News Archives for Latest - 2023-11-14

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Archive - 2023-11-14

Europe

Ukraine says Russia tries to push on east, involves more drones

A top Ukrainian military official said Russian troops continued simultaneous assault attempts in several directions...

Published 14 Nov, 2023 11:53pm

World

Heavy rain in Gaza brings new problems and fears for Palestinians

GAZA: Heavy rain in Gaza on Tuesday brought new concerns and challenges for Palestinians, many of whom are homeless...

Published 14 Nov, 2023 11:11pm

World

Biden believes deal on Hamas hostages ‘going to happen’

WASHINGTON: US President Joe Biden said Tuesday he believes that a deal with Hamas to free the hostages the are...

Published 14 Nov, 2023 10:36pm

Business & Finance

Boeing, AirBus and ‘Beond’: Biggest edition of Dubai Airshow underway

Show marks first-ever appearance of Pakistan Air Force’s JF-17 Thunder Block-III aircraft at an international platform

Published 14 Nov, 2023 09:53pm

Europe

Ukraine agrees export insurance ‘mechanism’ with UK, British insurers

KYIV: Ukraine has agreed a “special mechanism” with Britain and a group of British insurance companies to offer...

Published 14 Nov, 2023 09:32pm

Middle East

Israeli hostage families start 5-day march on Netanyahu's home

TEL AVIV: The families of Israelis being held hostage by Hamas in the Gaza Strip kicked off a five-day march on...

Published 14 Nov, 2023 08:52pm

Middle East

Mass grave inside Israeli-encircled Gaza hospital, no plan to rescue babies

Israeli forces surround Al Shifa hospital in Gaza City, which they say sits atop underground headquarters of Hamas, a claim that Hamas denies

Updated 14 Nov, 2023 08:53pm

Energy

Oil climbs as IEA lifts demand growth forecast, US inflation cools

LONDON: Oil prices firmed on Tuesday after the International Energy Agency (IEA) raised its demand growth forecasts,...

Updated 14 Nov, 2023 08:39pm

Pakistan

'Focus on Lahore,' says Bilawal as PML-N supremo woos parties across country

PPP leader says Nawaz has been told to search for seats in other provinces since the PML-N has encountered challenges in Lahore

Published 14 Nov, 2023 08:36pm

Europe

Zelensky says Russian attacks increasing

KYIV: Ukrainian President Volodymyr Zelensky said on Tuesday Russia was increasing its attacks across the front...

Updated 14 Nov, 2023 08:19pm

Stocks

US stocks pop on cooler-than-expected inflation data

NEW YORK: US stocks surged in early trading Tuesday on news that consumer inflation cooled more than expected last...

Published 14 Nov, 2023 08:17pm

Perspectives

Sinking exports: innovation and interventions

Pakistan’s export performance has remained meager in the past two decades due to sluggish growth. In 2003, the total...

Published 14 Nov, 2023 08:17pm

Markets

KSE-100 ekes out gain despite profit-taking

The Pakistan Stock Exchange (PSX) witnessed another positive session on Tuesday, as its benchmark KSE-100 added 142...

Updated 14 Nov, 2023 07:55pm

Sports

Injured Tsitsipas retires from ATP Finals clash with Rune

TURIN: Stefanos Tsitsipas is set to quit the ATP Finals on Tuesday after retiring from his match with Holger Rune...

Published 14 Nov, 2023 07:37pm

Stocks

Most Gulf markets in red ahead of US inflation data

Most stock markets in the Gulf ended lower on Tuesday, ahead of U.S. inflation data later in the session, which...

Published 14 Nov, 2023 07:30pm

Europe

Putin tightens media rules ahead of 2024 election

MOSCOW: President Vladimir Putin on Tuesday tightened media conditions for election coverage in Russia, ahead of a...

Published 14 Nov, 2023 07:26pm

Middle East

US unveils third round of Hamas sanctions

WASHINGTON: The United States in conjunction with the United Kingdom on Tuesday announced a third round of sanctions...

Published 14 Nov, 2023 07:23pm

Middle East

Qatar urges Israel and Hamas to make hostage deal

DOHA: Qatar on Tuesday urged Israel and Hamas to reach an agreement on releasing hostages seized in the October 7...

