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Archive - 2021-01-18
Pakistan approves Sinopharm COVID-19 vaccine for emergency use
Pakistan

Pakistan approves Sinopharm COVID-19 vaccine for emergency use

Drug Regulatory Authority of Pakistan approved use of the vaccine for emergency across Pakistan. The decision was taken in meetings held between January 14 and 18 after reviewing vaccine results data submitted by the National Institute of Health (NIH).
Updated 19 Jan, 2021 04:01pm
A happening start to 2021
BR Research

A happening start to 2021

Half-way through the first month of 2021, and it has been a rather happening start - from the events that unfolded ...
Updated 19 Jan, 2021 04:46am
Pro-gun demonstration set for Virginia capital in wake of Capitol siege
USA

Pro-gun demonstration set for Virginia capital in wake of Capitol siege

  • Gun rights activists will converge on the Virginia state capital on Monday for an annual demonstration that falls at an especially tense time this year, after the Jan. 6 siege of the U.S. Capitol and two days before the presidential inauguration.
  • Nationwide pro-Trump demonstrations scheduled for Sunday largely fizzled after the FBI issued warnings and several states deployed the National Guard.
Updated 18 Jan, 2021 08:14pm
Abu Dhabi market leads broader gains
Stocks

Abu Dhabi market leads broader gains

  • Abu Dhabi marks best session in over 9 months.
  • First Abu Dhabi Bank powers Abu Dhabi benchmark.
  • Saudi Telecom best performer on Saudi main index.
Published 18 Jan, 2021 07:14pm
China's corn, wheat imports in 2020 reach record highs
Commodities

China's corn, wheat imports in 2020 reach record highs

  • Corn imports in 2020 were more than double the previous year's volume and exceeded their annual quota, which was set at 7.2 million tonnes.
  • China also imported a record 8.38 million tonnes of wheat, against a quota of 9.64 million tonnes.
Published 18 Jan, 2021 07:07pm
Bank of Israel seeks to prevent 'over-appreciation' of shekel
Money & Banking

Bank of Israel seeks to prevent 'over-appreciation' of shekel

  • The central bank said on Thursday it planned to buy $30 billion of foreign currency in 2021 - up from $21 billion in 2020.
  • We are trying to prevent an over-appreciation of the currency (shekel) in the short term that will make it difficult for companies when the exchange rate comes back
Published 18 Jan, 2021 07:05pm
Brazil economy activity up in Nov, but slowest rise in 7 months
USA

Brazil economy activity up in Nov, but slowest rise in 7 months

  • This suggests the solid recovery from the worst of the COVID-19 shock earlier last year continued to slow going into the fourth quarter.
  • Compared with November 2019, activity was down 0.83%, and on an accumulated 12-month basis down 4.15%.
Published 18 Jan, 2021 07:01pm
Germany says its new COVID-19 infections are much too high
Europe

Germany says its new COVID-19 infections are much too high

  • Concern about new variants of the virus are the reason Chancellor Angela Merkel and state leaders have brought forward a planned meeting to Tuesday.
  • We still have a big risk ... that is the risk of mutation," Seibert told a regular news conference.
Published 18 Jan, 2021 06:58pm
South Africa to get 9 million J&J vaccine shots
Africa

South Africa to get 9 million J&J vaccine shots

  • The country has recorded more than 1.3 million infections and more than 37,000 deaths related to the virus, the most in Africa.
  • The J&J doses take the total number of doses that South Africa stands to receive to more than 30 million.
Published 18 Jan, 2021 06:56pm
Imran Khan forms committee over Broadsheet saga
Pakistan

Imran Khan forms committee over Broadsheet saga

  • The committee would include Fawad Chaudhry, Shireen Mazari, Babar Awan and Shehzad Akbar.
  • PM Imran said that the matter should be put before the masses in detail and all facts in the case before the London court should be made public.
Published 18 Jan, 2021 06:46pm
Czech banks likely to renew dividends in 2021
Money & Banking

Czech banks likely to renew dividends in 2021

  • The central bank would make decisions on an individual basis and banks could not be expected to pay 100% of profits from 2019 and 2020.
  • He added that talks with banks would be held after audited results from 2020.
Published 18 Jan, 2021 06:45pm
Lufthansa reaches deal with Eurowings on jobs
Industry

