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Archive - 2021-03-25
China's net gold imports via Hong Kong steady in February
Commodities

China's net gold imports via Hong Kong steady in February

  • Net gold imports via Hong Kong to China, the world's top consumer of the metal, fell 0.2% to 4.192 tonnes in February, compared with 4.2 tonnes in January, the data showed.
  • "Import is still restricted. There were no quotas issued by People's Bank of China (PBOC) in February," Bernard Sin, Regional Director, Greater China at MKS Switzerland, said.
Published 25 Mar, 2021 09:00pm
Ford to phase out Mondeo sedan production in Europe in early 2022
Companies

Ford to phase out Mondeo sedan production in Europe in early 2022

  • The company also reaffirmed all its passenger vehicles in Europe will be fully electric or plug-in hybrids by mid-2026 and all-electric by 2030.
  • The move comes as Ford is investing heavily in developing connected electric vehicles, with plans to spend $22 billion in electrification through 2025.
Published 25 Mar, 2021 08:57pm
Rio Tinto faces class action suit over Mongolia copper project
Companies

Rio Tinto faces class action suit over Mongolia copper project

  • Rio operates the mine via its Canadian subsidiary Turquoise Hill, which owns 66% of Oyu Tolgoi. The rest of the mine has been owned by the Mongolian government since the project was launched in 2009.
  • Activist investor Pentwater Capital Management LP is Turquoise Hill's largest shareholder after Rio with a 9% stake.
Published 25 Mar, 2021 08:55pm
Sweden to resume AstraZeneca jabs for over 65s
Europe

Sweden to resume AstraZeneca jabs for over 65s

  • The vaccine is of great use for the elderly, among whom many fall seriously ill each day.
  • "At the same time, we haven't seen these rare and serious side effects among our elderly. That is the background to why we are lifting the suspension for people older than 65."
Published 25 Mar, 2021 08:53pm
US natgas futures slip to one-week low ahead of storage report
Energy

US natgas futures slip to one-week low ahead of storage report

  • That small decline comes ahead of a federal report expected to show last week's storage draw was smaller than usual and could be the last withdrawal of the 2020-2021 winter heating season.
  • Front-month gas futures fell 2.3 cents, or 0.9%, to $2.495 per million British thermal units (mmBtu).
Published 25 Mar, 2021 08:52pm
Copper falls to nearly 3-week low on China demand worries, firm dollar
Commodities

Copper falls to nearly 3-week low on China demand worries, firm dollar

  • Three-month copper on the London Metal Exchange shed 2.2% to $8,780.50 a tonne in official trading, having hit $8,702 a tonne, its lowest since March 5.
  • Chinese demand worries and a stronger dollar - these are the two main macro factors that's causing a general loss of risk appetite across the whole commodity space.
Published 25 Mar, 2021 08:50pm
Fed's Barkin says watch the data, rate hikes no article of faith
USA

Fed's Barkin says watch the data, rate hikes no article of faith

  • "I don't think it matters. I think what matters is the outcomes we actually get," Barkin said.
  • The Fed's pledge not to raise rates or curb $120 billion in monthly bond purchases until the economy more clearly recovers "is quite explicit and outcome based," Barkin said.
Published 25 Mar, 2021 08:45pm
Turkey says conveyed sensitivity about Uighurs to Chinese minister
Europe

Turkey says conveyed sensitivity about Uighurs to Chinese minister

  • Chinese Foreign Minister Wang Yi met Cavusoglu on Thursday as Uighur Muslims protested in Turkey against the treatment of their ethnic kin in the western Chinese region of Xinjiang.
  • In a tweet after their talks, Cavusoglu said Turkey and China would enhance their cooperation in the pandemic and on vaccines.
Published 25 Mar, 2021 08:40pm
Dubai index leads most of Gulf lower; Egypt extends gains
Stocks

