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Archive - 2021-03-04
Italy's Saipem agrees deal for five green hydrogen plants
Energy

Italy's Saipem agrees deal for five green hydrogen plants

  • Two other plants will be built in Albania and Morocco, they said, adding that the Moroccan plant would produce ammonia from green hydrogen.
  • Saipem, a market leader in subsea exploration and construction, is developing new lines of business to meet an increasing client focus on green technologies.
Updated 04 Mar, 2021 09:54pm
Sweden recommends AstraZeneca COVID-19 vaccine for over 65s
Europe

Sweden recommends AstraZeneca COVID-19 vaccine for over 65s

  • There are new studies, from England and Scotland for instance, showing that Astrazeneca's vaccine offers a very good protection in these age groups.
  • Sweden, which has avoided imposing throughout the pandemic, registered 4,838 new coronavirus cases on Thursday, health agency statistics showed.
Updated 04 Mar, 2021 09:54pm
South American World Cup qualifiers in doubt as clubs take hard line
Sports

South American World Cup qualifiers in doubt as clubs take hard line

  • All 10 South American countries feature on the UK government's "red list" travel ban, which does not include exemptions for athletes and sports people.
  • I think everybody agrees -- we can't let the players go and play for their country and then quarantine for 10 days in a hotel. That's not how we can do it.
Updated 04 Mar, 2021 09:53pm
Ukraine confirms two cases of British coronavirus variant
Europe

Ukraine confirms two cases of British coronavirus variant

  • The official said tests were taken on Feb. 18-19, while Ukrainian health authorities earlier this week said there was no such variant in the country.
  • Ukraine has faced a sharp jump in coronavirus cases in recent weeks, which Prime Minister Denys Shmygal called a "third wave" of the pandemic.
Updated 04 Mar, 2021 09:53pm
US weekly jobless claims increase less than expected
USA

US weekly jobless claims increase less than expected

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 745,000 for the week ended Feb. 27, compared to 736,000 in the prior week.
  • Stormy weather in the South left large parts of Texas without power or water for days. The deep freeze shut oil production and refineries in Texas, the biggest producer of natural gas and oil in the United States.
Updated 04 Mar, 2021 09:53pm
Euro zone bonds calm down as markets look to Powell
Financial

Euro zone bonds calm down as markets look to Powell

  • Yields are down from their highs this week, but pressure remains. US Treasury yields rose on Wednesday, alongside euro area government bond yields and UK gilts, pushing stock markets and other low-yielding safe assets lower on Thursday.
  • Italian bond yields were last unchanged, pushing up the gap between 10-year Italian and German yields a touch higher to around 104 bps.
Updated 04 Mar, 2021 09:53pm
Euro zone bonds calm down as markets focus on Powell
Financial

Euro zone bonds calm down as markets focus on Powell

  • Bets that US stimulus would boost inflation and growth pushed government bonds worldwide to their worst performance in years in February. Central banks so far have appeared relatively sanguine about the rise in bond yields.
  • On Thursday, Germany's 10-year yield was down around 3 basis points at -317% at 1610 GMT, after rising 5 basis points on Wednesday.
Published 04 Mar, 2021 09:37pm
South Africa's rand edges up, focus on Powell's speech
Forex

South Africa's rand edges up, focus on Powell's speech

  • With a light local data calendar this week, the rand's movements have been mainly driven by offshore events.
  • Policymakers are generally keeping to the sidelines but markets will be intrigued by comments from the Fed chairman at the WSJ webinar tonight.
Updated 04 Mar, 2021 09:53pm
Mali, Emirates facilitated Venezuelan gold trade in 2020, opposition says
USA

Mali, Emirates facilitated Venezuelan gold trade in 2020, opposition says

  • The gold was refined in Mali and then resold primarily in the United Arab Emirates (UAE) to allow for Maduro's administration to obtain the equivalent of at least $1 billion in euros in particular.
  • We are requesting that US and European authorities make their system for dismantling these types of organized crime groups more sophisticated.
Updated 04 Mar, 2021 09:53pm
Brazil Senate cues up more pandemic aid for poor families
USA

