Trends - coronavirus pandemic - Business Recorder

World

Pelosi asks Biden to address US Congress to mark 100 days in office

The request came from House of Representatives Speaker Nancy Pelosi, who invited Biden to make a speech April 28 to talk about.

Published 14 Apr, 2021 10:51am

Technology

PTCL Group posts Rs33.9bn revenue in Q1 2021

ISLAMABAD: The Pakistan Telecommuni-cation Company Limited (PTCL) Group posted revenue of Rs 33.9 billion in Q1 2021...

Published 14 Apr, 2021 03:22am

Business & Finance

Volkswagen, IG Metall strike wage deal

Volkswagen, the world's second-largest carmaker, has seen its shares rise by more than half, shrugging off the impact from the coronavirus pandemic and a chip shortage that has hit the automotive sector.

Published 13 Apr, 2021 12:39pm

World

Merkel seizes reins as German states dither over virus

Currently coronavirus measures are decided on in consultation with Berlin and -- in theory -- implemented by the federal states.

Published 13 Apr, 2021 12:13pm

World

Trudeau pledges green recovery ahead of possible early election

The leftist New Democrats, which also held its party convention this weekend, have said they would vote with the government through the pandemic.

Updated 11 Apr, 2021 05:53pm

Business & Finance

Dubai trade volumes fell 13.7% in 2020

Trade with the United States decreased 21.5% to 61 billion dirhams, and trade with Saudi Arabia, its largest Arab trading partner, declined 3.6% to 54 billion dirhams.

Updated 11 Apr, 2021 05:50pm

Pakistan

COVID-19 outbreak: Pakistan records 114 deaths with 5,050 new infections in 24 hours

The total number of infections in the country now currently stands at 721,018
At least 46,066 tests were conducted while 631,700 people recovered from the deadly disease

Updated 11 Apr, 2021 10:31am

World

Largest Czech COVID vaccination centre open but waiting for shots

On Friday, 1,000 state emergency personnel were set to get shots.

Published 09 Apr, 2021 03:46pm

Markets

Argentine Senate gives approval for wage tax cut measure

Workers who earn up to 150,000 pesos per month ($1,624) will be exempt from paying income tax, under the measure.

Published 09 Apr, 2021 11:57am

World

Jordan marks muted centenary after palace crisis

But even before the palace crisis, plans for centenary celebrations were muted due to Covid-19.

Published 09 Apr, 2021 10:08am

Pakistan

There is need to change current COVID-19 vaccination strategies, PM Khan tells D-8 summit session

Imran says the developed countries should show more solidarity and contribute to funding the third world states
The premier emphasized the need for business partnerships among the D-8 members, terming it ‘essential’ for building a stronger economy

Published 08 Apr, 2021 04:56pm

Business & Finance

Pandemic drives Germany to highest deficit in 30 years

Companies can shorten workers' hours under a government scheme designed to avoid mass layoffs during the downturn by offering companies subsidies to keep workers on the payroll.

Published 07 Apr, 2021 12:42pm

Business & Finance

Japan households' confidence hits 8-year high, inflation expectations rise

While the economy may have emerged from the pandemic's initial hit, a resurgence in infections and weak wage growth cloud the outlook for consumption.

Published 07 Apr, 2021 12:13pm

Markets

Dollar retreats as profit-taking, falling yields hurt

Major cryptocurrency Etheruem reached a peak of $2,151.63 on Tuesday, before paring gains.

Published 07 Apr, 2021 11:31am

Pakistan

COVID pandemic: Pakistan reports 102 deaths, 4,004 new infections in 24 hours

The COVID positivity ratio in the country is 9.6 percent: NCOC
At least 3, 769 patients are in critical condition while the total number of infections in the country now currently stands at 700,188

Updated 07 Apr, 2021 11:02am

Business & Finance

Japan's soft household spending, wages signal prolonged COVID-19 economic strains

Feb household spending falls 6.6% vs f'cast -5.3%.
Household spending down for 3rd straight month.
Consumer spending seen recovering but only moderately.

