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Archive - 2021-01-04
SAPM visits Shelter Home
Pakistan

SAPM visits Shelter Home

  • The SAPM said that past rulers looted wealth ruthlessly and did politics of their personal gains putting aside the national interests.
Published 04 Jan, 2021 09:17pm
LHC bans invasive test for rape victims
Pakistan

LHC bans invasive test for rape victims

  • The court asked authorities to take necessary steps to ensure that the test is not conducted as part of legal or medical examinations of the victims of rape and sexual abuse.
  • "In the detailed judgement by Justice Ayesha Malik, it has been held that the practice of virginity testing is unscientific and has no forensic value in cases of sexual violence, " say petitioners.
Published 04 Jan, 2021 09:07pm
Neste buys stake in US recycling tech firm Alterra
Companies

Neste buys stake in US recycling tech firm Alterra

  • Neste said Alterra can liquefy a broad range of plastic waste into a material similar to crude oil.
  • The collaboration of the companies supports Alterra Energy's target of commencing the construction of a state-of-the-art liquefaction site in Europe during 2021.
Published 04 Jan, 2021 08:59pm
Soy up 30-35 cents, corn up 7-9 cents, wheat up 2-3 cents
Commodities

Soy up 30-35 cents, corn up 7-9 cents, wheat up 2-3 cents

  • Strength in corn supportive to wheat futures but profit-taking noted as most-active contract hit fresh six-year peak during the overnight trading session.
  • Corn futures expected to rally for the 15th day in a row as most-active contract hit highest in 6-1/2 years overnight
Published 04 Jan, 2021 08:55pm
Bank of Israel sees strong rebound if vaccine rolled out quickly
Financial

Bank of Israel sees strong rebound if vaccine rolled out quickly

  • The bank left its benchmark interest rate at 0.1% for a sixth straight meeting, in line with analysts' forecasts in a Reuters poll.
  • The central bank said that if the rapid rate of inoculation was maintained, it forecast the economy to grow by 6.3% in 2021 and 5.8% in 2022.
Published 04 Jan, 2021 08:44pm
EU defends its slow vaccine roll-out
Europe

EU defends its slow vaccine roll-out

  • EU countries started inoculations on December 27 with the BioNTech/Pfizer vaccine, but progress has been much slower than in the United States, Britain or Israel.
Published 04 Jan, 2021 08:27pm
US final manufacturing PMI ends 2020 at 6-year high: IHS Markit
USA

US final manufacturing PMI ends 2020 at 6-year high: IHS Markit

  • Consumer goods makers saw weaker order flow as COVID-19 infections surged and limited consumer spending.
  • With output moderating to 58.3 last month from 59.2 in November, the headline index's improvement was driven largely by a strong pricing environment.
Published 04 Jan, 2021 08:23pm
Zalmay, Bajwa discuss Afghanistan peace over meeting: ISPR
Pakistan

Zalmay, Bajwa discuss Afghanistan peace over meeting: ISPR

  • Khalilzad acknowledged Pakistan’s efforts in promoting peace in Afghanistan, says ISPR.
  • Both leaders expressed their pledge for peace and stability across the borders and agreed to maintain an exchange for that end, says military's media wing.
Published 04 Jan, 2021 08:19pm
South Korean-flagged tanker seized by Iran, Seoul demands release
South Asia

South Korean-flagged tanker seized by Iran, Seoul demands release

  • Seoul confirmed the seizure of a South Korean chemical tanker by Iranian authorities in the waters off Oman, and demanded its immediate release.
  • The US Navy's Bahrain-based Fifth Fleet was aware and monitoring the situation, spokeswoman Rebecca Rebarich said in response to a Reuters query.
Published 04 Jan, 2021 08:17pm
eSwatini aims to vaccinate entire population against COVID-19
Africa

eSwatini aims to vaccinate entire population against COVID-19

  • eSwatini, formerly known as Swaziland, is participating in the COVAX global vaccine distribution scheme co-led by the World Health Organization.
  • We are still trying to explore other sources for the vaccine in the event the country fails to secure the additional vaccine doses through the COVAX Facility due to limited supplies.
Published 04 Jan, 2021 08:11pm
Google employees form workers' union in United States
Technology

Google employees form workers' union in United States

  • The "Alphabet Workers Union" aims to ensure that employees work at a fair wage, without fear of abuse, retaliation or discrimination.
  • We're building on years of organizing efforts at Google to create a formal structure for workers.
Published 04 Jan, 2021 07:29pm
Egypt eyes slow return for tourism after revenues dive in 2020
Africa

