Trends - United States - Business Recorder

United States

Press, health and education remain in state control under Cuba reforms

In addition, Cuba will maintain its control of cinematographic and audiovisual production, TV programs, cultural programming in general and real estate activity.

Published 11 Feb, 2021 11:16am

World

Washington state's proposed wealth tax would cost Bezos $2 billion a year: report

Washington state’s proposed wealth tax would cost Amazon CEO Jeff Bezos $2 billion per year, CNBC reported on Monday.
State legislators in Washington proposed a bill that would institute a 1 percent tax on wealth more than $1 billion.

Updated 09 Feb, 2021 06:30pm

Business & Finance

Honda Q3 net profit jumps, full-year outlook upgraded

The profit gain was mainly down to "increased efficiency of R&D expenditures and cost reduction efforts", Honda said.

Published 09 Feb, 2021 01:17pm

Technology

Amazon workers begin voting in landmark US union push

Amazon has argued, however, that it pays its employees more than double the minimum wage in Alabama.

Published 09 Feb, 2021 01:13pm

World

White House says it aims to strengthen ties with Brazil, but will speak out on concerns

The Trump administration had sought to boost ties with Brazil, the largest economy in Latin America, and provide a counterweight to China, which has become Brazil's largest trading partner.

Published 09 Feb, 2021 12:51pm

Technology

Huawei CEO hopes for 'open policy' from Biden administration

With China's huge domestic market, Huawei will likely survive but not without major changes, said Nicole Peng, analyst with Canalys.

Published 09 Feb, 2021 09:51am

World

President Biden will not lift sanctions on Iran to bring them to the negotiating table

President Joe Biden has stated that the United States will not lift economic sanctions on Iran, in order to bring Tehran back to the negotiating table for the revival of the Iran Nuclear Deal.
While Biden has said that he will seek to revive the deal, he insisted that Iran must first reverse its uranium enrichment, creating a tight contest between the two nations.

Updated 08 Feb, 2021 11:41am

World

Iran must stop enriching uranium beyond nuclear deal's limits - U.S. official

U.S. President Joe Biden meant to convey that Iran needs to stop enriching uranium beyond the limits permitted under the Iran nuclear deal in a television interview broadcast on Sunday, a senior Biden administration official said.

Published 08 Feb, 2021 09:39am

World

Biden to raise current U.S. refugee cap from historic lows

U.S. President Joe Biden plans to raise the refugee cap for the current fiscal year to 62,500, a sharp increase from the 15,000 set by former President Donald Trump, two people familiar with the move told Reuters on Friday.
The allocations will create spots for 22,000 refugees from Africa, 6,000 from East Asia, 4,000 from Europe and Central Asia, 5,000 from Latin America and the Caribbean, and 13,000 from South Asia.

Published 06 Feb, 2021 07:12pm

World

U.S. to drop Houthi terrorist designation due to Yemen crisis

The United States intends to revoke the Houthi movement’s terrorist designation in response to Yemen’s humanitarian crisis, reversing one of the Trump administration’s most criticised last-minute decisions.
The move, confirmed by a State Department official on Friday, came a day after President Joe Biden declared a halt to U.S. support for the Saudi Arabia-led military campaign in Yemen, which is widely seen as a proxy conflict between Saudi Arabia and Iran.

Updated 06 Feb, 2021 07:04pm

World

U.S. should delay complete troop pullout in Afghanistan - according to Congressional report

The United States should extend the May 1 deadline for pulling all its troops from Afghanistan, and make force cuts contingent on progress in peace talks as well as by the Taliban in reducing violence and containing al Qaeda, a bipartisan report to Congress said on Wednesday.

Updated 04 Feb, 2021 06:00pm

World

UN chief vows to rally global pressure to make sure Myanmar coup fails

Guterres said all those detained by the military during the coup must be released and constitutional order restored.

Published 04 Feb, 2021 12:11pm

World

Vaccination sites opening in hard-hit California communities to tackle COVID disparities

"These (FEMA) sites in California are just the beginning," Zients told reporters. "We are working with, in partnership in states across the country, to stand up new sites."

Published 04 Feb, 2021 12:01pm

Business & Finance

Reliance's unit to sell Marcellus shale assets for $250mn

In 2017 Reliance sold a shale oil and gas block in the Marcellus shale in northeastern and central Pennsylvania for $126 million.

Published 04 Feb, 2021 10:31am

World

U.S. 'deeply disturbed' by reports of systematic rape of Muslims in China camps

The spokeswoman reiterated U.S. charges that China has committed “crimes against humanity and genocide” in Xinjiang and added: “These atrocities shock the conscience and must be met with serious consequences.”

Published 04 Feb, 2021 10:27am

Markets

Trade to be part of Biden's China strategy, not driving force: ex-USTR official

It also has a structure for engagement where issues between members can be addressed, she added.

