Trends - European Union - Business Recorder

European Union

EU to be tougher in trade talks, include climate change goals in deals

The Commission will also propose on Thursday that the 2015 Paris climate change agreement be an essential part of future trade deals and seek commitments from G20 partners on climate neutrality targets, the Financial Times reported him as saying.

Published 18 Feb, 2021 01:13pm

Business & Finance

More 'Brexit' companies shift to the Netherlands as uncertainty persists

The agency said 78 "Brexit" companies moved to the Netherlands last year, the same number as in 2019 lifting the total since the 2016 Brexit referendum to 218.

Published 18 Feb, 2021 11:47am

Markets

Euronext wheat extends gains on US cold blast

PARIS: Euronext wheat extended a rally on Tuesday to a new two-week peak, supported again by the risk of frost ...

Published 18 Feb, 2021 04:08am

Markets

EU wheat crops not seen suffering big hit from cold spell

PARIS: Severe cold across Europe in the past week is unlikely to have inflicted significant damage on wheat crops...

Published 17 Feb, 2021 04:24am

Pakistan

EU ambassador meets CM Buzdar

The EU was a major trade partner and the government wanted to further strengthen bilateral relations to benefit the people, he added.

Published 16 Feb, 2021 09:31pm

World

EU to launch study programme for COVID-19 variants: von der Leyen

"As of now, and in parallel to the efforts being made on the current vaccines, we have to help industrial companies develop production capacities for second generation vaccines," von der Leyen was quoted as saying.

Published 16 Feb, 2021 01:48pm

China overtakes US as EU’s biggest trading partner

BRUSSELS: China last year overtook the United States as the EU's biggest trading partner, the EU statistics agency...

Updated 16 Feb, 2021 09:31am

World

French Finance Minister: talks ongoing with EU over possible further aid for Air France

Le Maire also told reporters at a briefing that he wanted any future remedies for Air France to be of a sustainable nature for the airline.
Earlier this month, Air France and its pilot unions had protested against EU demands that the airline give up takeoff and landing slots at its Paris base in return for government aid.

Published 15 Feb, 2021 06:37pm

World

Fight against smugglers rages on EU border with Belarus

More than 200 trucks a day cross into European Union member Latvia at the Paternieki border point, some of them stuffed with smuggled cigarettes hidden among other cargo.

Updated 14 Feb, 2021 05:13pm

World

Europe’s airport traffic plummets to 1995 levels

BRUSSEL: Europe’s airport traffic last year tumbled to 1995 levels, data from a regional industry group showed on...

Updated 14 Feb, 2021 09:57am

Markets

FranceAgriMer ups wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the...

Published 14 Feb, 2021 03:49am

Business & Finance

Sterling rises above $1.38

LONDON: The pound rose above $1.38 and was set to end the week up against the dollar and euro, as currency traders...

Published 13 Feb, 2021 04:11am

Markets

FranceAgriMer ups wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the...

Updated 12 Feb, 2021 11:47pm

Markets

EU wheat steadies after one-week low

PARIS: Euronext wheat edged higher on Thursday, recovering from a one-week low as Chicago grain futures steadied...

Updated 12 Feb, 2021 11:47pm

Business & Finance

Sterling consolidates above $1.38

LONDON: Sterling held above the $1.38 mark hit earlier this week on Thursday in relatively quiet currency markets...

Updated 12 Feb, 2021 09:30am

World

France, Germany seek Russia sanctions over Navalny, diplomats say

Sanctions would hit Russian elites, not Nord Stream II.
Paris, Berlin say must respond to Navalny's jailing(.)

Published 11 Feb, 2021 08:43pm

Business & Finance

EU close to vaccine supply deal with Novavax

"Talks with Novavax have intensified and we aim to agree the contract this week or next," one EU official said.
Novavax said negotiations were ongoing. A spokesman for the EU Commission declined to comment on the talks.

