, 2020 12:17pm

Business & Finance

Thai central bank cancels briefing on currency measures

The central bank had previously scheduled a Dec. 9 news conference on additional measures to be implemented next quarter as the baht strengthened.

Published 08 Dec, 2020 12:12pm

Sports

Real Madrid and Zidane brace for crucial European night

Zidane got a boost after a narrow 1-0 victory over Sevilla on Saturday, Real's first Liga win since October.

Published 08 Dec, 2020 12:10pm

Business & Finance

After impressive gains, Razak urges Pakistani exporters to pursue US market aggressively

"It is a great achievement by our exporters and I encourage them to market their exports to the US aggressively in order to capture a greater share of the market,” he said.

Published 08 Dec, 2020 12:08pm

Europe

Sticking points as Johnson joins post-Brexit trade talks

The EU had wanted the EU's highest court, the European Court of Justice, to have its say in all matters of the future agreement relating to European law, but the UK refused this in the name of its sovereignty.

Published 08 Dec, 2020 12:07pm

Stocks

Equities mixed with focus on vaccine, virus, stimulus and Brexit

Analysts said the next leg-up for equities would be news that US lawmakers had finally reached an agreement on a new rescue package for the battered economy.

Published 08 Dec, 2020 12:04pm

Europe

Deal or no deal, Britain to pay high price for Brexit

Fast forward four and a half years, and the business community is still urging the government to do everything within its power to avert a cliff-edge no-deal departure.

Published 08 Dec, 2020 12:02pm

Europe

Post-Brexit borders to divide EU, UK citizens

Even Britons settled under the Withdrawal Agreement will no longer have automatic rights to a different EU country, and will face national immigration laws if they want to do so.

Published 08 Dec, 2020 11:58am

Pakistan

Lahore police book Maryam Nawaz, other PML-N leaders for violating COVID-19 SOPs

Police also nominated MNA Malik Riaz, Waseem Khokhar, Talal Chaudhry, Maryam Aurangzeb and Malik Abrar in the FIR
The PML-N leaders were booked under clauses of the Punjab Sound System Regulation Act and provoking people against the government

Published 08 Dec, 2020 11:58am

Indian farmers launch nationwide shutdown against new laws

The farmers are strongest in the north of the country, but even the government in the southern state of Karnataka suspended online school lessons for the day to show support.

Published 08 Dec, 2020 11:56am

USA

Aviation legend Chuck Yeager has died: wife

"It is w/ profound sorrow, I must tell you that my life love General Chuck Yeager passed just before 9pm ET," Victoria Yeager tweeted on her husband's account.

Published 08 Dec, 2020 11:54am

World

Boycott-tainted poll win gives Maduro total control in Venezuela

US tech firm Voatz, which has used the technology in polls in West Virginia, Colorado and Utah, is using blockchain technology to secure the online poll.

Published 08 Dec, 2020 11:52am

Sports

Watling declared fit as injuries hit West Indies

The West Indies, meanwhile, called uncapped 22-year-old Joshua da Silva into their squad to cover for Dowrich while Chemar Holder is in line to replace Roach in the bowling line up.

Published 08 Dec, 2020 11:49am

World

Australia moves to rein in states' deals with China

But there is widespread unease in Australia at China's growing influence and Canberra has banned state-linked telecoms giant Huawei from building Australia's 5G network.

Published 08 Dec, 2020 11:47am

Sports

Hulk ends four-year stay at Shanghai under cloud after coach row

It ends a successful stay in China for Hulk, who remains one of the biggest signings in the history of Chinese football.

Published 08 Dec, 2020 11:44am

Sports

Reigning champs Seattle stun Minnesota to reach MLS final

The Sounders became the first MLS playoff team in 18 years to rally from a two-goal deficit, crushing the visiting Loons to sustain hopes of a third title after 2016 and last year.

Published 08 Dec, 2020 11:39am

World

Vaccines: 200 years of progress -- and scepticism

We look at the history of vaccines over the last two centuries, with scepticism about them never far away.

Published 08 Dec, 2020 11:36am

Pakistan

IHC bars unelected advisers, special assistants from heading govt committees

The IHC declared the constitution of the cabinet committee on privatisation as illegal.

