ANL 35.31 Decreased By ▼ -0.69 (-1.92%)
ASC 14.75 Increased By ▲ 0.05 (0.34%)
ASL 26.00 Increased By ▲ 0.30 (1.17%)
AVN 89.10 Decreased By ▼ -0.40 (-0.45%)
BOP 7.77 Increased By ▲ 0.03 (0.39%)
BYCO 10.05 Decreased By ▼ -0.03 (-0.3%)
DGKC 122.65 Decreased By ▼ -1.15 (-0.93%)
EPCL 58.20 Increased By ▲ 0.05 (0.09%)
FCCL 23.88 Decreased By ▼ -0.17 (-0.71%)
FFBL 28.75 Decreased By ▼ -0.40 (-1.37%)
FFL 15.63 Decreased By ▼ -0.12 (-0.76%)
HASCOL 9.60 Decreased By ▼ -0.05 (-0.52%)
HUBC 79.14 Increased By ▲ 0.39 (0.5%)
HUMNL 6.41 Decreased By ▼ -0.03 (-0.47%)
JSCL 20.80 Decreased By ▼ -0.40 (-1.89%)
KAPCO 39.90 No Change ▼ 0.00 (0%)
KEL 3.78 No Change ▼ 0.00 (0%)
LOTCHEM 16.60 Decreased By ▼ -0.08 (-0.48%)
MLCF 46.00 Decreased By ▼ -0.31 (-0.67%)
PAEL 35.56 Decreased By ▼ -0.09 (-0.25%)
PIBTL 10.34 Increased By ▲ 0.12 (1.17%)
POWER 9.28 Increased By ▲ 0.09 (0.98%)
PPL 85.90 Decreased By ▼ -0.33 (-0.38%)
PRL 24.72 Decreased By ▼ -0.18 (-0.72%)
PTC 9.90 Decreased By ▼ -0.01 (-0.1%)
SILK 1.26 Increased By ▲ 0.02 (1.61%)
SNGP 41.63 Decreased By ▼ -0.37 (-0.88%)
TRG 165.10 Increased By ▲ 1.80 (1.1%)
UNITY 30.40 Increased By ▲ 0.02 (0.07%)
WTL 1.56 Increased By ▲ 0.02 (1.3%)
BR100 4,874 Increased By ▲ 12.26 (0.25%)
BR30 25,700 Increased By ▲ 11.25 (0.04%)
KSE100 45,306 Increased By ▲ 75.45 (0.17%)
KSE30 18,538 Increased By ▲ 28.18 (0.15%)

Coronavirus
VERY HIGH
Pakistan Deaths
15,982 ▲
11024hr
Pakistan Cases
745,182 ▲
536424hr
Sindh
270,963
Punjab
261,173
Balochistan
20,662
Islamabad
68,665
KPK
103,419
Business Recorder Logo
Apr 17, 2021 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Europe

Italy's Draghi expects economy to jump, looks to bet on ‘good debt’
Europe

Italy's Draghi expects economy to jump, looks to bet on ‘good debt’

  • "We will have a very strong economic rebound in the coming months and will then have to settle on a path, on a level of growth, that will allow us to free ourselves of the high debt," Draghi told a news conference.
  • "We are issuing and will (continue to) issue debt. The point is that this debt must be invested well ... it is a bet on good debt," he said.
Published 16 Apr, 2021 07:52pm
COVID-19 prevalence in England drops sharply in latest week: ONS
Europe

COVID-19 prevalence in England drops sharply in latest week: ONS

  • There were 1 in 480 people infected in the week ending April 10, according to the latest figures, down from 1 in 340 infected the week before.
  • "Our modelling suggests that the percentage of people testing positive in England decreased in the week ending 10 April 2021," the ONS said.
Published 16 Apr, 2021 06:35pm
Kremlin says Putin to decide on counter sanctions against Washington
Europe

Kremlin says Putin to decide on counter sanctions against Washington

  • The Kremlin was speaking a day after the United States imposed a broad array of sanctions on Russia, including curbs to its sovereign debt market.
  • Putin had repeatedly said that Russia was ready to cooperate with the United States as much as Washington wanted to cooperate with Moscow.
Published 16 Apr, 2021 04:47pm
EU Commission urges Ireland to rethink hotel quarantine
Europe

EU Commission urges Ireland to rethink hotel quarantine

  • The EU executive wrote to the Irish government on Friday in relation to the criteria used to determine the list, a spokesman said.
  • "The Commission has concerns regarding this measure in relation to the general principles of EU law, in particular proportionality and non-discrimination," the spokesman said.
Published 16 Apr, 2021 05:15pm
Swedish govt proposes $104bn infrastructure spending plan
Europe

Swedish govt proposes $104bn infrastructure spending plan

  • Sweden's economy has coped relatively well with the COVID crisis, thanks in part to a strategy of mainly voluntary restrictions rather than strict lockdowns.
  • "Most areas of society, including the transport sector will have to reach zero emissions within 25 years," Environment Minister Per Bolund told reporters.
Published 16 Apr, 2021 04:26pm
Hundreds queue up as Latvia offers walk-in AstraZeneca shots
Europe