Published 11 Feb, 2021 08:29pm

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

Britain to take much bigger GDP hit from Brexit than the EU

Britain left the EU at the end of January last year, but kept its full access to the 27-nation bloc's single market until the end of 2020, when it was replaced by a trade agreement.
For the EU on average, the exit of the UK from the European Union on Free Trade Agreement terms is estimated to generate an output loss of around 0.5% of GDP by the end of 2022, and some 2.25% point for the UK.

Updated 11 Feb, 2021 09:27pm

Pakistan

FM hopes new US administration will stop ignoring ground realities in IIOJK

Qureshi says Pakistan expects Organisation of Islamic Cooperation (OIC) and the European Union (EU) to play their roles on the issue
Pakistan could have cooperated within the region on tackling the Covid-19 pandemic but there are difficulties on regional trade and development because of the Kashmir issue: FM

Published 11 Feb, 2021 02:32pm

Business & Finance

Sterling breaks above $1.38

LONDON: Sterling edged up against the dollar on Wednesday, breaking above $1.38 and touching its highest level in...

Updated 11 Feb, 2021 09:32am

Markets

Steel demand in EU plus UK seen rebounding by 13.3pc in 2021

2020 is likely to be one of the worst years on record, even if we will see positive figures in the fourth quarter.
Apparent consumption is forecast to fall 13% in 2020 before bouncing back this year by 13.3% to 152 million tonnes.

Updated 11 Feb, 2021 12:30am

World

EU Covid deaths top 500,000, worst-hit states improving

Overall in Europe's 52 countries and territories, 34,902,124 cases have been recorded as of Wednesday.

Published 10 Feb, 2021 08:01pm

World

Brexit, COVID cast shadow over UK finance tax contributions, report says

"However, the future is uncertain, and we do not yet know the long-term impacts of the pandemic, Brexit and changes in ways of working," City leader Catherine McGuinness said.

Published 10 Feb, 2021 12:29pm

World

Japan minister: EU approved first shipment of Pfizer COVID-19 vaccine to Japan

"This will enable us to start vaccination of the initial group of medical workers. We will need to fix the schedule for the rest of the medical workers and the elderly as we go forward," Kono told a regular news conference.

Published 09 Feb, 2021 12:45pm

World

Germany, Poland, Sweden expel Russian diplomats in tit-for-tat move

BERLIN: Germany, Sweden and Poland on Monday each threw out a Russian diplomat in retaliation for Moscow’s...

Published 09 Feb, 2021 04:43am

Pakistan

REAP files reasoned statement in opposition to India’s claim on GI tag for Basmati

KARACHI: Rice Exporters Association of Pakistan (REAP) has successfully filed the Reasoned Statement in opposition ...

Updated 09 Feb, 2021 10:12am

World

EU tells Hungary to change procurement, cites ‘systemic’ fraud

The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.
Competition in public procurement is insufficient in practice," said the document, adding that that was linked to "systemic irregularities".

Published 08 Feb, 2021 05:38pm

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 to Hungary: change procurement to bar ‘systemic’ fraud from recovery stimulus

The European Commission is mandated with managing the 750-billion-euro scheme and has already told several EU states their proposals for spending their part of the funds must be improved.
The document called specifically for improved data transparency and accessibility, arguing that that would lead to a fairer and more open procurement process.

Published 08 Feb, 2021 05:14pm

Gainers
Losers
Leaders

Stock	Price
Bilal Fibres / Sep 26 Bilal Fibres Limited(BILF)	2.20 ▲ 0.19 (9.45%)
PICIC Ins.Ltd. / Sep 26 PICIC Insurance Limited(PIL)	0.80 ▲ 0.06 (8.11%)
Pak Hotels / Sep 26 Pakistan Hotels Developers Limited(PHDL)	236.54 ▲ 16.50 (7.50%)
Pak Paper Prod / Sep 26 Pakistan Paper Products Limited(PPP)	54.34 ▲ 3.79 (7.50%)
Agriautos Ind. / Sep 26 Agriauto Industries Limited(AGIL)	69.50 ▲ 4.47 (6.87%)
Kohinoor Mills / Sep 26 Kohinoor Mills Limited(KML)	47.53 ▲ 3.04 (6.83%)
Dewan Cement / Sep 26 Dewan Cement Limited(DCL)	4.25 ▲ 0.26 (6.52%)
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	5.73 ▲ 0.35 (6.51%)
Fauji Foods Ltd / Sep 26 Fauji Foods Limited(FFL)	6.45 ▲ 0.39 (6.44%)
Bolan Casting / Sep 26 Bolan Castings Limited(BCL)	34.41 ▲ 1.85 (5.68%)

