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Print - 2015-12-28
Taliban deny talks with Russia on IS in Afghanistan

Taliban deny talks with Russia on IS in Afghanistan

The Taliban have denied they held talks with Russia about countering the spread of Islamic State in Afghanistan, and dismissed the influence of the jihadist group in the country. The insurgents were responding to a statement Wednesday by senior Russian di
Published 28 Dec, 2015 12:00am
Taliban deny talks with Russia on IS in Afghanistan

Taliban deny talks with Russia on IS in Afghanistan

The Taliban have denied they held talks with Russia about countering the spread of Islamic State in Afghanistan, and dismissed the influence of the jihadist group in the country. The insurgents were responding to a statement Wednesday by senior Russian di
Published 28 Dec, 2015 12:00am
Afghan opposition group pressures Ghani on security crisis

Afghan opposition group pressures Ghani on security crisis

Political horse-trading over appointments to Afghan police and army commands has created chaos for security forces fighting the Taliban in strategic areas such as Helmand province, a leading opposition politician said.
Published 28 Dec, 2015 12:00am
Afghan opposition group pressures Ghani on security crisis

Afghan opposition group pressures Ghani on security crisis

Political horse-trading over appointments to Afghan police and army commands has created chaos for security forces fighting the Taliban in strategic areas such as Helmand province, a leading opposition politician said.
Published 28 Dec, 2015 12:00am
Britain sends in more troops after 'unprecedented' floods

Britain sends in more troops after 'unprecedented' floods

Britain's government said Sunday it will send more troops to tackle "unprecedented" flooding in northern England which has forced hundreds to flee their homes, including in the historic tourist city of York. Prime Minister David Cameron made the announcem
Published 28 Dec, 2015 12:00am
Britain sends in more troops after 'unprecedented' floods

Britain sends in more troops after 'unprecedented' floods

Britain's government said Sunday it will send more troops to tackle "unprecedented" flooding in northern England which has forced hundreds to flee their homes, including in the historic tourist city of York. Prime Minister David Cameron made the announcem
Published 28 Dec, 2015 12:00am
Stocks stay flat

Stocks stay flat

Karachi stocks market remained almost flat during the three-day trading week which ended on December 23. The KSE-100 index closed at 32,500.75 points. "Benchmark KSE-100 index remained more or less flat during the week," said analysts at Topline Research.
Published 28 Dec, 2015 12:00am
Stocks stay flat

Stocks stay flat

Karachi stocks market remained almost flat during the three-day trading week which ended on December 23. The KSE-100 index closed at 32,500.75 points. "Benchmark KSE-100 index remained more or less flat during the week," said analysts at Topline Research.
Published 28 Dec, 2015 12:00am
Stocks stay flat

Stocks stay flat

Karachi stocks market remained almost flat during the three-day trading week which ended on December 23. The KSE-100 index closed at 32,500.75 points. "Benchmark KSE-100 index remained more or less flat during the week," said analysts at Topline Research.
Published 28 Dec, 2015 12:00am
Chargeability of sales tax: FBR-provinces controversy irks exporters

Chargeability of sales tax: FBR-provinces controversy irks exporters

Exporters of textile sector are facing both Federal Board of Revenue (FBR) and provincial revenue authorities on the issues of applicability and chargeability of sales tax on certain goods/services under provincial laws and FBR sales tax laws.
Published 28 Dec, 2015 12:00am
Chargeability of sales tax: FBR-provinces controversy irks exporters

Chargeability of sales tax: FBR-provinces controversy irks exporters

Exporters of textile sector are facing both Federal Board of Revenue (FBR) and provincial revenue authorities on the issues of applicability and chargeability of sales tax on certain goods/services under provincial laws and FBR sales tax laws.
Published 28 Dec, 2015 12:00am
Chargeability of sales tax: FBR-provinces controversy irks exporters

Chargeability of sales tax: FBR-provinces controversy irks exporters

Exporters of textile sector are facing both Federal Board of Revenue (FBR) and provincial revenue authorities on the issues of applicability and chargeability of sales tax on certain goods/services under provincial laws and FBR sales tax laws.
Published 28 Dec, 2015 12:00am
Bilawal terms NAP 'N-League Action Plan'

Bilawal terms NAP 'N-League Action Plan'

