News Archives for Latest - 2024-01-09

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Archive - 2024-01-09

Europe

Ukraine’s Zelenskiy spoke with Poland’s Duda: presidential office

KYIV: Ukraine’s President Volodymyr Zelenskiy spoke to his Polish counterpart Andrzej Duda and discussed Polish...

Published 09 Jan, 2024 11:03pm

World

U.N. experts condemn ‘extrajudicial’ killing of Hamas figure in Lebanon

GENEVA: U.N. experts in international law on Tuesday condemned the killing of Hamas deputy leader Saleh al-Arouri...

Published 09 Jan, 2024 10:55pm

Forex

Rupee records 5th consecutive gain, settles at 281.22 against US dollar

Currency appreciates 0.02% on Tuesday

Updated 09 Jan, 2024 10:45pm

World

World Bank forecasts 2024 global growth to slow for third consecutive year

WASHINGTON: The World Bank warned on Tuesday that global growth in 2024 is set to slow for a third year in a row,...

Updated 09 Jan, 2024 10:43pm

Middle East

Blinken carries Arab message to Israel: keep Palestinian state hope alive

GAZA/TEL AVIV/CAIRO: U.S. Secretary of State Antony Blinken, on his latest mission to rein in the Gaza war, told...

Updated 09 Jan, 2024 10:41pm

Business & Economy

Caretaker govt formally launches ‘Pakistan Startup Fund’

Will aim to invest up to Rs2bn a year in startups

Updated 09 Jan, 2024 10:26pm

Bullion Rate

Gold price per tola gains Rs300 in Pakistan

Gold rates in Pakistan advanced on Tuesday, in line with increase in the international rate. The yellow metal was...

Updated 09 Jan, 2024 10:08pm

Pakistan

Toshakhana reference: court indicts Imran and Bushra Bibi

Former prime minister Imran Khan and his wife Bushra Bibi were indicted on Tuesday in the Toshakhana case....

Updated 09 Jan, 2024 10:02pm

Markets

Caretaker govt intends to make Pakistani markets accessible to MENA: Dr Ejaz

Caretaker Minister for Commerce, Industries & Investment, Dr Gohar Ejaz reiterated the government’s commitment...

Updated 09 Jan, 2024 09:58pm

Stocks

KSE-100 closes in red after range-bound trading

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index endured a range-bound session on Tuesday as it faced...

Updated 09 Jan, 2024 09:57pm

Middle East

As Israel proclaims ‘targeted’ phase of war, Gazans find little change

Gaza health authorities say at least 126 Palestinians killed in last 24 hours, bringing toll since October 7 to 23,210, with thousands more bodies feared still lying, uncounted, under rubble

Published 09 Jan, 2024 09:55pm

Sports

President’s Trophy: WAPDA, HEC, KRL start 5th round on strong note

PTV and KRL are all out before playing their allotted 80 overs while WAPDA bat out their quota of overs

Published 09 Jan, 2024 09:17pm

Technology

NASA expected to push back Moon missions

WASHINGTON: NASA is holding a briefing Tuesday in which it is widely expected to push back the timeline for the...

Published 09 Jan, 2024 09:35pm

Energy

Oil prices firm on Middle East crisis and Libya outage

LONDON: Oil prices rose on Tuesday as the Middle East crisis and a Libyan supply outage reduced the previous day’s...

Updated 09 Jan, 2024 09:29pm

Business & Economy

‘Dubai remains popular segment’: Emirates expects strong growth out of Pakistan

Dubai-based Emirates, one of two flag carriers of the United Arab Emirates (UAE), projects strong growth coming out...

Updated 09 Jan, 2024 09:03pm

World

Oil tankers continue Red Sea movements despite Houthi attacks

HOUSTON: Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have...

Updated 09 Jan, 2024 09:02pm

Business & Finance

US trade deficit narrows unexpectedly in November

WASHINGTON: The US trade gap narrowed in November with imports and exports both falling while higher interest rates...

