News Archives for Latest - 2025-01-06

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Sports

More than 4,000 runners participate in Karachi Marathon

KARACHI: The Karachi Marathon 2025, a certified annual marathon event in Pakistan, successfully concluded with an...

Updated 09 Jan, 2025 03:27pm

World

UN World Food Programme accuses Israel of firing on Gaza convoy

UNITED NATIONS: The UN’s World Food Programme on Monday accused Israel of firing on one of its aid convoys in the...

Published 06 Jan, 2025 11:19pm

Europe

France orders tighter security after ramming attacks in US, Germany

PARIS: French Interior Minister Bruno Retailleau on Monday ordered increased security at major gatherings following...

Published 06 Jan, 2025 11:11pm

Europe

Turkey’s Erdogan says ready to intervene to prevent any division of Syria

ISTANBUL: Turkish President Recep Tayyip Erdogan said Monday he would order an intervention to prevent any...

Published 06 Jan, 2025 11:03pm

Pakistan

£190mn case: verdict to be announced on January 13

The verdict in the 190 million pounds case against Pakistan Tehreek-e-Insaf (PTI) founder and former prime minister...

Updated 06 Jan, 2025 09:38pm

Currency

Rupee registers marginal decline against US dollar

Currency settles at 278.62 against greenback in inter-bank market

Updated 06 Jan, 2025 09:36pm

South Asia

Bangladesh issues second arrest warrant for exiled Hasina

DHAKA: A Bangladeshi court has issued a second arrest warrant for exiled former leader Sheikh Hasina, this time for...

Updated 06 Jan, 2025 09:33pm

Markets

Pakistan’s Symmetry Group partners with Dubai-based Aleph Holdings, eyes $5mn revenue

Symmetry Group (SYM), a digital technology company based in Pakistan, has entered into an agreement with Aleph...

Updated 06 Jan, 2025 09:31pm

Energy

PPL’s subsidiary receives $6mn settlement from Iraq’s Midland Oil Company

PPL Asia E&P B.V. (PPL Asia), a subsidiary of Pakistan Petroleum Limited (PPL), has received a settlement amount...

Updated 06 Jan, 2025 09:31pm

Stocks

KSE-100 loses 1,332 points after volatile trading

Selling pressure observed in key sectors including commercial banks, oil and gas exploration companies

Updated 06 Jan, 2025 09:28pm

Pakistan

No serious rift between PML-N, PPP, says Ahsan Iqbal

Planning minister and Pakistan Muslim League - Nawaz (PML-N) leader Ahsan Iqbal on Monday assured that there was no...

Updated 06 Jan, 2025 09:28pm

Pakistan

PM orders repatriation of overseas Pakistanis involved in human trafficking

Prime Minister Shehbaz Sharif Monday directed the Ministry of Foreign Affairs to coordinate with relevant countries...

Updated 06 Jan, 2025 09:27pm

Pakistan

NA body expresses displeasure over ‘heavy fines’ on unregistered vehicles

Chair also directs DG FIA to prepare, present legislative draft for stricter punishments for agents involved in human trafficking

Published 06 Jan, 2025 09:07pm

USA

Canada PM Trudeau says he will step down after new Liberal party leader named

Trudeau, under heavy pressure from Liberal legislators to quit amid polls showing party will be crushed at next election, says at news conference that parliament will be suspended until March

Published 06 Jan, 2025 09:22pm

Cricket

South Africa wrap up Test series win over Pakistan

CAPE TOWN: South Africa eased to a 10-wicket victory over Pakistan in the second Test on Monday in Cape Town to...

Updated 06 Jan, 2025 09:01pm

Markets

Engro Holdings appoints Abdul Samad Dawood as CEO

The Board of Directors (BoD) of Engro Holdings Limited, one of Pakistan’s largest conglomerates, has appointed Abdul...

Updated 06 Jan, 2025 08:08pm

Stocks

US stocks edge higher on rebound in chip stocks

WASHINGTON: US stocks opened higher Monday to kick off the trading week, led by a resurgence in chip companies...

Published 06 Jan, 2025 08:00pm

Money & Banking

US Fed can proceed ‘more cautiously’ with rate cuts: official

WASHINGTON: The US Federal Reserve is in a position to proceed “more cautiously” with rate cuts given stubborn...

