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Print - 2016-04-11
SECP to get powers to carry out valuation of assets
Exchange

SECP to get powers to carry out valuation of assets

The Securities and Exchange Commission of Pakistan (SECP) will be empowered to depute a panel of professional valuers to carry out valuation of any asset, including property, stocks, shares, debentures and securities.
Published 11 Apr, 2016 12:00am
Cameron releases tax records

Cameron releases tax records

British Prime Minister David Cameron took the unusual step on Sunday of publishing his tax records to try to end days of questions about his personal wealth caused by the mention of his late father''s offshore fund in the Panama Papers. Cameron''s initial
Published 11 Apr, 2016 12:00am
Cameron releases tax records

Cameron releases tax records

British Prime Minister David Cameron took the unusual step on Sunday of publishing his tax records to try to end days of questions about his personal wealth caused by the mention of his late father's offshore fund in the Panama Papers. Cameron's initial r
Published 11 Apr, 2016 12:00am
Cameron releases tax records

Cameron releases tax records

British Prime Minister David Cameron took the unusual step on Sunday of publishing his tax records to try to end days of questions about his personal wealth caused by the mention of his late father's offshore fund in the Panama Papers. Cameron's initial r
Published 11 Apr, 2016 12:00am
Imran issues ultimatum

Imran issues ultimatum

Pakistan Tehreek-e-Insaf chairman Imran Khan announced on Sunday that he would march towards Raiwind, the residence of the Sharif family in outskirts of Lahore, if the government fails to constitute an independent judicial commission led by Chief Justice
Published 11 Apr, 2016 12:00am
Imran issues ultimatum

Imran issues ultimatum

Pakistan Tehreek-e-Insaf chairman Imran Khan announced on Sunday that he would march towards Raiwind, the residence of the Sharif family in outskirts of Lahore, if the government fails to constitute an independent judicial commission led by Chief Justice
Published 11 Apr, 2016 12:00am
Swiss banks face scrutiny

Swiss banks face scrutiny

Switzerland is stepping up scrutiny of its banks in response to the Panama Papers which have prompted a global outcry over allegations of tax avoidance.
Published 11 Apr, 2016 12:00am
Swiss banks face scrutiny

Swiss banks face scrutiny

Switzerland is stepping up scrutiny of its banks in response to the Panama Papers which have prompted a global outcry over allegations of tax avoidance.
Published 11 Apr, 2016 12:00am
Swiss banks face scrutiny

Swiss banks face scrutiny

Switzerland is stepping up scrutiny of its banks in response to the Panama Papers which have prompted a global outcry over allegations of tax avoidance.
Published 11 Apr, 2016 12:00am
THE RUPEE: cautious movement
Exchange

THE RUPEE: cautious movement

The rupee moved cautiously in relation to the dollar on the money market during the week, ended on April 9, 2016. In the interbank market, the rupee moved with little change against the dollar for buying and selling at Rs 104.69 and Rs 104.70.
Published 11 Apr, 2016 12:00am
THE RUPEE: cautious movement
Exchange

THE RUPEE: cautious movement

The rupee moved cautiously in relation to the dollar on the money market during the week, ended on April 9, 2016. In the interbank market, the rupee moved with little change against the dollar for buying and selling at Rs 104.69 and Rs 104.70.
Published 11 Apr, 2016 12:00am
Major scam unearthed in ZTBL

Major scam unearthed in ZTBL

Director General, Commercial Audit and Evaluation has unearthed a Rs 4.15 billion financial scam in Zarai Tarqiati Bank Limited (ZTBL) and asked Finance Ministry to probe the matter through a high-level committee to fix responsibility and recover the amou
Published 11 Apr, 2016 12:00am
Major scam unearthed in ZTBL

Major scam unearthed in ZTBL

Director General, Commercial Audit and Evaluation has unearthed a Rs 4.15 billion financial scam in Zarai Tarqiati Bank Limited (ZTBL) and asked Finance Ministry to probe the matter through a high-level committee to fix responsibility and recover the amou
Published 11 Apr, 2016 12:00am
Major scam unearthed in ZTBL

Major scam unearthed in ZTBL

Director General, Commercial Audit and Evaluation has unearthed a Rs 4.15 billion financial scam in Zarai Tarqiati Bank Limited (ZTBL) and asked Finance Ministry to probe the matter through a high-level committee to fix responsibility and recover the amou
Published 11 Apr, 2016 12:00am
Major scam unearthed in ZTBL

Major scam unearthed in ZTBL

Director General, Commercial Audit and Evaluation has unearthed a Rs 4.15 billion financial scam in Zarai Tarqiati Bank Limited (ZTBL) and asked Finance Ministry to probe the matter through a high-level committee to fix responsibility and recover the amou
Published 11 Apr, 2016 12:00am
MPS: What about the export worries?
Exchange

MPS: What about the export worries?

