News Archives for Latest - 2023-08-30

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Archive - 2023-08-30

Europe

EU's Borrell urges countries to order more ammunition for Ukraine

TOLEDO: EU foreign policy chief Josep Borrell urged member countries on Wednesday to order more ammunition for...

Published 30 Aug, 2023 11:08pm

Europe

Ukrainian drones attack airport in Russia's northwest

MOSCOW: Ukrainian drones damaged at least two military planes at an airport in Russia's northwest, officials said...

Published 30 Aug, 2023 10:59pm

World

Russia arms talks with North Korea 'actively advancing': White House

WASHINGTON: Russia is in secret, active talks with North Korea to acquire a range of munitions and supplies for...

Published 30 Aug, 2023 10:52pm

World

North Korea fires two short-range ballistic missiles

SEOUL: North Korea fired two short-range ballistic missiles into the sea late Wednesday, the South Korean military...

Published 30 Aug, 2023 10:44pm

Cricket

Babar Azam, Iftikhar Ahmed hit hundreds as Pakistan crush Nepal in Asia Cup

MULTAN: World number one batter Babar Azam and Iftikhar Ahmed scored punishing hundreds as Pakistan annihilated...

Updated 30 Aug, 2023 10:08pm

Pakistan

NEPRA asks Discos to improve performance in 15 days

The National Electric Power Regulatory Authority (NEPRA) on Wednesday directed the power distribution companies...

Published 30 Aug, 2023 09:24pm

Forex

Inter-bank: rupee hits new low, settles at 304.45 against US dollar

Currency depreciates another 0.46% in inter-bank market

Updated 30 Aug, 2023 09:19pm

Football

Lukaku completes loan to Roma from Chelsea

MILAN: Romelu Lukaku completed his season-long loan move to Roma from Chelsea on Wednesday after being welcomed as a...

Published 30 Aug, 2023 09:09pm

Forex

Dollar falls to two-week low as economic data softens

NEW YORK: The dollar dropped to a two-week low against the euro and a basket of currencies on Wednesday after data...

Published 30 Aug, 2023 08:33pm

Luxury

Emirates Airlines has an exclusive invite-only tier for frequent fliers

Emirates iO presides over Blue, Silver, Gold and Platinum Emirates Skywards memberships

Published 30 Aug, 2023 08:30pm

Energy

Oil edges up on US crude stockpile draw, hurricane jitters

NEW YORK: Oil prices extended gains on Wednesday after U.S. government data showed tighter-than-expected crude...

Updated 30 Aug, 2023 08:28pm

Stocks

KSE-100 falls for 4th straight session as economic worries nag

Index closes at 46,245 after decrease of 526 points as fear of interest-rate hike rattles investors

Updated 30 Aug, 2023 08:21pm

Companies

Indus Motor counting on its hybrid Corolla Cross as petrol prices hit record high

KARACHI: Indus Motor Company, the maker of Toyota-brand vehicles in Pakistan, is betting on its upcoming hybrid car,...

Updated 30 Aug, 2023 08:03pm

Stocks

US stocks rise on hopes slowing economy will tame rate hikes

WASHINGTON: US stocks edged up Wednesday as news of slower private hiring, softening pay increases and a downward...

Published 30 Aug, 2023 08:02pm

USA

US airlines cancel over 850 flights as Hurricane Idalia makes Florida landfall

Airlines in the United States canceled more than 850 flights on Wednesday as Hurricane Idalia made landfall in...

Published 30 Aug, 2023 07:59pm

USA

Hurricane Idalia makes landfall on Florida’s Big Bend as Category 3 storm

STEINHATCHEE: Millions of residents were evacuated or hunkered down in homes and bunkers as Hurricane Idalia made...

Updated 30 Aug, 2023 07:55pm

Energy

OGDCL’s KP well sees major boost in production

Oil & Gas Development Company Limited (OGDCL), the country’s largest hydrocarbon exploration firm, has achieved...