Published 09 Jan, 2024 08:21pm

Stocks

US stocks retreat after November trade data

NEW YORK: Wall Street stocks retreated early Tuesday following November US trade data that showed a decline in both...

Published 09 Jan, 2024 08:19pm

Cricket

Sri Lanka names T20 squad for Zimbabwe series

COLOMBO: Sri Lanka’s cricket board Tuesday named a 16-member squad led by Wanindu Hasaranga for the three-match T20...

Published 09 Jan, 2024 07:16pm

Forex

Dollar tracks Treasury yields higher, bitcoin holds firm

LONDON: The dollar edged higher on Tuesday, tracking a rise in U.S. Treasury yields as investors questioned whether...

Published 09 Jan, 2024 07:05pm

Commodities

Soybeans and corn steady after multi-year lows

PARIS/CANBERRA: Chicago soybean and corn futures steadied on Tuesday after a slide in oil prices and beneficial rain...

Published 09 Jan, 2024 07:00pm

Stocks

Major Gulf markets mixed ahead of US inflation data

Major stock markets in the Gulf diverged on Tuesday as investors awaited US inflation data for clues on the timing...

Published 09 Jan, 2024 06:52pm

Stocks

Eurozone stocks skid lower on German gloom, despite Asia bounce

LONDON: Eurozone stock markets slid Tuesday as news of a shock contraction in German industrial output fanned fears...

Updated 09 Jan, 2024 06:11pm

Movies & Music

NY Times essay speculating over Swift’s sexuality sparks backlash

NEW YORK: A lengthy essay speculating over superstar Taylor Swift’s sexuality has triggered anger online, with some...

Published 09 Jan, 2024 06:06pm

Technology

CES gadget fest a showcase for AI-infused lifestyle

LAS VEGAS: From self-driving baby carriages to ChatGPT in Volkswagen cars, artificial intelligence is expected to be...

Published 09 Jan, 2024 06:03pm

Forex

Rouble climbs to strongest level since late December as Russian market reopens

MOSCOW: The rouble rose sharply to trade near 90 to the dollar on Tuesday, hitting its strongest level since late...

Published 09 Jan, 2024 05:51pm

Europe

Medics, patients flee Gaza’s remaining hospitals as fighting intensifies: WHO

GENEVA: World Health Organization officials voiced concern on Tuesday about the possible collapse of hospital...

Updated 09 Jan, 2024 05:39pm

Forex

Sterling slips but remains close to 5-month high

LONDON: The British pound was softer against the dollar on Tuesday but wasn’t far from a five-month high hit late...

Published 09 Jan, 2024 05:36pm

Asia

Death toll from New Year’s Day quake in Japan rises above 200

TOKYO: The death toll from the powerful earthquake that flattened parts of central Japan on January 1 passed 200 on...

Published 09 Jan, 2024 05:18pm

Asia

China says successfully launched satellite

BEIJING: China successfully launched a satellite into space on Tuesday, state broadcaster CCTV said. “At 3:03 pm...

Published 09 Jan, 2024 05:15pm

Technology

EU examines Microsoft investment in OpenAI

BRUSSELS: The European Union’s competition regulator said Tuesday it was looking into Microsoft’s investment into...

Published 09 Jan, 2024 05:09pm

Cricket

Cape Town pitch rated ‘unsatisfactory’ after speedy India win

CAPE TOWN: The Newlands pitch on which India beat South Africa in less than two days last week was rated...

Published 09 Jan, 2024 05:07pm

Technology

Google faces multibillion-dollar US patent trial over AI technology

BOSTON: Alphabet’s Google is set to go before a federal jury in Boston on Tuesday in a trial over accusations that...

Published 09 Jan, 2024 04:54pm

Energy

Wärtsilä secures 12-year agreement extension with Sindh Nooriabad Power Company

Technology group Wärtsilä’s Operation & Maintenance (O&M) agreement with Sindh Nooriabad Power Company...

Published 09 Jan, 2024 04:08pm

Sports

Golf legend Tiger Woods says Nike partnership ending

NEW YORK: Tiger Woods announced Monday that he was ending a longstanding partnership with Nike, thanking the sports...

