BR100 Increased By (0.85%)
BR30 Increased By (0.42%)
KSE100 Increased By (0.87%)
KSE30 Increased By (0.83%)
AGHA 6.03 Increased By ▲ 0.01 (0.17%)
BECO 3.86 Increased By ▲ 0.05 (1.31%)
BML 61.00 Increased By ▲ 4.56 (8.08%)
BOP 28.09 Decreased By ▼ -0.01 (-0.04%)
CNERGY 11.74 Decreased By ▼ -0.54 (-4.4%)
CSIL 5.30 Increased By ▲ 0.01 (0.19%)
FCCL 54.46 Increased By ▲ 0.65 (1.21%)
FFL 13.07 Increased By ▲ 0.27 (2.11%)
FNEL 1.11 Decreased By ▼ -0.01 (-0.89%)
KEL 5.63 Decreased By ▼ -0.01 (-0.18%)
KOSM 5.34 Decreased By ▼ -0.04 (-0.74%)
LOTCHEM 23.83 Increased By ▲ 0.28 (1.19%)
MLCF 92.98 Increased By ▲ 1.02 (1.11%)
NBP 163.20 Increased By ▲ 0.96 (0.59%)
NCPL 48.27 Decreased By ▼ -0.64 (-1.31%)
NPL 49.71 Decreased By ▼ -0.80 (-1.58%)
OGDC 303.63 Increased By ▲ 1.95 (0.65%)
PACE 8.97 Decreased By ▼ -0.16 (-1.75%)
PAEL 31.91 Increased By ▲ 0.10 (0.31%)
PIBTL 12.74 Decreased By ▼ -0.04 (-0.31%)
PPL 212.91 Increased By ▲ 0.85 (0.4%)
PRL 84.34 Decreased By ▼ -2.92 (-3.35%)
PTC 44.99 Increased By ▲ 1.03 (2.34%)
SSGC 22.83 Decreased By ▼ -0.03 (-0.13%)
TBL 8.88 Decreased By ▼ -0.03 (-0.34%)
TELE 6.50 Increased By ▲ 0.06 (0.93%)
TPL 24.26 Increased By ▲ 0.17 (0.71%)
TPLP 11.99 Decreased By ▼ -0.17 (-1.4%)
TREET 23.14 Decreased By ▼ -0.36 (-1.53%)
TRG 51.47 Decreased By ▼ -0.40 (-0.77%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices IMF-World Bank meetings Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive

World

Monday, March 8, 2021

US consumers expect to spend more on rent and other bills, NY Fed survey finds
USA

US consumers expect to spend more on rent and other bills, NY Fed survey finds

  • Consumers said they expect gas prices to rise by a median 9.6% over the next year, up from 6.2% in January. It was the fifth straight month of increase and a new high for the survey, which launched in 2013.
  • Respondents also raised their expectations for how much food, medical care and college will cost over the next year.
Updated 08 Mar, 2021 10:18pm
Mexican inflation likely accelerated in February
USA

Mexican inflation likely accelerated in February

  • The median forecast of 14 analysts was that inflation advanced in February to 3.72% from 3.54% in January.
  • The Bank of Mexico targets a rate of 3% with a one percentage point tolerance threshold above and below that.
Updated 08 Mar, 2021 10:18pm
PM Draghi pledges to speed up jabs, pull Italy clear of COVID crisis
Europe

PM Draghi pledges to speed up jabs, pull Italy clear of COVID crisis

  • In his first major address since taking office last month, the former European Central Bank chief said the situation was deteriorating as new cases rose, but predicted that the end was nonetheless within sight.
  • "The pandemic is not yet over, but with the acceleration of the vaccine plan, a way out is not far off," Draghi said in a video address to mark international women's day.
Updated 08 Mar, 2021 10:18pm
US lawmakers introducing bill to give USPS $6bn for EV delivery vehicles
USA

US lawmakers introducing bill to give USPS $6bn for EV delivery vehicles

  • The bill sponsored by Representative Jared Huffman and seen by Reuters would require at least 75% of the new fleet be electric or zero-emission vehicles.
  • The bill would also require no less than 50% of medium/heavy-duty vehicle purchases be electric or zero-emission through 2029 and all new USPS vehicles be zero-emission after January 2040.
Updated 08 Mar, 2021 10:17pm
UK's Johnson says he admires the Queen, declines to comment on accusations
Europe

UK's Johnson says he admires the Queen, declines to comment on accusations

  • "I've always had the highest admiration for the Queen and the unifying role that she plays in our country and across the Commonwealth," he told.
  • "As for the rest, all other matters to do with the royal family, I've spent a long time now not commenting on royal family matters and I don't intend to depart from that today."
Updated 08 Mar, 2021 10:17pm
Italy's coronavirus death toll passes 100,000
Europe

Italy's coronavirus death toll passes 100,000

  • Italy is the seventh country in the world to reach the bleak milestone, following the United States, Brazil, Mexico, India, Russia and Britain.
  • Over the last day, some 13,902 new cases were logged against 20,765 on Sunday. Fewer tests are normally carried out at the weekend, which means case numbers are often low on Mondays.
Updated 08 Mar, 2021 10:17pm
ICoast names interim prime minister
Africa

