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Archive - 2021-03-20
Stellantis pickups hit, Ford cuts production due to global semiconductor shortage
Companies

Stellantis pickups hit, Ford cuts production due to global semiconductor shortage

  • Ford said it will idle its Ohio assembly plant, while its Kentucky Truck Plant in Louisville will only work two of three shifts. Both plants will return to full production the week of March 29.
  • The US automaker said the latest action is part of a prior forecast it made that the shortage could hit 2021 profits by $1 bln to $2.5 bln.
Published 20 Mar, 2021 10:23pm
Italy reports 401 coronavirus deaths, 23,832 new cases
Europe

Italy reports 401 coronavirus deaths, 23,832 new cases

  • Patients in hospital with COVID-19 - not including those in intensive care - stood at 27,061 on Saturday, up from 26,858 a day earlier.
  • There were 243 new admissions to intensive care units, compared with 244 on Friday. The total number of intensive care patients increased to 3,387.
Published 20 Mar, 2021 10:16pm
Kenyan COVID vaccine offer to diplomats draws local doctors' ire
Africa

Kenyan COVID vaccine offer to diplomats draws local doctors' ire

  • Kenya, where nearly 2,000 people have died of COVID-19, is battling a third wave and the health ministry reported 28 deaths on Friday, the highest daily toll since the pandemic began.
  • "We need to protect everyone resident in Kenya. It just made sense not to reach out only to Kenyans but also to the international community here," Kamau said
Published 20 Mar, 2021 10:09pm
Thai army denies supplying rice to Myanmar forces
South Asia

Thai army denies supplying rice to Myanmar forces

  • The Thai army is not supplying the Myanmar army and there has been no contact from the Myanmar army requesting help or demanding any assistance from us because they have their own honour.
  • "If there is anything, I think there is regular commerce at normal border crossings," Amnat said. "We are not blocking this if the conduct is not against the law and follows customs procedures."
Published 20 Mar, 2021 09:51pm
Renesas warns some production hit by Japan chip plant fire
Companies

Renesas warns some production hit by Japan chip plant fire

  • Friday's fire, which did not injure any employees, burned 600 square metres of the 300mm clean room, including 2% of the manufacturing equipment, the Japanese company said.
  • Production at the rest of the plant was unaffected by the blaze, which was caused by an electrical fault which police and fire department officials are investigating, it added.
Published 20 Mar, 2021 09:48pm
Portugal to quarantine travellers from South Africa via other countries
Europe

Portugal to quarantine travellers from South Africa via other countries

  • Direct flights from South Africa have already been halted and although few cases of the COVID-19 variant first detected in South Africa have been diagnosed in Portugal so far, the measure was intended to prevent any further spread, the ministry said.
  • Flights to and from Brazil and Britain have been suspended until the end of the month, also to prevent contagion of COVID-19 variants. Passengers arriving through a different country must also test and quarantine.
Published 20 Mar, 2021 09:46pm
Ibrahimovic ready to start for AC Milan in Florence, says Pioli
Sports

Ibrahimovic ready to start for AC Milan in Florence, says Pioli

  • Ibrahimovic returned to action from the bench on Thursday as the Rossoneri lost 1-0 to Manchester United on their way to a 2-1 aggregate defeat in the Europa League Last-16.
  • "Zlatan took advantage of the minutes he played on Thursday and tomorrow he will start," Pioli told a news conference.
Published 20 Mar, 2021 09:44pm
Saints march into FA Cup semis with 3-0 win at Bournemouth
Sports

Saints march into FA Cup semis with 3-0 win at Bournemouth

  • We had aspirations of getting (to Wembley) at the start of the season. It's a chance for us to put the league form behind us.
  • "It's good for us to get into the next round going into the international break where we can work on a few things while some of the boys are away.
Published 20 Mar, 2021 09:42pm
China aluminium giant Hongqiao to publish carbon goals this year, chairman says
Companies

China aluminium giant Hongqiao to publish carbon goals this year, chairman says

  • Hongqiao affiliate Shandong Weiqiao Pioneering Group and state-owned rival Aluminum Corp of China in January issued a joint proposal on how the Chinese aluminium sector should reduce emissions.
  • "We hope to explore specific paths and methods for the low-carbon transformation of China's aluminium industry," he told the Forum, a high-level business gathering hosted by a foundation under the State Council, China's cabinet.
Published 20 Mar, 2021 09:35pm
French authorities allow foreign players to forgo quarantine
Sports

