News Archives for Latest - 2021-02-17

Pakistan

Govt may lift Covid-19 restrictions from March 1

The huddle discussed the overall political, economical and COVID situation of the country.
The federal cabinet meeting also briefed the prime minister about the downward trend of the infection in Pakistan.

Updated 17 Feb, 2021 09:30pm

Forex

Canadian dollar weakens as higher bond yields boost greenback

Canadian dollar falls 0.3% against greenback.
Canada's annual inflation rate in January rises to 1.0%.
Price of US oil falls 0.3%.
Canada's 10-year yield eases 2 basis points to 1.106%.

Published 17 Feb, 2021 09:27pm

Stocks

Nasdaq falls as big tech slides; Fed minutes in focus

US retail sales rebound strongly in January.
Verizon, Chevron jump as Buffett's Berkshire reveals big stakes.
Hilton falls on third straight quarterly loss.
Indexes down: Dow 0.06%, S&P 0.28%, Nasdaq 0.60%.

Published 17 Feb, 2021 09:22pm

Energy

US natgas ease on forecasts for reprieve from cold snap

Front-month gas futures fell 1.8 cents, or 0.6%, to $3.111 per million British thermal units.
"Storage is going to get drawn down significantly over the next two weeks."

Published 17 Feb, 2021 09:21pm

Stocks

TSX falls as Shopify hints revenue growth slowdown

Toronto Stock Exchange's S&P/TSX composite index was down 158.25 points, or 0.86%, at 18,334.47.
The energy sector was unchanged as US crude prices were down 0.2% a barrel, while Brent crude added 0.3%.

Published 17 Feb, 2021 09:20pm

Money & Banking

Societe Generale says expects Turkey interest rate cut in Q3

In its latest report, the bank also said it anticipated that the Turkish lira will reach 6.2 against the dollar by the end of the year. It currently stands at 6.9945.

Published 17 Feb, 2021 09:18pm

Forex

Sterling climbs to 10-month high vs euro, slips against dollar

Rises to 10-month high vs euro, last up 0.2%.
Slips 0.4% vs dollar.

Published 17 Feb, 2021 09:09pm

Forex

South Africa's rand retreats as global risk demand declines

After having made considerable gains over the course of the month thus far, a combination of factors saw the rand retreat.
Both as it failed to make any headway beyond the support at 14.40 and on talk by an international bank suggesting that any long rand positions be squared out to its clients.

Published 17 Feb, 2021 09:14pm

Commodities

Gold falls to over 2-month low on rising yields, dollar

US gold futures fell 1.3% to $1,776.40.
Growing optimism for a $1.9 trillion US stimulus plan and rising inflation expectations supported benchmark Treasury yields, which in turn pushed the dollar to a more than one-week peak.

Published 17 Feb, 2021 09:11pm

Forex

MicroStrategy prices upsized $900mn debt sale to buy more bitcoin

The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, said proceeds of the offering will be about $879.3 million.
MicroStrategy said on Tuesday it will borrow $600 million to buy more bitcoin, as the cryptocurrency surged past $50,000 in a rally fueled by wider acceptance among investors.

Published 17 Feb, 2021 09:06pm

USA

Brazil's 2021 interest rate outlook rises to 3.75pc, survey shows

The average forecast of the benchmark Selic rate at the end of this year rose to 3.75% from 3.50%, while the end-2022 forecast remained steady at 5.00%.
Economists at Barclays reckon the central bank will raise rates at its next policy meeting in March.

Published 17 Feb, 2021 09:04pm

Europe

COVID response drives $24 trillion surge in global debt: IIF

It has meant that debt as a ratio of world economic output known as gross domestic product surged by 35 percentage points to over 355% of GDP.
That upswing is well beyond the rise seen during the global financial crisis, when 2008 and 2009 saw 10 percentage points and 15 percentage points respective debt-to-GDP jumps.

Published 17 Feb, 2021 09:00pm

Forex

Bitcoin hits highs even as analysts warn on 'mainstream moment'

Bitcoin hits record $51,721.
Prices unsustainable without lower volatility –JPMorgan.
Not a "mainstream moment" –UBS.

Published 17 Feb, 2021 08:56pm

USA

US retail sales rebound strongly in January amid additional stimulus

Retail sales surged by a seasonally adjusted 5.3% last month, the Commerce Department said on Wednesday.
Further gains in sales are expected in the months ahead. The US Congress is considering President Joe Biden's $1.9 trillion recovery plan, which will include an additional $1,400 checks to households.

Published 17 Feb, 2021 08:56pm

Europe

Spain to give AstraZeneca vaccine to those aged 45 to 55 in next phase

Those shots will then be given to those over 70 and over 60, the ministry said, while people under 60 with a high risk of serious COVID-19 infection will be next in line.
Overall the country has administered 2.6 million doses and 1.1 million people have received a full course.

Published 17 Feb, 2021 08:50pm

Companies

Walmart investors eye push into advertising, healthcare following pandemic boom

They are thinking broader picture about their customers, so it's not so much each transaction, but how do we think more holistically.
Walmart is starting to merge other parts of its business with its main retail and e-commerce business, he added.

Published 17 Feb, 2021 08:48pm

Energy

Saudi crude exports hit eight-month peak in December 2020

Exports rose to 6.495 million barrels per day (bpd), highest since April 2020, from November's 6.35 million bpd.
Saudi domestic crude refinery throughput fell by 0.4% to 2.33 million bpd, while direct crude burn dropped by 53,000 bpd to 267,000 bpd.

Published 17 Feb, 2021 08:46pm

Companies

Vestas to cut 450 US jobs on lower short-term demand

With a larger fleet under service and lower demand in the near-term, we are therefore consolidating our setup in Colorado.
This month CEO Henrik Andersen told Reuters he "could not be more excited about the outlook" in the United States.

Published 17 Feb, 2021 08:44pm

Commodities

Palm gains over 2pc on costlier US soyoil, weaker ringgit

The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange rose 99 ringgit, or 2.8%, to 3,634 ringgit ($900.17) a tonne.
CBOT soyoil rose for a third straight session on Wednesday as extremely cold weather in key US growing areas raised worries about global supplies.

Published 17 Feb, 2021 08:44pm

Sports

Spurs defender Reguilon out for Europa League trip, says Mourinho

Spurs are scheduled to host Wolfsberger on Feb. 24, three days after their Premier League game away to West Ham United.
"No good news. He (Reguilon) is not coming (to Budapest)," Mourinho told reporters. "No setback, just the process is not going as fast as we initially thought.

Published 17 Feb, 2021 08:39pm

Energy

India urges OPEC+ to ease output cuts to rein in oil prices

The price-sensitive Indian consumers are affected by rising petroleum product prices.
Besides hitting fuel demand, higher oil prices could potentially hinder economic growth in developing countries including India, he said.

Published 17 Feb, 2021 08:37pm

Companies

Bharti Airtel to buy 20pc stake in its DTH arm from Warburg Pincus

it will issue about 36.5 million shares to a Warburg Pincus affiliate at 600 rupees per share, and up to 10.38 billion rupees in cash.
DTH is an integral part of our Homes strategy and this transaction is another step towards simplifying the shareholding of our customer facing businesses.

Published 17 Feb, 2021 08:35pm

Commodities

Philippines said to pass in 145,000 tonne wheat tender

Prices were regarded as too high. Price offers were said to be over $300 a tonne c&f.
The group had sought 75,000 tonnes of feed wheat in two consignments for delivery between April and June plus another 70,000 tonnes of milling wheat in two consignments for delivery in June.

Published 17 Feb, 2021 08:22pm

USA

US producer prices post biggest gain since 2009

A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.

Published 17 Feb, 2021 08:18pm

USA

US producer prices post biggest gain since 2009

A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.

Published 17 Feb, 2021 08:18pm

South Asia

Myanmar coup protesters mass to reject army claim of support

Hundreds of thousands gather across the country.
Motorists respond to a "broken-down car campaign".
Army promises election but no timeframe given.

Published 17 Feb, 2021 08:21pm

Commodities

Wheat down 5-10 cents, corn down 2-4 cents, soy down 4-6 cents

Wheat futures retreating from 2-1/2-week highs as traders await crop damage assessments from a cold weather snap in US Plains.
Most-active CBOT March soft red winter wheat dropped below its 10-day and 20-day moving averages during overnight trading.