The decision is spot on; but the narrative was too positive relative to what it should be from a prudent central bank. To the likes of quarterly economic report, monetary policy statement was all in praise for improving macroeconomic landscape. By a glanc
Published 11 Apr, 2016 12:00am
MPS: What about the export worries?
Exchange

MPS: What about the export worries?

The decision is spot on; but the narrative was too positive relative to what it should be from a prudent central bank. To the likes of quarterly economic report, monetary policy statement was all in praise for improving macroeconomic landscape. By a glanc
Published 11 Apr, 2016 12:00am
MPS: What about the export worries?
Exchange

MPS: What about the export worries?

The decision is spot on; but the narrative was too positive relative to what it should be from a prudent central bank. To the likes of quarterly economic report, monetary policy statement was all in praise for improving macroeconomic landscape. By a glanc
Published 11 Apr, 2016 12:00am
The Weather

The Weather

The weather report on Sunday (April 03, 2016) and the forecast for Monday (April 04, 2016).

Published 11 Apr, 2016 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 4 to 8 2016).

Published 11 Apr, 2016 12:00am
Extension in contract: PSM CEO fails to muster required support

Extension in contract: PSM CEO fails to muster required support

Major-General Zaheer Ahmad (retired) has reportedly failed to convince the power corridors of Islamabad for an extension in his contract which expired on April 6, 2016 as Chief Executive Officer Pakistan Steel Mills (PSM), well-informed sources told Bu
Published 11 Apr, 2016 12:00am
Taxes: FBR takes new measures to simplify procedures

Taxes: FBR takes new measures to simplify procedures

The Federal Board of Revenue (FBR) has taken new measures to simplify procedures for paying taxes and to minimise contact between the taxpayers and the tax collectors. According to details issued by the FBR, major improvements have been made through bette
Published 11 Apr, 2016 12:00am
Postal authorities

Postal authorities

I endorse the views of S. Fayyaz Hasan that he expressed through a letter in these columns on 2nd April. I would like to draw the attention of postal authorities, especially the Post Masters of the areas where the registered AD letters are sent.
Published 11 Apr, 2016 12:00am
Inflation tests ahead, currencies often not cooperating

Inflation tests ahead, currencies often not cooperating

With the world economy entering a more uncertain phase and the top central banks sounding ever more cautious, attention may turn in the coming week to signs of whether years of aggressive stimulus have yielded any significant rise in inflation.
Published 11 Apr, 2016 12:00am
IMF's tenth review - I

IMF's tenth review - I

The International Monetary Fund (IMF) has released its tenth review report under the 6.64 billion dollar extended arrangement and has identified six new time-bound structural benchmarks (SB). This is unprecedented as structural benchmarks are identified a
Published 11 Apr, 2016 12:00am
Karachi by-elections

Karachi by-elections

Thursday's by-elections in NA-245 and PS-115, keenly watched for the impact, or lack of it, the MQM dissidents led by Mustafa Kamal might have caused on the party's constituency politics, but the event produced a dramatic surprise of a different kind. In
Published 11 Apr, 2016 12:00am
A realistic metric of poverty

A realistic metric of poverty

According to the Federal Minister for Planning, Development and Reforms, Ahsan Iqbal, while addressing a seminar on "Poverty Estimation" which he co-chaired with Federal Finance Minister Ishaq Dar, the number of poor in Pakistan has increased after a new
Published 11 Apr, 2016 12:00am
World nations to hear candidates make pitch to lead UN

World nations to hear candidates make pitch to lead UN

For the first time in the United Nations' 70-year history, candidates vying to become secretary-general will make their pitch for the job to world governments in hearings beginning next week.
Published 11 Apr, 2016 12:00am
US newspaper publishes fake 'President Trump' frontpage

US newspaper publishes fake 'President Trump' frontpage

A US newspaper has published a mock-up of what a frontpage might look like should Republican frontrunner Donald Trump win the presidency, as it condemned his "deeply disturbing" and "profoundly un-American" vision.
Published 11 Apr, 2016 12:00am
Cruz, Sanders notch gains in White House primaries
Exchange