Chairman of Pakistan People's Party (PPP), Bilawal Bhutto Zardari, Sunday lashed out at PML-N government, claiming that the ruling party is using the National Action Plan (NAP) to victimise opponents instead of curbing terrorism and militancy.
Published 28 Dec, 2015 12:00am
Bilawal terms NAP 'N-League Action Plan'

Bilawal terms NAP 'N-League Action Plan'

Chairman of Pakistan People's Party (PPP), Bilawal Bhutto Zardari, Sunday lashed out at PML-N government, claiming that the ruling party is using the National Action Plan (NAP) to victimise opponents instead of curbing terrorism and militancy.
Published 28 Dec, 2015 12:00am
Prime Minister likely to visit Karachi today

Prime Minister likely to visit Karachi today

Prime Minister Nawaz Sharif is expected to visit Karachi on Monday (December 28) to reduce the tussle between federal and Sindh governments. Sources said that the aim of the prime minister's visit is to reduce the ongoing tension between federal and provi
Published 28 Dec, 2015 12:00am
Prime Minister likely to visit Karachi today

Prime Minister likely to visit Karachi today

Prime Minister Nawaz Sharif is expected to visit Karachi on Monday (December 28) to reduce the tussle between federal and Sindh governments. Sources said that the aim of the prime minister's visit is to reduce the ongoing tension between federal and provi
Published 28 Dec, 2015 12:00am
Rangers' powers: Naik says issue remains unresolved

Rangers' powers: Naik says issue remains unresolved

Pakistan People's Party (PPP) leader Farooq H. Naik on Sunday said that he consulted former President Asif Ali Zardari about the legal aspects of the extension of Rangers' powers in Sindh but they haven't yet decided to move courts against it. The issue o
Published 28 Dec, 2015 12:00am
Rangers' powers: Naik says issue remains unresolved

Rangers' powers: Naik says issue remains unresolved

Pakistan People's Party (PPP) leader Farooq H. Naik on Sunday said that he consulted former President Asif Ali Zardari about the legal aspects of the extension of Rangers' powers in Sindh but they haven't yet decided to move courts against it. The issue o
Published 28 Dec, 2015 12:00am
New 'Star Wars' film hits $1 billion at box office

New 'Star Wars' film hits $1 billion at box office

The new "Star Wars" film has passed the $1 billion mark in global box office sales in record time, Disney said Sunday, as fans of the space epic pack theaters around the world. Twelve days after it first hit screens, "The Force Awakens" has posted an esti
Published 28 Dec, 2015 12:00am
New 'Star Wars' film hits $1 billion at box office

New 'Star Wars' film hits $1 billion at box office

The new "Star Wars" film has passed the $1 billion mark in global box office sales in record time, Disney said Sunday, as fans of the space epic pack theaters around the world. Twelve days after it first hit screens, "The Force Awakens" has posted an esti
Published 28 Dec, 2015 12:00am
Texas tornadoes kill 11 as wild weather lashes US

Texas tornadoes kill 11 as wild weather lashes US

At least 11 people lost their lives as tornadoes tore through Texas, authorities said Sunday, as they searched home to home for possible more victims of the freak storms lashing the southern United States. The rare December twisters that flattened houses
Published 28 Dec, 2015 12:00am
Texas tornadoes kill 11 as wild weather lashes US

Texas tornadoes kill 11 as wild weather lashes US

At least 11 people lost their lives as tornadoes tore through Texas, authorities said Sunday, as they searched home to home for possible more victims of the freak storms lashing the southern United States. The rare December twisters that flattened houses
Published 28 Dec, 2015 12:00am
Iraqi army declares victory over Islamic State in Ramadi

Iraqi army declares victory over Islamic State in Ramadi

Iraq's army said on Sunday it had defeated Islamic State fighters in a provincial capital west of Baghdad, the first major victory for the U.S.-trained force since it collapsed in the face of an assault by the militants 18 months ago. Victory in Ramadi, c
Published 28 Dec, 2015 12:00am
Iraqi army declares victory over Islamic State in Ramadi

Iraqi army declares victory over Islamic State in Ramadi

Iraq's army said on Sunday it had defeated Islamic State fighters in a provincial capital west of Baghdad, the first major victory for the U.S.-trained force since it collapsed in the face of an assault by the militants 18 months ago. Victory in Ramadi, c
Published 28 Dec, 2015 12:00am
German lawmakers irked by Nato plane deployment