Published 06 Apr, 2021 11:13am

Pakistan

CAA extends travel restrictions on incoming flights till April 20, travellers from 22 states not allowed entry under new rules

The new rules will come into effect from April 6 on all inbound travelers including chartered and private flights
The aviation authority has increased the number of countries in category C from 12 to 22 due to the spread of the new variant of coronavirus

Updated 05 Apr, 2021 03:25pm

Pakistan

COVID outbreak: Schools in Sindh to remain closed for two weeks, says Ghani

Minister says govt has decided to close schools for primary classes and below for fifteen days from April 6
The decision has been taken keeping in view the worsening coronavirus situation

Published 04 Apr, 2021 03:39pm

World

Hong Kong police make record 700kg cocaine bust

"We found a lot of water-proof bags that were still wet at the scene and all the cocaine bricks were carefully wrapped in plastic," he added.

Updated 04 Apr, 2021 05:48pm

Markets

Sovecon lowers forecast for Russian 2020/21 wheat

MOSCOW: Russian agriculture consultancy Sovecon said on Friday it had lowered its forecast for Russia’s 2020/21...

Published 03 Apr, 2021 03:41am

World

Bulgarian economy to grow by 2.7pc this year

The economy contracted by 4.2% last year, hit by the coronavirus pandemic.
The ministry sees annual average inflation, calculated under a European Union-harmonised index, at 1.8% this year and 2% in 2022.

Published 02 Apr, 2021 09:26pm

World

Berlin imposes nighttime ban on gatherings from Friday

Last week Chancellor Angela Merkel accused state premiers of failing to stick to earlier agreements to reimpose restrictions if infections rose again as the lockdown was gradually relaxed.
The DIVI association for intensive and emergency medicine said Germany urgently needs a two-week lockdown, faster vaccinations and compulsory tests at schools.

Published 01 Apr, 2021 08:22pm

World

Merkel urges Germans to celebrate Easter quietly

"It should be a quiet Easter, with those closest to you, with very reduced contact. I urge you to refrain from all non-essential travel," Merkel said in a video message, adding this was the only way to help the doctors and nurses fighting the virus.

Published 01 Apr, 2021 07:14pm

World

New UN study shows 72 nations and $598bn in debt payments at risk through 2025

Of those, only 49 countries are eligible for debt relief measures adopted by the Group of 20 major economies, UNDP Administrator Achim Stein told reporters, calling on G20 members to quickly expand a moratorium on debt service payments and a common framework for debt treatments beyond the poorest nations.

Updated 01 Apr, 2021 07:05pm

World

Brazil closes out deadliest month of pandemic by far

The 24-hour death toll reported by the health ministry Wednesday also set a new record: 3,869.

Updated 01 Apr, 2021 04:18pm

World

Donors face $10bn aid appeal at Syria conference

BRUSSELS: International donors on Tuesday pushed to meet a United Nations call for $10 billion in aid for Syria and...

Updated 01 Apr, 2021 09:09am

Markets

Asian shares defensive, set for monthly loss on bond rout

The dollar is on track for a third straight monthly rise against the yen and its biggest since end-2016.

Published 31 Mar, 2021 02:13pm

Pakistan

Pakistan reports 4757 new COVID-19 infections, 78 deaths in 24 hours

With more fatalities, the total death toll due to the deadly disease has reached 14,434
At least 43,965 tests were conducted across the country during 24 hours

Updated 31 Mar, 2021 01:10pm

World

Slovak PM resigns over handling of pandemic

BRATISLAVA: Slovak Prime Minister Igor Matovic resigned on Tuesday following heavy criticism in the ex-communist...

Updated 31 Mar, 2021 10:15am

World

France reports 2021 high of 5,072 people in intensive care with COVID-19

The health ministry reported 381 new deaths, including 45 deaths in retirement homes over several days, taking the cumulative death toll to 95,337.

Updated 31 Mar, 2021 12:05am