Brazil Senate cues up more pandemic aid for poor families

  • An initial Senate vote on Thursday approved the bill 62-16, and a final vote in the upper house is expected to pass easily.
  • The government said it plans a monthly stipend of 250 reais ($45) for four months once the bill clears the lower house.
Updated 04 Mar, 2021 09:52pm
Delta to spend $30mn to offset most of its 2020 impact on climate
Companies

Delta to spend $30mn to offset most of its 2020 impact on climate

  • The Atlanta-based company said its medium-term goal is to replace 10% of its jet fuel, which is currently refined from fossil fuel, with sustainable aviation fuel by the end of 2030.
  • That followed moves in Europe by easyJet to offset emissions on all its flights and by British Airways and Air France to do the same on their domestic flights.
Updated 04 Mar, 2021 09:52pm
France looks to ease family gifting rules to reduce savings glut
Europe

France looks to ease family gifting rules to reduce savings glut

  • Like many countries, France has seen a surge in savings during the coronavirus crisis due to various restrictions on movement that prevented people from spending in bars, restaurants, cultural venues and on trips.
  • The central bank estimated last month that households had built savings in excess of what could be expected under normal circumstances of up 120 billion euros ($144.4 billion) last year.
Updated 04 Mar, 2021 09:52pm
Halep pulls out of Dubai Tennis Championships with back issue
Sports

Halep pulls out of Dubai Tennis Championships with back issue

  • Unfortunately I am not feeling 100% in my lower back, and I have made the tough decision to withdraw from the 2021 Dubai Duty Free Tennis Championships.
  • "I have great memories from winning my 20th WTA title after some really tough matches in Dubai last year so I'm disappointed that I won't be able to defend my title."
Updated 04 Mar, 2021 09:52pm
Exxon and Macquarie in $11.7mn US lawsuit over gas contract
Companies

Exxon and Macquarie in $11.7mn US lawsuit over gas contract

  • Exxon is asking the Texas court to rule that the massive storm, caused when an arctic air mass swept the central United States, was a natural disaster.
  • US gas demand and prices soared last month when freezing temperatures hit as far south as Texas, where 4.3 million homes lost power.
Updated 04 Mar, 2021 09:52pm
US factory orders surge, but business spending on equipment slowing
USA

US factory orders surge, but business spending on equipment slowing

  • The Commerce Department said on Thursday that factory orders shot up 2.6% after rising 1.6% in December. Economists polled by Reuters had forecast factory orders advancing 2.1% in January. Orders increased 1.3% on a year-on-year basis.
  • Unfilled orders at factories edged up 0.1% in January after decreasing 0.2% in December.
Updated 04 Mar, 2021 09:52pm
Bangladesh seeks to double vaccine purchases from Serum Institute of India
Companies

Bangladesh seeks to double vaccine purchases from Serum Institute of India

  • Bangladesh is also due to get a total of 68 million doses of vaccines from a WHO-backed alliance, with the first shipment of around 10 million doses expected by June, Mannan said.
  • "We have not ordered for any additional doses. As of now our total order is for 30 million doses," Beximco Pharmaceuticals' Chief Operating Officer Rabbur Reza told Reuters.
Updated 04 Mar, 2021 09:52pm
Kremlin dismisses US call to destroy chemical weapons, says it has none
Europe

Kremlin dismisses US call to destroy chemical weapons, says it has none

  • Washington announced sanctions that day on senior Russian government officials and Russian entities in response to what US officials said was Moscow's attempt to kill Navalny with a nerve agent.
  • "Such statements are devoid of logic and grounds and are nothing more than an attempt to unsuccessfully camouflage their policy to further contain Russia," he said.
Updated 04 Mar, 2021 09:52pm
Brazil's real up 1pc, Chilean peso lags as copper slips
Forex

