News Archives for World - 2020-07-17

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World

COVID-19 resurgence poses biggest risk to US economy: IMF

The second quarter saw a 37 percent collapse in GDP, which is expected to contract by 6.6 percent in 2020, the fund said, stressing the "tremendous uncertainties" surrounding the outlook.

Published 17 Jul, 2020 11:41pm

Europe

Brazil virus outbreak has 'plateaued': WHO

Brazil is the second worst virus affected country in the world after the United States, counting nearly 77,000 deaths and more than two million cases.

Published 17 Jul, 2020 11:21pm

Currency

US economy faces significant risks, long road to recovery: IMF staff

There are tremendous uncertainties surrounding the economic propagation of the COVID-19 shock.
It will likely take a prolonged period to repair the economy and to return activity to pre-pandemic levels.

Published 17 Jul, 2020 09:53pm

USA

Treasury's Mnuchin open to blanket forgiveness for smaller business relief loans

Mnuchin told lawmakers that they should consider such an approach to reduce complexity, coupled with some form of fraud protection. *"This time, we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines," he said.

Published 17 Jul, 2020 08:54pm

Currency

Nigeria inflation rises in June, food and healthcare cost weigh

Inflation climbed to 12.56%, its highest level in more than two years, from 12.4% in May, the National Bureau of Statistics said.
The central bank is due to meet on Monday to set interest rates after it last week depreciated the naira by 5.5% against the dollar on the official market.

Published 17 Jul, 2020 08:47pm

South Asia

Russia ready to mediate talks between Armenia, Azerbaijan

Putin alongside senior Russian government officials "emphasised an urgent need for the parties to adhere to a ceasefire.
Negotiations mediated by Russia, the United States, and France since 1994 have failed to bring about a lasting resolution to the stalemate.

Published 17 Jul, 2020 08:35pm

Europe

German finance minister under fire over Wirecard warnings

Wirecard collapsed spectacularly last month after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts likely did not exist.
Scholz has described the Wirecard scandal as "unparalleled in the financial world" and called for reforms of the country's finance watchdog Bafin.

Published 17 Jul, 2020 08:33pm

World

World Bank official urges G20 to extend debt relief

G20 finance ministers are set to hold a virtual meeting Saturday, and are expected to discuss the status of the debt relief initiative.
She called the initial step "useful" but said, "Sadly, that step hasn't gone as far as it has been hoped.

Updated 17 Jul, 2020 08:33pm

Exchange

Lebanon's advisers to work on compromise on financial plan

The plan, which anticipates vast losses in the financial system, has been undermined by objections from Lebanon's ruling elite.
The IMF said the losses appeared to be about the right order of magnitude.

Published 17 Jul, 2020 06:45pm

Europe

EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines

Bloc seeks to secure at least 200 million doses of J&J shot.
Talks show EU's assertive line in race to COVID shots, drugs.
Negotiations led by team selected by all 27 EU states.

Published 17 Jul, 2020 06:14pm

Exchange

Hong Kong demands Taiwan officials sign 'one China' document for visa renewal

The move comes after Taipei criticised a new security law imposed on Hong Kong by Beijing.
The official said the move was unprecedented and presented an "unnecessary political obstacle" for Taipei-Hong Kong ties.

Published 17 Jul, 2020 05:52pm

Africa

Mali PM apologises for security force 'excesses' during protests

Last Friday, the latest in a series of mass protests in the capital Bamako against Keita turned violent, with security forces firing on protesters.
Clashes.

Published 17 Jul, 2020 05:47pm

Europe

Britain eyes normal life by Christmas, but preparing for second COVID-19 wave

Hope for the best, prepare for the worst, says PM Johnson.
Govt to drop 'work at home' guidance, give employers discretion.
Extra NHS funding and increased local lockdown powers.

Published 17 Jul, 2020 05:36pm

Europe

Turkey's Erdogan says Egypt's actions in Libya are illegal

Turkey has been providing military aid to the Tripoli-based government in the Libya conflict.
Erdogan said Turkey would maintain its support for the internationally recognised Government of National Accord.

Published 17 Jul, 2020 05:33pm

World

Russia, despite theft allegations, says deal to make UK-developed COVID-19 vaccine is on

West accuses Russia of trying to steal vaccine data.
Russia denies that, says it is victim of smear campaign.
Says has deal to make British-developed vaccine anyway.
Says its own vaccine is likely to be approved next month.

Published 17 Jul, 2020 05:31pm

World

China's Wuhan declares red alert as floods disrupt supply chains

Wuhan warned residents to take precautions as water levels fast approached their maximum guaranteed safety level.