Updated 30 Aug, 2023 07:43pm

Commodities

White sugar prices hit 12-year high on supply concerns

LONDON: White sugar prices on ICE rose to a 12-year high on Wednesday, buoyed by the prospect of tightening supplies...

Published 30 Aug, 2023 07:29pm

Companies

Abbott Laboratories sustains Rs580mn in losses amid inflation, currency devaluation

Sales in second quarter clocked in at Rs13.44 billion

Updated 30 Aug, 2023 07:04pm

Forex

Open-market: USD hits 325 against rupee

Open-market prone to sharp volatility and sharp movement, says expert

Updated 30 Aug, 2023 07:02pm

Cricket

England’s women cricketers awarded match fee parity with men

LONDON: England’s women cricketers will be paid the same match fees as their male counterparts, the England and...

Published 30 Aug, 2023 06:55pm

Pakistan

Cipher case: special court extends Imran Khan’s judicial remand till Sep 13

ATC Judge Abual Hasnat Muhammad Zulqarnain conducts hearing at Attock Jail

Updated 30 Aug, 2023 06:47pm

Business & Finance

German inflation eases slightly to 6.1% in August

BERLIN: German inflation dipped slightly in August, official data showed Wednesday, but remained at a level three...

Published 30 Aug, 2023 06:45pm

South Asia

Thousands protest over Bangladesh’s ‘enforced disappearances’

DHAKA: Thousands of Bangladeshi protesters marched Wednesday demanding information on hundreds of people they say...

Published 30 Aug, 2023 06:43pm

Travel

‘Revenge travel’ could be here to stay: Irish hotel chief

DUBLIN: The post-pandemic trend of people prioritising travel could be a more permanent change in consumers’...

Published 30 Aug, 2023 06:32pm

Africa

Gabon president appeals to ‘friends’ to speak up over coup

LIBREVILLE: Gabon’s President Ali Bongo has appeared in a video calling for his “friends” to “make noise” after...

Published 30 Aug, 2023 06:20pm

Pakistan

Elections may take place before February 2024 if delimitations are completed sooner: ECP

According to ANP leaders the electoral watchdog has pledged to expedite constituency delimitation in order to possibly hold elections early

Published 30 Aug, 2023 06:17pm

Pakistan

COAS observes field fire, battle drills near Jhelum

Army chief commends the soldiers for their battle proficiency and offensive spirit

Published 30 Aug, 2023 05:21pm

Commodities

Gold prices increase Rs2,900 per tola in Pakistan

Price of 24-carat bar settles at Rs236,400 per tola in local market

Published 30 Aug, 2023 05:15pm

Forex

Euro steadies as markets raise bets of ECB hike after inflation data

LONDON: The euro steadied against the dollar on Wednesday as rising inflation in Germany and Spain led investors to...

Published 30 Aug, 2023 05:14pm

Europe

Turkish foreign minister to visit Russia on Thursday

MOSCOW: Russian Foreign Minister Sergei Lavrov will host his Turkish counterpart for a two-day visit beginning...

Published 30 Aug, 2023 05:03pm

Cricket

Asia Cup defending champs Sri Lanka unfazed by injuries

KANDY: Sri Lanka skipper Dasun Shanaka said on Wednesday the defending champions will challenge every team in the...

Published 30 Aug, 2023 04:56pm

Pakistan

Cipher case: Qureshi sent back to Adiala Jail on 14-day judicial remand

The PTI vice-chairman was presented before the special court amid high security

Updated 30 Aug, 2023 04:52pm

Asia

US’s Raimondo says raised alleged hacking of her email with Chinese officials

SHANGHAI: US Commerce Secretary Gina Raimondo said on Wednesday that she had raised the alleged hacking of her email...

Published 30 Aug, 2023 04:51pm

Asia

UK foreign secretary says raised human rights on China visit

BEIJING: British Foreign Secretary James Cleverly said he had raised human rights concerns at “every single one” of...

Published 30 Aug, 2023 04:46pm

Africa

Military coup in Gabon, president under house arrest

LIBREVILLE: Rebel officers in the oil-rich central African state of Gabon announced on Wednesday they had seized...