Published 09 Jan, 2024 03:50pm

Technology

iPhone survives 16,000-foot fall from Alaska Airlines flight

WASHINGTON: Now that’s what you call airplane mode – an iPhone that plummeted 16,000 feet (5,000 meters) from an...

Published 09 Jan, 2024 03:47pm

Stocks

Miners, tepid earnings forecasts drag UK equities lower

Britain’s benchmark FTSE 100 reversed early gains to slip on Tuesday, hurt by a sell-off in mining shares, while...

Published 09 Jan, 2024 03:09pm

Europe

France’s Macron to name new PM as he launches political reset

PARIS: French President Emmanuel Macron was expected to appoint a new prime minister on Tuesday, as he seeks to...

Published 09 Jan, 2024 02:51pm

Life & Style

UK’s M&S Christmas food sales growth topped only by Lidl

LONDON: Apart from German-owned discounter Lidl GB, Marks & Spencer was Britain’s fastest growing supermarket in...

Published 09 Jan, 2024 02:37pm

Movies & Music

Golden Globes viewership on CBS jumps 50% from last year

LOS ANGELES: Viewership for Sunday’s star-studded Golden Globe awards rose 50% from last year, averaging 9.4 million...

Published 09 Jan, 2024 02:27pm

South Asia

China congratulates Bangladesh ruling party on ‘successful’ election

BEIJING: China on Tuesday congratulated Bangladesh’s ruling party for its victory in recent elections, after Prime...

Published 09 Jan, 2024 02:18pm

Forex

Kenyan shilling weakens; FX demand from manufacturing and oil weighs

NAIROBI: The Kenyan shilling weakened on Tuesday due to increased demand for dollars from manufacturing and...

Published 09 Jan, 2024 01:32pm

Europe

Portugal’s revamped golden visa scheme to boost investment funds

LISBON: Buying property in Portugal is no longer a route to a “golden visa” giving residency rights but foreigners...

Published 09 Jan, 2024 01:30pm

Forex

South African rand flat as US dollar pauses

JOHANNESBURG: South Africa’s rand was flat early on Tuesday, mirroring the pause in the dollar’s rally ahead of a...

Published 09 Jan, 2024 01:22pm

Business & Finance

Starbucks’ India arm plans to operate 1,000 cafes by 2028

Tata Starbucks, a joint venture between Starbucks and Tata Consumer Products, said on Tuesday it plans to operate...

Published 09 Jan, 2024 01:18pm

Forex

Russian rouble firms as market fully reopens after long January holidays

MOSCOW: The rouble strengthened past 91 to the dollar on Tuesday, heading back towards levels reached in late...

Published 09 Jan, 2024 01:16pm

Europe

Quakes and storms cause $95 billion in insurance losses in 2023

MUNICH: Earthquakes in Turkiye and Syria, storms in the United States and other natural disasters caused an...

Published 09 Jan, 2024 01:15pm

Middle East

Israel’s Herzog to Blinken: Genocide claim at ICJ ‘atrocious and preposterous’

OCCUPIED JERUSALEM: Israeli President Isaac Herzog said on Tuesday that “there is nothing more atrocious and...

Published 09 Jan, 2024 01:11pm

Companies

BMW sales up 10.3% in Q4

BERLIN: BMW’s fourth-quarter group sales rose 10.3% on the year to 718,778 vehicles, the carmaker said on Tuesday....

Published 09 Jan, 2024 01:05pm

Companies

Cathay Pacific needs to address capacity issues, Hong Kong leader says

HONG KONG: Plans by Hong Kong’s Cathay Pacific Airways to slash flights during the busy Lunar New Year period show...

Published 09 Jan, 2024 01:00pm

Business & Finance

Vietnam 2024 economic growth seen at 6.0%: HSBC

HANOI: Vietnam’s economic growth is forecast to accelerate to 6.0% this year, from 5.05% last year, HSBC said on...

