News Archives for Latest - 2024-07-03

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Archive - 2024-07-03

Biden 'absolutely not' withdrawing from race: spokeswoman

WASHINGTON: Joe Biden is "absolutely not" pulling out of the White House race, his spokeswoman said Wednesday, as...

Published 03 Jul, 2024 11:30pm

Militia in eastern DR Congo kill four Chinese nationals: local sources

BUNIA: At least four Chinese nationals were killed on Wednesday morning in an attack on a mining site in the...

Published 03 Jul, 2024 11:18pm

South Asia

Nepal PM loses majority after coalition partner quits

KATHMANDU: Embattled Nepali Prime Minister Pushpa Kamal Dahal lost his government's majority Wednesday after his key...

Published 03 Jul, 2024 10:51pm

ECP protest case: Islamabad court acquits Imran, Qureshi

A district and sessions court acquitted on Wednesday Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and former...

Updated 03 Jul, 2024 08:24pm

Middle East

Hezbollah says Israeli strike kills senior commander

BEIRUT: Hezbollah said an Israeli strike Wednesday killed a senior commander from the group in south Lebanon, the...

Published 03 Jul, 2024 07:28pm

South Asia

Taliban praises ‘spirit of cooperation’ of UN talks

KABUL: The Taliban government praised on Wednesday the “spirit of cooperation” towards Afghanistan in UN-led talks...

Published 03 Jul, 2024 07:19pm

Europe

Putin hails stronger-than-ever ties with China

ASTANA: Russian President Vladimir Putin told Chinese leader Xi Jinping on Wednesday that relations between Beijing...

Published 03 Jul, 2024 07:11pm

Forex

Rupee largely stable against US dollar

Currency settles at 278.40 against the greenback in inter-bank market

Updated 03 Jul, 2024 07:03pm

Former senator Hidayat Ullah, two others killed in Bajaur blast

Hidayatullah was traveling for an election campaign when his vehicle was targeted

Updated 03 Jul, 2024 07:02pm

PM Shehbaz seeks barter trade revival with Russia in meeting with Putin

Says positive trajectory of Pak-Russia relations is a matter of 'great comfort'

Updated 03 Jul, 2024 07:02pm

Stocks

Wall St poised to open lower ahead of more economic data, Fed minutes

Wall Street was set to open slightly lower on Wednesday ahead of a holiday-shortened trading session, as investors...

Published 03 Jul, 2024 07:02pm

Stocks

Most Gulf markets gain on US rate cut bets

Most stock markets in the Gulf ended higher on Wednesday as comments from Federal Reserve Chair Jerome Powell...

Published 03 Jul, 2024 06:57pm

Europe

NATO members pledge 40 billion euros in military aid for Ukraine, diplomats say

BRUSSELS: NATO allies have agreed to fund military aid for Ukraine with 40 billion euros ($43 billion) next year,...

Published 03 Jul, 2024 06:36pm

MENA

Saudi Arabia eases visa requirements for Pakistani travellers

Saudi Arabia has eased tourist visa requirements for Pakistan with immediate effect where applicants can now submit...

Published 03 Jul, 2024 06:21pm

Movies & Music

‘Bridgerton’ Season 3 becomes Netflix’s 10th biggest English-language series ever

Series has drawn 91.9 million views so far since its premiere

Updated 03 Jul, 2024 05:58pm

South Asia

Taliban discussed prisoner exchange with US: Afghan govt

KABUL: Two American prisoners were being held in custody in Afghanistan, a Taliban government spokesman said...

Published 03 Jul, 2024 05:29pm

Business & Economy

Pakistan ‘addressing’ potential bidders’ concern over PIA safety ban

ISLAMABAD: Pakistan’s Privatisation Commission is addressing concerns voiced by those qualified to bid for the...

Published 03 Jul, 2024 05:15pm

Business & Economy

Mari Mining receives licences for exploration of minerals in Chagai

Mari Mining Company (Pvt) Limited (MMC), a wholly-owned subsidiary of Mari Petroleum Company Limited (MARI), has...

Updated 03 Jul, 2024 05:11pm

Stocks

Record high closing: KSE-100 index settles at 80,234

The Pakistan Stock Exchange (PSX) continued with its winning run as the benchmark KSE-100 index settled above the...

Updated 03 Jul, 2024 05:11pm

South Asia

Khamenei says turnout in presidential election was ‘lower than expected’

DUBAI: Iran’s Supreme Leader Ali Khamenei said on Wednesday that the turnout in the first round of the country’s...

Published 03 Jul, 2024 05:10pm

Luxury

Experience the Taj lifestyle: living in luxury and comfort

The Sardar Group of Companies has long been an innovator in Pakistan’s luxury real estate market. With the success...

