News Archives for Latest - 2023-06-29

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Archive - 2023-06-29

USA

US Supreme Court bans the use of race in university admissions

WASHINGTON: The US Supreme Court on Thursday banned the use of race and ethnicity in university admissions, dealing ...

Updated 30 Jun, 2023 10:06am

Pakistan

PM, COAS celebrate Eid ul Azha with soldiers in Parachinar

Premier reiterates resolve that miscreants, terrorists, and their abettors will find no place to hide

Updated 30 Jun, 2023 10:06am

Money & Banking

We are still monitoring the banks' situation very carefully: Fed's Powell

MADRID: The US Federal Reserve is still monitoring the situation in the banking industry “very carefully” to address...

Updated 30 Jun, 2023 10:05am

Europe

France urges calm as dozens arrested after police shooting

PARIS: President Emmanuel Macron on Thursday urged calm after 150 people were arrested and public buildings attacked...

Updated 30 Jun, 2023 10:04am

World

2,000 Hajj pilgrims hit by heat stress: Saudi officials

MAKKAH: More than 2,000 pilgrims have suffered heat stress during the Hajj pilgrimage, Saudi officials said ...

Updated 30 Jun, 2023 10:04am

Pakistan

PM urges nation to remember flood victims while celebrating Eid

Says he is cognizant that Pakistan is facing price hike which was triggered by external issues

Updated 30 Jun, 2023 10:01am

USA

Guard, gunman die in attack at US consulate in Jeddah: Saudi officials

JEDDAH: A security guard and a gunman were both killed in in an exchange of gunfire in front of the US consulate in...

Updated 30 Jun, 2023 09:59am

World

China's debt relief to poor countries slows amid continuing appeals for support

BEIJING: The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group...

Updated 30 Jun, 2023 09:59am

World

UK says India trade talks discussing business travel, not broader immigration

LONDON: Britain will discuss temporary business visas as part of Free Trade Agreement talks with India but any deal...

Updated 30 Jun, 2023 09:58am

USA

Biden calls on US colleges to consider adversity during admission process

WASHINGTON: President Joe Biden on Thursday urged colleges to take into account challenges that applicants face -...

Published 29 Jun, 2023 10:30pm

Forex

South African rand slips 1% against dollar after PPI

JOHANNESBURG: The South African rand weakened around 1% against a stronger dollar on Thursday after the release of...

Published 29 Jun, 2023 09:34pm

USA

White House's Brainard sees 'every reason' to believe inflation going down

WASHINGTON: U.S. President Joe Biden’s chief economic adviser on Thursday expressed confidence that inflation ...

Published 29 Jun, 2023 09:29pm

Energy

US natgas up 2% on small storage build, higher demand forecast

U.S. natural gas futures climbed about 2% on Thursday on a smaller-than-expected weekly storage build last week and...

Published 29 Jun, 2023 09:19pm

Financial

US yields rise after data reinforces Powell hawkishness

NEW YORK: Treasury yields rose to three-month highs on Thursday after U.S. data solidified the picture of an economy...

Published 29 Jun, 2023 09:11pm

Energy

Oil edges higher on U.S. inventory fall

HOUSTON: Oil prices edged higher on Thursday, buoyed by a bigger-than-expected fall in U.S. inventories, but fears...

Published 29 Jun, 2023 09:03pm

World

Mike Pence, former US VP and presidential hopeful, visits Ukraine

Former U.S. Vice President Mike Pence, who is running for the Republican nomination in the 2024 presidential...

Published 29 Jun, 2023 08:55pm

Europe

Britain says NATO should consider removing MAP hurdle to Ukraine's membership

LONDON: NATO should look at skipping the requirement for Ukraine's Membership Action Plan (MAP) as part of its...

Published 29 Jun, 2023 08:40pm

Stocks

US stocks open flat after GDP boost

NEW YORK: US stocks opened broadly flat Thursday, continuing a lackluster display despite a significant upgrade to...

Published 29 Jun, 2023 08:21pm

Europe

EU leaders push to fund Ukraine with proceeds from Russia's frozen assets

BRUSSELS: European Union leaders will push senior officials on Thursday to find legal ways to funnel proceeds from...

Published 29 Jun, 2023 07:53pm

Europe

Ukraine conducts disaster response drills near Zaporizhzhia nuclear plant

KYIV: Ukraine began nuclear disaster response drills on Thursday in the vicinity of the Russian-occupied ...

