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 29, 2021

UK PM Johnson says he hopes to avoid another lockdown
Europe

UK PM Johnson says he hopes to avoid another lockdown

  • "I am hopeful, I don't see anything in the data right now that would cause us to deviate from the roadmap, but we have got to remain humble in the face of nature and we have to be prepared to do whatever it takes to protect the British public,"
Updated 30 Mar, 2021 12:01am
US CDC extends eviction ban through June 30
USA

US CDC extends eviction ban through June 30

  • The CDC's moratorium on most residential evictions - which the agency justified citing the public health crisis - had been set to expire on Wednesday.
  • "Keeping people in their homes and out of crowded or congregate settings - like homeless shelters - by preventing evictions is a key step in helping to stop the spread of COVID-19," CDC Director Rochelle Walensky said in a statement.
Published 29 Mar, 2021 09:18pm
Brazil to break 2021 spending cap by $5.5bn: IFI budgetary watchdog
USA

Brazil to break 2021 spending cap by $5.5bn: IFI budgetary watchdog

  • Otherwise, Brazil faces a spiral of rising interest rates and inflation, exchange rate weakness, investment drying up and the economy sliding into recession, they say.
  • "This simulation indicates that in order to preserve the ceiling, discretionary spending over the course of the year will have to be cut by 31.9 billion reais," the IFI said in its report, adding that discretionary spending this year should be capped at 107.2 billion reais instead of 139.1 billion.
Published 29 Mar, 2021 09:14pm
US suspends all trade engagement with Myanmar until elected government returns
USA

US suspends all trade engagement with Myanmar until elected government returns

  • Tai said in a statement that Myanmar security forces' killing of peaceful protesters, students, workers and labor leaders and children "has shocked the conscience of the international community."
  • "These actions are a direct assault on the country's transition to democracy and the efforts of the Burmese people to achieve a peaceful and prosperous future," said Tai, who was sworn into office on March 18.
Published 29 Mar, 2021 08:39pm
EU official urges Greece to investigate asylum-seeker pushbacks
Europe

EU official urges Greece to investigate asylum-seeker pushbacks

  • "I am very concerned about the UNHCR report and there are some specific cases that I really think need to be looked into closer," Ylva Johansson, the EU's home affairs commissioner, said during a visit to the island of Lesbos.
  • "I think the Greek authorities can do more when it comes to investigating these alleged pushbacks."
Published 29 Mar, 2021 08:37pm
Ukraine's central bank governor returns to work after COVID-19
Europe

Ukraine's central bank governor returns to work after COVID-19

  • "The governor recovered from the COVID and returned fully to his duties," Galyna Kalachova told Reuters, without giving further details.
  • Ukraine reported more than 1.65 million coronavirus cases with 32,132 deaths as of March 29, while 1.3 million Ukrainians have recovered.
Published 29 Mar, 2021 08:19pm
South African health insurer Discovery in touch with vaccine makers
Africa

South African health insurer Discovery in touch with vaccine makers

  • While we (Discovery) might be in contact with vaccine manufacturers, the acquisition of the vaccine and the policy for who receives it and in what sequence remains the exclusive responsibility of government, until such time as government informs otherwise.
  • South Africa's vaccine rollout faced a blow in early February when it decided to halt the rollout of AstraZeneca's shots on concerns about its effectiveness against the 501Y.V2 variant.
Published 29 Mar, 2021 08:17pm
Norway urges its citizens to leave Myanmar amid violence
Europe

Norway urges its citizens to leave Myanmar amid violence

  • "It is still possible to leave Myanmar but this may change at short notice," the Norwegian foreign ministry said in a statement, while adding that the policy change had been made in coordination with other Nordic countries.
  • There are two Norwegians in Myanmar for Telenor, who are there without families. They both hold key positions in securing Telenor Myanmar's operations.
Published 29 Mar, 2021 08:06pm
Fed will not keep interest rates low for government's benefit, Waller says
USA

Fed will not keep interest rates low for government's benefit, Waller says

  • "My goal today is to definitively put that narrative to rest. It is simply wrong. Monetary policy has not and will not be conducted for these purposes."
  • The Fed's board members and the central bank's powerful chief are appointed by the president with approval of the US Senate, but the governors' long terms and protection from partisan dismissals are meant to insulate the central bank from political pressures.
Updated 29 Mar, 2021 08:09pm
Brazil services confidence in March slumps to lowest since last June: survey
USA

Brazil services confidence in March slumps to lowest since last June: survey

  • The Getulio Vargas Foundation's (FGV) services sector confidence index fell 5.6 points to 77.6 points in March, the third consecutive decline and the lowest since June's 71.7.
  • The index remains well above last April's record low 51.5, but on the other hand it is falling further below the pre-pandemic level of 94.4 in February last year.
Published 29 Mar, 2021 07:23pm
UK consumers cut their borrowing at record annual pace in Feb
Europe

UK consumers cut their borrowing at record annual pace in Feb

  • UK consumer lending falls at fastest rate since records began.
  • Built-up household savings point to fuel for economic recovery.
  • Mortgage approvals drop before new budget measures announced.
  • Household finances survey shows strain but improvement.
Published 29 Mar, 2021 07:20pm
UK's Raab visits Gibraltar to discuss post-Brexit treaty
Europe