Cruz, Sanders notch gains in White House primaries

Democrat Bernie Sanders and Republican Ted Cruz both scored weekend victories against their front-running rivals in a tightening race as the two major parties prepare to pick their White House nominee. Cruz, the Texas Senator, chipped away at Donald Trump
Published 11 Apr, 2016 12:00am
Chad votes as strongman Deby seeks fifth term

Chad votes as strongman Deby seeks fifth term

Chadians voted amid tight security Sunday in an election likely to see President Idriss Deby extend his 26-year rule in a country increasingly on the frontline of the global war on terror. Deby, who took office in a 1990 military coup, faces 12 challenger
Published 11 Apr, 2016 12:00am
Obama says Clinton never jeopardised US national security in email case

Obama says Clinton never jeopardised US national security in email case

US President Barack Obama said Democratic presidential front-runner Hillary Clinton never jeopardized national security in the handling of her emails as his secretary of state. Obama, in an interview broadcast on Fox News Sunday, said Clinton has recognis
Published 11 Apr, 2016 12:00am
Iraqi forces fight to retake chemical attack town

Iraqi forces fight to retake chemical attack town

Iraqi Shia paramilitary forces have launched an operation to retake a town from which the Islamic State group launched a chemical weapons attack that killed three children, commanders said Sunday.
Published 11 Apr, 2016 12:00am
Peru votes on Fujimori daughter in chaotic election

Peru votes on Fujimori daughter in chaotic election

Peruvians voted Sunday on whether Keiko Fujimori, daughter of an ex-president jailed for massacres, should become their first female leader in an election marred by alleged vote-buying and deadly attacks.
Published 11 Apr, 2016 12:00am
Italian envoy quits Egypt over student murder probe

Italian envoy quits Egypt over student murder probe

Italy's ambassador to Egypt left Cairo on Sunday after Rome recalled him over a lack of progress in the probe into the murder of an Italian student, an airport official and a diplomatic source said. Italy, a key ally of Egyptian President Abdel Fattah al-
Published 11 Apr, 2016 12:00am
Taiwanese rally for death penalty after child's beheading

Taiwanese rally for death penalty after child's beheading

Hundreds of Taiwanese rallied Sunday to show support for retaining the death penalty, after the beheading of a child in a street attack shocked the island. Demonstrators dressed in black and held white roses in mourning for the four-year-old girl murdered
Published 11 Apr, 2016 12:00am
WFP drops aid to besieged Syrian city

WFP drops aid to besieged Syrian city

The World Food Programme said on Sunday it had carried out its first ever successful high-altitude airdrop, to deliver 20 tonnes of food aid to the besieged Syrian city of Deir Ezzor. A previous attempt to drop aid to the city where 200,000 people have be
Published 11 Apr, 2016 12:00am
University of Wah organises workshop

University of Wah organises workshop

A one day training workshop titled 'Training workshop on preparation of departmental Self-Assessment Reports' (SARs) was organised by Quality Assurance and Enhancement Cell (QA&E C) of University of Wah on 06 April at UW Seminar Hall to formally commence
Published 11 Apr, 2016 12:00am
Food prices continue to rise

Food prices continue to rise

Prices of rice, sugar, chicken, milk, fruits, vegetables and cooking oils, etc have risen notably during last couple of weeks, putting pressure on overall consumer prices. The traders in provincial capital Peshawar have attributed that prices have gone up
Published 11 Apr, 2016 12:00am
Businessmen strike deals worth $ 225 million at TEXPO Pakistan

Businessmen strike deals worth $ 225 million at TEXPO Pakistan

As many as 650 business meetings took place between local exhibitors and international buyers during the TEXPO Pakistan which concluded, here on Sunday. According to Trade Development Authority of Pakistan (TDAP) officials, the 4-mega event was fruitful f
Published 11 Apr, 2016 12:00am
Three killed as bus plunges into ravine

Three killed as bus plunges into ravine

As many as three people were dead and twenty three others sustained injuries as a passenger bus plunged into a ravine in Lesbela on Sunday. According to details, a speeding bus in route to Shah Noorani overturned and plunged into ravine, killing three peo
Published 11 Apr, 2016 12:00am
Generator smoke claims four lives

Generator smoke claims four lives

At least four people were killed due to smoke of generator in room in Peshawar's Shagai area on Sunday. According to details, the ill-fated Shamshair, his son and two nephews fell asleep in a room where generator was placed. The smoke coming from the gene
Published 11 Apr, 2016 12:00am
Industrial Policy 2016: KP to expedite implementation of incentives

