News Archives for Latest - 2025-01-13

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Europe

NATO chief says Ukraine not strong enough for peace talks now

BRUSSELS: Ukraine is not currently in a strong enough position for peace talks with Russia, NATO chief Mark Rutte...

Published 13 Jan, 2025 11:09pm

Pakistan

Army chief lauds security forces for dismantling terrorist networks in Pakistan

COAS says there is no place for terrorism in the country

Published 13 Jan, 2025 10:58pm

World

Gaza rescuers say Israeli strikes killed more than 50

GAZA STRIP: Gaza’s civil defence agency reported that a wave of Israeli air strikes killed more than 50 people in...

Published 13 Jan, 2025 11:02pm

Pakistan

FO condemns ‘increasingly racist, Islamophobic’ comments on Pakistanis in UK

Spokesperson says British Pakistanis form backbone of UK's health, retail and services sectors

Updated 13 Jan, 2025 10:59pm

Exchange

Rupee registers marginal decline against US dollar

Currency settles at 278.68 against greenback in inter-bank market

Updated 13 Jan, 2025 10:52pm

Pakistan

27 terrorists killed in Balochistan intelligence-based operation: ISPR

Military's media wing says multiple hideouts, along with caches of arms, ammunition, and explosives, destroyed during operation

Updated 13 Jan, 2025 10:24pm

USA

Los Angeles races to contain wildfires before severe winds return

LOS ANGELES: Firefighters raced to contain the frontiers of two Los Angeles wildfires that burned for the sixth...

Updated 13 Jan, 2025 10:08pm

Europe

Russia says new US energy sanctions will destabilise global markets

MOSCOW: The Kremlin said on Monday that the latest round of U.S. sanctions on the Russian energy sector risked...

Updated 13 Jan, 2025 10:07pm

Money & Banking

SBP aims to achieve 75% financial inclusion by 2028

Central bank launches National Financial Inclusion Strategy (NFIS) 2024-28

Updated 13 Jan, 2025 09:55pm

Money & Banking

Here is the full text of the National Financial Inclusion Strategy (NFIS) 2024-28 launched by SBP

The State Bank of Pakistan (SBP) launched the third National Financial Inclusion Strategy (NFIS) 2024-28 on Monday,...

Published 13 Jan, 2025 09:52pm

South Asia

Southern Japan hit by strong quake near Nankai Trough region

Southern Japan was hit by a strong earthquake on Monday that authorities said did not warrant the kind of megaquake...

Published 13 Jan, 2025 09:45pm

Pakistan

Pakistan, Saudi Arabia sign annual Hajj agreement 2025

Pakistan and Saudi Arabia signed the annual Hajj agreement for 2025 on Monday, aimed at providing the best...

Updated 13 Jan, 2025 09:37pm

Stocks

PSX starts week positive, KSE-100 closes the day with gain of nearly 1,000 points

The Pakistan Stock Exchange (PSX) started the week on a positive note as its benchmark KSE-100 Index gained nearly...

Updated 13 Jan, 2025 09:36pm

Pakistan

Verdict in £190mn reference against Imran Khan, Bushra Bibi deferred for 3rd time

The much-anticipated verdict in the £190 million case against PTI Chairman Imran Khan and wife Bushra Bibi was on...

Updated 13 Jan, 2025 09:36pm

Pakistan

Govt-PTI talks: NA speaker summons third meeting on Jan 16

In-camera meeting will take place at 11:30am in Parliament House on Thursday, reads notification from National Assembly's Secretariat

Updated 13 Jan, 2025 09:35pm

Markets

Pakistan on track to meet IMF’s tax target, says Aurangzeb

Govt committed to widen, deepen tax base, adds finance minister

Updated 13 Jan, 2025 09:35pm

Stocks

S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025

US stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust...

Published 13 Jan, 2025 09:02pm

Sports

Former world heavyweight champion Fury retires from boxing

LONDON: Former world heavyweight champion Tyson Fury said Monday he had retired from boxing. “I’m going to make this...

Published 13 Jan, 2025 08:00pm

Stocks

Most Gulf markets in red on US rate cut uncertainty

Most stock markets in the Gulf ended lower on Monday, as unexpectedly strong U.S. jobs data reinforced expectations...

Published 13 Jan, 2025 07:50pm

‘$150bn in damage’: photos, videos show destruction in Los Angeles by wildfires

Firefighters raced to contain the frontiers of two Los Angeles wildfires that burned for the sixth straight day,...

