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Archive - 2021-01-12
Govt not afraid of PDM: Usman Dar
Pakistan

Govt not afraid of PDM: Usman Dar

  • Usman Dar said PDM would escape from launching long march just like the resignations because they knew that they failed to get public support.
Updated 13 Jan, 2021 12:11am
Solar power company Daystar raises $38mn for West Africa expansion
Energy

Solar power company Daystar raises $38mn for West Africa expansion

  • Grid power across Africa does not meet nations' needs and a variety of solar companies are seeking to fill the gap. In Nigeria, Africa's most populous nation and largest economy.
  • "We have seen a more than fiftyfold increase in power-as-a-service revenue over the last two years.
Published 12 Jan, 2021 09:28pm
Egypt follows Gulf allies in reopening airspace to Qatar
Africa

Egypt follows Gulf allies in reopening airspace to Qatar

  • Qatar Airways was expected to restart flights between Doha and Egypt on Friday, pending approval, sources at Cairo airport said.
  • Goods transport between the two countries will also become possible under agreements that are set to be activated.
Published 12 Jan, 2021 09:26pm
Nickel prices boosted by Philippines ban on mining island
Commodities

Nickel prices boosted by Philippines ban on mining island

  • Philippine President Rodrigo Duterte stopped mining on Tumbagan Island in Languyan, in Tawi-Tawi province.
  • Benchmark nickel on the London Metal Exchange was up 3.3% to $17,655 per tonne at 1315 GMT, making it the biggest gainer among base metals.
Published 12 Jan, 2021 09:18pm
Google launches $3mn fund to fight vaccine misinformation
Technology

Google launches $3mn fund to fight vaccine misinformation

  • The "COVID-19 Vaccine Counter Misinformation Open Fund" aims to support journalistic efforts to effectively fact-check misinformation about the COVID-19 immunisation process.
  • While the COVID-19 infodemic has been global in nature, misinformation has also been used to target specific populations.
Published 12 Jan, 2021 09:13pm
Sanofi's standalone drug ingredients business to be called EUROAPI
Companies

Sanofi's standalone drug ingredients business to be called EUROAPI

  • The company signalled last February it intended to carve out its active pharmaceutical ingredients business, which provides biologically active components for drugs.
  • Sanofi said it expected the new company, which will be based in France and have 3,200 staff, to have sales of around 1 billion euros ($1.2 billion) by 2022.
Published 12 Jan, 2021 09:10pm
Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents
Commodities

Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents

  • Egypt has canceled an international tender to buy wheat with no purchase made, the country's state grain buyer said.
  • The CBOT's most-active corn contract gained in overnight trading in anticipation of a tightened supply and demand picture in Tuesday's USDA report.
Published 12 Jan, 2021 09:02pm
Lenovo to issue CDRs worth 10pc of shares outstanding on STAR market
Stocks

Lenovo to issue CDRs worth 10pc of shares outstanding on STAR market

  • It would seek a specific mandate from shareholders to issue up to 1.34 billion shares or 10% of shares in issue.
  • The Beijing-based company said it intends to use the proceeds from the issuance for research and development of new technologies, products and solutions, among others.
Published 12 Jan, 2021 08:59pm
India's Bharat Biotech to supply its COVID-19 vaccine to Brazil
Companies

India's Bharat Biotech to supply its COVID-19 vaccine to Brazil

  • India's drug regulator has given emergency use approval to Bharat Biotech's COVAXIN, as well as to AstraZeneca and Oxford University's Covishield vaccine.
  • Bharat Biotech said it has signed an agreement with a Brazil-based pharmaceutical seller, Precisa Medicamentos, to supply COVAXIN.
Published 12 Jan, 2021 08:55pm
Trump calls move to impeach him 'absolutely ridiculous'
World

Trump calls move to impeach him 'absolutely ridiculous'

  • Trump would become the first U.S. president to be impeached twice if the House of Representatives votes in favor of impeachment on Wednesday.
    • The president did not answer a question about whether he would resign.
Published 12 Jan, 2021 08:54pm
Italian BTP yields jump on political uncertainty fears
Financial

Italian BTP yields jump on political uncertainty fears

  • Italy's 10-year bond yield was up 8.5 basis points at 0.629%, after hitting its highest since Dec. 2.
  • Some headlines are weighing heavily on Italian government bond prices. Market is worried about any development that could lead to a euro-sceptic policy in Italy.
Published 12 Jan, 2021 08:53pm
Ukraine asks EU neighbours for more help getting COVID-19 vaccines
Europe

Ukraine asks EU neighbours for more help getting COVID-19 vaccines

  • The pandemic has killed more than 20,000 Ukrainians and plunged one of Europe's poorest countries into recession last year.
  • Ukraine has agreed to buy some vaccines from China and also expects to secure some under the global COVAX programme for poorer countries.
Published 12 Jan, 2021 08:51pm
PIMCO says 2021 'not a time for excessive optimism'
USA

PIMCO says 2021 'not a time for excessive optimism'