Published 03 Jul, 2024 04:58pm

Stocks

HDFC Bank leads Indian shares to record closing highs

BENGALURU: Indian shares logged record closing highs on Wednesday led by gains in top private lender HDFC Bank, as...

Published 03 Jul, 2024 04:57pm

Stocks

Sri Lanka shares fall as energy and IT stocks drop

CSE All Share index settled down 0.67% at 12,037.14

Published 03 Jul, 2024 04:54pm

Commodities

Russian firms raise zinc output to meet government demand

LONDON: Russian firms have boosted zinc metal production over the past month to benefit from rising state demand and...

Published 03 Jul, 2024 04:52pm

Commodities

Palm snaps five-session rally on likely profit taking

JAKARTA: Malaysian palm oil futures declined on Wednesday, snapping five consecutive sessions of gains, on likely...

Published 03 Jul, 2024 04:47pm

Business & Economy

Pakistan has met all requirements for IMF bailout deal, finance official says

Malik says no major issues left to address as Pakistan seeks over $6bn bailout

Updated 03 Jul, 2024 04:41pm

Making third straight final would be a dream, says Jabeur

Tunisian 10th seed Ons Jabeur said she is dreaming of reaching a third straight Wimbledon final this month and that...

Updated 03 Jul, 2024 03:54pm

Travel

Athens Acropolis introduces private visits for 5,000 euros

ATHENS: The Acropolis in Athens, one of the world’s most visited ancient monuments, has begun offering private...

Updated 03 Jul, 2024 03:41pm

Energy

Oil prices steady after large US crude inventory draw

Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in US...

Updated 03 Jul, 2024 03:38pm

Forex

Kenyan shilling shrugs off tax protest uncertainty, firms slightly

The Kenyan shilling shrugged off uncertainty caused by nationwide anti-government protests and firmed slightly on...

Published 03 Jul, 2024 02:54pm

Forex

Ugandan shilling firms on slump in importer, banks’ FX appetite

KAMPALA: The Ugandan shilling traded firmer on Wednesday, helped by a slump in demand for hard currency from both...

Published 03 Jul, 2024 02:49pm

South Asia

India plans to hike rural housing subsidies to over $6.5bn after election setback, sources say

NEW DELHI: India plans to increase state subsidies on rural housing in the upcoming federal budget by as much as 50%...

Published 03 Jul, 2024 02:47pm

Europe

Boris Johnson tries to fire up flagging campaign as UK election looms

LONDON: Ex-prime minister Boris Johnson tried to rally the Conservative party faithful as UK politicians on...

Published 03 Jul, 2024 02:39pm

Movies & Music

Ambanis host mass wedding for over 50 underprivileged couples

Asia’s richest man – Indian billionaire Mukesh Ambani – along with his family hosted a mass wedding for 50...

Published 03 Jul, 2024 02:25pm

Commodities

Gold price per tola increases Rs800 in Pakistan

After remaining unchanged in the previous session, gold prices improved in Pakistan on Wednesday in line with an...

Published 03 Jul, 2024 02:31pm

Europe

Russian attacks on Kharkiv region kill one, injure four

KYIV: One person was killed and another four wounded in Russian attacks in Ukraine’s northeastern Kharkiv region on...

Published 03 Jul, 2024 01:40pm

Asia

China supports Kazakhstan joining BRICS, President Xi says

BEIJING: China’s President Xi Jinping said he supports Kazakhstan joining the BRICS group, Chinese state media...

Published 03 Jul, 2024 01:37pm

Forex

South African rand gains as Ramaphosa’s new government takes shape

JOHANNESBURG: The South African rand strengthened on Wednesday ahead of the swearing-in ceremony of ministers in...

Published 03 Jul, 2024 01:33pm

Forex

Rouble firms against dollar in relatively narrow trading range

MOSCOW: The rouble firmed against the dollar on Wednesday, trading in its narrowest range since new US sanctions on...

Published 03 Jul, 2024 01:29pm

Stocks

London stocks rebound on gains in metal miners ahead of elections

London stocks rebounded on Wednesday, led by a rise in metal miners and renewed hopes of US interest rate cuts, but...

Published 03 Jul, 2024 01:10pm

Stocks

European shares rise after Powell’s dovish comments; focus on elections

European shares rose on Wednesday as investors welcomed dovish comments from Federal Reserve Chair Jerome Powell and...

Published 03 Jul, 2024 01:08pm

Demiral double sends Turkiye into Euro 2024 quarters at Austria’s expense

LEIPZIG: Merih Demiral was Turkiye unlikely hero with both goals in a 2-1 win over Austria on Tuesday that booked...

Published 03 Jul, 2024 12:42pm

South Asia

Reformist, ultraconservative in Iran presidential runoff

TEHRAN: Iranians will vote on Friday in a presidential runoff pitting the reformist Masoud Pezeshkian against...