Published 13 Jan, 2025 07:47pm

South Asia

India won’t reduce troops along China border in winter, army chief says

NEW DELHI: India is not looking to reduce the number of troops along the northern frontier in winter, the country’s...

Published 13 Jan, 2025 07:45pm

Technology

Apple fights $1.8 billion App Store lawsuit in first of UK class actions against tech giants

LONDON: Apple has abused its dominant position by charging app developers an unfair 30% commission through its App...

Published 13 Jan, 2025 06:15pm

South Asia

Bangladesh files graft cases against ousted Sheikh Hasina’s family

DHAKA: Bangladesh’s anti-graft commission has filed cases against ousted leader Sheikh Hasina and her family,...

Published 13 Jan, 2025 05:52pm

Middle East

Israel far-right finance minister warns won’t back Gaza deal that halts war

JERUSALEM: Israeli far-right Finance Minister Bezalel Smotrich warned on Monday that he would not support a deal in...

Published 13 Jan, 2025 05:48pm

Europe

Norway to host talks on Mideast two-state solution

OSLO: Dozens of countries will send delegates to Norway on Wednesday as part of a global alliance aiming to find a...

Published 13 Jan, 2025 05:40pm

Middle East

Saudi Arabia plans to enrich and sell uranium, energy minister says

DUBAI: Saudi Arabia plans to monetize all minerals, including by selling uranium, Saudi energy minister Prince...

Updated 13 Jan, 2025 05:39pm

Energy

Oil jumps on expected hit to China and India’s Russian supplies

LONDON: Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest...

Updated 13 Jan, 2025 05:31pm

Stocks

Indian shares slump on worries over corporate earnings, fewer Fed cuts

Indian shares tumbled on Monday, with the midcap index recording its biggest slide in seven months, after an...

Published 13 Jan, 2025 05:27pm

Commodities

Copper rallies to one-month peak on signs of improving demand

LONDON: Copper prices hit one-month peaks on Monday on optimism about global growth and demand, particularly in top...

Published 13 Jan, 2025 05:25pm

Commodities

Palm ends higher on soyoil strength at Dalian and Chicago

JAKARTA: Malaysian palm oil futures closed higher on Monday, tracking strength in rival soyoil on Dalian and Chicago...

Published 13 Jan, 2025 05:16pm

Recorder headlines

Published 13 Jan, 2025 04:29pm

Declaration urges unity to empower girls through education

ISLAMABAD: The international conference on girls’ education concluded here with historic Islamabad Declaration on...

Updated 13 Jan, 2025 03:46pm

Commodities

Gold price per tola falls Rs1,500 in Pakistan

After increasing in the previous five sessions, gold prices in Pakistan decreased on Monday in line with their...

Published 13 Jan, 2025 03:28pm

Global equity capital markets: Aurangzeb for better access to Pak businesses

ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb held an important meeting with the leadership of Servis Long...

Updated 13 Jan, 2025 02:54pm

Chinese Exim Bank refuses to extend concessional loans

Cites a limited window and concerns over non-payment or delayed payments to Chinese companies operating Independent Power Producers

Updated 13 Jan, 2025 02:42pm

Punjab decides to overhaul agri, solar and industry sectors

LAHORE: Punjab government has decided to revolutionise agriculture, solar energy, and industry sectors. In this...

Updated 13 Jan, 2025 02:42pm

Middle East

Qatar hands Israel, Hamas ‘final’ draft of Gaza ceasefire deal, official tells Reuters

Mediator Qatar has handed Israel and Hamas a “final” draft of a ceasefire and hostage release agreement designed to...

Published 13 Jan, 2025 02:16pm

Mutual Funds

Euro zone bond yields hit new multi-month highs after US jobs data

LONDON: Euro zone bond yields rose again on Monday to new multi-month highs as strong US jobs data from Friday...

Published 13 Jan, 2025 02:11pm

Business & Finance

HSBC forecasts Vietnam 2025 GDP growth at 6.5%, inflation at 3.0%

HANOI: Vietnam’s gross domestic product is forecast to grow 6.5% this year, compared with 7.09% last year, with...

Published 13 Jan, 2025 02:10pm

Mutual Funds

UK 30-year gilt yield hits new post-2008 high

LONDON: British 30-year government bond yields jumped to a fresh 27-year high on Monday, extending a gilt market...

Published 13 Jan, 2025 02:09pm

Stocks

European shares kick off week lower as healthcare, tech stocks fall

European shares were dragged lower by technology and healthcare stocks on Monday, as global equities faced pressure...

Published 13 Jan, 2025 02:07pm

Stocks

Major Gulf markets mixed on strong US jobs data

Major stock markets in the Gulf were mixed in early trade on Monday, as unexpectedly strong US jobs data reinforced...