Published 14 Nov, 2023 07:19pm

Business & Finance

US consumer inflation cools to 3.2% in October

WASHINGTON: US consumer inflation cooled more than expected last month, according to government data published...

Published 14 Nov, 2023 07:15pm

Technology

YouTube takes aim at AI generated imposters in videos

SAN FRANCISCO: YouTube on Tuesday said it will soon allow users to request that artificial intelligence-created...

Published 14 Nov, 2023 07:13pm

Pakistan

Law ministry notifies PTI chief’s jail trial in Al Qadir Trust case

The Ministry of Law and Justice has issued a notification to conduct jail trial of Pakistan Tehreek-e-Insaf (PTI)...

Published 14 Nov, 2023 06:50pm

Markets

SBP allows ASA Microfinance Bank Limited to commence operations nationwide

The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank (Pakistan) Limited to commence microfinance...

Published 14 Nov, 2023 06:28pm

Movies & Music

Bollywood’s Deepika Padukone on India’s global moment, being a ‘non-nepo’ baby

'India has always been here, it’s just taken the world this much time to sit up and notice our power,' she was quoted as saying by Vogue India

Published 14 Nov, 2023 06:25pm

South Asia

Sri Lanka’s top court says ex-president among those who contributed to economic crisis

COLOMBO: Sri Lanka’s top court ruled on Tuesday that former President Gotabaya Rajapaksa and his brother, former...

Published 14 Nov, 2023 06:23pm

Pakistan

Taliban minister raises issue of refugee assets during Pakistan visit

ISLAMABAD: The Taliban’s acting commerce minister met Pakistan’s foreign minister in Islamabad this week, an Afghan...

Updated 14 Nov, 2023 06:07pm

USA

China’s Xi leaves Beijing for summit with Biden: state media

BEIJING: Chinese President Xi Jinping left Beijing on Tuesday, state media reported, on his way to San Francisco...

Published 14 Nov, 2023 05:48pm

Forex

Inter-bank: rupee slips for 16th successive session against US dollar

Currency depreciates 0.11% to settle at 287.87 against US dollar

Updated 14 Nov, 2023 05:44pm

Forex

Open-market: rupee remains stable against US dollar

The Pakistani rupee remained unchanged against the US dollar in the open market on Tuesday. During the day, currency...

Updated 14 Nov, 2023 05:36pm

Cricket

Edgbaston tie and Gibbs epic: Five memorable Australia-South Africa ODI clashes

KOLKATA: Five-time winners Australia and South Africa clash in the second semi-final of the Cricket World Cup in...

Published 14 Nov, 2023 05:32pm

Cricket

Australia’s Head says Coetzee hit a ‘blessing in disguise’

KOLKATA: Australia opener Travis Head made a late entry into the World Cup after recovering from a fractured hand...

Published 14 Nov, 2023 05:23pm

Stocks

Stock markets diverge before US inflation data

LONDON: Stock markets struck a mixed note Tuesday as caution prevailed before key US inflation data, which could...

Updated 14 Nov, 2023 05:18pm

Cricket

Williamson relishing ‘special’ India semi-final

MUMBAI: New Zealand captain Kane Williamson said his side’s experience of playing in front of partisan crowds would...

Published 14 Nov, 2023 05:15pm

Stocks

Sri Lanka shares end lower on losses in consumer staples, financial stocks

CSE All Share index settled down 1.13% at 10,775.43

Published 14 Nov, 2023 05:04pm

Commodities

Palm oil futures closes 2.71% higher on soyoil strength

JAKARTA: Malaysian palm oil futures closed more than 2% higher on Tuesday as trading resumed after a long holiday...

Published 14 Nov, 2023 05:00pm

Pakistan

Pakistan drawing Saudi interest in mine stakes, adviser says

ISLAMABAD: Saudi Arabia has shown interest in acquiring government stakes in Pakistan’s Reko Diq gold and copper...

Published 14 Nov, 2023 05:00pm

Cotton & Textile

APTMA Cotton Foundation, BCI partner to improve cotton production

The All Pakistan Textile Mills Association (APTMA) Cotton Foundation (ACF) and Better Cotton Initiative Pakistan...

