News Archives for Latest - 2025-01-10

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Archive - 2025-01-10

World

Lebanon says Israeli strike kills two in south

BEIRUT: Lebanon’s health ministry said two people were killed in the south on Friday in an Israeli strike that the...

Published 10 Jan, 2025 11:14pm

World

Israel army says likely killed two kibbutz residents during 2023 attack

JERUSALEM: The Israeli military said Friday that an internal inquiry found it likely that it killed two kibbutz...

Published 10 Jan, 2025 11:01pm

Companies

PPL begins gas production at Jamshoro exploratory well

Pakistan Petroleum Limited (PPL) has started gas production from Takri-1 exploration well located in the Jamshoro...

Updated 10 Jan, 2025 10:09pm

Europe

Kremlin says Putin ready for talks with Trump

MOSCOW: The Kremlin said Friday that President Vladimir Putin was open to talks with Donald Trump, after the...

Updated 10 Jan, 2025 10:08pm

Pakistan

Five terrorists killed in Dera Ismail Khan IBO

Security forces on Friday killed five terrorists in an intelligence-based operation (IBO) in the Dera Ismail Khan...

Updated 10 Jan, 2025 10:07pm

Business & Economy

Pakistan’s remittance inflow at $3.1bn in December 2024, up 6% month-on-month

Amount 29.3% higher when compared with $2.38 billion in December 2023

Updated 10 Jan, 2025 10:06pm

Energy

Oil jumps more than 4% on concern over more sanctions on Russia

Brent crude futures gain $3.50, or 4.6%, to $80.42 a barrel

Updated 10 Jan, 2025 10:06pm

Stocks

Late-session buying saves the day, KSE-100 snaps 4-day losing streak with 609-point gain

A volatile session at the Pakistan Stock Exchange (PSX) came to a positive end on Friday, helping the KSE-100 Index...

Updated 10 Jan, 2025 09:42pm

USA

Los Angeles wildfires devour thousands of homes, death toll rises to 10

LOS ANGELES: Wildfires menacing Los Angeles have killed at least 10 people and devoured nearly 10,000 structures,...

Updated 10 Jan, 2025 08:42pm

USA

Trump spared jail at hush money sentencing, days before inauguration

NEW YORK: US President-elect Donald Trump will not go to jail or pay a fine over his criminal conviction stemming...

Updated 10 Jan, 2025 08:42pm

Travel

Pakistani passport fourth-worst in the world: Henley Passport Index

Pakistan is ahead of only Iraq, Syria, Afghanistan; UAE retains top 10 spot

Updated 10 Jan, 2025 08:41pm

Markets

Monetary Policy Committee: SBP issues advance calendar for meetings in January-July 2025

The State Bank of Pakistan (SBP) on Friday issued the advance calendar of Monetary Policy Committee (MPC) meetings...

Updated 10 Jan, 2025 08:41pm

Companies

PIA resumes Islamabad-Paris flight operations following EASA decision

Pakistan International Airlines (PIA) has restarted flight operations between Islamabad and Paris starting Friday,...

Updated 10 Jan, 2025 08:40pm

Stocks

UAE shares mixed ahead of US jobs data

Stock markets in the United Arab Emirates ended Friday on a mixed note, as investors held their breath ahead of...

Published 10 Jan, 2025 08:06pm

Currency

Rupee largely stable against US dollar

Currency settles at 278.58 against the greenback in inter-bank market

Updated 10 Jan, 2025 07:38pm

Commodities

Gold price per tola increases Rs1,100 in Pakistan

Gold prices in Pakistan increased on Friday in line with their rise in international rates. In the local market, the...

Published 10 Jan, 2025 07:35pm

Pakistan

Four injured in Chaman IED blast

At least four people were injured as a result of an Improvised Explosive Device (IED) blast near the Chaman Railway...

Updated 10 Jan, 2025 07:10pm

Middle East

Saudi prepares for another Hajj menaced by extreme heat

RIYADH: The deaths of 1,300 pilgrims during the Hajj in Saudi Arabia last year underscored the urgent need to...

Published 10 Jan, 2025 06:06pm

Europe

Ukraine strikes on occupied Donetsk kill three

MOSCOW: Three people were killed Friday morning and six wounded by Ukrainian strikes on the Russian-occupied part of...