Dubai index leads most of Gulf lower; Egypt extends gains

  • In Dubai, the main share index dropped 0.8%, with sharia-compliant lender Dubai Islamic Bank sliding 4.2%, its biggest intraday fall since mid-December, as the stock went ex-dividend.
  • Dubai's economy, which is the region's most diversified, was one of the hardest hit by the pandemic. S&P estimated that GDP contracted 10.8% last year.
Published 25 Mar, 2021 08:38pm
Russia begins producing third COVID-19 vaccine
Europe

Russia begins producing third COVID-19 vaccine

  • The most well-known Russian coronavirus vaccine is Sputnik V. Moscow has also given emergency approval to two shots, EpiVacCorona and CoviVac.
  • The third Russian vaccine is entering civilian circulation and will appear in the regions in the coming days.
Published 25 Mar, 2021 08:36pm
NAB postpones Maryam Nawaz’s hearing scheduled for March 26
Pakistan

NAB postpones Maryam Nawaz’s hearing scheduled for March 26

  • According to a press release issued by the bureau, a meeting was held today to discuss the tomorrow’s hearing alongside the recommendations provided by the National Command and Operations Centre (NCOC).
  • The meeting decided to postpone the Maryam Nawaz hearing as the NCOC has banned gatherings of all kinds.
Updated 25 Mar, 2021 08:38pm
Macron's Covid strategy: 'third way' or wrong way?
Europe

Macron's Covid strategy: 'third way' or wrong way?

  • Faced with surging new coronavirus cases, Prime Minister Jean Castex announced the new measures last Thursday for around 20 million people living in Paris as well as regions in the north and south-east.
Published 25 Mar, 2021 08:36pm
Stellantis examining line closure at Italy's Melfi car plant
Companies

Stellantis examining line closure at Italy's Melfi car plant

  • Jeep's Renegade and Compass models and the Fiat 500X compact SUV are produced at Melfi, which is considered the most efficient Stellantis plant in Italy, but could be moved to a single production line.
  • The carmaker's production is under scrutiny in the country for costing more than elsewhere, as Stellantis seeks more than 5 billion euros ($5.9 billion) a year in savings.
Published 25 Mar, 2021 08:34pm
Bezeq Telecom eyes merger of TV, internet units to cut costs
Companies

Bezeq Telecom eyes merger of TV, internet units to cut costs

  • The process, if completed, will contribute to the subsidiary companies' financial results, through an improvement in sales capability and in retention of subscribers as well through streamlining and reduction of costs estimated at tens of millions of shekels per year.
  • Barclays analyst Tavy Rosner called the potential moves "logical" in that Bezeq can "deliver further savings through further redundancies and streamlining."
Published 25 Mar, 2021 08:31pm
South African central bank holds repo rate at 3.5pc
Financial

South African central bank holds repo rate at 3.5pc

  • The Reserve Bank (SARB) has now kept rates on hold at its last four meetings, resisting pressure to match rate hikes by other emerging market central banks.
  • South Africa's consumer inflation rate slowed to 2.9% in February, a touch below consensus, its lowest in eight months and below the central bank's target range of between 3% and 6%
Published 25 Mar, 2021 08:31pm
EU to further study blood clot cases linked to AstraZeneca's COVID-19 vaccine
Europe

EU to further study blood clot cases linked to AstraZeneca's COVID-19 vaccine

  • External medical experts and two public representatives are expected to give their views on possible reasons for the clots, how they are occurring and other possible risks, the European Medicines Agency said.
  • The EMA and World Health Organization backed the vaccine's safety last week, but a poll showed European confidence had taken a hit after at least 17 countries suspended or delayed use following reports of hospitalisations with clotting issues and bleeding.
Published 25 Mar, 2021 08:25pm
Merkel: EU joint debt plan must remain 'one-off' instrument
Europe

Merkel: EU joint debt plan must remain 'one-off' instrument

  • German chancellor urges lawmakers to back EU recovery fund.
  • Merkel calls fund 'indispensable' tool to overcome crisis.
  • Bundestag lower house of parliament ratifies legislation.
  • Legal challenges could slow down further ratification.
Published 25 Mar, 2021 08:13pm
OneWeb launches 36 satellites from Russia to extend internet orbit
Europe

