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Business & Finance

India’s budget likely to raise major subsidies by 8% to $47bn in next fiscal

NEW DELHI: India is likely to raise spending on food, fertiliser, and cooking gas subsidies to 4.1 trillion rupees...

Published 22 Jan, 2025 03:38pm

Markets

Selling continues, KSE-100 loses over 1,400 points

Selling pressure continued at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index lost over 1,400...

Published 22 Jan, 2025 02:42pm

Markets

European stocks extend gains as Adidas propels DAX to record high

European stocks extended their recent run of gains on Wednesday, with strong holiday-quarter performance from Adidas...

Published 22 Jan, 2025 02:25pm

Markets

Russian rouble strengthens to below 99 to the US dollar

MOSCOW: The Russian rouble strengthened to below 99 to the US dollar amid market optimism over easing tensions...

Published 22 Jan, 2025 02:23pm

World

Ukraine’s Zelenskiy meets German opposition leader Merz

KYIV: Ukrainian President Volodymyr Zelenskiy said on Wednesday that he met with German opposition leader Friedrich...

Published 22 Jan, 2025 02:22pm

Business & Finance

ECB’s Stournaras sees rates approaching 2% by year end, Trump tariffs could speed cuts

European Central Bank policymaker Yannis Stournaras expects the ECB to reduce interest rates gradually towards 2% by...

Published 22 Jan, 2025 02:21pm

Markets

Gold price per tola gains Rs4,250 in Pakistan

Gold prices in Pakistan registered a massive increase on Wednesday in line with their rise in international rates....

Published 22 Jan, 2025 02:09pm

Sports

Soccer Struggling Dortmund sack coach Sahin after four-game losing run in 2025

BERLIN: Borussia Dortmund have fired coach Nuri Sahin, the German soccer club said on Wednesday, after Tuesday’s...

Published 22 Jan, 2025 02:00pm

Sports

Stuttgart stay in playoff hunt with 3-1 win in Bratislava

VfB Stuttgart’s Jamie Leweling scored twice and Fabian Rieder added a third as they beat Slovan Bratislava 3-1 on...

Published 22 Jan, 2025 01:57pm

Sports

France’s Matthieu Pavon back to defend historic Farmers win

Matthieu Pavon knocked in an 8-foot birdie putt on the 72nd hole of the Farmers Insurance Open last January and made...

Published 22 Jan, 2025 01:49pm

Business & Finance

Honda Atlas Cars’ profit-after-tax up 295% YoY in Oct-Dec

Honda Atlas Cars (Pakistan) Limited (HCAR) registered a profit of Rs566.4 million in the quarter ended December 31...

Updated 22 Jan, 2025 03:32pm

World

Hamas’ tight grip on Gaza complicates plan for lasting peace

CAIRO: In neighbourhoods levelled by 15 months of war with Israel, Hamas officials are overseeing the clearance of...

Published 22 Jan, 2025 01:19pm

Markets

Prices of Canadian, WTI crude to Asia jump after shipping rates rally, sources say

SINGAPORE/HOUSTON: Prices of Canadian and US West Texas Intermediate crude oil to Asia jumped after shipping costs...

Published 22 Jan, 2025 01:07pm

World

Nepal sharply hikes permit fee for Everest climbers

KATHMANDU: Nepal will increase the permit fees for climbing Mount Everest by more than 35%, making the world’s...

Published 22 Jan, 2025 01:05pm

Sports

Iga Swiatek charges into Australian Open semi-finals

MELBOURNE: A rampaging Iga Swiatek stormed into her second Australian Open semi-final with a 6-1 6-2 centre court...

Published 22 Jan, 2025 01:00pm

Markets

Dalian iron ore snaps nine-day winning streak on Trump tariff concerns

SINGAPORE: Iron ore futures prices declined on Wednesday, weighed down by concerns that US President Donald Trump...

Published 22 Jan, 2025 12:57pm

World

South Korea’s birth rate set to rise for the first time in nine years

SEOUL: South Korea’s birth rate is set to show a rise in 2024 for the first time in nine years, following a rebound...

Published 22 Jan, 2025 12:56pm

Markets

Vietnam raises $323mn in govt bond auction, filing shows

HANOI: Vietnam’s State Treasury raised 8.15 trillion dong ($323 million) in a government bond auction on Wednesday,...

Published 22 Jan, 2025 12:53pm

Markets

South African rand stable ahead of inflation, retail sales data

JOHANNESBURG: South Africa’s rand was little changed early on Wednesday, ahead of domestic inflation and retail...

Published 22 Jan, 2025 12:51pm

Markets

Japan’s shorter-dated bond yields rise as market braces for BOJ rate hike

TOKYO: Yields on shorter-end Japanese government bonds (JGBs) rose to a one-week high on Wednesday as the market...