Published 10 Jan, 2025 05:46pm

South Asia

Iran welcomes election of new Lebanese president, says unity will ‘defeat’ Israel

TEHRAN: Iranian President Masoud Pezeshkian on Friday welcomed the election of his Lebanese counterpart Joseph Aoun...

Published 10 Jan, 2025 05:41pm

Technology

‘Real-world harm’ if Meta ends fact-checks, global network warns

WASHINGTON: There will be “real-world harm” if Meta expands its decision to scrap fact-checking on Facebook and...

Published 10 Jan, 2025 05:36pm

Recorder headlines

Published 10 Jan, 2025 05:13pm

USA

Liberal Party of Canadian PM Trudeau to choose new leader on March 9

Outgoing Canadian Prime Minister Justin Trudeau’s Liberal Party said late on Thursday it will choose a new leader on...

Published 10 Jan, 2025 05:11pm

Pakistan

ECP registers ‘Awaam Pakistan’ party launched by Khaqan Abbasi, Miftah Ismail

The Election Commission of Pakistan (ECP) has registered ‘Awaam Pakistan’ (AP) party that was launched by former...

Published 10 Jan, 2025 04:46pm

Forex

India’s FX reserves slump to 10-month low as rupee pressure mounts

MUMBAI: India’s foreign exchange reserves fell for the fifth consecutive week to a 10-month low of $634.59 billion...

Published 10 Jan, 2025 04:57pm

Stocks

Indian shares log weekly losses as earnings worries overshadow IT gains

Indian bluechip indexes fell on Friday and logged weekly losses on worries about corporate earnings, while IT stocks...

Published 10 Jan, 2025 04:54pm

Stocks

Sri Lanka shares snap six-week gaining streak

CSE All-Share index settled 0.73% higher at 15,926.00

Published 10 Jan, 2025 04:51pm

Commodities

Copper touches near month high on China demand, Comex premium holds

LONDON: Benchmark copper prices touched the highest in nearly a month on Friday, propelled by firmer demand in top...

Published 10 Jan, 2025 04:50pm

Commodities

Palm surges more than 2%, logs weekly gain

KUALA LUMPUR: Malaysian palm oil futures ended more than 2% higher on Friday, bouncing back to log a weekly gain,...

Published 10 Jan, 2025 04:47pm

Commodities

India’s rice stocks hit record high, wheat reserves deplete

MUMBAI: India’s rice stocks hit a record high at the start of January, reaching eight times the government’s target,...

Published 10 Jan, 2025 03:17pm

FY26 budget: Tax, non-tax revenue: 4 base categories identified

ISLAMABAD: The budget circular for fiscal year 2025-26 calls for a new set of information to identify and tag green/...

Updated 10 Jan, 2025 03:16pm

Business & Finance

UniCredit brings security custody services in-house, with focus on Germany

MILAN: UniCredit said on Friday it would bring in-house security custody services, with an initial focus on Germany,...

Published 10 Jan, 2025 03:14pm

Stocks

European shares dip as bond yields stay high ahead of US jobs data

European shares edged lower on Friday as elevated government bond yields weighed on stocks, with attention now...

Published 10 Jan, 2025 03:12pm

Govt wants to complete PIA privatisation this year

ISLAMABAD: The Pakistani government plans to complete the privatisation of Pakistan International Airlines Company...

Updated 10 Jan, 2025 03:09pm

SBP governor seems very optimistic about economy

Jameel Ahmad says SBP remains focused on achieving medium-term economic stability

Updated 10 Jan, 2025 03:03pm

Luxury

Prada among suitors for Versace, newspaper reports

MILAN: Italy’s Prada is among the potential suitors looking at fashion group Versace which Capri Holdings has put up...

Published 10 Jan, 2025 02:32pm

Mutual Funds

JGB 10-year yields hit 14-year highs as BOJ outlook weighed

TOKYO: Benchmark Japanese government bond yields rose to the highest level in nearly 14 years on Friday, on rising...

Published 10 Jan, 2025 02:02pm

Asia

Russian PM to visit Vietnam on Jan 14-15

HANOI: Russian Prime Minister Mikhail Mishustin will visit Vietnam on Jan. 14-15, Vietnam’s foreign affairs ministry...