Published 29 Jun, 2023 07:48pm

Commodities

South Korea’s MFG buys 68,000 tonnes corn in private deal

HAMBURG: South Korea's Major Feedmill Group (MFG) purchased an estimated 68,000 metric tons of animal feed corn...

Published 29 Jun, 2023 07:17pm

Europe

Brazil's Lula says inflation targets too 'rigid'

SAO PAULO: Brazilian President Luiz Inacio Lula da Silva said on Thursday the country's inflation targets were...

Published 29 Jun, 2023 06:47pm

Europe

Neutral EU states object to safety assurances for Ukraine, Austria says

BRUSSELS: EU countries with a neutral stance object to giving Ukraine outright security assurances, Austrian...

Published 29 Jun, 2023 06:33pm

Europe

Ukraine tells NATO 'time for clarity' on membership

KYIV: Kyiv said Thursday the time had come for NATO to clarify its stance on war-torn Ukraine's membership, ahead of...

Updated 29 Jun, 2023 06:27pm

Stocks

H&M shares jump 17% as summer collection boosts profit

STOCKHOLM: Fashion retailer H&M's shares jumped 17% on Thursday after its second-quarter profit beat estimates ...

Published 29 Jun, 2023 06:24pm

Money & Banking

Fed's Bostic says rates will probably rise if inflation moves away from target

DUBLIN: The Federal Reserve will have to increase rates if prices growth moves away from target or inflation...

Published 29 Jun, 2023 05:57pm

South Asia

Rahul Gandhi's convoy stopped by Indian police in Manipur, teargas fired

GUWAHATI: Indian opposition leader Rahul Gandhi was stopped by local police on Thursday and teargas fired near his...

Published 29 Jun, 2023 05:48pm

Forex

Dollar holds near 7-month high vs yen on policy split; Swedish crown record low

LONDON: The U.S. dollar touched a more than seven-month high against the Japanese yen on Thursday after their...

Published 29 Jun, 2023 05:41pm

Financial

Euro zone bond yields tick up, inflation data in focus

LONDON: Euro zone bond yields rose on Thursday as headline inflation data from several European markets came in...

Published 29 Jun, 2023 05:33pm

Commodities

Indian export rates hit five-year high on thin supplies

Top rice exporter India's rates hit a five-year peak this week on thin supplies and the government's move to raise...

Published 29 Jun, 2023 05:24pm

Europe

Russia's Prigozhin was told he would no longer fight in Ukraine: lawmaker

MOSCOW: Russian mercenary chief Yevgeny Prigozhin was told that his Wagner group would no longer fight in Ukraine as...

Published 29 Jun, 2023 05:10pm

Stocks

TSX futures flat on rate hike jitters, lower copper prices

Futures for Canada's resource-heavy main stock index were subdued on Thursday as concerns over rising interest rates...

Published 29 Jun, 2023 05:00pm

World

Russia claims killed two Ukraine generals in Kramatorsk strike

MOSCOW: Russia on Thursday claimed its forces had killed two Ukrainian generals and "up to 50 officers" in a strike...

Published 29 Jun, 2023 04:46pm

Europe

'Weaker Putin is a greater danger': EU's Borrell

BRUSSELS: The EU's top diplomat warned Thursday that a "weaker" Russian President Vladimir Putin would pose a...

Published 29 Jun, 2023 04:39pm

Forex

Sterling licks its wounds after previous day’s mauling

LONDON: Sterling was struggling on Thursday to recover from a sharp tumble the day before, its biggest daily drop in...

Published 29 Jun, 2023 03:46pm

Europe

EU chief says bloc needs reforms to take in Ukraine

BRUSSELS: The EU needs an internal debate on reforms before the bloc can accept Ukraine – a major agricultural...

Published 29 Jun, 2023 03:42pm

Shares transactions of listed cos: Procedure of capital gain on disposal of securities to remain applicable

ISLAMABAD: The procedure of capital gain on disposal of securities will remain applicable on transactions of shares...

Updated 29 Jun, 2023 03:25pm

LHC asks SNGPL CEO to resume office, assails board

LAHORE: The Lahore High Court (LHC) allowing a petition of Chief Executive Officer of Sui Northern Gas Pipelines...

Updated 29 Jun, 2023 03:24pm

Number of income tax return filers crosses 4m mark

ISLAMABAD: The latest number of income tax return filers as per the Active Taxpayers List (ATL) now stands at over 4...