Published 30 Aug, 2023 04:38pm

Stocks

European stock markets diverge as rally fades

LONDON: Europe’s main stock markets diverged Wednesday after a global rally faded. Approaching the half-way mark,...

Updated 30 Aug, 2023 04:31pm

Stocks

China, Hong Kong stocks roughly flat as market weighs geopolitical risks

SHANGHAI: China and Hong Kong stocks were roughly flat on Wednesday, as the market is weighing geopolitical risks...

Updated 30 Aug, 2023 02:34pm

Stocks

Major Gulf markets mixed on Fed pause bets, stronger oil

Major stock markets in the Gulf were mixed in early trade on Wednesday, with the Saudi index on course to snap two...

Published 30 Aug, 2023 02:32pm

South Asia

India asks US to release funds frozen over suspected Russia diamond link

NEW DELHI: India has asked the United States to release $26 million belonging to at least two Indian diamond firms...

Published 30 Aug, 2023 02:19pm

Movies & Music

Hollywood strike saps glamour from 80th Venice Film Festival

VENICE: A historic Hollywood strike robbed the Venice Film Festival of some of its usual glitz as it launched its...

Published 30 Aug, 2023 02:16pm

Europe

Germany passes four-year 32bn euro corporate tax relief to revive economy

BERLIN: The German cabinet on Wednesday approved a four-year, 32 billion euro ($34.77 billion) tax cut package...

Published 30 Aug, 2023 02:09pm

Currency

South African rand falls as dollar finds feet; credit extension slows

JOHANNESBURG: The South African rand was weaker in early trade on Wednesday as the dollar clawed back some losses on...

Published 30 Aug, 2023 01:06pm

Stocks

Australian shares end higher as inflation cools more than forecast

Australian shares rallied to close higher on Wednesday on broad based gains after inflation eased to a 17-month low,...

Updated 30 Aug, 2023 12:52pm

Stocks

FTSE 100 climbs as insurer Prudential jumps on strong earnings

UK’s FTSE 100 opened higher on Wednesday buoyed by insurers’ stocks, with Prudential rising after it reported strong...

Published 30 Aug, 2023 12:47pm

Stocks

South Korean shares end higher but caution persists ahead of key data

KOSPI closed up 9.06 points, or 0.35%, at 2,561.22,

Published 30 Aug, 2023 12:44pm

South Asia

US deploys B-1B bombers for separate drills with South Korea, Japan

SEOUL: The United States separately deployed B-1B bombers for joint drills with South Korea and Japan on Wednesday,...

Published 30 Aug, 2023 12:41pm

Stocks

Tokyo stocks close higher

TOKYO: Tokyo stocks closed higher on Wednesday, supported by rallies on Wall Street on the back of easing concerns...

Updated 30 Aug, 2023 12:22pm

Stocks

Financials, IT lead rise in Indian shares as U.S. rate concerns ease

BENGALURU: Indian shares advanced on Wednesday, tracking Asian and U.S. peers on easing interest rate concerns after...

Updated 30 Aug, 2023 11:55am

Forex

China’s yuan slips ahead of key data releases

HONG KONG: China’s yuan inched lower but held tight ranges on Wednesday, defying firmer central bank guidance and...

Published 30 Aug, 2023 11:51am

South Asia

India’s inflation to keep steady, growth on track

Indian inflation will remain steady in coming months, despite short-term rises in the prices of certain food items,...

Published 30 Aug, 2023 11:47am

Currency

Asian currencies wobble, stocks up on Fed pause bets

Asian currencies were treading water against the U.S. dollar, while equities jumped on Wednesday after weak U.S....

Published 30 Aug, 2023 11:39am

Currency

Indian rupee falters after opening uptick on dollar demand from state-run banks

MUMBAI: The Indian rupee weakened on Wednesday, yet again failing to sustain its positive opening on U.S. dollar...