Published 10 Jan, 2025 01:32pm

Commodities

South Korea’s KFA Incheon bought 65,000 T corn in private deal

HAMBURG: The Incheon section of the Korea Feed Association (KFA) in South Korea is believed to have purchased about...

Published 10 Jan, 2025 01:31pm

Stocks

South Korean shares end week with biggest rise in 2 months

The benchmark KOSPI eased 6.12 points, or 0.24%, to 2,515.78

Published 10 Jan, 2025 01:29pm

Business & Finance

Romania’s Jan-Nov foreign trade deficit up to 30.05 billion euros

Romania’s foreign trade deficit widened by 17.7% on the year to 30.05 billion euros in January-November, the...

Published 10 Jan, 2025 01:25pm

Business & Finance

Norway’s December core inflation lower than expected

OSLO: Norway’s core inflation rate eased more than expected in December, Statistics Norway (SSB) data showed on...

Published 10 Jan, 2025 12:37pm

Europe

Turkiye unemployment rate edges down to 8.6% in November

Turkiye unemployment rate dropped by 0.1 percentage point month on month to 8.6% in November, official data showed...

Published 10 Jan, 2025 12:32pm

Forex

Kenya shilling gains ground slightly versus dollar, LSEG data shows

The shilling traded at 129.00/130.00 per dollar

Published 10 Jan, 2025 12:30pm

Sports

Olympic champ Zheng says ‘getting closer’ to top-ranked Sabalenka

MELBOURNE: Olympic champion Zheng Qinwen said at the Australian Open Friday that she is getting “closer and closer”...

Published 10 Jan, 2025 12:23pm

Sports

‘Control freak’ Swiatek describes shock and ‘chaos’ over doping ban

MELBOURNE: Iga Swiatek described the inner turmoil and “chaos” of her doping ban Friday ahead of the Australian...

Published 10 Jan, 2025 12:20pm

Life & Style

Nobel laureate Malala Yousafzai to visit Pakistan for girls’ summit

ISLAMABAD: Nobel peace prize laureate Malala Yousafzai will attend a summit on girls’ education hosted by Pakistan,...

Published 10 Jan, 2025 12:16pm

Sports

Red-hot Gauff vows to keep cool in Australian Open title charge

MELBOURNE: Red-hot Coco Gauff said Friday that keeping cool in tough moments was behind a scintillating run of form...

Published 10 Jan, 2025 12:11pm

USA

Kamala Harris cancels foreign trip due to California wildfires

WASHINGTON: U.S. Vice President Kamala Harris canceled her upcoming trip to Singapore, Bahrain and Germany due to...

Published 10 Jan, 2025 12:05pm

Commodities

Malaysian palm oil stocks hit 19-month low in December as output drops

KUALA LUMPUR/MUMBAI: Malaysia’s palm oil stocks fell for a third consecutive month in December to hit their lowest...

Published 10 Jan, 2025 11:59am

Europe

2024 was the first year above 1.5C of global warming, scientists say

BRUSSELS: The world just experienced the first full year in which global temperatures exceeded 1.5C above...

Published 10 Jan, 2025 11:54am

South Asia

Tally of Tibet earthquake injured rises on third day of search for survivors

BEIJING: China has almost doubled its tally of injured in Tibet’s deadly earthquake as rescuers widened a search on...

Published 10 Jan, 2025 11:47am

Technology

TSMC’s fourth-quarter revenue handily beats market forecast on AI demand

TAIPEI: TSMC, the world’s largest contract chipmaker, reported on Friday fourth-quarter revenue that easily beat...

Published 10 Jan, 2025 11:41am

USA

LA wildfire insured losses total billions of dollars, ratings agencies say

LONDON: The most destructive wildfires ever for Los Angeles may cause billions of dollars in insured losses, ratings...

Published 10 Jan, 2025 11:38am

Real Estate

Sunac China shares, bonds sink after liquidation petition filed against developer

HONG KONG: Sunac China, shares and bonds plunged on Friday after a liquidation petition was filed against the...

Published 10 Jan, 2025 11:24am

Technology

Nvidia criticizes reported Biden plan for AI chip export curbs

Nvidia on Thursday criticized a reported plan by the Joe Biden administration to impose new restrictions on AI chip...