German lawmakers irked by Nato plane deployment

A Nato force of reconnaissance planes that includes German personnel will be sent to help Turkey police its border, drawing ire from politicians in Germany who said on Sunday they were not consulted.
Published 28 Dec, 2015 12:00am
German lawmakers irked by Nato plane deployment

German lawmakers irked by Nato plane deployment

A Nato force of reconnaissance planes that includes German personnel will be sent to help Turkey police its border, drawing ire from politicians in Germany who said on Sunday they were not consulted.
Published 28 Dec, 2015 12:00am
Mini dams needed to keep LSM growth momentum

Mini dams needed to keep LSM growth momentum

Pakistan should develop mini dams in hill torrents of Dera Ghazi Khan, Rajanpur and Mianwali districts for hydal power generation as cheap energy is a must to keep the growth momentum of large scale manufacturing (LSM) sector, therefore, the government sh
Published 28 Dec, 2015 12:00am
TDAP chief's involvement in FPCCI affairs flayed

TDAP chief's involvement in FPCCI affairs flayed

Senator Haji Ghulam Ali on Sunday urged Prime Minister Nawaz Sharif to immediately remove chief executive of Trade Development Authority of Pakistan (TDAP) from the post for his alleged involvement in the affairs of Federation of Pakistan Chambers of Comm
Published 28 Dec, 2015 12:00am
POL products' prices: HCCI seeks reduction

POL products' prices: HCCI seeks reduction

The Hyderabad Chamber of Commerce & Industry (HCCI) has supported the demand of Lahore Chamber of Commerce & Industry to reduce petroleum prices by at least Rs 20 per liter. In a press release, HCCI Senior Vice President Turab Ali Khoja said the price of
Published 28 Dec, 2015 12:00am
Proposed Whistle Blower Protection Bill to be placed before Cabinet

Proposed Whistle Blower Protection Bill to be placed before Cabinet

The Whistle Blower Protection Bill, proposed by National Accountability Bureau (NAB), has been approved by Prime Minister and would be placed before Federal Cabinet for further necessary action. The Ministry of Law and Justice had been proposed that Whist
Published 28 Dec, 2015 12:00am
PPP observes BB's death anniversary

PPP observes BB's death anniversary

PPP Peshawar district chapter arranged a big public meeting to observe the 8th death anniversary of Shaheed Benazir Bhutto (SBB) here on Sunday. After a long time, the party succeeded in bringing a large number of its workers to the function who chanted s
Published 28 Dec, 2015 12:00am
Decline in prices of essential food items witnessed

Decline in prices of essential food items witnessed

Prices of vegetable, poultry and other essential kitchen items have plummeted, except rates of pulses, milk and flour still remained on high side in the retail market, according to a weekly survey conducted by Business Recorder here on Sunday. A vi
Published 28 Dec, 2015 12:00am
Private schools asked to establish separate boys, girls sections

Private schools asked to establish separate boys, girls sections

The Standing Committee of Khyber Pakhtunkhwa Assembly on Elementary and Secondary Education Department has directed to make the establishment of separate sections for boys and girls students in private schools obligatory. The directives were issued with m
Published 28 Dec, 2015 12:00am
All set to get hands on shale gas deposits

All set to get hands on shale gas deposits

Necessitated by growing energy needs and steady depletion of producing hydrocarbon resources, government is also diverting resources to get hands on shale gas deposits in the country which are over 10,000 trillion cubic feet (TCF). The public sector compa
Published 28 Dec, 2015 12:00am
Kakar appointed spokesman for Balochistan government

Kakar appointed spokesman for Balochistan government

Anwar-ul-Haq Kakar has been appointed as spokesman for the Balochistan government. It was announced in an official notification issued by the provincial government in Quetta. According to notification, Anwar-ul-Haq Kakar would perform as spokesman for the
Published 28 Dec, 2015 12:00am
Hoodwinking over CPEC not acceptable: Khattak

Hoodwinking over CPEC not acceptable: Khattak

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that federal government is hoodwinking KP over the China-Pakistan Economic Corridor (CPEC), by offering a single road which is not acceptable to them. He said that they did not need s single road,
Published 28 Dec, 2015 12:00am
Bilawal donates blood

