News Archives for Latest - 2023-08-07

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Archive - 2023-08-07

World

Ukraine says US and German air defence systems 'highly effective'

KYIV: Ukraine is seeing "significant results" from US and German air defence systems, President Volodymyr Zelenskiy...

Published 07 Aug, 2023 11:30pm

Pakistan

At least seven killed in Panjgur blast: Levies sources

Police and rescue officials rush to the scene and start rescue operations

Updated 07 Aug, 2023 11:12pm

World

US aid to Niger worth more than $100mn is paused after takeover: State Dept

WASHINGTON: US aid programs to the government of Niger that have been paused over a military takeover in the country...

Published 07 Aug, 2023 11:01pm

Technology

Nano loan apps: borrowers can now take maximum Rs75,000 from different digital lenders

The loan period for a nano loan through personal loan apps has been restricted to not more than 90 days.

Published 07 Aug, 2023 10:59pm

Europe

Zelenskiy says Russian missiles hit residential building in eastern Ukraine, leave victims

KYIV: Two Russian missile strikes hit a residential building in the eastern Ukrainian city of Pokrovsk in Donetsk...

Published 07 Aug, 2023 10:51pm

Movies & Music

‘Purpose and dedication in playing the bad guy’: Alia Bhatt on ‘Heart of Stone’

Bollywood actor's Netflix movie co-starring Gal Gadot will debut on August 11

Updated 07 Aug, 2023 10:00pm

Asia

China, Russia foreign ministers hail cooperation in call

BEIJING: The foreign ministers of China and Russia hailed the “practical cooperation” between the two global powers...

Published 07 Aug, 2023 09:26pm

Forex

Rupee sees marginal decline, settles at 287.43 against US dollar

Currency depreciates 0.16% in inter-bank market

Updated 07 Aug, 2023 09:15pm

Pakistan

Surge in terrorism 'futile attempt' of militants to reopen negotiations: COAS

Army Staff says the involvement of Afghan nationals in terrorist incidents in Pakistan is detrimental to regional peace and stability

Updated 07 Aug, 2023 08:29pm

Sports

Inzamam-ul-Haq appointed Pakistan’s chief selector for second time

Former captain comes in ahead of a crucial period for the national side

Updated 07 Aug, 2023 08:26pm

Europe

Ukraine says Jeddah talks ‘huge blow’ to Russia, new meeting agreed

KYIV: A senior Ukrainian official said on Monday that the weekend’s talks in Saudi Arabia about the war in Ukraine...

Published 07 Aug, 2023 08:26pm

Stocks

KSE-100 down nearly 200 points after volatile session

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed lower nearly 200 points on Monday after...

Published 07 Aug, 2023 08:25pm

Europe

Russia to launch lunar mission Friday, first in nearly 50 years

MOSCOW: Russia said Monday it plans to launch a lunar lander this week after multiple delays, hoping to return to...

Published 07 Aug, 2023 07:20pm

Stocks

US stocks bounce as traders brace for inflation update

NEW YORK: Wall Street stocks rose early Monday after a gloomy end to the week on a mixed employment report, as...

Published 07 Aug, 2023 07:04pm

Stocks

European stock markets drop on weak data

LONDON: European stock markets retreated Monday on further poor economic data for the region and following a mixed...

Updated 07 Aug, 2023 05:52pm

Europe

Ukraine says 22 of its soldiers freed from captivity

KYIV: Ukraine said Monday that 22 of its soldiers had been freed from Russian captivity, the latest apparent...

Published 07 Aug, 2023 05:49pm

Technology

Govt launches WhatsApp’s alternative called ‘Beep Pakistan’

Federal Minister for Information Technology (IT) Syed Amin Ul Haque on Monday launched ‘Beep Pakistan’, the...

Updated 07 Aug, 2023 05:49pm

Middle East

Iran building collapse death toll rises to five: media

TEHRAN: Five people including two policemen were killed and at least 11 others injured during the collapse of...