UK's Raab visits Gibraltar to discuss post-Brexit treaty

  • "As a valued member of the UK family, we stand side by side with Gibraltar as we enter into the forthcoming negotiations with the EU on Gibraltar's future relationship," Raab said in a statement ahead of the talks with Gibraltar Chief Minister Fabian Picardo.
Published 29 Mar, 2021 07:12pm
Emirates says over 85pc of pilots, cabin crew vaccinated against COVID-19
Middle East

Emirates says over 85pc of pilots, cabin crew vaccinated against COVID-19

  • The global take-up of coronavirus vaccines is seen as key to the reopening of borders and lifting social restrictions that have hit travel demand over the past year.
  • Over 35,000 Emirates employees have taken a vaccine shot, the company said in a statement. Emirates has around 80,000 staff across the group, which includes airport operator dnata.
Published 29 Mar, 2021 07:07pm
UK doesn't have vaccine surplus to share
Europe

UK doesn't have vaccine surplus to share

  • "Our first priority is to protect the British public, and the vaccine rollout is continuing to that end," the spokesman told reporters. "We don't currently have a surplus of vaccines, but we will consider how they are best allocated as they become available."
Published 29 Mar, 2021 07:05pm
Greek cabinet clears EU-funded recovery plan, eyeing big boost in growth
Europe

Greek cabinet clears EU-funded recovery plan, eyeing big boost in growth

  • "The national recovery plan may add up to seven percentage points to GDP on a six-year horizon, on top of the natural growth rate of Greece's economy, and add 200,000 jobs," said Prime Minister.
  • The Greek plan will now be debated in parliament before being submitted in its final form to Brussels, ahead of an end-April deadline.
Published 29 Mar, 2021 06:55pm
UK court rules LCF bondholders not eligible for compensation
Europe

UK court rules LCF bondholders not eligible for compensation

  • The ruling will add to pressure on the government to stump up more cash after it said last year it would set up a scheme to determine if some of the bondholders could be paid a one-off payment in certain circumstances.
  • LCF went bust in early 2019, leaving 11,600 bondholders facing losses of up to 267 million pounds. LCF was regulated by the Financial Conduct Authority, but the mini-bonds were unregulated.
Published 29 Mar, 2021 06:39pm
Merkel under pressure to spell out plan to beat virus surge
Europe

Merkel under pressure to spell out plan to beat virus surge

  • The clock is ticking for Germany to reverse soaring infections which, according to its top public health official, could jump to 100,000 a day from 20,000 now.
  • Germany stepped up lockdown measures in December to contain a second wave of infections, which has now turned into a third wave although with fewer deaths.
Published 29 Mar, 2021 06:34pm
EU presidents to go to Turkey next week, spokesman says
Europe

EU presidents to go to Turkey next week, spokesman says

  • Turkey, an EU candidate country, last held a formal summit with the two EU chiefs in March 2020, when Erdogan met Michel and von der Leyen in Ankara.
  • Both sides also aim to agree billions of euros in fresh EU support for Syrian refugees in Turkey.
Published 29 Mar, 2021 06:28pm
India contributed to nearly 60% of the global rise in poverty in 2020: Study
South Asia

India contributed to nearly 60% of the global rise in poverty in 2020: Study

  • According to a recent study, an estimated 131 million people were thrust into poverty in 2020, as the global economic slump caused by the pandemic has shrunk the world's middle class population.
  • A large driver of this rising poverty appears to be the South Asian region, which “is estimated to have added nearly double the amount of people to the ranks of the globally poor as sub-Saharan Africa in the pandemic".
Updated 29 Mar, 2021 04:53pm
Saudi Arabia announces Ramazan plan for Two Holy Mosques
World

Saudi Arabia announces Ramazan plan for Two Holy Mosques

  • Head of the General Presidency for the Affairs of the two Holy Mosques Sheikh Abdurahman Al-Sudais has urged the visitors of the mosques to get the coronavirus vaccine to ensure their safety as well as the safety of other pilgrims and worshippers.
Published 29 Mar, 2021 02:57pm
Mega-ship in Suez Canal moved '80%' in right direction
World

Mega-ship in Suez Canal moved '80%' in right direction

  • The MV Ever Given, longer than four football fields, became wedged diagonally across the canal during a sandstorm last Tuesday, strangling world supply chains.
  • Egypt is losing some $12-14 million in revenue from the canal for each day it is closed, Suez Canal Authority (SCA) chief Osama Rabie said.
Updated 29 Mar, 2021 02:47pm
I.Coast's Gbagbo awaits crucial ICC ruling
World

I.Coast's Gbagbo awaits crucial ICC ruling

  • Gbagbo has been living in Brussels pending Wednesday's decision but plans to go home if it goes his way, thanks to an olive branch offered by his erstwhile rival.
Published 29 Mar, 2021 01:56pm
Obama's Kenyan 'granny' dies aged 99
World

Obama's Kenyan 'granny' dies aged 99

  • Obama is linked to his Kenyan family via his father Barack senior, a pipe-smoking economist who Obama has admitted he "never truly" knew.
Published 29 Mar, 2021 01:43pm
Previous Day