Bilawal donates blood

Pakistan People's Party (PPP) Chairman, Bilawal Bhutto Zardari on Sunday donated blood in Garhi Khuda Bakhsh town where a large number of party supporters gathered to observe eighth death anniversary of slain PPP chief Benazir Bhutto. The anniversary was
Published 28 Dec, 2015 12:00am
It's not a joke to impose Governor's Rule: Khurshid

It's not a joke to impose Governor's Rule: Khurshid

The Leader of Opposition in the National Assembly Khurshid Shah said here on Sunday that imposing Governor's Rule in Sindh is not a joke as the federation will have to pay for it. He also urged centre not to use force against Sindh and asked prime ministe
Published 28 Dec, 2015 12:00am
QWP demands construction of western route under CPEC

QWP demands construction of western route under CPEC

Qaumi Watan Party Central Chairman, Aftab Ahmad Khan Sherpao has demanded the construction of western route under China-Pakistan Economic Corridor (CPEC) project, to remove sense of deprivation among smaller provinces, particularly terrorism-hit Khyber Pa
Published 28 Dec, 2015 12:00am
KP Governor condoles journalist's mother death

KP Governor condoles journalist's mother death

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan has expressed his deep condolence on the sad demise of mother of senior journalist and copy editor, Geo News, Peshawar, Syed Ansar Abbas. In his condolence message, the Governor, while showing his sympa
Published 28 Dec, 2015 12:00am
No change in Modi's enmity towards Pakistan: Pervez

No change in Modi's enmity towards Pakistan: Pervez

PML-Q senior leader Ch Pervez Elahi commenting on Indian Prime Minister Narendra Modi's brief visit to Jati Umra in Lahore has said though personal relations between Nawaz Sharif and Narendra Modi have improved yet there is no change in Modi's enmity towa
Published 28 Dec, 2015 12:00am
'Hotel, exhibition hall to be set up at Sialkot airport'

'Hotel, exhibition hall to be set up at Sialkot airport'

Chairman Sialkot International Airport Mian Muhammad Riaz has said that a comprehensive plan has been chalked out for setting up a four to five star hotel and construction of exhibition hall at airport. The concept of setting up hotel and exhibition hall
Published 28 Dec, 2015 12:00am
LCCI will welcome 'Amnesty Scheme'

LCCI will welcome 'Amnesty Scheme'

Lahore Chamber of Commerce and Industry (LCCI) Sunday said that it would welcome any Amnesty Scheme aimed at broadening of extremely narrow tax base. In a statement issued here, the LCCI President Sheikh Muhammad Arshad expressed the optimism that governm
Published 28 Dec, 2015 12:00am
FPCCI 2016 election campaign in final stages

FPCCI 2016 election campaign in final stages

Election campaign for Federation of Pakistan Chambers of Commerce and Industry's annual election for 2016 on Wednesday (30th Dec) is in full swing and final stages. The contest is between two major rival groups; the ruling United Business Group is led by
Published 28 Dec, 2015 12:00am
LGH seeks postings of 1373 nurses

LGH seeks postings of 1373 nurses

Punjab Health Department has sent the case of new posts of 1373 charge nurses of Lahore General Hospital to Finance Department and Punjab government will have to bear an additional expenditure of Rs 4.9 million under the head of salaries during a year for
Published 28 Dec, 2015 12:00am
Zehri, Shahbaz discuss Situation

Zehri, Shahbaz discuss Situation

Chief Minister Balochistan Sanaullah Zehri met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Sunday. Matters of mutual interest, political situation and the measures for promotion of inter-provincial harmony were discussed in the meeting.
Published 28 Dec, 2015 12:00am
Justice Arshad Mahmood Tabassum dies

Justice Arshad Mahmood Tabassum dies

Justice Arshad Mahmood Tabassum, a sitting judge of Lahore High Court, (LHC) passed away of heart attack here on Sunday. According to details, Justice Arshad Mahmood Tabassum suffered hearth stroke on early Sunday morning which proved fatal and he expired
Published 28 Dec, 2015 12:00am
Javed Hashmi likely to rejoin PML-N

