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Archive - 2021-01-06
CM tests negative for COVID-19
Pakistan

CM tests negative for COVID-19

  • He said that the coronavirus infection was a fatal disease, therefore, people should wear facemasks and adopt necessary precautions to remain safe from this disease.
Updated 07 Jan, 2021 12:04am
EU authorises Moderna vaccine
Europe

EU authorises Moderna vaccine

  • The EU's total population is 450 million. The approved vaccines require two doses per person to reach their full effect.
Published 06 Jan, 2021 09:49pm
EU may soon approve new use of Pfizer vaccine boosting doses by 20pc
Companies

EU may soon approve new use of Pfizer vaccine boosting doses by 20pc

  • The source, who asked to remain anonymous because discussions are not public, said the change to the authorisation could come "very soon".
  • The company has submitted a request for change, which is being reviewed by the CHMP (human medicines committee) in the shortest possible timeframe.
Published 06 Jan, 2021 09:22pm
TSX rises on boost from pot producers
Stocks

TSX rises on boost from pot producers

  • The Toronto Stock Exchange's S&P/TSX composite index was up 70.73 points, or 0.4%, at 17,753.24.
  • Healthcare sector jumped 7.8% with cannabis stocks being the biggest gainers.
Published 06 Jan, 2021 09:13pm
Saudi Arabia raises Feb crude official prices to Asia
Companies

Saudi Arabia raises Feb crude official prices to Asia

  • The company set the Arab Light OSP to Northwestern Europe at a discount of $1.90 a barrel against ICE Brent.
  • down $0.50 from January and to the United States at plus $0.75 per barrel over ASCI (Argus Sour Crude Index), up $0.20 from the previous month.
Published 06 Jan, 2021 09:11pm
US crude stocks slump, fuel inventories surge: EIA
Energy

US crude stocks slump, fuel inventories surge: EIA

  • Crude inventories fell by 8 million barrels in the last week to 485.5 million barrels, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel drop.
  • Refinery crude runs rose by 89,000 barrels per day in the last week, EIA said.
Published 06 Jan, 2021 09:09pm
Ukraine sunoil export prices extend rally
Commodities

Ukraine sunoil export prices extend rally

  • The move is caused by both an increase in the cost of production...and a significant increase in quotations of vegetable oils and oil on international markets.
  • The consultancy has increased its forecast for Ukraine's sunoil production and exports for the 2020/21 season to 6.219 million tonnes and 5.780 million tonnes respectively.
Published 06 Jan, 2021 08:55pm
NYSE to delist three Chinese telecom firms, reversing course again
Stocks

NYSE to delist three Chinese telecom firms, reversing course again

  • The latest move marks the third about-turn, amid confusion over rules set by the Trump administration and escalating tensions within Washington on China policy.
  • Plans to delist the three Chinese firms were prompted by a White House executive order banning US investment in Chinese military-linked companies.
Published 06 Jan, 2021 08:39pm
Facebook drops 'likes' button from public pages
Technology

Facebook drops 'likes' button from public pages

  • Facebook Pages will only show followers and have a dedicated News Feed where users can join conversations, interact with peers and engage with fans, the company said in a blog post.
  • “We are removing Likes and focusing on Followers to simplify the way people connect with their favorite Pages,” Facebook said about the redesign.
Updated 06 Jan, 2021 08:37pm
Oil extends gains after surprise Saudi output cut
Energy

Oil extends gains after surprise Saudi output cut

  • Saudi move 'reflects signs of weakening demand' -Goldman Sachs.
  • OPEC output rises in December - Reuters survey.
  • US crude inventories fell 1.7 mln bbl in week to Jan. 1 –API.
  • US EIA inventory data due at 1530 GMT.
Published 06 Jan, 2021 08:35pm
European stocks rally
Stocks

European stocks rally

  • In Asia, stock markets closed lower as coronavirus fallout also dominated the direction of markets worldwide.
Published 06 Jan, 2021 07:59pm
CAA divided into three parts after restructuring
Pakistan

CAA divided into three parts after restructuring

  • The authority has been divided into three divisions, including the Regulatory Division, Airport Services and Operations, and Support Functions.
  • In the new setup, the Director-General of CAA will supervise the two posts of Additional Director-Generals for the Regulatory Division and the Airport Services and Operations, respectively.
Updated 06 Jan, 2021 07:50pm
Thailand plans more relief measures after new outbreak
South Asia