Updated 29 Jun, 2023 03:24pm

Petrol price: relief likely

ISLAMABAD: Consumers may get a relief of Rs6.50 per litre on account of cut in price of petrol effective from July...

Updated 29 Jun, 2023 03:24pm

Clearing liabilities of CPEC IPPs: ECC relaxes conditions to allow use of Rs21bn as advance payment

ISLAMABAD: The Economic Coordination Committee (ECC) has relaxed conditions to allow use of Rs20.726 billion as...

Updated 29 Jun, 2023 03:23pm

Energy

Oil prices fall on concerns of slow fuel demand, weak China data

TOKYO: Oil prices fell on Thursday, paring some of the previous day’s gains, as investors took profits on concerns...

Updated 29 Jun, 2023 03:22pm

Money & Banking

All major US banks pass Fed’s annual stress test

WASHINGTON: All major banks in the United States have passed the Federal Reserve’s annual stress test, designed to...

Updated 29 Jun, 2023 03:22pm

‘Charter of economy’: Nawaz, Zardari take major step towards ‘goal’?

DUBAI: The coalition partners in the centre Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP)...

Updated 29 Jun, 2023 03:21pm

Construction of bonded warehouses: Policy introduced to facilitate foreign oil firms

LAHORE: Minister of State for Petroleum Dr Musadik Malik said on Wednesday that government had introduced a new...

Updated 29 Jun, 2023 03:21pm

PM constitutes Dar-led body: Beleaguered PIA comes under sharp focus

PM says PIA will only progress if administrative experts run it professionally

Updated 29 Jun, 2023 03:21pm

Europe

Ukraine claims slow gains in ‘fierce’ Bakhmut battles

KYIV: Kyiv said Thursday that its forces were making slow gains around Bakhmut and were engaging in “fierce”...

Published 29 Jun, 2023 02:59pm

Forex

Rouble hits 15-month low past 87 vs dollar on political risk concerns

The Russian rouble weakened past 87 against the dollar to a 15-month low on Thursday, hampered by domestic political...

Published 29 Jun, 2023 02:49pm

Commodities

Gold hits over 3-month low on central banks’ hawkish tone

Gold prices touched a more than three-month low on Thursday, falling for a third straight session, as top central...

Updated 29 Jun, 2023 01:20pm

Stocks

UK’s FTSE 100 opens slightly lower on cenbanks’ hawkish tone; Serco gains

UK’s FTSE 100 opened marginally lower on Thursday, as markets struggled for direction after top central bankers...

Published 29 Jun, 2023 01:06pm

Commodities

Copper slides on strong dollar, weak data from China

Copper prices declined on Thursday as weak data from top metals consumer China weighed on the demand outlook, while...

Published 29 Jun, 2023 01:04pm

Stocks

Japan’s Nikkei extends gains as softer yen lifts exporters

TOKYO: Japan’s Nikkei share gauge extended gains for a second session on Thursday as a weaker yen boosted exporters,...

Published 29 Jun, 2023 12:33pm

Stocks

Australian shares close flat as retail sales data lifts rate-hike bets

Australian shares settled largely unchanged on Thursday after trading in a tight range for most of the session, as...

Published 29 Jun, 2023 12:28pm

Asia

Yellen hopes to visit China to ‘re-establish contact’ with leaders

WASHINGTON: US Treasury Secretary Janet Yellen said in an interview that aired Wednesday she hopes to travel to...

Published 29 Jun, 2023 11:47am

Forex

Australia, NZ dollars scramble for support as sellers pile in

SYDNEY: The Australian and New Zealand dollars were scrambling to find support on Thursday after a wave of selling...

Published 29 Jun, 2023 11:35am

Forex

Asian currencies edge lower as dollar jumps on hawkish Fed

Most Asian currencies fell on Thursday on the back of a firm dollar, led by the South Korean won and the Philippine...

Published 29 Jun, 2023 11:28am

Commodities

Chicago corn rebounds ahead of USDA sales, stocks reports

Chicago corn futures rebounded in Asian trading on Thursday after two sessions of sharp losses, with traders...

Published 29 Jun, 2023 11:21am

Cricket

Tongue hails ‘hero’ Bairstow for saving Lord’s pitch from protesters

LONDON: England’s Josh Tongue labelled Jonny Bairstow a “hero” for protecting the Lord’s pitch after the...