Published 08 Dec, 2020 11:18am

Africa

Central African town finds Muslim-Christian peace after years of war

In and around Bambari, displaced people see little urgency in leaving sites run by NGOs to return to their homes, despite the assistance offered by UN agencies.

Published 08 Dec, 2020 11:31am

Millions of Californians locked down, UK to start vaccinating

"The overwhelming majority of Californians are now in this new stay-at-home order protocol," said state Governor Gavin Newsom, who earlier warned that the state hospital system was at risk of being "overwhelmed."

Published 08 Dec, 2020 11:27am

USA

US Supreme Court refuses to enter transgender 'toilet wars'

Some conservative states passed laws forcing students to use the bathrooms corresponding with their birth sex. But others adopted the previous administration's stance, including the Dallas school district in the state of Oregon.

Published 08 Dec, 2020 11:26am

World

Rising tension: India skips Canada-led COVID-19 meeting over Trudeau's remarks

The virtual meeting, which was convened by the Canadian Foreign Minister François-Philippe Champagne on December 7, was held to formulate a common strategy to tackle the COVID-19 pandemic
Modi-led Indian government is upset with Trudeau’s comments over farmers' protest and has decided to show its displeasure by refusing to attend the meeting

Published 08 Dec, 2020 11:18am

USA

UN urges Russia to end 'temporary occupation' of Crimea

Fighting between Ukrainian troops and forces backed by Russia has left more than 13,000 dead since 2014, when Russia annexed Crimea and pro-Russian forces in the east of Ukraine rebelled against Kiev.

Published 08 Dec, 2020 11:24am

Afghan civilian deaths surged during Taliban talks: report

The number of civilians killed annually in US and coalition air strikes soared by 330 percent to some 700 civilians in 2019, said Neta C. Crawford, co-director of the Costs of War Project at Brown University.

Published 08 Dec, 2020 11:22am

World

NASA outlines science goals for future astronauts on Moon

In addition, they said NASA should consider pre-positioning science assets in the vicinity of the Artemis III landing site.

Published 08 Dec, 2020 11:21am

Sports

Celtic boss Lennon given fresh vote of confidence

The club said players were left "shaken" after being targeted by missiles.

Published 08 Dec, 2020 11:19am

Sports

Balotelli signs for Berlusconi's ambitious Monza

He has had a turbulent career since bursting on the scene as a talented teenager at Inter Milan in 2007, going on to play in the team that won the treble under Jose Mourinho in 2010.

Published 08 Dec, 2020 11:17am

Technology

Pakistan, China to establish Gene & Cell Technology Research Center

The business venture between China and Pakistan by the Biotech & Biomedicine (Shenyang) Group and Dynamic Engineering and Automation (DEA) Group Pakistan for the development of Gene & Cell Technology Research& Transformation Center has further added a new drive to the collaboration between both countries in health care.

Published 08 Dec, 2020 11:13am

Middle East

Israel announces night-time curfew as virus cases rise

A health ministry spokesman told AFP the details of the curfew would be hammered out by the government before the measures went into effect.

Published 08 Dec, 2020 11:15am

USA

US, China extend giant panda deal by three years

The National Zoo has hosted giant pandas from China since 1972 and Mei Xiang and Tian Tian have been at the zoo since December 2000.

Published 08 Dec, 2020 11:13am

Stocks

Tokyo stocks open lower with eyes on US stimulus, Brexit

"Markets remain in consolidation mode as we await Brexit and US stimulus developments," added Rodigo Catrill, senior strategist at National Australia Bank.

Published 08 Dec, 2020 11:08am

Stocks

Hong Kong stocks start lower

The benchmark Shanghai Composite Index was flat, inching up 1.09 points to 3,417.69.

Published 08 Dec, 2020 10:51am

World

Cybercrime loss to exceed $1 trillion in 2020; up 50% since 2018

They attributed the increase to weaker security with more people working outside their workplace.

Updated 08 Dec, 2020 10:57am

Stocks

Hong Kong shares lower at lunch

The Hang Seng Index fell 0.61 percent, or 161.89 points, to 26,344.96.

Published 08 Dec, 2020 10:45am

Business & Finance

After five decades, Pakistan going to build Mohmand, Bhasha dams: PM Khan

The PM said that the dam will generate 800MW of hydroelectricity, irrigate over 16,000 acres of land and contribute heavily to the socio-economic uplift of the region.