Published 09 Jan, 2024 12:59pm

Forex

China’s yuan slips as policy easing expectations grow

SHANGHAI: China’s yuan weakened against the dollar on Tuesday, as comments from a key central bank official...

Published 09 Jan, 2024 12:53pm

Energy

Saudi Arabia tries to thread the needle between crude output, prices: Russell

LAUNCESTON: Saudi Aramco’s decision to cut the price of its crude for Asian customers shows just how difficult it is...

Published 09 Jan, 2024 12:50pm

Stocks

China stocks rebound slightly; tourism shares shine

SHANGHAI: China stocks rebounded slightly on Tuesday, after a five-day losing streak, with tourism companies leading...

Published 09 Jan, 2024 12:46pm

Forex

Indian rupee inches up tracking Asian peers, forward premiums rise

MUMBAI: The Indian rupee was higher on Tuesday, aided by an uptick in its Asian peers and positive sentiment in...

Published 09 Jan, 2024 12:43pm

Mutual Funds

India bond yields decline on optimism over likely Bloomberg index inclusion

MUMBAI: Indian government bond yields fell in the early session on Tuesday, following a proposal to include eligible...

Published 09 Jan, 2024 12:41pm

Commodities

Copper rises as softer dollar lifts appeal

Copper prices rose on Tuesday, as the dollar weakened on bets of interest rate cuts by the US Federal Reserve,...

Published 09 Jan, 2024 12:39pm

Middle East

Blinken on diplomacy push in Israel as it says war to continue all year

GAZA/TEL AVIV/CAIRO: US Secretary of State Antony Blinken was due to meet Israeli leaders on Tuesday in his quest to...

Published 09 Jan, 2024 12:36pm

Stocks

Japan’s Nikkei hits 33-year high as tech stocks surge

TOKYO: Japan’s Nikkei share average hit its highest level since March 1990 on Tuesday, as investors snapped up...

Updated 09 Jan, 2024 12:21pm

Energy

China’s oil production rises to 208mn tons in 2023

BEIJING: China’s crude oil production rose to 208 million metric tons in 2023, equivalent to 4.16 million barrels...

Published 09 Jan, 2024 12:20pm

Technology

Chinese EV giant BYD to launch cars in Indonesia next week

JAKARTA: China’s BYD, the world’s biggest seller of battery electric vehicles (BEVs), will launch its cars in...

Published 09 Jan, 2024 12:18pm

Bullion Rate

Gold rebounds from three-week low on dollar retreat

Gold prices ticked up on Tuesday from a three-week low, helped by a softer dollar after an official US report...

Published 09 Jan, 2024 12:16pm

Europe

Ukrainian shelling injures three in Russia’s Belgorod, governor says

MOSCOW: Ukrainian shelling injured three people in the Russian region of Belgorod late on Monday and air defences...

Published 09 Jan, 2024 12:13pm

Mutual Funds

JGB yields fall as softer Tokyo CPI signals no urgency to hike rates

TOKYO: Japanese government bond (JGB) yields declined on Tuesday as a continued cooling of inflation in the capital...

Published 09 Jan, 2024 12:11pm

Business & Finance

Swiss National Bank posts annual loss of 3 billion Swiss francs

ZURICH: The Swiss National Bank posted an annual loss of 3 billion Swiss francs ($3.54 billion) for 2023, the...

Published 09 Jan, 2024 12:09pm

Commodities

Malaysia palm oil firm Johor Plantations files IPO draft prospectus

SINGAPORE: Malaysian palm oil company Johor Plantations Group has filed a draft prospectus for a domestic initial...

Published 09 Jan, 2024 12:03pm

Commodities

South Korea’s NOFI tenders to buy 138,000 metric tons of corn

HAMBURG: Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up...

Published 09 Jan, 2024 12:01pm

Companies

Ryanair expects to be 5-10 new aircraft short this summer

DUBLIN: Ryanair expects to be five to ten new aircraft short for its peak 2024 summer season due to ongoing Boeing...