Published 14 Nov, 2023 04:06pm

Europe

Kremlin, on US probe into oil sanctions, says Russia is acting in its own interests

MOSCOW: The Kremlin said on Tuesday that Russia was acting in its own interests when asked about a probe by the...

Published 14 Nov, 2023 03:09pm

Energy

IEA raises oil demand growth forecasts, despite economic gloom ahead

LONDON: The International Energy Agency (IEA) on Tuesday raised its oil demand growth forecasts for this year and...

Published 14 Nov, 2023 03:05pm

Pakistan

IHC issues stay order against jail trial of Imran Khan in cipher case

Court halts proceedings of cipher case and adjourns hearing till November 16.

Updated 14 Nov, 2023 03:04pm

Forex

Sterling steady after UK wage data; US inflation in focus

LONDON: The pound trod water on Tuesday as traders held their fire ahead of US inflation data that could be key in...

Published 14 Nov, 2023 03:00pm

‘Winter package’ not allowed to see the light of day

Govt fails to secure nod for industry package from IMF, sources says

Updated 14 Nov, 2023 02:34pm

Technology

Joby shows off electric air taxis in New York, targeting 2025 launch date

NEW YORK: Electric air taxis could be transporting passengers from JFK Airport to downtown Manhattan by 2025 - on...

Published 14 Nov, 2023 02:19pm

Bullion Rate

Gold price per tola increases Rs1,000 in Pakistan

Gold rates in Pakistan extended gains for the second session on Tuesday, in line with increase in the international...

Updated 14 Nov, 2023 02:13pm

Middle East

Biden says Gaza hospitals ‘must be protected’

GAZA/OCCUPIED JERUSALEM: US President Joe Biden said hospitals in the Gaza Strip must be protected and he hoped for...

Updated 14 Nov, 2023 02:03pm

Middle East

Israeli forces kill six Palestinians in West Bank clash

RAMALLAH: Israeli troops backed by the air force raided a town in the occupied West Bank on Tuesday, touching off...

Updated 14 Nov, 2023 01:45pm

Forex

Russia’s rouble at highest level against dollar since late July

MOSCOW: The Russian rouble firmed to a 3-1/2 month high against the dollar in early trade on Tuesday, buoyed by...

Published 14 Nov, 2023 01:40pm

Luxury

1962 Ferrari auctioned for $51.7mn in New York: Sotheby’s

NEW YORK: A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most...

Published 14 Nov, 2023 01:11pm

Markets

TPL Corp, Abhi Limited explore acquisition of FINCA

TPL Corp and Abhi Limited, a Pakistani financial platform, have partnered to consider the potential acquisition of a...

Published 14 Nov, 2023 12:27pm

Stocks

Hong Kong stocks build on gains at open

HONG KONG: Hong Kong stocks extended a rally Tuesday, with traders preparing for the release of key US inflation...

Published 14 Nov, 2023 12:15pm

Europe

King Charles III celebrates 75th birthday

LONDON: Charles III turns 75 on Tuesday, showing no sign of a let-up in activity just over a year since he became...

Published 14 Nov, 2023 12:08pm

Sports

Egypt captain Salah leads African stars into World Cup qualifying

JOHANNESBURG: Prolific Liverpool scorer and Egypt captain Mohamed Salah will be among the stars in action this week...

Published 14 Nov, 2023 12:03pm

World

Russia, India discussing joint production of aircraft weapons

Russia’s sate-controlled arms exporter Rosoboronexport is discussing with Indian enterprises the joint production of...

Published 14 Nov, 2023 11:57am

Forex

Australia, NZ dollars hunker down for US inflation test

SYDNEY: The Australian and New Zealand dollars were given a break from selling on Tuesday as markets awaited data on...

Published 14 Nov, 2023 11:51am

Commodities

Soybeans dip after Chinese demand helps push prices to 11-week high

CANBERRA: Chicago soybean futures dipped on Tuesday after large US bean sales to China and fears that a heat wave in...

Published 14 Nov, 2023 11:48am

Sports

Cummins unsure of future as Australia ODI skipper, eyes IPL return

KOLKATA: Pat Cummins is unsure whether he will continue as Australia’s one-day international captain after the World...