Published 03 Feb, 2021 11:16am

Business & Finance

Days before coup, IMF sent Myanmar $350mn in emergency aid; no precedent for refund

The IMF's counterparty in Myanmar is the Central Bank of Myanmar, and the source expressed hope it can maintain its independence from the country's finance ministry.

Published 03 Feb, 2021 10:33am

World

US says too early to accept Iran proposal on reviving nuclear deal

The Biden administration said it broadly shares worries about Iran, and said Tuesday it was "concerned" about the clerical regime's latest launch of a satellite-carrying rocket.

Published 03 Feb, 2021 09:41am

World

Enemy attacks on civilians, Afghan forces "much higher" than last year: Report

According to a report by the Special Investigator General for Afghanistan Reconstruction (SIGAR), the frequency of enemy attacks in Kabul was significantly higher than in the same quarter last year.
The quarterly report articulated that "recent heavy fighting between American, Afghan and Taliban forces in the Helmand and Kandahar Provinces has forced thousands of Afghan civilians to flee their homes", as the peace negotiations continue to stall.

Updated 02 Feb, 2021 03:24pm

World

Pentagon awards $30mn in rare earths funding to Australia's Lynas

Both facilities are planned for Hondo, Texas, about 45 miles (72 km) west of San Antonio.

Published 02 Feb, 2021 10:36am

World

Iran's Zarif hints at way to bridge nuclear deal impasse

After abandoning the deal, Trump reimposed US sanctions and imposed new US economic penalties on Iran.

Published 02 Feb, 2021 10:31am

World

Top US diplomat Blinken calls on Myanmar military leaders to release Suu Kyi, others

Blinken said the United States expressed "grave concern and alarm" over reports of the detention of government officials and civil society leaders.

Published 01 Feb, 2021 11:59am

World

Kushner, Berkowitz nominated for Nobel peace prize for Israel deals

In a statement, Kushner said he was honored to be nominated for the prize, which will be awarded in October.

Published 01 Feb, 2021 11:21am

World

United States warns Myanmar over reports of arrest of leader

"The United States opposes any attempt to alter the outcome of recent elections or impede Myanmar's democratic transition, and will take action against those responsible if these steps are not reversed," White House spokeswoman Jen Psaki said in a statement, adding that President Joe Biden has been briefed on the situation.

Published 01 Feb, 2021 09:10am

Pakistan

Osama Bin Laden supported, funded Nawaz Sharif, reveals Abida Hussain

Osama used to extend financial assistance to Nawaz Sharif, says former envoy
Abida says intelligence agencies used to spy on her in the US, but she was not involved in any suspicious activity which could be used against her by the intel officials
As the nuclear programme was under the purview of the president, most of my conversation used to be with Ishaq Khan and not the prime minister (Nawaz): Abida

Updated 31 Jan, 2021 02:12pm

Pakistan

Family of journalist Pearl to appeal against freeing of men convicted of his murder

A panel of three judges threw out the 2002 murder convictions against Omar Sheikh and others
Kidnapping convictions were left in place, but the men were ordered freed as they had already served out sentences for the kidnapping charges

Published 31 Jan, 2021 10:33am

Pakistan

Daniel Pearl murder: Sindh govt files review petition in SC against acquittal of Omar Sheikh

Prosecutor General states in petition that the top court’s order to release Ahmed Omar Sheikh has sparked global outrage and demanded the Pakistani government review its legal options
The petition also requested for an early hearing of the matter

Published 29 Jan, 2021 02:19pm

World

IPRI hosts a webinar on Social Media in the Times of War and Peace

The Islamabad Policy Research Institute held a webinar on "Social Media in the Times of War and Peace" on the 27th of January, featuring a prestigious panel comprising of cyber-security, defense and diplomatic experts.
The panel featured James P. Farwell, expert in information warfare and former advisor to the U.S. Department of Defense, and Emerson T. Brookings, Resident Senior Fellow of Digital Forensic Research Lab at the Atlantic Council.

Updated 29 Jan, 2021 11:09am

World

UN chief calls for US, Iran to work towards nuclear solution

"There's a lot of work to be done," but "I don't expect an immediate solution," Guterres said during a press conference when asked about the possibility of mediating a way out of the impasse.

Published 29 Jan, 2021 10:09am

World

Former Obama aide Malley named Biden's top envoy on Iran: official

President Joe Biden has named Robert Malley as special U.S. envoy for Iran, a senior official said on Thursday, giving the veteran diplomat a leading role in one of most daunting and politically divisive foreign policy challenges facing the new administration.
Malley was a key member of former President Barack Obama’s team that negotiated the 2015 nuclear accord with Iran and world powers.

