Trends - EU - Business Recorder

EU

Draft EU rules propose mammoth fines, bans for tech giants

The EU has also ordered Apple to pay billions of euros in back taxes to Ireland, but that decision was quashed by the EU's highest court.

Published 15 Dec, 2020 10:40am

Business & Finance

Airbus urges compromises on Brexit, transatlantic tariffs

Faury said Airbus would maintain its reduced output of 40 A320-family jets a month into early 2021, but did not address the timing or scale of any output increase.

Published 15 Dec, 2020 09:34am

Johnson and von der Leyen decide fate of Brexit deal

"The prime minister will leave no stone unturned in this process, but he is absolutely clear: any agreement must be fair and respect the fundamental position that the UK will be a sovereign nation in three weeks' time," the source said.

Updated 13 Dec, 2020 06:11pm

Pakistan

India is neither ‘responsible’ nor a ‘democracy’: FO rejects MEA’s attempt to deny responsibility following disinformation exposé

"The report by EU DisinfoLab goes to further corroborate our long-held position about India’s incurable obsession with Pakistan and its unrelenting smear campaign against Pakistan," FO said.
It is time that the world saw the reality of India as a state-sponsor of terrorism and a purveyor of anti-Pakistan propaganda globally, FO added.

Updated 12 Dec, 2020 06:47pm

Pakistan

Pakistan urges UN, EU to probe report exposing Indian propaganda network

The investigation report uncovered a network consisting of 265 fake local media outlets in 65 countries, serving New Delhi’s interest as well as multiple dubious think tanks and NGOs.
"We urge the UN human rights machinery, the UN High Commissioner for Human Rights as well as human rights experts to take a serious look as to how a prestigious platform such as the human rights council was thus misused," says Qureshi.

Published 11 Dec, 2020 05:44pm

Pakistan

EU DisinfoLab's revelation about Indian subversive activities vindicates Pakistan's position: PM

He said the international community needs to take notice of a rogue Indian regime that now threatens the stability of the global system.
EU DisinfoLab in its investigation uncovered a network consisting of 265 fake local media outlets serving New Delhi’s interest.

Published 11 Dec, 2020 10:53am

EU opens path for sanctions against Turkey

"The chosen measures will be sanctions on individuals, and supplementary measures could be decided if Turkey pursues its actions," a diplomat told AFP.

Published 11 Dec, 2020 08:45am

World

EU leaders reach budget deal with Poland and Hungary

Budapest and Warsaw are major recipients of EU budget cash, and the new mechanism was seen as a way by critics to slow a steady slide into authoritarianism in those countries.

Published 11 Dec, 2020 02:30am

World

EU extends Russia's economic sanctions by six months

The EU insists the 2015 Minsk accords must be fully implemented before relations can be normalised.

Published 11 Dec, 2020 02:26am

World

UK's Johnson says 'a good deal' still possible with EU

"A good deal is still there to be done. I look forward to discussing it with Commissioner von der Leyen tonight," he told parliament.

Published 09 Dec, 2020 06:16pm

World

UK-EU strike Northern Ireland pact as Brexit talks near climax

Britain leaves the European single market in just over three weeks, with time running out to find an agreement.

Published 09 Dec, 2020 02:37am

World

EU's Barnier says Brexit talks need patience

"I just met David Frost this morning to prepare the next steps," Barnier said on Tuesday.

Published 08 Dec, 2020 06:34pm

World

Post-Brexit borders to divide EU, UK citizens

Even Britons settled under the Withdrawal Agreement will no longer have automatic rights to a different EU country, and will face national immigration laws if they want to do so.

Published 08 Dec, 2020 11:58am

World

Decision time nears as Brexit talks enter endgame

Barnier and Frost will resume face-to-face talks later on Monday before reporting back to their respective bosses, EU chief Ursula von der Leyen and UK Prime Minister Boris Johnson.

Published 07 Dec, 2020 03:49pm

World

Last month the hottest November on record: EU

With just over 1C of warming so far, Earth is already dealing with the devastation caused by more frequent and stronger extreme weather events such as wildfires and tropical storms.

Published 07 Dec, 2020 12:01pm

EU to consider making good on sanctions threat against Turkey

There are limits even to German patience," said a EU diplomat familiar with the preparations for the summit.