Hundreds queue up as Latvia offers walk-in AstraZeneca shots

  • Latvia is now vaccinating people over 65 and those with chronic illnesses, but many do not show up when told they will be given AstraZeneca.
  • We queued two and half hours before opening, around 6:30 in the morning, because this is the only way out of this for us.
Published 16 Apr, 2021 04:14pm
UK reports slight rise in daily COVID cases to 2,672
Europe

UK reports slight rise in daily COVID cases to 2,672

  • A further 30 people were reported as having died within 28 days of a positive test for COVID-19, meaning there were 211 deaths between April 9 and 15, a fall of 2.3% compared with the previous seven days.
Published 15 Apr, 2021 08:24pm
EU wants to ban use of AI for surveillance
Europe

EU wants to ban use of AI for surveillance

  • "The use of artificial intelligence for the purposes of indiscriminate surveillance of natural persons should be prohibited when applied in a generalised manner to all persons without differentiation," the document said.
  • The EU also wants to ban social scoring amid criticism that some companies misuse the technology for hiring, giving out loans and other major decisions which can favour privileged groups.
Published 14 Apr, 2021 08:43pm
Hungary in talks to plug expected shortfall in COVID-19 vaccine deliveries
Europe

Hungary in talks to plug expected shortfall in COVID-19 vaccine deliveries

  • "Inoculations require vaccines and we know that another one of the shots ordered by Brussels will be missing, the (Johnson & Johnson) vaccine will not arrive. That means half a million fewer shots," Gergely Gulyas told an online briefing.
  • The EMA, the EU's regulator, says it continues to believe the benefits of the vaccines far outweigh the risks of side effects.
Published 15 Apr, 2021 04:18pm
Irish house prices rise 3pc year-on-year in February
Europe

Irish house prices rise 3pc year-on-year in February

  • The government shut most building sites in late December and only allowed housebuilding to resume this week. Prices in February rose by 1.2% year-on-year in Dublin and were 4.7% higher across the rest of the country.
Published 15 Apr, 2021 04:45pm
Italy reports 469 coronavirus deaths on Wednesday, 16,168 new cases
Europe

Italy reports 469 coronavirus deaths on Wednesday, 16,168 new cases

  • Italy has registered 115,557 deaths linked to COVID-19 since its outbreak emerged in February last year, the second-highest toll in Europe after Britain and the seventh-highest in the world. The country has reported 3.81 million cases to date.
  • Patients in hospital with COVID-19 - not including those in intensive care - stood at 26,369 on Wednesday, down from 26,952 a day earlier.
Published 14 Apr, 2021 08:51pm
EU's von der Leyen says EU to receive 50mn more Pfizer shots in Q2
Europe

EU's von der Leyen says EU to receive 50mn more Pfizer shots in Q2

  • Ursula von der Leyen said the earlier deliveries, which will start this month, will take total supplies to the EU from Pfizer to 250 million doses in the second quarter of this year.
  • She also confirmed the Commission was in talks with the two companies for a new contract for 1.8 billion doses to be delivered in 2022 and 2023, confirming a Reuters report last week.
Published 14 Apr, 2021 05:32pm
Denmark to ditch AstraZeneca shot, delaying vaccine rollout
Europe

Denmark to ditch AstraZeneca shot, delaying vaccine rollout

  • The decision, which would remove the shot from Denmark's vaccination scheme, could delay the country's vaccine rollout by up to four weeks, based on previous statements by health bodies.
  • A spate of countries across the world, including France and Germany, have resumed administering the shot to some age groups, mostly those above 50 or 60.
Published 14 Apr, 2021 04:14pm
Too early to say which countries open for British travellers
Europe

Too early to say which countries open for British travellers

  • "It wouldn't be right for me to speculate as to which countries in which areas of the world are likely to be on which list. We will have to look at the right time, it's too early to say at the moment," Courts told a parliamentary committee.
Published 14 Apr, 2021 06:09pm
Laschet stands his ground in Merkel succession showdown
Europe

Laschet stands his ground in Merkel succession showdown

  • "I have no sign of movement in any of the candidates so far," said one CDU lawmaker who supports Soeder.
  • The rivals to succeed Merkel, who is stepping down after a Sept. 26 federal election, went head to head on Tuesday to win the support of lawmakers, exposing deep rifts within the parliamentary bloc.
Published 14 Apr, 2021 05:40pm
EU countries move towards COVID passes to reopen summer travel
Europe

EU countries move towards COVID passes to reopen summer travel

  • The 27 EU member states "underlined their commitment to have the framework ready by the summer of 2021," said a document endorsed by national envoys and seen by Reuters.
  • EU countries are working in parallel to ensure "that the necessary technological solutions are in place", the EU27 decision read, so that the new digital or paper certificates can be put to use once approved.
Published 14 Apr, 2021 05:42pm