Brazil's real up 1pc, Chilean peso lags as copper slips

  • Mexico's peso and the Colombian currency rose 0.4% and 0.8% respectively as oil prices trended higher ahead of an OPEC+ meeting that is expected to extend supply cuts.
  • Difficulties in dealing with the COVID-19 pandemic also weigh. Majority strategists polled see the peso at 19.97 per US dollar in one year's time.
Updated 04 Mar, 2021 09:51pm
Canadian dollar tracks oil higher as OPEC meets
Forex

Canadian dollar tracks oil higher as OPEC meets

  • Canadian dollar rises 0.2% against the greenback.
  • Price of US oil increases 1.9%.
  • Canadian labor productivity falls 2.0% in the fourth quarter.
  • Canadian bond yields rise across the curve.
Updated 04 Mar, 2021 09:51pm
Dollar pares gains before Fed's Powell speaks
Forex

Dollar pares gains before Fed's Powell speaks

  • "The US is assuming the leadership position on growth matters, fiscal dominance and certainly vaccinations," said Mazen Issa, senior FX strategist at TD Securities in New York.
  • The dollar index was little changed on the day at 91.094, after earlier rising to 91.223. The euro dipped 0.19% to $1.2039.
Updated 04 Mar, 2021 09:51pm
TSX recoups early losses on energy boost
Stocks

TSX recoups early losses on energy boost

  • The energy sector climbed 1.5% as US crude prices were up 1.7% a barrel, and Brent crude added 1.8%.
  • Canadian labor productivity fell 2.0% in the fourth quarter, as hours worked rose faster than business output, Statistics Canada said.
Updated 04 Mar, 2021 09:51pm
Sri Lankan shares fall with world markets; cenbank holds rates
Stocks

Sri Lankan shares fall with world markets; cenbank holds rates

  • The benchmark stock index dropped 2.7% to 7,002.04, its lowest since Jan. 6. With Thursday's fourth straight of losses, the index is now well below a record high of 9,025 hit in late January, and is just up around 3% for the year.
  • The MSCI's ex-Japan Asian-Pacific shares lost 1.8% and other stock markets dipped after 10-year US Treasury yield, the benchmark for global borrowing costs, rose past 1.45% on Wednesday.
Updated 04 Mar, 2021 09:51pm
Most African countries to begin vaccination drives by end of March: WHO
Africa

Most African countries to begin vaccination drives by end of March: WHO

  • The world's poorest continent faces logistical and financial obstacles to securing all the vaccines it needs, but the WHO-led COVAX facility has begun to bear fruit.
  • This week Africa has been at the forefront of COVAX facility deliveries, finally, with almost 10 million vaccine doses being delivered to 11 countries as of this morning.
Updated 04 Mar, 2021 09:51pm
Nickel collapse triggers slide across industrial metals
Commodities

Nickel collapse triggers slide across industrial metals

  • Benchmark copper on the London Metal Exchange (LME), which hit a 10-year high of $9,617 a tonne last week, was on track for its worst day since October as it lost 4.2% to $8,720.
  • Nickel, meanwhile, tumbled for a second day. Having reached a seven-year high of $20,110 last week, it traded at $16,175 a tonne, down 7.1% and set for its biggest one-day loss since 2016.
Updated 04 Mar, 2021 09:51pm
Walmart's Flipkart in early talks for US listing via SPAC deal
Companies

Walmart's Flipkart in early talks for US listing via SPAC deal

  • The talks for a deal with a special purpose acquisition company (SPAC) are at a very early stage and could fall apart as no plans have been finalized yet, said the people, who declined to be named as the information is confidential.
  • India's largest renewable energy firm ReNew Power last month struck a deal with a blank-check company to go public in the United States, while SoftBank-backed online grocery startup Grofers has also held talks with SPACs.
Updated 04 Mar, 2021 09:51pm
NA summoned to meet on Saturday
Pakistan

NA summoned to meet on Saturday

  • The President summoned the session in exercise of powers conferred by clause (1) of Article 54 of the constitution, it further said.
Published 04 Mar, 2021 09:31pm
Pak forex figure $20.13305bn
Pakistan