Stock	Price
Punjab Mod / Sep 26 First Punjab Modaraba(FPJM)	1.21 ▼ -0.19 (-13.57%)
Premier Insurance / Sep 26 Premier Insurance Limited(PINL)	5.36 ▼ -0.79 (-12.85%)
First Fid. Leasing / Sep 26 First Fidelity Leasing Modaraba(FFLM)	2.80 ▼ -0.20 (-6.67%)
Burshane LPG / Sep 26 Burshane LPG (Pakistan) Limited(BPL)	14.51 ▼ -0.99 (-6.39%)
Pak Synthetics / Sep 26 Pakistan Synthetics Limited(PSYL)	25 ▼ -1.70 (-6.37%)
AKD Hospitality / Sep 26 AKD Hospitality Limited(AKDHL)	125 ▼ -6.50 (-4.94%)
Bannu Woollen / Sep 26 Bannu Woollen Mills Limited(BNWM)	19.40 ▼ -1.00 (-4.90%)
Hala Enterprise / Sep 26 Hala Enterprises Limited(HAEL)	6.70 ▼ -0.30 (-4.29%)
Agha Steel Ind. / Sep 26 Agha Steel Ind.Ltd(AGHA)	10.07 ▼ -0.38 (-3.64%)
Shezan Inter. / Sep 26 Shezan International Limited(SHEZ)	100.20 ▼ -3.79 (-3.64%)

Stock	Volume
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	29,654,500 ▲ 0.35
Pak Elektron / Sep 26 Pak Elektron Limited(PAEL)	20,636,559 ▼ -0.22
WorldCall Telecom / Sep 26 Worldcall Telecom Limited(WTL)	8,986,644 ▲ 0.01
Fauji Foods Ltd / Sep 26 Fauji Foods Limited(FFL)	8,498,933 ▲ 0.39
Unity Foods Ltd / Sep 26 Unity Foods Limited(UNITY)	5,817,127 ▼ -0.06
Nishat ChunPow / Sep 26 Nishat Chunian Power Limited(NCPL)	5,515,000 ▼ -0.23
Hascol Petrol / Sep 26 Hascol Petroleum Limited(HASCOL)	5,371,000 ▲ 0.21
Kohinoor Spining / Sep 26 Kohinoor Spinning Mills Limited(KOSM)	5,323,500 ▲ 0.01
Waves Corporation / Sep 26 Waves Corporation Limited(WAVES)	4,921,500 ▼ -0.07
Thatta Cement / Sep 26 Thatta Cement Company Limited(THCCL)	4,528,000 ▲ 0.58

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 25	291.05
USD PKR Interbank Buying / Sep 25	290.85
USD to Japanese Yen / Sep 25	148.90
USD to Swiss Franc / Sep 25	0.91
Pound Sterling to USD / Sep 25	1.22
Euro to USD / Sep 25	1.06
UK LIBOR % / Sep 22	5.43

Stock	Volume
S&P 500 / Sep 25	4337.44
India Sensex / Sep 25	66023.69
Tokyo Nikkei / Sep 25	32423.77
Nasdaq / Sep 25	13271.32
Hang Seng / Sep 25	17655.71
FTSE 100 / Sep 25	7623.99
Dow Jones / Sep 25	34006.88
Germany DAX 30 / Sep 25	15405.49
France CAC40 / Sep 25	7123.88

Item	Value
Crude Oil USD/Barrel / Sep 25	89.64
Karachi Cotton PKR/37.32 KG / Sep 25	18435
Gold 10 Grams PKR / Sep 25	184159.50
Gold Spot USD/Ounce / Sep 25	1914.53
Cotton US¢/pound / Sep 25	87.61

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