OneWeb launches 36 satellites from Russia to extend internet orbit

  • OneWeb said this was the second in a five-launch programme that will enable its connectivity to reach all regions north of 50 degrees latitude by the middle of 2021.
  • "These services will cover the United Kingdom, Alaska, Northern Europe, Greenland, Iceland, the Arctic Seas and Canada, and will be switched on before the end of the year," it said.
Published 25 Mar, 2021 08:10pm
TSX falls as energy stocks track weaker crude
Stocks

TSX falls as energy stocks track weaker crude

  • The energy sector dropped 2.1% as crude prices fell amid a new round of coronavirus restrictions in Europe which revived worries about demand for oil products.
  • Toronto Stock Exchange's S&P/TSX composite index was down 78.03 points, or 0.42%, at 18,550.26.
Published 25 Mar, 2021 08:08pm
Brazil's new sugar season off to a slow start
Commodities

Brazil's new sugar season off to a slow start

  • According to a report by industry group Unica released on Thursday, sugar and ethanol plants processed 1.67 million tonnes of cane in the first two weeks of the month versus 2.95 million tonnes a year earlier.
  • Unica said 21 mills were crushing cane in the period compared to 31 at this time last year. It projects that 54 plants would be operational by the end of the month versus 87 last year.
Published 25 Mar, 2021 08:05pm
Fed to support economy until recovery 'well and truly done,' Clarida says
USA

Fed to support economy until recovery 'well and truly done,' Clarida says

  • It will take some time for economic activity and employment to return to levels that prevailed at the business cycle peak reached last February. We are committed to using our full range of tools to support the economy until the job is well and truly done.
  • The Fed now sees the US unemployment rate falling to 3.5%, roughly where it was before the pandemic, by the end of 2023.
Published 25 Mar, 2021 07:54pm
'Helpless': alarm after India delays vaccines to COVAX programme for poor countries
South Asia

'Helpless': alarm after India delays vaccines to COVAX programme for poor countries

  • UNICEF, a UN agency responsible for distributing vaccines through the global COVAX programme, it expects deliveries of the vaccines to be delayed this month and next.
  • We understand that deliveries of COVID-19 vaccines to lower-income economies participating in the COVAX Facility will likely face delays following a setback in securing export licenses for further doses of COVID-19 vaccines produced by the Serum Institute of India (SII), expected to be shipped in March and April.
Published 25 Mar, 2021 07:52pm
Asif Ali replaces Saud Shakeel in ODI squad
Sports

Asif Ali replaces Saud Shakeel in ODI squad

  • The selection committee, in consultation with the team management, has replaced Saud with Asif Ali, who is already part of the T20I squad for the series in South Africa and Zimbabwe.
  • As Saud is also part of the two-Test squad against Zimbabwe, he will now stay back at the National High Performance Centre to complete his rehabilitation.
Updated 25 Mar, 2021 07:54pm
IGC sees record global grain production in 2021/22 season
Commodities

IGC sees record global grain production in 2021/22 season

  • In its first full assessment for the 2021/22 season, the inter-governmental body projected a balanced market, with stocks at the end of the period seen at 609 million tonnes, unchanged from a year earlier.
  • An expected drop in wheat production in Russia - to 76.9 million tonnes versus 85.4 million - limited the increase in global output.
Published 25 Mar, 2021 07:49pm
Generali lifts Aviva Poland bid in battle with NN
Companies

Generali lifts Aviva Poland bid in battle with NN

  • London-listed insurer Aviva received three binding bids on March 22 for its Polish operations, with NN submitting the highest offer, which valued the unit at about 2.5 billion euros, the sources said, speaking on condition of anonymity.
  • German insurer Allianz and Generali - which have existing operations in Poland - were given a final chance this week to improve their bids, the sources added.
Published 25 Mar, 2021 07:41pm
Argentine farmers have sold 12.45mn tonnes of 2020/21 soybeans
Commodities

