News Archives for Latest - 2024-05-14

World

Israel and Egypt trade blame over Rafah Crossing closure

JERUSALEM: Israel said on Tuesday that it was up to Egypt to reopen the Rafah Crossing and allow humanitarian relief...

Published 14 May, 2024 11:25pm

Pakistan

‘Dubai Unlocked’: Pakistanis own properties worth $11bn in emirate city, report says

Pakistanis, including ex-government officials, political figures, bureaucrats, and sanctioned individuals own...

Updated 14 May, 2024 11:20pm

Movies & Music

Greta Gerwig’s jury at the Cannes Film Festival

PARIS: An eight member jury led by Greta Gerwig will decide the winner of this year’s Palme d’Or, the top prize of...

Published 14 May, 2024 11:10pm

Business & Economy

Political uncertainty impacting Pakistan economy, says SBP

Policy, structural challenges need to be addressed as necessary tailwind, says central bank in half-year report

Updated 14 May, 2024 10:50pm

Europe

Russia hits residential areas in Ukraine’s Kharkiv, at least 20 hurt

Russia carried out a series of air strikes on residential areas in the city of Kharkiv in northeastern Ukraine on...

Published 14 May, 2024 10:49pm

Commodities

Gold price per tola decreases Rs1,200 in Pakistan

Gold prices maintained their downward trajectory for the third consecutive session in Pakistan on Tuesday in line...

Updated 14 May, 2024 10:40pm

Stocks

KSE-100 powers past 74,000 with over 730-point gain

The Pakistan Stock Exchange (PSX) continued its merry-run on Tuesday as the benchmark KSE-100 gained over 730 points...

Updated 14 May, 2024 10:39pm

USA

China warns new US tariffs will ‘severely affect’ relations

BEIJING: Beijing on Tuesday warned new US tariffs on $18 billion worth of imports from China would “severely affect”...

Updated 14 May, 2024 10:33pm

Pakistan

NAB amendments case: SC allows Imran Khan to appear via video-link

Hearing to be held on May 16

Updated 14 May, 2024 10:28pm

Exchange

Rupee stable against US dollar

Currency settles at 278.18 in inter-bank market

Updated 14 May, 2024 10:26pm

Markets

National Saving Schemes: CDNS revises rates on almost all products

Changes take effect from May 14 onward

Updated 14 May, 2024 09:23pm

Stocks

Fast Cables IPO: funds to be used for capacity expansion, says MD

The book-building process of Fast Cables Limited’s initial public offering (IPO) will take place on May 15 and 16 as...

Updated 14 May, 2024 09:21pm

Business & Economy

Barring ‘strategic entities’, Pakistan to pursue privatisation of all SOEs: PM Shehbaz

In official statement, premier says govt should not be in business of doing business

Updated 14 May, 2024 09:21pm

Money & Banking

US Fed’s Powell expects inflation to fall, though not as confident as before

AMSTERDAM: Federal Reserve Chair Jerome Powell said on Tuesday he expects U.S. inflation to resume declining through...

Published 14 May, 2024 08:48pm

Movies & Music

Meryl Streep: Hollywood’s peerless star

CANNES, France: There is a strong case to be made that Meryl Streep, who picks up a lifetime achievement award at...

Published 14 May, 2024 08:24pm

Europe

Turkiye says to apply to intervene in ICJ genocide case against Israel

ANKARA: Foreign Minister Hakan Fidan said on Tuesday that Turkiye decided to submit its declaration of official...

Published 14 May, 2024 08:12pm

Middle East

UN says nearly 450,000 displaced from Gaza’s Rafah since May 6

RAFAH: The United Nations said Tuesday that nearly 450,000 people have been displaced from Rafah since Israel began...

Published 14 May, 2024 07:52pm

Energy

Oil dips as US data suggests inflation stickier than expected

LONDON: Oil prices edged lower on Tuesday, after US data suggested inflation remains sticky, while OPEC maintained...

Updated 14 May, 2024 07:47pm

South Asia

Sri Lanka says around 280 citizens recruited for Russia-Ukraine war

COLOMBO: Around 280 Sri Lankans have been recruited to fight on both sides of Russia’s war in Ukraine, officials...

Published 14 May, 2024 07:44pm

Perspectives

Pakistan’s Civil Services Exams: making a case for provision of bilingual mode in interviews

Learning Via Negativa, or addition through subtraction, is a highly useful technique to learn. Acting upon this...