Published 30 Aug, 2023 11:34am

Companies

Russia’s Rosneft second-quarter oil and gas condensate output dips

MOSCOW: Rosneft, Russia’s largest oil producer, said on Wednesday its output of oil and gas condensate dipped in the...

Published 30 Aug, 2023 11:29am

Financial

JGB 2-year yield hits 7-month high as BOJ official takes hawkish tone

TOKYO: Japanese government bond (JGB) yields rose on Wednesday amid new comments from a Bank of Japan (BOJ) official...

Published 30 Aug, 2023 11:25am

Companies

European car sales rise 15% in July, EVs up nearly 61%

LONDON: European new car registrations jumped 15.2% in July, the 12th consecutive month of growth as the auto...

Published 30 Aug, 2023 11:22am

Europe

Russia destroyed four Ukrainian military boats in Black Sea: Moscow

MOSCOW: Russia said Wednesday its forces destroyed four Ukrainian military boats carrying up to 50 soldiers in the...

Published 30 Aug, 2023 10:48am

Another fuel price hike on the cards

ISLAMABAD: There might be a big rise of upto Rs20 per litre in the cost of petrol and high-speed diesel (HSD) due to...

Updated 30 Aug, 2023 10:46am

South Asia

Indian rover confirms sulphur on Moon’s south pole

NEW DELHI: India’s Moon rover has confirmed the presence of sulphur on the lunar south pole, the country’s space...

Published 30 Aug, 2023 10:37am

Sports

Retiring Zanevska snubs handshake after Sabalenka loss

NEW YORK: Ukraine-born Belgian player Maryna Zanevska brought the curtain down on her tennis career by snubbing a...

Published 30 Aug, 2023 10:32am

Cricket

Bangladesh call up Anamul as Liton out of Asia Cup

DHAKA: Bangladesh suffered an Asia Cup setback Wednesday as batsman Liton Das was ruled out of the tournament with...

Published 30 Aug, 2023 10:28am

Forex

Australian dollar slips, bonds bounce as inflation slows

SYDNEY: The Australian and New Zealand dollars took a step back on Wednesday after a surprisingly low reading on...

Published 30 Aug, 2023 10:20am

Financial

India bond yields seen easing as US peers drop

MUMBAI: Indian government bond yields are expected to fall in early trading on Wednesday as U.S. yields continued to...

Published 30 Aug, 2023 10:17am

Europe

Blasts in Ukraine’s Kyiv kill two

At least two people were killed and one wounded in an attack on Kyiv on Wednesday morning, Mayor Vitali Klitschko...

Published 30 Aug, 2023 10:09am

Commodities

Wheat edges higher after survey shows lower Canadian crop

SINGAPORE: Chicago wheat prices inched higher on Wednesday, snapping a four-day run of declines, after a survey...

Published 30 Aug, 2023 10:07am

Markets

BOJ policymaker signals chance of policy tweak early next year

KUSHIRO: After a decade of massive monetary stimulus, Japan’s inflation is “clearly in sight” of the central bank’s...

Published 30 Aug, 2023 10:05am

Commodities

Iron ore rebounds on prospects of fresh China stimulus for property sector

BEIJING: Iron ore futures climbed on Wednesday as investor sentiment was buoyed by prospects of fresh measures from...

Published 30 Aug, 2023 10:02am

South Asia

China vice president tells UK foreign secretary: hopes to advance ties

BEIJING: China Vice President Han Zheng said on Wednesday he hopes through mutual respect and practical cooperation...

Published 30 Aug, 2023 10:00am

Commodities

India allows exports of non-basmati white rice trapped at ports

NEW DELHI: India has allowed traders to ship out their non-basmati white rice cargoes sitting at ports due to a...

Published 30 Aug, 2023 09:56am

Companies

PepsiCo returns to Indonesia, breaks ground for snack factory

CIKARANG: U.S. food and beverage maker PepsiCo began building a snack factory in Indonesia’s West Java on Wednesday,...