  • In its 2021 outlook published Tuesday, the California-based fixed-income investor, which manages over $2 trillion in assets.
  • Investors may have become too complacent as reflected by the bullish consensus positioning. As these risk factors underline.
Published 12 Jan, 2021 08:44pm
GM to launch BrightDrop electric delivery vehicle business
Companies

GM to launch BrightDrop electric delivery vehicle business

  • The move will put GM squarely in competition in the commercial sector with crosstown rival Ford Motor Co as well as startups such as Rivian, Arrival and Canoo.
  • Barra introduced BrightDrop in an online keynote address at the annual tech and gadget show CES.
Published 12 Jan, 2021 08:37pm
Britain's John Lewis suspends click & collect due to COVID-19
Industry

Britain's John Lewis suspends click & collect due to COVID-19

  • The department stores' in-home services and installations teams will also only carry out a significantly reduced range of activities in customers' homes.
  • The partnership's Waitrose supermarket chain has also followed rivals in making the wearing of face coverings by customers mandatory.
Published 12 Jan, 2021 08:35pm
No mask, no shop - UK supermarkets insist on face coverings
Industry

No mask, no shop - UK supermarkets insist on face coverings

  • With COVID-19 infection numbers rising sharply, the UK government has expressed concern about the spread of the virus in supermarkets.
  • To protect our customers and colleagues, we won't let anyone into our stores who is not wearing a face covering.
Published 12 Jan, 2021 08:29pm
Yields highest since March before 10-year auction
Financial

Yields highest since March before 10-year auction

  • Investors are watching to see if the recent rise in yields will lure buyers to today's $38 billion sale of 10-year notes.
  • The Georgia Senate run-off elections really changed the landscape for the outlook pretty significantly as there is now potentially very significant additional stimulus.
Published 12 Jan, 2021 08:28pm
Kuwait government resigns en masse in challenge for new emir
World

Kuwait government resigns en masse in challenge for new emir

  • Prime Minister Sheikh Sabah al-Khalid al-Sabah must submit the resignations to the OPEC member state’s ruler, Emir Sheikh Nawaf al-Ahmed al-Sabah, for approval.
  • The prime minister had been due to be questioned at a parliamentary session on Jan. 19.
Updated 12 Jan, 2021 08:26pm
Mexico to conclude Sputnik vaccine approval process quickly
USA

Mexico to conclude Sputnik vaccine approval process quickly

  • Mexico was considering acquiring 24 million doses of Sputnik V.
  • Separately, Lopez Obrador said his government would not be reserving information on Mexico's vaccine contracts despite officials previously saying they would be withheld for five years.
Published 12 Jan, 2021 08:15pm
Kuwait government resigns en masse in challenge for new emir
Middle East

Kuwait government resigns en masse in challenge for new emir

  • Prime Minister Sheikh Sabah al-Khalid al-Sabah must submit the resignations to the OPEC member state's ruler, Emir Sheikh Nawaf al-Ahmed al-Sabah, for approval.
  • CGC said the government submitted its resignation "in light of developments in the relationship between the National Assembly and the government", but did not elaborate.
Updated 12 Jan, 2021 08:15pm
Greece proposes joint EU vaccination certificate to ease travel
Europe

Greece proposes joint EU vaccination certificate to ease travel

  • Greece, which relies on tourism for a fifth of its economic output and is keen to revive travel before the summer season.
  • While we are not going to make vaccination compulsory or a prerequisite for travel, persons who have been vaccinated should be free to travel.
Published 12 Jan, 2021 07:25pm
Singapore Airlines staff offered COVID-19 vaccinations
South Asia

Singapore Airlines staff offered COVID-19 vaccinations

  • Those who are eligible for the vaccine include cabin crew, pilots, airport-based staff whose job requires them to interact with passengers, and selected engineering staff.
  • Singapore has only approved Pfizer-BioNTech's vaccine but has said it has secured enough doses for its 5.7 million population.
Published 12 Jan, 2021 07:18pm
Erdogan hopes new Turkey-Greece talks will herald new era
Europe

Erdogan hopes new Turkey-Greece talks will herald new era

  • NATO members Ankara and Athens announced on Monday they had agreed to resume on Jan. 25 long-suspended exploratory talks over disputed offshore rights in the Mediterranean.
  • We must stop the Mediterranean from being an area for competition and turn into waters that will serve our long-term interests.
Published 12 Jan, 2021 07:09pm
Pakistan team's performance reviews in PCB Cricket Committee meeting
Sports

Pakistan team's performance reviews in PCB Cricket Committee meeting

  • Committee to conduct another review of the men’s national cricket team after the conclusion of the home series against South Africa with no points for second place, says chair of the panel Saleem Yousuf.
  • Challenges of playing under Covid-19 protocols have not only been faced by the Pakistan men’s national team, but by all the sides presently involved in international cricket.
Published 12 Jan, 2021 05:28pm
Volkswagen brand 2020 sales drop but recovery seen in Dec
Companies

