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Archive - 2021-04-24
EU says Moldova MPs' vote to sack judge is an attack on constitution
Europe

EU says Moldova MPs' vote to sack judge is an attack on constitution

  • The issue underlines the tension between Sandu, who came to office in November on a pro-EU ticket, and a parliament dominated by lawmakers aligned with her pro-Russian predecessor.
  • Sandu wants an election to get more of her supporters into parliament to fight corruption and overcome what she calls obstruction by the existing assembly.
Published 24 Apr, 2021 06:03pm
German prosecutors charge more VW managers in emissions scandal
Companies

German prosecutors charge more VW managers in emissions scandal

  • The suspects are accused of aiding and abetting fraud in combination with tax evasion, indirect false certification and criminal advertising, said Klaus Ziehe from the prosecutor's office in the northern city of Braunschweig.
  • The scandal saw more than nine million vehicles of the VW, Audi, Seat and Skoda brands sold to consumers with a so-called defeat device which helped to circumvent environmental tests of diesel engines.
Published 24 Apr, 2021 06:05pm
South Korea signs with Pfizer for additional 40mn COVID-19 vaccine doses
Companies

South Korea signs with Pfizer for additional 40mn COVID-19 vaccine doses

  • It added that it had secured a total 192 million doses of vaccines, including those from Moderna Inc, AstraZeneca PLC, Johnson & Johnson's and Novavax.
  • "The government has acquired COVID-19 vaccines large enough to vaccinate approximately 100 million people...(which) is double the entire population of South Korea," Health Minister Kwon Deok-cheol told a briefing.
Published 24 Apr, 2021 05:58pm
Merkel urges Germans to stick to coronavirus rules
Europe

Merkel urges Germans to stick to coronavirus rules

  • Merkel drew up the law after some of the 16 federal states refused to implement tougher measures despite a surge in COVID-19 cases and in defiance of a lockdown agreement reached in March.
  • "This is something new in our fight against the pandemic. And I am convinced that it's urgently needed," Merkel said in her weekly video podcast.
Published 24 Apr, 2021 05:56pm
Malaysia receives first batch of AstraZeneca COVID-19 vaccines
South Asia

Malaysia receives first batch of AstraZeneca COVID-19 vaccines

  • "The COVAX facility sent the vaccine from South Korea, and we will keep it at the designated storage centre," he told reporters, according to Bernama.
  • "Our view is that the AstraZeneca vaccine is beneficial for use by certain groups...(we) need to have more brands of vaccine as some people may be compatible with this vaccine," he said.
Published 24 Apr, 2021 05:53pm
Turkey detains four in Vebitcoin investigation
Europe

Turkey detains four in Vebitcoin investigation

  • "Four administrators and personnel of the company were detained on Saturday on allegations of fraud," Mehmet Nadir Yagci, a prosecutor in the southwestern city of Mugla said in a statement.
  • Vebitcoin announced on Friday that it had stopped all activities "in order to fulfil all regulations and claims".
Published 24 Apr, 2021 05:53pm
Merkel urges Germans to stick to stricter coronavirus rules
Europe

Merkel urges Germans to stick to stricter coronavirus rules

  • Both chambers of parliament approved the amendments to the Infection Protection Act earlier this week to give the federal government more powers to fight the third wave in the pandemic.
  • Merkel drew up the law after some of the 16 federal states refused to implement tougher measures despite a surge in COVID-19 cases and in defiance of a lockdown agreement reached in March.
Published 24 Apr, 2021 05:49pm
'The clubs cannot leave' - Real Madrid president insists Super League will return
Sports

'The clubs cannot leave' - Real Madrid president insists Super League will return

  • Perez was one of the leading figures in the breakaway competition, which was unveiled last Sunday only to fall apart within days when all six English clubs involved withdrew and others followed.
  • "I don't need to explain what a binding contract is but effectively, the clubs cannot leave," Perez told Spanish newspaper AS on Saturday.
Published 24 Apr, 2021 05:45pm
Indian hospitals turn away patients in COVID-19 'tsunami'
South Asia

Indian hospitals turn away patients in COVID-19 'tsunami'

