Trends - COVID19 - Business Recorder

COVID19

Amidst new virus strain, Saudi Arabia suspends all international passenger flights for a week

On Sunday, Saudi Arabia suspended all international passenger flights for one week, in response to a new strain of the coronavirus.
Entry and transit in the Kingdom through both land and sea ports has also been suspended, and could potentially be extended by an additional week.

Published 21 Dec, 2020 07:23pm

World

Key facets of the $900 billion U.S coronavirus relief bill

On Sunday, bipartisan lawmakers in the United States Congress released a long-awaited $900 billion coronavirus relief bill, which is expected to be signed into law by President Trump.
This relief package will be combined with an additional $1.4 trillion in federal funding and tax provisions to facilitate federal agencies through the end of September.

Updated 21 Dec, 2020 07:17pm

World

Saudi Arabia, Oman to close borders for one week over new COVID strain

Fellow Gulf Arab state Oman will close its land, air and sea borders for one week starting Tuesday, state television reported on Monday.
In Kuwait, the civil aviation authority added the United Kingdom to its high-risk list of countries on Sunday, meaning all flights from it are banned.

Published 21 Dec, 2020 06:41pm

World

More than 40pc of Spaniards willing to get COVID-19 vaccine

While 28% of respondents in the survey by the Centre for Sociological Studies (CIS) said they would not take the vaccine immediately.
The EU drug regulator is expected to decide on Monday on approval for the vaccine developed by Pfizer and BioNTech after the shot was authorised in several countries.

Published 21 Dec, 2020 06:39pm

World

World closes borders to Britain as new coronavirus strain breeds panic

More countries closed their borders to Britain on Monday over fears of a highly infectious new coronavirus strain, heightening global panic.
A slew of countries have already suspended travel, including France, Germany, Italy, the Netherlands, Austria, Ireland, Belgium, Israel and Canada.

Published 21 Dec, 2020 06:14pm

World

India suspends all flights from the UK as concerns grow over new virus strain

Britain is one of the 23 countries that India shares an "air bubble" with, as part of temporary bilateral arrangements after regular international flights were suspended after the pandemic hit.

Published 21 Dec, 2020 03:56pm

Pakistan

CM Punjab Usman Buzdar tests positive for COVID-19

"Buzdar has suspended all his work engagements and has been advised by his doctors to rest," tweets CM Punjab's media team.
Usman Buzdar is currently self isolating at the CM house, says the team.

Updated 21 Dec, 2020 06:24pm

World

New COVID variant: Over 30 countries cut air travel ties with Britain

The European Union has called a crisis management meeting after Britain’s PM Boris Johnson ordered a wholesale lockdown on London
Britain's Health Secretary declares the new strain is out of control

Published 21 Dec, 2020 01:16pm

World

Flights from Britain to Poland to be halted on Monday night

Countries including France, Germany, Italy, the Netherlands, Belgium, El Salvador.

Published 21 Dec, 2020 11:58am

Markets

Australia shares slip as Sydney virus spike stoke border curb worries

Software firm WiseTech Global fell 6.5% to be the biggest loser among tech stocks on reports of a short-seller attack.

Published 21 Dec, 2020 11:54am

World

U.S. Congress reaches deal on COVID-19 aid package, plans votes for Monday

U.S. congressional leaders reached agreement on Sunday on a $900 billion package to provide the first new aid in months to an economy and individuals battered by the surging coronavirus pandemic.
The pandemic will stand as the largest crisis facing Biden’s new administration, although signs of hope have emerged as the United States has begun vaccinating people against the highly contagious respiratory disease.

Published 21 Dec, 2020 11:11am

Technology

US lawmakers back $1.9 billion to replace telecom equipment from China's Huawei, ZTE

It also includes about $250 million for additional FCC support for telehealth and $1 billion for a NTIA tribal broadband connectivity grant program.

Published 21 Dec, 2020 11:08am

World

Saudi Arabia suspends international flights and land and sea entry for a week

The source added the entry to the kingdom through land and sea ports will be also suspended for a renewable week.