Published 22 Jan, 2025 12:48pm

Markets

South Korea’s NOFI tenders for up to 60,000 T feed wheat, traders say

HAMBURG: Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up...

Published 22 Jan, 2025 12:47pm

Technology

Google to invest fresh $1bn in OpenAI rival Anthropic, FT reports

Google is making a fresh investment of more than $1 billion into AI startup Anthropic, the Financial Times reported...

Published 22 Jan, 2025 12:42pm

Markets

TotalEnergies further delays $20 bln Mozambique LNG project, FT reports

France’s TotalEnergies has further delayed its $20 billion liquefied natural gas (LNG) project in Mozambique, citing...

Published 22 Jan, 2025 12:39pm

World

Sri Lanka, China agree to fast-track Sinopec’s $3.7bn refinery in Hambantota

COLOMBO: Sri Lanka’s foreign minister said on Wednesday that the island nation has signed an agreement with China to...

Published 22 Jan, 2025 12:38pm

Markets

Palm retreats on weak export demand, stronger ringgit

JAKARTA: Malaysian palm oil futures snapped a three-session rally on Wednesday, weighed down by cargo surveyor data...

Published 22 Jan, 2025 12:36pm

Markets

China and Hong Kong stocks tumble on Trump’s tariff threats

HONG KONG: China and Hong Kong stocks fell on Wednesday after US President Donald Trump hinted at new tariffs on...

Published 22 Jan, 2025 12:35pm

Markets

Soy, corn and wheat dip after no-tariff rally

CANBERRA: Chicago corn, soybean and wheat futures dipped on Wednesday, after rallying in the previous session when...

Published 22 Jan, 2025 12:34pm

Markets

Yuan falls as Trump hints at new tariffs on Chinese imports

SHANGHAI: China’s yuan fell against the US dollar on Wednesday following President Donald Trump’s hint of potential...

Published 22 Jan, 2025 12:33pm

Pakistan

Pakistan ‘moving in the right direction,’ Aurangzeb asserts at WEF

Finance minister says govt focused on reducing expenditures, debt servicing volume

Updated 22 Jan, 2025 03:43pm

Markets

South Korean shares rise as investors assess Trump’s tariff plans

SEOUL: Round-up of South Korean financial markets: South Korean shares erase early gains as traders eye Trump’s...

Published 22 Jan, 2025 11:59am

World

Lukashenko seeks easing of Belarus isolation as he extends his long rule

Five candidates’ names will appear on the ballot for a presidential election in Belarus on Sunday, but for the past...

Published 22 Jan, 2025 11:41am

Life & Style

Wealthy Indians tap into bathroom luxury with $18,500 smart toilets

MUMBAI: In India’s polluted northern city of Kanpur, Rajat Ghai has a penchant for Rado watches and Louis Vuitton...

Updated 22 Jan, 2025 03:14pm

Markets

Gold climbs to 11-week peak on Trump policy jitters, soft dollar

Gold prices hit an over 11-week peak on Wednesday, not far from an all-time peak touched last year, boosted by safe...

Published 22 Jan, 2025 11:28am

World

Clash of the handouts as Modi’s BJP seeks to reclaim Delhi after decades

NEW DELHI: Having unexpectedly won two Indian state votes late last year, in big part due to a slew of handouts,...

Published 22 Jan, 2025 11:25am

World

Quad foreign ministers meet in Washington in signal of Trump’s China focus

WASHINGTON: The United States, Australia, India and Japan recommitted to working together on Tuesday, after the...

Published 22 Jan, 2025 11:20am

Markets

Australia, NZ dollars buffeted by tariff talk; NZ inflation benign

SYDNEY: The Australian and New Zealand dollars were again buffeted by uncertainty over US tariff policy on...

Published 22 Jan, 2025 11:10am

Markets

India bonds search for direction with focus on US Treasuries

MUMBAI: Indian government bond yields were little changed early on Wednesday as traders await fresh triggers, while...

Published 22 Jan, 2025 11:08am

Markets

Japan’s Nikkei rises as tech shares gain on AI investment plans

TOKYO: Japan’s Nikkei share average rose on Wednesday, as investors scooped up SoftBank Group and other technology...

Published 22 Jan, 2025 11:06am

Markets

Bubs Australia soars after swinging to profitability in half-year earnings

Shares of infant formula maker Bubs Australia surged on Wednesday after the company reported a return to...

Published 22 Jan, 2025 11:01am

Markets

Malaysian ringgit hits 6-week high ahead of central bank decision

Malaysia’s currency hit a six-week high and stocks advanced for a fourth straight session on Wednesday ahead of a...

Published 22 Jan, 2025 10:54am

Business & Finance

Mari Energies to acquire 5% stake in Kohesultan Mining Company

Mari Energies Limited (MARI), formerly Mari Petroleum Company Limited, has entered into a definitive agreement to...

