News Archives for Latest - 2024-04-03

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Archive - 2024-04-03

Europe

Polish aid worker’s friend remembers ‘hero’ killed in Israeli airstrike in Gaza

WARSAW: A friend of the Polish aid worker who was killed in Gaza this week paid tribute on Wednesday to a man he...

Published 03 Apr, 2024 11:52pm

World

Users report brief WhatsApp outage

Users reported a brief outage of messaging platform WhatsApp on Wednesday night with downdetector.pk, which tracks...

Published 03 Apr, 2024 11:34pm

Europe

Finland signs Ukraine security deal, Zelenskiy warns of Russia troop plans

KYIV: Finland’s president on Wednesday signed a 10-year security deal with Ukraine in Kyiv where President Volodymyr...

Published 03 Apr, 2024 11:17pm

World

Chef Jose Andres says Israel targeted his aid workers ‘systematically, car by car’

WASHINGTON: Celebrity chef Jose Andres told Reuters in an interview on Wednesday that an Israeli attack that killed...

Published 03 Apr, 2024 11:10pm

World

US wants Israeli investigation into attack on WCK aid workers completed quickly

WASHINGTON: The United States wants to see the Israeli investigation into an attack that killed seven Work Central...

Published 03 Apr, 2024 11:03pm

Companies

PRL, Air Link withdraw intention to buy 77.42% shares, control of Shell Pakistan

Pakistan Refinery Limited (PRL) and Air Link Communication Limited (Air Link) have announced their withdrawal from...

Updated 03 Apr, 2024 10:34pm

Bullion Rate

Gold price per tola increases Rs1,800 in Pakistan

Gold rates in Pakistan advanced on Wednesday in line with their increase in the international rate. The yellow metal...

Updated 03 Apr, 2024 10:30pm

Pakistan

‘Significantly increased security’: Chinese dam project reopens after suicide bombing in KPK

Govt hopes to convince China Gezhouba Group Company to reopen other dam site next week

Updated 03 Apr, 2024 10:29pm

Pakistan

IHC judges’ accusations: SC adjourns suo motu hearing

The Supreme Court (SC) adjourned on Wednesday the suo motu hearing on a letter of Islamabad High Court (IHC) judges...

Updated 03 Apr, 2024 10:17pm

Energy

Govt’s petroleum development levy target for FY24 likely to be surpassed: JS Global

The government will likely surpass its Petroleum Development Levy (PDL) collection target for the current fiscal...

Updated 03 Apr, 2024 10:11pm

Stocks

Cement, steel sectors push KSE-100 to record high after 870-point gain

Progress on privatisation plans, rate-cut hopes lead buying sentiment at PSX

Updated 03 Apr, 2024 09:59pm

Pakistan

PM Shehbaz allocates additional portfolios to five federal ministers

Prime Minister Shehbaz Sharif allocated additional portfolios to five federal ministers, a Cabinet Division...

Updated 03 Apr, 2024 09:59pm

Money & Banking

US Fed official now sees just one rate cut at end of 2024

WASHINGTON: The current strength of the US economy means the Federal Reserve should cut interest rates just once...

Published 03 Apr, 2024 09:50pm

Sports

Klopp dismisses talk of Liverpool as title ‘favourites’

LONDON: Liverpool manager Jurgen Klopp is unconcerned his side have been installed as favourites to win the Premier...

Published 03 Apr, 2024 09:48pm

Middle East

Hamas chief accuses Israel of procrastination in truce talks

BEIRUT: Hamas chief Ismail Haniyeh accused Israel on Wednesday of procrastinating in stalled talks to secure a...

Published 03 Apr, 2024 09:46pm

Asia

Nine dead, more than 1,000 injured in most powerful Taiwan quake in 25 years

TAIPEI: At least nine people were killed and more than 1,000 injured Wednesday by a powerful earthquake in Taiwan...

Updated 03 Apr, 2024 08:06pm

Stocks

Gulf markets slip on Fed rate worries; Saudi climbs

Most stock markets in the Gulf slipped on Wednesday as investors turned cautious after strong readings on the U.S....