Published 21 Dec, 2020 10:43am

Markets

Australia shares poised to slip as Sydney travel curbs stoke recovery fears

The states of Victoria and Queensland, and the Northern Territory, banned people arriving from Sydney as of Monday.

Published 21 Dec, 2020 10:40am

World

Qatar approves Pfizer and BioNTech COVID-19 vaccine emergency use

Qatar is due to receive the first shipment of the vaccine produced by Pfizer Inc and BioNTech on Monday.

Published 21 Dec, 2020 10:38am

World

UK PM Johnson to chair emergency response meeting on COVID travel, freight

Transport minister Grant Shapps urged Britons, especially hauliers, not to travel to ports in Kent in southern England, warning on Twitter that "we expect significant disruption in the area".

Published 21 Dec, 2020 10:31am

Business & Finance

KSA suspends international flights amid COVIS-19 second wave

A statement issued by the Interior Ministry said that those who have come from any European country or country where the pandemic has spread since December 8, 2020, should take the following steps.

Published 21 Dec, 2020 10:27am

Markets

Dollar climbs, sterling sinks as coronavirus lockdowns stoke haven demand

Even so, the mood could shift quickly, NAB's Catril warned, forecasting that the pound could climb to $1.50 next year if a last-minute Brexit agreement gets done.

Published 21 Dec, 2020 10:17am

Markets

Australia shares edge lower as virus cases resurge in Sydney

Australian technology stocks added 1.2% with Afterpay gaining over 5% and Tech One rising nearly 2%.

Published 21 Dec, 2020 10:10am

Markets

Japan to increase issuance of 40-year JGBs from April

The announcement was in line with a Reuters report last week.

Published 21 Dec, 2020 10:01am

Markets

Oil prices fall amid worries over new coronavirus strain

The negative sentiment also overshadowed a weekend deal among US congressional leaders for a $900 billion coronavirus aid package.

Published 21 Dec, 2020 09:58am

World

Argentina, Chile to suspend flights from Great Britain over COVID-19 concerns

Chile's government said non-resident foreigners who had been in Great Britain over the last 14 days will be banned from entering the country.

Published 21 Dec, 2020 09:53am

World

US Senate votes to extend government funding to avoid shutdown

The measure has already passed the House of Representatives and now heads to President Donald Trump to sign into law.

Published 21 Dec, 2020 09:33am

Business & Finance

Amazon shuts New Jersey facility till Dec. 26 on virus spike among workers

Some staff, elected officials and unions in recent months have said Amazon put its employees' health at risk by keeping warehouses open during the pandemic.

Published 21 Dec, 2020 09:09am

Markets

Copper slips further below $8,000 as rally runs out of gas

Metals were also under pressure as the greenback climbed against major peers amid tightening COVID-19 lockdowns globally.

Published 21 Dec, 2020 08:56am

World

Australia's most populous state says COVID-19 cases at 3-day low

All arrivals enter mandatory hotel quarantine on their arrival, which Australia credits as central in it avoiding high coronavirus numbers compared with other developed nations.

Published 21 Dec, 2020 08:50am

Business & Finance

Japan's record $1 trillion budget highlights COVID-19 challenge to growth, debt

The 106.6 trillion yen ($1.03 trillion) annual budget also got a boost from record military and welfare outlays. It marked a 4% rise from this year's initial level, rising for nine years in a row, with new debt making up more than a third of revenue.

Published 21 Dec, 2020 08:44am

Markets

Tokyo stocks down with wary eyes on virus

The dollar fetched 103.40 yen in early Asian trade, against 103.28 yen in New York late Friday.

Published 21 Dec, 2020 08:41am

Markets

Stocks, pound, oil sink as virus surge trumps stimulus deal

Oil prices also sank as the new containment measures hammered expectations for travel over the Christmas period, with the discovery of a mutated and more infectious strain of the coronavirus in Britain also leading several governments to ban flights from the country.

Published 21 Dec, 2020 08:35am

World

Tougher UK coronavirus curbs may last some time, health minister suggests

Decision taken quickly after evidence of new strain.
Economic impact will be severe, says Hancock.