Published 14 May, 2024 07:44pm

Sports

PSG star Mbappe will join Madrid: La Liga chief

BUENOS AIRES: La Liga president Javier Tebas says Paris Saint-Germain striker Kylian Mbappe will join Real Madrid...

Published 14 May, 2024 07:17pm

Stocks

US stocks gain, shrugging off inflation report

NEW YORK: Wall Street stocks edged higher early Tuesday, shrugging off disappointing US inflation data and fresh...

Published 14 May, 2024 07:13pm

Sports

Head Coach Gary Kirsten to join Pakistan squad on May 19

Gary Kirsten will join the national men’s side in Leeds on May 19 to commence his two-year tenure as the white-ball...

Published 14 May, 2024 06:55pm

Middle East

Economic shocks spur Saudi to ‘reprioritise’ reforms: official

DOHA: Global economic “shocks”, from the coronavirus pandemic to the war in Gaza, have prompted Saudi Arabia to...

Published 14 May, 2024 06:48pm

Sports

Tabilo follows Djokovic shock by reaching Rome Open quarter-finals

ROME: Alejandro Tabilo followed up his shock elimination of Novak Djokovic at the Rome Open with a 7-6 (7/5), 7-6...

Published 14 May, 2024 06:43pm

Europe

Zelensky expected in Madrid on Friday: Spanish royal palace

MADRID: Ukrainian President Volodymyr Zelensky is expected in Madrid on Friday for an official visit, Spain’s royal...

Published 14 May, 2024 06:31pm

Life & Style

Abu Dhabi sees first beer made in Arab Gulf

ABU DHABI: Inside his Abu Dhabi gastro pub, Chad McGehee inspects shiny steel tanks fermenting a special brew: the...

Published 14 May, 2024 06:16pm

Energy

OPEC sticks to oil demand view, shifts key forecast to OPEC+

LONDON: OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would...

Published 14 May, 2024 05:54pm

Pakistan

Attorney general denies allegations of interference in judicial affairs

Mansoor Usman Awan says no officer of the security establishment has directly contacted any judge or interfered in judicial matters

Published 14 May, 2024 05:37pm

Middle East

World Court to hold hearings over Israel’s Rafah attacks

THE HAGUE: The U.N.‘s International Court of Justice will hold hearings on Thursday and Friday to discuss new...

Published 14 May, 2024 05:33pm

Movies & Music

‘Digital guillotine’: Hollywood celebrities face backlash over Gaza silence

Reality star Kim Kardashian, who attended the Met Gala in New York, has lost hundreds of thousands of Instagram followers in recent days

Updated 14 May, 2024 05:33pm

Europe

US tells Ukraine ‘aid on its way’ as Russia claims advances

KYIV: Secretary of State Antony Blinken on Tuesday assured Ukraine that US military aid was “on its way”, as Russia...

Published 14 May, 2024 05:25pm

Movies & Music

‘Downton Abbey’ to return with a third movie

LONDON: The fictitious Crawley family and their servants running a sprawling English country estate in the early...

Published 14 May, 2024 04:16pm

Sports

Shakib Al Hasan named in Bangladesh T20 World Cup squad, Shanto captain

Bangladesh included experienced all-rounder Shakib Al Hasan in their 15-man squad for the Twenty20 World Cup in the...

Published 14 May, 2024 02:42pm

Forex

Russian rouble slightly weakens against dollar

MOSCOW: The Russian rouble slightly strengthened against the US dollar on Tuesday. By 07:44 GMT, the rouble was...

Published 14 May, 2024 02:40pm

South Asia

Sri Lanka cabinet approves new economic law to meet IMF targets

COLOMBO: Sri Lanka’s cabinet has approved a new economic law that will cover key targets set by the International...

Published 14 May, 2024 02:38pm

Movies & Music

Big movies, strange mood as Cannes Film Festival prepares for opening night

CANNES: The excitement that usually builds to a crescendo ahead of the Cannes Film Festival’s opening night has been...

Published 14 May, 2024 02:37pm

Commodities

Copper hits more than 2-year high despite weaker-than-expected China demand

Copper prices climbed to their highest since April 2022 on Tuesday amid inflows of funds into the base metals...

Published 14 May, 2024 02:36pm

Forex

South African rand lower ahead of mining and unemployment data

JOHANNESBURG: South Africa’s rand weakened early on Tuesday, ahead of local mining and first quarter unemployment...

