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Coronavirus
VERY HIGH
Pakistan Deaths
15,872 ▲
11824hr
Pakistan Cases
739,818 ▲
539524hr
Sindh
270,310
Punjab
258,441
Balochistan
20,580
Islamabad
68,066
KPK
102,290
Business Recorder Logo
Apr 15, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

COVID 19 pandemic

Croatia central bank lifts growth forecast for 2021 to 5.9pc

Croatia central bank lifts growth forecast for 2021 to 5.9pc

  • "We expect a stronger recovery of domestic demand this year," the central bank said in a statement.
  • It said some risks remained related to the results of the summer tourism season, which is seen bringing higher income than was the case last year. The worst case scenario envisages growth of just 2.8%, the bank said.
Published 12 Apr, 2021 08:56pm
French far-right politician Marine Le Pen to stand in 2022 election
World

French far-right politician Marine Le Pen to stand in 2022 election

  • "I am once again standing as a presidential candidate, before you," Le Pen, who heads up the far-right Rassemblement National party, told a news conference.
  • Nevertheless, concerns about his government's handling of the COVID-19 pandemic, and worries about terrorism, immigration and violent crime, have dented Macron's standing.
Published 09 Apr, 2021 06:07pm
Olympics-Tokyo organisers to cancel water polo test event
Sports

Olympics-Tokyo organisers to cancel water polo test event

  • A cancellation would be another blow for organisers just days after they restarted test events, which had been on hold due to the pandemic, for the first time in more than a year.
  • The water polo test event will be cancelled because overseas officials are unable to come to Japan amid strict COVID-19 countermeasures, public broadcaster NHK said.
Published 06 Apr, 2021 10:27am
China stocks up
Markets

China stocks up

SHANGHAI: China shares climbed more than 1% on Tuesday, underpinned by gains in new energy and healthcare stocks, as...
Published 31 Mar, 2021 05:42am
Euro zone banks have enough capital to withstand pandemic hit: IMF
Business & Finance

Euro zone banks have enough capital to withstand pandemic hit: IMF

  • The IMF said that based on its January 2021 projections, banks in the 19 countries sharing the euro would stay broadly resilient to the deep recession in 2020 and the partial recovery this year.
  • The aggregate capital ratio is projected to decline from 14.7 percent to 13.1 percent by the end of 2021 if policy support is maintained. Indeed no bank will breach the prudential minimum capital requirement of 4.5 percent, even without policy support.
Published 26 Mar, 2021 05:35pm
Aussie Rules match falls short of post-COVID crowd record
World

Aussie Rules match falls short of post-COVID crowd record

  • Authorities in Australia's southern state of Victoria, of which Melbourne is the capital, on Tuesday lifted a cap on crowds at sporting events to 75% from 50% of stadium capacity after declaring the state officially COVID-free.
  • The crowd was the biggest for a sporting fixture in the southern hemisphere since the shutdown of sport caused by the pandemic last year, bettering the 49,218 who turned out at the MCG last week for Carlton's match against Richmond.
Published 25 Mar, 2021 05:59pm
EU shouldn't be 'useful idiot' in global vaccine battle: French official
World

EU shouldn't be 'useful idiot' in global vaccine battle: French official

  • "Europe shouldn't be a sort of useful idiot in the battle against the virus," the French presidential adviser told reporters ahead of a virtual EU summit on Thursday.
  • The regulation is aimed at making vaccine trade reciprocal and proportional so that other vaccine-making countries sell to Europe and the EU does not export much more than it imports, one EU official said.
Published 24 Mar, 2021 05:36pm
ECB's Lagarde warns of uncertainty about speed of vaccination
World

ECB's Lagarde warns of uncertainty about speed of vaccination

  • "The near-term economic outlook is subject to uncertainty, relating in particular to the dynamics of the pandemic and the speed of vaccination campaigns," Lagarde said in a blog post on the ECB's website.
  • We therefore stand ready to adjust all of our instruments, as appropriate, to ensure that inflation moves towards our aim in a sustained manner, in line with our commitment to symmetry.
Published 22 Mar, 2021 09:22pm
Goldman sees oil price pullback as buying opportunity
Markets

Goldman sees oil price pullback as buying opportunity

  • "We estimate that the oil market has remained in a large 2.5 million bpd deficit since February despite our estimate that Iran exports have increased by 0.7 million bpd year-to-date," Goldman said in a note dated March 18.
Published 19 Mar, 2021 11:35am
US travel spending fell 42pc, down $492bn in 2020
Business & Finance

US travel spending fell 42pc, down $492bn in 2020

  • US Travel Association said the industry shed 5.6 million direct and indirect jobs last year as the decline in travel cost the US $1.1 trillion in total economic output, falling to $1.5 trillion over 2019's $2.6 trillion. US tax revenue collected from travel also fell by $57 billion in 2020.
Published 17 Mar, 2021 08:56pm
UK Johnson's ex-aide blames ‘smoking ruin’ at health ministry for COVID failures
World

UK Johnson's ex-aide blames ‘smoking ruin’ at health ministry for COVID failures

  • Dominic Cummings, Johnson's senior adviser until November last year, said Britain's more recent success in rolling out a rapid vaccine programme was a result of a decision to take vaccine procurement out of the ministry's hands.
  • The health ministry was "just a smoking ruin in terms of procurement and PPE and all of that", he said.
Published 17 Mar, 2021 05:49pm
PTI govt's policies on environment being recognised globally: PM
Pakistan

PTI govt's policies on environment being recognised globally: PM

  • Govt's measures on green recovery programme from the Covid 19 pandemic and our climate action plan have been appreciated, says Imran
  • The PM also shared World Economic Forum’s video showing measures the government has taken to address a serious threat posed by climate change
Updated 14 Mar, 2021 03:13pm