Published 06 Jan, 2025 07:36pm

PML-N’s Ahsan Iqbal downplays PPP’s coalition split warning

Published 06 Jan, 2025 07:13pm

Companies

Disney nears deal to merge Hulu + Live TV business into Fubo

Walt Disney Co and sports-focused streaming provider FuboTV are nearing a deal to combine their online live TV...

Published 06 Jan, 2025 07:01pm

Asia

China’s foreign minister kicks off Africa tour in Namibia

WINDHOEK: China’s Foreign Minister Wang Yi visited Namibia on Monday and hailed the “time-honoured friendship”...

Published 06 Jan, 2025 06:58pm

Stocks

Most Gulf bourses gain ahead of US economic data

Most stock markets in the Gulf ended higher on Monday as investors looked to minutes of the U.S. Federal Reserve’s...

Published 06 Jan, 2025 06:31pm

Asia

Thailand tourism bounces back, with 35 million visitors in 2024

BANGKOK: Thailand welcomed more than 35 million international tourists in 2024, surpassing the government’s target,...

Published 06 Jan, 2025 05:32pm

Companies

Netflix and WWE aim to fuel wrestling fervor worldwide

LOS ANGELES: Netflix’s next venture into live programming starts Monday when the company streams its first episode...

Published 06 Jan, 2025 05:28pm

South Asia

Indian Maoist roadside bomb kills nine troops

RAIPUR: Indian Maoist guerrillas killed nine members of the security forces on Monday by detonating a roadside bomb...

Published 06 Jan, 2025 05:27pm

Sports

Kasatkina, Badosa roll into Adelaide second round as Vekic crashes

ADELAIDE: World number nine Daria Kasatkina swept into the Adelaide International second round on Monday but Paris...

Published 06 Jan, 2025 05:23pm

Europe

Russia says captured key town in eastern Ukraine

MOSCOW: Russia said Monday its forces had captured the “important logistics hub” of Kurakhove in eastern Ukraine in...

Published 06 Jan, 2025 05:17pm

Companies

Disney, Fox and Warner Bros to ask court to lift ban on launch of Venu Sports service

Three major media companies will ask the U.S. Court of Appeals on Monday to reverse a ruling that blocked the launch...

Published 06 Jan, 2025 05:16pm

Financial

Saudi Arabia to tap debt market with 3-part sovereign bond sale

DUBAI: Saudi Arabia is tapping global debt markets with a planned three-part bond sale on Monday, fixed income news...

Published 06 Jan, 2025 05:01pm

Stocks

Banks, consumer firms drag Indian shares as Q3 updates underwhelm

Indian shares dropped on Monday, dragged mainly by banks and consumer firms after lackluster quarterly updates from...

Published 06 Jan, 2025 04:54pm

Stocks

Sri Lanka shares end lower as real estate, consumer discretionary drag

CSE All-Share index settled 1.06% lower at 15,878.60

Published 06 Jan, 2025 04:51pm

Commodities

Copper lifted by softer dollar but uncertainty clouds outlook

LONDON: Copper prices rose as the dollar eased on Monday, but gains were capped by uncertainty over the demand...

Published 06 Jan, 2025 04:48pm

Commodities

Palm slips on poor demand from India

KUALA LUMPUR: Malaysian palm oil futures slipped on Monday, pressured by weak demand from key destination market,...

Published 06 Jan, 2025 04:45pm

Deadline of CM Punjab’s solar panel scheme ends

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif launched free Solar Panel Scheme to provide permanent relief to...

Updated 06 Jan, 2025 04:34pm

Stocks

Chip stocks boost European shares at start of data-heavy week

European shares ticked up Monday as chip stocks advanced following Microsoft’s bumper AI investment announcement,...

Published 06 Jan, 2025 03:59pm

Recorder headlines

Published 06 Jan, 2025 03:59pm

Forex

Ugandan shilling little-changed in thin trade

KAMPALA: The Ugandan shilling was little-changed on Monday amid thin dollar demand and supply, traders said. Ugandan...