Published 14 May, 2024 02:35pm

Commodities

India April palm oil imports rise to 3-month high

India’s palm oil imports rose to their highest level in three months in April as lower prices lured buyers, while...

Published 14 May, 2024 02:34pm

Stocks

European shares limp ahead of US data, Powell remarks; Delivery Hero spikes

European shares were subdued on Tuesday as investors braced for a key US inflation data and Federal Reserve Chair...

Published 14 May, 2024 02:33pm

Stocks

Most Gulf bourses muted in early trade

Most stock markets in the Gulf were subdued in early trading on Tuesday, as investors were cautious ahead of the US...

Published 14 May, 2024 02:31pm

Commodities

LME aluminium stocks surge to highest since October 2021

LONDON: Aluminium inventories in warehouses registered by the London Metal Exchange (LME) rose to the highest in...

Published 14 May, 2024 02:29pm

Middle East

Israel’s Rafah attack set Hamas talks ‘backward’: mediator Qatar

DOHA: Israel’s military operation in Rafah has set truce negotiations with Hamas “backward”, mediator Qatar said on...

Published 14 May, 2024 01:45pm

Europe

Pro-Palestinian protesters cleared from Geneva university

GENEVA: Swiss police moved in early Tuesday to remove some 50 pro-Palestinian student protesters holed up in a...

Published 14 May, 2024 01:42pm

South Asia

Narendra Modi files candidacy for India election in Hindu holy city

VARANASI: Cheering crowds greeted Indian Prime Minister Narendra Modi on Tuesday as he submitted his candidacy for a...

Published 14 May, 2024 01:39pm

Luxury

Yellow diamond brooch resembling Queen Elizabeth’s up for auction

GENEVA: A golden-hued diamond brooch, similar to one worn by the late Queen Elizabeth, is expected to be sold for...

Published 14 May, 2024 01:34pm

Asia

Vladimir Putin to visit Beijing, meet Xi this week

BEIJING: Russian President Vladimir Putin will visit China this week and meet with leader Xi Jinping, the two...

Published 14 May, 2024 01:29pm

Luxury

Gucci takes over London’s Tate Modern for cruise line catwalk show

LONDON: Gucci turned London’s Tate Modern art gallery into a catwalk on Monday, as the Italian luxury label...

Published 14 May, 2024 01:27pm

Urea fertilizer: MoF refuses to extend subsidy due to financial snags

ISLAMABAD: The Finance Ministry has reportedly refused to extend subsidy on urea fertilizer due to financial...

Updated 14 May, 2024 01:13pm

NA, Punjab PA: ruling coalition loses two-third majorities

PML-N loses 44 seats in three assemblies, while PPP loses 15 seats in four assemblies

Updated 14 May, 2024 01:13pm

Europe

Four injured in Russian shelling of Kharkiv, Ukraine officials say

KYIV: Four people were injured in fresh Russian attacks on the battered city of Kharkiv in Ukraine’s northeast,...

Published 14 May, 2024 12:36pm

Sports

Juergen Klopp hails Liverpool’s character, bids farewell to away fans

Liverpool’s squad has shown great character this season, manager Juergen Klopp said after the Merseysiders drew 3-3...

Published 14 May, 2024 12:35pm

Middle East

35,173 Palestinians killed in Gaza offensive since Oct. 7, health ministry says

DUBAI: Israel’s military offensive in the Gaza Strip has killed at least 35,173 Palestinians and wounded 79,061...

Published 14 May, 2024 12:34pm

Business & Finance

BOJ may reduce bond buying in June, hike rates in Sept, says ex- central bank executive

TOKYO: The Bank of Japan (BOJ) may decide to reduce the size of scheduled bond buying next month to resuscitate a...

Published 14 May, 2024 12:33pm

Business & Finance

Turkiye central bank net reserves rose $10bn last week, bankers say

ANKARA: The Turkiye Central Bank’s net reserves rose by $10 billion last week as it continues accumulate foreign...

Published 14 May, 2024 12:31pm

Business & Finance

Delivery Hero in $1.25bn deal with Uber for foodpanda Taiwan sale, investment

Uber announced on Tuesday a $1.25 billion deal to take over Delivery Hero’s foodpanda business in Taiwan and buy new...

Published 14 May, 2024 12:30pm

Sports

Coco Gauff says tweaked serve needs time to take off

American Coco Gauff has accumulated 35 double faults in three matches at the Italian Open, but the world number...