Published 17 Feb, 2021 08:13pm

Europe

IAEA says chief to visit Iran on Saturday before Iran reduces cooperation

Director General Rafael Mariano Grossi will visit Tehran on Saturday for discussions with senior Iranian officials in order to find a mutually agreeable solution for the IAEA to continue essential verification activities in the country.

Published 17 Feb, 2021 08:12pm

Companies

UAE regulator lifts safety ban on Boeing 737 MAX jet

The plane was grounded globally in March 2019 after two fatal crashes in five months killed 346 people. Emirati carrier flydubai is a major buyer of the jet.
The United States lifted its ban in November, and the European Union Aviation Safety Agency (EASA) lifted its ban last month.

Published 17 Feb, 2021 08:10pm

Europe

Spain in talks with Gulf sovereign funds on investing in EU recovery projects

They are very interested in projects of decarbonisation, digitalisation and modernisation of our productive structure at a time when Spain is entering this process of transforming its economy.
The Gulf sovereign funds are "good connoisseurs of Spain and good investors," Gonzalez Laya added.

Published 17 Feb, 2021 08:01pm

Europe

Spain in talks with Gulf sovereign funds on investing in EU recovery projects

They are very interested in projects of decarbonisation, digitalisation and modernisation of our productive structure at a time when Spain is entering this process of transforming its economy.
The Gulf sovereign funds are "good connoisseurs of Spain and good investors," Gonzalez Laya added.

Published 17 Feb, 2021 08:01pm

Europe

Germany warns against swift withdrawal from Afghanistan

The Afghan government and Taliban militants began peace talks in Doha last September, but negotiations have largely stalled.
This (lack of progress in peace talks) means we will have to prepare for a changing security situation and a rising threat to both international troops and our own soldiers.

Published 17 Feb, 2021 07:55pm

Europe

Britain's Prince Philip does not have COVID, royal source says

Queen Elizabeth's husband, Prince Philip, was admitted to hospital on Tuesday, walking in unaided, after feeling unwell for a short period. The Queen remains at Windsor Castle in England.

Published 17 Feb, 2021 07:57pm

Europe

EU buys up to 300 million more Moderna jabs

The bloc's 27 members face a vaccine supply crunch in the near term because of a drastic shortfall in doses from AstraZeneca.

Updated 17 Feb, 2021 07:58pm

Europe

Queen Elizabeth's husband, Philip, admitted to hospital

The Duke's admission is a precautionary measure, on the advice of His Royal Highness's Doctor, after feeling unwell. The Duke is expected to remain in hospital for a few days of observation and rest.

Published 17 Feb, 2021 07:57pm

Sports

Nadal not blaming quarantine after Australian Open shock

The 34-year-old was playing his first tournament of the year after back tightness, following a stint in Australian quarantine, kept him out of the ATP Cup team competition.

Updated 17 Feb, 2021 07:57pm

Energy

Saudi Arabia set to raise oil output amid recovery in prices: WSJ

Saudi Arabia is expected to announce its plans when a coalition of oil producers meets next month, according to the WSJ report, adding that the output rise won't kick in until April.

Published 17 Feb, 2021 07:49pm

Forex

Mexican peso drops 1pc as rally in dollar, US bond yields weigh

The peso weakened 1%, with markets also keeping an eye on manufacturing hit by a deep freeze in Texas.
The dimension of the effects at the national level can be significant for the industry, as it comes at a time when the (Mexican) economy is just starting to recover.

Published 17 Feb, 2021 07:47pm

Stocks

Wall Street opens lower with Fed minutes in focus

The Dow Jones Industrial Average fell 37.1 points, or 0.12%, at the open to 31485.61.
The S&P 500 fell 14.1 points, or 0.36%, at the open to 3918.5.

Published 17 Feb, 2021 07:45pm

Forex

Russian rouble and stocks fall, shrugging off higher oil prices

Rouble was 0.6% weaker against the dollar at 74.11, moving away from the 73.1250 level touched on Monday, its strongest since Jan. 14.
Locko Invest analysts expect the rouble to stay within a range of 73-74 against the greenback in the near term.

Published 17 Feb, 2021 07:43pm

Forex

Russian rouble and stocks fall, shrugging off higher oil prices

Rouble was 0.6% weaker against the dollar at 74.11, moving away from the 73.1250 level touched on Monday, its strongest since Jan. 14.
Locko Invest analysts expect the rouble to stay within a range of 73-74 against the greenback in the near term.

Published 17 Feb, 2021 07:43pm

Technology

News Corp signs news partnership deal with Google

As part of the agreement, the companies will develop a subscription platform and will share advertising revenue through Google's ad technology services.
The deal includes the development of audio journalism and "meaningful investments in innovative video journalism by YouTube."

Published 17 Feb, 2021 07:34pm

Industry

India approves $1.68bn plan to boost local telecoms gear production

The scheme will offer gearmakers annual cash incentives of between 4% and 7% on any increase in sales of locally-made equipment over the next five years, compared with 2019-20 levels.
I would appeal to all telecoms' equipment manufacturers, come on India is waiting for you with this scheme, we'll give you all the help.

Published 17 Feb, 2021 07:39pm

Stocks

Sri Lankan shares end higher as industrial, material stocks gain

The benchmark stock index ended 0.10% higher at 7,588.34, having slumped as much as 2.57% earlier. The index has shed 5.1% over the last two sessions.
Trading volume on the CSE All Share Index fell to 113.7 million, from 117.4 million in the previous session.

Published 17 Feb, 2021 07:26pm

Pakistan

Poisonous gas inside coalmine kills four labourers in Balochistan

The gas spread inside the mine, suffocating the four miners to death, while two others got stuck in the mine, said Levies officials.
The deceased miners were busy working inside the coalmine when the poisonous gas spread suddenly and filled the place.

Updated 17 Feb, 2021 07:36pm

Middle East

Gaza gets its first COVID-19 vaccine shipment, officials say

Russian vaccine shipped via Israel from West Bank.
Chronically ill Palestinians to get first doses.
Initial shipment enough to vaccinate 1,000 people.

Published 17 Feb, 2021 07:20pm

Pakistan

'Forestation a lifesaver' for Pakistan's future generations: PM

He called upon the youth to ‘take reigns of their future in own hands’ and actively participate in the government’s plantation drive.

Published 17 Feb, 2021 07:31pm

Pakistan

Pakistan welcomes other countries' participation in CPEC flagship project: Ambassador Haque

Haque said that this year marks 70 years of establishment of bilateral relationship between Pakistan and China, a very important milestone for our two countries.

Published 17 Feb, 2021 07:24pm

Pakistan

Staff-level accord with IMF to spur economic growth: Hafeez Shaikh

Hafeez Shaikh said it was democratic right of every individual and party to hold their opinion and take part in elections.

Published 17 Feb, 2021 07:24pm

Companies

Toshiba says no evidence it pressured Harvard over AGM vote

The Japanese conglomerate also said it had concluded there was no need to launch a third-party committee, demanded by its top shareholder Effissimo Capital Management, to investigate if the firm's AGM in July was conducted fairly.
On Wednesday, Toshiba said it opposed both proposals and advised other shareholders to vote against them.

Published 17 Feb, 2021 07:18pm

Pakistan

Country's economy on fast-track, tax net increasing: Dr Waqar Masood

He mentioned that in the month of January almost 13% increase in tax collections was witnessed, adding that the fruits of improvement in the economy would reach the common man soon.

Published 17 Feb, 2021 07:21pm

Pakistan

President Alvi for digitalization of rare manuscripts at Quaid e Azam Academy

The books and research work, encompassing almost every feature of Quaid e Azam's life, were said to be also separately focused on Pakistan Movement, Muslim League and associates of Quaid e Azam.

Published 17 Feb, 2021 07:17pm

Pakistan

ECP starts scrutiny of Senate candidates’ nomination papers

ECP has prepared a code of conduct for candidates, voters and election agents to ensure that elections are held in a transparent manner.

Published 17 Feb, 2021 07:13pm

Financial

Reflation bets push German yield curve to steepest since March

German 2s/10s yield curve rises to steepest since March.
Italian risk premium rises from 2015 lows.
Germany auctions 30-year bond with positive yield.