Industrial Policy 2016: KP to expedite implementation of incentives

The provincial government of Khyber Pakhtunkhwa has decided to expedite implementation of five major industrial incentives announced under Provincial Industrial Policy 2016 for attracting maximum domestic and foreign investment and industrialisation in th
Published 11 Apr, 2016 12:00am
Panama Papers: Baloch, people demand transparent probe

Panama Papers: Baloch, people demand transparent probe

Secretary General Jamaat-e-Islami (JI) Pakistan Liaquat Balouch has said that corruption has become the mother of all ills in the country and has even put the sovereignty of the state at jeopardy.
Published 11 Apr, 2016 12:00am
Woman writer praised for contributions to Hindko literature

Woman writer praised for contributions to Hindko literature

The Gandhara Hindko Academy and Gandhara Hindko Board jointly arranged a function on Sunday to acknowledge the literary services of a noted Canada-based Hindko fiction writer, researcher, columnist and broadcaster from Peshawar, Aftab Iqbal Bano. An emine
Published 11 Apr, 2016 12:00am
Three alleged terrorists killed in Quetta
Exchange

Three alleged terrorists killed in Quetta

As many as three alleged terrorists were killed by law enforcement agencies in an exchange of firing near East bypass in Quetta on Sunday. The security personnel on a tip-off received about the presence of criminal elements raided Rind Garh area. The susp
Published 11 Apr, 2016 12:00am
We're not in favour of 'go Nawaz go': Khurshid

We're not in favour of 'go Nawaz go': Khurshid

Opposition Leader in the National Assembly Syed Khurshid Shah has said that he is not in favour of 'Go Nawaz Go' but there should be a thorough and transparent investigation into the Panama Papers' revelations regarding the offshore companies of Prime Min
Published 11 Apr, 2016 12:00am
Climate change threatens hearts, lungs but also brains

Climate change threatens hearts, lungs but also brains

Climate change can be expected to boost the number of annual premature US deaths from heat waves in coming decades and to increase mental health problems from extreme weather like hurricanes and floods, a US study said on Monday.
Published 11 Apr, 2016 12:00am
Scientists identify deadly tilapia virus

Scientists identify deadly tilapia virus

International scientists said on Tuesday they have identified a new virus that is killing both wild and farmed tilapia fish, an important global food source worth $7.5 billion each year. The culprit is related to a family of influenza viruses, and appears
Published 11 Apr, 2016 12:00am
Diabetes cases reach 422 million as poorer countries see steep rises

Diabetes cases reach 422 million as poorer countries see steep rises

The number of adults with diabetes has quadrupled world-wide in under four decades to 422 million, and the condition is fast becoming a major problem in poorer countries, a World Health Organisation study showed on Wednesday. In one of the largest studies
Published 11 Apr, 2016 12:00am
Zika mystery deepens with evidence of nerve cell infections

Zika mystery deepens with evidence of nerve cell infections

Top Zika investigators now believe that the birth defect microcephaly and the paralysing Guillain-Barre syndrome may be just the most obvious maladies caused by the mosquito-borne virus. Fuelling that suspicion are recent discoveries of serious brain and
Published 11 Apr, 2016 12:00am
Oil spill tests on ice prove Arctic quests risky

Oil spill tests on ice prove Arctic quests risky

The skimmer is lowered from the rear of the icebreaker, its weight pushing massive pieces of ice under the water and forcing the spilt oil up to the surface, where the sticky black goo can be sucked up. Luckily, this is just a test: as the world's superpo
Published 11 Apr, 2016 12:00am
Volvo aims at testing self-driving cars in China using local drivers

Volvo aims at testing self-driving cars in China using local drivers

Volvo aims to launch an experiment involving self-driving cars in China in which up to 100 such cars could be deployed, executives at the Swedish automaker said. The planned experiment, expected to be announced on Thursday, will see local drivers test the
Published 11 Apr, 2016 12:00am
Image is all for Huawei's new P9 smartphone flagship

Image is all for Huawei's new P9 smartphone flagship

China's Huawei Technologies presented its latest flagship smartphone on Wednesday, featuring a dual-lens camera co-engineered with Germany's Leica that it hopes will set it apart from all the other Android devices on the market.
Published 11 Apr, 2016 12:00am
US approves low-income broadband subsidy plan

US approves low-income broadband subsidy plan

A US regulator Thursday approved a plan to provide subsidies to low-income Americans for high-speed Internet access, saying it would help close the "digital divide."
Published 11 Apr, 2016 12:00am
Google unveils India 'health cards'

