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May 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
World - 2021-05-07
Canada's Ivey PMI shows activity expanding at a slower pace in April
USA

Canada's Ivey PMI shows activity expanding at a slower pace in April

  • The seasonally adjusted index fell to 60.6 from 72.9 in March. The March reading was the highest since March 2011 and the second highest since the PMI was launched in 2000.
  • Economic restrictions were tightened in some Canadian provinces in April to tackle a third wave of the coronavirus pandemic.
Published 07 May, 2021 08:32pm
US wholesale inventories rise solidly in March
USA

US wholesale inventories rise solidly in March

  • Wholesale inventories shot up 4.5% in March from a year earlier. Sales at wholesalers jumped 4.6% after being unchanged in February.
  • The inventory drawdown subtracted 2.64 percentage points from GDP growth last quarter.
Published 07 May, 2021 08:30pm
Canada loses 207,100 jobs in April, unemployment rate rises to 8.1pc
USA

Canada loses 207,100 jobs in April, unemployment rate rises to 8.1pc

  • Some 207,100 jobs were lost in April, more than the average analyst prediction of a loss of 175,000. The unemployment rate climbed to 8.1%, missing analyst expectations of 7.8%. Employment remains 2.6% below pre-pandemic levels.
  • Full-time employment was down by 129,400 while part-time employment fell by 77,800 positions.
Published 07 May, 2021 06:58pm
Brazil retail sales fall 0.6pc in March, but far less than expected
USA

Brazil retail sales fall 0.6pc in March, but far less than expected

  • The seasonally adjusted monthly decline of 0.6% in March was far less than the median forecast of a 7.0% decline in a Reuters poll of economists, while the year-on-year rise of 2.4% was stronger than the 1.7% fall forecast in the poll.
  • Some 26% of firms across the country surveyed by IBGE said the COVID-19 pandemic affected sales in March, the highest percentage since July last year.
Published 07 May, 2021 06:56pm
Spain's regions at odds over keeping COVID curfew
Europe

Spain's regions at odds over keeping COVID curfew

  • Imposed last October to curb a rampant second wave of infections, the state of emergency allowed the central government to temporarily enforce a nationwide 11 p.m. curfew as well as local travel bans and lockdowns.
  • Basque regional president Inigo Urkullu said on Thursday he would not appeal to the Supreme Court, a last resort for regions, if the measures were struck down.
Published 07 May, 2021 06:45pm
U.S envisions proactive role for Pakistan in Afghanistan after troop withdrawal
South Asia

U.S envisions proactive role for Pakistan in Afghanistan after troop withdrawal

  • The United States intends to "stay in the game" in Afghanistan, and envisions a proactive role for Pakistan in this process - stressing that it is in Islamabad's interest to participate.
  • Blinken stated that "We’re pulling our forces out of Afghanistan, we are not withdrawing. We are not leaving. We are remaining deeply engaged when it comes to supporting Afghanistan — economically, development assistance, humanitarian, supporting its security forces".
Updated 07 May, 2021 07:39pm
Thailand aims for wider tourism reopening from October
South Asia

Thailand aims for wider tourism reopening from October

  • Thailand has since a year ago tightened visa processes and required all visitors and returning residents to undergo 14 days of quarantine in government-approved facilities.
  • Tourism a key source of income and jobs for Thailand. In 2019, it welcomed a record 39.9 million visitors who spent 1.91 trillion baht ($61.32 billion).
Published 07 May, 2021 06:33pm
Maldives former president Nasheed critical after bomb blast
South Asia

Maldives former president Nasheed critical after bomb blast

  • Nasheed, the Maldives first democratically elected president who is now parliament speaker, had previously warned about militants infiltrating the Islamic country. He was getting into his car when the blast occurred.
  • "Over the course of the past 16 hours he had life-saving surgery on injuries to his head, chest, abdomen and limbs," the hospital said in a statement.
Published 07 May, 2021 06:31pm
German panel to recommend J&J COVID vaccine for over-60s: Spiegel
Europe

German panel to recommend J&J COVID vaccine for over-60s: Spiegel

  • Europe's drug regulator approved J&J's vaccine last month after examining cases of a rare blood clotting issue in US adults who received a dose. But it left it up to the European Union's member states to decide how to use it.
  • A spokeswoman for the Robert Koch Institute (RKI) for infectious diseases said the institute expects STIKO to make a recommendation on J&J's vaccine next week. She declined to comment further.
Published 07 May, 2021 06:02pm
Mexico inflation accelerates to highest level in over 3 years
USA

Mexico inflation accelerates to highest level in over 3 years

  • Inflation jumped to 6.08% in April from 4.67% in March, national statistics agency INEGI said. A Reuters poll of economists had forecast a reading of 6.01%.
  • Inflation now stands at its highest rate since December 2017. The central bank targets inflation of 3%, with a one percentage tolerance range above and below that.
Published 07 May, 2021 05:46pm
Saudi Arabia wants to see ‘verifiable deeds’ from talks with Iran
Middle East

Saudi Arabia wants to see ‘verifiable deeds’ from talks with Iran

  • The comments by Ambassador Rayed Krimly, head of policy planning at the ministry, were the first public confirmation from Riyadh that the rivals - who severed ties in 2016 - were holding direct talks.
  • "We hope they prove successful, but it is too early, and premature, to reach any definitive conclusions. Our evaluation will be based on verifiable deeds, and not proclamations."
Published 07 May, 2021 05:38pm
UK ruling party targets shock win in opposition stronghold

UK ruling party targets shock win in opposition stronghold

  • One of the last opinion surveys before Thursday gave Johnson's ruling party a double-digit lead in the seat, which if confirmed would represent a serious blow to Labour leader Keir Starmer ahead of the next general election due in 2024.
Published 07 May, 2021 10:58am
UK votes as independence debate heats up in Scotland

UK votes as independence debate heats up in Scotland

  • The Hartlepool result is due in the early hours of Friday, and the other outcomes will take shape over the weekend. Social distancing rules for ballot counters are expected to slow down the process.
Published 07 May, 2021 10:27am
Global COVID-19 death toll more than double official estimates - IHME

Global COVID-19 death toll more than double official estimates - IHME

  • "Many countries have devoted exceptional effort to measuring the pandemic's toll, but our analysis shows how difficult it is to accurately track a new and rapidly spreading infectious disease," Christopher Murray, director of the Institute for Health Metrics and Evaluation said.
Published 07 May, 2021 10:13am
25 killed in police raid on Rio slum

25 killed in police raid on Rio slum

  • At least two people were wounded when the subway car they were riding in was apparently caught in the crossfire during the operation, news site G1 reported.
Published 07 May, 2021 10:12am
22 Palestinians wounded

22 Palestinians wounded

OCCUPIED JERUSALEM: Twenty-two Palestinians were wounded in overnight clashes with Israeli police in annexed east...
Updated 07 May, 2021 10:04am
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