Published 17 Feb, 2021 07:14pm

Companies

Ryanair loses legal fight against French, Swedish airline state aid

Ryanair loses case against aid for Air France, SAS.
Court says aid not discriminatory amid pandemic.
Ryanair says will appeal.

Published 17 Feb, 2021 07:12pm

Africa

Senegal expects first delivery of China's Sinopharm vaccine

Like other African countries that have struggled to procure vaccines, Senegal is still waiting for disbursements through African Union and World Health Organization-backed (WHO) programmes.
It was not clear how many doses would be in the first shipment or when vaccinations might start.

Published 17 Feb, 2021 07:08pm

Pakistan

Strategy for Senate election prepared, consensus with BAP reached : Kamran Bagash

BAP Parliamentary leader said PTI candidates would be supported during Senate elections whereas PTI has assured to support its candidate Taj Muhammad Afridi.

Published 17 Feb, 2021 07:11pm

Pakistan

Coronaviris claims 30 more lives in Punjab

The Punjab health department conducted 3,135,083 tests for the COVID-19 so far while 152,869 confirmed cases had been recovered.

Published 17 Feb, 2021 07:10pm

Pakistan

Some previous court decisions hinder technological progress in country: Fawad

The minister said Pakistan's relations with digital companies had been deteriorated due to some court decisions in the year 2014.

Published 17 Feb, 2021 07:09pm

Industry

Pinault says Kering is looking at M&A options but focus is on organic growth

It's a group that we know well, it's one of our partners that gave us a licence for their eyewear so we are in regular contact. But it's a group that is controlled by a family, as is Kering, and there is nothing else on this matter."

Published 17 Feb, 2021 07:06pm

Pakistan

Rupee gains 29 paisas against US dollar

Buying and selling rates of dollar were recorded at Rs159 and Rs159.8 respectively.

Published 17 Feb, 2021 07:07pm

Pakistan

Nine candidates contesting NA-75 by-polls

The seat was vacated after the death of PML-N's MNA Sahibazada Syed Iftikhar-ul-Hassan Shah after protracted illness on August 2, 2020.

Published 17 Feb, 2021 07:06pm

Financial

Investment firm Ardian says it is not working on rival bid for Suez

"We are not working today on a counter-takeover project," Dominique Senequier said, adding that it would be important to name a mediator in the Veolia and Suez situation.

Published 17 Feb, 2021 07:04pm

Pakistan

Brave Kashmiris exposed Indian plan through shutdown in protest: Shehryar Afridi

He said that Pakistan would not let Modi regime repeat what happened in history to usurp rights of Muslims.

Published 17 Feb, 2021 07:05pm

Pakistan

First meeting of Council on Rights of Persons with Disability held

The Council has been constituted under the ICT Rights of Persons with Disability Act 2020, which was promulgated in September 2020.

Published 17 Feb, 2021 07:02pm

Companies

Kuwait plans to shorten oil supply deals for some Asian buyers

Kuwait plans to sign only nine-month supply contracts.
Aims to start Al-Zour refinery this year or by early 2022.
Will assess domestic demand before commits to 2022 Q1 supplies.

Published 17 Feb, 2021 07:02pm

Pakistan

FM discuss with Egyptian President Pakistan's shift to geo-economics

The Egyptian President expressed hope that the visit of Foreign Minister Qureshi would pave the way for enhanced bilateral ties and dynamic multilateral cooperation.

Published 17 Feb, 2021 07:01pm

Europe

Italy's new PM Draghi promises sweeping reforms, urges national unity

Tells Senate his priority is fighting pandemic.
Vows sweeping tax, judicial, administrative reforms.
Draghi faces mandatory confidence vote in Senate.

Published 17 Feb, 2021 06:59pm

Pakistan

PTI to secure major chunk in upcoming Senate elections: Raoof Hasan

He said for that purpose, the government had tabled a constitutional amendment in the National Assembly for open ballot in the Senate elections.

Published 17 Feb, 2021 07:00pm

South Asia

India's COVID-19 'human barricade' to keep cases under control

"By the end of March, we should see a very slow, steady decline (in cases)," she added.
Total deaths so far in India are just under 156,000, the world's fourth highest number of fatalities.

Published 17 Feb, 2021 06:57pm

Pakistan

HEC signs ETA with Microsoft to accelerate digital transformation

The agreement was signed between the HEC, Chairman Dr Tariq Banuri and Mark East, Vice President Education, Microsoft, Europe Middle East Africa and other key executives from both sides.

Published 17 Feb, 2021 06:58pm

Pakistan

Tractor production grew by 39.39pc in first half of FY 2020-21

During the period from July-December, 2020-21, about 23,237 tractors were locally assembled as compared the assembling of 16,671 tractors of the same period of last year.

Published 17 Feb, 2021 06:57pm

Europe

UK PM Johnson concerned about Dubai's Sheikha Latifa, says will keep an eye on the case

That's something obviously that we are concerned about but the UN Commission on Human Rights is looking at that. I think what we'll do is wait and see how they get on. We'll keep an eye on that.

Published 17 Feb, 2021 06:53pm

Pakistan

Three references against Zardari adjourned without proceeding

The court adjourned hearing on mega money laundering and Park Lane references till March 5, while the hearing on pink residency reference was postponed till March 4, due to lawyers' strike.

Published 17 Feb, 2021 06:56pm

Pakistan

ECP completes scrutiny of nomination papers of several candidates

On women seats, the scrutiny of nomination papers of nine candidates including Tasleem Begum, Saima Khalid Hameeda Shahid and Asmat Ara Khattak were completed besides all candidates for reserved minority seat.

Published 17 Feb, 2021 06:55pm

Pakistan

IHC orders to provide electricity, gas connections in eight villages

After listening arguments, the court ordered the departments to provide connections in the villages.

Published 17 Feb, 2021 06:53pm

South Asia

Uzbekistan certifies Russia's Sputnik V vaccine for domestic use

The Central Asian nation said earlier on Wednesday that it planned to purchase 1 million doses of the Russian-developed vaccine.

Published 17 Feb, 2021 06:51pm

Pakistan

Bilawal felicitates candidates, party workers on winning by-polls in Sindh

He said that party would make a history of success under the dynamic leadership of Bilawal Bhutto.

Published 17 Feb, 2021 06:52pm

Pakistan

Rental power reference adjourned till March 4

AC-III Judge Syed Asghar Ali adjourned hearing on cases without proceeding due to the lawyers' strike.

Published 17 Feb, 2021 06:50pm

South Asia

Iran's Khamenei demands 'action, not words' from Biden to revive nuclear deal

We have heard many nice words and promises which in practice have been broken and opposite actions have been taken. Words and promises are no good.
This time (we want) only action from the other side, and we will also act.

Published 17 Feb, 2021 06:48pm

Pakistan

Uzair Baloch acquitted in three more cases

The cases pertained to attack on police using explosive material.
He has been accused of committing 198 murders during the Lyari gang war.

Published 17 Feb, 2021 06:51pm

Pakistan

DDAC Chairman calls on KP CM

He said that all the promises made to public would be fulfilled keeping in view their aspirations.

Published 17 Feb, 2021 06:48pm

Europe

Dutch government races for plan B to uphold nighttime coronavirus curfew

Tuesday's court ruling found the government's current justifications lacked sufficient legal basis, sending authorities scrambling to draft a bill and enact it swiftly into law.
The measure sparked several days of rioting by anti-lockdown protesters when it was introduced on Jan. 23, and has been heavily criticised by Rutte's opponents in parliament in the run up to the March 17 elections.

Published 17 Feb, 2021 06:46pm

Pakistan

FBR urged for withdrawing of notices under Section-182

This approach would be counterproductive as it would discourage the new taxpayers from coming into the tax net and thwart government’s efforts for improving the tax revenue of the country.

Published 17 Feb, 2021 06:46pm

Pakistan

IHC adjourns hearing on Zardari's petition against NAB references

The last hearing of the case was January 27, he said.

Published 17 Feb, 2021 06:45pm

South Asia

India committed to bring natural gas under GST, says PM Modi

He said India was spending 7.5 trillion rupees ($103.05 billion) over 5 years to build its oil and gas infrastructure.