French authorities allow foreign players to forgo quarantine

  • Earlier this week, the French league said that Ligue 1 and Ligue 2 clubs "would not make available for selection the foreign players summoned for matches outside the EU / EEA zone during the next international period in March."
  • "It's a big surprise to hear that on Saturday. These situations could be anticipated," he said.
Published 20 Mar, 2021 09:32pm
Juve's Pirlo says Inter lucky to keep international players home
Sports

Juve's Pirlo says Inter lucky to keep international players home

  • Inter's league match against Sassuolo, scheduled for Saturday, was postponed on Thursday after two more coronavirus cases brought the total number of positive cases in their playing squad to four.
  • "Unfortunately, it happens at a positive moment for Inter, who will have the opportunity to work without sending their players to the national teams. In this sense they were also lucky."
Published 20 Mar, 2021 09:30pm
US to place some migrant families in hotels in move away from detention centers
USA

US to place some migrant families in hotels in move away from detention centers

  • Endeavors, a San Antonio-based organization, will oversee what it calls "family reception sites" at hotels in Texas and Arizona, the person said.
  • The opening of the reception centers would mark a significant shift by the administration of President Joe Biden, a Democrat, away from the detention of migrant families in for-profit facilities.
Published 20 Mar, 2021 09:18pm
Europe's south calls for more solidarity in new EU migration pact
Europe

Europe's south calls for more solidarity in new EU migration pact

  • The EU has fought bitterly since 2015, when over 1 million people, most of them Syrian, Iraqi or Afghan refugees, arrived on its shores, the majority through Greece.
  • A new pact to tackle the issue was put forward by the European Commission last September but a final deal has yet to be reached.
Updated 20 Mar, 2021 09:20pm
Chinese FA chief says salary caps needed for sustainable development
Sports

Chinese FA chief says salary caps needed for sustainable development

  • The CFA will introduce a salary cap for the top-flight Chinese Super League (CSL) starting in the new season as part of measures aimed at limiting spending and ensuring sustainable growth.
  • Salaries for domestic players would be capped at 5 million yuan ($770,000), while those of foreign players cannot exceed 3 million euros ($3.6 million), Xinhua news agency reported.
Published 20 Mar, 2021 07:57pm
Quake hits Japan area devastated a decade ago, tsunami alerts lifted
South Asia

Quake hits Japan area devastated a decade ago, tsunami alerts lifted

  • The quake, with a magnitude of 7.2, hit the coast of Miyagi Prefecture at 6:26 p.m. (0926 GMT) at a depth of 60 km (40 miles), the Japan Meteorological Agency said.
  • All tsunami alerts were lifted about an hour later, broadcaster NHK said after warning the public not to go near the shore.
Published 20 Mar, 2021 07:52pm
China's crude steel output to peak around 2025
Companies

China's crude steel output to peak around 2025

  • By 2030, carbon emissions in the steel sector is forecast to fall by 30% from its peak, and the industry aims to cut emissions by 420 million tonnes.
  • China's top two steelmakers China Baowu Steel Group and HBIS Group had set individual goals to reach carbon emission peaks in 2023 and 2022 respectively.
Published 20 Mar, 2021 07:49pm
Greensill administrators lay off some 440 staff
Money & Banking

Greensill administrators lay off some 440 staff

  • The job cuts were made "whilst the joint administrators are in continued discussion with interested parties in relation to the purchase of certain Greensill Capital assets."
  • Greensill entered administration on March 8 after losing insurance coverage.
Published 20 Mar, 2021 07:39pm
Bryan strips down to boxers to complete shot from mud at Honda Classic
Sports

Bryan strips down to boxers to complete shot from mud at Honda Classic

  • A wayward tee shot at the sixth, his 15th hole of the day, landed Bryan in a spot of bother with the ball ending up on the mud just by the water.
  • "We've seen a lot of dress downs for water shots in the past. This guy is up to his calves, he's got an interesting way he's hiked up the shirt," one commentator said.
Updated 20 Mar, 2021 07:37pm
US shouldn't threaten friends over Nord Stream 2, says Austria's OMV CEO
Energy

