News Archives for Latest - 2024-06-04

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Movies & Music

Mick Jagger, strutting at 80, teases new album and more touring

LOS ANGELES: How does it feel for Mick Jagger to be back on tour singing, dancing and strutting across stadium...

Published 04 Jun, 2024 11:27pm

Europe

Main Russian attacks on Donetsk region: Zelensky

KYIV: Ukraine’s President Volodymyr Zelensky said Tuesday that Russian forces were focusing their main firepower on...

Published 04 Jun, 2024 10:47pm

World

Israel says signs $3bn deal with US for 25 F-35 fighter jets

JERUSALEM: Israel said Tuesday it signed a $3 billion deal to buy a third squadron of 25 advanced F-35 stealth...

Published 04 Jun, 2024 10:21pm

Pakistan

CPEC, investments, loans: PM arrives in China

Prime Minister Shehbaz Sharif on Tuesday arrived in Shenzhen, China for a five-day official visit during which he...

Updated 04 Jun, 2024 10:21pm

Stocks

Selling pressure at PSX, KSE-100 down over 900 points

KSE-100 falls below 75,000 level as index-heavy stocks take battering

Updated 04 Jun, 2024 10:20pm

Pakistan

SIC in assemblies: CJP says PTI’s intra-party elections could have solved problems

Justice Muneeb remarks the Election Commission’s decision to remove the bat symbol had set forth a ‘cascading’ series of errors

Updated 04 Jun, 2024 10:19pm

Currency

Rupee registers minor gain against US dollar

Currency settles at 278.30 against the greenback in the inter-bank market

Updated 04 Jun, 2024 10:18pm

South Asia

Early India vote count shows Modi alliance in majority but short of landslide

400 seats at the moment certainly looks distant, BJP spokesperson says

Updated 04 Jun, 2024 09:36pm

South Asia

India’s BJP concedes defeat in Ayodhya, where Modi opened grand Ram temple

NEW DELHI: India’s ruling Bharatiya Janata Party conceded defeat on Tuesday in a constituency where the inauguration...

Updated 04 Jun, 2024 09:29pm

Middle East

Saudi warns of above-average heat during the Hajj

RIYADH: Saudi Arabia said Tuesday pilgrims can expect average high temperatures of 44 degrees Celsius (111 degrees...

Published 04 Jun, 2024 07:43pm

Energy

Oil drops more than $1 as OPEC+ decision spotlights shaky demand

LONDON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this...

Updated 04 Jun, 2024 07:29pm

Stocks

Indian shares post worst day in 4 years as polls show unexpectedly narrow Modi win

BENGALURU: Indian shares plunged across the board on Tuesday, posting their worst session in more than four years,...

Updated 04 Jun, 2024 07:21pm

USA

Biden says Netanyahu could be prolonging Gaza war for political aims

WASHINGTON: US President Joe Biden said Israeli leader Benjamin Netanyahu may be stalling on ending the aggression...

Published 04 Jun, 2024 07:14pm

Europe

Germany looks to deportations to Afghanistan after police killing

BERLIN: Germany is considering deporting Afghan migrants who pose a security threat back to Afghanistan, the...

Published 04 Jun, 2024 06:59pm

Markets

IATA again urges Pakistan to release blocked airline funds

The International Air Transport Association (IATA), a trade body of global airlines, on Tuesday again urged Pakistan...

Updated 04 Jun, 2024 06:56pm

Middle East

Saudi cabinet says it is extending voluntary oil cuts to boost market stability

DUBAI: Saudi Arabia’s cabinet on Tuesday welcomed the latest OPEC+ decisions, saying Saudi Arabia’s decision with...

Published 04 Jun, 2024 06:47pm

Sports

Gauff beats Jabeur to reach French Open semi-finals

PARIS: World number three Coco Gauff came back from a set down to defeat Ons Jabeur and reach her second French Open...

Published 04 Jun, 2024 06:11pm

Sports

Swiatek roars into French Open semis as Alcaraz battles Tsitsipas

PARIS: Reigning women’s champion Iga Swiatek continued her ruthless demolition of French Open opponents Tuesday as...

Published 04 Jun, 2024 06:07pm

South Asia

Sri Lanka deploys army after 26 killed in monsoon storms

COLOMBO: Heavy monsoon rains and mudslides in Sri Lanka have killed at least 26 people, the government said Tuesday,...

Published 04 Jun, 2024 05:04pm

Middle East

Mediator Qatar urges clear positions for Gaza ceasefire

DUBAI: Qatar, which has been mediating on Gaza between Israel and Hamas, stressed on Tuesday that there should be a...