Argentine farmers have sold 12.45mn tonnes of 2020/21 soybeans

  • The soybean harvest for the current campaign is expected to be around 44 million tonnes, according to the Buenos Aires grains exchange, hit by late-season drought.
  • Sales of wheat have hit 11.33 million tonnes, almost a third less versus last season's pace, the ministry said. The government estimates the 2020/21 wheat harvest at 17.6 million tonnes.
Published 25 Mar, 2021 07:38pm
Nigeria's parliament could pass oil reform bill in April
Africa

Nigeria's parliament could pass oil reform bill in April

  • "The National Assembly has expressed the intent to pass the PIB bill in April 2021," said Timipre Sylva, speaking to reporters in the capital Abuja.
  • The bill would change the structure of state oil company NNPC, amend oil and gas taxes and revenue-sharing and create new regulatory bodies, among other things, to make Nigeria's oil sector more dynamic and efficient.
Published 25 Mar, 2021 07:36pm
Canada's top court upholds pillar of Trudeau's plan to fight climate change
USA

Canada's top court upholds pillar of Trudeau's plan to fight climate change

  • Noting that climate change is a threat to the country as a whole, the country's top court upheld the legality of the Greenhouse Gas Pollution Pricing Act, which had been challenged by the provinces of Alberta, Saskatchewan and Ontario.
  • "Parliament has jurisdiction to enact this law as a matter of national concern," Chief Justice Richard Wagner wrote in the ruling.
Updated 25 Mar, 2021 07:34pm
UK offers tax relief to more companies with 1.5bn-pound plan
Europe

UK offers tax relief to more companies with 1.5bn-pound plan

  • The move comes on top of the 16 billion pounds in business rates relief already paid to or earmarked for retail, hospitality and leisure businesses.
  • By providing more targeted support than the business rates appeals system, our approach will help protect and support jobs in businesses across the country.
Updated 25 Mar, 2021 07:31pm
Thailand approves Johnson & Johnson's COVID-19 vaccine
South Asia

Thailand approves Johnson & Johnson's COVID-19 vaccine

  • Anutin Charnvirankul told reporters the Food and Drug Administration (FDA) had approved the vaccine, in addition to those of AstraZeneca and Sinovac Biotech, which have already been administered in the country.
  • J&J's vaccine is called COVID Vaccine Janssen after the J&J unit that developed it.
Published 25 Mar, 2021 07:06pm
UK PM Johnson says wants openness on EU vaccine trade
Europe

UK PM Johnson says wants openness on EU vaccine trade

  • "One thing I would say is that we're on the side of openness. That's where we are. I don't want to see blockades of vaccines or medicines, I don't think that's the way forward either for us or any of our friends," Johnson said in a pooled interview for broadcasters.
  • He also denied a report that he said capitalism and greed gave Britain its success in vaccinating its population.
Published 25 Mar, 2021 07:05pm
Last minutes note: Turkey rate hike meant as volatility buffer
Money & Banking

Last minutes note: Turkey rate hike meant as volatility buffer

  • The bank hiked its policy rate by a more than expected 200 basis points on Thursday last week.
  • Two days later, President Tayyip Erdogan replaced the hawkish Agbal with a like-minded critic of high rates, Sahap Kavcioglu, in a shock move that sparked abrupt selloffs in the lira and Turkish assets.
Published 25 Mar, 2021 07:01pm
Russia preparing export taxes on sunflower seeds, sunoil
Commodities

Russia preparing export taxes on sunflower seeds, sunoil

  • Russia has imposed several export taxes for grain, sunseeds among other measures since December in its battle to tame rising food inflation amid the pandemic.
  • As to chicken meat and eggs, the agriculture ministry regulates (the situation) in a soft negotiation mode and through voluntary commitments with poultry producers
Published 25 Mar, 2021 06:57pm
Russia's inflation may slow to 4pc target by year-end
Europe