Published 06 Jan, 2025 03:57pm

Stocks

UK’s FTSE 100 lags European peers as Rolls-Royce, Unilever weigh

UK’s FTSE 100 inched down on Monday as rating downgrades on index heavyweights Rolls-Royce and Unilever weighed at...

Published 06 Jan, 2025 03:54pm

USA

US airlines cancel over 1,300 flights after winter storm

Airlines in the United States canceled more than 1,300 flights on Monday after a winter storm brought snow, ice and...

Published 06 Jan, 2025 03:52pm

Energy

Oil resists dollar pressure to hold at three-month high

LONDON: Oil prices eased on Monday, pressured by a strong dollar, but remained at their highest since mid-October as...

Updated 06 Jan, 2025 03:50pm

Middle East

New Syria foreign minister begins first visit to UAE: state media

DAMASCUS: Syria’s new foreign minister Asaad al-Shaibani landed in the United Arab Emirates Monday on his first...

Published 06 Jan, 2025 03:39pm

Commodities

Gold price per tola decreases Rs700 in Pakistan

After declining in the previous session, gold prices in Pakistan decreased further on Monday in line with their...

Published 06 Jan, 2025 03:37pm

PPP says govt cannot last without its support

ISLAMABAD: What appears to be a tough warning, Pakistan Peoples Party (PPP) has threatened that the federal...

Updated 06 Jan, 2025 03:18pm

Unrecognised educational institutions: FTO to file report to president on tax affairs

ISLAMABAD: The Federal Tax Ombudsman (FTO) will file a comprehensive report to President of Pakistan on a reference...

Updated 06 Jan, 2025 03:17pm

KE stunned as its five projects remain out of IGCEP

ISLAMABAD: K-Electric (KE) is reportedly in shock over reports indicating that its five renewable energy projects...

Updated 06 Jan, 2025 03:16pm

FBR makes commitment of open dialogue with stakeholders

ISLAMABAD: Rashid Mahmood Chairman FBR/ Secretary Revenue Division has taken a major decision to restore trust of...

Updated 06 Jan, 2025 03:12pm

H1 textile exports grow 10pc YoY

Current fiscal year shows a 3% decline in exports compared to FY22

Updated 06 Jan, 2025 03:12pm

Sports

Luis Enrique praises PSG’s fighting spirit in Super Cup victory

Paris St Germain coach Luis Enrique praised his team for starting the year on the right foot and said their 1-0 win...

Published 06 Jan, 2025 02:31pm

Sports

Indonesia sack coach Shin, citing World Cup target

JAKARTA: Indonesia sacked coach Shin Tae-yong on Monday with the country’s football chief saying the team needed...

Published 06 Jan, 2025 02:27pm

Sports

Australia debacle exposes India’s Bumrah dependency

NEW DELHI: India’s 3-1 defeat in Australia exposed the fragility of their top order, but equally unmissable was how...

Published 06 Jan, 2025 02:25pm

Europe

German Christmas market attack death toll rises to six

BERLIN: A 52-year-old woman has died in hospital from injuries sustained after a man drove his car into a German...

Published 06 Jan, 2025 02:13pm

Asia

Antony Blinken expresses confidence in South Korea democratic process as Yoon faces arrest

SEOUL: South Korean investigators will seek an extension of a warrant to arrest impeached President Yoon Suk Yeol,...

Published 06 Jan, 2025 02:09pm

Europe

The Ghosts of Grenfell: No penalties for UK firms that used deadly building material

LONDON: When the deadly Grenfell Tower blaze in 2017 led to revelations that high-rise public housing buildings...

Published 06 Jan, 2025 02:03pm

Life & Style

‘Shogun’ and ‘Hacks’ win top TV honors at Golden Globes

BEVERLY HILLS: ‘Shogun,’ FX’s historical epic set in imperial Japan, claimed the prestigious best drama television...

Updated 06 Jan, 2025 01:51pm

Europe

Church of England faces uncharted waters as Welby’s tenure ends

LONDON: Archbishop of Canterbury Justin Welby will end his duties on Monday after quitting amid an abuse cover-up...

Published 06 Jan, 2025 01:48pm

Life & Style

Golden Globes honor Demi Moore, Sebastian Stan in film awards

BEVERLY HILLS: Demi Moore and Sebastian Stan landed Golden Globe awards on Sunday as actors competed in the first of...