Published 29 Jan, 2021 10:00am

Gainers
Losers
Leaders

Stock	Price
JS Bank Ltd / Jun 2 JS Bank Limited(JSBL)	4.39 ▲ 0.31 (7.60%)
Cres.Star Ins. / Jun 2 Crescent Star Insurance Limited(CSIL)	1.43 ▲ 0.10 (7.52%)
AL-Noor Sugar / Jun 2 Al-Noor Sugar Mills Limited(ALNRS)	48.99 ▲ 3.42 (7.50%)
Bestway Cement / Jun 2 Bestway Cement Limited(BWCL)	151.58 ▲ 10.58 (7.50%)
Gatron Ind. / Jun 2 Gatron (Industries) Limited(GATI)	470.69 ▲ 32.84 (7.50%)
Pak Synthetics / Jun 2 Pakistan Synthetics Limited(PSYL)	48.45 ▲ 3.38 (7.50%)
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	4.16 ▲ 0.24 (6.12%)
Exide (PAK) / Jun 2 Exide Pakistan Limited(EXIDE)	256.15 ▲ 13.15 (5.41%)
Mod.Al-Mali / Jun 2 Modaraba Al-Mali(MODAM)	4.10 ▲ 0.19 (4.86%)
United BankXD / Jun 2 United Bank Limited(UBL)	119.86 ▲ 5.06 (4.41%)

Stock	Price
Khyber Textile / Jun 2 Khyber Textile Mills Limited(KHYT)	582.75 ▼ -47.25 (-7.50%)
Pervez Ahmed Co / Jun 2 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.61 ▼ -0.04 (-6.15%)
AKD Securities / Jun 2 AKD Securities Limited(AKDSL)	20.51 ▼ -1.16 (-5.35%)
Tri-Star Power / Jun 2 Tri-Star Power Limited(TSPL)	10.55 ▼ -0.52 (-4.70%)
Sitara Peroxide / Jun 2 Sitara Peroxide Limited(SPL)	11.23 ▼ -0.46 (-3.93%)
Dewan Farooque Sp. / Jun 2 Dewan Farooque Spinning Mills Limited(DFSM)	2.50 ▼ -0.10 (-3.85%)
Jubile Life InsXD / Jun 2 Jubilee Life Insurance Company Limited(JLICL)	107.10 ▼ -3.89 (-3.50%)
Kohinoor Ind. / Jun 2 Kohinoor Industries Limited(KOIL)	7.25 ▼ -0.25 (-3.33%)
Reliance Ins. / Jun 2 Reliance Insurance Company Limited(RICL)	7.75 ▼ -0.25 (-3.12%)
Dandot Cement / Jun 2 Dandot Cement Company Limited(DNCC)	9.20 ▼ -0.29 (-3.06%)

Stock	Volume
Globe Residency / Jun 2 Globe Residency REIT(GRR)	10,809,000 ▲ 0.33
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	9,751,847 ▲ 0.00
Pak Int.Bulk / Jun 2 Pakistan International Bulk Terminal(PIBTL)	5,430,000 ▲ 0.24
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	5,281,287 ▼ -0.01
Gul Ahmed / Jun 2 Gul Ahmed Textile Mills Limited(GATM)	4,817,327 ▲ 0.81
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	4,031,577 ▼ -0.09
Pak Elektron / Jun 2 Pak Elektron Limited(PAEL)	3,976,718 ▼ -0.01
Maple Leaf Cement / Jun 2 Maple Leaf Cement Factory Limited(MLCF)	3,969,700 ▲ 0.19
Nishat Power / Jun 2 Nishat Power Limited(NPL)	3,668,458 ▲ 0.17
Agritech Limited / Jun 2 Agritech Limited(AGL)	3,412,000 ▲ 0.04

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 2	285.40
USD PKR Interbank Buying / Jun 2	285.20
USD to Japanese Yen / Jun 2	138.86
USD to Swiss Franc / Jun 2	0.90
Pound Sterling to USD / Jun 2	1.25
Euro to USD / Jun 2	1.08
UK LIBOR % / Jun 1	5.06

Stock	Volume
S&P 500 / Jun 1	4221.02
Nasdaq / Jun 1	13100.98
FTSE 100 / Jun 1	7490.27
Dow Jones / Jun 1	33061.57
Germany DAX 30 / Jun 1	15853.66
France CAC40 / Jun 1	7137.43
India Sensex / Jun 2	62684.71
Tokyo Nikkei / Jun 2	31478.64
Hang Seng / Jun 2	18883.22

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 1	20235
Gold 10 Grams PKR / Jun 1	196331
Crude Oil USD/Barrel / Jun 2	70.50
Gold Spot USD/Ounce / Jun 2	1980.59
Cotton US¢/pound / Jun 2	81.60

United States

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