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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,709 ▲
524hr
Pakistan Cases
1,284,365 ▲
17624hr
0.48% positivity
Sindh
475,248
Punjab
442,950
Balochistan
33,479
Islamabad
107,626
KPK
179,928
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Nov 29, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

COVID 19 pandemic

Inter must cut wages to survive COVID-19 hit, says Marotta
Sports

Inter must cut wages to survive COVID-19 hit, says Marotta

  • Inter won their first Serie A title in 11 years at the start of May but reports in the Italian media say players and staff have been asked to sacrifice two months' wages to help ease the economic situation.
  • "Now the main objective is to reduce costs, therefore also wages, which have a big impact, and then we must make the most of the resources at our disposal."
Published 15 May, 2021 07:07pm
Singapore Open cancelled due to COVID-19
Sports

Singapore Open cancelled due to COVID-19

  • The Super 500 event on the HSBC BWF World Tour was the last tournament where Olympic hopefuls could collect points towards the Race to Tokyo rankings - a programme that decides who qualifies for the Summer Games which begin on July 23.
  • "All attempts were made by the organisers and BWF to provide a safe tournament environment for all participants," the BWF said in a statement.
Published 12 May, 2021 04:45pm
Delta sees profit later this year as it posts another dismal quarter
Business & Finance

Delta sees profit later this year as it posts another dismal quarter

  • Air travel, stifled by the COVID-19 pandemic, is widely expected to rebound in the second half of 2021 as wide vaccine rollouts encourage travel and drive summer bookings.
  • "A year after the onset of the pandemic, travelers are gaining confidence and beginning to reclaim their lives," Delta Chief Executive Officer Ed Bastian said in a statement.
Published 15 Apr, 2021 06:40pm
Croatia central bank lifts growth forecast for 2021 to 5.9pc
Business & Finance

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