Published 17 Feb, 2021 06:44pm

Pakistan

IHC suspends FDE's order for teachers' repatriation

The court adjourned hearing of the case till March 9.

Published 17 Feb, 2021 06:44pm

Companies

Pfizer's COVID-19 vaccine supply to the EU 30pc below plans

EU still short of about 10 mln Pfizer vaccines – sources.
Shortfall concerns deliveries due to the bloc in December.
EU has allowed the export of millions of Pfizer doses.

Published 17 Feb, 2021 06:42pm

Pakistan

Railways finalizes over 50 inquiries of train accidents

As many 14 inquiry reports were under process and would be finalized in due course of time and submitted to the quarters concerned.

Published 17 Feb, 2021 06:43pm

Pakistan

Pak, Thailand agree to enhance cultural cooperation, exchange program

Both sides agreed on enhancing their cultural ties through exhibitions, cultural and arts performances, dance, film, Radio and TV programmes.

Published 17 Feb, 2021 06:42pm

Commodities

Copper slips on profit-taking, but holds near 9-year peak

Copper inventories are low generally. Normally in China there would have been a build-up before the New Year holiday, but that didn't happen.
"The reflation narrative has taken hold and that could be reinforced by a decision in the United States to press ahead with large stimulus."

Published 17 Feb, 2021 06:40pm

Pakistan

Pakistan approves liberal e-Visa policy to welcome tourists, business fraternity: Dr Moeed

Moeed said that by instituting one of the most liberal visa policies in our extended region, we are demonstrating that Pakistan is open to the world.

Published 17 Feb, 2021 06:41pm

Pakistan

Sanjrani summons Senate session on Feb 20

The chairman summoned the session in exercise of the powers conferred by clause (3) of Article 54, read with Article 61 of the Constitution.

Published 17 Feb, 2021 06:40pm

Europe

France to discuss Iran with Germany, UK and US counterparts this week

The planned meeting on Thursday comes after Iran's Supreme Leader Ayatollah Ali Khamenei demanded "action, not words" from the United States if it wants to revive Tehran's 2015 nuclear deal with world powers, the latest challenge to new President Joe Biden to take the first step towards a thaw.

Published 17 Feb, 2021 06:36pm

Pakistan

SC delists PPP leader Khursheed Shah's bail plea

The case was delisted due to unavailability of Justice Sardar Tariq.

Published 17 Feb, 2021 06:39pm

Companies

Proterra to supply batteries for Volta Trucks' electric vehicles

Volta Trucks is headquartered in Stockholm, but has most of its operations centred in the United Kingdom.
Proterra said last month it is going public through a merger with ArcLight Clean Transition Corp, a special purpose acquisition company (SPAC), in a deal valued at $1.6 billion.

Published 17 Feb, 2021 06:35pm

Pakistan

Two more patients die of COVID-19 at Nishtar Hospital

He informed that a total of 73 patients of COVID-19 were admitted with the health facility while 34 were suspected.

Published 17 Feb, 2021 06:37pm

Pakistan

Political parties' Senate seats should commensurate with number of seats in Provincial Assembly; SC

The hearing of the case was adjourned till tomorrow.

Published 17 Feb, 2021 06:32pm

USA

Pay gap for US female executives narrows but persists

Author Jackie Cook said the narrower difference pointed to progress that should continue as companies file disclosures in coming weeks showing 2020 compensation.
The female executives were still well paid, with median compensation of $1.76 million in 2019, and their gap with male counterparts narrowed faster than did the pay gap for working women overall.

Published 17 Feb, 2021 06:33pm

Europe

EU steps up fight against COVID variants pledging more funds

More contagious mutations are spreading fast across the world, and experts believe a British variant is likely to become prevalent on the European continent.
Brussels also pledged to accelerate regulatory approvals of upgraded vaccines that work against variants and to help ramp up vaccine production.

Published 17 Feb, 2021 06:31pm

Stocks

Three InterPrivate-backed SPACs aim to raise $650mn in IPOs

The special purpose acquisition companies (SPACs) said they would seek to take public companies with an enterprise value of $1 billion or more in the tech and financial services sectors.
One of InterPrivate's SPACs, InterPrivate Acquisition Corp , agreed to take public lidar sensor maker Aeva Inc, led by former Apple Inc engineers, through a merger in November last year.

Published 17 Feb, 2021 06:28pm

Pakistan

Govt making efforts for transparent Senate elections: Shibli

He said the inheritance bill was meant to protect the legal rights of women and for getting the succession certificate.

Published 17 Feb, 2021 06:31pm

Pakistan

AJK PM seeks vibrant role of academia for ensuring dispensation of quality education

He said for the first time the government has introduced NTS to appoint teachers on merit.

Published 17 Feb, 2021 06:29pm

Stocks

Futures muted ahead of retail sales data, Fed minutes

Futures: Dow flat, S&P down 0.06%, Nasdaq off 0.18%
Retail sales are estimated to rise 1.1% in January, helped by the disbursal of another round of pandemic relief checks to households at the beginning of the month.

Published 17 Feb, 2021 06:25pm

Pakistan

SHC dismisses plea challenging PIDA ordinance after AAG statement

The court adjourned the hearing pertaining to the mangroves cutting until March 31.

Published 17 Feb, 2021 06:28pm

Pakistan

Law took course when war-like situation created in PS-88 Malir: CM

The chief minister thanked the people of PS-43 and PS-88 for electing PPP and assured them that his government would serve them to its best.

Published 17 Feb, 2021 06:26pm

Pakistan

SHC seeks covid19 vaccine provision policy from Sindh govt

The court sought policy pertaining to covid19 vaccine from Sindh government until March 02 and it adjourned the hearing of the case.

Published 17 Feb, 2021 06:26pm

Companies

Amazon documents reveal company's secret strategy to dodge India's regulators

Other company documents reveal equally touchy information: Two more sellers on the e-commerce giant's India platform - merchants in which Amazon had indirect equity stakes - accounted for around 35% of the platform's sales revenue in early 2019.
What Carney wound up telling the ambassador is unclear. A meeting did take place in April 2019, but neither side would comment on the specifics of the gathering.

Updated 17 Feb, 2021 06:27pm

Pakistan

ECP starts process of scrutiny of nomination papers for Senate elections

Polling on the forty-eight seats will be held on March 3 at the parliament house Islamabad and the four provincial assemblies.

Published 17 Feb, 2021 06:25pm

Pakistan

CPEC beneficial for entire region: Moeen-ul-Haq

He said infrastructure and connectivity projects can also take place between Pakistan, China and Afghanistan and emphasized that it will help peace and stability in the region.

Published 17 Feb, 2021 06:24pm

Pakistan

Pakistan opposes addition of new permanent members to UNSC

He said progress in reform process can be made only through consultations, mutual accommodation and innovative compromise not by bullying and coercion.

Published 17 Feb, 2021 06:23pm

Pakistan

Govt to mitigate effects of pollution through aggressive plantation campaign: PM

The Prime Minister said under urban forest mechanism Miyawaki Forest program, trees will be planted at fifty sites in Lahore.

Published 17 Feb, 2021 06:22pm

Pakistan

NCOC asks frontline healthcare workers to register themselves for anti Covid vaccine

Asad Umar said all efforts will be made for the safety and protection of healthcare workers so that they can work with same commitment to save precious lives.

Published 17 Feb, 2021 06:21pm

Pakistan

Women's participation in Media, Technology is imperative for betterment of country: Fawad

The Minister said women's participation in Media and Technology is imperative for the betterment of the country.

Published 17 Feb, 2021 06:20pm

Pakistan

Govt gives full attention to public service: Buzdar

The accountability of those, who mercilessly looted the country, would be held and opposition would face defeat in the Senate elections, he added.

Published 17 Feb, 2021 06:19pm

Pakistan

FM invites Egyptian companies to benefit from ample investment opportunities in Pakistan

Representatives of the Egyptian companies expressed their interest in investment in Pakistan’s healthcare, energy and construction sectors.

Published 17 Feb, 2021 06:18pm

Pakistan

Opposition parties alliance has no future: Faisal

Faisal said the only purpose of Prime Minister Khan's open ballot initiative was to bring transparency in the process.