Google unveils India 'health cards'

Google on Tuesday began offering its own doctor-vetted health information on search pages in India, as the Internet giant battles to boost user numbers in the key emerging market. The "health cards", available in Hindi and English, cover more than 400 con
Published 11 Apr, 2016 12:00am
WhatsApp encrypts its entire service

WhatsApp encrypts its entire service

Communications app WhatsApp has instituted end-to-end encryption for all communications on its network of one billion people world-wide, the company's founders told the tech magazine Wired Tuesday. The end-to-end encryption protects all text, photo, video
Published 11 Apr, 2016 12:00am
Twitter adds button to share tweets in direct messages

Twitter adds button to share tweets in direct messages

Twitter on Tuesday added a button that lets people easily share 'tweets' in direct messages. The move came as an acknowledgement of the appeal of one-to-one connections to users of the popular one-to-many messaging service, and as Twitter worked to ramp u
Published 11 Apr, 2016 12:00am
Daimler wants Amazon, Microsoft onboard mapping service Here

Daimler wants Amazon, Microsoft onboard mapping service Here

German automakers Audi, BMW and Daimler are in talks with Amazon and Microsoft over the possibility of them taking minority stakes in the Here digital mapping service, the Wall Street Journal reported Wednesday, quoting a senior Daimler executive. "We are
Published 11 Apr, 2016 12:00am
Daimler wants Amazon, Microsoft onboard mapping service Here

Daimler wants Amazon, Microsoft onboard mapping service Here

German automakers Audi, BMW and Daimler are in talks with Amazon and Microsoft over the possibility of them taking minority stakes in the Here digital mapping service, the Wall Street Journal reported Wednesday, quoting a senior Daimler executive. "We are
Published 11 Apr, 2016 12:00am
Alaska Air to buy Virgin America for $2.6 billion

Alaska Air to buy Virgin America for $2.6 billion

Alaska Air Group Inc said on Monday that it would buy Virgin America Inc for $ 2.6 billion in cash to become the top carrier on the US West Coast and compete more effectively with larger airlines. At $57 a share, the deal represents a premium of about 86
Published 11 Apr, 2016 12:00am
Nokia to cut thousands of jobs following Alcatel deal

Nokia to cut thousands of jobs following Alcatel deal

Telecom network equipment maker Nokia is planning to cut thousands of jobs world-wide, including 1,400 in Germany and 1,300 in its native Finland, as part of a cost-cutting programme following its acquisition of Alcatel-Lucent.
Published 11 Apr, 2016 12:00am
Santander to lay off another 460 workers

Santander to lay off another 460 workers

Spain's biggest bank Santander plans to lay off 460 employees at its headquarters in Madrid on top of the 1,200 already announced as part of a country-wide restructuring plan, a union said on Friday. Under pressure to trim costs, Santander said last week
Published 11 Apr, 2016 12:00am
Santander to lay off another 460 workers

Santander to lay off another 460 workers

Spain's biggest bank Santander plans to lay off 460 employees at its headquarters in Madrid on top of the 1,200 already announced as part of a country-wide restructuring plan, a union said on Friday. Under pressure to trim costs, Santander said last week
Published 11 Apr, 2016 12:00am
Boeing CEO says sales at risk due to US EXIM paralysis

Boeing CEO says sales at risk due to US EXIM paralysis

A delay in appointing US Export-Import Bank board members threatens to cost Boeing Co sales, the company's chief executive said on Thursday, flagging an issue that also affects General Electric and other US companies that depend on the agency's export fin
Published 11 Apr, 2016 12:00am
Toyota to open third US research lab to advance self-driving cars

Toyota to open third US research lab to advance self-driving cars

Toyota Motor Co said on Thursday it would open its third US research lab in Ann Arbor, Michigan in June for the study of artificial intelligence, robotics and materials science to spur the development of self-driving cars. The Japanese automaker already h
Published 11 Apr, 2016 12:00am
Vintage Pacquiao wins farewell fight against Bradley

Vintage Pacquiao wins farewell fight against Bradley

Manny Pacquiao crowned his 21-year professional career with an emphatic victory over Tim Bradley here Saturday, delivering a vintage performance before saying a farewell to boxing. Pacquiao - fighting for the first time since his defeat to Floyd Mayweathe
Published 11 Apr, 2016 12:00am
World Rugby agree deal with Alibaba to tackle China growth