Published 04 Jun, 2024 04:57pm

Stocks

Sri Lankan shares end higher as consumer staples, financials gain

CSE All-Share index settled 0.45% higher at 12,104.40

Published 04 Jun, 2024 04:41pm

Commodities

Copper dips below $10,000 as consolidation continues

LONDON: Copper prices dipped below the key mark of $10,000 a metric ton on Tuesday for the first time in three weeks...

Published 04 Jun, 2024 04:39pm

Commodities

Palm slips more than 3% on weaker Dalian contracts and crude oil

KUALA LUMPUR: Malaysian palm oil futures fell more than 3% on Tuesday as trading resumed after a public holiday,...

Published 04 Jun, 2024 04:37pm

Movies & Music

Netflix renews ‘Heeramandi: The Diamond Bazaar’ for season 2

Bollywood filmmaker Sanjay Leela Bhansali’s ‘Heeramandi: The Diamond Bazaar’ has been renewed for a second season,...

Published 04 Jun, 2024 04:00pm

Companies

Empowering dreams, building futures: Haier’s scholarships for students

In a world where access to education can often be a barrier to success, Haier is stepping up to make a difference....

Published 04 Jun, 2024 03:47pm

Europe

Two pilots killed in Turkiye military training plane crash

ANKARA: A military training plane has crashed in central Turkiye, killing the two pilots aboard, the defence...

Published 04 Jun, 2024 02:51pm

Luxury

Macau casinos play best hands to win over premium customers

HONG KONG: A change in the type of customers coming to Macau has seen smaller casino operators MGM China and Wynn...

Published 04 Jun, 2024 02:30pm

Luxury

‘Most visited place on earth’: Emaar announces AED1.5bn expansion for Dubai Mall

Dubai Mall – the “most visited place on earth” in 2023 – is set to undergo an AED1.5 billion expansion, which will...

Published 04 Jun, 2024 02:09pm

Stocks

Most Gulf markets muted on falling oil prices

Most stock markets in the Gulf were subdued in early trading on Tuesday on falling oil prices as traders worried...

Published 04 Jun, 2024 02:01pm

Commodities

Gold price per tola increases Rs700 in Pakistan

After remaining unchanged in the previous session, gold prices rose in Pakistan on Tuesday in line with an increase...

Published 04 Jun, 2024 01:53pm

Movies & Music

‘Star Wars’ show ‘Acolyte’ merges murder mystery with family drama

LOS ANGELES: For Amandla Stenberg, the ‘Star Wars’ franchise is about how trauma affects everyone and how the...

Published 04 Jun, 2024 01:26pm

Europe

World falling short on 2030 renewables goal: IEA

PARIS: Nations are falling short of the goal agreed at UN climate talks to triple renewable energy capacity by 2030...

Published 04 Jun, 2024 01:02pm

Mutual Funds

JGB yields slide on firm auction demand, lower US yields

TOKYO: Benchmark Japanese government bond yields sank on Tuesday as robust demand at an auction of the securities...

Published 04 Jun, 2024 12:58pm

Europe

Russian missile attack on Ukraine’s Dnipro injures seven people, including two children

KYIV: Russian missile attack on the central city of Dnipro injured seven people, including two children, and damaged...

Published 04 Jun, 2024 12:55pm

Forex

South African rand slips before Q1 GDP data

JOHANNESBURG: The South African rand slipped in early trade on Tuesday before the release of first-quarter gross...

Published 04 Jun, 2024 12:51pm

Commodities

India’s May palm oil imports reach 4-month high on price drop-dealers

MUMBAI: India’s palm oil imports rose by 12.4% in May from the previous month to reach the highest level in four...

Published 04 Jun, 2024 12:48pm

Europe

Spain’s May jobless falls 2.2% from April to 2.61mn

The number of people in Spain registering as jobless fell 2.2% in May from a month earlier, or by 58,560 people,...

Published 04 Jun, 2024 12:42pm

Stocks

London stocks fall as energy stocks drag

London stocks slipped on Tuesday as investors assessed the chances of an earlier US rate cut against a backdrop of...

Published 04 Jun, 2024 12:39pm

Europe

Sunak v Starmer: UK leaders to spar in election’s first TV debate

LONDON: Britain’s Conservative Prime Minister Rishi Sunak and Labour opposition leader Keir Starmer go head-to-head...

Published 04 Jun, 2024 12:29pm

World

World leaders laud Sheinbaum’s ‘historic’ Mexico election win

MEXICO CITY: Congratulations poured in from around the world Monday after Claudia Sheinbaum was elected Mexico’s...

Published 04 Jun, 2024 12:19pm

Stocks

European stock markets drop at open

LONDON: Europe’s main stock markets retreated at the start of trading on Tuesday following falls in Asia and on Wall...