Pak forex figure $20.13305bn

  • During the week ending on Feb.26, 2021, SBP reserves increased by $ 70 million to $12,978.4 million due to Government of Pakistan official inflows.
Updated 04 Mar, 2021 09:27pm
PNS NASR visits Cotonou Port of Benin
Pakistan

PNS NASR visits Cotonou Port of Benin

  • As a gesture of solidarity and friendship, PNS NASR delivered food aid at Niger and Benin during ceremonies held at Port Cotonou.
  • The Officials of both countries paid special tribute and thanked Government of Pakistan and Pakistan Navy for the kind gesture and provision of humanitarian assistance.
Updated 04 Mar, 2021 09:15pm
SC acquits man facing death sentence
Pakistan

SC acquits man facing death sentence

  • The counsel for the accused said that false murder case was registered against the accused as Razia Bibi fell and got injured. There was no witness to this incident, he added.
Published 04 Mar, 2021 08:11pm
Bond scares linger, investors look to Powell
Stocks

Bond scares linger, investors look to Powell

  • Bond worries remain before Powell's comments later.
  • US Treasuries fall to 1.46%.
  • Global shares index down for third day running.
    • Dollar near seven-month high vs yen, five-month high vs Swissie.
  • Gold prices off nine-month low.
Published 04 Mar, 2021 07:33pm
Philippines receives its first AztraZeneca vaccines under COVAX
South Asia

Philippines receives its first AztraZeneca vaccines under COVAX

  • The country hopes to get a total of 4.58 million doses of AstraZeneca shots via COVAX by May, and the newly arrived 487,200 doses are the initial shipment.
  • "With every dose that we will administer, we are inching towards a safer recovery from this pandemic," Health Secretary Francisco Duque said in a statement.
Published 04 Mar, 2021 07:27pm
Sweden registers 4,838 new COVID-19 cases, 13 deaths on Thursday
Europe

Sweden registers 4,838 new COVID-19 cases, 13 deaths on Thursday

  • The country of 10 million inhabitants registered 13 new deaths, taking the total to 12,977. The deaths registered have occurred over several days and sometimes weeks.
  • Sweden's death rate per capita is many times higher than that of its Nordic neighbours' but lower than in several European countries that opted for lockdowns.
Published 04 Mar, 2021 07:25pm
Biden says he will sign election reform bill
USA

Biden says he will sign election reform bill

  • I look forward to signing it into law ... so that together we can strengthen and restore American democracy for the next election and all those to come.
  • The bill must still clear a divided US Senate.
Published 04 Mar, 2021 07:14pm
Nigeria extends forbearance on loans impacted by COVID-19 pandemic
Money & Banking

Nigeria extends forbearance on loans impacted by COVID-19 pandemic

  • The bank last year launched several intervention programs to try to help stimulate the economy battered by the pandemic. It is also setting up a new company to tackle infrastructure shortages in Nigeria.
  • Nigeria emerged from recession in the fourth quarter of 2020, despite a contraction in the year as a whole.
Published 04 Mar, 2021 07:12pm
Britain told EU about post-Brexit trade move earlier this week: PM's spokesman
Europe

Britain told EU about post-Brexit trade move earlier this week: PM's spokesman

  • We notified the European Commission at official level earlier this week, we also informed the Irish government earlier this week, and then Lord Frost last night in his call with Sefcovic obviously discussed this at length and set out the rationale and reasons for it.
  • These types of operational measures are well precedented and common in other international trade agreements and are entirely consistent with our intention to fulfill our obligations under the protocol in good faith.
Published 04 Mar, 2021 07:09pm
Sudan to start vaccine rollout next week after getting COVAX doses
Africa