Updated 07 Aug, 2023 05:45pm

Europe

Russia says advanced in northeast Ukraine in recent days

MOSCOW: Russia said Monday its troops had advanced three kilometres (two miles) along the Kupiansk front in...

Published 07 Aug, 2023 05:41pm

South Asia

Hindus, Muslims clash in India’s Haryana as trouble spreads

NEW DELHI: Hindus and Muslims have clashed in the Indian state of Haryana a week after violence erupted during a...

Published 07 Aug, 2023 05:25pm

Stocks

RMS Limited intends to acquire majority stake of Baluchistan Wheels: AHL

RMS (Private) Limited, a construction company, has expressed its intention to acquire the majority stake of...

Published 07 Aug, 2023 05:20pm

South Asia

India Supreme Court to monitor investigations into Manipur sexual violence cases

NEW DELHI: India’s Supreme Court said on Monday it will monitor all cases of violence against women committed during...

Published 07 Aug, 2023 05:13pm

Energy

Oil dips after sustained rally bolstered by supply cuts

LONDON: Oil prices edged lower following a protracted rally, helped by top producers Saudi Arabia and Russia...

Updated 07 Aug, 2023 05:06pm

Stocks

Pharma, IT stocks lift Indian shares at the start of data-heavy week

BENGALURU: Indian shares rose on Monday, helped by pharma and information technology (IT) stocks, amid caution in a...

Published 07 Aug, 2023 05:02pm

Stocks

Sri Lanka shares end higher as consumer staples, industrials rise

BENGALURU: Sri Lankan shares closed higher on Monday, aided by gains in industrials and consumer staples stocks. The...

Published 07 Aug, 2023 04:58pm

Commodities

Surplus metal, weak demand prospects weigh on copper

LONDON: Copper prices sank on Monday as the market fretted about surpluses of the industrial metal, rising stocks,...

Published 07 Aug, 2023 04:55pm

Commodities

Palm oil falls to near six-week closing low on higher stock outlook

KUALA LUMPUR: Malaysian palm oil futures extended early losses on Monday, hitting a near six-week closing low on...

Published 07 Aug, 2023 04:50pm

Business & Economy

SIFC to propel Pakistan’s industrial and agriculture growth: PM Shehbaz

Addressing Chinese companies, prime minister says partnership entering new phase as procedures are being simplified and streamlined

Updated 07 Aug, 2023 04:26pm

Pakistan

Hazara Express: investigators scour wreckage after deadly train crash in Pakistan

NAWABSHAH: Investigators scoured the wreckage on Monday of a weekend train derailment that killed at least 34...

Updated 07 Aug, 2023 04:24pm

Pakistan

Imran’s lawyer files plea seeking ‘A-class’ jail facilities for PTI chief

Petition also urges IHC to declare Imran’s detention in Attock Jail 'illegal'

Updated 07 Aug, 2023 03:58pm

Movies & Music

‘Barbie’ makes history with $1bn at the box office

NEW YORK: Box-office ticket sales of the movie ‘Barbie’ topped $1 billion in the United States and worldwide since...

Updated 07 Aug, 2023 03:52pm

Pakistan

Lack of resources ‘real cause’ of Hazara Express tragedy: Saad Rafique

We are unable to maintain things, says the railways minister

Published 07 Aug, 2023 03:06pm

Technology

Toshiba prepares for $14bn deal to go private

TOKYO: Toshiba said a previously announced scheme to take the troubled Japanese conglomerate private in a deal worth...

Published 07 Aug, 2023 02:53pm

Travel

Mystery in Dubai as mega-wheel stops turning

DUBAI: Two years ago, Dubai’s skyscraper-studded skyline welcomed a Ferris wheel touted as the world’s largest, but...

Published 07 Aug, 2023 02:05pm

Stocks

Aramco fuels Saudi market’s gains; Qatar eases

Most major stock markets in the Gulf rose in early trade on Monday with the Saudi index on course to snap seven...