Published 10 Jan, 2025 11:18am

Mutual Funds

India bond traders eye debt sale, data for directional triggers

MUMBAI: Indian government bond yields were largely unchanged in early deals on Friday, as market players awaited...

Published 10 Jan, 2025 11:11am

Forex

Mini relief for Indian rupee not likely to stick; US jobs data awaited

MUMBAI: The pressure on the Indian rupee is likely to persist on Friday, heading into the US jobs report that will...

Published 10 Jan, 2025 11:09am

Stocks

China, HK stocks drop as investors await fresh stimulus

SHANGHAI: China and Hong Kong stocks dropped on Friday, as traders held off on increasing their market investments...

Published 10 Jan, 2025 11:06am

Bullion Rate

Gold prices on track for weekly gain; US data on tap

Gold prices hovered near a four-week high on Friday, poised for their best week since mid-November, as investors...

Published 10 Jan, 2025 11:03am

Business & Finance

Japan’s economy minister vows to coordinate policy with BOJ

TOKYO: Japan’s government will closely coordinate policy with the central bank as the economy is at a critical stage...

Published 10 Jan, 2025 11:01am

Forex

Australia, NZ dollars touch two-year trough as US yields climb

SYDNEY: The Australian and New Zealand dollars huddled near two-year lows on Friday ahead of a crucial US jobs...

Published 10 Jan, 2025 10:58am

Stocks

Japan’s Nikkei slips, dragged down by tumble in Uniqlo owner

TOKYO: Japan’s Nikkei share average sank for a third straight session on Friday, dragged down by a tumble for Uniqlo...

Published 10 Jan, 2025 10:55am

Stocks

Australian shares flat as miners offset losses in banks

Australian shares were flat on Friday, as heavyweight mining stocks offset losses in financials, while investors...

Published 10 Jan, 2025 10:52am

Forex

Yuan slips to new 16-month low even as PBOC extends support

HONG KONG: China’s yuan initially firmed on Friday after the central bank said it would suspend treasury bond...

Published 10 Jan, 2025 10:49am

Sports

Daniil Medvedev looking to disrupt Sinner-Alcaraz dominance at Australian Open

MELBOURNE: Former world number one Daniil Medvedev hopes to once again become a tennis “disruptor” by breaking the...

Published 10 Jan, 2025 10:47am

Commodities

Chicago soyoil hits five-week high on clean fuel tax credit hopes

BEIJING: Chicago soyoil futures rallied to a five-week peak on Friday and were on course for a 9.9% weekly jump,...

Published 10 Jan, 2025 10:38am

FBR rolls out new protocols for Afghan cargos

ISLAMABAD: The Federal Board of Revenue (FBR) has taken new measures for monitoring and safe transportation of...

Updated 10 Jan, 2025 09:29am

Revised IPP contracts: Govt says consumers to get Rs1.1trn benefit

ISLAMABAD: Minister for Power, Sardar Awais Ahmad Leghari, has stated that the financial benefit of the revised...

Updated 10 Jan, 2025 09:28am

Sports

Sabalenka ditches defending champion mindset at Australian Open

MELBOURNE: Aryna Sabalenka will bid for a third Australian Open title in succession as if she was going for her...

Published 10 Jan, 2025 09:04am

Indonesian President’s visit: Ministries asked to finalise trade proposals

ISLAMABAD: Minister for Planning Ahsan Iqbal directed the relevant authorities to prepare concrete draft of...

Updated 10 Jan, 2025 09:03am

20pc criteria violated: Q1 current expenditures stand at Rs3.54trn

ISLAMABAD: Amid initiatives to reduce volume and expenditures of the federal government, current expenditures stood...

Updated 10 Jan, 2025 09:02am

Asia

South Korea presidential security chief warns against violent attempt to arrest Yoon

Seoul: South Korean President Yoon Suk Yeol’s security chief said on Friday the impeached leader, who faces arrest...

Published 10 Jan, 2025 08:59am

Europe

Zelenskiy says meeting of allies pledges $2 billion in aid

Ukrainian President Volodymyr Zelenskiy said the latest in a series of meetings with Kyiv’s Western allies in...