Updated 22 Jan, 2025 03:14pm

Markets

Intra-day update: rupee registers marginal improvement against US dollar

Currency hovers at 278-279 level in inter-bank market

Published 22 Jan, 2025 10:15am

Markets

India’s benchmark indexes open marginally higher

India’s benchmark indexes opened marginally higher on Wednesday, after hitting a more than seven-month low in the...

Published 22 Jan, 2025 09:06am

Sports

Keys overpowers Svitolina to reach Australian Open semi-finals

MELBOURNE: Madison Keys blasted her way into the Australian Open semi-finals for a third time with characteristic...

Published 22 Jan, 2025 09:02am

Business & Finance

Japan wage growth gathers steam as reluctant retailers raise pay

TOKYO: Japan’s retailers, typically among the most tight-fisted of employers, are offering big pay increases for a...

Published 22 Jan, 2025 08:58am

Markets

Indian rupee set to rise at open, alongside Asian peers, before facing resistance

MUMBAI: The Indian rupee will likely inch up at the open on Wednesday, tracking an uptick in most of its Asian...

Published 22 Jan, 2025 08:49am

Business & Finance

Morgan Stanley’s bonus payouts for star Asia bankers to jump by up to 50%, sources say

HONG KONG: Morgan Stanley’s top-performing investment bankers and traders in Asia will see up to a 50% increase in...

Published 22 Jan, 2025 08:47am

World

Indonesia resumes search for 13 missing after deadly landslide in Central Java

JAKARTA: Indonesian rescuers on Wednesday were searching for 13 people missing after a landslide in Central Java...

Published 22 Jan, 2025 08:42am

Life & Style

TikTok users anxiously await its return to US app stores

Three days after ByteDance’s TikTok went dark and then was quickly revived in the United States, users that deleted...

Published 22 Jan, 2025 08:34am

World

Turkiye ski resort fire kills 76, guests forced to jump from windows

KARTALKAYA: A fire at a ski resort hotel in Turkeiye Bolu mountains killed 76 people and injured dozens on Tuesday,...

Published 22 Jan, 2025 08:28am

World

Donald Trump stirs tariff pot with fresh threats on EU, Feb 1 China deadline

WASHINGTON: U.S. President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his...

Published 22 Jan, 2025 08:22am

Technology

TikTok owner ByteDance plans to spend $12 bln on AI chips in 2025, FT reports

ByteDance is placing a big bet on artificial intelligence (AI) infrastructure as the TikTok parent plans to spend...

Published 22 Jan, 2025 08:14am

Business & Finance

Netflix shares soar on price hikes and record subscriber gains

Netflix reaffirmed its dominance of the streaming video market on Tuesday, as its mixture of live sporting events,...

Published 22 Jan, 2025 08:10am

Markets

Stocks bask in Trump glow, tariff uncertainty weighs on dollar

SYDNEY/NEW YORK: Global stocks gained on Wednesday as a flurry of new policies from U.S. President Donald Trump...

Published 22 Jan, 2025 08:06am

Technology

Microsoft relaxes data center grip on OpenAI amid $500 bln joint venture

Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a...

Published 22 Jan, 2025 08:00am

BR Research

Imports under pressure

The import pressure is gradually increasing. There is no immediate strain on the currency per se, but demand is...

Published 22 Jan, 2025 07:58am

Markets

Dollar drifts lower as traders ponder Trump tariff plans

TOKYO: The dollar drifted slightly lower on Wednesday in indecisive trading as a lack of clarity on President Donald...

Published 22 Jan, 2025 07:56am

BR Research

Citi Pharma Limited

Citi Pharma Limited (PSX: CPHL) was incorporated in Pakistan as a private limited company in 2012 and was converted...

Published 22 Jan, 2025 07:56am

Markets

Oil extends drop as investors watch Trump 2.0 policies

SINGAPORE: Oil prices dipped on Wednesday extending the previous session’s declines as markets weighed US President...

Updated 22 Jan, 2025 02:50pm

Pakistan

Minister for taking strict action against sugar hoarders

ISLAMABAD: Federal Minister for Industries and Production Rana Tanveer Hussain chaired an important meeting of the...

Published 22 Jan, 2025 07:48am

Pakistan

Punjab, Argentina to promote cultural exchanges: Azma

LAHORE: Punjab Information Minister Azma Bokhari held a meeting with the Argentine Ambassador to discuss...

Published 22 Jan, 2025 07:47am

Pakistan

27 buses powered by solar energy to run on Lahore’s roads

LAHORE: The Punjab government has decided to introduce 27 smoke-free electric buses in Lahore by the end of this...