Published 17 Jul, 2020 10:30am

World

US sanctions top surgical glove maker over forced labour

KUALA LUMPUR: The US has banned the import of surgical gloves from two subsidiaries of Malaysia's Top Glove - the...

Updated 17 Jul, 2020 03:21am

World

States must ensure just pandemic response, vaccines for all: UN rights council

GENEVA: The UN's top rights body adopted a resolution Thursday highlighting states' responsibilities in addressing...

Updated 17 Jul, 2020 03:21am

Europe

France makes public mask-wearing compulsory indoors

PARIS: France will make the wearing of face masks compulsory in indoor public places from next week, the government...

Published 17 Jul, 2020 02:53am

World

Jordan top court dissolves country's Muslim Brotherhood

AMMAN: Jordan's top court has dissolved the country's branch of the Muslim Brotherhood, a transnational Islamist...

Updated 17 Jul, 2020 03:21am

World

Solar Orbiter gives unprecedented look at Sun

PARIS: Scientists said Thursday they had obtained the closest ever images taken of the Sun as part of a pan-European...

Published 17 Jul, 2020 02:53am

World

Gabon gets first woman prime minister

LIBREVILLE: The president of Gabon, Ali Bongo Ondimba, on Thursday appointed the country's first woman prime...

Published 17 Jul, 2020 02:53am

Exchange

Qatar likely to host start of Taliban-Afghan govt talks: minister

KABUL: Qatar is likely to host the initial round of peace talks between the Taliban and the Afghan government after...

Published 17 Jul, 2020 02:53am

World

UK accuses Russia of vaccine research hacking, vote meddling

LONDON: Britain on Thursday risked worsening fraught diplomatic ties with Russia by accusing Moscow-linked hackers ...

Published 17 Jul, 2020 02:53am

USA

As virus surges, Trump escalates conflict with Fauci

As director of the National Institute of Allergy and Infectious Diseases, the physician-scientist has led the country's response to every epidemic since the 1980s, earning particular acclaim for his research on HIV treatments.

Published 17 Jul, 2020 01:36am

World

Canada ethics probe widens to Trudeau's finance minister

Mario Dion, an independent officer of parliament, announced he would be investigating Morneau following a request by the Conservative opposition.

Published 17 Jul, 2020 01:33am

USA

US announces borders with Mexico, Canada to stay shut to August 20

Confirming reports days earlier from Canada that Washington had renewed the four-month-old shutdown, Wolf said the decision represented the success of collaboration on the COVID-19 pandemic.

Published 17 Jul, 2020 01:30am

Europe

Iran must quash death sentences against protesters: UN experts

Iran's Supreme Court earlier this week upheld the death penalty against the three, Amir Hossein Moradi, Saeed Tamjidi, and Mohammad Rajabi, for criminal actions during protests last November sparked by a hike in petrol prices.

Published 17 Jul, 2020 01:24am

World

Coronavirus toll at 1900 GMT Thursday

At least 13,660,780 cases of coronavirus have been registered in 196 countries and territories. Of these, at least 7,442,700 are now considered recovered.

Published 17 Jul, 2020 01:22am

World

Coronavirus: latest global developments

European Union leaders will meet in Brussels on July 17-18 to discuss a 750-billion-euro fund to help the hardest-hit member states weather the crisis.

Published 17 Jul, 2020 01:14am

Europe

Virus was direct cause of death for 89pc of Italian COVID-19 victims

The remaining 11pc had coronavirus but died as a direct result of other medical conditions, including heart disease cancer and dementia.

Published 17 Jul, 2020 12:09am

Middle East

Iraq to reopen airports on July 23, lift curfew after Eid Al-Adha

Some international flights have left Baghdad in recent weeks with passengers needing prior approval to travel.

Published 17 Jul, 2020 12:06am

Previous Day

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 10	276.85 ▼ -0.01
USD PKR Interbank Buying / Nov 10	276.65 ▼ -0.01
USD to Japanese Yen / Nov 10	158.72 ▲ 0.65
USD to Swiss Franc / Nov 10	0.83 ▲ 0.0054
Pound Sterling to USD / Nov 10	1.33 ▼ -0.0088
Euro to USD / Nov 10	1.12 ▼ -0.0051
SOFR % / Nov 9	3.88 ▼ -0.01

Stock	Volume
S&P 500 / Nov 10	7,520.93
Tokyo Nikkei / Nov 10	60,459.58
Nasdaq / Nov 10	25,065.88
Hang Seng / Nov 10	24,557.04
FTSE 100 / Nov 10	10,751.59
Dow Jones / Nov 10	52,231.89
Germany DAX 30 / Nov 10	26,347.45
France CAC40 / Nov 10	8,278.59
India Sensex / Nov 9	81,106.65