Published 17 Feb, 2021 06:16pm

Pakistan

Energy Minister, UAE envoy discuss on-going cooperation in petroleum sector

The Minister congratulated and lauded the Emirates for country's space mission to Mars "Amal or Hope'' and its successful entry into Mars' orbit.

Published 17 Feb, 2021 06:15pm

Pakistan

Pakistan-IMF agreement entails economic benefits for country: Finance Minister

Sheikh expressed the confidence that PTI will emerge victorious in the Senate elections.

Published 17 Feb, 2021 06:14pm

Pakistan

ECP reserves verdict on nomination papers of Yousaf Raza

The reserved judgment will be announced tomorrow.

Published 17 Feb, 2021 06:13pm

Pakistan

FM expresses Pakistan's desire to further strengthen, diversify ties with Egypt

He said Pakistan would always look to be a partner in peace and progress.

Published 17 Feb, 2021 06:09pm

Pakistan

Over 139 frontline health warriors vaccinated against COVID-19 in Larkana

The 2500 vials have also been supplied each to Sukkur and Mirpurkhas AVCs, Meeran Yousuf, Media Coordinator to the provincial Health Minister told this scribe.

Published 17 Feb, 2021 06:09pm

Companies

GSK, Vir Biotech to expand COVID-19 research partnership for other diseases

The companies will research monoclonal antibody treatments for influenza and other respiratory illnesses as a part of the agreement.
As a part of the deal, GSK will make a further $120 million equity investment in Vir and will pay the company an additional upfront payment of $225 million.

Published 17 Feb, 2021 05:58pm

Sports

Muchova in dreamland after stunning top seed Barty

She will face Jennifer Brady for a place in the final after she American beat Jessica Pegula in three sets.

Updated 17 Feb, 2021 06:09pm

Europe

German vaccination programme accelerating, but variants raise stakes

He added that a government programme to offer everyone free, rapid antigen coronavirus tests from March, financed from the public purse, would also help slow the spread of the virus.
Spahn said the more infectious British variant now made up 22% of new cases, and its share was doubling each week, while the South African variant made up 1.5%.

Published 17 Feb, 2021 06:02pm

Companies

Shopify quarterly revenue beats, sees slower revenue growth in 2021

Revenue rose to $977.7 million in the fourth quarter ended Dec. 31, from $505.2 million a year earlier.
The Ottawa-based company raked $5.1 billion in sales during the Thanksgiving weekend last year, up 76% from a year earlier.

Published 17 Feb, 2021 05:52pm

Pakistan

Senate polls reference hearing: Vote cannot be secret forever, SC tells ECP

Justice Ahsan says a political party should have seats in the Senate according to their existing seats in the provincial assemblies
Term open voting is used in terms of the National Assembly elections, but the law doesn't say the same for Senate's polls: SC

Updated 17 Feb, 2021 05:59pm

South Asia

South Korea offers to help Poland build nuclear power plants

Poland currently generates most of its electricity from coal and is betting heavily on nuclear power to meet its future energy needs, alongside wind and solar power.
We are ready to cooperate with Poland to build its nuclear power plant through access to the proven advanced Korean nuclear technology, and by seeking financial solutions.

Published 17 Feb, 2021 05:50pm

Energy

Oil extends rally on Texas supply disruptions

Texas cold deep freeze shut down oil wells and refineries.
OPEC+ likely to ease curbs on supply after April – sources.

Published 17 Feb, 2021 05:50pm

Energy

Dana Gas seeks around $500mn to fund output expansion

Dana plans to raise its capacity in the Kurdistan Region of Iraq (KRI) to 900 million standard cubic feet per day (mmscfd) with two processing trains of 250 mmscfd each.
The total scope that we're looking at is probably another $500 million. But that would ... be split up between hopefully contractor financing, some bank debt and maybe this green bond.

Published 17 Feb, 2021 05:42pm

World

Lightning lockdowns curb virus in Melbourne, Auckland

Both the Auckland and Melbourne outbreaks involved the more transmissible virus strain first detected in Britain.

Published 17 Feb, 2021 05:28pm

Business & Finance

EU January auto sales plunge: industry group

It said 726,491 vehicles were sold in the month, down from 956,447 in January 2020.

Published 17 Feb, 2021 05:27pm

South Asia

Japan starts vaccinations as new coronavirus cases, deaths drop worldwide

Japan kicked off its inoculation drive at a Tokyo hospital, with a plan to initially give Pfizer-BioNTech shots to 40,000 healthcare workers.

Published 17 Feb, 2021 05:25pm

Sports

Kenin appendix removed after shock Australian Open exit

"Acute appendicitis was diagnosed following the completion of my CT scan," Kenin tweeted.

Published 17 Feb, 2021 05:24pm

Pakistan

SHC warns against closure of roads during PSL6

If the roads are closed, there will be contempt of court proceedings, said SHC. The Pakistan Super League (PSL) season six is all set to start from Feb 20.

Updated 17 Feb, 2021 05:25pm

Sports

Record-chasing Williams wary of 'cool cat' Osaka

Williams said both players had reached "closure" on the painful moment, which has seen them inextricably linked ever since.

Published 17 Feb, 2021 05:21pm

Sports

Barty pooper: Aussie top seed crashes, just as fans cleared to return

Muchova will face Jennifer Brady in the last four after the 22nd seed beat her fellow American and close friend Jessica Pegula 4-6, 6-2, 6-1.

Published 17 Feb, 2021 05:18pm

South Asia

Myanmar protesters stage biggest rallies since troop deployments

Demonstrations over the past two days had been noticeably smaller since troops were deployed around Yangon on the weekend.

Published 17 Feb, 2021 05:15pm

Europe

Russia detains 19 suspected Islamists in coordinated raids

It told Russian news agencies the detainees were charged with organising and participating in activities within an extremist group.

Published 17 Feb, 2021 05:12pm

Business & Finance

Daimler partners with Amazon on self-driving trucks

In June 2020, it announced a partnership with US chip company Nvidia to develop AI driving applications which included Levels 2, 3 and 4.

Published 17 Feb, 2021 05:10pm

South Asia

Indonesia kicks off second wave of Covid-19 vaccinations

The new phase was launched with a mass inoculation at Jakarta's Tanah Abang textile market, home to about 55,000 sellers.

Published 17 Feb, 2021 05:09pm

Business & Finance

Spanish 2020 public debt soars on pandemic spending

The number of registered jobless in Spain jumped by nearly 23 percent last year to just under 3.9 million.

Published 17 Feb, 2021 05:07pm

Africa

35 dead in Chad herder-farmer clashes

The "inter-community clashes have caused 35 deaths, including a soldier," Maad said.

Published 17 Feb, 2021 05:05pm

Middle East

93pc of Palestinian eligible voters sign up for polls

Abbas signed a decree in mid-January this year to hold legislative elections on May 22 and presidential elections on July 31.

Published 17 Feb, 2021 05:03pm

China

Jack Ma's Ant IPO blocked by Chinese government, after probe revealed political beneficiaries

Last year, Chinese premier Xi Jinping blocked Ant Group's initial public offering, as it was speculated that the decision was based on Jack Ma's public criticism of Jinping's financial oversight campaign, and that it could add risk to the financial system.
A group of well-connected Chinese power players backed the company; including those linked with political families that pose a potential challenge to Jinping's authority.

Updated 17 Feb, 2021 05:05pm

Europe

Greece races to restore power grid as cold snap recedes

A source in Patoulis' office told AFP the number was constantly changing because of ongoing repairs.

Published 17 Feb, 2021 05:00pm

Sports

India pick Yadav for last two England Tests

He replaces Shardul Thakur who has been released to play for Mumbai in the domestic 50-over Vijay Hazare Trophy.

Published 17 Feb, 2021 04:59pm

Business & Finance

Ryanair loses state aid lawsuit in EU court

The losses in court for Ryanair were just a first round, with the cases now potentially moving to the higher European Court of Justice.

Published 17 Feb, 2021 04:50pm

Africa

Zanzibar's vice president dies after suffering Covid

Hamad's ACT-Wazalendo party announced in January that the 77-year-old had been hospitalised with the virus.

Published 17 Feb, 2021 04:51pm

World

Uzbekistan certifies Russia's Sputnik vaccine for mass use

Kazakhstan, Central Asia's second most populous country with around 19 million people, is the first country other than Russia to host production of Sputnik V.