Published 07 Dec, 2020 10:05am

Last-ditch effort to save Brexit trade talks from failure

"We know that 100 percent access to fishing waters in the UK maritime zone is finished," European Affairs minister Clement Beaune told le Journal du Dimanche.

Updated 06 Dec, 2020 06:22pm

World

PM Johnson and EU chief seek to break Brexit impasse

If the two sides fail to reach a deal, the five-year Brexit divorce will end messily just as Britain and Europe grapple with the vast economic cost of the COVID-19 outbreak. *“We keep calm, as always, and if there is still a way, we will see,” EU chief negotiator Michel Barnier told broadcasters in London as he left for Brussels.

Published 05 Dec, 2020 07:59pm

World

EU antitrust regulators order Italy to end tax exemptions for ports

The European Commission, whose decision came after a year-long investigation, said profits earned by port authorities from economic activities must be taxed under normal corporate tax laws.

Published 04 Dec, 2020 06:20pm

Technology

More than 400 lawmakers from 34 countries back 'Make Amazon Pay' campaign

“We urge you to act decisively to change your policies and priorities to do right by your workers, their communities, and our planet,” the letter said.

Published 04 Dec, 2020 04:04pm

Pakistan

Pakistani flights denied by EU once again

In June, the European Union Aviation Safety Agency (EASA) had banned the national flag carrier from flying to European locations over safety concerns. The EASA took the initiative days after PIA grounded several pilots over "dubious qualifications licenses" and in view of the PIA Airbus crash incident on May 22.

Updated 03 Dec, 2020 08:05pm

World

Brexit negotiations restart in person as clock ticks down

EU negotiator Michel Barnier arrived for talks in London on Saturday morning. He said on Friday night that he was “very happy” to be back in the city and would keep working with “patience and determination”.

Published 28 Nov, 2020 03:26pm

World

EU drafts deal to upgrade 2030 climate change target next month

The current 2030 target for EU members, who together make up the European Council, is a 40% cut in emissions from 1990 levels, already higher than the amount pledged by other big emitters such as China and the United States.

Published 25 Nov, 2020 03:47pm

World

EU demands China reverse rules on Hong Kong lawmakers

"These latest steps constitute a further severe blow to political pluralism and freedom of opinion in Hong Kong," the EU statement said.

Published 12 Nov, 2020 06:01pm

World

EU proposes new agency for future health crises

Since the Covid-19 arrived, Europe has suffered at least 311,000 deaths from more than 13 million infections.

Published 11 Nov, 2020 05:37pm

Technology

EU Funds $70.1m Biometric Tech to Send Back African Migrants

The European Union development fund has funded biometric identity systems worth $70.1 million in Senegal and Ivory Coast to identify and send back undocumented citizens residing in Europe.

Updated 11 Nov, 2020 01:31pm

World

European leaders to discuss initiative against Islamist extremism: sources

Austria and France have been hit by deadly attacks in recent weeks, which their leaders have described as “terrorist” acts.

Published 09 Nov, 2020 06:19pm

World

UK, EU resume crunch Brexit talks in London

Britain formally left the bloc in January but remains bound by most of its rules until the end of the year under the terms of its divorce.

Published 09 Nov, 2020 05:52pm

Markets

EU warns no return to pre-crisis economy before 2023

The European Commission said the eurozone economy would expand by just 4.2 percent next year, much lower than the 6.1 percent it predicted in July.

Published 05 Nov, 2020 05:45pm

World

No breakthrough as EU, UK locked in crunch talks

The EU, in parallel to the post-Brexit negotiations, last month launched legal action against Britain over the bill.

Published 03 Nov, 2020 07:16pm

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Jul 1 Dewan Sugar Mills Limited(DWSM)	2.99 ▲ 0.80 (36.53%)
Yousuf Weaving / Jul 1 Yousaf Weaving Mills Limited(YOUW)	5.51 ▲ 0.56 (11.31%)
Ashfaq Textile / Jul 1 Ashfaq Textile Mills Limited(ASHT)	8.90 ▲ 0.90 (11.25%)
Azgard Nine / Jul 1 Azgard Nine Limited(ANL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Jul 1 Tri-Star Power Limited(TSPL)	3.79 ▲ 0.29 (8.29%)
Sanofi-Aventis / Jul 1 Sanofi-Aventis Pakistan Limited(SAPL)	1148.48 ▲ 80.12 (7.50%)
Bolan Casting / Jul 1 Bolan Castings Limited(BCL)	53.55 ▲ 3.73 (7.49%)
K.S.B.Pumps / Jul 1 KSB Pumps Company Limited(KSBP)	142.14 ▲ 9.91 (7.49%)
MithchellsFruit / Jul 1 Mitchells Fruit Farms Limited(MFFL)	91.69 ▲ 6.39 (7.49%)
Allawasaya Tex / Jul 1 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1525.00 ▲ 106.00 (7.47%)