Sudan to start vaccine rollout next week after getting COVAX doses

  • Sudan says it expects to receive the remainder of a total 3.4 million doses through COVAX, a vaccine-sharing programme co-led by the World Health Organization, in the second quarter of this year.
  • "This is an essential part of our battle against coronavirus," Health Minister Omer Elnageib said.
Published 04 Mar, 2021 07:03pm
North Macedonia hails low interest rate for its 7-year 700mn euro Eurobond
Financial

North Macedonia hails low interest rate for its 7-year 700mn euro Eurobond

  • "The bond is aimed to repay the maturing public debt ... and soothe the effects of the coronavirus crisis," Besimi said at a news conference carried live on Facebook.
  • "This rate, compared with others in the region, shows that North Macedonia remains attractive for investors," he said, adding the demand had doubled the amount on offer.
Published 04 Mar, 2021 06:42pm
Poland says looser coronavirus restrictions possible in May
Europe

Poland says looser coronavirus restrictions possible in May

  • Poland's new daily coronavirus cases will reach 15,250 on Thursday, he said, having jumped to 15,698 on Wednesday in one of the biggest spikes since November.
  • "If we see the peak of the pandemic at the cusp of March and April then we probably have a loosening path ahead of us."
Published 04 Mar, 2021 06:25pm
Rio de Janeiro announces curfew as Brazil battles brutal COVID wave
USA

Rio de Janeiro announces curfew as Brazil battles brutal COVID wave

  • The city of 6.7 million people will impose a curfew from 11 p.m. to 5 a.m. and order restaurants to close at 5 p.m., while certain businesses, such as clubs, will be shut altogether.
  • While COVID-19 deaths and infections are falling globally, that is not the case in Brazil, where a record 1,910 people died from the virus on Wednesday.
Published 04 Mar, 2021 06:20pm
EU says no talks under way to buy Russia's COVID-19 vaccine
Europe

EU says no talks under way to buy Russia's COVID-19 vaccine

  • "Currently no talks are ongoing to integrate the Sputnik vaccine in the portfolio," a Commission spokesman told a news conference.
  • Earlier on Thursday, the European Medicines Agency (EMA) said it had begun a rolling review of the Sputnik V vaccine, which could lead to its approval for use in all 27 EU countries.
Published 04 Mar, 2021 06:15pm
Knorr must buy Bosch's 20pc stake in its commercial vehicle system JV
Companies

Knorr must buy Bosch's 20pc stake in its commercial vehicle system JV

  • A purchase price for the stake in the European Commercial Vehicles Systems partnership and a joint venture in Japan has yet to be negotiated. Knorr said it has set aside 379 million euros ($456.2 million) on its balance sheet to meet those costs.
  • Bosch sold its truck brake business to Knorr Bremse more than 20 years ago for a stake in Knorr's Commercial Vehicle Systems.
Published 04 Mar, 2021 06:10pm
Kenya's 2021/22 budget deficit target must not exceed 7.5% of GDP
Africa

Kenya's 2021/22 budget deficit target must not exceed 7.5% of GDP

  • It also recommended that the finance ministry restructure some state-owned companies, especially highly indebted ones, with the aim of privatising some of them by the end of 2021/22.
  • The committee urges the National Treasury to commit to strict adherence ... in order to avoid expanding the deficit while at the same time protecting the key growth sectors.
Published 04 Mar, 2021 06:07pm
EU to extend COVID vaccine export controls to end of June
Europe

EU to extend COVID vaccine export controls to end of June

  • The mechanism was set up at the end of January as a reaction to vaccine makers' announcements of delays in the deliveries of COVID-19 vaccines to the EU.
  • It is due to expire at the end of March, but the European Commission wants to extend it through June, the two officials said.=
Published 04 Mar, 2021 06:05pm
Chelsea's goal-shy Werner hopes to hit top gear
Sports

Chelsea's goal-shy Werner hopes to hit top gear

  • Werner has scored five league goals in 25 matches since signing from Bundesliga club RB Leipzig for around 50 million euros ($60.23 million) in the close season.
  • The 24-year-old failed to score for 14 consecutive league games between November and February before finding the net in the 2-0 victory against Newcastle United this month.
Published 04 Mar, 2021 06:03pm
Germany approves AstraZeneca for over-65s
Europe