Thailand plans more relief measures after new outbreak

  • The government has a fiscal budget, including for urgent matters, of more than 139 billion baht ($4.65 billion).
  • There is also an investment budget of 290 billion baht for state enterprise in the current fiscal year which will help drive Southeast Asia's second-largest economy.
Published 06 Jan, 2021 07:25pm
India's IOC buys its first cargo of Iraqi Basra Medium oil
Companies

India's IOC buys its first cargo of Iraqi Basra Medium oil

  • IOC loaded the cargo onto Minerva Kalypso, a suezmax-sized vessel, which left Iraq's southern port of Basra on Jan. 4.
  • The ship is expected to arrive at Chennai port in southeastern India for IOC's subsidiary Chennai Petroleum Corp (CPCL) around Jan. 14.
Published 06 Jan, 2021 07:23pm
KU announces BDS exam result
Pakistan

KU announces BDS exam result

  • KU Controller of Examination said that 89 candidates were declared pass while the overall pass percentage was 87.25.
Published 06 Jan, 2021 07:20pm
Senate polls: SC issues written order into presidential reference
Pakistan

Senate polls: SC issues written order into presidential reference

  • The reference was sent by President Arif Alvi in which he sought out court’s opinion under article 188 of the constitution.
  • In its written order, the apex court has issued notices to advocate generals, chairman Senate, speakers of the national and provincial assemblies and Election Commission of Pakistan (ECP).
Published 06 Jan, 2021 07:20pm
Oman turns stock exchange into closed joint stock company
Stocks

Oman turns stock exchange into closed joint stock company

  • It will be called the Muscat Stock Exchange and all assets and employees of the Muscat Securities Market will be transferred to that new entity.
  • Oman established the Oman Investment Authority in June to own and manage most of the country's sovereign wealth fund and finance ministry assets.
Published 06 Jan, 2021 07:00pm
Ukraine investigating illegal vaccinations against COVID: PM
Europe

Ukraine investigating illegal vaccinations against COVID: PM

  • Ukraine, which has registered more than 1 million COVID-19 infections and 19,357 deaths so far, has yet to approve any of the newly developed vaccines.
  • None of the vaccines are currently certified in Ukraine. And I'm sure no rational person would get vaccinated with drugs of unknown origin.
Published 06 Jan, 2021 06:53pm
Germany says does not intend to delay second COVID-19 vaccine shot
Europe

Germany says does not intend to delay second COVID-19 vaccine shot

  • Germany has asked an independent expert panel for advice on whether to allow a delay in administering the second dose to make scarce supplies go further.
  • My impression is that it makes a lot of sense, especially with these sensitive issues, where trust and reliability are important.
Published 06 Jan, 2021 06:49pm
Home series against South Africa could be Misbah’s last
Sports

Home series against South Africa could be Misbah’s last

Under Misbah, Pakistan played 10 Test matches in which, the Green Shirts managed to win only two, both at home, lost five and three matches ended as a draw. Former England head coach Andy Flower and India’s World Cup-winning coach Gary Kirsten are believed to be in the running to replace Misbah after the South Africa series.
Published 06 Jan, 2021 06:47pm
Amazon.com to spend $2bn in homebuilding near key US offices
Companies

Amazon.com to spend $2bn in homebuilding near key US offices

  • The company said it intends to create at least 20,000 affordable housing units in Puget Sound area of Washington State.
  • A large proportion of Amazon's investment will be through low-cost loans to preserve or build affordable housing for moderate-to-low income families
Published 06 Jan, 2021 06:46pm
Osama murder case: ATC extends physical remand of five CTF cops
Pakistan

Osama murder case: ATC extends physical remand of five CTF cops

  • During the proceedings, the judge inquired whether the weapons used in the killing had been recovered.
  • Five members of Counter Terrorism Force (CTF) were arrested on Saturday after Usama was allegedly shot dead by them while he was travelling in his vehicle.
Updated 06 Jan, 2021 05:58pm
Julian Assange refused bail, despite being ruled against extradition to the U.S
Europe

Julian Assange refused bail, despite being ruled against extradition to the U.S

  • Julian Assange has been refused bail by a judge, who this week rejected a U.S request to have him extradited to face espionage and hacking charges.
  • The co-founder of WikiLeaks has been held at the Belmarsh Prison in South-East London since the past 18 months, after he was evicted from the Ecuadorian embassy - where he sought asylum since the past seven years.
Updated 06 Jan, 2021 05:53pm
Fed minutes may shed light on bond plans, views of vaccine
USA