ICoast names interim prime minister

  • Tene Birahima Ouattara, presidential affairs minister and the younger brother of President Alassane Ouattara, was appointed interim defence minister, also replacing Bakayoko in that position.
Published 08 Mar, 2021 08:48pm
Libyan parliament reunites after years of war to debate new government
Africa

Libyan parliament reunites after years of war to debate new government

  • The city is now held by Khalifa Haftar's eastern-based Libyan National Army (LNA), which retreated there last year after failing to capture Tripoli in the west.
  • The lawmakers will debate approving a government formed by Abdelhamid Dbeibeh, selected as interim prime minister at a forum held by the United Nations in Geneva last month.
  • The parliament members are expected to debate the government on Monday but not vote on it until Tuesday at the earliest.
Updated 08 Mar, 2021 10:16pm
US Supreme Court dumps last of Trump's election appeals
USA

US Supreme Court dumps last of Trump's election appeals

  • The court without comment rejected Trump's appeal challenging thousands of absentee ballots filed in Wisconsin, an election battleground that the Republican businessman-turned-politician lost to Democrat Joe Biden by more than 20,000 votes. Biden became president on Jan. 20.
  • Trump has made - and continues to make - false claims that the Nov. 3 presidential election was stolen from him through widespread voting fraud and irregularities
Updated 08 Mar, 2021 10:16pm
US Supreme Court rejects case over 'qualified immunity' for police
USA

US Supreme Court rejects case over 'qualified immunity' for police

  • Police use of force has been closely scrutinized following the May 2020 death of a Black man named George Floyd after a Minneapolis officer knelt on his neck.
  • The Cincinnati, Ohio-based 6th US Circuit Court of Appeals in 2020 granted the officers qualified immunity, ruling that no "clearly established" precedent showed that their actions were unlawful.
Published 08 Mar, 2021 08:18pm
Yellen says Biden COVID bill to fuel ‘very strong’ US recovery
USA

Yellen says Biden COVID bill to fuel ‘very strong’ US recovery

  • This is a bill that will really provide Americans the relief they need to get to the other side of the pandemic, and we expect the resources here to really fuel a very strong economic recovery.
  • "If it turns out to be inflationary, there are tools to deal with that, and we'll monitor that closely," Yellen said of the bill's measures.
Published 08 Mar, 2021 08:06pm
US could send $1,400 COVID bill payments within days; child tax credit a bigger challenge
USA

US could send $1,400 COVID bill payments within days; child tax credit a bigger challenge

  • Some Americans might see direct payments as soon as this week if the bill passes the House of Representatives on Tuesday as expected, compared with several weeks' lag in April 2020.
  • The bill also includes an expanded Child Tax Credit of up to $3,000 per child, paid monthly starting in July, essentially forcing the revenue collector to act as benefits administrator for the rest of the year.
Updated 08 Mar, 2021 10:19pm
Iran casts long shadow over Pentagon nominee's Senate hearing
USA

Iran casts long shadow over Pentagon nominee's Senate hearing

  • President Joe Biden’s nominee to become the Pentagon’s top policy adviser faced relentless Republican criticism on Thursday over his support for the Iran nuclear deal, in a confirmation hearing that could foreshadow bigger fights over Biden’s national security agenda.
Published 08 Mar, 2021 07:53pm
US government to expand biofuels forecasts as renewable diesel sector grows
USA

US government to expand biofuels forecasts as renewable diesel sector grows

  • Surging demand for renewable diesel is part of a larger global transition to green fuels, and could increase prices of crops such as soybeans and canola it is derived from.
  • The EIA is planning to begin incorporating renewable diesel data in its Petroleum Supply Monthly report, with a goal to publish data for January by the end of this month, EIA told Reuters.
Updated 08 Mar, 2021 10:19pm
Chilean consumer prices rise 0.2pc in February, 2.8pc over 12 months
USA

Chilean consumer prices rise 0.2pc in February, 2.8pc over 12 months

  • A central bank poll of traders in February predicted inflation would come in slightly higher at 0.4% for the month.
  • Rolling, 12-month inflation rose to 2.8%, the agency said, hovering near the middle of the Central Bank's tolerance range of between 2.0 and 4.0%.
Updated 08 Mar, 2021 10:19pm
Brazil's 2021 inflation seen at 4.0pc, next year's rate outlook also rises: survey
USA

Brazil's 2021 inflation seen at 4.0pc, next year's rate outlook also rises: survey

  • The average forecast for IPCA consumer price inflation at the end of this year rose from 3.9% a week ago, according to the latest weekly "FOCUS" survey of over 100 economists, rising further above the central bank's official goal of 3.75%.
  • A persistently weak exchange rate, strong global commodity prices and growing concerns over the government's fiscal position are all pushing inflation expectations higher.
Updated 08 Mar, 2021 10:19pm
Indonesia gets 1.1mn AstraZeneca vaccine doses via COVAX
South Asia