Egypt eyes slow return for tourism after revenues dive in 2020

  • The number of tourists visiting Egypt sank to 3.5 million last year from 13.1 million in 2019.
  • The goal right now is not to count the number of tourists but to have it be said that Egypt is a safe tourist destination during the coronavirus pandemic.
Published 04 Jan, 2021 07:10pm
Ireland seeking 3-4 billion euros from new 10-year bond
Financial

Ireland seeking 3-4 billion euros from new 10-year bond

  • Ireland regularly kicks off its annual funding drive with a syndicated sale and could cover up to a quarter of its funding needs for this year.
  • Ireland's debt agency said the transaction would be launched in the near future, subject to market conditions.
Published 04 Jan, 2021 07:00pm
German hospitals in very difficult situation
Europe

German hospitals in very difficult situation

  • The number of confirmed coronavirus cases in Germany increased by 9,847 to 1,775,513.
  • It is hard to get an accurate picture of the COVID-19 situation at the moment as reported cases are probably incomplete due to the holidays.
Published 04 Jan, 2021 06:58pm
PDM's strategy fails badly: Fawad
Pakistan

PDM's strategy fails badly: Fawad

  • Fawad said Maulana’s irresponsible statements reflect ultimate failure of their strategy which was not made consciously and that is why failed badly.
Published 04 Jan, 2021 06:55pm
Moeen Ali tests positive for COVID-19
Sports

Moeen Ali tests positive for COVID-19

  • The 33-year-old will now observe a 10-day self-isolation period in accordance with the Sri Lankan Government’s quarantine protocols.
  • All-rounder Chris Woakes has been deemed as a possible contact and he, too, will self-isolate until further testing.
Published 04 Jan, 2021 06:43pm
Worry about Indonesian supplies fuel nickel's surge
Commodities

Worry about Indonesian supplies fuel nickel's surge

  • Benchmark nickel on the London Metal Exchange was up 4.9% at $17,425 a tonne.
  • Earthquakes in Indonesia triggered nickel buying, but it's a knee-jerk reaction and I'm not sure these levels can be sustained as production hasn't really been affected.
Published 04 Jan, 2021 06:03pm
Dubai Airports and GMR Hyderabad agree deal to aid vaccine distribution
South Asia

Dubai Airports and GMR Hyderabad agree deal to aid vaccine distribution

  • The vaccine corridor between Dubai and Hyderabad connects leading vaccine manufacturers in India with markets around the world through the Dubai International Airport cargo hub.
  • A major surge in demand for the efficient, safe and reliable global distribution of high volumes of COVID-19 vaccines is expected in the coming months.
Published 04 Jan, 2021 05:56pm
London stock market surges 3pc
Stocks

London stock market surges 3pc

  • The FTSE 100 is kicking off 2021 in style, with the headline UK market enjoying an impressive 3.0 percent gain in early trade.
Published 04 Jan, 2021 05:45pm
UK PM Johnson to impose tougher COVID-19 curbs shortly
Europe

UK PM Johnson to impose tougher COVID-19 curbs shortly

  • Cases of COVID-19 have risen sharply in Britain in recent weeks, fuelled by a new and more transmissible variant of the virus.
  • If you look at the numbers, there's no question that we're going to have to take tougher measures and we'll be announcing those in due course.
Published 04 Jan, 2021 05:39pm
UK govt debt pool with sub-zero yields jumps in December
Financial

UK govt debt pool with sub-zero yields jumps in December

  • Almost 1.25 trillion pounds ($1.71 trillion) of gilts, or just over 48% of a total market worth roughly 2.6 trillion pounds.
  • The market value of negative-yielding euro zone government bonds on the Tradeweb platform stood at around 6.66 trillion euros as of end-December.
Published 04 Jan, 2021 05:34pm
Over 200 Google, Alphabet workers have announced plans to form a union
World

Over 200 Google, Alphabet workers have announced plans to form a union

  • Approximately, 227 workers have so far signed on to support the union and they have all committed to set aside one percent of the yearly compensation to go towards union dues
  • More than half of the people who work at Alphabet companies are contract workers and therefore lack many benefits
  • The Alphabet Workers Union seeks to be open to both employees and contractors and will work in coordination with CODE-CWA
Published 04 Jan, 2021 05:23pm
NITB's Pass Track App Registrations Reach 400k
Industry

NITB's Pass Track App Registrations Reach 400k

  • The Pass Track app by the National Information Technology Board's (NITB) registers 400,000 passengers travelling to Pakistan.
  • Around 2000 individuals have been registering daily on the app, according to a recent tweet by NITB.
Published 04 Jan, 2021 04:06pm
Punjab notifies implementation on Single National Curriculum
Pakistan