Updated 06 Jan, 2025 01:40pm

Forex

Australia, NZ dollars off 2-yr lows but inflation data looms

SYDNEY: The Australian dollar moved further away from two-year lows on Monday, although a likely soft reading on...

Published 06 Jan, 2025 01:40pm

Commodities

Iron ore falls to more than one-month low on slow China metal output

SINGAPORE: Iron ore futures extended declines to a second straight session on Monday, weighed down by slower...

Published 06 Jan, 2025 01:18pm

Business & Finance

UAE non-oil business activity growth picks up in December, PMI shows

DUBAI: The United Arab Emirates’ non-oil private sector expanded at its fastest pace in nine months in December,...

Published 06 Jan, 2025 12:55pm

Companies

Mazda to build module pack plant in southwest Japan

TOKYO: Mazda Motor said on Monday that it will build a new module pack plant for automotive cylindrical lithium-ion...

Published 06 Jan, 2025 12:51pm

Asia

North Korea fires suspected mid-range missile as Blinken visits Seoul

SEOUL: North Korea fired what appeared to be an intermediate-range ballistic missile out to sea on Monday,...

Updated 06 Jan, 2025 12:45pm

Stocks

China stocks fall to three-month low as trade, growth concerns persist

HONG KONG: Chinese stocks extended losses to fresh three-month lows on Monday, despite regulators’ meetings with...

Published 06 Jan, 2025 12:42pm

South Asia

India’s services sector ended 2024 on a strong footing, PMI shows

BENGALURU: India’s dominant services sector ended 2024 on a high note as sustained demand boosted activity to a...

Published 06 Jan, 2025 12:38pm

Forex

Asian currencies weaken ahead of data-packed week, stocks mixed

Emerging Asian currencies struggled for momentum against a resilient dollar on Monday, while stock markets were...

Published 06 Jan, 2025 12:32pm

Sports

Man City’s Grealish must fight for spot, says Guardiola

Jack Grealish must fight for his place in Manchester City’s starting line-up and rediscover the level he showcased...

Published 06 Jan, 2025 12:29pm

Business & Finance

Egypt’s non-oil private sector contracts in December as cost pressures rise, PMI shows

CAIRO: Operating conditions in Egypt’s non-oil private sector deteriorated in December, with output and new orders...

Published 06 Jan, 2025 12:27pm

Asia

Malaysia court grants jailed ex-PM Najib’s request to see document he says allows home detention

KUALA LUMPUR: Malaysia’s appeals court granted on Monday a bid by jailed former Prime Minister Najib Razak to obtain...

Published 06 Jan, 2025 12:00pm

Bullion Rate

Gold gains as focus shifts to US economic data

Gold prices inched higher on Monday, supported by a softer dollar, while investors awaited a slew of US economic...

Published 06 Jan, 2025 11:49am

Business & Finance

BOJ must be vigilant to risks in deciding rate-hike timing, governor Ueda says

TOKYO: Bank of Japan Governor Kazuo Ueda said on Monday the central bank must be vigilant to various risks in...

Published 06 Jan, 2025 11:45am

Sports

Injured Osaka ‘very optimistic’ about Australian Open

SYDNEY: Naomi Osaka will undergo a scan on the injury that forced her to pull out of the Auckland Classic final but...

Published 06 Jan, 2025 11:43am

Business & Finance

Vietnam’s 2024 GDP growth quickens to 7.09%

HANOI: Vietnam’s gross domestic product grew 7.09% last year, greater than the 5.05% expansion in 2023, driven by...

Published 06 Jan, 2025 11:39am

Commodities

Chicago soybeans, corn climb on Argentina weather concerns

BEIJING: Chicago soybean and corn futures rose on Monday, supported by concerns over dryness in key exporter...

Published 06 Jan, 2025 11:35am

Business & Finance

Xpeng, Volkswagen to build ultra-fast charging network in China

BEIJING: China’s Xpeng Motors and Volkswagen have agreed to expand their partnership to cooperate on ultra-fast...

Published 06 Jan, 2025 11:29am

Commodities

Palm opens higher on stronger Dalian palm olein, Chicago soyoil

KUALA LUMPUR: Malaysian palm oil futures opened higher on Monday for a second consecutive session, supported by...