Published 17 Feb, 2021 04:47pm

Europe

Draghi sets out plan to rebuild virus-hit Italy

On Wednesday, Draghi said it was a time of "intense emotion" personally to take over with Italy in such a "dramatic situation".

Published 17 Feb, 2021 04:48pm

Business & Finance

Ford launches $1-bn drive to go electric in Europe

Ford said its first European-built all-electric passenger vehicle for European customers would be produced at the facility from 2023.

Published 17 Feb, 2021 04:43pm

Africa

Gunmen kidnap 'hundreds' of schoolboys in central Nigeria

President Buhari condemned the abduction and ordered security forces to coordinate an operation to rescue the students.

Published 17 Feb, 2021 04:42pm

Africa

Nigeria president orders operation to rescue abducted schoolboys

The number of students and staff abducted from the school in Kagara, Niger state, was still unknown, the statement added.

Published 17 Feb, 2021 04:40pm

Europe

Georgia court to rule on detaining top opposition leader

Prosecutors in 2019 charged Melia with organising "mass violence" during anti-government protests that year.

Published 17 Feb, 2021 04:38pm

South Asia

Suu Kyi's lawyer 'hoping for best, preparing for worst'

"We hope for the best but are prepared for the worst," Khin Maung Zaw told AFP by phone, adding he is hoping for a fair trial.

Published 17 Feb, 2021 04:38pm

Sports

Multan Sultans hoping to reset under Rizwan

The 2021 edition will see Multan making a fresh start under a new captain, current star of Pakistan cricket, wicketkeeper/batsman Mohammed Rizwan.
Pakistan Super League is all set to start from February 20.

Updated 17 Feb, 2021 04:31pm

Business & Finance

IMF deal would attract foreign investment in Pakistan, says Shaikh

The finance minister was of the view that the latest agreement would make Pakistan an attractive destination for international investors and gobal capital markets.

Updated 17 Feb, 2021 04:00pm

Pakistan

Fake degree case: Former PPP senator Yasmeen Shah gets two-year jail term

The court imposed a fine of Rs50,000 on Yasmeen Shah
Former National Assembly speaker Dr Fehmida Mirza had filed a petition against Yasmeen

Published 17 Feb, 2021 03:23pm

Asia

Mumbai court stops arrest of associate of 22-year-old climate activist

Ravi was arrested over the weekend on charges of sedition and remains in police custody.
Politicians, students and activists have held protests against the arrest of Ravi, a founding member of the local arm of Thunberg’s Fridays for Future climate change movement.

Published 17 Feb, 2021 03:24pm

Stocks

European share rally pauses as focus turns to inflation; Kering slips

Overall, analysts expect earnings at STOXX 600 firms to have fallen 19.9% in the fourth quarter, steeper than the 18.2% estimate issued last week, according to Refinitiv data. Still, earnings are expected to rebound nearly 43% in the first quarter.

Published 17 Feb, 2021 03:20pm

Commodities

Algeria buys small volume of milling wheat in tender

The tender sought shipment from main supply regions such as the European Union between March 21-31 and during the whole of April.

Published 17 Feb, 2021 03:17pm

Forex

Kenyan shilling weakens as corporate demand for dollars surges

At 0835 GMT commercial banks quoted the shilling at 109.45/65, compared to Tuesday's close of 109.35/55.

Published 17 Feb, 2021 03:11pm

Business & Finance

Czech companies to visit Pakistan, explore opportunities in power sector

Federal Minister for Energy Omar Ayub Khan has said the government is pursuing robust policies to revamp the petroleum and power sectors of the country.

Published 17 Feb, 2021 03:10pm

Pakistan

PPP's Yousuf Murtaza Baloch wins Karachi PS-88 by-election

Baloch was in the lead with more than 24,000 votes, according to unofficial results. PPP’s Jam Shabbir Ali emerged victorious from provincial assembly seat in Sanghar.

Updated 17 Feb, 2021 03:14pm

Forex

Ugandan shilling unchanged; dollar demand flat

At 0850 GMT commercial banks quoted the shilling at 3,655/3,665, the same level as Monday's close. Markets were closed on Tuesday for a holiday.

Published 17 Feb, 2021 03:07pm

Life & Style

It's a baby boy for Game of Thrones' Kit Harington and Rose Leslie

They announced in September that they were expecting the child.

Updated 17 Feb, 2021 03:09pm

Technology

Fortnite's Epic takes Apple feud to Europe

Apple has angrily called the complaints by Spotify and others as "baseless", describing them as sour grapes by companies that do not want to play by the same rules as everyone else.

Published 17 Feb, 2021 03:05pm

Sports

Australian Open to allow 7,500 fans on centre court: organisers

"We look forward to welcoming fans back to the Australian Open for the next four days and to finishing the event safely and on a high," tournament director Craig Tiley said in a statement.

Published 17 Feb, 2021 03:03pm

Stocks

Hong Kong stocks end with more gains

Mainland Chinese markets are closed until Thursday.

Published 17 Feb, 2021 03:01pm

Technology

Italy fines Facebook 7mn euros over data protection

AGCM had already fined Facebook 5.0 million euros in 2018, charging it with unfair trading practices, and ordered it to take corrective action.

Published 17 Feb, 2021 02:58pm

Forex

South Africa's rand retreat as global risk demand slumps

"After having made considerable gains over the course of the month thus far, a combination of factors saw the rand retreat," said analysts at Nedbank in a note.

Published 17 Feb, 2021 02:55pm

Europe

Quake of magnitude 5.0 strikes near Greek town of Nafpaktos

The quake hit 11 km (7 miles) southeast of the town at a depth of 6.0 km (4 miles) at 0336 GMT.

Published 17 Feb, 2021 02:50pm

Forex

Australia dollar 5% lower than otherwise in trade-weighted terms, says RBA's Kent

Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent said the policy measures continue to place downward pressure on the Aussie dollar.

Published 17 Feb, 2021 02:49pm

Business & Finance

Japan Dec core machinery orders rise 5.2% month/month

Manufacturers surveyed by the Cabinet Office forecast that core orders will fall 8.5% in January-March, after advancing 16.8% in the previous quarter.

Published 17 Feb, 2021 02:46pm

IT and Computers

Amazon to open its first Fire TV manufacturing line in India

Amazon announced today that it will be opening its first manufacturing line for Fire TV devices in India.

Published 17 Feb, 2021 02:48pm

Managed Funds

US Treasury's Yellen discusses boosting cooperation in call with EU executive

Yellen committed to re-engaging in discussions on international taxation to forge a timely international accord, and to seek solutions to key bilateral trade issues, it said.

Published 17 Feb, 2021 02:44pm

Technology

IBM to become more environment friendly by 2030

IBM sets new climate goals to get rid of carbon emissions from its operations by 2030.

Published 17 Feb, 2021 02:12pm

Pakistan

Pakistan completes vaccination of more than 50 thousand health workers, more asked to register

Asad Umar said all efforts will be made for the safety and protection of healthcare workers.
So far, 52768 health workers have been vaccinated across Pakistan.

Published 17 Feb, 2021 02:28pm

Asia

Myanmar coup protesters mass again, reject army's claim it has public support

Tens of thousands of protesters, including show-business celebrities, on Wednesday rejected the Myanmar army’s assertion that the public supported its overthrow of elected leader Aung San Suu Kyi and said their campaign would not burn out.

Published 17 Feb, 2021 02:16pm

Business & Finance

KOHC to set up cement manufacturing plant in Punjab

The cement manufacturer, which produces and sells cement also informed that alongside a cement plant it would also install two power plants i.e. 8-10 megawatt Waste Heat Recovery plant and a 25 MW coal-fired power plant in Khushab Punjab.

Published 17 Feb, 2021 02:04pm

Pakistan

PTI's Haleem Sheikh remanded in police custody for two days

The ATC directed the police to present the suspects before it on the next hearing
On February 17, Sheikh was arrested by police for violating the orders of Election Commission of Pakistan

Published 17 Feb, 2021 02:02pm

Pakistan

PM launches plantation campaign in Islamabad, says govt committed to make Pakistan green

Imran says it is our responsibility to determine the losses and benefits the young generations could face in the next 20 years
Environmental pollution is reducing the life span of a human being up to 11 years in Lahore, Karachi and Peshawar: PM

Published 17 Feb, 2021 01:23pm

Forex

Dollar hits 5-month high against yen as inflation talk boost US yields

The British pound held firm at $1.3895, having reached its highest level since April 2018 on Tuesday. Against the euro, the pound traded at its highest level since early May at 87.02 pence per euro.