Published 20 Dec, 2020 05:01pm

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Jun 8 Security Investment Bank Limited(SIBL)	5.03 ▲ 1.00 (24.81%)
Zephyr Textile / Jun 8 Zephyr Textiles Limited(ZTL)	9.98 ▲ 0.98 (10.89%)
Haseeb Waqas / Jun 8 Haseeb Waqas Sugar Mills Limited(HWQS)	5.50 ▲ 0.53 (10.66%)
Hussain Industries / Jun 8 Husein Industries Limited(HUSI)	12.55 ▲ 1.00 (8.66%)
Kohinoor Mills / Jun 8 Kohinoor Mills Limited(KML)	52.68 ▲ 3.68 (7.51%)
Colgate Palm / Jun 8 Colgate-Palmolive (Pakistan) Limited(COLG)	1801.55 ▲ 125.69 (7.50%)
Gatron Ind. / Jun 8 Gatron (Industries) Limited(GATI)	281.39 ▲ 19.63 (7.50%)
Khyber Tobacco / Jun 8 Khyber Tobacco Company Limited(KHTC)	489.02 ▲ 34.12 (7.50%)
Sunrays Textile / Jun 8 Sunrays Textile Mills Limited(SUTM)	123.63 ▲ 8.63 (7.50%)
Bunnys Limited / Jun 8 Bunnys Limited(BNL)	16.23 ▲ 1.13 (7.48%)

Stock	Price
Century Paper / Jun 8 Century Paper & Board Mills Limited(CEPB)	30.86 ▼ -24.67 (-44.43%)
Mod. Al-Mali (R) / Jun 8 Modaraba Al-Mali R(MODAMR1)	0.47 ▼ -0.13 (-21.67%)
Sindh Modaraba / Jun 8 Sindh Modaraba(SINDM)	7.20 ▼ -1.00 (-12.20%)
Pak Gulf Leasing / Jun 8 Pak-Gulf Leasing Company Limited(PGLC)	6.55 ▼ -0.84 (-11.37%)
PICIC Ins.Ltd. / Jun 8 PICIC Insurance Limited(PIL)	0.59 ▼ -0.06 (-9.23%)
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	3.53 ▼ -0.35 (-9.02%)
TPL Corp Ltd / Jun 8 TPL Corp Limited(TPL)	5.65 ▼ -0.55 (-8.87%)
JDW Sugar / Jun 8 JDW Sugar Mills Limited(JDWS)	370 ▼ -34.00 (-8.42%)
Bilal Fibres / Jun 8 Bilal Fibres Limited(BILF)	2.25 ▼ -0.19 (-7.79%)
Pak Leather / Jun 8 Pak Leather Crafts Limited(PAKL)	13.18 ▼ -1.07 (-7.51%)

Stock	Volume
WorldCall Telecom / Jun 8 Worldcall Telecom Limited(WTL)	79,599,537 ▼ -0.04
Unity Foods Ltd / Jun 8 Unity Foods Limited(UNITY)	28,717,723 ▲ 0.73
Telecard Limited / Jun 8 Telecard Limited(TELE)	16,584,665 ▼ -0.31
Pak Int.Bulk / Jun 8 Pakistan International Bulk Terminal(PIBTL)	15,416,500 ▼ -0.18
TPL Properties / Jun 8 TPL Properties Limited(TPLP)	15,277,141 ▼ -0.20
Pak Refinery / Jun 8 Pakistan Refinery Limited(PRL)	11,614,238 ▼ -0.31
Bankislami Pak. / Jun 8 BankIslami Pakistan Limited(BIPL)	11,156,759 ▼ -0.48
TRG Pak Ltd / Jun 8 TRG Pakistan Limited(TRG)	9,934,796 ▼ -4.26
Fauji Foods Ltd / Jun 8 Fauji Foods Limited(FFL)	9,822,229 ▼ -0.11
P.I.A.C.(A) / Jun 8 Pakistan International Airlines Corp(PIAA)	8,850,000 ▼ -0.35

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
Dow Jones / Jun 7	33665.02
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52
FTSE 100 / Jun 8	7612.23
Germany DAX 30 / Jun 8	15994.38
France CAC40 / Jun 8	7222.68

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

COVID19

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