Published 14 May, 2024 12:28pm

Bullion Rate

Gold prices drift higher as key US inflation data looms

Gold prices drifted up on Tuesday, with the spotlight shifting to key inflation reports due this week, which could...

Published 14 May, 2024 12:26pm

Technology

Sony posts 7% fall in annual profit, narrowly misses PS5 target

TOKYO: Japan’s Sony Group reported a 7% fall in annual operating profit on Tuesday, hit by the performance of its...

Published 14 May, 2024 12:24pm

Business & Finance

German final inflation confirmed at 2.4% in April

BERLIN: German inflation inched up in April to 2.4%, the federal statistics office said on Tuesday, confirming...

Published 14 May, 2024 12:21pm

Technology

South Africa’s MTN Q1 service revenue down 18%

JOHANNESBURG: MTN Group, Africa’s biggest telecoms operator, reported an 18.8% fall in its first-quarter service...

Published 14 May, 2024 12:18pm

Commodities

Palm oil trades lower as market waits for export and production data

JAKARTA: Malaysian palm oil futures reversed gains on Tuesday as the market is awaiting Malaysia’s palm oil export...

Published 14 May, 2024 12:17pm

Mutual Funds

Indian bond traders turn to US inflation print after local data meets estimates

MUMBAI: Indian government bond yields were largely unchanged in the early session on Tuesday, as traders moved their...

Published 14 May, 2024 12:15pm

Forex

Indian rupee in a tight band tracking subdued Asian peers

MUMBAI: The Indian rupee was little changed on Tuesday, tracking muted price action in most Asian currencies as...

Published 14 May, 2024 12:14pm

Mutual Funds

JGB yields hit fresh decade-highs on rate-hike bets

TOKYO: Japanese government bond (JGB) yields rose on Tuesday to their highest in more than a decade, as bets grew...

Published 14 May, 2024 12:12pm

Forex

China stocks slip amid US tariff concerns, inflation uncertainty

SHANGHAI: China stocks slipped on Tuesday, while the yuan weakened, as news of fresh US tariffs this week and...

Published 14 May, 2024 12:10pm

Forex

China’s yuan lingers near 2-week low ahead of US inflation

SHANGHAI: China’s yuan hovered near a two-week low on Tuesday against a steady dollar, with investors awaiting an...

Published 14 May, 2024 12:08pm

Sports

WADA to hold extraordinary meeting in Chinese swimmers case

MONTREAL: The World Anti-Doping Agency announced Monday it would hold an extraordinary meeting this week to discuss...

Published 14 May, 2024 11:19am

South Asia

Twelve dead, 60 injured in India billboard collapse

MUMBAI: Twelve people were killed and at least 60 injured after a billboard collapsed during a fierce storm in...

Published 14 May, 2024 11:16am

Sports

Daniil Medvedev battles past Medjedovic and into Rome last 16

ROME: Daniil Medvedev continued his Rome title defence with Monday’s hard-fought 7-6 (7/5), 2-6, 7-5 win over...

Published 14 May, 2024 11:00am

Sports

Tyson says comeback at 57 was ‘no-brainer’

NEW YORK: Former heavyweight king Mike Tyson said Monday his decision to step back into the ring at the age of 57...

Published 14 May, 2024 10:56am

World

UN chief ‘gravely concerned’ by clashes in Sudan’s El-Fasher

UNITED NATIONS: UN Secretary-General Antonio Guterres is “gravely concerned” by fighting in recent days between the...

Published 14 May, 2024 10:54am

Stocks

Hong Kong stocks press on with gains at open

HONG KONG: Hong Kong stocks extended gains at the open Tuesday on investor optimism over upcoming earnings from...

Published 14 May, 2024 10:52am

Europe

Blinken in Ukraine on unannounced visit to show US support: AFP journalist

KYIV, Ukraine: Secretary of State Antony Blinken arrived Tuesday morning in Kyiv on an unnanounced visit meant to...

Published 14 May, 2024 10:49am

Europe

EU to sign off on asylum overhaul as some push for tougher policies

BRUSSELS: A month ahead of EU elections expected to see a surge by far-right parties, the 27-nation bloc will on...

Published 14 May, 2024 10:47am

Stocks

Asian traders bide their time ahead of key US inflation data

HONG KONG: Asian investors shifted cautiously Tuesday ahead of the release of key US inflation data that could have...