Germany approves AstraZeneca for over-65s

  • It added that the Permanent Vaccination authority recommended extending to the maximum 12 weeks the period between receiving the first and second doses of the vaccine.
  • "This is good news for older people who are waiting for a vaccine. They can now be vaccinated more quickly," the ministry said.
Published 04 Mar, 2021 06:01pm
Turkish net FX reserves climb to $13.93bn
Money & Banking

Turkish net FX reserves climb to $13.93bn

  • The exchange rate used by Reuters on Thursday was 7.1924 compared to 6.9527 the previous week.
  • The reserves plunged last year as state banks sold off an estimated total of $130 billion to stabilise the ailing lira, which still lost 20% of its value in 2020.
Published 04 Mar, 2021 05:59pm
EU suspends development funds in Myanmar after coup
South Asia

EU suspends development funds in Myanmar after coup

  • The 27-nation bloc informed a committee of the World Trade Organization on Thursday that it had put on hold all development cooperation that would support the military authorities, a Geneva-based trade official said.
  • The European Commission, the EU executive, confirmed it had put on hold the budgetary support, which has typically gone to schools, elections and rural development and is worth hundreds of millions of euros over several years.
Published 04 Mar, 2021 05:57pm
Iran giving encouraging signs about resuming nuclear diplomacy
South Asia

Iran giving encouraging signs about resuming nuclear diplomacy

  • The source added that European powers Britain, France and Germany have decided to pause the submission of a resolution critical of Iran at the International Atomic Energy Agency in order to give diplomacy a chance and not harm the prospects of an informal nuclear meeting.
Published 04 Mar, 2021 05:56pm
Erdogan urges lifting US sanctions on Iran, return to JCPOA
Europe

Erdogan urges lifting US sanctions on Iran, return to JCPOA

  • Tehran and Washington have said they want the other side to move first to hold talks to salvage the Joint Comprehensive Plan of Action (JCPOA), under which Tehran secured an easing of sanctions by limiting its nuclear work.
  • Last month, Erdogan told Iranian President Hassan Rouhani in a phone call that he saw a window of opportunity for Iran and the United States, adding he wanted US sanctions on Tehran to be lifted.
Published 04 Mar, 2021 05:54pm
Mild winter dramatically improves condition of Russian winter grains
Commodities

Mild winter dramatically improves condition of Russian winter grains

  • The portion of winter grain sowings in poor condition was at a 7-year high of about 22% in early December as farmers in one of the world's largest wheat exporters planted in dry soil.
  • "One can breathe freely now. The situation has significantly improved," he said, adding that it was rare for winter to improve, rather than worsen, the condition of the grain crop in Russia.
Published 04 Mar, 2021 05:51pm
Egypt's GASC receives offers in soyoil, sunflower oil tender
Commodities

Egypt's GASC receives offers in soyoil, sunflower oil tender

  • The lowest offer for 10,000 tonnes of sunflower oil also sought by the state agency was estimated to be $1,554 a tonne c&f, submitted by trading house Viterra and also seeking immediate payment.
  • Offers are still being considered and results are expected later on Thursday. The oils are both sought for May 1-15 arrival in Egypt.
Published 04 Mar, 2021 05:46pm
US and UK agree to suspend tariffs and seek aircraft row resolution
USA

US and UK agree to suspend tariffs and seek aircraft row resolution

  • The Donald Trump administration had imposed tariffs on an array of EU food, wine and spirits, including on Scotch whisky, which the industry says are putting its future at risk.
  • The United Kingdom and the United States are undertaking a four-month tariff suspension to ease the burden on industry and take a bold, joint step towards resolving the longest running disputes at the World Trade Organization.
Published 04 Mar, 2021 05:29pm
PM Khan urges global bodies to provide 'fiscal space' to developing countries
Business & Finance