Published 03 Jul, 2024 12:23pm

South Asia

Floods kill four in India after heavy rains

GUWAHATI: Torrential rains in northeast India have sparked heavy flooding killing at least four people, government...

Published 03 Jul, 2024 12:20pm

MENA

Palestinian Authority says four killed in Israeli strike in West Bank

OCCUPIED JERUSALEM: An Israeli air strike killed four people in the occupied West Bank, the Palestinian Authority...

Published 03 Jul, 2024 12:06pm

USA

Joe Biden, Netanyahu expected to meet in Washington during Israeli PM’s July visit

WASHINGTON: US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu are expected to meet in Washington...

Updated 03 Jul, 2024 11:54am

Copa America quarter-final draw

MIAMI: Draw for 2024 Copa America quarter-finals after conclusion of first round on Tuesday: Thursday July 4 At...

Published 03 Jul, 2024 11:54am

Europe

Vladimir Putin arrives in Kazakhstan for Russia-China dominated SCO summit

Russia’s President Vladimir Putin arrived in Kazakhstan on Wednesday for regional security and defence talks, the...

Published 03 Jul, 2024 11:40am

Europe

Ukraine not ready to compromise with Russia, says Zelenskiy aide

WASHINGTON: Ukraine is not ready to compromise with Russia and give up any territory to end the war, a senior...

Published 03 Jul, 2024 11:29am

Commodities

Palm oil opens low tracking soyoil prices at Chicago Board of Trade

JAKARTA: Malaysian palm oil futures opened down on Wednesday, snapping five consecutive session of gains, tracking...

Published 03 Jul, 2024 11:23am

Asia

Malaysia’s Najib loses legal bid to serve sentence under house arrest

KUALA LUMPUR: A Malaysian court dismissed jailed former Prime Minister Najib Razak’s legal bid to obtain a document...

Published 03 Jul, 2024 11:21am

Forex

Australian dollar inches up on upbeat retail data, kiwi struggles

SYDNEY: The Australian dollar edged up against the US dollar on Wednesday as domestic data on retail spending...

Published 03 Jul, 2024 11:06am

South Asia

Major stampedes in India over the years

At least 121 people, most of them women and children, died in a stampede at a Hindu religious congregation in...

Published 03 Jul, 2024 11:03am

Julian Alvarez, Otamendi named in Argentina squad for Olympics

Argentina have named Julian Alvarez and Nicolas Otamendi in their squad for the Olympic Games in Paris despite both...

Published 03 Jul, 2024 10:55am

South Asia

At least 121 people, mostly women, killed in stampede at India’s Hathras

HATHRAS: The death toll from a stampede at a Hindu religious congregation in northern India has risen to 121, news...

Published 03 Jul, 2024 10:48am

Bullion Rate

Gold flat as investors focus on Fed minutes

Gold prices were flat on Wednesday as investors awaited minutes of the Federal Reserve’s last policy meeting for...

Published 03 Jul, 2024 10:45am

Energy

UAE’s non-oil business growth slows in June, PMI shows

Growth in the United Arab Emirates’ non-oil private sector slowed in June with weaker job creation and an easing in...

Published 03 Jul, 2024 10:42am

Europe

Russia says it downed 10 Ukraine-launched air drones, two sea drones

Russia’s defence systems destroyed 10 air drones that Ukraine launched at Russian territory, as well as two sea...

Published 03 Jul, 2024 10:37am

World Bank cuts 2024 Thai GDP growth outlook to 2.4% on weaker exports

BANGKOK: Thailand’s economy is expected to grow 2.4% this year, down from the 2.8% expansion projected in April,...

Published 03 Jul, 2024 10:35am

Costa Rica beat Paraguay but exit Copa America as Colombia, Brazil advance

AUSTIN: Costa Rica scored two early goals to beat Paraguay 2-1 in their final Copa America Group D match on Tuesday...

Published 03 Jul, 2024 10:33am

Stocks

Asia stocks gain on rate cut wagers, yen stays near 38-year lows

SINGAPORE: Asian stocks rose on Wednesday as comments from Fed Chair Jerome Powell reinforced expectations that US...

Published 03 Jul, 2024 10:28am

Minority stakes sell: PM directs Petroleum, Finance divisions to prepare plan

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Petroleum Division and Finance Division to prepare a...

Updated 03 Jul, 2024 10:26am

PIA, HBFCL, others: sell-off timeline issued

Transactions expected to be finalised in the first quarter of the current fiscal year (2024-25)

Updated 03 Jul, 2024 10:25am

Mutual Funds

Indian bond yields slightly down as US peers come off highs

MUMBAI: Indian government bond yields were marginally down early on Wednesday amid a pullback in US Treasury yields,...