Published 14 May, 2024 10:45am

Asia

Death toll from floods in Indonesia’s West Sumatra rises to 50

JAKARTA: The number of people killed by flash floods and mud slides in Indonesia’s West Sumatra province has risen...

Published 14 May, 2024 10:35am

Stocks

Japan’s Nikkei drifts sideways as more earnings, US CPI awaited

TOKYO: Japan’s Nikkei share average drifted sideways in a narrow range on Tuesday as investors braced for more local...

Published 14 May, 2024 10:26am

Stocks

Australia shares inch lower as caution prevails ahead of US inflation data

Australian shares inched lower on Tuesday, dragged by banks, real estate stocks, and miners, while cautious...

Published 14 May, 2024 10:24am

Stocks

Indian shares set for higher open; Shriram Finance in focus

BENGALURU: Indian shares are likely to open higher on Tuesday, after marking a rebound in the last session from the...

Published 14 May, 2024 10:21am

Companies

Australia’s Qantas to suspend flights to Shanghai on low demand

Qantas Airways said on Tuesday it will suspend its Sydney flights to Shanghai from July 28, citing low demand,...

Published 14 May, 2024 10:13am

Forex

Dollar drifts as traders eye US inflation data; frail yen in focus

SINGAPORE: The dollar was steady on Tuesday as investors awaited an inflation report this week that will likely...

Published 14 May, 2024 10:09am

Govt, IMF team start discussions

ISLAMABAD: The government of Pakistan on Monday kick-started the discussions on further engagement with the...

Updated 14 May, 2024 09:38am

Telcos assure Aurangzeb: 5,000 SIM cards of non-filers will be blocked daily

ISLAMABAD: The telecom companies have given assurance to Finance Minister Muhammad Aurangzeb that the mobile phone...

Updated 14 May, 2024 09:36am

Dutch cities: Pro-Palestinian protesters occupy university buildings

AMSTERDAM: Pro-Palestinian protesters on Monday occupied university buildings in the Dutch cities of Amsterdam,...

Updated 14 May, 2024 09:34am

Finance Div earmarks Rs573.9m provisional IBCs for FY24-25

ISLAMABAD: Finance Division has reportedly earmarked Rs 573.915 million Provisional Indicative Budget Ceilings...

Updated 14 May, 2024 09:34am

Three protesters killed

ISLAMABAD: Situation in Azad Jammu and Kashmir (AJK) has further worsened after three protesters were reportedly...

Updated 14 May, 2024 09:33am

BR Research

Remittances staying buoyed

The need for overseas Pakistanis to send in remittances is never overestimated in Pakistan as there never is a time...

Published 14 May, 2024 09:33am

BR Research

Cement: No steam

Stalled projects, cuts in funding, delayed approvals and a tanking economy rang warning bells for the cement...

Published 14 May, 2024 09:27am

BR Research

Interview with Kamal Mahmood Amjad Mian, MD – Fast Cables Limited

‘IPO proceeds to fund plant and machinery and related infrastructure’ Kamal Mahmood Amjad Mian is the Managing...

Published 14 May, 2024 09:18am

Significant decline in prices of petrol, HSD likely

ISLAMABAD: Petrol prices are estimated to decline by Rs 13.40 per litre and high-speed diesel (HSD) by Rs8.19 per...

Updated 14 May, 2024 09:12am

NA budget session to commence on June 6

ISLAMABAD: The ongoing National Assembly session will discuss the proposals regarding the coming budget session for...

Updated 14 May, 2024 09:11am

Power, wheat flour prices slashed in AJK

ISLAMABAD: Prime Minister (PM) of Azad Jammu and Kashmir (AJK) Chaudhry Anwarul Haq has announced that the state...

Updated 14 May, 2024 08:59am

IK says will not flee ‘like Zardari, Nawaz’

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Monday said that he...

Updated 14 May, 2024 08:56am

BR’s refresher: your morning briefing for the day

Important updates from May 13, 2024

Published 14 May, 2024 08:41am

Companies

UBL to build regional office at Naya Nazimabad

KARACHI: United Bank Limited (UBL) - a leading bank of Pakistan, has acquired a 14,092 sq. yards commercial plot in...

Updated 14 May, 2024 06:13am

Opinion

An anti-citizen policy?

Governments are supposed to make people-friendly and welfare-oriented policies. Citizens should not be just tax...