PM Khan urges global bodies to provide 'fiscal space' to developing countries

  • “The COVID-19 pandemic is not over we must ensure the people are secure and ensure earliest possible access to vaccines being produced but on an affordable and equitable basis,” said PM Khan.
  • “The rich countries have injected $20 trillion to stimulate their economies. Our economy has been equally affected but we do not have the capacity to create such liquidity,” he said
Updated 04 Mar, 2021 05:30pm
Indian shares snap 3-day rally as metals, financials slide
Stocks

Indian shares snap 3-day rally as metals, financials slide

  • The NSE Nifty 50 index closed down 1.08% at 15,080.75, while the S&P BSE Sensex settled 1.16% lower at 50,846.08.
  • The MSCI world equity index slipped 0.5%, as concerns about rising US bond yields triggered another market rout after roiling global stock markets last week.
Updated 04 Mar, 2021 05:14pm
MG addresses late delivery of booked cars issue
Automobile

MG addresses late delivery of booked cars issue

  • Company has already booked thousands of orders for both cars, however it is facing issues with the delivery of these booked cars.
  • As per the company’s statement, car deliveries are late because of the consequences of the global COVID-19 pandemic: supply chain constraints and global transportation crisis.
Updated 04 Mar, 2021 04:53pm
Hate Crimes Targeting Asian-Americans Spiked by 150% in 2020
USA

Hate Crimes Targeting Asian-Americans Spiked by 150% in 2020

  • Hate-fuelled attacks on Asian Americans spiked across the United States in 2020, despite the onset of a global pandemic, as according to official police statistics, this alarming trend is continuing this year.
  • In 2020, there were 122 incidents of hate crimes directed towards the Asian-American community, which constituted an increase of almost 150%.
Updated 04 Mar, 2021 04:50pm
PM to seek vote of confidence from National Assembly on March 6
Pakistan

PM to seek vote of confidence from National Assembly on March 6

  • The decision comes a day after Pakistan Peoples Party candidate Yousuf Raza Gilani won the Senate seat from Islamabad, defeating PTI's Hafeez Sheikh
  • The move aims to counter the opposition’s ability to challenge the legitimacy of Imran Khan's government
Published 04 Mar, 2021 02:54pm
COVID-19: HBL PSL 6 postponed
Sports

COVID-19: HBL PSL 6 postponed

  • The decision was made after seven cases were reported in the competition, which had started on 20 February.
  • The PCB, as an immediate step, will focus on the safe and secure passage of all participants, and arrange repeat PCR tests, vaccines and isolation facilities to the six participating sides.
Updated 04 Mar, 2021 01:23pm
IHC orders removal of former DG ISI Durrani's name from ECL
Pakistan

IHC orders removal of former DG ISI Durrani's name from ECL

  • The court stated that Durrani has the same rights as other Pakistanis under the Constitution
  • Durrani filed a petition against the Interior Ministry and government in June 2019 for putting his name on the no-fly list for writing a controversial book
Published 04 Mar, 2021 12:16pm
CAA likely to lift in-flight ban on meal service
Pakistan

CAA likely to lift in-flight ban on meal service

  • The CAA air transport director says that the efforts remained successful to contain the spread of the coronavirus pandemic
  • The aviation authority recommends that permission on meal and beverages onboard may be offered on domestic flights within Pakistan
Published 04 Mar, 2021 11:52am
Tech shares tumble amid revived fears of inflation
Stocks

Tech shares tumble amid revived fears of inflation

  • A Fed report said activity in the American economy expanded only "modestly" and job gains were slow in recent weeks, but firms are becoming more upbeat about their prospects as Covid-19 vaccines are rolled out nationwide.
Published 04 Mar, 2021 10:54am
EU commission seeks to tackle gender pay gap
World

EU commission seeks to tackle gender pay gap

  • "Through the introduction of rules on pay transparency and a mechanism to enforce it, workers will have the tools to get the necessary information on potential pay differentials," Dalli said.
Published 04 Mar, 2021 10:50am
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