Indonesia gets 1.1mn AstraZeneca vaccine doses via COVAX

  • The Southeast Asian nation has reported one of the worst COVID-19 caseloads in Asia. It launched a vaccination drive in January, aiming to inoculate some 181 million people within a year.
  • Indonesia will get about 11.7 million doses of AstraZeneca's vaccine through COVAX, which will come in stages through May, Minister Retno Marsudi said.
Published 08 Mar, 2021 07:18pm
‘We never sulk, we don't have moods’, Brussels tells London
Europe

‘We never sulk, we don't have moods’, Brussels tells London

  • David Frost wrote in British newspaper the Sunday Telegraph that the European Union should shake off its ill-will and build a good relationship with Britain as sovereign equals.
  • We never sulk, we don't have moods. We are an institution so we try to work on a day-to-day basis with a very, very even temper.
Published 08 Mar, 2021 07:12pm
Philippine leader's order to kill rebels 'legal', spokesman says
South Asia

Philippine leader's order to kill rebels 'legal', spokesman says

  • "The president's 'kill, kill, kill' order is legal because it was directed at armed rebels," his spokesman Harry Roque said in a briefing, adding the government would still investigate the incident.
  • Activists said the raids were reminiscent of police operations in which thousands of people have been killed as part of Duterte's signature war on drugs.
Published 08 Mar, 2021 07:11pm
German lawmaker from Merkel's conservatives quits over face mask scandal
Europe

German lawmaker from Merkel's conservatives quits over face mask scandal

  • "In order to avert further damage for my party, I withdraw from my Bundestag mandate," said Nikolas Loebel the conservative Christian Democrats (CDU) party in a statement.
  • His resignation comes one week before regional elections in the western states of Rhineland-Palatinate and Baden-Wuerttemberg, where Loebel's constituency is.
Published 08 Mar, 2021 07:06pm
Macron seen beating Le Pen by smaller margin in 2022 French presidential poll
Europe

Macron seen beating Le Pen by smaller margin in 2022 French presidential poll

  • Macron and Le Pen would easily qualify for the runoff after picking up about 25% each in the first round scheduled for April 2022, far ahead of other rivals. Macron would go on to defeat Le Pen with 53% of the votes versus 47%.
  • "Centre-left voters are disappointed, that's for sure," one minister, speaking on condition of anonymity, told Reuters.
Published 08 Mar, 2021 07:03pm
Syria's Assad and his wife test positive for COVID-19
Middle East

Syria's Assad and his wife test positive for COVID-19

  • The Syrian leader and his spouse, who announced her recovery from breast cancer in 2019, were both in good health and would keep working while in isolation at home.
  • The health ministry started vaccinating frontline healthcare workers a week ago and said there had been a surge in COVID-19 cases without elaborating.
Published 08 Mar, 2021 06:53pm
Syria's Assad and his wife test positive for COVID-19
Middle East

Syria's Assad and his wife test positive for COVID-19

  • Syria’s President Bashar al-Assad and his wife Asma have tested positive for COVID-19 after showing minor symptoms, his office said on Monday.
  • The Syrian leader and his spouse, who announced her recovery from breast cancer in 2019, were both in good health and would keep working while in isolation at home, the statement said.
Published 08 Mar, 2021 06:52pm
Israel, Cyprus and Greece agree to link power grids via subsea cable
Europe

Israel, Cyprus and Greece agree to link power grids via subsea cable

  • Cypriot Energy Minister Natasa Pilides said it marked "a decisive step towards ending the island's energy isolation, and consequently, our dependence on heavy fuels."
  • The cable will have a capacity of 1,000-2,000 megawatts (MW) and is expected to be completed by 2024, according to Israel's energy ministry.
Published 08 Mar, 2021 06:35pm
Senegal opposition leader indicted and released on bail
Africa

Senegal opposition leader indicted and released on bail

  • He (Sonko) has been indicted for rape and death threats and placed under judicial supervision. He is going home.
  • Much of Senegal's capital Dakar was at a standstill in anticipation of further unrest, and army tanks patrolled downtown streets.
Published 08 Mar, 2021 06:33pm
10 years on, no peace after war in Syria
World

10 years on, no peace after war in Syria

  • "These girls and boys will be Syria's young adults in five or 10 years and will, in turn, want a future, economic prospects and political freedoms that the system cannot give them if it doesn't reform," he told AFP.
Updated 08 Mar, 2021 05:11pm
Secretary Blinken reveals roadmap for Afghan peace negotiations
South Asia

Secretary Blinken reveals roadmap for Afghan peace negotiations

  • In a letter to President Ashraf Ghani, United States Secretary of State Antony Blinken made four key suggestions for the Afghan Peace Process - which has remained in limbo over the past months.
  • Blinken articulated that the United States has not ruled out any option regarding Afghanistan, adding that "We are considering the full withdrawal of our forces by May 1, as we consider other options".
Updated 08 Mar, 2021 11:08am
Previous Day