Published 09 Jan, 2024 11:59am

Business & Finance

IMF approves disbursement of $60.7 million to Mozambique

JOHANNESBURG: The International Monetary Fund’s executive board has completed the third review of Mozambique’s...

Published 09 Jan, 2024 11:56am

Sports

Australian Open men’s singles champions

MELBOURNE: Men’s singles champions this century at the Australian Open ahead of the tournament on Sunday: 2023 -...

Published 09 Jan, 2024 11:45am

Sports

‘Job done’ as Man Utd avoid FA Cup upset at Wigan

WIGAN: Manchester United eased the pressure on manager Erik ten Hag by ensuring there was no FA Cup third round...

Published 09 Jan, 2024 11:39am

Business & Finance

US Fed official changes tune to back prolonged pause

WASHINGTON: A senior US Federal Reserve official who recently suggested further interest rate hikes could be needed...

Published 09 Jan, 2024 11:37am

BR Research

PKR to appreciate?

The currency market has been moving smoothly for the past month because the PKR is stable in both the interbank and...

Updated 09 Jan, 2024 11:33am

Asia

Magnitude 6.7 quake hits off southern Philippines: USGS

MANILA: A magnitude 6.7 earthquake struck off the coast of the southern Philippines on Tuesday, the US Geological...

Published 09 Jan, 2024 11:32am

Stocks

Hong Kong stocks tick up in opening minutes

HONG KONG: Hong Kong stocks eked out a small gain at the open Tuesday following a strong rally on Wall Street...

Published 09 Jan, 2024 11:30am

Sports

Djokovic to Sinner: Five men to watch at the Australian Open

MELBOURNE: Novak Djokovic is targeting an 11th Australian Open title and in the absence of injured Rafael Nadal...

Published 09 Jan, 2024 11:28am

Asia

Japan sharply revises down quake missing

TOKYO: Japanese authorities sharply revised downwards on Tuesday the number of people unaccounted for following a...

Published 09 Jan, 2024 11:22am

Sports

Osimhen dreams of AFCON title and end to Nigerian suffering

ABIDJAN: Newly crowned African Player of the Year Victor Osimhen is a star on a mission. He wants to transform the...

Published 09 Jan, 2024 11:12am

Sports

Africa the next frontier for trophy hunter Salah

ABIDJAN: Serial goal scorer Mohamed Salah has conquered the world, Europe and England with Liverpool. Now he dreams...

Published 09 Jan, 2024 11:08am

USA

United, Alaska Airlines report loose hardware on 737 MAX planes

NEW YORK: United and Alaska Airlines both reported on Monday that loose hardware had been discovered on some of...

Published 09 Jan, 2024 11:04am

Technology

NASA to push back moon mission timelines amid spacecraft delays

WASHINGTON: NASA is set to delay its next few missions to the moon under a key program as technical hurdles mount...

Published 09 Jan, 2024 10:55am

Stocks

Asian markets gain as global investors await US inflation data

SYDNEY: Asia’s stock indexes were mostly higher Tuesday after a tech-led surge on Wall Street as investors await the...

Published 09 Jan, 2024 10:52am

Technology

TikTok owner ByteDance in talks with Tencent, others to sell gaming assets

HONG KONG: TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming...

Published 09 Jan, 2024 10:50am

Forex

Most Asian stocks, currencies tick higher; US inflation awaited

Most emerging Asian currencies and stocks edged higher on Tuesday, with the Thai baht and South Korean won leading...

Published 09 Jan, 2024 10:47am

Technology

Samsung Electronics flags 35% drop in Q4 profit, well below market consensus

SEOUL: Samsung Electronics Co Ltd reported a likely 35% drop in fourth-quarter operating profit on Tuesday, much...

Published 09 Jan, 2024 10:29am

Stocks

Australian shares rise more than 1% on mining, financial boost

Australian shares rose more than 1% on Tuesday after a four-session slide, with heavyweight mining and financial...