Published 30 Aug, 2023 09:54am

Weak infrastructure, governance: Moody’s spots extra constraints

Says weak infrastructure and governance act as additional constraints for Bangladesh and Pakistan

Updated 30 Aug, 2023 09:52am

Commodities

Gold near 3-week high as markets cut back US rate hike bets

Gold prices hovered near three-week highs on Wednesday, as investors pared back bets of further U.S. interest rate...

Published 30 Aug, 2023 09:51am

Sports

Arsenal sign Spain’s World Cup winner Codina from Barcelona

Arsenal have signed Spain’s World Cup-winning defender Laia Codina from Barcelona, the Women’s Super League (WSL)...

Published 30 Aug, 2023 09:48am

Imran Khan re-arrested immediately after release

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman and former premier Imran Khan has been re-arrested in the cypher...

Updated 30 Aug, 2023 09:47am

PPP asks ECP to hold polls within 90 days

ISLAMABAD: Yet another political entity— this time Pakistan Peoples Party (PPP) — has demanded of the Election...

Updated 30 Aug, 2023 09:45am

Commodities

Palm marginally higher on rival edible oil gains, weak ringgit

SINGAPORE: Malaysian palm oil futures extended gains on Wednesday aided by the strength in rival edible oils and a...

Published 30 Aug, 2023 09:45am

Non-clearance of $50m receivables: CMEC may stop work at Thar coal mines after Sept 10

KARACHI: In a surprising move, the China Machinery Engineering Corporation (CMEC) has hinted to stop working on Thar...

Updated 30 Aug, 2023 09:44am

Inflated electricity bills: Federal cabinet undecided

ISLAMABAD: The federal cabinet remained inconclusive to provide relief on inflated electricity bills to consumers,...

Updated 30 Aug, 2023 09:42am

Commodities

London copper dips in cautious trade ahead of key data

Copper prices in London eased slightly on Wednesday, as traders and investors exercised caution ahead of the release...

Published 30 Aug, 2023 09:42am

Forex

Dollar licks wounds after jobs shock; Aussie dips as inflation cools

TOKYO: The dollar nursed its sharpest drop in a month and a half on Wednesday, as investors bet that...

Published 30 Aug, 2023 09:30am

Lion on loose captured at Sharea Faisal

KARACHI: An adult lion escaped from a private vehicle amidst heavy traffic in Karachi on Tuesday, causing panic for...

Updated 30 Aug, 2023 09:08am

Growing significance of RMB highlighted

KARACHI: Speakers, at a seminar titled “RMB Prospects & Applications” hosted by the Industrial and Commercial...

Updated 30 Aug, 2023 09:07am

Glitch halts Toyota factories in Japan

TOKYO: Toyota said Tuesday it has been hit by a technical glitch that forced it to suspend production at all of its...

Updated 30 Aug, 2023 09:05am

BR’s refresher: your morning briefing for the day

Important updates from August 29, 2023

Published 30 Aug, 2023 08:43am

Court assailed for suspending IK’s jail term

ISLAMABAD: Former ruling alliance the Pakistan Democratic Movement (PDM), Tuesday, criticising the Islamabad High...

Updated 30 Aug, 2023 08:39am

IK’s Toshakhana sentence suspended

ISLAMABAD: The Islamabad High Court (IHC) suspended the jail sentence of Pakistan Tehreek-e-Insaf (PTI) Chairman...

Updated 30 Aug, 2023 08:38am

BR Research

Indus Motors: Fortune favours the bold

Exactly one year ago in August, Indus Motors (PSX: INDU) had reduced prices for all locally assembled models in the...

Published 30 Aug, 2023 06:35am

BR Research

APL FY23 – price versus volumes

The oil marketing sector had a destructive FY23 as the volumes due to slowing economy, weak demand and rising...

Published 30 Aug, 2023 06:32am

BR Research

Pakistan Cables Limited

Pakistan Cables Limited (PSX: PCAL) was incorporated in Pakistan as a private limited company in 1953 and was...

Published 30 Aug, 2023 06:27am

Opinion

Doing away with GST on electricity?

It is already happening what was expected. People have come out against rising electricity bills. Protests may...