Trends - Europe - Business Recorder

Europe

BMW sales fall 8.4% in 2020 as coronavirus takes toll

"We succeeded in concluding the year with a strong fourth quarter and once again we lead the premium segment worldwide," BMW board member Pieter Nota said in a statement.

Published 12 Jan, 2021 02:37pm

Business & Finance

Renault says sales fell 21% in 2020, but turnaround on track

Like its Japanese alliance partner Nissan, Renault is rowing back on an aggressive expansion plan pursued by Carlos Ghosn, its former boss-turned-fugitive.

Published 12 Jan, 2021 02:32pm

Business & Finance

Euro zone bond yields rise on US reflation trade

Italy's benchmark 10-year bond yield was up 2 basis points at 0.563%. Outperforming Portuguese and Spanish yields were up 1.5 to 2 basis points.

Published 12 Jan, 2021 02:22pm

World

Covid-19: Twelve key milestones

On December 31, 2019, the World Health Organization (WHO) is alerted to a cluster of pneumonia cases "of unknown cause" in the central Chinese city of Wuhan.

Published 10 Jan, 2021 11:27am

World

Bleak start to new year for Britain as it enters third lockdown

Britain began its third COVID-19 lockdown on Tuesday with the government calling for one last major national effort to defeat the spread of a virus that has infected an estimated one in 50 citizens before mass vaccinations turn the tide.
Britain has been among the countries worst-hit by COVID-19, with the second highest death toll in Europe and an economy that suffered the sharpest contraction of any in the Group of Seven during the first wave of infections last spring.

Published 06 Jan, 2021 10:01am

Business & Finance

Peugeot, Fiat merger to be sealed by shareholders

The 50/50 tie-up, which was delayed by the Covid-19 pandemic, is seen as crucial for the two groups to undertake the investment needed to transition to clean car technology.

Published 04 Jan, 2021 11:30am

Business & Finance

Electric vehicle maker Tesla to deliver China-made Model Y SUVs this month

It is also adding manufacturing capacity for EV chargers in Shanghai and expanding its sales and service network around the country. It sold over 20,000 vehicles in November.

Published 01 Jan, 2021 12:49pm

World

New Year, new rules: UK begins post-Brexit future

Brexit, which has dominated politics on both sides of the Channel since 2016, became reality an hour before midnight, ending the UK's 48-year obligation to follow Brussels' rules.

Published 01 Jan, 2021 11:22am

World

What's in the UK, EU post-Brexit trade pact

Brussels says "security cooperation can be suspended in case of violations by the UK of its commitment for continued adherence to the European Convention of Human Rights".

Published 31 Dec, 2020 08:57am

World

Peruvian lawmakers approve new farming reform law

Peru is the world's leading exporter of blueberries, but also ships fresh grapes and avocados to China, the United States and Europe.

Published 30 Dec, 2020 10:31am

Markets

Oil gains on hopes US pandemic stimulus payments to spur fuel demand

The group is set to boost output by 500,000 barrels per day (bpd) in January and Russia supports another increase of the same amount in February.

Published 29 Dec, 2020 09:45am

Markets

London copper edges up on US stimulus paychecks optimism

Three-month copper on the London Metal Exchange rose 1.4% to $7,898.50 a tonne by 0239 GMT, while the most-traded February copper contract on the Shanghai Futures Exchange was almost flat at 58,720 yuan ($8,991.65) a tonne.

Published 29 Dec, 2020 09:17am

World

Europe rolls out 'new weapon' vaccines in bid to slay COVID

But even then, Hungary on Saturday jumped the gun on the official roll-out by administering shots to frontline workers at hospitals in the capital Budapest.

Published 28 Dec, 2020 10:12am

World

EU starts to ease bans over UK virus strain; WHO to meet

The major British transit hub said it would reopen from midnight local time (2300 GMT) for travellers with a negative result.

Published 23 Dec, 2020 11:13am

World

Britain and France ease transport ban

French nationals, EU nationals or French residents who need to complete essential travel will be allowed to cross the border.

Published 23 Dec, 2020 08:56am

World

WHO Europe to convene members over new virus variant

According to the WHO there is currently "no evidence to indicate any change in disease severity."

Published 22 Dec, 2020 06:17pm

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

Markets

Hong Kong stocks slip in morning

The Hang Seng Index eased 0.21 percent, or 54.41 points, to 26,444.19.

Published 21 Dec, 2020 11:34am

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

World

WHO Europe urges stronger action to contain new virus strain

It said it had "no evidence to indicate any change in disease severity, but this is also under investigation."

Published 20 Dec, 2020 07:51pm

Business & Finance

US, EU deal on aircraft subsidies should include China clause

European diplomats said the sides remained at odds, but expected to eventually reach an agreement with Lighthizer or possibly his successor.

Published 17 Dec, 2020 11:13am

Markets

European shares rise on vaccine, Brexit hopes

The pan-European STOXX 600 index rose 0.5%, with eyes on flash PMIs for December due in the morning session. Expectations are for a slight improvement in business activity over the previous month.

Published 16 Dec, 2020 01:10pm

US flies two B-52s over Gulf in message for Iran

Since then Iran has been expected to try to retaliate, and even more so since the assassination inside Iran of senior nuclear scientist Mohsen Fakhrizadeh last month, which Tehran blames on Israel.

Published 11 Dec, 2020 09:21am

Business & Finance

Norwegian Air seeks additional creditor protection in Norway court

"Our aim is to secure jobs in the company and to contribute to securing critical infrastructure and value creation in Norway," he said.

Published 08 Dec, 2020 12:17pm

World

UK's Johnson ready to pull out of Brexit talks, The Sun says

“Today he will tell the EU he is not for turning as he vows to stand firm against 11th-hour Brexit demands from France,” says British publication.

Published 07 Dec, 2020 06:43pm

World

US vote result won't impact trade with Europe, France says

Le Maire added that he would push ahead for a global "digital tax" for technology multinationals despite resistance from Washington, which in June pulled out of talks aimed at securing an accord.

Published 04 Nov, 2020 05:47pm

World

France, Germany head to lock down as virus surges in Europe

Chancellor Angela Merkel has ordered a lighter round of shutdowns from Monday, November 2, until the end of the month.

Published 29 Oct, 2020 05:59pm

Business & Finance

Bangladesh garment workers pray for orders as pandemic shreds exports

But many workers are struggling without overtime pay, which often accounts for 20% of their monthly income.

Published 20 Oct, 2020 11:21pm

World

Two million deaths possible from COVID-19 even with a vaccine, warns WHO

COVID-19 cases are rising again in many parts of the world

Published 28 Sep, 2020 10:57am

PIA decides to not appeal EU flight ban

In June, EASA had banned the national flag carrier from flying to European locations over safety concerns

Published 04 Sep, 2020 07:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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