  • Max Healthcare, which runs a network of hospitals in north India, tweeted that it had less than two hours of oxygen left while Fortis Healthcare, another big chain, said it was suspending new admissions in Delhi.
  • India is in the grip of a rampaging second wave of the pandemic, hitting a rate of one COVID-19 death in just under every four minutes in Delhi as the capital's underfunded health system buckles.
Published 24 Apr, 2021 05:43pm
EU rejects Russian decision to label media outlet Meduza as 'foreign agent'
Europe

EU rejects Russian decision to label media outlet Meduza as 'foreign agent'

  • The designation issued on Friday requires Meduza to label itself as such, subjecting it to increased government scrutiny.
  • "We reject the decision by the Russian authorities to include independent media outlet Meduza on the list of 'foreign agents'," a spokesman for EU foreign policy chief Josep Borrell, said in a statement.
Published 24 Apr, 2021 05:39pm
Pirlo says Juventus don't fear European ban after Super League collapse
Sports

Pirlo says Juventus don't fear European ban after Super League collapse

  • The Italian champions were one of 12 clubs to join the breakaway league on Sunday, but it fell apart within three days as eight clubs withdrew following a fierce public backlash.
  • "Agnelli is calm, it is normal that he has been talked about a lot during this period. He brings great enthusiasm every day when he comes to the pitch and we are relaxed," Pirlo told a news conference.
Published 24 Apr, 2021 05:37pm
UK opposition calls for standards commission after PM criticised by former top adviser
Europe

UK opposition calls for standards commission after PM criticised by former top adviser

  • Cummings also said he was not responsible for leaks over the cost of refurbishing Johnson's residence and that the prime minister and his office had fallen below acceptable standards of competence and integrity.
  • Johnson's office in response on Friday said the government had followed the rules over the refurbishment. The prime minister had never interfered in a government leak inquiry, his office added.
Published 24 Apr, 2021 05:35pm
Porsche plans EV battery cells factory in southern Germany
Companies

Porsche plans EV battery cells factory in southern Germany

  • European car manufacturers, who mainly rely on battery suppliers in Asia, are looking to reduce their dependence from abroad in light of a ramp-up in e-cars production to meet tougher environmental rules in the European Union.
  • "Battery cells are a key technology for Germany's automobile industry which we must also have in our own country," Oliver Blume told the newspaper in an interview to be published on Sunday.
Published 24 Apr, 2021 05:31pm
Myanmar agreed to end violence against civilians
South Asia

Myanmar agreed to end violence against civilians

  • He also said the Association of Southeast Asian Nations (ASEAN) meeting was a success, Bernama reported.
  • "We have succeeded. It's beyond our expectation in getting the outcome from today's meeting," Muhyiddin said, according to Bernama.
Published 24 Apr, 2021 05:20pm
South African public sector union prepares for strike as wage talks hit deadlock
Africa

South African public sector union prepares for strike as wage talks hit deadlock

  • In the 2021 budget presented in February, the National Treasury said ways to curb the wage bill could include freezing salaries for the next three years, headcount reductions and changing or abolishing some benefits for civil servants.
  • Those proposals further strained relations with unions, after a court battle over the government's failure to raise salaries last year.
Published 24 Apr, 2021 05:23pm
China to hold talks on building asteroid defence system
South Asia

China to hold talks on building asteroid defence system

  • Zhang Kejian, head of the China National Space Administration, didn't provide any further details in his opening remarks at a ceremony for China's space day in the eastern city of Nanjing.
  • China has made space exploration a top priority in recent years, aiming to establish a programme operating thousands of space flights a year and carrying tens of thousands of tonnes of cargo and passengers by 2045.
Published 24 Apr, 2021 05:20pm
Covid jabs at the ends of the earth
World

Covid jabs at the ends of the earth

  • Japan is best known for its teeming megacities, much of its countryside remains remote and depopulated, making vaccination of its often elderly residents a huge headache.
Published 24 Apr, 2021 05:11pm
Prime Minister Imran Khan expresses solidarity with Covid-hit India