Published 13 Jan, 2025 02:06pm

Sports

IPL’s Punjab names Shreyas Iyer as captain

NEW DELHI: Indian batsman Shreyas Iyer has been named captain of Indian Premier League team Punjab Kings for the...

Published 13 Jan, 2025 01:52pm

World

At least 10 dead in Brazil landslides

RIO DE JANEIRO: Landslides caused by torrential rains in southeast Brazil have left at least 10 people dead, rescue...

Published 13 Jan, 2025 01:48pm

Europe

Iran, European powers to hold nuclear talks ahead of Trump return

GENEVA: Iran is set to hold nuclear talks with France, Britain and Germany on Monday, just a week before US...

Published 13 Jan, 2025 01:45pm

Life & Style

Meghan Markle’s Netflix show delayed due to LA fires

LOS ANGELES: A new Netflix series starring Meghan Markle, the actress wife of Britain’s Prince Harry, has been...

Published 13 Jan, 2025 01:41pm

Sports

Frances Tiafoe vomits on court during five-set marathon win

MELBOURNE: Frances Tiafoe admitted Monday it was touch and go whether he would carry on after vomiting on court...

Published 13 Jan, 2025 01:31pm

Companies

GSK to buy US biotech firm IDRx for up to $1.15 billion

British drugmaker GSK, said on Monday that it would pay up to $1.15 billion to buy Boston-based biopharmaceutical...

Published 13 Jan, 2025 01:23pm

Business & Finance

Commerzbank chairman sees little chance of amicable UniCredit merger, report says

BERLIN: Commerzbank’s, supervisory board chairman Jens Weidmann said there is little chance for an amicable merger...

Published 13 Jan, 2025 01:21pm

Companies

Lufthansa CEO expects Italy’s ITA to boost profits by hundreds of millions, FAZ reports

BERLIN: Lufthansa, expects its planned stake in Italy’s ITA Airways to increase the German flagship carrier’s...

Published 13 Jan, 2025 01:17pm

Companies

Porsche’s 2024 China sales fall by 28%

BERLIN: German sports car maker Porsche AG, reported a 28% tumble in 2024 China sales on Monday, as persistent...

Published 13 Jan, 2025 01:12pm

Sports

South Africa names experienced squad for Champions Trophy

CAPE TOWN: South Africa picked an experienced 15-man squad for next month’s Champions Trophy in Pakistan with 10...

Published 13 Jan, 2025 01:08pm

Life & Style

Thai rice fields transformed into vibrant art depicting red dragon, feline deity

CHIANG RAI: A red dragon, a feline deity and dogs and cats cover Tanyapong Jaikham’s rice paddies in northern...

Published 13 Jan, 2025 12:29pm

Sports

Doping in the spotlight as Sinner beats Jarry at Australian Open

MELBOURNE: Jannik Sinner launched his Australian Open title defence with a 7-6(2) 7-6(5) 6-1 win over Nicolas Jarry...

Published 13 Jan, 2025 12:25pm

Sports

Iga Swiatek delivers unconvincing win to reach second round in Melbourne

MELBOURNE: World number two Iga Swiatek advanced to the second round of the Australian Open on Monday with an...

Published 13 Jan, 2025 12:21pm

Sports

Coco Gauff takes out Kenin to reach second round in Melbourne

MELBOURNE: Coco Gauff was given a solid workout by former champion Sofia Kenin but continued her lengthy winning...

Published 13 Jan, 2025 12:15pm

Stocks

South Korean stocks slip as US jobs data curbs rate-cut bets

The benchmark KOSPI was down 25.37 points, or 1.01%, at 2,490.44

Published 13 Jan, 2025 12:13pm

Commodities

China’s coal imports hit record high in 2024

BEIJING: China’s coal imports rose 14.4% in 2024 to a record high, official data showed on Monday, as lower...

Published 13 Jan, 2025 12:11pm

Commodities

US production estimate cut push corn, soybeans to multi-month highs

CANBERRA: Chicago corn and soybean futures rose to multi-month highs on Monday after the US Department of...

Published 13 Jan, 2025 12:10pm

Commodities

China’s Dec copper imports hit 13-month high

SHANGHAI: China’s imports of unwrought copper and copper products reached a 13-month high in December, rising 17.8%...

Published 13 Jan, 2025 12:09pm

Commodities

China 2024 iron ore imports hit record on resilient demand, steel exports

BEIJING: China’s iron ore imports in 2024 rose for a second year to a record high, up 4.9% from the prior year,...