US shouldn't threaten friends over Nord Stream 2, says Austria's OMV CEO

  • "This project is of great importance for the security of supply of the European gas market, it is therefore Europe's responsibility to decide," Seele told Austrian newspaper Wiener Zeitung.
  • "We have had a deep transatlantic friendship with the USA for decades. And friends shouldn't threaten each other," he said in an interview published on Saturday.
Published 20 Mar, 2021 07:01pm
Stekelenburg returns to remind Dutch squad of brighter years
Sports

Stekelenburg returns to remind Dutch squad of brighter years

  • The return of Stekelenburg, who won the last of his 58 caps in November 2016, has an element of good fortune about it. He was signed by Ajax Amsterdam last June on a one-year contract as cover for Andre Onana.
  • "It was horrible what happened to Andre and Ajax, but my role at the club was clear: to be ready whenever Ajax would call upon me," he said in an interview with Voetbal International magazine this week.
Published 20 Mar, 2021 07:01pm
Supreme leader ushers in Iranian new year with message of hope
South Asia

Supreme leader ushers in Iranian new year with message of hope

  • "There is good ground for a production leap," Khamenei said, adding that the government needed to get rid of any legal obstacles to production and growth.
  • Khamenei said the new year of 1400 is "an important and sensitive" one because of the upcoming presidential election in June.
Published 20 Mar, 2021 06:53pm
Britain hits milestone as half of all adults get first vaccine dose
Europe

Britain hits milestone as half of all adults get first vaccine dose

  • "The vaccine is a national success story and our way out of this pandemic," said Hancock, adding that he was "delighted".
  • British Prime Minister Boris Johnson got his first vaccine dose on Friday, receiving AstraZeneca's shot - which several European countries had temporarily stopped using earlier this week over safety fears.
Published 20 Mar, 2021 06:51pm
China appoints new central bank monetary policy committee members
South Asia

China appoints new central bank monetary policy committee members

  • Cai is an influential economist at the Chinese Academy of Social Sciences (CASS), a top government think tank, while Wang is vice chairman of China Center for International Economic Exchanges (CCIEE), another think tank.
  • The policy committee, which meets once every quarter to discuss economic and policy issues, can recommend changes or action when necessary, but its influence is limited.
Published 20 Mar, 2021 06:33pm
Yang breaks women's 20km race walk world record
Sports

Yang breaks women's 20km race walk world record

  • Earlier in the day, China's Wang Kaihua produced the third-fastest men's 20km race walk in history to book his own spot at the Summer Games.
  • Yang, 25, sliced 49 seconds off the previous mark set by her compatriot Liu Hong in 2015, finishing with a time of one hour, 23 minutes and 49 seconds.
Published 20 Mar, 2021 06:29pm
International spectators to be barred from entering Japan for Olympics
Sports

International spectators to be barred from entering Japan for Olympics

  • Some 600,000 Olympic tickets purchased by overseas residents will be refunded, as will another 300,000 Paralympic tickets, Toshiro Muto, the chief executive of the Tokyo 2020 organising committee told a news conference.
  • "People who are involved in the Olympics in some way may be allowed to enter the country, whereas regular visitors will not be able to," Tokyo 2020's Muto said.
Published 20 Mar, 2021 06:17pm
Thai police shoot water cannon at protesters near king's palace
South Asia

Thai police shoot water cannon at protesters near king's palace

  • About 1,000 protesters gathered near the Grand Palace in Bangkok in an area known as Sanam Luang, or Royal Field.
  • "We have prepared officers to maintain order," police deputy spokesman Kissana Pattanacharoen told reporters earlier, but declined to say how many officers were deployed.
Published 20 Mar, 2021 06:14pm
Parts of France enter lockdown amid confusion and frustration
Europe

Parts of France enter lockdown amid confusion and frustration

  • The government announced the new measures on Thursday after a jump in COVID-19 cases in Paris and parts of northern France.
  • The new restrictions are less severe than those in place during the lockdowns of spring and November 2020, raising concerns that they may not be effective.
Published 20 Mar, 2021 06:09pm
PM Imran’s interaction with public via telephone rescheduled
Pakistan

PM Imran’s interaction with public via telephone rescheduled

  • The new date and time of PM’s interaction with the people will be released soon. The prime minister’s interaction would be broadcast from Radio, Television and digital media simultaneously.
  • Last month, The Premier interacted with public via telephone and responded to their queries.
Updated 20 Mar, 2021 05:47pm
PM contracted COVID-19 prior to vaccination, clarifies Asad Umar
Pakistan