World Rugby agree deal with Alibaba to tackle China growth

World Rugby have penned a 10-year deal with Chinese e-commerce giant Alibaba Group Holding Ltd to spark playing numbers and bring major events to the world's most populous country. The deal between the world governing body and Alisports will see Alibaba's
Published 11 Apr, 2016 12:00am
Idrees wins Chief of Naval Staff Amateur Golf Cup

Idrees wins Chief of Naval Staff Amateur Golf Cup

Idrees Nisar of Rawalpindi Golf Club won the 5th Chief of Naval Staff Amateur Golf Cup that concluded here at Margalla Greens Golf Club, Islamabad. Chief of the Naval Staff Admiral Muhammad Zakaullah graced the prize distribution ceremony as chief guest.
Published 11 Apr, 2016 12:00am
Erdogan opens new Besiktas Stadium

Erdogan opens new Besiktas Stadium

Turkish President Recep Tayyip Erdogan on Sunday inaugurated the brand new Istanbul waterfront stadium of the Besiktas football club, whose hardcore fans have been virulently hostile to his rule. The formal opening did not take place inside the stadium -
Published 11 Apr, 2016 12:00am
Lee wins Malaysian Open

Lee wins Malaysian Open

Malaysia's badminton star Lee Chong Wei won his 11th Malaysian Open title Sunday, a much-needed boost for his pursuit of a still-elusive Olympic gold medal. Lee cruised to victory with a flurry of devastating smashes against world number one Chen Long fro
Published 11 Apr, 2016 12:00am
Infantino protests innocence in Panama Papers leaks

Infantino protests innocence in Panama Papers leaks

FIFA's under-fire president Gianni Infantino has insisted he has done nothing wrong despite being linked to the Panama Papers leaks, in Monday's edition of German magazine Kicker. In an exclusive interview, the 46-year-old, who was voted as FIFA's new pre
Published 11 Apr, 2016 12:00am
Leicester qualify for Champions League

Leicester qualify for Champions League

Premier League leaders Leicester City qualified for the Champions League for the first time in their history on Sunday. Leicester's 2-0 win away to Sunderland allied to fifth-placed Manchester United's 3-0 loss at Tottenham Hotspur guaranteed the Foxes a
Published 11 Apr, 2016 12:00am
Supersub Origi at the double as Liverpool beat Stoke

Supersub Origi at the double as Liverpool beat Stoke

Divock Origi came off the bench to score twice as Liverpool beat Stoke City 4-1 at Anfield on Sunday for their biggest home win this season. Victory saw the Reds leapfrog the Potters into eighth place in the Premier League table.
Published 11 Apr, 2016 12:00am
Spurs stun Man Utd with six-minute blitz

Spurs stun Man Utd with six-minute blitz

Dele Alli, Toby Alderweireld and Erik Lamela struck in six second-half minutes as Tottenham Hotspur swamped Manchester United 3-0 on Sunday to keep Premier League leaders Leicester City in sight.
Published 11 Apr, 2016 12:00am
Japan great Kitajima retires with 'no regrets'

Japan great Kitajima retires with 'no regrets'

Japanese swim king Kosuke Kitajima formally announced his retirement from competition on Sunday, content with his legacy as Japan's greatest-ever swimmer. Arguably the greatest breaststroker of all-time, the 33-year-old insisted there would be no flip-flo
Published 11 Apr, 2016 12:00am
Former Springboks captain Pienaar to probe Protea chokers

Former Springboks captain Pienaar to probe Protea chokers

South African Rugby World Cup winner Francois Pienaar has been included in a four-person panel to probe consistently poor performances by the national cricket teams. Labelled 'chokers' because of repeated failures to win major competitions, the Proteas fa
Published 11 Apr, 2016 12:00am
Japan ace Momota axed for Rio over illegal gambling

Japan ace Momota axed for Rio over illegal gambling

Olympic medal hope Kento Momota has been kicked off Japan's badminton team for the Olympics this summer for gambling at an illegal casino, officials said on Sunday. The Nippon Badminton Association threw the book at the 21-year-old world number two, banni
Published 11 Apr, 2016 12:00am
Volkswagen CEO seeks cut to board bonuses

Volkswagen CEO seeks cut to board bonuses

Volkswagen Chief Executive Matthias Mueller will push for a significant reduction in bonuses for the carmaker's management board on Monday, sources familiar with the matter told Reuters. The proposal being put forward at a supervisory board steering commi
Published 11 Apr, 2016 12:00am
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