Published 03 Apr, 2024 08:05pm

Forex

Rupee sees minor loss against US dollar

Currency settles at 277.92 against the greenback in inter-bank market

Updated 03 Apr, 2024 08:03pm

Pakistan

President Zardari lauds exemplary role of armed forces in safeguarding sovereignty of country

President Asif Ali Zardari on Wednesday lauded exemplary role of armed forces in safeguarding the sovereignty of...

Updated 03 Apr, 2024 07:23pm

Stocks

US stocks open lower amid talk of profit-taking after Q1

NEW YORK: Wall Street stocks dipped early Wednesday as markets weighed concerns about US monetary policy and the...

Published 03 Apr, 2024 07:07pm

Sports

Unveiling strategy for ICC T20 World Cup 2024: navigating shift in cricket viewership dynamics

The game is changing, and so are the rules. As we gear up for the ICC T20 World Cup 2024, cricket aficionados aren’t...

Published 03 Apr, 2024 06:39pm

Pakistan

Pakistan facing 30% water shortage for sowing season

LAHORE: Pakistan is facing a 30 percent water shortage at the start of the sowing season for cash crops such as rice...

Published 03 Apr, 2024 05:56pm

Companies

SNGPL’s stance on gas price determination

This is in reference to news items published in the media regarding inclusion of inflated HR cost in the gas pricing...

Published 03 Apr, 2024 05:50pm

Energy

OPEC+ ministers keep oil output policy steady, sources say

LONDON/MOSCOW/DUBAI: A meeting of the top ministers of OPEC+ has kept oil output policy unchanged, three OPEC+...

Published 03 Apr, 2024 05:42pm

Stocks

IT stocks help Indian shares end flat, bucking weakness in Asian peers

BENGALURU: Indian stocks ended little changed on Wednesday, as a rise in information technology shares helped the...

Published 03 Apr, 2024 05:34pm

Commodities

Copper nears two-week high on healthy demand outlook

LONDON: Copper prices rose on Wednesday to their highest in nearly two weeks, driven by a healthy demand outlook on...

Published 03 Apr, 2024 05:30pm

Commodities

Palm extends gains on supply shortage ahead of Eid holiday

JAKARTA: Malaysian palm oil futures closed higher for a third straight session on Wednesday, boosted by hot weather...

Published 03 Apr, 2024 05:20pm

South Asia

Rahul Gandhi files nomination for India election

NEW DELHI: Thousands of supporters thronged India’s most prominent opposition leader Rahul Gandhi during a campaign...

Published 03 Apr, 2024 05:20pm

Energy

Brent oil futures rise towards $90 as supply risks intensify

LONDON: Oil prices extended gains on Wednesday, as investors mulled supply risks stemming from Ukrainian attacks on...

Updated 03 Apr, 2024 05:17pm

Stocks

Eurozone stocks win inflation boost; Asia hit by Taiwan quake

LONDON: Eurozone equities rose Wednesday as a sharper-than-expected inflation slowdown stoked European Central Bank...

Updated 03 Apr, 2024 05:16pm

Sports

Kompany vows Burnley will keep battling to beat the drop

LONDON: Vincent Kompany said there is more to come from Burnley as they attempt to avoid relegation from the Premier...

Published 03 Apr, 2024 05:13pm

Pakistan

PM Shehbaz invites French companies to invest in Pakistan

The French Ambassador briefs the premier on the latest developments on the bilateral front

Published 03 Apr, 2024 05:07pm

Europe

NATO ministers mull 100 billion euro military fund for Ukraine

BRUSSELS: NATO foreign ministers met on Wednesday to discuss how to put military support for Ukraine on a long-term...

Updated 03 Apr, 2024 04:56pm

Business & Finance

Pakistan seeks transfer of agriculture technology from Netherlands

Development shared by Finance Division after Aurangzeb's meeting with the Netherlands envoy

Published 03 Apr, 2024 04:24pm

Movies & Music

Isha Ambani sells Los Angeles mansion to Jennifer Lopez and Ben Affleck for $61mn

Indian billionaire Mukesh Ambani’s daughter, Isha Ambani has sold her luxury Los Angeles mansion to musician...

Published 03 Apr, 2024 04:05pm

Stocks

Sri Lanka shares end higher as consumer staples, financials rise

Sri Lankan shares closed higher on Wednesday, aided by consumer staples and financial stocks. Sri Lankan shares end...