Prime Minister Imran Khan expresses solidarity with Covid-hit India

  • PM Khan took to Twitter to extend his sympathies with the neighboring country where the second wave of coronavirus is running rampant after the Kumbh festival.
  • Before him, several government ministers, including Shah Mahmood Qureshi, and Fawad Chaudhry also showed sympathies with the Indian people.
Updated 24 Apr, 2021 04:23pm
Punjab seeks deployment of Pak Army to enforce Covid SOPs
Pakistan

Punjab seeks deployment of Pak Army to enforce Covid SOPs

  • Punjab is so far the worst-hit province with the third wave of coronavirus, reporting 98 of the 157 total deaths during the last 24 hours.
  • SACM on Information, Dr. Firdous Ashiq Awan, also confirmed the development, saying that the provincial government had submitted a requisition in this regard.
Published 24 Apr, 2021 03:17pm
Turkey, Pakistan, Afghanistan urge Taliban to commit to Afghan peace talks
South Asia

Turkey, Pakistan, Afghanistan urge Taliban to commit to Afghan peace talks

  • The foreign ministers of Turkey, Pakistan and Afghanistan called on the Afghan Taliban on Friday to reaffirm its commitment to achieving a negotiated settlement for lasting peace in Afghanistan.
  • In a joint statement issued after talks in Istanbul, the three ministers underlined “the urgent need for an immediate ceasefire” to end the violence and “provide a conducive atmosphere” for peace talks.
Published 24 Apr, 2021 10:10am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Friday (April 23, 2021) and the forecast
Published 24 Apr, 2021 03:21am
Ignite CEO visits NICL
Pakistan

Ignite CEO visits NICL

LAHORE: CEO Ignite, Asim Shahryar Husain, visited the National Incubation Center at LUMS, Lahore (NICL), where he...
Published 24 Apr, 2021 03:21am
Is it ECC versus EAC?
Letters

Is it ECC versus EAC?

This is apropos a Business Recorder news item “Economic body asked to provide clear road maps” carried by the...
Published 24 Apr, 2021 03:21am
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 24 Apr, 2021 03:21am
EFU AGGRESSIVE FUND RATES
Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (April 23, 2021). ======================== Offer Price 1,502.9892 ...
Published 24 Apr, 2021 03:21am
BOARD MEETINGS
Rates.PSX

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 24 Apr, 2021 03:21am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 10.430...
Published 24 Apr, 2021 03:21am
Palladium soars in Europe
Commodities

Palladium soars in Europe

AMSTERDAM/LONDON: Palladium extended its blistering rally to an all-time high within striking distance of $3,000 on...
Published 24 Apr, 2021 03:21am
Palm oil futures down
Commodities

Palm oil futures down

KUALA LUMPUR/SINGAPORE: Malaysian palm oil futures fell on Friday, snapping three straight sessions of gains, after...
Published 24 Apr, 2021 03:21am
Oil prices surge
Energy

Oil prices surge

NEW YORK: Oil prices rose slightly on Friday as support from European economic recovery countered by concerns about...
Published 24 Apr, 2021 03:21am
Sterling rebounds
Money & Banking

Sterling rebounds

LONDON: Sterling rebounded on Friday from a sharp fall on Thursday, on track for a second week of gains against the...
Published 24 Apr, 2021 03:21am
PTI and poverty reduction
Editorials

PTI and poverty reduction

EDITORIAL: The prime minister has come to the correct conclusion, perhaps a little late in the day, that the success...
Published 24 Apr, 2021 03:21am
Curbs on inbound travellers extended

Curbs on inbound travellers extended

ISLAMABAD: The Civil Aviation Authority (CAA), on Friday, revised and extended the entry restrictions, temporary ...
Published 24 Apr, 2021 03:21am
SPI declines 0.40pc WoW

SPI declines 0.40pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended April 22 recorded a decrease of 0.40 percent due ...
Published 24 Apr, 2021 03:21am
March CA posts $47m deficit YoY

March CA posts $47m deficit YoY

KARACHI: The country’s current account posted a $47 million deficit in March 2021 compared to $50 million surplus...
Published 24 Apr, 2021 03:21am