Published 04 Jun, 2024 12:13pm

South Asia

Bangladeshi garment workers fall ill as temperatures soar

DHAKA: In the factory where Aysha Talukder Tanisa stitches jeans and children’s clothes for Western brands, the...

Published 04 Jun, 2024 12:10pm

Sports

Carlos Alcaraz tackles Tsitsipas at French Open as Swiatek targets semis

PARIS: Carlos Alcaraz and Stefanos Tsitsipas square off Tuesday in a repeat of their French Open quarter-final from...

Published 04 Jun, 2024 12:02pm

Sports

Five players to watch at Euro 2024

LONDON: AFP Sport picks out five star names to look out for at Euro 2024 in Germany. Jude Bellingham (England) Fresh...

Published 04 Jun, 2024 11:56am

Stocks

Hong Kong shares fall in opening exchanges

HONG KONG: Hong Kong stocks opened lower Tuesday morning, in line with losses across Asia, following US data...

Published 04 Jun, 2024 11:32am

Sports

Past European Championship winners

BERLIN: Former winners of the European Championship ahead of Euro 2024 in Germany from June 14 to July 14: 2021...

Published 04 Jun, 2024 11:31am

Sinopec not interested in refinery project

ISLAMABAD: The government’s plan to set up an oil or petrochemical refinery with China’s cooperation is almost a...

Updated 04 Jun, 2024 11:26am

Chinese IPPs step up pressure for payment of dues

ISLAMABAD: As Prime Minister Shehbaz Sharif is leaving for China on a four-day (June 4-8) official visit on Tuesday...

Updated 04 Jun, 2024 11:26am

Sports

Rahul Dravid to bow out as India coach after T20 World Cup

NEW YORK: Rahul Dravid said Monday that he will leave his post as India coach at the end of the T20 World Cup after...

Published 04 Jun, 2024 11:25am

Sports

Afghanistan rout debutants Uganda in T20 World Cup opener

GEORGETOWN: Afghanistan produced a dominant bowling and batting performance to thrash debutants Uganda by 125 runs...

Published 04 Jun, 2024 11:23am

Sports

Serbia’s goal machine Mitrovic the lynchpin for Euro newcomers

Serbia striker Aleksandar Mitrovic, a prolific marksman at club level and among the top scorers in Euro 2024...

Published 04 Jun, 2024 11:18am

Business & Finance

Thai exports seen up 1-2% this year, shippers group says

BANGKOK: Thailand’s exports are expected to rise 1% to 2% this year, the Thai National Shippers’ Council said on...

Published 04 Jun, 2024 11:15am

Energy

Saudi non-oil activity growth slows in May, PMI shows

DUBAI: Growth in non-oil business activity in Saudi Arabia eased in May as new orders rose at the slowest pace in 25...

Published 04 Jun, 2024 11:14am

Commodities

Corn, wheat drop; soybeans rise after 5-day slide

JAKARTA: Chicago corn futures fell for a sixth consecutive session on Tuesday to their lowest levels in six weeks,...

Published 04 Jun, 2024 11:07am

Stocks

Asian shares retreat as investors question US economic strength

SYDNEY: Asian share markets were mildly weaker on Tuesday as global investors consider the prospect the US economy’s...

Published 04 Jun, 2024 11:05am

Forex

China’s yuan weakens, defying broader Asia gains

HONG KONG: China’s yuan eased against the dollar on Tuesday, defying wider gains in Asian currencies as foreign...

Published 04 Jun, 2024 11:03am

Forex

Most Asian FX rise on bets on Fed rate cut, Indian markets dive

Most Asian currencies were boosted by a weaker greenback overnight on Tuesday, as data from the world’s largest...

Published 04 Jun, 2024 11:01am

Forex

Indian rupee to inch up at open, traders eye election verdict

MUMBAI: The Indian rupee will open marginally higher on Tuesday, with the intraday direction to be dictated by...

Published 04 Jun, 2024 11:00am

Forex

Forex intervention had a certain impact: Japan finance minister

TOKYO: Japan’s foreign exchange market intervention in late April and early May had a certain impact, Finance...

Published 04 Jun, 2024 10:58am

Mutual Funds

India 10-year yield sees biggest spike in 8 months on poll results uncertainty

MUMBAI: Indian government bond yields jumped sharply, with the 10-year benchmark bond yield seeing its biggest surge...

Published 04 Jun, 2024 10:56am

Business & Finance

South Korea consumer inflation slows to 10-month low

SEOUL: South Korea’s consumer inflation slowed for a second straight month in May to a 10-month low, official data...

Published 04 Jun, 2024 10:51am

Stocks

Australia shares flat as miners offset gains in financials, healthcare

Australian shares were largely flat on Tuesday, as losses in heavyweight mining stocks offset gains in banking,...