Lufthansa reaches deal with Eurowings on jobs

  • Some 2,000 ground staff and cabin crew at Eurowings will have their jobs secured until March 31, 2022.
  • The trade union is also in talks about the possibility of Eurowings recruiting employees who lost their jobs at Lufthansa.
Published 18 Jan, 2021 06:32pm
Petition moved in LHC against PDM’s sit-in outside ECP
Pakistan

Petition moved in LHC against PDM’s sit-in outside ECP

  • The applicant stated that the institution works as per law and the protest of opposition outside the commission is a bid to interfere in its working.
  • 11-party opposition alliance has announced to stage a sit-in outside the ECP’s office tomorrow (Tuesday).
Updated 18 Jan, 2021 06:35pm
Turkey postpones tender to buy 400,000 tonnes wheat
Commodities

Turkey postpones tender to buy 400,000 tonnes wheat

  • The was originally due to close on Tuesday, Jan. 19, but will now close on Friday, Jan. 22, they said.
  • The reason was believed to be bad weather with snow in Turkey disrupting transport of participants to the tender meeting
Published 18 Jan, 2021 06:29pm
France can vaccinate 2.4mn people by end of February
Europe

France can vaccinate 2.4mn people by end of February

  • During a visit to a vaccination centre in the eastern city of Grenoble, Veran told reporters that France had now set up about 800 such centres.
  • With the acceleration of the vaccination campaign in retirement homes, we will comfortably reach our goal of 1 million French people vaccinated by the end of this month.
Published 18 Jan, 2021 06:08pm
Thai private hospitals reserve COVID-19 vaccines ahead of approval
South Asia

Thai private hospitals reserve COVID-19 vaccines ahead of approval

  • We ordered one million doses of the Sinovac vaccine with an option to buy nine million more," Boon Vanasin.
  • "We can't just wait for the government," Boon said, adding that it was not clear how many doses from the government's vaccine stockpile would reach private hospital workers.
Published 18 Jan, 2021 06:00pm
Use your licence or lose it, UK financial watchdog tells firms
Financial

Use your licence or lose it, UK financial watchdog tells firms

  • The FCA said that to reduce the risk of harm, it was asking financial investment firms to either use their licences once granted, or risk losing them.
  • This is why we're today calling on firms to review their permissions and ensure they reflect current business models.
Published 18 Jan, 2021 05:51pm
Anti-govt protests: PDM announces new round of rallies across Pakistan
Pakistan

Anti-govt protests: PDM announces new round of rallies across Pakistan

  • Rehman says the PDM has decided to hold a 'Million March' in Karachi on January 21 and Kashmir rally in Rawalpindi's Liaqat Bagh on February 5
  • The PDM leadership will enthusiastically stage a protest demonstration in front of the Election Commission regarding the foreign funding case: Rehman
Published 18 Jan, 2021 05:30pm
UK shopper numbers down 10.9pc last week as lockdowns bite
Europe

UK shopper numbers down 10.9pc last week as lockdowns bite

  • On Jan. 4, British Prime Minister Boris Johnson ordered England into a new national lockdown to contain a surge in COVID-19 cases that threatens to overwhelm parts of the health system.
  • Springboard said footfall was down 14.6% in shopping centres, 11.5% lower in high streets and down 5.8% in retail parks.
Published 18 Jan, 2021 05:07pm
Neville steps down as England women's team manager
Sports

Neville steps down as England women's team manager

  • Former Manchester United and England defender Neville, 43, has been talking to David Beckham's Inter Miami and is expected to become their next manager.
  • The FA said in a statement it would appoint an interim head coach to lead the Lionesses until Sarina Wiegman.
Published 18 Jan, 2021 05:01pm
FIFA rejects Atletico appeal on Trippier ban
Sports

FIFA rejects Atletico appeal on Trippier ban

  • FIFA then placed an embargo on the ban on Jan. 2 following an appeal by Atletico.
  • Trippier missed two La Liga games due to the ban but returned and provided an assist in last Tuesday's 2-0 win over Sevilla which kept Atletico top of La Liga.
Published 18 Jan, 2021 04:57pm
NED student arrested in Karachi for financing Daesh
Pakistan

NED student arrested in Karachi for financing Daesh

  • The student, identified as Muhammad Umar Bin Khalid, was arrested in an intelligence-based operation conducted by Counter-Terrorism Department CTD) near the Cantt Station.
  • Khalid reportedly collected money from people in Pakistan and sent it abroad to the terrorist group.
Updated 18 Jan, 2021 04:56pm
Dollar at 1-month highs as markets eye Biden's FX policy; euro slips
Forex