Published 06 Jan, 2025 11:25am

Mutual Funds

India bond yields may press higher tracking US rates

MUMBAI: Indian government bond yields may nudge higher in opening trades on Monday, tracking an uptick in US rates...

Published 06 Jan, 2025 11:23am

Business & Finance

Thai central bank says maintaining interest rate is a robust policy amid uncertainty

BANGKOK: Thailand’s central bank said on Monday holding the key interest rate steady last month was a robust policy...

Published 06 Jan, 2025 11:21am

Stocks

Japan’s Nikkei falls on 1st trading day of 2025 after year-end rally

TOKYO: Japan’s Nikkei share average fell on the first trading day of 2025 on Monday as investors sold stocks after...

Published 06 Jan, 2025 11:13am

Stocks

Australia shares gain; Insignia jumps on $1.8bn buyout offer

Banks propelled Australian stocks higher for a third straight session on Monday, while money manager Insignia...

Published 06 Jan, 2025 11:08am

USA

Canada PM Trudeau to announce resignation as early as Monday, Globe and Mail reports

Canadian Prime Minister Justin Trudeau is expected to announce as early as Monday that he will resign as Liberal...

Published 06 Jan, 2025 11:05am

Commodities

Vietnam 2024 coffee exports down 17.2% y/y at 1.34mn T

HANOI: Vietnam exported 1.34 million metric tons of coffee in 2024, down 17.2% from the previous year, government...

Published 06 Jan, 2025 11:02am

Energy

Iran lowers January light crude price to Asia

Iran has set the official selling price (OSP) for its light crude oil grade for Asian buyers at $1.35 a barrel above...

Published 06 Jan, 2025 11:01am

Commodities

Vietnam December rice exports up 19.9% y/y at 590,000 T

HANOI: Vietnam exported 590,000 metric tons of rice in December, up 19.9% from the same month a year earlier,...

Published 06 Jan, 2025 10:57am

Forex

China’s yuan falls to 16-month low despite firmer fix, state media messages

SHANGHAI: China’s yuan weakened to a fresh 16-month low against the dollar in early trading on Monday, despite a...

Published 06 Jan, 2025 10:56am

Forex

Indian rupee to stay under pressure, all eyes on central bank’s defence of 85.80

MUMBAI: The Indian rupee is tipped to stay under pressure on Monday with the US dollar holding near a two-year peak,...

Published 06 Jan, 2025 10:54am

Stocks

Indian shares seen opening marginally higher

India’s benchmark indexes are likely to open marginally higher on Monday, with analysts anticipating incremental...

Published 06 Jan, 2025 10:47am

FBR voices concern over disparities in tax compliance

ISLAMABAD: The Federal Board of Revenue (FBR) has expressed serious concern over significant disparities in tax...

Updated 06 Jan, 2025 09:30am

KP govt releases Rs79,584m for uplift projects

PESHAWAR: Advisor to the Chief Minister Khyber Pakhtunkhwa for Finance and Inter-Provincial Coordination Muzammil...

Updated 06 Jan, 2025 09:29am

Uraan Pakistan to lead country towards progress: Ahsan

NAROWAL: Minister for Planning and Development Ahsan Iqbal says ‘Uraan Pakistan’ Program will lead the country...

Updated 06 Jan, 2025 09:06am

BR Research

It’s the Referee’s call

NEPRA’s State of Industry Report FY24 surprisingly came out within 2024, continuing the trend of identifying...

Published 06 Jan, 2025 08:50am

Prices of essential food items show mixed trend

PESHAWAR: Mixed trend in prices of essential food commodities, like live chicken/meat, vegetables, pulses, flour and...

Updated 06 Jan, 2025 09:04am

BR’s refresher: your morning briefing for the day

Important updates from January 4 and January 5, 2025

Published 06 Jan, 2025 09:02am

190m pounds case: AC again defers verdict against IK, Bushra

ISLAMABAD: The announcement of court verdict in 190 million pounds case against Pakistan Tehreek-e-Insaf (PTI)...