Published 07 Aug, 2023 01:44pm

Stocks

Hong Kong stocks begin week on muted note

HONG KONG: Hong Kong stocks closed barely moved Monday as traders weigh the Federal Reserve’s next move on interest...

Updated 07 Aug, 2023 01:22pm

Stocks

Japan’s Nikkei ends higher; Astellas surges on US FDA nod for treatment

TOKYO: Japan’s Nikkei share average reversed course to end higher on Monday as investors took a fresh view on strong...

Updated 07 Aug, 2023 01:19pm

Mutual Funds

Japan yields follow US peers lower as 30-year auction looms

TOKYO: Japanese government bond yields fell from multi-month highs on Monday, mirroring a sharp retreat in their US...

Published 07 Aug, 2023 01:07pm

Forex

South African rand slips; focus on global inflation prints this week

JOHANNESBURG: The South African rand slipped in early trade on Monday, adding to losses of more than 4% against the...

Published 07 Aug, 2023 01:01pm

Sports

India’s ‘tail of woes’ continues unabated in West Indies

The lengthy tail of India’s batting lineup was exposed again on Sunday and pundits say the team management need to...

Published 07 Aug, 2023 01:00pm

South Asia

India’s parliament reinstates Rahul Gandhi as lawmaker

NEW DELHI: India’s parliament on Monday reinstated opposition Congress party leader Rahul Gandhi as a member after...

Updated 07 Aug, 2023 12:41pm

Stocks

Australia shares slip amid caution across global equities

Australian shares slipped on Monday, weighed by healthcare and financials sectors, as investors remained cautious...

Updated 07 Aug, 2023 12:35pm

Africa

Niger waits for West African bloc’s response after junta rejects ultimatum

NIAMEY: Niger was waiting on Monday for a response from the West African regional bloc after coup leaders in Niamey...

Published 07 Aug, 2023 12:30pm

Stocks

London stocks edge lower at open, Unite Group slips

The UK’s exporter-heavy FTSE 100 index dipped at open on Monday, weighed down by heavyweight miners, while shares of...

Published 07 Aug, 2023 12:26pm

Europe

Drone shot down in region southwest of Moscow

MOSCOW: Russia claimed on Monday to have shot down a Ukrainian drone southwest of Moscow, amid a surge in drone...

Published 07 Aug, 2023 12:09pm

Sports

Walsh fit to start for England against Nigeria

BRISBANE: England’s bid to win the 2023 World Cup was given a massive boost Monday with key midfielder Keira Walsh...

Published 07 Aug, 2023 12:06pm

Energy

Saudi Aramco Q2 profits drop 38% on lower prices: statement

RIYADH: Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall...

Published 07 Aug, 2023 12:03pm

FBR refuses to share Politically-Exposed Persons’ data

Refusal letter says section 216 prohibits disclosure of taxpayer’s information to any individual or authority except those mentioned explicitly in sub section 3 of section 21 of the Ordinance

Updated 07 Aug, 2023 11:44am

Forex

China’s yuan hovers at 2-week low, market expects more monetary easing

SHANGHAI/SINGAPORE: China’s yuan hovered at a two-week low on Monday, pressured by corporate dollar demand and...

Published 07 Aug, 2023 11:13am

Europe

Russia to evacuate village for first lunar lander mission in half century

Russia will evacuate a village in its far east on Aug. 11 as part of the launch of Russia’s first lunar lander...

Published 07 Aug, 2023 11:10am

Forex

Australia, NZ dollars steady after heavy falls, bonds rally

SYDNEY: The Australian and New Zealand dollars steadied on Monday after a week of heavy falls, while domestic bonds...

Published 07 Aug, 2023 11:03am

Forex

Thai baht pares gains on cooler inflation, Asia FX mixed

Thailand’s baht pared gains on Monday after a lower-than-expected rise in inflation, while other Asian currencies...