Published 08 Dec, 2020 10:48am

Business & Finance

Volvo halts sales of heavy semi trucks in Mexico

Wholesale sales of heavy trucks in Mexico plummeted 46.2% during the first 10 months of this year, according to national statistics agency INEGI.

Published 08 Dec, 2020 10:40am

World

Trump adviser Navarro violated law against political activity -federal watchdog

Special Counsel Henry Kerner last year recommended that Trump fire adviser Kellyanne Conway after multiple violations of the Hatch Act, but he refused.

Published 08 Dec, 2020 10:37am

Sports

Woods' Hall of Fame induction on hold until 2022 due to COVID-19

The honorees, who were announced earlier this year, will be inducted as the Hall of Fame class of 2022, a spokeswoman said.

Published 08 Dec, 2020 10:35am

Business & Finance

Japanese manufacturers' gloom eases slightly in Dec

The central bank's third-quarter survey showed corporate capital expenditure plans by companies of all size and industry for the current fiscal year were at their weakest since the 2009 global financial crisis.

Published 08 Dec, 2020 10:32am

Violation of religious freedom: US govt places Pakistan and China among 'countries of particular concern'

Pompeo says US also designated militant groups such as al-Shabaab, al-Qaida, Boko Haram, ISIS, Jamaat Nasr al-Islam wal Muslimin and the Taliban as ‘Entities of Particular Concern’
In view of significant progress by the governments of Sudan and Uzbekistan, the US removed these states from the Special Watch List

Published 08 Dec, 2020 10:33am

Sports

Pogba should leave United in next transfer window

"I think the best solution for both parties would be to sell him in the next transfer market."

Published 08 Dec, 2020 10:28am

Business & Finance

Last date for filing Income Tax Returns today

Salary earners earning more than Rs. 600,000 in a year are required to submit their annual tax returns.

Published 08 Dec, 2020 10:26am

World

FCC awards $9.2bn to deploy broadband to 5.2 million US homes, businesses

Nearly all the locations will receive broadband with upload and download speeds of at least 100/20 megabits per second (Mbps) with an overwhelming majority - over 85% - getting gigabit-speed broadband.

Published 08 Dec, 2020 10:23am

Business & Finance

Peru economy minister sees room to upgrade 2021 growth forecasts

"In the first quarter (of 2021), possibly in February or March, we could see positive figures," Mendoza said.

Published 08 Dec, 2020 10:19am

Sports

Argentine senator wants Maradona on country's bank notes

The Senator for the La Pampa province said the final decision would be made by lawmakers, who are expected to hear her proposal early next year.

Published 08 Dec, 2020 10:16am

Business & Finance

Japan's Q3 GDP revised up to annualised 22.9% growth

The revised figure for gross domestic product (GDP) compared with economists' median forecast for 21.5% growth in a Reuters poll.

Published 08 Dec, 2020 10:12am

US AstraZeneca vaccine trial will clear confusion on how well it works: US scientist

Results and potentially a request for US emergency use authorization by AstraZeneca could come in late January, he said.

Published 08 Dec, 2020 10:09am

Business & Finance

South Korea to allocate 72.4% of 2021 fiscal outlays in first half

A total of 333.1 trillion won ($307.4 billion), or 72.4%, will be allocated to be spent in the first half, up from 71.4% in the comparable period this year.

Published 08 Dec, 2020 10:07am

World

NZ's Ardern apologises as report into mosque attack faults focus on Islamist terror risks

“The commission made no findings that these issues would have stopped the attack. But these were both failings and for that I apologise,” Prime Minister Jacinda Ardern said after the report was released.

Published 08 Dec, 2020 10:03am

Business & Finance

UK retail sales growth slows as November lockdown hits non-food sales: BRC

Spending at supermarkets was up 24%, and online food shopping was 98% higher than a year earlier, while spending in restaurants and pubs was less than half year-ago levels.

Published 08 Dec, 2020 10:04am

USA

Second US judge blocks Commerce restrictions on TikTok

The Treasury Department said late on Friday the government "is engaging with ByteDance to complete the divestment and other steps necessary to resolve the national security risks."