Punjab notifies implementation on Single National Curriculum

  • The board in its 76th meeting approved the SNC under section 9(3)(a) of PCTB Act-2015.
  • “The competent authority, Punjab Curriculum and Textbook Board, Lahore, hereby notified the SNC for grades Pre I – V and Model Textbooks of Education Reforms," reads notification.
Updated 04 Jan, 2021 03:54pm
Yamaha bike prices rise by Rs6000
Companies

Yamaha bike prices rise by Rs6000

  • Following Atlas Honda's lead, Yamaha Motor Pakistan also raised its bike prices by Rs. 6,000.
  • These prices will come into effect from the 7th of January 7th, 2021.
Published 04 Jan, 2021 03:11pm
Palestinians excluded from Israel's vaccination drive, as millions in the occupied territory may wait months
Middle East

Palestinians excluded from Israel's vaccination drive, as millions in the occupied territory may wait months

  • Despite the fact that Israel has conducted a record-setting vaccination drive, having already vaccinated a tenth of the population, Palestinians in the Israeli-occupied West Bank and Gaza have yet to be involved in the process.
  • Batches of the Pfizer/BioNTech vaccines have been dispatched to the West Bank, but they have only been distributed to Jewish settlers - depriving the nearly 2.7 million Palestinians in the territory.
Updated 04 Jan, 2021 03:04pm
US decides to keep aircraft carrier in Gulf waters amid Iran threat
USA

US decides to keep aircraft carrier in Gulf waters amid Iran threat

  • The carrier has been patrolling in Gulf waters since late November.
  • "Due to the recent threats issued by Iranian leaders against President Trump and other US government officials, I have ordered the USS Nimitz to halt its routine redeployment,” says US Defense Secretary.
Published 04 Jan, 2021 02:29pm
Airbus to launch a carbon-free aircraft by 2035
Companies

Airbus to launch a carbon-free aircraft by 2035

  • Airbus hopes to become an international pioneer in the aerospace sector by launching a carbon-free commercial aircraft by 2035.
  • The engines in these carbon-free commercial aircrafts will be adapted to burn liquid hydrogen stored in the rear fuselage.
Updated 04 Jan, 2021 02:27pm
Turkish inflation up more than expected to 14.6%
Financial

Turkish inflation up more than expected to 14.6%

  • Agbal said last month policy will remain tight in 2021 to finally lower inflation in a lasting way and hit a target of 5% by 2023. The bank forecasts 9.4% inflation by the end of 2021, lower than most analysts.
Published 04 Jan, 2021 01:28pm
Taliban accuse U.S of violating peace agreement, in the aftermath of targeted airstrikes
South Asia

Taliban accuse U.S of violating peace agreement, in the aftermath of targeted airstrikes

  • On Monday, the Taliban accused the United States of violating the U.S-Taliban peace agreement signed in February in Doha, claiming that American forces carried out targeted airstrikes in Nangarhar, Helmand and Kandahar provinces.
  • This statement came shortly after the U.S Secretary of State Mike Pompeo stated that the Taliban had not targeted American soldiers in Afghanistan in almost a year; since the signing of the U.S-Taliban deal.
Updated 04 Jan, 2021 12:55pm
Pakistan reports two more cases of new COVID strain: NCOC
Pakistan

Pakistan reports two more cases of new COVID strain: NCOC

  • The NIH examined a number of samples taken from passengers who returned from United Kingdom over suspicion of carrying the new Covid-19 variant
  • The new more "severe" coronavirus strain was detected in Britain and South Africa with experts claiming it spreads quicker than current types of the virus
Published 04 Jan, 2021 11:51am
Thousands march in Baghdad on anniversary of Soleimani assassination, pushing for withdrawal of U.S troops
Middle East

Thousands march in Baghdad on anniversary of Soleimani assassination, pushing for withdrawal of U.S troops

  • On Saturday, a mock funeral procession was held in Baghdad, marking the first anniversary of the drone strike that killed Iranian General Qassem Soleimani, and Iraqi militia leader Abu Mahdi al-Muhandis.
  • Thousands of mourners joined the march on the highway leading to the Baghdad airport, the exact highway where the two key figures were assassinated.
Updated 04 Jan, 2021 11:49am
US aircraft carrier to stay in Gulf: Pentagon
World

US aircraft carrier to stay in Gulf: Pentagon

  • Trump unilaterally withdrew the US from a landmark nuclear deal with Iran and world powers in 2018 and launched a "maximum pressure" campaign against Tehran, reimposing and reinforcing crippling sanctions.
Published 04 Jan, 2021 11:40am
Beijing vaccinates thousands in Covid-19 jab drive
World

Beijing vaccinates thousands in Covid-19 jab drive

  • But China now plans a gradual rollout for the vaccine starting with key groups considered to have a high risk of exposure to the virus, including port and logistic workers and people planning to return to studies abroad.
Published 04 Jan, 2021 11:26am
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