Volkswagen brand 2020 sales drop but recovery seen in Dec

  • Volkswagen said it had seen sales recovering in December compared to previous months, rising by 19.5% in western Europe and 14.7% in North America.
  • We are well on the way to achieving our goal of becoming the market leader in battery electric vehicles.
Published 12 Jan, 2021 05:34pm
Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track
USA

Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track

  • After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, US central bankers now like what they see.
  • We have a trillion (dollars) in excess savings. We have checks coming in the mailbox. There will be enough demand" from consumers to keep the recovery on track.
Published 12 Jan, 2021 05:22pm
Trump administration to deliver guidelines to speed up vaccinations
USA

Trump administration to deliver guidelines to speed up vaccinations

  • The drive to speed up the process will also include expanding venues where people can get vaccinated to community health centers and more pharmacies.
  • Nearly 9 million people in the United States had been given their first COVID-19 vaccination dose as of Monday.
Published 12 Jan, 2021 05:20pm
Malaysia declares emergency to curb virus, shoring up government
South Asia

Malaysia declares emergency to curb virus, shoring up government

  • Emergency declared until Aug. 1, or earlier if COVID-19 under control.
  • Daily COVID cases hits record high.
  • PM, cabinet get more powers during emergency.
  • PM suspends parliament; commits to elections when it is safe.
  • Opposition says PM using emergency to avoid govt collapse.
Published 12 Jan, 2021 05:11pm
LoC violations: Pakistan registers protest with Indian diplomat
Pakistan

LoC violations: Pakistan registers protest with Indian diplomat

  • Due to indiscriminate and unprovoked firing by the Indian occupation forces in Nezapir Sectors of the LoC on 11th January 2021, 10 year old Muhammad Zaheer s/o Muhammad Rafique, residents of Mohri village, sustained serious injuries, read the statement.
  • The spokesperson said that the Indian occupation forces along the LoC and the Working Boundary (WB) have been continuously targeting civilian populated areas with artillery fire, heavy-caliber mortars and automatic weapons.
Published 12 Jan, 2021 05:06pm
Merkel sees coronavirus lockdown until early April
Europe

Merkel sees coronavirus lockdown until early April

  • If we don't manage to stop this British virus, then we will have 10 times the number of cases by Easter.
  • Merkel said the coming eight to ten weeks would be very hard if the British variant spreads to Germany.
Published 12 Jan, 2021 04:49pm
Nigeria sees inflation at 11.95pc by end-2021 from 14.89pc last year
Africa

Nigeria sees inflation at 11.95pc by end-2021 from 14.89pc last year

  • She said inflation would still be above the government's single-digit target. Inflation has been in double digits for almost three years after climbing for the 15th straight month in November.
  • Inflation is expected to remain above the single-digit but we hope, working together with the monetary authorities.
Published 12 Jan, 2021 04:38pm
Google, Facebook and Microsoft among other corporate giants to suspend political spending
USA

Google, Facebook and Microsoft among other corporate giants to suspend political spending

  • In the aftermath of the violent attack on the Capitol Building last week, Facebook, Microsoft and Google have joined a growing list of corporations that are pausing their political spending.
  • As corporate responses have escalated, some companies have suspended donations to lawmakers who objected to the certification of the election, while many have halted all of their political donations for a few months.
Updated 12 Jan, 2021 04:34pm
Azerbaijan FM Jeyhun Bayramov to visit Pakistan tomorrow
Pakistan

Azerbaijan FM Jeyhun Bayramov to visit Pakistan tomorrow

  • This will be the first bilateral visit from Azerbaijan at Foreign Minister level since 2010.
  • At the start of the new year, the visit will provide an opportunity to explore ways and means to deepen bilateral cooperation in diverse fields, FO said.
Published 12 Jan, 2021 04:12pm
Uzair Baloch acquitted in another case
Pakistan

Uzair Baloch acquitted in another case

  • A case was registered against Baloch after Noshad was kidnapped and later killed in Kalri in 2013.
  • The court said that there was a lack of evidence to prove Baloch’s involvement in the case.
Published 12 Jan, 2021 03:53pm
Israelis smuggle drugs into Dubai for New Year's celebrations
World

Israelis smuggle drugs into Dubai for New Year's celebrations

  • Approximately 8,000 Israeli nationals travelled to Dubai to enjoy the new destination recently made available for Israelis and celebrate the Near Year
  • Israelis have turned deaf ears to authorities in Dubai which stressed that citizens and tourists who violate guidelines during the New Year's Eve celebrations will be heavily fined
Published 12 Jan, 2021 03:35pm
Pentagon presses ahead with Afghanistan troop drawdown despite law barring it
South Asia

Pentagon presses ahead with Afghanistan troop drawdown despite law barring it

  • The U.S. military has not halted a U.S. troop withdrawal from Afghanistan, despite a new law prohibiting further reductions without the Pentagon sending Congress an assessment of the risks.
  • The Pentagon’s action will likely anger Republican and Democratic lawmakers opposed to further troop cuts and renew concerns about the outgoing Trump administration’s disdain for Congress, even in its waning days.
Updated 12 Jan, 2021 02:33pm
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