Published 10 Jan, 2025 08:53am

Europe

Trump says Putin wants to meet him, meeting being set up

WASHINGTON: U.S. President-elect Donald Trump said on Thursday a meeting was being set up between him and Russian...

Published 10 Jan, 2025 08:50am

Telenor acquisition: Delay in CCP’s decision may impact 5G launch

ISLAMABAD: The delay in Competition Commission of Pakistan’s (CCP) decision regarding acquisition of Telenor...

Updated 10 Jan, 2025 08:49am

Large majority of committed power projects not affordable, says minister

ISLAMABAD: Minister for Power, Sardar Awais Leghari, has claimed that out of the total 17,000 MW of new projects...

Updated 10 Jan, 2025 08:47am

PIA sees Rs107m revenue on direct flight to Paris

KARACHI: Pakistan International Airlines (PIA) is set to generate sizeable revenue of over Rs 107 million on its...

Updated 10 Jan, 2025 08:44am

‘Fake’ imports of solar panel: PCA unearths Rs106bn money laundering

KARACHI: Post Clearance Audit (PCA), South has uncovered another massive money laundering scam involving Rs 106...

Updated 10 Jan, 2025 08:43am

BR’s refresher: your morning briefing for the day

Important updates from January 9, 2025

Published 10 Jan, 2025 08:43am

World

Trudeau criticizes Trump’s proposed tariffs in meeting with US business leaders

WASHINGTON: Prime Minister Justin Trudeau criticized President-elect Donald Trump’s proposed U.S. tariffs on...

Published 10 Jan, 2025 08:41am

Technology

Musk asks state AGs to auction off OpenAI stake in nonprofit restructuring, sources say

A lawyer for billionaire Elon Musk has asked attorney generals in the states of California and Delaware to push...

Published 10 Jan, 2025 08:36am

Business & Finance

Bank of America bonuses for investment bankers to rise about 10%, source says

NEW YORK: Bank of America’s, bonus pool for investment bankers will probably rise 10% for last year, a source...

Published 10 Jan, 2025 08:30am

Technology

Hyundai launches $18,000 EV in Japan to penetrate EV-wary market

CHIBA: South Korea’s Hyundai Motor, said on Friday it would introduce the cheapest compact electric car in Japan, to...

Published 10 Jan, 2025 08:26am

Stocks

Stocks fall, US yields near 8-month highs ahead of jobs data

SYDNEY: Wall Street futures fell in Asia and Treasury yields held near eight-month highs on Friday as investors...

Published 10 Jan, 2025 08:19am

Business & Finance

China’s central bank halts treasury bond buying citing short supply

SHANGHAI: China’s central bank said on Friday it has decided to suspend treasury bond purchases temporarily due to...

Published 10 Jan, 2025 08:14am

Business & Finance

Tesla launches revamped Model Y in China, seeking to fend off rivals

SHANGHAI: Tesla, launched a revamped version of the Model Y, its best-selling car, in China on Friday, hoping that...

Published 10 Jan, 2025 08:11am

Forex

Dollar gains extend ahead of US jobs reading

SINGAPORE: The dollar looked set to extend its longest weekly winning streak in over a year on Friday, underpinned...

Published 10 Jan, 2025 08:09am

Stocks

Indian shares set for a muted start, with the focus on TCS

Indian shares are set for a cautious start on Friday at the end of a tough week in which foreign investors pulled...

Published 10 Jan, 2025 08:05am

BR Research

SBP – the silent stabilizer

The star economic performer in the last two years is the State Bank of Pakistan. The central bank’s foreign reserves...

Published 10 Jan, 2025 07:47am

BR Research

Winter incentive package: A cold start

The government’s winter incentive demand package has landed with a whimper. The plan to incentivize incremental...

Published 10 Jan, 2025 07:43am

BR Research

Interview with Khurram Mumtaz, Head of NEO Mashreq Pakistan

‘Convenience is king, and we aim to redefine banking in Pakistan’ Khurram Mumtaz spearheads the expansion of Mashreq...

Published 10 Jan, 2025 07:40am

Opinion

Nuclear power: road to carbon-free future

The future prospects of nuclear power generation in Pakistan hold considerable promise, contingent upon strategic...