Item	Value
Petrol/Litre / Nov 11	338
Diesel/Litre / Nov 11	371
Crude Oil USD/Barrel / Nov 10	86.32
Karachi Cotton PKR/37.32 KG / Nov 10	18,080
Gold 10 Grams PKR / Nov 10	369,372
Gold Spot USD/Ounce / Nov 10	4,036.47
Cotton US¢/pound / Nov 10	82.51

Gainers
Losers
Leaders

Stock	Price
Security Investment Bank / Nov 10 Security Investment Bank Limited(SIBL)	8.53 ▲ 1 (13.28%)
Pervez Ahmed Consultancy / Nov 10 Pervez Ahmed Consultancy Services Ltd.(PASL)	8.96 ▲ 1 (12.56%)
Altern Energy / Nov 10 Altern Energy Limited(ALTN)	6.50 ▲ 0.6 (10.17%)
First AL-Noor Mod. / Nov 10 First Al-Noor Modaraba(FANM)	14.14 ▲ 1.29 (10.04%)
Wahdat Poultry Farm / Nov 10 Wahdat Poultry Farm Limited(WAHDAT)	14.92 ▲ 1.36 (10.03%)
Metro Steel / Nov 10 Metropolitan Steel Corporation Limited(MSCL)	21.96 ▲ 2 (10.02%)
Unicap Modaraba / Nov 10 Unicap Modaraba(UCAPM)	20.97 ▲ 1.91 (10.02%)
ARM Green Industries / Nov 10 ARM Green Industries Limited(ARMG)	82.02 ▲ 7.46 (10.01%)
Pakistan Credit Rating Agency / Nov 10 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	37.60 ▲ 3.42 (10.01%)
Liven Pharma / Nov 10 Liven Pharma Limited(LIVEN)	34.62 ▲ 3.15 (10.01%)

Stock	Price
LSE Financial Serv. / Nov 10 LSE Financial Services Limited(LSEFSL)	2.29 ▼ -0.34 (-12.93%)
Azgard Nine (Non-Voti) / Nov 10 Azgard Nine (Non-Voti)(ANLNV)	7.18 ▼ -0.91 (-11.25%)
Frontier Ceramics / Nov 10 Frontier Ceramics Limited(FRCL)	93.96 ▼ -10.44 (-10%)
J.A.Textile / Nov 10 J.A. Textile Mills Limited(JATM)	78.76 ▼ -8.75 (-10%)
Pakistan Refinery / Nov 10 Pakistan Refinery Limited(PRL)	77.45 ▼ -8.1 (-9.47%)
Nets Internat.Comm. / Nov 10 Nets International Communication Limited(GEMNETS)	20 ▼ -2.04 (-9.26%)
Mughal Energy / Nov 10 Mughal Energy Limited(GEM)(GEMMEL)	32.02 ▼ -3.23 (-9.16%)
Nadeem Tex. / Nov 10 Nadeem Textile Mills Limited(NATM)	65.02 ▼ -5.66 (-8.01%)
Fateh Sports / Nov 10 Fateh Sports Wear Limited(FSWL)	235 ▼ -19.97 (-7.83%)
Data Agro / Nov 10 Data Agro Limited(DAAG)	151.60 ▼ -11.13 (-6.84%)

Stock	Volume
Cnergyico PK / Nov 10 Cnergyico PK Limited(CNERGY)	69,968,776 ▼ -0.65
Tasdeeq Info. Serv. / Nov 10 Tasdeeq Information Services Limited(TISL)	46,399,977 ▲ 0.2
K-Electric Ltd. / Nov 10 K-Electric Limited(KEL)	42,177,945 ▲ 0.12
Fauji Cement / Nov 10 Fauji Cement Company Limited(FCCL)	38,415,129 ▲ 5.44
Maple Leaf Cement / Nov 10 Maple Leaf Cement Factory Limited(MLCF)	33,123,031 ▲ 6.86
B.O.Punjab / Nov 10 The Bank of Punjab(BOP)	32,293,007 ▲ 1.01
Ningbo Green Light / Nov 10 Ningbo Green Light Energy Limited(NGLEL)	30,370,044 ▲ 1.26
LSE Financial Serv. / Nov 10 LSE Financial Services Limited(LSEFSL)	28,125,134 ▼ -0.34
Pakistan Refinery / Nov 10 Pakistan Refinery Limited(PRL)	27,247,478 ▼ -8.1
TPL Properties / Nov 10 TPL Properties Limited(TPLP)	25,644,572 ▲ 0.43

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