Stock	Price
F.Treet Manuf / Jul 1 First Treet Manufacturing Modaraba(FTMM)	9.78 ▲ -1.00 (-9.28%)
Husein Sug.Convert.Pref. / Jul 1 Husein Sugar Mills Ltd Convertible Preference Shares(HSMCPS)	4.99 ▲ -0.51 (-9.27%)
AEL Textile / Jul 1 AEL Textile Limited(AEL)	12.95 ▲ -1.05 (-7.50%)
Ellcot Spinning / Jul 1 Ellcot Spinning Mills Limited(ELSM)	150.77 ▲ -12.22 (-7.50%)
TPL Insurance / Jul 1 TPL Insurance Limited(TPLI)	31.21 ▲ -2.53 (-7.50%)
Bank Of Khyber / Jul 1 The Bank of Khyber(BOK)	13.92 ▲ -1.08 (-7.20%)
Pak Gen.Ins. / Jul 1 The Pakistan General Insurance Co. Ltd.(PKGI)	10.16 ▲ -0.77 (-7.04%)
Kohinoor Mills / Jul 1 Kohinoor Mills Limited(KML)	25.00 ▲ -1.75 (-6.54%)
Jahangir Sidd(Pref) / Jul 1 Jahangir Sidd(Pref)(JSCLPSA)	7.50 ▲ -0.44 (-5.54%)
Quice Food / Jul 1 Quice Food Industries Limited(QUICE)	3.82 ▲ -0.19 (-4.74%)

Stock	Volume
Agritech Limited / Jul 1 Agritech Limited(AGL)	9,614,500 ▼ 0.00
Yousuf Weaving / Jul 1 Yousaf Weaving Mills Limited(YOUW)	5,016,500 ▼ 0.00
Kohinoor Spining / Jul 1 Kohinoor Spinning Mills Limited(KOSM)	4,705,000 ▼ 0.00
G3 Technologies / Jul 1 G3 Technologies Limited(GTECH)	4,358,000 ▼ 0.00
Azgard Nine / Jul 1 Azgard Nine Limited(ANL)	4,332,500 ▼ 0.00
TPL Properties / Jul 1 TPL Properties Limited(TPLP)	3,891,837 ▼ 0.00
Sui North Gas / Jul 1 Sui Northern Gas Pipelines Limited(SNGP)	2,448,092 ▼ 0.00
WorldCall Telecom / Jul 1 Worldcall Telecom Limited(WTL)	2,072,000 ▼ 0.00
Pak Int.Bulk / Jul 1 Pakistan International Bulk Terminal(PIBTL)	2,010,000 ▼ 0.00
Pak Refinery / Jul 1 Pakistan Refinery Limited(PRL)	1,717,062 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 30	204.90
USD PKR Interbank Buying / Jun 30	204.70
USD to Japanese Yen / Jun 30	135.30
USD to Swiss Franc / Jun 30	0.96
Pound Sterling to USD / Jun 30	1.21
Euro to USD / Jun 30	1.05
UK LIBOR % / Jun 30	1.57

Stock	Volume
S&P 500 / Jun 30	3785.38
India Sensex / Jun 30	53018.94
Tokyo Nikkei / Jun 30	26186.80
Nasdaq / Jun 30	11028.73
Hang Seng / Jun 30	21859.79
FTSE 100 / Jun 30	7169.28
Dow Jones / Jun 30	30775.43
Germany DAX 30 / Jun 30	12783.77
France CAC40 / Jun 30	5922.86

Item	Value
Crude Oil USD/Barrel / Jun 30	106.11
Karachi Cotton PKR/37.32 KG / Jun 30	18180.00
Gold 10 Grams PKR / Jun 30	120000.00
Gold Spot USD/Ounce / Jun 30	1805.60
Cotton US¢/pound / Jun 30	97.14

EU

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