Javed Hashmi likely to rejoin PML-N

Senior politician Makhdoom Javed Hashmi is likely to rejoin Pakistan Muslim League (PML-N) next month. Sources said that Javed Hashmi had completed consultations with his close aides to decide his future line of action. He has been advised to renew his ol
Published 28 Dec, 2015 12:00am
NH&MP starts campaign to check vehicles' lights

NH&MP starts campaign to check vehicles' lights

National Highways & Motorway Police N-5 Central has started a special campaign to check the vehicles without proper lights. On the directions of Inspector General NH&MP a comprehensive campaign has been launched to ensure proper lights of the vehicles dur
Published 28 Dec, 2015 12:00am
60MMCFD LNG to Punjab-based industry: APTMA chief hails govt decision

60MMCFD LNG to Punjab-based industry: APTMA chief hails govt decision

The All Pakistan Textile Mills Association central Chairman Tariq Saud has thanked the Prime Minister Nawaz Sharif, Federal Finance Minister Ishaq Dar and Federal Petroleum Minister Shahid Khaqan Abbasi for providing 60 MMCFD LNG to the Punjab-based texti
Published 28 Dec, 2015 12:00am
Mega projects: Rana reviews pace of construction work

Mega projects: Rana reviews pace of construction work

The Punjab government had completed a number of mega development projects with the funds of billions rupees to develop the communication sources on modern lines for rapid and durable socio-economic development in the province.
Published 28 Dec, 2015 12:00am
AIE holds get-together for alumni

AIE holds get-together for alumni

Ali Institute of Education (AIE) held a get-together of distinguished alumni at its auditorium. The colourful ceremony was presided over by the Chairman, Board of Governors Syed Babar Ali. Rector Steve Ryan, faculty members, former students and their fami
Published 28 Dec, 2015 12:00am
Saudi Arabia intercepts missile fired from Yemen capital

Saudi Arabia intercepts missile fired from Yemen capital

Saudi Arabia intercepted a missile fired on its territory from Yemen's rebel-held capital, the Saudi-led coalition announced on Sunday, in the latest cross-border attack on the kingdom. Saudi air defence forces intercepted "a Scud missile fired from Sanaa
Published 28 Dec, 2015 12:00am
Rebel chief death may hurt Syria talks, boost IS: analysts

Rebel chief death may hurt Syria talks, boost IS: analysts

The killing of Syrian rebel chief Zahran Alloush, fiercely opposed to both the regime and the Islamic State group, has eliminated a key bulwark against the jihadists and could derail UN-brokered peace talks, analysts say. The head of Jaish al-Islam, the f
Published 28 Dec, 2015 12:00am
Paris attacker Samy Amimour buried

Paris attacker Samy Amimour buried

Samy Amimour, one of the men that massacred 90 people at the Bataclan music venue in Paris, was buried north of the city, local officials said Sunday. The 28-year-old was buried on Thursday in Seine-Saint-Denis suburb of Paris, where he grew up and his pa
Published 28 Dec, 2015 12:00am
German politicians slam Greece over handling of refugee crisis

German politicians slam Greece over handling of refugee crisis

Germany's finance minister Wolfgang Schaeuble and a senior Bavarian politician criticised Greece on Sunday over the way it is managing its role in Europe's biggest migration crisis since World War Two. Schaeuble, who has clashed repeatedly with Greek offi
Published 28 Dec, 2015 12:00am
Britain holds emergency talks on 'unprecedented' floods

Britain holds emergency talks on 'unprecedented' floods

Britain's government held emergency talks Sunday as what it called "unprecedented" flooding in northern England forced hundreds of people to leave their homes, including in the historic tourist destination of York.
Published 28 Dec, 2015 12:00am
Taiwan presidential candidates clash over China policy

Taiwan presidential candidates clash over China policy

Taiwan's presidential candidates clashed over China policy during their first televised debate Sunday, ahead of elections in which relations with Beijing will be a key issue for voters. Fears over Beijing's influence on the island have grown since a rappr
Published 28 Dec, 2015 12:00am
China central bank unveils rules on green bond issues

China central bank unveils rules on green bond issues

China's central bank on Tuesday published rules on issuing green bonds by policy banks, commercial banks and other financial institutions, a step towards addressing environmental problems. Authorities would use preferential policies to encourage green bon
Published 28 Dec, 2015 12:00am
China central bank unveils rules on green bond issues