Published 03 Apr, 2024 04:04pm

Movies & Music

Taylor Swift, Christian Louboutin, Magic Johnson newly-minted billionaires: Forbes

Forbes World's Billionaires List 2024 boasts record combined wealth of $14.2 trillion

Published 03 Apr, 2024 03:03pm

Forex

South African rand slips against the dollar

JOHANNESBURG: South Africa’s rand slipped early on Wednesday, as focus in the absence of local economic data shifted...

Published 03 Apr, 2024 02:22pm

Business & Finance

Turkiye inflation inches up in March to 68.5%: official data

ISTANBUL: Price growth in inflation-plagued Turkiye gathered pace in March, rising to 68.5 percent year-on-year, the...

Published 03 Apr, 2024 02:16pm

South Asia

At least 13 Maoists killed in India clash

RAIPUR: At least 13 Maoist insurgents were killed in a clash in central India, police said Wednesday, taking the...

Published 03 Apr, 2024 02:15pm

Literature

One of the oldest books in existence expected to fetch over $2.6mn at auction

NEW YORK: A book from Egypt that was written at the dawn of Christianity and is considered one of the oldest books...

Published 03 Apr, 2024 02:06pm

Sports

India football executive suspended after arrest for hitting women

NEW DELHI: India’s football governing body has suspended a senior executive member after his arrest for allegedly...

Published 03 Apr, 2024 02:00pm

Mutual Funds

Japan’s 10-year bond yield inches down as BOJ keeps bond buying amount intact

TOKYO: Japan’s 10-year government bond yield inched down on Wednesday, as the Bank of Japan (BOJ) defied...

Published 03 Apr, 2024 01:00pm

Mutual Funds

Euro zone bond yields dip ahead of inflation data

LONDON: Euro zone bond yields fell slightly on Wednesday, after rising sharply the previous day, as investors waited...

Published 03 Apr, 2024 12:55pm

Forex

Russian rouble mostly unchanged against US dollar

MOSCOW: The Russian rouble was mostly unchanged against the US dollar on Wednesday. By 0715 GMT, the rouble was...

Published 03 Apr, 2024 12:51pm

Stocks

London stocks open lower following global downturn; Dr. Martens shines

British stocks opened lower on Wednesday, mirroring a global market retreat as investors weighed chances of a more...

Published 03 Apr, 2024 12:47pm

Energy

High crude oil prices a cause for concern, India’s oil secretary says

NEW DELHI: Rising crude oil prices are a cause for concern for the world’s third-largest importer of the commodity,...

Published 03 Apr, 2024 12:43pm

Europe

Polish PM Donald Tusk says Gaza aid worker deaths caused ‘understandable anger’

WARSAW: An attack that killed aid workers, including a Polish national, in Gaza and the reaction of Israeli Prime...

Published 03 Apr, 2024 12:37pm

Stocks

Hong Kong stocks inch down at open

HONG KONG: Hong Kong stocks opened with marginal losses Wednesday morning following another tepid lead from Wall...

Published 03 Apr, 2024 11:42am

USA

Janet Yellen to press China on ‘unfair’ trade practices during visit

WASHINGTON: US Treasury Secretary Janet Yellen leaves Wednesday for China, for the second time in less than a year...

Published 03 Apr, 2024 11:40am

Life & Style

Kanye West accused of racism and antisemitism in new lawsuit

LOS ANGELES: Controversial rapper Kanye West repeatedly yelled at Black employees and praised Adolf Hitler as an...

Published 03 Apr, 2024 11:34am

Sports

Lingard’s Seoul switch threatens to fall flat after slow start

SEOUL: Jesse Lingard said he wanted to enjoy his football again after moving to South Korea, but the former...

Published 03 Apr, 2024 11:29am

Asia

Japan lifts tsunami advisory, Okinawa flights resume

TOKYO: Japan lifted a tsunami advisory on Wednesday and check-in resumed at Okinawa’s main airport where flights had...

Published 03 Apr, 2024 11:22am

Sports

‘Child of the wind’ Yadav races into India T20 reckoning

NEW DELHI: Mayank Yadav was hailed as India’s new pace bowling sensation Wednesday after the tearaway youngster...