Published 07 Aug, 2023 11:01am

Business & Finance

Siemens Energy books $2.4bn in charges for wind turbine issues

FRANKFURT: Siemens Energy on Monday said problems recently unveiled at its wind turbine unit would cost it 2.2...

Published 07 Aug, 2023 10:59am

Commodities

Thailand’s rice exports benefiting from India’s export ban

BANGKOK: Thailand is benefiting from India’s rice export ban and has no reason to halt shipments of the grain...

Published 07 Aug, 2023 10:57am

Financial

Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week

HONG KONG: Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts...

Published 07 Aug, 2023 10:55am

Sports

Britain’s Evans and US teen Gauff win Washington titles

WASHINGTON: US teen star Coco Gauff and Britain’s Dan Evans captured titles with straight-set triumphs on Sunday at...

Published 07 Aug, 2023 10:43am

Asia

Iran’s foreign minister in first Japan visit since 2019

TOKYO: Iran’s foreign minister visited Japan on Monday for the first time since 2019 to meet his opposite number,...

Published 07 Aug, 2023 10:36am

Sports

Messi double as Miami move past Dallas after shoot-out

FRISCO: Lionel Messi scored twice, including a brilliant late equaliser, as Inter Miami advanced past FC Dallas to...

Published 07 Aug, 2023 10:31am

Middle East

Four Syrian soldiers killed in Israeli attack on Damascus

An Israeli missile attack targeting the vicinity of Syria’s capital Damascus killed four soldiers, wounded four more...

Published 07 Aug, 2023 10:22am

Commodities

US wheat climbs as Black Sea tensions rekindle supply concerns

Chicago wheat rose on Monday, extending gains from the previous session amid global supply concerns spurred by an...

Published 07 Aug, 2023 10:17am

Commodities

Copper under pressure on caution ahead of US, China data

BEIJING: Copper prices opened lower on Monday, with pressure from a steady dollar and investors cautiously waiting...

Published 07 Aug, 2023 10:15am

Mutual Funds

Indian bond yields may dip tracking US peers in week dominated by data

MUMBAI: Indian government bond yields are expected to fall in the early session on Monday, tracking a slump in US...

Published 07 Aug, 2023 10:11am

Forex

Indian rupee to recover on pullback in US yields after jobs data

MUMBAI: The Indian rupee is expected to recover on Monday on the back of a pullback in US yields and the decline in...

Published 07 Aug, 2023 10:09am

Sports

Teenager Guzman to join Colombia’s youth push at World Cup

MELBOURNE: A Colombian team inspired by the flair of 18-year-old Linda Caicedo at the Women’s World Cup will welcome...

Published 07 Aug, 2023 10:06am

Asia

Fourteen dead in floods in northeastern China

BEIJING: Fourteen people were reported to have died over the weekend in the Chinese city of Shulan due to flooding...

Published 07 Aug, 2023 10:02am

Technology

Paytm CEO Sharma to buy stake worth $628mn in co from Antfin Holding

BENGALURU: Paytm’s founder and CEO, Vijay Shekhar Sharma, will buy a 10.3% stake valued at $628 million in the...

Published 07 Aug, 2023 09:59am

Digital census data: Govt says error probability can be quite low

Ishaq Dar says that the census had received approval from eight members of the CCI

Updated 07 Aug, 2023 09:56am

PTI chief’s arrest ‘internal matter’ of Pakistan: US

WASHINGTON: The United States (US) has said the arrest of the Pakistan Tehreek-e-Insaf (PTI) chief is an ‘internal...

Updated 07 Aug, 2023 09:55am

Agencies to have blanket authority? Finally, Senate adopts controversial bill

ISLAMABAD: Amidst strong concerns shown by the legislators from the two sides of the aisle, the upper house of the...