Russia's inflation may slow to 4pc target by year-end

  • An increase in the inflation reading, which was driven by a depreciation of the rouble, prompted the central bank to raise rates this month.
  • The central bank is now expected to tighten its monetary policy further later this year to rein in a rise in consumer prices.
Published 25 Mar, 2021 06:55pm
Euro zone bond yields edge lower, pandemic concerns weigh
Financial

Euro zone bond yields edge lower, pandemic concerns weigh

  • The number of new confirmed coronavirus cases in Germany rose the most since Jan. 9, while the number of people with COVID-19 in French intensive care units set a high for 2021.
  • US Treasury yields were flat in London trading after dipping on Wednesday, when the Treasury saw average demand at an auction of five-year notes.
Published 25 Mar, 2021 06:46pm
PetroChina expects its carbon emissions to peak around 2025
Companies

PetroChina expects its carbon emissions to peak around 2025

  • Spending on greener products including wind, solar, geothermal and hydrogen power will expand "significantly year on year," Dai said, without giving detail.
  • He said the next five-to-10 years would be "the window for energy transitions" and the company was working on precise timelines.
Published 25 Mar, 2021 06:40pm
Gold hub UAE toughens fight against financial crime
Middle East

Gold hub UAE toughens fight against financial crime

  • Through the adoption of these technical controls, the Executive Office hopes to strengthen the UAE's efforts to curb illicit flows of funds, promote asset recovery, and combat all forms of transnational financial crime.
  • The UAE in December declared its support for an initiative by the LBMA to improve regulation on matters such as money laundering and unethical sourcing of gold.
Published 25 Mar, 2021 06:37pm
Eriksen describes 'hectic' days amid Denmark uncertainty
Sports

Eriksen describes 'hectic' days amid Denmark uncertainty

  • The Danes take on Israel in their first qualification match for the 2022 Qatar World Cup on Thursday, before facing Moldova on Sunday and Austria next week.
  • "They were very hectic days," Eriksen told a news conference ahead of Denmark's game against Israel. "Before the weekend it was practically a no, then we started getting closer to the weekend and it became more and more a yes.
Published 25 Mar, 2021 06:35pm
EU forecasts higher wheat crop, exports in 2021/22
Commodities

EU forecasts higher wheat crop, exports in 2021/22

  • In grain supply and demand data, the Commission also projected that EU exports of common wheat, or soft wheat, would reach 30.0 million tonnes next season compared with 27.0 million expected in the current 2020/21 season that ends on June 30.
Published 25 Mar, 2021 06:31pm
UK public inflation expectations cool again in March
Europe

UK public inflation expectations cool again in March

  • Economists from Citi said improvements in the economic outlook appeared to be reducing fears of high inflation and uncertainty among members of the public.
  • "All of these developments suggest the risks surrounding inflation expectations - and in particular the risk expectations could become de-anchored to the upside - may be beginning to ease," the said.
Published 25 Mar, 2021 06:29pm
FIFA will not take action over Norway's Qatar protest
Sports

FIFA will not take action over Norway's Qatar protest

  • The players marked the start of their quest to qualify for the tournament by protesting against the Gulf state's alleged treatment of workers before kick off in their opening match.
  • "FIFA believes in the freedom of speech, and in the power of football as a force for good," the organisation said in a statement.
Published 25 Mar, 2021 06:22pm
US ambassador tells Lebanese leaders it is time to form government
Middle East

US ambassador tells Lebanese leaders it is time to form government

  • "Now that we are almost eight months without a fully-empowered government, isn't now the time to let go of those demands? To begin compromising?" US ambassador Dorothy Shea said after meeting Lebanese President Michel Aoun.
  • "Right now, there is a need for courageous leaders, who are ready to put aside their partisan differences and work together to rescue the country from the multiple crises and self-inflected wounds it is facing," Shea said.
Published 25 Mar, 2021 06:19pm
French COVID-19 vaccine vial maker SGD Pharma up for sale
Companies