Published 13 Jan, 2025 12:08pm

Asia

South Korea plans to overhaul airport ‘localizers’ after fatal Jeju Air crash

SEOUL: South Korea plans to improve the structures housing the antenna that guide landings at its airports this year...

Published 13 Jan, 2025 12:07pm

Life & Style

Tokyo museum offers visitors ‘flashback’ to defunct technology

TOKYO: Tucked away in a corner of central Tokyo, the Extinct Media Museum lives up to its name. From Betacam...

Published 13 Jan, 2025 12:02pm

Forex

Indonesian rupiah and ringgit fall, equities slip on strong US jobs report

The Indonesian rupiah and Malaysian ringgit weakened towards three-week lows on Monday while equities in emerging...

Published 13 Jan, 2025 11:49am

South Asia

Tens of thousands take holy dip in India as Maha Kumbh festival begins

PRAYAGRAJ: Tens of thousands of Hindus seeking absolution of their sins immersed themselves on Monday in freezing...

Published 13 Jan, 2025 11:45am

Commodities

Palm gains on soyoil strength at Dalian and Chicago

JAKARTA: Malaysian palm oil futures extended gains on Monday, tracking strength in rival soyoil on Dalian and...

Published 13 Jan, 2025 11:41am

Asia

South Korea, Japan foreign ministers to meet amid political turmoil in Seoul

SEOUL: The foreign ministers of South Korea and Japan will hold talks in the South Korean capital on Monday, as the...

Published 13 Jan, 2025 11:38am

Commodities

China’s most active rapeseed meal, soymeal futures surge over 3% after USDA report

BEIJING: China’s rapeseed and soybean meal futures surged more than 3% on Monday, while edible oil prices also...

Published 13 Jan, 2025 11:35am

Bullion Rate

Gold holds steady amid Trump policy uncertainty, upbeat US data

Gold prices were flat on Monday as a stronger-than-expected US jobs report reinforced the Federal Reserve’s cautious...

Published 13 Jan, 2025 11:33am

Europe

Volodymyr Zelenskiy says he’s ready to exchange North Korean soldiers for Ukrainians held in Russia

KYIV: Ukraine’s President Volodymyr Zelenskiy said on Sunday Kyiv is ready to hand over captured North Korean...

Published 13 Jan, 2025 11:31am

Business & Finance

China exports accelerate amid trade risks, imports surprise

BEIJING: China’s exports gathered pace in December, while imports recovered, closing out the year on a positive note...

Published 13 Jan, 2025 11:29am

Technology

TSMC fourth-quarter profit seen jumping 58% on strong AI chip demand

TAIPEI: Taiwan Semiconductor Manufacturing Co, the main global producer of advanced chips used in artificial...

Published 13 Jan, 2025 11:27am

Business & Finance

India may record FY25 fiscal deficit at 4.7%-4.8% of GDP, Mint reports

India may record a fiscal deficit for the current fiscal year at 4.7%-4.8% of gross domestic product (GDP), lower...

Published 13 Jan, 2025 11:26am

Stocks

China and HK stocks extend losses as US rate cut hopes fade

HONG KONG: China and Hong Kong stocks fell on Monday, weighed down by the rising odds of fewer US interest rate cuts...

Published 13 Jan, 2025 11:24am

Forex

China’s yuan hovers near 16-month low despite official support

SHANGHAI: The yuan hovered near 16-month lows against the dollar on Monday, despite more support measures for the...

Published 13 Jan, 2025 11:23am

Business & Finance

Indian central bank likely selling dollars to support rupee, traders say

MUMBAI: The Indian central bank was likely selling dollars to support the rupee on Monday, after the currency...

Published 13 Jan, 2025 11:22am

Business & Finance

China’s central bank chief vows to supply ample liquidity

HONG KONG: China’s central bank chief said on Monday the government will support moderately loose monetary policy to...

Published 13 Jan, 2025 11:21am

Energy

China’s crude oil imports fall in 2024, first time in two decades outside of COVID

China’s crude oil imports fell 1.9% in 2024, data showed on Monday, the first annual decline in two decades outside...

Published 13 Jan, 2025 11:20am

Sports

Alex Michelsen the first big name to fall at Australian Open

MELBOURNE: American Alex Michelsen claimed the biggest win of his career when he stunned Stefanos Tsitsipas 7-5 6-3...

Published 13 Jan, 2025 11:18am

Technology

Bezos sees no threat from Musk-Trump ties in space race

CAPE CANAVERAL: Jeff Bezos said he does not think SpaceX CEO Elon Musk will use his close ties with U.S....