Published 17 Feb, 2021 01:20pm

Energy

Oil steady amid Texas supply disruptions, potential OPEC+ moves

The OPEC+ group will meet to set policy on March 4.

Published 17 Feb, 2021 01:18pm

Financial

Thai economic outlook highly uncertain, fiscal policy should continue

The committee felt the recovery could be impacted by rapid rises in the baht and would consider measures as necessary to ensure "exchange rate movements would not hinder the economic recovery".

Published 17 Feb, 2021 01:16pm

Sports

Hard work paying off for Pant, says India skipper Kohli

"Only if we back them in such a way that they can improve, they will improve faster. But if you are going to find those loopholes and faults, cricketers are going to take that much longer.

Published 17 Feb, 2021 01:12pm

World

Taiwan says BioNTech vaccine deal on hold, cites potential Chinese pressure

Chen said BioNTech had not asked them to speak to Fosun, and the deal with BioNTech had not been "torn up", only that it was "pending".

Published 17 Feb, 2021 01:10pm

Companies

Honda to appoint R&D chief Toshihiro Mibe as new CEO

It was not immediately clear whether Hachigo would retain a position at Honda.

Published 17 Feb, 2021 01:08pm

Commodities

South Korea's MFG tenders for up to 140,000 tonnes corn

The second consignment for arrival in South Korea around June 25 should be sourced from two origins only.

Published 17 Feb, 2021 01:06pm

Mutual Funds

Yields on 10-year JGBs hit near 1-year high as US yields rise

The five-year yield rose two basis points to minus 0.080%.

Published 17 Feb, 2021 01:04pm

Stocks

Rising US yields takes edge off stocks rally

Cryptocurrency bitcoin rose, again, through $50,000 as signs of big investor interest in the asset drive more and more buying.

Published 17 Feb, 2021 01:01pm

Stocks

South Korea shares snap three-session winning streak as virus cases jump, US yields rise

In money and debt markets, March futures on three-year treasury bonds fell 0.04 points to 111.57.

Published 17 Feb, 2021 12:59pm

Sports

South Africa's Du Plessis retires from tests to focus on T20 World Cups

"This does not mean that ODI (One-Day International) cricket is no longer in my plans. I am just making T20 cricket the priority in the short term."

Published 17 Feb, 2021 12:56pm

Stocks

Japan shares slip from 30-year high on profit booking, pandemic-hit stocks rise

On the other hand, travel- and leisure-related shares did well after Japan launched its COVID-19 inoculation drive on Wednesday.

Published 17 Feb, 2021 12:52pm

Europe

Russia detains 19 militants planning attacks

The FSB said it had seized a suicide belt, homemade bombs and automatic weapons from the suspects.

Published 17 Feb, 2021 12:51pm

World

Lockdown exit: UK could be back to work by July, Daily Mail

Johnson will set out his path out of lockdown on Feb. 22.

Published 17 Feb, 2021 12:49pm

Commodities

Palm gains nearly 3% on costlier US soyoil, weaker ringgit

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 17 Feb, 2021 12:47pm

Energy

US oil may retest support at $59.38

The bottom of the wave (4) at $57.41 will be targeted accordingly.

Published 17 Feb, 2021 12:44pm

Commodities

Palm oil may retest resistance at 3,589 ringgit

Palm oil is expected to retest this strong barrier. However, it may fail again and start a much shallower correction than the former one from 3,631 ringgit.

Published 17 Feb, 2021 12:42pm

Energy

Brent oil may fall into $61.74-62.23 range

Immediate resistance is at $63.04, a break above which could lead to a gain to $63.54. Only a further rise could signal the continuation of the uptrend.

Published 17 Feb, 2021 12:40pm

Commodities

CBOT soybeans may revisit Feb. 9 high of $14.09-1/2

This is the last barrier towards $14.36-1/2. It is the third attempt of the contract to break this resistance. It may succeed.

Published 17 Feb, 2021 12:39pm

Bullion Rate

Spot gold to test support at $1,783

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Published 17 Feb, 2021 12:35pm

Stocks

Australia shares slip as gold miners weigh, BHP hits record high

Financial stocks were flat, even as Westpac shares jumped the most in three months after a rebound in first-quarter profit.

Published 17 Feb, 2021 12:33pm

Business & Finance

Egyptian companies keen to invest in Pakistan’s construction, energy sectors

reign Minister Shah Mahmood Qureshi is on a two-day visit to Egypt, the visit is part of Pakistan’s desire to strengthen its ‘economic diplomacy footprint.’

Published 17 Feb, 2021 12:32pm

Stocks

Gold miners drag down Australian shares; BHP, Westpac soar

"The stimulus provided by the government is having the desired effect ... looks like the cold winter for the banks is thawing out."

Published 17 Feb, 2021 12:30pm

Stocks

Australia shares set to open lower; NZ up

New Zealand's benchmark S&P/NZX 50 index rose 0.2% in early trade.

Published 17 Feb, 2021 12:28pm

Companies

European new car sales drop by 25.7% y/y in January

Sweden was the only EU country where sales were positive, rising 22.5%, with low registration figures in January last year due to a vehicle tax increase behind the increase.

Published 17 Feb, 2021 12:21pm

World

NASA all set to land first tiny helicopter on Mars

The Ingenuity helicopter will overcome several challenges including the rarefied Martian atmosphere, which is just one percent the density of Earth's
The helicopter consists of large blades and spin about five times faster and is equipped with two cameras, computers, and navigation sensors

Published 17 Feb, 2021 12:14pm

Sports

Europe's media hails 'hurricane' Mbappe after hat-trick blows away Barca

"Mbappe destroys Barca in the Nou Camp," read the headline in Barcelona daily Mundo Deportivo.

Published 17 Feb, 2021 11:58am

World

New Zealand ends bid to find bodies from 2010 mine blast

"Breaking through to the end of the drift was monumental," agency chief operating officer Dinghy Pattinson said in a statement.

Published 17 Feb, 2021 11:56am

Business & Finance

New WTO chief's pile of problems

US criticism of the appeal court predates former president Donald Trump, although he cranked up hostilities to new levels.

Published 17 Feb, 2021 11:54am

Pakistan

Pakistan voices opposition, says more permanent members will compound UNSC's inequality, disfunctionality

Permanent membership contradicts the fundamental precepts of sovereign equality,democracy, representativeness & accountability, Ambassador Munir Akram said.
“It is only through an expansion in the non-permanent category that the ideal of a comprehensive reform can be met," he said.

Published 17 Feb, 2021 11:53am

World

Myanmar youth sound off against military coup

A YouTube video clip of a Yangon flash-mob performing to Michael Jackson's "They Don't Care About Us" has garnered nearly 40,000 views in five days.

Published 17 Feb, 2021 11:52am

Stocks

Hong Kong stocks end morning higher

The Hang Seng Index rose 0.65 percent, or 199.44 points, to 30,946.10.

Published 17 Feb, 2021 11:50am

World

Kim Jong Un's wife makes first public appearance in over a year

"It looks like Ri just focused on raising her kids, ensuring they are safe and well."

Published 17 Feb, 2021 11:47am

Companies

Airbus looks to A321 XLR to exit virus crisis

With the pandemic having decimated air traffic, airlines are likely to have even more need for such aircraft as they rebuild their route networks.

Published 17 Feb, 2021 11:44am

Sports

Tennis: Australian Open results

Karolina Muchova (CZE x25) bt Ashleigh Barty (AUS x1) 1-6, 6-3, 6-2

Published 17 Feb, 2021 11:42am

World

New PM Draghi to unveil plan to rescue Italy from virus crisis

The new premier has enough support without them but the rumblings highlight the fragility of his coalition.