Published 14 Nov, 2023 11:44am

Commodities

Copper treads lower; US inflation data in focus

NEW DELHI: Copper prices fell slightly on Tuesday on a firmer US dollar, with the market focussed on key inflation...

Published 14 Nov, 2023 11:37am

Forex

China’s yuan slips as PBOC easing bets widen yield gap

SHANGHAI: China’s yuan inched lower against the dollar on Tuesday, pressured by market expectations of further...

Published 14 Nov, 2023 11:36am

Financial

Crypto.com wins Dubai licence

DUBAI: Virtual assets exchange Crypto.com’s Dubai entity CRO DAX Middle East FZE has received a licence from the...

Published 14 Nov, 2023 11:33am

Mutual Funds

JGB yields decline amid strong 5-year auction, US Treasuries calm

TOKYO: Japanese government bond (JGB) yields declined on Tuesday, with buyers gaining confidence from strong demand...

Published 14 Nov, 2023 11:27am

Bullion Rate

Gold little changed as investors brace for US inflation report

Gold prices were stuck in a narrow range on Tuesday as investors refrained from taking big positions ahead of US...

Published 14 Nov, 2023 11:22am

Sports

Neymar responding well to treatment, says Brazil’s team doctor

RIO DE JANEIRO: Brazil forward Neymar is recovering well from the knee surgery he had after suffering an injury last...

Published 14 Nov, 2023 11:12am

Sports

Taylor says favourites India will be nervous about facing Black Caps

BENGALURU: India are favourites heading into their World Cup semi-final against New Zealand but the hosts will be...

Published 14 Nov, 2023 11:10am

Business & Finance

Indo-Pacific trade talks need ‘further work’: Yellen

SAN FRANCISCO: US Treasury Secretary Janet Yellen on Monday said there has been “very substantial progress” on three...

Published 14 Nov, 2023 11:04am

Technology

Tesla to double its components imports from India

BENGALURU: US electric car maker Tesla Inc is planning to double the number of components it imports from India,...

Published 14 Nov, 2023 11:01am

USA

Biden meets with Indonesia president ahead of Xi summit

WASHINGTON: Leaders from the United States and Indonesia held discussions on Monday that will set the stage for US...

Published 14 Nov, 2023 10:44am

South Asia

Heavy machinery brought in to pull out Indian workers from collapsed tunnel

LUCKNOW: Excavators began drilling with heavy machinery on Tuesday to fix a wide steel pipe that will help pull out...

Published 14 Nov, 2023 10:33am

World

Brazil’s Lula welcomes citizens rescued from Gaza, condemns ‘inhumane violence’

SAO PAULO: Brazilian President Luiz Inacio Lula da Silva on Monday welcomed 32 nationals that his government managed...

Published 14 Nov, 2023 10:29am

World

Ukraine says Russians intensify bombardment of Avdiivka

Fighting gripped the area around the shattered eastern Ukrainian town of Avdiivka, Ukraine’s military said on...

Published 14 Nov, 2023 10:23am

Asia

UN states concerned China and Russia helping North Korea: Austin

SEOUL: US Defence Secretary Lloyd Austin said on Tuesday UN member countries enforcing the Korean War armistice are...

Published 14 Nov, 2023 10:18am

Asia

North Korea criticises G7 as ‘remnant of the Cold War’

SEOUL: North Korea criticised the Group of Seven countries as a “remnant of the Cold War” that causes conflicts for...

Published 14 Nov, 2023 10:15am

Stocks

Asia stocks rise ahead of US inflation data; yen stumbles

SINGAPORE: Asian shares inched up on Tuesday in cautious trading ahead of a crucial US inflation report that could...

Published 14 Nov, 2023 10:09am

Stocks

Australian shares rise on broad-based gains; CBA inches higher

Australian shares rebounded in broad-based buying on Tuesday, with energy and mining stocks leading the gains on the...

Published 14 Nov, 2023 10:03am

Stocks

Japan’s Nikkei rises on optimism for corporate outlook

TOKYO: Japan’s Nikkei share average rose on Tuesday amid expectations that domestic firms would continue posting...

Published 14 Nov, 2023 10:01am

Forex

Yen’s fall toward multi-decade lows keeps markets on intervention watch

SINGAPORE: The battered yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a...