Published 03 Apr, 2024 11:17am

South Asia

Ghost in the machine: Deepfake tools warp India election

BENGALURU: Death has not extinguished the decades-long rivalry between two Indian leaders: both have now seemingly...

Published 03 Apr, 2024 11:13am

Sports

Sri Lanka thrash Bangladesh by 192 runs, sweep Test series 2-0

CHITTAGONG: Sri Lanka thrashed Bangladesh by 192 runs in the second Test in Chittagong to sweep the two-match series...

Published 03 Apr, 2024 10:53am

Life & Style

Brussels seeks UNESCO heritage mark for puppetry, flower carpet

BRUSSELS: Brussels is looking to protect two of its historical traditions: rod puppetry and a 1,680-square-metre...

Published 03 Apr, 2024 10:43am

USA

White House hosts muted Ramadan event as Biden’s Israel policy draws anger

WASHINGTON: The White House held a scaled-down iftar dinner on Tuesday to celebrate Islam’s holy month of Ramadan,...

Published 03 Apr, 2024 10:34am

Technology

Chinese smartphone maker Xiaomi starts delivering the first of more than 100,000 EVs ordered

BEIJING: Chinese smartphone maker Xiaomi on Wednesday said it has received more than 100,000 orders for its first...

Published 03 Apr, 2024 10:25am

Asia

Indonesia’s Prabowo pledges cooperation with Japan after promising China closer ties

TOKYO: Indonesia’s president-elect Prabowo Subianto on Wednesday told Japan’s Prime Minister Fumio Kishida he wanted...

Published 03 Apr, 2024 10:23am

Mutual Funds

Indian bond yields seen flattish after rising in previous session

MUMBAI: Indian government bond yields are expected to be little changed in early trade on Wednesday, after rising...

Published 03 Apr, 2024 10:20am

Europe

Russian missile attack in Ukraine’s Dnipro injures 18, governor says

A Russian missile attack on Tuesday damaged an educational facility in Ukraine’s city of Dnipro and injured 18...

Published 03 Apr, 2024 10:19am

Forex

Indian rupee may see relief on dollar pullback; upside largely capped

MUMBAI: The Indian rupee is expected to open marginally higher on Wednesday after the US dollar retreated from a...

Published 03 Apr, 2024 10:18am

Stocks

Australian shares fall as financials and healthcare stocks drag

Australian shares fell on Wednesday, dragged down by financial and healthcare stocks, as investors globally dialled...

Published 03 Apr, 2024 10:17am

USA

Joe Biden ‘outraged’ by Israeli airstrike that killed aid workers in Gaza

WASHINGTON: US President Joe Biden said on Tuesday he was “outraged and heartbroken” by an Israeli airstrike in Gaza...

Published 03 Apr, 2024 10:15am

Bullion Rate

Gold extends record rally on safe-haven appeal, weaker dollar

Gold prices extended their record rally on Wednesday, buoyed by a weaker dollar and safe-haven demand from...

Published 03 Apr, 2024 10:12am

Sports

No. 1 Jessica Pegula avoids early Charleston upset

Top-seeded Jessica Pegula survived an upset scare from Amanda Anisimova in an all-American affair in the first round...

Published 03 Apr, 2024 10:10am

Technology

Singtel rules out selling Australian unit Optus

Singapore Telecommunications (Singtel), Southeast Asia’s largest telecom operator, reiterated on Wednesday that...

Published 03 Apr, 2024 10:07am

19 Senate seats: ruling coalition sweeps polls

KARACHI: The ruling coalition on Tuesday swept the elections held on 19 Senate seats while polls were postponed in...

Updated 03 Apr, 2024 09:56am

World Bank identifies hurdles to foreign investment

Says inflation is expected to remain high

Updated 03 Apr, 2024 09:54am

PM directs completion of two hydropower projects

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed that work on two hydropower projects in Attaabad and...

Updated 03 Apr, 2024 09:48am

MTL barred from selling tractors to any third party

ISLAMABAD: The Chief Justice of Sindh High Court (SHC) has stopped a leading tractor manufacturer from selling 954...

Updated 03 Apr, 2024 09:47am

Promoting foreign investment top priority: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that the promotion of foreign investment is government’s first...