Published 17 Feb, 2021 11:39am

Business & Finance

Malaysian durian trade battered as lockdown bites

The trade in durians has exploded over the past decade, largely driven by China's growing appetite, with prices of the once cheap fruit selling for 60 ringgit ($14) or more a kilo.

Published 17 Feb, 2021 11:37am

Sports

Lillard shines as Blazers beat Thunder

Also, Zion Williamson finished with 31 points as the New Orleans Pelicans defeated the Memphis Grizzlies 144-113 to salvage the final contest of a four-game road swing.

Published 17 Feb, 2021 11:35am

World

New Zealand ends snap virus lockdown in largest city

The stay-at-home order for the city of almost two million was issued on Sunday after three community cases emerged, the first lockdown in Auckland for almost six months.

Published 17 Feb, 2021 11:34am

Sports

Brady beats fellow American Pegula to make Australian Open semis

The see-saw continued in the third set with breaks traded before Brady took control of Pegula's serve to reach the final four of a Grand Slam for the second time.

Published 17 Feb, 2021 11:32am

World

Brexit clouds life in Spanish sun for British second home owners

But since Britain voted to leave the European Union in June 2016, sending sterling down against the euro, demand has slackened.

Published 17 Feb, 2021 11:29am

World

EU to launch programme for 'second generation' Covid-19 vaccines

The EU Commission did not comment when contacted by AFP.

Published 17 Feb, 2021 11:27am

World

UN envoy warns Myanmar facing violence escalation as protesters hit streets

After her detention in a dawn raid at the start of the month, Suu Kyi was charged under an obscure import and export law for unregistered walkie-talkies found in her home.

Published 17 Feb, 2021 11:26am

World

Mexico Covid-19 infections surpass two million

In the previous 24 hours, the country recorded another 8,683 new infections, bringing the total to 2,004,575 confirmed cases, the ministry said in a statement.

Published 17 Feb, 2021 11:24am

Sports

Ashwin has 'hero feeling' after beating England on home turf

Victory threw the series wide open again, but much of India is already looking ahead to the T20 World Cup to be held in the country this year.

Published 17 Feb, 2021 11:22am

World

New Zealand to end military deployment in Afghanistan

NATO Secretary-General Jens Stoltenberg said this week that the alliance would not withdraw troops from Afghanistan "before the time is right".

Published 17 Feb, 2021 11:19am

World

Saudi king, not de facto leader MBS, will get first Biden call: White House

Trump was accused by critics of having a low regard for human rights in his support for Saudi leaders.

Published 17 Feb, 2021 11:16am

World

New Covid-19 cases down 16 percent last week: WHO

The interim distribution list issued on February 3 broke down the programme's initial 337.2 million doses -- of which all barring 1.2 million Pfizer-BioNTech doses, are from AstraZeneca. Both WHO-approved vaccines require two injected doses.

Published 17 Feb, 2021 11:13am

World

Brazil's Bahia state declares Covid curfew

Across Brazil, more than 240,000 people have died of Covid-19, the highest death toll worldwide, after the United States.

Published 17 Feb, 2021 11:10am

World

Trump urges Senate Republicans to dump McConnell

It was that claim, both McConnell and Democrats say, which incited the unprecedented attack on Congress on January 6.

Published 17 Feb, 2021 11:08am

World

South Africa offers AstraZeneca jabs to AU

"The first batch of Johnson & Johnson Covid-19 vaccines have arrived at OR Tambo International Airport," Mkhize tweeted as the precious cargo landed in the financial capital Johannesburg.

Published 17 Feb, 2021 11:06am

World

UK pushes for UN pact on vaccine ceasefires in war zones

But Woodward, stressing the need for global coordination, told reporters: "This is of course the right thing to do but it is also in all countries' interest. No one is safe until all of us are safe."

Published 17 Feb, 2021 11:04am

World

Biden says vaccines available for all Americans by end July

"By the end of July we'll have 600 million doses, enough to vaccinate every American," he said.

Published 17 Feb, 2021 11:03am

Pakistan

Senate elections: ECP to begin process of scrutiny of nomination papers today

The process of scrutiny of nomination papers will continue till tomorrow.
A total of 170 candidates have filed their nomination papers with ECP.

Published 17 Feb, 2021 11:04am

Technology

How COVID-19 impacted the Pakistanis search in 2020?

As per the report, Google's search for 'gender equality' by Pakistanis has increased by 40pc in 2020.
The impact of the Corona outbreak on mental health and other psychological issues has led to a 100pc increase in the search for mental health information.

Published 17 Feb, 2021 10:57am

Stocks

Tokyo stocks open lower on profit-taking

Japan logged a trade deficit of 323.9 billion yen ($3 billion) in January, according to finance ministry data released 10 minutes before the opening bell.

Published 17 Feb, 2021 11:00am

Sports

England's rotation plan under fire as Moeen leaves India tour

And that is even before the mental strain imposed by prolonged periods in a bio-secure bubble designed to guard against the spread of the coronavirus is considered.

Published 17 Feb, 2021 10:58am

World

US sells arms but voices concerns on Egypt human rights

In 2015, Soltan was released and deported to the United States after renouncing his Egyptian citizenship.

Published 17 Feb, 2021 10:57am

World

Taliban 'open letter' urges US to honour Doha agreement

The letter, signed by the Taliban deputy leader Mullah Abdul Ghani Baradar, warned that the group would not allow anyone to interfere in Afghanistan’s affairs
The US pledged to withdraw all international troops by April this year but violent conflict continues in Afghanistan

Published 17 Feb, 2021 10:57am

Stocks

Hong Kong shares open lower

The Hang Seng Index dipped 0.36 percent, or 110.29 points, to 30,636.67.

Published 17 Feb, 2021 10:55am

World

US warns of Ebola threat after Africa outbreaks

"The world cannot afford to turn the other way. We must do everything in our power to respond quickly, effectively," she added.

Published 17 Feb, 2021 10:54am

World

UN chief calls for all foreign forces to leave Libya

Dujarric said all three agreed on the necessity of foreign troops leaving the country as part of a ceasefire deal.

Published 17 Feb, 2021 10:52am

World

Japan starts vaccine rollout with healthcare workers

Doses will be administered three weeks apart, with the people in the study group asked to keep daily records of any side effects or reactions, local media said.

Published 17 Feb, 2021 10:51am

Stocks

US stocks mixed as markets watch for stimulus progress

Apple fell 1.6 percent following reports that Nissan said it was not working with the tech giant on autonomous driving technology.

Published 17 Feb, 2021 10:50am

World

Dubai princess says fears for life as held 'hostage'

Latifa said she was held for approximately three months in the Al-Awir central prison in Dubai, until May 2018, before being moved to the villa.

Published 17 Feb, 2021 10:47am

World

Thousands rally in Myanmar's Yangon despite military build up

UN special rapporteur Tom Andrews said he feared the situation was spiralling out of control.

Published 17 Feb, 2021 10:45am

Sports

Europa League returns amid complaints about Covid relocations

Tottenham Hotspur are another side who may have to pin their hopes of a Champions League return on Europa League success as they face Austrian side Wolfsberg, with the first leg moved to Budapest.

Published 17 Feb, 2021 10:41am

Currency	Rate
USD PKR Interbank Selling / Jun 24	278.40
USD PKR Interbank Buying / Jun 24	278.20
USD to Japanese Yen / Jun 25	161.83
USD to Swiss Franc / Jun 25	0.81
Pound Sterling to USD / Jun 25	1.32
Euro to USD / Jun 25	1.14
SOFR % / Jun 24	3.62

Stock	Volume
S&P 500 / Jun 24	7,358.22
Nasdaq / Jun 24	25,476.63
Dow Jones / Jun 24	51,848.90
India Sensex / Jun 25	77,542.57
Tokyo Nikkei / Jun 25	72,326.48
Hang Seng / Jun 25	23,036.20
FTSE 100 / Jun 25	10,470.52
Germany DAX 30 / Jun 25	24,834.21
France CAC40 / Jun 25	8,395.16

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 24	18,280
Gold 10 Grams PKR / Jun 24	368,985
Petrol/Litre / Jun 25	299.50
Crude Oil USD/Barrel / Jun 25	69.47
Gold Spot USD/Ounce / Jun 25	3,981.05
Diesel/Litre / Jun 25	311.47
Cotton US¢/pound / Jun 25	76.52

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