Published 14 Nov, 2023 09:59am

Hike in gas tariffs: Exporters in deep trouble: TMAP

KARACHI: Towel Manufacturers Association of Pakistan called an extraordinary general meeting on Saturday (Nov 11),...

Updated 14 Nov, 2023 08:52am

Hydroelectric sector: Wapda challenges Nepra’s tariff determination

ISLAMABAD: Water and Power Development Authority (Wapda) has challenged National Electric Power Regulatory AUTHOIRTY...

Updated 14 Nov, 2023 08:51am

Efforts afoot to plug revenue leakage, PM told

ISLAMABAD: The Federal Board of Revenue (FBR), Monday, informed caretaker Prime Minister Anwaar ul Haq Kakar that...

Updated 14 Nov, 2023 08:45am

Nawaz due in Quetta today

LAHORE: In a bid to recapture the party-hold in Balochistan, former prime minister and PML-N supremo Nawaz Sharif is...

Updated 14 Nov, 2023 08:44am

‘Corruption’ in contract award: Power Division-Senate panel dispute deepens

ISLAMABAD: The wrangle between the Power Division and Chairman Senate Standing Committee on Power, Senator Saifullah...

Updated 14 Nov, 2023 08:34am

Another attack on oil workers in DIK;driver killed

DERA ISMAIL KHAN: Some unknown terrorists attacked the employees of an oil and gas company, killing one of them and...

Updated 14 Nov, 2023 08:33am

Two soldiers martyred, one terrorist killed in N Waziristan

RAWALPINDI: Two soldiers were martyred and a terrorist was killed during an exchange for fire with terrorists in...

Updated 14 Nov, 2023 08:27am

HBFC sell-off process to be completed by Dec 15th

ISLAMABAD: The Privatisation Commission has decided to complete the privatisation process of House Building Finance...

Updated 14 Nov, 2023 08:24am

BR Research

HASCOL’s losses uncontrollable

While Hascol Petroleum Limited (PSX: HASCOL) witnessed some decline in losses in 2021, the following years have...

Published 14 Nov, 2023 08:22am

BR Research

Cement: Checking expectations

Despite a month-on-month downtick in cement industry dispatches during Oct-23 which is likely seasonal in nature, in...

Published 14 Nov, 2023 08:21am

BR Research

Prosperity Weaving Mills Limited

Prosperity Weaving Mills Limited (PSX: PRWM) was incorporated in Pakistan as a public limited company in 1991. The...

Published 14 Nov, 2023 08:19am

IMF-govt policy-level talks begin

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar on Monday began policy-level talks with the visiting staff...

Updated 14 Nov, 2023 08:18am

CCP struggling to recover Rs44bn penalty amount

ISLAMABAD: The Competition Commission of Pakistan (CCP) is facing a prolonged delay in the recovery of Rs 44 billion...

Updated 14 Nov, 2023 08:16am

BR’s refresher: your morning briefing for the day

Important updates from November 13, 2023

Published 14 Nov, 2023 08:07am

Letters

By the way, where’s Hezbollah?

The role of Hezbollah in Lebanon in relation to growing Israeli atrocities on Palestinians in Gaza and the occupied...

Updated 14 Nov, 2023 06:56am

World

UN observes minute’s silence for 101 staff killed in Gaza

GENEVA: United Nations workers observed a minute’s silence on Monday to honour the more than 100 employees killed...

Updated 14 Nov, 2023 06:55am

Opinion

The gas saga

On June 2, 2023, Ogra (Oil and Gas Regulatory Authority) set an average price for both the Sui companies. The higher...

Updated 14 Nov, 2023 05:46am

Opinion

We just can’t compete

Distortions caused by a distraught policy landscape — from high energy costs to an industry-wide liquidity crisis...

Updated 14 Nov, 2023 05:44am

Opinion

Estimation of the quarterly GDP

Pakistan has committed to the IMF in the Memorandum of Economic and Financial Policies, as part of the Stand-by...

Updated 14 Nov, 2023 05:42am

World

Lebanon front with Israel heats up, stoking fears of wider war

BEIRUT/JERUSALEM: Weeks of hostilities across the Lebanese-Israeli border have escalated, with growing casualties on...