Published 08 Dec, 2020 10:03am

Business & Finance

Japan to compile nearly $200 billion third extra budget: government source

Prime Minister Yoshihide Suga on Tuesday announced his plan to compile a 73.6 trillion yen stimulus package to speed up the country’s recovery from its deep coronavirus slump.

Published 08 Dec, 2020 10:00am

World

Brazil pledge on Amazon needed to save EU-Mercosur trade deal: EU diplomat

Without that, EU importers cannot show where the wood came from, he said.

Published 08 Dec, 2020 09:59am

Pakistan

COVID-19 claims 89 lives, highest since July 5

The last time the country reported 93 deaths on July 5.
The nationwide death toll has jumped to 8,487.

Published 08 Dec, 2020 09:55am

Asia

China reports 12 new COVID-19 cases vs 15 a day earlier

The National Health Commission said in a statement 10 of the new cases were imported infections originating from overseas.

Published 08 Dec, 2020 09:57am

Forex

Sterling holds out hope for Brexit breakthrough in Brussels

The US Congress will vote this week on a stopgap funding bill to provide more time for lawmakers to reach a deal on a bigger COVID-19 relief package.

Published 08 Dec, 2020 09:55am

Energy

Brent oil may retest support at $48.42

The divergence suggests that oil may pull back again towards a support zone of $46.53-$47.41.

Published 08 Dec, 2020 09:53am

Commodities

China imports ever more aluminium as alloy demand booms: Andy Home

The market seems collectively to agree; witness the shift in global stocks of primary aluminium away from the United States and Europe to LME locations in Malaysia, South Korea and Singapore.

Published 08 Dec, 2020 09:50am

Canadian police officer was 'uncomfortable' assisting FBI in Huawei CFO's extradition

In previous weeks of witnesses' cross examinations, officials from CBSA and RCMP testified that the process leading up to Meng's investigation and arrest was rushed but by the book.

Published 08 Dec, 2020 09:48am

USA

Mexico registers 6,399 new coronavirus cases, 357 more deaths

The government says the real number of infected people is likely significantly higher than the confirmed cases.

Published 08 Dec, 2020 09:46am

USA

Brazil in advanced talks with Pfizer to buy 70mn COVID-19 vaccine doses

Doria has frequently clashed over the vaccine with Bolsonaro, an aggressive China critic who has baselessly dismissed the Sinovac candidate as lacking credibility.

Published 08 Dec, 2020 09:43am

Report into NZ mosque attack faults focus on Militants terror risks, firearms licensing

The report revealed Tarrant was treated by doctors in Dunedin city in the months leading up to the attack after accidentally shooting himself, but staff never alerted police to his injuries.

Published 08 Dec, 2020 09:39am

Commodities

Palm oil neutral in 3,381-3,426 ringgit range

However, the bearish divergence on the hourly MACD suggests a downside bias.

Published 08 Dec, 2020 09:36am

Asia

Hong Kong arrests 8 more activists as crackdown on opposition shows no sign of let-up

The law punishes what Beijing broadly defines as secession, subversion, terrorism and collusion with foreign forces with up to life in jail.

Published 08 Dec, 2020 09:34am

China's Wang vows to uphold trade deal during Biden administration

The US executives met for over an hour via videoconference with Wang and other Chinese officials. Such meetings generally take place every year and are normally in person, he said.

Published 08 Dec, 2020 09:32am

Currency	Rate
USD PKR Interbank Selling / Jun 24	278.40
USD PKR Interbank Buying / Jun 24	278.20
USD to Japanese Yen / Jun 26	161.74
USD to Swiss Franc / Jun 26	0.81
Pound Sterling to USD / Jun 26	1.32
Euro to USD / Jun 26	1.14
SOFR % / Jun 26	3.61

Stock	Volume
India Sensex / Jun 25	77,100.47
S&P 500 / Jun 26	7,354.02
Tokyo Nikkei / Jun 26	69,360.88
Nasdaq / Jun 26	25,297.62
Hang Seng / Jun 26	22,671.86
FTSE 100 / Jun 26	10,508.02
Dow Jones / Jun 26	51,876.11
Germany DAX 30 / Jun 26	24,671.22
France CAC40 / Jun 26	8,384.87