French COVID-19 vaccine vial maker SGD Pharma up for sale

  • Its owner, China Jianyin Investment (JIC), has asked Bank of America to look for a potential buyer of the business, which has core earnings of about 100 million euros and could be valued at 10-12 times that, they said.
  • The business is being marketed to buyout firms including PAI, Ardian, Eurazeo, CVC and Cinven, the people said, adding that first-round offers were expected next month.
Published 25 Mar, 2021 06:09pm
Italy youth international Guerini dies in car crash aged 19
Sports

Italy youth international Guerini dies in car crash aged 19

  • Guerini had spells with Fiorentina, Torino and SPAL before re-joining Lazio, the club where the youngster started his career, in January. He played for the Rome club's youth team.
  • "Still incredulous and shocked by pain, the President, the men and women of the Lazio Sports Club gather around the family of the young Daniel Guerini," Lazio tweeted.
Published 25 Mar, 2021 06:03pm
Aussie Rules match falls short of post-COVID crowd record
South Asia

Aussie Rules match falls short of post-COVID crowd record

  • Authorities in Australia's southern state of Victoria, of which Melbourne is the capital, on Tuesday lifted a cap on crowds at sporting events to 75% from 50% of stadium capacity after declaring the state officially COVID-free.
  • The crowd was the biggest for a sporting fixture in the southern hemisphere since the shutdown of sport caused by the pandemic last year, bettering the 49,218 who turned out at the MCG last week for Carlton's match against Richmond.
Published 25 Mar, 2021 05:59pm
Shrinking Spaces
Perspectives

Shrinking Spaces

Despite its significance role in the social development landscape, the nonprofits across the globe have been...
Published 25 Mar, 2021 06:04pm
NatWest's Ulster Bank fined record 38mn euros for mortgage overcharging
Money & Banking

NatWest's Ulster Bank fined record 38mn euros for mortgage overcharging

  • Additional failings that contributed to Ulster Bank's larger fine included what the central bank said was a deliberate strategy to seek to entice customers to convert their tracker rates to fixed rates during 2008.
  • Our investigation identified the numerous opportunities that UBID (Ulster Bank Ireland DAC) had to do right by its customers and the efforts that UBID went to in order to evade its obligations.
Published 25 Mar, 2021 05:52pm
UAE's ADNOC deepens supply cuts to Asia in June in 'fragile' market
Companies

UAE's ADNOC deepens supply cuts to Asia in June in 'fragile' market

  • The supply reduction will apply to the four grades of crude that ADNOC sells to Asia, namely Murban, Das, Umm Lulu and Upper Zakum, they said.
  • "Allocated volumes of Murban are in line with the figures reported in the ADNOC Onshore 'Murban Export Availability Forecast Report'," he added.
Published 25 Mar, 2021 05:50pm
Amazon calls on India not to alter e-commerce investment rules
Companies

Amazon calls on India not to alter e-commerce investment rules

  • New Delhi has been considering revising e-commerce foreign investment rules for weeks. The last time they were changed, in 2018, it forced Amazon and Flipkart to rework their business structures and soured trade relations between India and the United States.
  • Amazon has said it "does not give preferential treatment to any seller on its marketplace," and that it "treats all sellers in a fair, transparent, and non-discriminatory manner".
Published 25 Mar, 2021 05:42pm
UK gives Facebook, Giphy five days to address competition concerns
Europe

UK gives Facebook, Giphy five days to address competition concerns

  • The UK's Competition and Markets Authority began an initial investigation in January at a time when the US-based social media network firm was under global regulatory scrutiny over antitrust concerns.
  • The company had said that Giphy's integrations with other social platforms like Twitter Snapchat and ByteDance's TikTok would not change.
Published 25 Mar, 2021 05:38pm
Wawrinka faces spell out after having foot surgery
Sports