Updated 07 Aug, 2023 09:54am

Sports

No Labuschagne in Australia’s extended World Cup squad

MELBOURNE: Marnus Labuschagne’s World Cup dreams are over after the batter was left out of Australia’s extended...

Published 07 Aug, 2023 09:53am

Sports

While the elimination of top teams continues, France calm amid World Cup turmoil

ADELAIDE: France coach Herve Renard has fond memories of managing Morocco’s men’s soccer team, but when his Les...

Published 07 Aug, 2023 09:51am

Stocks

Asia shares on guard for US, China inflation risks

SYDNEY: Asian share markets were in a cautious mood on Monday after a mixed US jobs report sparked a rally in...

Published 07 Aug, 2023 09:43am

Bullion Rate

Gold off 3-week lows as investors brace for US inflation test

Gold prices were off three-week lows on Monday after slowing US job growth knocked the dollar and bond yields from...

Published 07 Aug, 2023 09:37am

Stocks

Indian shares open higher led by auto stocks

BENGALURU: Indian shares opened higher on Monday, led by auto stocks on hopes of sales growth, ahead of US and China...

Published 07 Aug, 2023 09:35am

Commodities

Palm oil range-bound as stocks outlook counters Black Sea woes

KUALA LUMPUR: Malaysian palm oil futures were range-bound on Monday, as traders weighed forecasts of higher...

Published 07 Aug, 2023 09:30am

Forex

Dollar tentative as US inflation data looms

SINGAPORE: The dollar was on the back foot on Monday after a mixed US jobs report provided little directional...

Published 07 Aug, 2023 09:27am

Business & Finance

Indonesia Q2 GDP grows 5.17% y/y, above expectation

JAKARTA: Indonesia’s economy grew 5.17% on an annual basis in the second quarter, the fastest pace in three quarters...

Published 07 Aug, 2023 09:24am

BR Research

Why food inflation is here to stay?

No, and not just because Russia’s decision to exit the Black Sea grain export deal, or India’s decision to impose a...

Updated 07 Aug, 2023 09:22am

Real estate sector: FBR chief says no exemption or concession possible

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Malik Amjad Zubair Tiwana has categorically conveyed to the real...

Updated 07 Aug, 2023 09:18am

Markets

Symmetry Group all set to become Pakistan’s first IPO this year, has its eyes on foreign markets

KARACHI: Symmetry Group Limited (SGL), a digital technology and experiences company, is looking to raise at least...

Updated 07 Aug, 2023 09:18am

PIA resumes passenger flights for Beijing

BEIJING: Pakistan International Airlines (PIA) has resumed its weekly passenger flight for China with arrival of...

Updated 07 Aug, 2023 09:16am

Nawaz to be next PM if PML-N voted to power: PM

ISLAMABAD: Prime Minister Shehbaz Sharif Sunday said Nawaz Sharif would be the next prime minister of Pakistan and...

Updated 07 Aug, 2023 09:01am

Pakistan to send team to World Cup in India

ISLAMABAD: Pakistan decided on Sunday to send its cricket team to India to participate in upcoming International...

Updated 07 Aug, 2023 08:58am

PTI demands immediate release of IK

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Sunday demanded immediate release of party chairman, and ex-premier...

Updated 07 Aug, 2023 08:42am

At least 34 killed after train derails near Nawabshah

LAHORE: At least 34 passengers were killed and 80 injured after eleven bogies of Hazara Express derailed near...

Updated 07 Aug, 2023 08:41am

BR’s refresher: your morning briefing for the day

Important updates from August 5 and August 6, 2023

Published 07 Aug, 2023 08:40am

BR Research

MCB: Investments and current account drive profit

MCB Bank Limited (MCB) doubled on the impressive first quarter, raking in record half yearly after-tax profits at...

Published 07 Aug, 2023 08:18am

BR Research

Interview with Suleman G. Abro - Founder, President, and CEO – SAFCO Microfinance Company (Private) Limited

‘We’re empowering the rural and marginalized communities by bringing them into mainstream with economic growth and...

