Trends - European Union - Business Recorder

European Union

2023 to be hottest year on record after ‘extraordinary’ November

PARIS: This year will be the hottest in recorded history after an “extraordinary” November became the sixth...

Published 06 Dec, 2023 12:52pm

World

EU seeks agreement on world’s first AI law

BRUSSELS: The European Union will seek to thrash out an agreement on sweeping rules to regulate artificial...

Published 06 Dec, 2023 12:47pm

Markets

Palm oil trades lowest since Nov 1 on weak rival oils

JAKARTA: Malaysian palm oil futures fell for a fourth session on Wednesday to hit their lowest since Nov. 1,...

Published 06 Dec, 2023 11:42am

World

Ukraine’s Zelensky to join G7 leaders video summit Wednesday: Japan

TOKYO: Ukrainian President Volodymyr Zelensky will join a video summit later Wednesday with the leaders of the G7,...

Published 06 Dec, 2023 10:42am

World

Ukraine sees ‘big risk’ of losing war if US Congress postpones vital aid

WASHINGTON: Ukrainian President Volodymyr Zelenskiy’s chief of staff said on Tuesday that the postponement of US...

Published 05 Dec, 2023 11:00pm

World

EU chief warns China on trade gap ahead of summit

BRUSSELS: European Union member states won’t tolerate their growing trade imbalance with China forever, EU chief...

Published 05 Dec, 2023 05:28pm

World

China says visa-free travel policy has boosted tourism

BEIJING: China’s foreign ministry said on Tuesday its visa-free travel policy has produced a clear effect, making...

Published 05 Dec, 2023 01:57pm

Business & Finance

EU laws protect Polish central bank chief, ECB’s Lagarde says

FRANKFURT: European Union laws offer protection to the Polish central bank governor if the incoming government...

Published 04 Dec, 2023 07:43pm

Technology

Spanish media file 550mn euro lawsuit against Meta

MADRID: A group representing over 80 Spanish media outlets on Monday filed a 550-million-euro ($600 million) lawsuit...

Published 04 Dec, 2023 04:30pm

Markets

EU imports of Ukrainian sugar grew tenfold in 2022/23

PARIS: Imports of Ukrainian sugar into the European Union grew tenfold last season and extended their rise at the...

Published 03 Dec, 2023 02:59am

Markets

Russian Urals crude drops to average $72.84/bbl in Nov, above Western price cap

MOSCOW: Russia’s flagship Urals crude oil blend traded at $72.84 per barrel on average in November, down from $81.52...

Published 01 Dec, 2023 05:57pm

Business & Finance

GSP Plus termed ‘a template for mutually beneficial economic cooperation’

ISLAMABAD: Caretaker Foreign Minister Jalil Abbas Jilani has termed the GSP Plus as a template for mutually...

Published 30 Nov, 2023 04:53am

World

France opens door to EU talks on Israeli settler sanctions

PARIS: France said on Wednesday that the European Union should consider sanctions on Israeli settlers who have...

Published 29 Nov, 2023 11:34pm

World

EU agreement on reducing industrial emissions

BRUSSELS: EU member countries and the European Parliament said Wednesday they have reached a preliminary agreement...

Published 29 Nov, 2023 01:12pm

Technology

Second-hand shopping a $1-bln-plus business for Amazon in Europe

LONDON: Consumer demand for refurbished and pre-owned goods in Britain and across Europe has created a billion pound...

Published 29 Nov, 2023 10:45am

Technology

Meta Platforms’ paid ad-free service targeted in Austrian privacy complaint

BRUSSELS: Meta Platforms’ paid no-ads subscription service launched in Europe this month faced one of its biggest...

Published 28 Nov, 2023 12:13pm

World

Finland will close last Russian border crossing if necessary: PM

HELSINKI: Finland is ready to close its last border crossing with Russia if Moscow keeps pushing migrants across,...

Published 28 Nov, 2023 04:57am

World

Arab states, EU agree on need for two-state solution to Israel crisis

BARCELONA: Arab states and the European Union agreed at a meeting in Spain on Monday that a two-state solution was...

Published 27 Nov, 2023 11:09pm

World

Qatar, Egypt, US, EU, Spain trying to extend Israel-Hamas truce: Palestinian Authority

BARCELONA: Qatar, Egypt, the United States, the European Union and Spain are working to extend the temporary...

Published 27 Nov, 2023 05:03pm

World

Dutch far-right win spells trouble for Brussels

BRUSSELS: The shock victory of Geert Wilders’ far-right eurosceptic party in Dutch elections sent a political...

Published 24 Nov, 2023 05:29am

Opinion

Managing public investment the mission-oriented way

Two renowned intellectuals – Greece’s former finance minister Yanis Varoufakis, and columnist for Guardian ...

Updated 24 Nov, 2023 06:37am

World

EU executive approves 900mn euros in funds for Hungary

BRUSSELS: The European Union executive on Thursday approved 900 million euros ($1 billion) in advance payments under...

Published 23 Nov, 2023 04:52pm

World

Turkiye sought Eurofighters after uncertainty over US F-16 buy: source

ANKARA: Turkiye began discussing buying 40 Eurofighter Typhoon jets with European states after it saw that its...

Published 23 Nov, 2023 04:46pm

World

EU says no Palestinian aid going to Hamas, programmes to continue

BRUSSELS: The European Union said on Tuesday a review of its development aid to Palestinians, ordered after the Oct....

Published 22 Nov, 2023 12:11am

World

Ukraine says hopes for December decision on EU talks

KYIV: Ukrainian President Volodymyr Zelensky said Tuesday he hoped European Union leaders would agree to open...

Published 21 Nov, 2023 11:12pm

World

EU faces growing Muslim animosity over Gaza war stance: Borrell

BRUSSELS: The European Union faces growing animosity across the Muslim world and beyond due to accusations of...

Published 21 Nov, 2023 06:54pm

World

Only Palestinian Authority can run post-war Gaza: EU’s Borrell

MANAMA: Only the Palestinian Authority can run Gaza after the Israel-Hamas war is over, European Union foreign...

Published 18 Nov, 2023 02:00pm

World

EU agrees law to hit fossil fuel imports with methane emissions limit

The European Union reached a deal early Wednesday on a law to place methane emissions limits on Europe’s oil and gas...

Published 15 Nov, 2023 11:31am

World

EU plan for new Russia sanctions to go to members this week: Borrell

BRUSSELS: European Union officials are finalising the “last details” of a proposed 12th package of sanctions on...

Published 13 Nov, 2023 10:45pm

World

EU shifts to digital visas for Schengen area

BRUSSELS: People applying for visas to visit Europe’s Schengen area will soon do so via an online platform, under a...

Published 13 Nov, 2023 08:38pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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