Updated 13 Jan, 2025 10:50am

Forex

Australia, NZ dollars languish near multi-year lows, bonds extend global sell-off

SYDNEY: The Australian and New Zealand dollars languished near multi-year lows on Monday after a strong US jobs...

Published 13 Jan, 2025 10:47am

Stocks

Banks, pharmaceuticals drag Australian shares lower

Banks and health stocks dragged Australian equities lower on Monday as investors awaited domestic jobs data due...

Published 13 Jan, 2025 10:44am

Mutual Funds

India bond yields expected to track US peers higher on strong jobs data

MUMBAI: Indian government bond yields are expected to move higher in early deals on Monday, mirroring the sharp...

Published 13 Jan, 2025 10:42am

Stocks

Indian shares set to open lower, tracking Asian peers

Indian shares are set to open lower on Monday, tracking Asian peers, after an unexpectedly strong US jobs report...

Published 13 Jan, 2025 10:40am

Elimination of encroachments: HCSTSI President hails Mayor Hyderabad’s efforts

HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon, has...

Updated 13 Jan, 2025 09:33am

Import of cashew nut: FBR issues new customs values

ISLAMABAD: Taking advantage of peak winter season, the Directorate General of Customs Valuation Karachi has issued...

Updated 13 Jan, 2025 09:32am

PCB to turn Champions Trophy into a memorable event: Chairman

LAHORE: Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has expressed his resolve to host the upcoming Champions...

Updated 13 Jan, 2025 09:28am

Sports

Cummins to lead Australia’s big guns at Champions Trophy

MELBOURNE: Pat Cummins will captain Australia at the Champions Trophy after being named in a preliminary 15-man...

Published 13 Jan, 2025 08:45am

Girls’ education in Muslim communities: Islamabad witnesses historic agreements

ISLAMABAD: The International Conference on ‘Girls’ Education in Muslim Communities: Challenges and Opportunities’...

Updated 13 Jan, 2025 08:42am

Aurangzeb’s statement welcomed

PESHAWAR: Former Vice President Federation of Pakistan Chambers of Commerce and Industries (FPCCI) Abdul Rehman...

Updated 13 Jan, 2025 08:42am

PTI says ready for third round of talks with govt

ISLAMABAD: After a meeting with Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan in a “controlled environment”, the...

Updated 13 Jan, 2025 08:41am

FBR grilled by SIFC for misuse of EFS

ISLAMABAD: The Federal Board of Revenue (FBR) was reportedly grilled at a recent meeting of Special Investment...

Updated 13 Jan, 2025 08:39am

BR’s refresher: your morning briefing for the day

Important updates from January 11 and January 12, 2025

Published 13 Jan, 2025 08:33am

Europe

Global air finance summit to take stock of jet shortages, trade risks

DUBLIN: Financiers and lessors who make the global air travel industry tick gather for an annual meeting in Dublin...

Published 13 Jan, 2025 08:30am

Forex

Indian rupee to weaken past 86/USD on hawkish Fed outlook

MUMBAI: The Indian rupee is poised to decline against the U.S. dollar at the open on Monday, dipping past the 86...

Published 13 Jan, 2025 08:25am

Asia

Japan PM asks Biden to allay concerns over Nippon Steel-US Steel deal

TOKYO: Japan Prime Minister Shigeru Ishiba asked U.S. President Joe Biden to allay concerns in the Japanese and U.S....

Published 13 Jan, 2025 08:21am

Forex

Towering dollar after solid jobs data leaves peers struggling

SINGAPORE: The dollar began the week on a strong note on Monday, leaving its peers languishing near multi-year lows...

Published 13 Jan, 2025 08:16am

Stocks

Shares slip in Asia, dollar firm as inflation, earnings loom

SYDNEY: Asian shares slipped on Monday while the dollar held near 14-month peaks after an unambiguously strong...

Published 13 Jan, 2025 08:09am

BR Research

What does 2025 have in store for world cotton markets?

The weekend was full of surprises for the commodity markets. The US Department of Agriculture announced a flurry of...

Published 13 Jan, 2025 07:50am

BR Research

Interview with Mohsin Ali Mangi, Chief Strategy & Technology Officer - PSO

‘The refinery expansion project is a low-risk brownfield development with assured offtake’ Mohsin Ali Mangi is a...

Published 13 Jan, 2025 07:45am

World

Top Israeli security delegation in Doha for Gaza talks

OCCUPIED JERUSALEM: A top level Israeli security delegation arrived in Qatar on Sunday for talks on a Gaza hostage...