Updated 06 Jan, 2025 09:02am

Europe

Zelenskiy says Kyiv security guarantees will only work if US provides them

KYIV: Ukrainian President Volodymyr Zelenskiy said security guarantees for Kyiv to end Russia’s war would only be...

Published 06 Jan, 2025 09:01am

Middle East

US to ease aid restrictions for Syria in limited show of support for new government, WSJ reports

The Biden administration plans to announce Monday that it will ease restrictions on humanitarian aid for Syria,...

Published 06 Jan, 2025 08:53am

Sports

Djokovic still stressed at Melbourne airport after 2022 deportation

SYDNEY: Novak Djokovic has admitted to still getting stressed when he gets off a plane at Melbourne airport after he...

Published 06 Jan, 2025 08:49am

BR Research

Of delusions of grandeur

Some statements made by industry leaders should come with a trigger warning. So fare warnings, readers: ridiculous...

Published 06 Jan, 2025 08:47am

Asia

South Korea extends shutdown of Muan airport due to crash probe

SEOUL: South Korea’s government said on Monday it will extend the shutdown of Muan International Airport by a week...

Published 06 Jan, 2025 08:44am

BR Research

Pakistan State Oil

Pakistan State Oil (PSX: PSO) is the largest oil marketing company (OMC) in the country, commanding the highest...

Published 06 Jan, 2025 08:42am

USA

Winter storm hits central US, barrels toward Washington

A winter storm brought snow, ice and freezing temperatures to a broad swath of the U.S. on Sunday, with some 60...

Published 06 Jan, 2025 08:39am

Asia

South Korean police asked to execute arrest warrant for impeached president

SEOUL: South Korea’s anti-corruption agency said on Monday that it had asked police to take over the execution of an...

Published 06 Jan, 2025 08:34am

Business & Finance

China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows

BEIJING: China’s services activity expanded at the fastest pace in seven months in December, driven by a surge in...

Published 06 Jan, 2025 08:29am

Business & Finance

Japan’s service activity expands on solid demand, PMI shows

TOKYO: Japan’s service activity expanded for a second straight month in December, buoyed by solid demand and...

Published 06 Jan, 2025 08:26am

Business & Finance

China’s Geely Holding targets over 5 million units of annual sales by 2027

SHANGHAI: China’s Geely Holding Group on Sunday said it aims to sell more than 5 million vehicles annually by 2027,...

Published 06 Jan, 2025 08:23am

Stocks

Nippon Steel shares down after US government blocks U.S. Steel purchase

TOKYO: Shares in Nippon Steel, fell more than 1% on Monday after U.S. President Joe Biden blocked its proposed $14.9...

Published 06 Jan, 2025 08:19am

Business & Finance

South Korea’s LG CNS launches IPO for up to $817 mln, term sheet says

SYDNEY: South Korean IT services provider LG CNS started book building on Monday to raise up to $817 million in an...

Published 06 Jan, 2025 08:15am

Stocks

Shares patchy in Asia, Canadian dollar up on Trudeau report

SYDNEY: Share markets got off to a patchy start in Asia on Monday ahead of a week brimming with economic news that...

Published 06 Jan, 2025 08:11am

Forex

Dollar hovers near two-year high; yuan under threat

SINGAPORE: The dollar eased a touch on Monday but stayed close to a two-year peak, as traders awaited a raft of U.S....

Published 06 Jan, 2025 08:05am

Opinion

Uraan Pakistan: if wishes were horses

The Uraan Pakistan seems more like a wish list than a practical roadmap, listing ambitious growth targets without...

Updated 06 Jan, 2025 06:48am

Opinion

Poverty statistics are critical

In Pakistan administration after administration errs on the side of data manipulation to show better performance ...

Updated 06 Jan, 2025 06:47am

Editorials

De-dollarisation: myth or reality?

EDITORIAL: It is interesting, and indeed very instructive, that 2024 ended with fresh debate about the...

Updated 06 Jan, 2025 06:44am

Editorials

Energy sector

EDITORIAL: The energy crisis in the country continues to remain a challenge with no end in sight. At its core, the...

Updated 06 Jan, 2025 06:41am

Pakistan

The Weather

KARACHI: The weather report on Sunday (January 05, 2025) and the forecast for Monday (January 06, 2025)....