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European Commission

EU bets on data to prepare for climate change impacts

As European Union countries attempt to eliminate their net greenhouse gas emissions by 2050, they will still face decades of climate-related impacts, locked in from previous years' emissions.
If we step up work on adaptation today, we can make the EU and the planet much better prepared for the unavoidable changes we will face tomorrow.

Published 24 Feb, 2021 07:08pm

World

Six EU countries warned over border restrictions

EU leaders are to discuss the virus situation in the bloc on Thursday and Friday, during a videolink summit.

Published 23 Feb, 2021 08:28pm

World

EU moves to allow continued data flows to Britain after Brexit

Ensuring free and safe flow of personal data is crucial for businesses and citizens on both sides of the Channel. The UK has left the EU, but not the European privacy family.
This should be completed before the end of June, when an interim arrangement for data flows after Brexit ends.

Published 19 Feb, 2021 07:48pm

World

EU steps up fight against COVID variants pledging more funds

More contagious mutations are spreading fast across the world, and experts believe a British variant is likely to become prevalent on the European continent.
Brussels also pledged to accelerate regulatory approvals of upgraded vaccines that work against variants and to help ramp up vaccine production.

Published 17 Feb, 2021 06:31pm

Business & Finance

US Treasury's Yellen discusses boosting cooperation in call with EU executive

Yellen committed to re-engaging in discussions on international taxation to forge a timely international accord, and to seek solutions to key bilateral trade issues, it said.

Published 17 Feb, 2021 02:44pm

Markets

EU imports soyabean, rapeseed

PARIS: European Union soyabean imports in the 2020/21 season that started last July had reached 9.17 million tonnes...

Published 17 Feb, 2021 04:24am

Business & Finance

Ryanair's fight against airline state aid faces court rulings

In its first judgments on those rules, the Luxembourg-based General Court will assess a French scheme allowing airlines to defer certain aeronautical taxes.
Ryanair in its filings to the court faulted EU competition enforcers by allowing EU countries to grant aid only to airlines with EU operating licences issued by their countries.

Published 16 Feb, 2021 05:30pm

World

First COVID-19 vaccines arrive in Japan from Pfizer

Japan has so far recorded about 410,000 coronavirus cases and 6,772 deaths, and is racing to get infections under control especially ahead of the Tokyo Olympic Games starting in July.

Published 12 Feb, 2021 10:13am

World

EU considers power import restrictions over Belarus nuclear safety fears

Belarus's Astravets nuclear power plant is located 50km away from Vilnius in Lithuania, where the government.
The 2.4GW facility was built by Russia's state-owned Rosatom and financed mostly by Moscow.

Published 11 Feb, 2021 07:58pm

World

EU executive proposes speeding up deportations, internal document says

The Commission could also potentially fine EU governments that do not meet proposed new deportation rules.
"The Commission will pursue a better-functioning common EU system of returns," said the document, dated Feb. 10, using EU terminology for deportations.

Published 10 Feb, 2021 05:47pm

World

EU finalises second deal with Pfizer for 300mn vaccine doses

The EU's executive has been heavily criticised over the last few weeks after vaccines suppliers, including Pfizer.

Published 09 Feb, 2021 12:15am

World

UK's Gove scolds EU for putting 'integrationist theology' above peace in N.Ireland

If people put a particular type of integrationist theology ahead of the interests of the people of Northern Ireland they are not serving the cause of peace and progress in Northern Ireland - and that is my pricipal and overriding concern,

Published 08 Feb, 2021 09:17pm

World

EU to host international Syria conference in March

The United Nations is seeking humanitarian funding for the next few years to help the more than 11 million Syrians in need of emergency assistance after nearly a decade of war.

Published 08 Feb, 2021 05:32pm

World

EU sustainable finance rules delayed by gas and biofuel backlash

Rubber stamp of climate-friendly activities delayed.
Follows pushback from mostly-eastern European countries.
Gas, biofuels sectors that are most disputed.

Published 05 Feb, 2021 08:33pm

World

Vaccine storm engulfs EU chief von der Leyen

Several European diplomats in Brussels said the commission president's widely reported tendency to rely on a small number of trusted aides had let her down in such a complex crisis.