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 24	18,280
Gold 10 Grams PKR / Jun 24	368,985
Crude Oil USD/Barrel / Jun 26	69.23
Gold Spot USD/Ounce / Jun 26	4,088.74
Cotton US¢/pound / Jun 26	76.38
Petrol/Litre / Jun 27	299.50
Diesel/Litre / Jun 27	311.47

Stock	Price
Ghani Chemworld Limited (R) / Jun 24 Ghani Chemworld Limited Right(GCWLR)	8.01 ▲ 1 (14.27%)
Gulistan Sp. / Jun 24 Gulistan Spinning Mills Limited(GUSM)	10.01 ▲ 0.94 (10.36%)
Ali Asghar / Jun 24 Ali Asghar Textile Mills Limited(AATM)	57.61 ▲ 5.24 (10.01%)
Al-Shaheer Corp / Jun 24 Al Shaheer Corporation Limited(ASC)	12.20 ▲ 1.11 (10.01%)
Feroze 1888 / Jun 24 Feroze1888 Mills Limited(FML)	57.48 ▲ 5.23 (10.01%)
J.A.Textile / Jun 24 J.A. Textile Mills Limited(JATM)	33.52 ▲ 3.05 (10.01%)
Sardar Chemical / Jun 24 Sardar Chemical Industries Limited(SARC)	77.07 ▲ 7.01 (10.01%)
Buxly Paints / Jun 24 Buxly Paints Limited(BUXL)	251.72 ▲ 22.88 (10%)
Chashma / Jun 24 Chashma Sugar Mills Limited(CHAS)	101.19 ▲ 9.2 (10%)
Fateh Sports / Jun 24 Fateh Sports Wear Limited(FSWL)	111.29 ▲ 10.12 (10%)

Stock	Price
First Fid. Leasing / Jun 24 First Fidelity Leasing Modaraba(FFLM)	22.28 ▼ -2.47 (-9.98%)
Int. Knit. / Jun 24 International Knitwear Limited(INKL)	100.26 ▼ -11.12 (-9.98%)
Aruj Industries / Jun 24 Aruj Industries Limited(ARUJ)	10.80 ▼ -1.14 (-9.55%)
NIT PakistanXD / Jun 24 NIT Pakistan Gateway ETF(NITGETF)	37.25 ▼ -3.75 (-9.15%)
Aisha Steel(ConPS) / Jun 24 Aisha Steel(ConPS)(ASLPS)	23.52 ▼ -2.32 (-8.98%)
Pakgen Power / Jun 24 Pakgen Power Limited(PKGP)	43.13 ▼ -3.72 (-7.94%)
First AL-Noor Mod. / Jun 24 First Al-Noor Modaraba(FANM)	7.06 ▼ -0.51 (-6.74%)
Zuma Resources / Jun 24 Zuma Resources Limited(ZUMA)	104.71 ▼ -7.26 (-6.48%)
Popular Islamic / Jun 24 Popular Islamic Modaraba(PIM)	22.28 ▼ -1.26 (-5.35%)
TPL Insurance / Jun 24 TPL Insurance Limited(TPLI)	25.60 ▼ -1.44 (-5.33%)

Stock	Volume
K-Electric Ltd. / Jun 24 K-Electric Limited(KEL)	112,892,122 ▲ 0.33
Pak Int.Bulk / Jun 24 Pakistan International Bulk Terminal(PIBTL)	73,295,107 ▲ 0.94
WorldCall Telecom / Jun 24 Worldcall Telecom Limited(WTL)	38,761,163 ▲ 0.01
Pak Elektron / Jun 24 Pak Elektron Limited(PAEL)	31,348,609 ▲ 1.02
Maple Leaf Cement / Jun 24 Maple Leaf Cement Factory Limited(MLCF)	27,194,838 ▲ 3.85
PIA Holding Co.Ltd / Jun 24 PIA Holding Company Limited(PIAHCLA)	21,872,379 ▲ 1.92
Kohinoor Spinning / Jun 24 Kohinoor Spinning Mills Limited(KOSM)	20,610,130 ▲ 0.11
Sui South Gas / Jun 24 Sui Southern Gas Company Limited(SSGC)	20,069,542 ▼ -0.9
The Organic Meat / Jun 24 The Organic Meat Company Limited(TOMCL)	20,043,142 ▲ 2.92
B.O.Punjab / Jun 24 The Bank of Punjab(BOP)	18,657,800 ▲ 0.26