Fed minutes may shed light on bond plans, views of vaccine

  • The minutes of that meeting will be released Wednesday and are likely to detail just what drove that decision and how the Fed is factoring the promise of a coronavirus vaccine into its plans.
  • The faster we get that under control the more robust this recovery is going to look.
Published 06 Jan, 2021 05:44pm
Little support: US lawmaker moves bill to strip Pakistan of non-NATO ally status

Little support: US lawmaker moves bill to strip Pakistan of non-NATO ally status

  • The law comes amid uncertainty regarding US President-elect Biden administration’s posture in direction of Pakistan after four years of tumultuous relations
  • The bill which was presented by Congressman Andy Biggs, though a outstanding Republican from Arizona, isn’t a member of the committee and has little support in the Congress
Updated 06 Jan, 2021 05:34pm
EU watchdog starts review of customer charges in funds sector
Stocks

EU watchdog starts review of customer charges in funds sector

  • The review is the latest push by EU regulators to ensure value for money in the funds sector, and it will follow guidance set out by ESMA last year.
  • The funds being scrutinised are regulated under the bloc's "UCITS" rules, seen as a global benchmark in investment funds.
Published 06 Jan, 2021 05:28pm
Shagang Group to consider bringing in strategic investors to Global Switch
Companies

Shagang Group to consider bringing in strategic investors to Global Switch

  • Jiangsu Shagang Group, the listed arm of Shagang Group, said in an announcement via an interactive platform run by the Shenzhen Stock Exchange on Wednesday.
  • Besides being involved in the company's reorganisation, our controlling shareholder Shagang Group currently has no plans to sell (its) entire stake in Global Switch.
Published 06 Jan, 2021 05:24pm
'No law can order us': Greek Christians defy COVID ban on Epiphany services
Europe

'No law can order us': Greek Christians defy COVID ban on Epiphany services

  • Despite a plea by Prime Minister Kyriakos Mitsotakis for Church authorities to set an example during a crisis that has killed more than 5,000 in Greece.
  • On Monday, in a rare show of dissent, Synod leaders wrote to the government to say there was no justification for preventing Epiphany services.
Published 06 Jan, 2021 05:20pm
German cabinet agrees quota for women on company boards
Europe

German cabinet agrees quota for women on company boards

  • The law builds on a 30% quota for supervisory boards introduced in 2015 and will apply to listed companies with more than three management board members.
  • This law is a milestone for more women in leadership positions.
Published 06 Jan, 2021 05:15pm
Russia inoculates 1 million people against COVID-19
Europe

Russia inoculates 1 million people against COVID-19

  • Russia, which has the world's fourth highest number of COVID-19 cases, started large-scale vaccinations last month.
  • Earlier on Wednesday, Russia reported 24,217 new coronavirus cases, including 5,142 in Moscow, taking the national tally to 3,308,601.
Published 06 Jan, 2021 05:13pm
Markets shift to price in chance of Democrat Senate wins
Stocks

Markets shift to price in chance of Democrat Senate wins

  • In stocks, infrastructure and renewable energy sectors were rising, while the Nasdaq, home to big tech stocks, took a hit.
  • Raphael Warnock, the Democrat seeking to unseat Republican US Senator Kelly Loeffler, held the lead in one of two races.
Published 06 Jan, 2021 05:10pm
China says it will respond to planned Taiwan, U.S. defense talks
China

China says it will respond to planned Taiwan, U.S. defense talks

  • China said on Wednesday it would make a “necessary response” to a planned military dialogue between the United States and Chinese-claimed Taiwan, saying it firmly opposed the event.
  • Democratic Taiwan, claimed by China as its sovereign territory, has come under increasing pressure from Beijing, which has ramped up military activity near the island.
Published 06 Jan, 2021 05:01pm
Wikileaks founder Assange denied bail by London court after extradition win
Europe

Wikileaks founder Assange denied bail by London court after extradition win

  • She was referring to the fact that Assange skipped bail and fled to the Ecuadorean embassy in London in 2012 to avoid extradition to Sweden.
  • "I am satisfied that there are substantial grounds for believing that if Mr Assange is released today he would fail to surrender to court to face the appeal proceedings.
Published 06 Jan, 2021 04:44pm
Shabbar Zaidi voice against reversing zero rating for Pakistan exports
Business & Finance

Shabbar Zaidi voice against reversing zero rating for Pakistan exports

  • “If this is done then we should forget about any tax system in Pakistan,” said Zaidi, while calling for an improvement in the refund system.
  • All Pakistan Textile Mills Association (APTMA) in a series of tweets on Wednesday, said that the withdrawal of zero-rating was one of the most regressive policies brought in by then FBR Chairman Shabbar Zaidi.
Published 06 Jan, 2021 01:57pm
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