Published 29 Jun, 2023 11:02am

Sports

Gauff on cruise control at Eastbourne

EASTBOURNE: World number seven Coco Gauff powered into the Eastbourne quarter-finals with a 6-1, 6-1 rout of...

Published 29 Jun, 2023 10:56am

Sports

Swiatek cruises past Teichmann at Wimbledon warm-up Bad Homburg

BERLIN: World number one Iga Swiatek showed her resourcefulness under pressure as she beat Jil Teichmann 6-3, 6-1 in...

Published 29 Jun, 2023 10:53am

Europe

Turkey to hold NATO talks with Sweden next Thursday

BRUSSELS: The top diplomats from Turkey and Sweden will meet at NATO headquarters next Thursday for talks on...

Published 29 Jun, 2023 10:19am

Sports

Tsitsipas crashes out of Mallorca Open ahead of Wimbledon

BARCELONA: World number five Stefanos Tsitsipas crashed out of the Mallorca Open on Wednesday in his first match...

Published 29 Jun, 2023 10:13am

Movies & Music

Madonna hospitalized for several days, tour postponed

NEW YORK: Madonna is recovering after falling ill with a “serious bacterial infection” that landed her in an...

Published 29 Jun, 2023 10:10am

Europe

Zelensky’s ‘leadership’ honoured with top UK award

LONDON: Ukraine’s President Volodymyr Zelensky has been awarded a prestigious UK prize for his leadership and...

Published 29 Jun, 2023 10:01am

Stocks

Most markets rise as traders weigh central bank rate plans

HONG KONG: Most markets rose in Asia on Thursday, building on the previous day’s advances, even after central bank...

Published 29 Jun, 2023 09:57am

Football

Ferreira hat-trick as USA hit six, Jamaica crush Trinidad

MIAMI: Jesus Ferreira struck a hat trick as the United States crushed St. Kitts and Nevis 6-0 in the CONCACAF Gold...

Published 29 Jun, 2023 09:55am

South Asia

Sri Lanka unveils debt restructure plan to tackle economic crisis

COLOMBO: Sri Lanka’s central bank on Thursday unveiled a far-reaching domestic debt restructuring plan aimed at...

Published 29 Jun, 2023 09:50am

Forex

Dollar near 7-1/2-month high versus yen as central bankers reaffirm policy divergence

TOKYO: The U.S. dollar hovered near a 7-1/2-month high against the Japanese yen after the heads of the respective...

Published 29 Jun, 2023 09:37am

South Asia

Indian state-owned firm to sign lithium pact with Argentina: source

NEW DELHI: India’s KABIL, a state-owned joint venture formed to scout for minerals overseas, will “shortly” sign an...

Published 29 Jun, 2023 09:34am

Asia

Japan, South Korea to discuss FX swap deal in first finance talks since 2016

TOKYO: Japan and South Korea will hold their first bilateral finance dialogue in seven years on Thursday, with both...

Published 29 Jun, 2023 09:19am

Senate chief’s perks: Sanjrani defends controversial bill

ISLAMABAD: Senate Chairman Sadiq Sanjrani has presented himself for accountability after resigning from his office...

Updated 29 Jun, 2023 09:13am

‘Appointment of ineligible person’: LHC issues notices to PM, others

ISLAMABAD: Lahore High Court (LHC) has issued notices to Prime Minister Shehbaz Sharif, Secretaries Establishment...

Updated 29 Jun, 2023 09:12am

Europe

EU leaders to debate Russia mutiny, pledge support for Ukraine

BRUSSELS: European Union leaders will on Thursday debate the repercussions of the aborted mutiny in Russia as they...

Published 29 Jun, 2023 09:12am

Eid-ul-Azha today

LAHORE: Eid-ul-Azha will be celebrated with religious fervour on Thursday (today) to commemorate the great sacrifice...

Updated 29 Jun, 2023 09:11am

Forex

China’s yuan eases despite firmer-than-expected guidance fix

SHANGHAI/SINGAPORE: China’s yuan eased against the dollar on Thursday, despite the central bank setting the daily...

Published 29 Jun, 2023 09:08am

BR’s refresher: your morning briefing for the day

Important updates from June 28, 2023

Published 29 Jun, 2023 09:05am

World

Prigozhin aimed to capture Russian generals: report

WASHINGTON: Wagner army chief Yevgeny Prigozhin aimed to detain the heads of the Russian military in last week’s...