Published 03 Jul, 2024 10:25am

Forex

Indian rupee may dip amid little relief for Asian peers from Powell’s remarks

MUMBAI: The Indian rupee is expected to open marginally weaker or flat on Wednesday as comments from the Federal...

Published 03 Jul, 2024 10:23am

Commodities

Corn and soybeans inch higher as traders eye US crop conditions

CANBERRA: Chicago corn and soybean futures edged up on Wednesday and were hovering above multi-year lows as concerns...

Published 03 Jul, 2024 10:21am

Stocks

Miners lead Australian shares higher

Australian shares rose on Wednesday, led by gains in miners, while Federal Reserve Chair Jerome Powell struck a...

Published 03 Jul, 2024 10:18am

Stocks

Indian shares set to open higher; HDFC Bank in focus

BENGALURU: Indian shares are likely to open higher on Wednesday, tracking Asian peers, while top private lender HDFC...

Published 03 Jul, 2024 10:11am

Stocks

Japan’s Nikkei rises as tech stocks track US growth shares higher

TOKYO: Japan’s Nikkei share average rose on Wednesday as heavyweight technology stocks tracked US megacap growth...

Published 03 Jul, 2024 10:08am

Commodities

Copper steadied ahead of economic data release

BEIJING: Copper prices steadied on Wednesday as the US dollar softened, while investors awaited some key data by...

Published 03 Jul, 2024 10:06am

Forex

Dollar on the defensive amid lower yields, yen hovers near 38-year trough

TOKYO: The dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome...

Published 03 Jul, 2024 10:04am

Forex

China’s yuan slides to seven-month low on weak economic data

HONG KONG: China’s yuan skidded to a seven-month low against the dollar on Wednesday on weak economic data and as...

Published 03 Jul, 2024 09:58am

Sugar export: 100pc receipt of export proceeds in advance made mandatory

KARACHI: The State Bank of Pakistan (SBP) has linked the export of sugar with 100 percent receipt of export proceeds...

Updated 03 Jul, 2024 09:23am

After the end of IMF deal: Reforms agenda will be placed before nation: MoS

ISLAMABAD: The government said on Tuesday that after conclusion of an agreement with the International Monetary Fund...

Updated 03 Jul, 2024 09:21am

Anti-smuggling initiative: FBR extends LEAs’ powers up to June 30, 2025

ISLAMABAD: The Federal Board of Revenue (FBR) has extended anti-smuggling powers of various law enforcement agencies...

Updated 03 Jul, 2024 09:20am

Pakistan, Afghan rulers re-establish contact for talks

ISLAMABAD: Pakistan and the Afghan interim government have made latest contact and agreed to continue high-level...

Updated 03 Jul, 2024 09:19am

FBR, PRAs at loggerheads over harmonization of tax collection

KARACHI: A deepening rift between federal and provincial tax authorities is threatening to undermine efforts to...

Updated 03 Jul, 2024 09:19am

BR’s refresher: your morning briefing for the day

Important updates from July 2, 2024

Published 03 Jul, 2024 09:05am

Islamabad Airport outsourcing: No exemption to ministry from PPRA rules

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has refused to grant special exemption to Ministry of...

Updated 03 Jul, 2024 08:33am

Sale of govt-allotted immovable properties: Scope of WHT exemption expanded

ISLAMABAD: The government has expanded the scope of withholding tax exemption on the sale of government-allotted...

Updated 03 Jul, 2024 08:32am

PM wants expansion of bilateral trade with Tajikistan

DUSHANBE: Prime Minister Muhammad Shehbaz Sharif on Tuesday stressed upon expansion of bilateral trade between...

Updated 03 Jul, 2024 08:31am

There can’t be justice ‘without looking at whole elections’: Justice Mansoor

ISLAMABAD: Justice Syed Mansoor Ali Shah has observed that there cannot be complete justice without looking at the...

Updated 03 Jul, 2024 08:30am

PARTLY FACETIOUS: President has immunity from paying taxes

“Immunity for the President while in office…” “Yeah, I heard the US Supreme Court ruled that President Trump cannot...

Updated 03 Jul, 2024 08:06am

A brief historical perspective: US’ evolving relationships with Jewish people, state

This is a toughie – both sides of the current divide can take umbrage. The current Israel/GAZA war has suspended...

Updated 03 Jul, 2024 08:06am

Consumer end tariff design and National Electricity Plan 2023

Utilities consider investments in generation, transmission, and distribution infrastructure as fixed costs because...

Updated 03 Jul, 2024 07:57am

The FDI mantra & existing investors

Net FDI (foreign direct investment) inflow numbers are clear indicators of a stable environment for investors. High...