Published 09 Jan, 2024 10:26am

Stocks

India’s Nifty 50 set to open higher tracking Asian peers

BENGALURU: India’s benchmark Nifty 50 index is set to open higher on Tuesday, in sync with a rebound in Asian peers,...

Published 09 Jan, 2024 10:24am

Forex

Dollar pulls back, bitcoin jumps ahead of ETF approval deadline

SINGAPORE: The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve...

Published 09 Jan, 2024 10:17am

Discos likely to be put under army’s microscope

The Federal Cabinet is all set to approve establishment of Performance Management Units (PMUs) in five high loss-making power Distribution Companies

Updated 09 Jan, 2024 10:15am

Summary attracts objections from privatisation ministry

ISLAMABAD: Ministry of Privatisation has reportedly raised objections on Power Division’s summary on constitution of...

Updated 09 Jan, 2024 09:49am

Pakistan

‘ZAB murder’ reference: Stigma attached to person can be removed: SC

ISLAMABAD: Chief Justice Qazi Faez Isa questioned whether the Supreme Court has an option to say it does not hear...

Updated 09 Jan, 2024 09:48am

‘Missing’ bill about missing persons: Senate Secretariat denies responsibility

ISLAMABAD: In the midst of the mystery surrounding the fate of the “missing” bill on missing persons, Senate...

Updated 09 Jan, 2024 09:18am

CCP asks PBS to share data of major sectors

ISLAMABAD: The Competition Commission of Pakistan (CCP) has asked the Pakistan Bureau of Statistics (PBS) to share...

Updated 09 Jan, 2024 09:17am

PM says govt, KE to ensure smooth power supply to Karachi

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar said on Monday that an uninterrupted power supply to Karachi...

Updated 09 Jan, 2024 09:17am

BR Research

Repatriation back on track?

The repatriation of dividends and profits hit a snag in FY23 where the payments of foreign direct investment were...

Published 09 Jan, 2024 09:16am

BR Research

Interview with Mohammed Alnahari Alhashmi, Vice President Pakistan - Emirates Airlines

Pakistan is crucial market for Emirates due to the diaspora and business connections with UAE Mohammed Alnahari...

Published 09 Jan, 2024 09:12am

Alternative funding for PSDP: MoF all set to hire CEO for PDFL

ISLAMABAD: The Finance Ministry has decided to hire the Chief Executive Officer (CEO) of Pakistan Development Fund...

Updated 09 Jan, 2024 08:42am

Category–III wind projects: NPCC asked to devise wheeling mechanism

ISLAMABAD: An inter-organisation committee has directed National Power Control Centre (NPCC), the system operator,...

Updated 09 Jan, 2024 08:41am

Business & Finance

Legal segregation of PIACL discussed

ISLAMABAD: Caretaker Federal Minister for Privatisation Fawad Hasan Fawad chaired a consultative meeting on Monday...

Updated 09 Jan, 2024 08:40am

Restructuring of FBR on the cards

ISLAMABAD: The caretaker government has constituted a high-level committee to submit specific recommendations on the...

Updated 09 Jan, 2024 08:39am

SC clears last hurdle for Nawaz’s re-run

ISLAMABAD: The Supreme Court on Monday by a majority of 6 to 1 overruling the SC’s judgment in Sami Ullah Baloch,...

Updated 09 Jan, 2024 08:39am

BR’s refresher: your morning briefing for the day

Important updates from January 8, 2024

Published 09 Jan, 2024 08:37am

World

Sri Lanka joins US-led naval patrols against Huthis

COLOMBO: Cash-strapped Sri Lanka’s navy said Monday it was joining a US-led maritime taskforce to protect...

Updated 09 Jan, 2024 05:00am

Pakistan

ANP demands action against terrorists

PESHAWAR: Awami National Party (ANP) has condemned terrorist attacks on personnel of law enforcement agencies in...

Updated 09 Jan, 2024 05:00am

Pakistan

The Weather

KARACHI: The weather report on Monday (January 08, 2024) and the forecast for Tuesday (January 09, 2024)...