Dollar at 1-month highs as markets eye Biden's FX policy; euro slips

  • With US markets shut for a holiday on Monday and Joe Biden set to be inaugurated as the next US president on Wednesday.
  • "I would expect differences in fiscal stimulus to be a driving force for relative performance of currencies this year as it is directly linked to the economic recovery story.
Published 18 Jan, 2021 04:48pm
Russian wheat export prices jump ahead of tax launch
Commodities

Russian wheat export prices jump ahead of tax launch

  • Moscow is trying to curb domestic food inflation triggered by the COVID-19 crisis by introducing a range of grain export taxes.
  • Russian wheat with 12.5% protein loading from Black Sea ports for supply before mid-February was at $298 a tonne free on board (FOB) at the end of last week.
Published 18 Jan, 2021 04:46pm
Traffic plan issued amid PDM’s protest outside ECP in Islamabad
Pakistan

Traffic plan issued amid PDM’s protest outside ECP in Islamabad

  • The vehicles would be allowed to be parked at the Convention Centre, while the commuters coming from the GT Road and Motorway would be diverted to the Sringar Highway.
  • 11-party opposition alliance has announced to stage a protest outside the commission tomorrow.
Published 18 Jan, 2021 04:30pm
Will exhaust all means to protect pandemic-hit medical system: Japan PM Suga
Asia

Will exhaust all means to protect pandemic-hit medical system: Japan PM Suga

  • Japanese Prime Minister Yoshihide Suga said on Monday his government will take all possible measures to protect the country’s medical system, as hospitals creak under the strain of the COVID-19 pandemic.
  • Suga this month issued a state of emergency for Tokyo and three surrounding prefectures in a bid to stem a resurgence of infections.
Published 18 Jan, 2021 04:10pm
Govt has decided to make Broadsheet documents public on PM's orders, says Akbar
Pakistan

Govt has decided to make Broadsheet documents public on PM's orders, says Akbar

  • Adviser says the prime minister has formed a ministerial committee on Broadsheet and directed them to furnish its recommendations within 48 hours
  • Former PM Nawaz Sharif went abroad in 2000 after making a deal with erstwhile president General (retd) Pervez Musharraf. Pakistan suffered the consequences of this NRO in the form of fine: Adviser
Published 18 Jan, 2021 03:38pm
Another cold wave likely to hit Karachi in last week of January: report
Pakistan

Another cold wave likely to hit Karachi in last week of January: report

  • The Pakistan Meteorological Department has predicted cold and dry weather in the city as minimum temperature recorded at 10.0 ºCelsius.
  • Minimum temperature was recorded -14 Celsius in Skardu, -12 at Gopis, Astore and Leh, -08 at Anantnag, -07 at Bagrote, -06 in Gilgit, Hunza and Srinagar, -05 in Shopian, Parachinar and Ziarat.
Published 18 Jan, 2021 01:44pm
Monthly Passenger Car Sales Drop by 6pc in December 2020
Industry

Monthly Passenger Car Sales Drop by 6pc in December 2020

  • The sale and production of passenger cars in Pakistan has dropped in December 2020, according to the Pakistan Automotive Manufacturers Association (PAMA).
  • 1300 cc and Above contributed the most to this drop in passenger car sales.
Published 18 Jan, 2021 01:19pm
FBI screens troops ahead of US inauguration
USA

FBI screens troops ahead of US inauguration

  • Following the January 6 riots at the Capitol building in support of outgoing President Donald Trump, it emerged that some of those involved had current or former ties to the military.
Published 18 Jan, 2021 12:35pm
'It was a non-event': Pro-Trump protests quiet amid massive police presence across U.S.
USA

'It was a non-event': Pro-Trump protests quiet amid massive police presence across U.S.

  • Law enforcement officers far outnumbered protesters at state capitol grounds on Sunday, as few Trump supporters who believe the president’s false claim that he won the 2020 election turned out.
  • Some militias and extremist groups told followers to stay home, citing the increased security or the risk that the planned events were law-enforcement traps.
Published 18 Jan, 2021 12:26pm
Tokyo stocks close lower
Stocks

Tokyo stocks close lower

  • Suga pledged Monday to tackle surging coronavirus cases and restore normal life "as soon as possible".
Published 18 Jan, 2021 12:17pm
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