Wawrinka faces spell out after having foot surgery

  • "After having some problems in my left foot for a while, I have decided to do a small procedure on it," Wawrinka said in a tweet accompanied by a picture of him on a hospital bed.
  • "Everything went well. I will be out for a few weeks but can't wait to start practising again soon."
Published 25 Mar, 2021 05:36pm
Balochistan govt approves universal health insurance policy
Pakistan

Balochistan govt approves universal health insurance policy

  • “Government Balochistan approves a universal health insurance policy for all the people of Balochistan.”
  • “This shall be a very comprehensive policy which shall inshallah benefit all the people of the province and bring revolutionary health care,” the Chief Minister said.
Updated 25 Mar, 2021 05:34pm
Polish zloty eases on surging COVID-19 cases, stocks mixed
Forex

Polish zloty eases on surging COVID-19 cases, stocks mixed

  • "We think that the (bank's) view has remained relatively unchanged and that it will continue to look for an opportunity to start normalising its monetary policy," Morgan Stanley said.
  • "We maintain our view that the MPC will start seeing higher chances of a rate hike only in 3Q21."
Published 25 Mar, 2021 05:30pm
Russian rouble recovers from 2021 low vs dollar
Forex

Russian rouble recovers from 2021 low vs dollar

  • The rouble was 0.9% stronger against the dollar at 75.87, heading away from 76.98, its weakest since mid-November, hit on Wednesday. It gained 0.9% to trade at 89.61 versus the euro.
  • "The spotlight will be on the EU leaders' summit, where the EU's relationship with Russia is on the agenda," Sberbank CIB said in a note.
Published 25 Mar, 2021 05:29pm
Indian shares fall over 1pc as surging COVID-19 cases renew growth worries
Stocks

Indian shares fall over 1pc as surging COVID-19 cases renew growth worries

  • The blue-chip NSE Nifty 50 index and the benchmark S&P BSE Sensex each fell 1.5% to 14,324.90 and 48,440.12, respectively. The indexes had dropped nearly 2% in the previous session.
  • "The uncertainty will persist over the next few months, until the vaccines become available in India for all adults."
Published 25 Mar, 2021 05:13pm
Pakistan stars recall the 1992 World Cup glory
Sports

Pakistan stars recall the 1992 World Cup glory

  • Misbah-ul-Haq, Mohammad Hafeez, Nida Dar, Sarfaraz Ahmed and Younis Khan reflect on the impact of Melbourne win on their careers .
  • World Cup winners Aamer Sohail, Aqib Javed and Mushtaq Ahmed share the champions mind-set with current members of the national teams.
Published 25 Mar, 2021 04:19pm
Biden aims to "absolutely" run for a second term, despite age: Reports
USA

Biden aims to "absolutely" run for a second term, despite age: Reports

  • President Joe Biden looks likely to run for a second term, despite his age and his image of a "transitional president" to bring the Democratic Party back in power.
  • Despite being the oldest President in American history at the age of 78, Biden would be 82 when running for his second term.
Updated 25 Mar, 2021 03:56pm
Saudi official denies threat to harm UN Khashoggi investigator
Middle East

Saudi official denies threat to harm UN Khashoggi investigator

  • A senior Saudi official denied on Thursday he had threatened to harm the human rights expert who led the U.N. investigation into the murder of journalist Jamal Khashoggi, after the United Nations confirmed the expert’s account of the threat.
  • She has called for sanctions against Prince Mohammed over the killing of Khashoggi. The prince denies any involvement but has said he bears ultimate responsibility as it happened under his watch.
Published 25 Mar, 2021 03:14pm
European stocks slip as lockdowns cloud growth outlook
Stocks

European stocks slip as lockdowns cloud growth outlook

  • Global sentiment took a hit after a selloff in Chinese technology shares on worries that they will be de-listed from US bourses, while the number of coronavirus cases in Germany saw the biggest increase since Jan. 9.
Published 25 Mar, 2021 02:18pm
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