Published 04 Jun, 2024 10:50am

Commodities

Dalian iron ore extends loss on faltering near-term China demand

BEIJING: Iron ore futures were mixed on Tuesday, with the Dalian benchmark extending losses amid lingering concerns...

Published 04 Jun, 2024 10:48am

Commodities

Palm oil falls more than 3% on weaker Dalian contracts and crude oil

KUALA LUMPUR: Malaysian palm oil futures fell over 3% on Tuesday as trading resumed after a public holiday, with...

Published 04 Jun, 2024 10:47am

Bullion Rate

Gold flat as spotlight shifts to US data

Gold prices were flat in early Asian trading on Tuesday after a sharp gain in the previous session, as investors...

Published 04 Jun, 2024 10:45am

Stocks

Japan’s Nikkei slips; investors seize profits after two-day rise

TOKYO: Japan’s Nikkei share average fell on Tuesday as profit-taking set in after Japanese equities rebounded close...

Published 04 Jun, 2024 09:59am

Forex

Dollar wallows at multi-month lows as Fed cut bets firm

TOKYO: The dollar languished at its lowest since March against the euro and sterling on Tuesday as signs of a...

Published 04 Jun, 2024 09:50am

Contractual obligations, rollovers, loans: PM’s China visit aims at getting a breathing space

Sources say PM hopes to secure Chinese cooperation in agriculture, information technology, energy, and alternative energy under CPEC

Updated 04 Jun, 2024 09:41am

April FCA: KE seeks provisional adjustment

ISLAMABAD: K-Electric (KE) has sought provisional adjustment in its fuel charges under three scenarios for the month...

Updated 04 Jun, 2024 09:35am

Demand of CJP’s recusal: PBC, SCBA denounce political party’s statement

ISLAMABAD: The Pakistan Bar Council (PBC) and the Supreme Court Bar Association (SCBA) strongly denounced the recent...

Updated 04 Jun, 2024 09:33am

Inflation slows to 11.8pc in May, lowest in 30 months

ISLAMABAD: The Consumer Price Index (CPI) based inflation increased to 11.8 per cent on a year-on-year (YoY) basis...

Updated 04 Jun, 2024 09:33am

Business confidence improves by 4pc: OICCI survey

KARACHI: Business confidence in Pakistan has improved by 4 percent, though it remains in the negative, as reflected...

Updated 04 Jun, 2024 09:22am

Final date for federal budget yet to be decided

ISLAMABAD: The National Assembly Secretariat has formulated a tentative schedule for the budget session likely to be...

Updated 04 Jun, 2024 09:22am

SBP likely to lower policy rate: S&P GMI

ISLAMABAD: Pakistan’s headline inflation rate declined for the fifth consecutive month to 11.8 per cent in May and...

Updated 04 Jun, 2024 09:22am

BR Research

CPI: a surprise reading – but will it hold?

Over the past two years, rising inflation shattered records and surpassed analysts’ expectations. However, a...

Published 04 Jun, 2024 09:01am

BR Research

Sugar industry: political affiliation isn’t helping

The sugar industry is in the news again. The industry wants a license to export surplus stocks; the government wants...

Published 04 Jun, 2024 08:58am

BR Research

Octopus Digital Limited

Octopus Digital Limited (PSX: OCTOPUS) was incorporated in Pakistan as a private limited company in 2017 as Avanceon...

Published 04 Jun, 2024 08:55am

FBR digitalisation: Aurangzeb discusses ‘quick wins’ with McKinsey head

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday said the government is committed to improving tax...

Updated 04 Jun, 2024 08:52am

Reserved seats allocation case: In every period parties have been victimised: Justice Minallah

ISLAMABAD: Justice Athar Minallah said in every period the political parties have been victimised either by...

Updated 04 Jun, 2024 08:45am

BR’s refresher: your morning briefing for the day

Important updates from June 3, 2024

Published 04 Jun, 2024 08:44am

Perspectives

Sovereign and strategic: looking at a budget beyond the IMF

Recently, Pakistan’s coffers were replenished with the final tranche from the IMF’s Stand-by Agreement (SBA),...

Published 04 Jun, 2024 08:00am

Stocks

Gong ceremony held to celebrate listing of IPAK

KARACHI: A gong ceremony was held at Pakistan Stock Exchange (PSX) on Monday to celebrate the listing of...

Updated 04 Jun, 2024 06:56am

Editorials

The PM’s visit to China

EDITORIAL: The Chinese Ambassador to Pakistan, Jiang Zeidong, recently stated that Prime Minister Shehbaz Sharif’s...

Updated 04 Jun, 2024 06:50am

Opinion

Predictable decline of ANC

The results of South Africa’s general elections have delivered a stunning blow to the ruling African National...