Published 03 Feb, 2021 09:50am

World

Northern Ireland halts post-Brexit checks over staff safety

DUBLIN/BRUSSELS: Border inspections at two Northern Irish ports were suspended on Tuesday, after staff were...

Published 03 Feb, 2021 04:35am

World

Malaysia says its delivery of Pfizer vaccines on track

The Pfizer vaccine is produced in Belgium and the European Commission said on Friday it had agreed a plan to control exports of vaccines from the European Union, including to Britain.
With the assurances of both the EU and Belgian Ambassadors, the COVID-19 immunisation plan is expected to proceed according to plan.

Published 02 Feb, 2021 06:25pm

World

Vaccine shortfall forces EU to modify jabs strategy

Gallina added that the Commission was now looking to the vaccines made by BioNTech/Pfizer and Johnson & Johnson to fill the gap.

Published 02 Feb, 2021 05:54pm

World

EU aims to boost vaccination rollout as variants spread

Chemicals giant Bayer, meanwhile, announced that from 2022 it would produce a coronavirus vaccine that fellow German pharmaceuticals company CureVac is developing.

Published 02 Feb, 2021 11:04am

$15.7bn Apple tax judgment: EU claims court errors in bid to overturn

BRUSSELS: EU antitrust enforcers have claimed a court made legal errors when it scrapped their order for iPhone ...

Published 02 Feb, 2021 04:29am

Markets

EU 2020/21 soft wheat exports 14.99 million tonnes by Jan. 31

The change reflects Britain's departure from the EU's customs union at the end of December, following its formal exit from the bloc in early 2020.

Published 02 Feb, 2021 01:10am

World

EU claims court errors in bid to overturn $15.7 billion Apple tax judgment

The stakes are high for the European Commission in its crackdown against what it sees as aggressive tax planning by multinationals.
The Commission is appealing to the Luxembourg-based Court of Justice of the European Union following a ruling last year by the General Court,

Updated 01 Feb, 2021 09:57pm

Business & Finance

EU repeats Pfizer/BioNTech to deliver 75mn extra vaccine doses in Q2

BioNTech/Pfizer will deliver 75 million of additional doses in the second quarter of the year - and up to 600 millions in total in 2021.
BioNTech and Pfizer this month raised their supply goal for this year to 2 billion doses, up from a previous aim of 1.3 billion.

Published 01 Feb, 2021 06:36pm

Business & Finance

EU says discussions will continue with AstraZeneca to get more vaccines in Q1

The Commission president Ursula von der Leyen said AstraZeneca had raised its target of supplies to the EU to 40 million doses from 31 million until the end of March, after a large cut last week.
Its original commitment was of at least 80 million doses, and possibly up to 120 million in the first quarter.

Published 01 Feb, 2021 06:19pm

World

Ireland says given no forewarning about triggering of Brexit clause

This type of provision is standard in trade agreements but in the Northern Ireland situation.
Clearly a mistake was made," Byrne said. "It's too early for me to say (how it happened) ...

Published 30 Jan, 2021 05:26pm

World

EU agrees vaccine export controls plan until end-March

EU trade commissioner Valdis Dombrovskis told a news conference the export controls were "time limited and specifically applied to those COVID-19 vaccines that were agreed by advanced purchase agreements.

Published 29 Jan, 2021 08:13pm

World

EU relaxes state aid rules

BRUSSELS: The EU on Thursday extended until the end of this year the easing of European state aid rules and gave...

Published 29 Jan, 2021 04:55am

Business & Finance

EU set to require authorisation for vaccine exports

The Commission, which has coordinated the orders, said on Tuesday it would propose that pharmaceutical firms be required to register their vaccine exports.
The decision will be taken tomorrow to start implementing this mechanism.

Published 28 Jan, 2021 09:17pm

Business & Finance

Pfizer to continue vaccine supply to Italy even if Rome files lawsuit

We do not intend to speculate on this, but we will continue to supply the vaccine as envisaged by the agreements with the European Commission.
Kerkola added that the group's supply of vaccines to Italy would be back to being "regular" from this week.

Published 28 Jan, 2021 06:27pm

World

Italy asks EU to take action against Pfizer over COVID-19 vaccine delays

Pfizer has said it will make up for the drop in deliveries with manufacturing changes that will boost output.

Published 26 Jan, 2021 11:44pm

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	156.17
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 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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