Updated 03 Apr, 2024 09:47am

No reduction in poverty in sight: World Bank projects 1.8pc growth

ISLAMABAD: The World Bank has projected Pakistan’s GDP growth at 1.8 percent against the budgetary estimates of 3.5...

Updated 03 Apr, 2024 09:46am

Stocks

Indian shares set for muted start as US rate concerns spur global drop

BENGALURU: Indian shares are set for a muted start on Wednesday, tracking a drop in global stocks after fresh US...

Published 03 Apr, 2024 09:45am

Forex

Australia, NZ dollars get a respite, bonds get a beating

SYDNEY: The Australian and New Zealand dollars won a reprieve on Wednesday as their US counterpart ran into...

Published 03 Apr, 2024 09:44am

Commodities

Palm rises following gains in Dalian palm oil contract

JAKARTA: Malaysian palm oil futures opened higher for the third straight session on Wednesday, supported by gains in...

Published 03 Apr, 2024 09:43am

Commodities

Copper trends higher on bullish demand outlook

BEIJING: Copper rose on Wednesday amid bullish demand outlook raised by positive manufacturing data from major...

Published 03 Apr, 2024 09:42am

Commodities

Positive supply outlook pushes wheat futures lower

CANBERRA: Chicago Board of Trade (CBOT) wheat futures fell on Wednesday as high crop ratings and favourable weather...

Published 03 Apr, 2024 09:41am

Stocks

Asian shares fall as US yields hold near 4-month high, earthquake hits

SYDNEY: Asian shares tracked Wall Street lower on Wednesday as US yields held near four-month highs, while a...

Published 03 Apr, 2024 09:38am

Stocks

Japan’s Nikkei slumps 1% as Uniqlo owner tumbles on sales drop

TOKYO: Japan’s Nikkei share average slumped more than 1% on Wednesday, weighed down by a fall in heavyweight Fast...

Published 03 Apr, 2024 09:39am

Sports

Michael Bracewell skippers NZ for Pakistan T20s

Michael Bracewell was named captain of a weakened New Zealand squad to play five Twenty20 internationals in Pakistan...

Published 03 Apr, 2024 09:28am

World Bank says PSWF creates ‘challenges’

ISLAMABAD: The World Bank has said that the formation of the Pakistan Sovereign Wealth Fund, valued at about $8...

Updated 03 Apr, 2024 09:21am

Business & Finance

T-bills witness highest USD inflows after 4 years

KARACHI: Finally, with high local interest rates and stable Pak rupee, smart foreign investors are investing in...

Updated 03 Apr, 2024 09:21am

BR Research

WPI: Much more than it shows

While the last two years have piled on a misery of historic proportions on retail prices, the seeds were sown a year...

Published 03 Apr, 2024 09:18am

BR Research

Oil sales in 9MFY24

The oil sales by the oil marketing companies during March 2024 saw a rise of 4 percent year-on-year, and three...

Published 03 Apr, 2024 09:14am

BR Research

Systems Limited

Systems Limited (PSX: SYS) was founded in 1977 as a private limited company and was converted into a public listed...

Published 03 Apr, 2024 09:11am

PM seeks plan to boost exports

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the MoC to prepare an action plan to double domestic exports...

Updated 03 Apr, 2024 08:51am

New energy vehicles: BYD announces partnership with Mega Conglomerate

ISLAMABAD: The world’s leading new energy vehicle manufacturer BYD (Build Your Dreams), China, has announced a...

Updated 03 Apr, 2024 08:51am

Business & Finance

PSMA seeks permission to export ‘expensively produced’ sugar

ISLAMABAD: The Pakistan Sugar Mills Association (PSMA) has approached the Commerce Ministry to seek permission for...

Updated 03 Apr, 2024 08:50am

BR’s refresher: your morning briefing for the day

Important updates from April 3, 2024

Published 03 Apr, 2024 08:50am

Forex

Dollar firms while yen pinned near 152

SINGAPORE: The dollar was on the front foot on Wednesday, pinning the yen near its lowest its decades though the...

Published 03 Apr, 2024 08:45am

Opinion

Behind the glitter

It thrills but kills. They are people you love to hate but hate to leave. It is a fairy tale. It is a tragedy. It is...