PM contracted COVID-19 prior to vaccination, clarifies Asad Umar

  • "The symptoms take a few days before manifesting. Hence it is certain that PM had been infected PRIOR to vaccination. So please do vaccinate," Umar tweeted.
  • On Saturday, SAPM on Health Dr Faisal Sultan said that Prime Minister Imran Khan has tested positive for coronavirus.
Published 20 Mar, 2021 04:50pm
Two new SUVs coming to Pakistan
Automobile

Two new SUVs coming to Pakistan

  • The company will launch two HAVAL SUVs – HAVAL H6 and HAVAL Jolion.
  • CBU units of Jolion will reach Karachi for trials and testing by the end of March. Sample units of H6 will arrive by the mid of April.
Published 20 Mar, 2021 04:12pm
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Friday (March 19, 2021)....
Published 20 Mar, 2021 04:39am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Friday (March 19, 2021) and the forecast for Saturday (March 20, 2021)....
Published 20 Mar, 2021 04:39am
Economic statecraft
Opinion

Economic statecraft

The concept of ‘economic statecraft’ is defined by Princeton’s Prof. David A. Baldwin as using economic means...
Published 20 Mar, 2021 04:39am
Physical remand extended
Pakistan

Physical remand extended

LAHORE: A judicial magistrate on Friday extended the physical remand of three workers of PML-N Ghulam Abbas, Attiq...
Published 20 Mar, 2021 04:39am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 20 Mar, 2021 04:39am
JLI MEESEQ Fund Rates
Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meesaq Fund Rates on Friday (March 19, 2021). ======================== Offer Price 1,212.9749 Bid...
Published 20 Mar, 2021 04:39am
JLI MANAGED TAKAFUL FUND
Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (March 19, 2021). ======================== Offer Price...
Published 20 Mar, 2021 04:39am
EFU AGGRESSIVE FUND RATES
Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (March 19, 2021). ======================== Offer Price 1,545.9527 ...
Published 20 Mar, 2021 04:39am
BOARD MEETINGS
Rates.PSX

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 20 Mar, 2021 04:39am
Shipping Intelligence
Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 19, 2021)....
Published 20 Mar, 2021 04:39am
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Friday (March 19, 2021). ======================================= Offset...
Published 20 Mar, 2021 04:39am
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 19, 2021)...
Published 20 Mar, 2021 04:39am
Ukraine grain exports down
Commodities

Ukraine grain exports down

KYIV: Ukraine’s grain exports have fallen by nearly 23% to 33.9 million tonnes so far this season, which runs from...
Published 20 Mar, 2021 04:39am
Gold down in Europe
Commodities

Gold down in Europe

ROTTERDAM/LONDON: Gold prices inched lower on Friday as a rebound in US Treasury yields and a stronger dollar ...
Published 20 Mar, 2021 04:39am
Copper loses ground
Commodities

Copper loses ground

LONDON: Copper prices fell with global stock markets on Friday after a confrontation between Chinese and US ...
Published 20 Mar, 2021 04:39am
Gold prices up
Commodities

Gold prices up

KARACHI: Gold prices on Friday gained some increase on the local market, traders said. The precious metal price grew...
Published 20 Mar, 2021 04:39am
LNG value chain
Editorials

LNG value chain

EDITORIAL: Sometimes it seems that a new crisis about the energy sector makes it to the news with every passing day,...
Published 20 Mar, 2021 04:39am
Tax exemptions
Editorials

Tax exemptions

EDITORIAL: It was of course only a matter of time before the government caved in and accepted all of the...
Published 20 Mar, 2021 04:39am
Preventable loss of life
Editorials

Preventable loss of life

EDITORIAL: The frequency with which fatal accident in coalmines of Balochistan occur speak of appalling apathy on ...
Published 20 Mar, 2021 04:39am
Wheat MSP fixed at Rs1,800 per 40-kg

Wheat MSP fixed at Rs1,800 per 40-kg

ISLAMABAD: The federal government Friday fixed the minimum support price (MSP) for wheat at Rs 1,800 per 40-kg, in a...
Published 20 Mar, 2021 04:39am
SPI down 0.19pc WoW

SPI down 0.19pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended March 18, 2021 recorded a decrease of 0.19 percent...
Published 20 Mar, 2021 04:39am