Published 22 Jan, 2025 07:46am

Pakistan

Customs dept fails to establish use of oil tanker in diesel smuggling

LAHORE: the Customs department has failed to establish use of an oil tanker in smuggling of diesel, as the relevant...

Published 22 Jan, 2025 07:44am

Pakistan

Extremism at its peak in Punjab University: PPP

LAHORE: General Secretary Pakistan People’s Party Central Punjab Syed Hassan Murtaza on Tuesday said that ...

Published 22 Jan, 2025 07:43am

Pakistan

Plea seeking to restrain former judge Zahid from working rejected

LAHORE: Justice Ahmad Nadeem Arshad of the Lahore High Court on Tuesday rejecting the plea to restrain a former ...

Published 22 Jan, 2025 07:40am

Pakistan

UHS, UNICEF, PHS join hands for nutrition reforms in Punjab

LAHORE: The University of Health Sciences (UHS), Directorate General Health Services Punjab, and UNICEF Punjab have...

Published 22 Jan, 2025 07:38am

Pakistan

Opposition concerned at alarming rise in cases of sexual violence

LAHORE: Opposition leader in Punjab Assembly Malik Ahmed Khan Bachhar has expressed deep concern over the alarming...

Published 22 Jan, 2025 07:38am

Pakistan

Global Hub Girls’ Cadet College Malir: Aseefa inaugurates ‘Shaheed Benazir Bhutto Block’

KARACHI: The inauguration of the Shaheed Benazir Bhutto Block at Global Hub Girls’ Cadet College Malir was graced...

Published 22 Jan, 2025 07:35am

Pakistan

Advanced technologies: Punjab govt for more collaboration with China

LAHORE: The Punjab Secretary of Agriculture, Iftikhar Ali Sahoo, has called for strengthened collaboration between...

Published 22 Jan, 2025 07:32am

Pakistan

Opposition’s resolution seeking student union elections rejected

KARACHI: The dominant treasury voted out an opposition’s resolution calling for the immediate conduct of students...

Published 22 Jan, 2025 07:24am

Business & Finance

1HFY2024-25: Mobile phones worth $733.425m imported

ISLAMABAD: The country imported mobile phones worth $733.425 million in the first half (July-December) of the ...

Published 22 Jan, 2025 07:21am

Pakistan

Govt reaffirms its commitment against poliovirus, speaks of close collaboration with partners

ISLAMABAD: The government reaffirmed its commitment to eradicating poliovirus from the country with the close...

Published 22 Jan, 2025 07:18am

Pakistan

Bilawal holds separate meetings with PPP leaders

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari, on Tuesday, held separate meetings with his...

Published 22 Jan, 2025 07:15am

Pakistan

Opposition members protest in NA

ISLAMABAD: The federal government faced difficulties in running the business of the National Assembly as the ...

Published 22 Jan, 2025 07:15am

Pakistan

Afghan national killed in Zhob: body handed over to Kabul

ISLAMABAD: Pakistan handed over the body of an Afghan national involved in terrorist activities within Pakistan, to...

Published 22 Jan, 2025 07:15am

Pakistan

KE condemns attack on staff

KARACHI: K-Electric strongly condemned the violent attack on its staff by nearly area residents during an operation...

Published 22 Jan, 2025 07:12am

Pakistan

Zardari greets Trump

ISLAMABAD: President Asif Ali Zardari has congratulated Donald Trump on assuming the office as the 47th President of...

Published 22 Jan, 2025 07:08am

Pakistan

Whether an administrative order can take jurisdiction of bench, asks SC

ISLAMABAD: The Supreme Court raising concern over the independence of benches questioned whether an administrative...

Published 22 Jan, 2025 07:07am

Pakistan

PTI’s demands: govt forms a sub-committee

ISLAMABAD: Amid a looming deadlock in talks between the ruling coalition and Pakistan Tehreek-e-Insaf (PTI), the...

Published 22 Jan, 2025 07:06am

Pakistan

PPP deplores delay in establishing Minorities Commission

ISLAMABAD: The Human Rights Cell of the Pakistan Peoples Party (PPP) has deplored the inordinate delay in the ...

Published 22 Jan, 2025 07:03am

Business & Finance

70,000 new firms join Dubai Chamber of Commerce, of which more than 6,000 are Pakistani

DUBAI: The number of new companies joining the Dubai Chamber of Commerce continued to soar as the figure hit 70,000...

Published 22 Jan, 2025 06:26am

Editorials

Controlling smuggling

EDITORIAL: Prime Minister Shehbaz Sharif’s call for enhanced technological measures to check smuggling is not only...

Published 22 Jan, 2025 06:15am

World

Trump reinstates Cuba on state sponsor of terror list

WASHINGTON: US President Donald Trump on Monday promptly reversed Joe Biden’s decision to remove Cuba from a...