Published 07 Aug, 2023 08:16am

Pakistan

President upholds penalty on six PTV employees

ISLAMABAD: President Dr Arif Alvi has upheld the penalty of withholding the promotion for two years upon six PTV...

Published 07 Aug, 2023 08:02am

Pakistan

CM reviews work on Akbar Chowk Flyovers project

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi visited the Akbar Chowk (Square) Flyovers project and assessed...

Published 07 Aug, 2023 08:00am

Pakistan

Sindh CM orders completion of N-5 road project by Oct

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has directed authorities to complete the N-5 road project by...

Published 07 Aug, 2023 07:59am

Pakistan

Minister lays foundation stone of new building of PIDE

PESHAWAR: Federal Minister for Planning and Development Ahsan Iqbal laid the foundation stone of the new building of...

Published 07 Aug, 2023 07:57am

Pakistan

Moderate earthquake jolts Swat again

SWAT: A moderate earthquake jolted different areas of Swat on Sunday, the second consecutive day. According to...

Published 07 Aug, 2023 07:56am

Pakistan

SAU, CABI arrange policy dialogue on reduction of pesticides

HYDERABAD: The agricultural and educational experts, scientists and social reformers of the country have emphasized...

Published 07 Aug, 2023 07:54am

Business & Finance

Asia’s factory activity shrinks as China’s slump, global slowdown weigh

TOKYO: Asia’s factory activity shrank in July, private surveys showed on Tuesday, a sign slowing global growth and...

Published 07 Aug, 2023 07:35am

Africa

24 dead in Morocco road accident

RABAT: One of Morocco’s worst-ever road accidents left 24 people dead Sunday in the central province of Azilal,...

Published 07 Aug, 2023 07:32am

South Asia

India restricts import of laptops, computers to push local manufacturing

NEW DELHI: India has restricted imports of laptops, tablets and personal computers with immediate effect, according...

Published 07 Aug, 2023 07:28am

Business & Finance

Small businesses boost US private payrolls in July

WASHINGTON: US private payrolls rose more than expected in July as small businesses boosted hiring, pointing to...

Published 07 Aug, 2023 07:26am

Business & Finance

Major global firms warn of slow China sales as post-pandemic surge fades

NEW YORK: Global firms from consumer goods giant Unilever to automaker Nissan and machinery maker Caterpillar have...

Published 07 Aug, 2023 07:25am

Energy

China’s Belt and Road energy projects set for ‘greenest’ year

BEIJING: China’s overseas energy engagement in Belt and Road Initiative (BRI) countries in the first half of 2023...

Published 07 Aug, 2023 07:22am

Europe

‘Slaughter’ as 30 migrants missing off Italy in rough seas

ROME: At least 30 migrants are missing following two shipwrecks off the Italian island of Lampedusa, according to...

Published 07 Aug, 2023 07:18am

Africa

Niger’s citizens undaunted as deadline to reverse coup expires

NIAMEY: Niger’s capital was calm on Sunday, with citizens appearing undaunted by the threat of military...

Published 07 Aug, 2023 07:13am

Asia

23 injured, buildings collapse as 5.4 quake hits east China

PINGYUAN (China): At least 23 people were injured and dozens of buildings collapsed, state media reported, after a...

Published 07 Aug, 2023 07:09am

Asia

Kim Jong Un tells North Korea arms factories to boost capacity

SEOUL: North Korean leader Kim Jong Un has instructed factories making missile engines, artillery and other weapons...

Published 07 Aug, 2023 07:09am

Europe

Ukraine faces new wave of attacks, Russia says airbases struck

KYIV: Ukraine said on Sunday it suffered several waves of aerial attacks overnight, which Moscow said targeted...

Published 07 Aug, 2023 07:09am

Opinion

LSM sector travails

Large-scale manufacturing (LSM) sector, as per data released by the Finance Division, registered negative 8.1 ...