China central bank unveils rules on green bond issues

China's central bank on Tuesday published rules on issuing green bonds by policy banks, commercial banks and other financial institutions, a step towards addressing environmental problems. Authorities would use preferential policies to encourage green bon
Published 28 Dec, 2015 12:00am
South Korea pension service to stop forex hedging from 2019
Currency

South Korea pension service to stop forex hedging from 2019

South Korea's National Pension Service will stop currency hedging on its overseas bond investments from 2019 after hedging is reduced between 2017 and 2018, the welfare ministry said. The world's third-largest pension fund, with assets amounting to 500.2
Published 28 Dec, 2015 12:00am
Japan fund managers keep stocks allocations steady in December

Japan fund managers keep stocks allocations steady in December

Japanese fund managers kept their holdings of global stocks unchanged in December after the US Federal Reserve's first interest rate hike since 2006 spelled uncertainty ahead for risk assets, a Reuters survey found on Tuesday.
Published 28 Dec, 2015 12:00am
Japan fund managers keep stocks allocations steady in December

Japan fund managers keep stocks allocations steady in December

Japanese fund managers kept their holdings of global stocks unchanged in December after the US Federal Reserve's first interest rate hike since 2006 spelled uncertainty ahead for risk assets, a Reuters survey found on Tuesday.
Published 28 Dec, 2015 12:00am
Egypt's Beltone Capital targets share sale in 2016

Egypt's Beltone Capital targets share sale in 2016

Egypt's Beltone Capital, which aims to raise 1 billion Egyptian pounds ($128 million) in an initial public offering, has pushed back its plans to the first half of 2016, Chairman Hazem Barakat told Reuters. The offering had initially been earmarked for th
Published 28 Dec, 2015 12:00am
Egypt's Beltone Capital targets share sale in 2016

Egypt's Beltone Capital targets share sale in 2016

Egypt's Beltone Capital, which aims to raise 1 billion Egyptian pounds ($128 million) in an initial public offering, has pushed back its plans to the first half of 2016, Chairman Hazem Barakat told Reuters. The offering had initially been earmarked for th
Published 28 Dec, 2015 12:00am
Exchange operator BATS Global planning 2016 IPO: WSJ

Exchange operator BATS Global planning 2016 IPO: WSJ

BATS Global Markets Inc is expected to file a prospectus for an initial public offering as early as December, the Wall Street Journal reported, in what would be the exchange operator's second attempt at going public. BATS is valued at more than $2 billion
Published 28 Dec, 2015 12:00am
Global funds cut stocks, slowdown worries persist

Global funds cut stocks, slowdown worries persist

Global investors cut their equity holdings in December and raised their exposure to bonds, a Reuters poll of fund managers showed, as worries about a global economic slowdown and uncertainty about the pace of Fed tightening persisted.
Published 28 Dec, 2015 12:00am
Global funds cut stocks, slowdown worries persist

Global funds cut stocks, slowdown worries persist

Global investors cut their equity holdings in December and raised their exposure to bonds, a Reuters poll of fund managers showed, as worries about a global economic slowdown and uncertainty about the pace of Fed tightening persisted.
Published 28 Dec, 2015 12:00am
Enel gets shareholder approval to spin off Latin American units

Enel gets shareholder approval to spin off Latin American units

Italian utility Enel received approval from shareholders of its lucrative South American units to spin off their assets, the first step in a two-part process it is pursuing to shift away from European markets and focus on Latin America. Shareholders in En
Published 28 Dec, 2015 12:00am
HK, US regulators agree to boost supervision

HK, US regulators agree to boost supervision

Hong Kong securities regulator and United States Commodity Futures Trading Commission (CFTC) have agreed to boost cross-border supervision, the two bodies said in a statement. Such agreements aim at make it easier for firms engaged in cross-border trading
Published 28 Dec, 2015 12:00am
HK, US regulators agree to boost supervision

HK, US regulators agree to boost supervision

Hong Kong securities regulator and United States Commodity Futures Trading Commission (CFTC) have agreed to boost cross-border supervision, the two bodies said in a statement. Such agreements aim at make it easier for firms engaged in cross-border trading
Published 28 Dec, 2015 12:00am
Dubai to raise 2016 spending 12 percent on balanced budget

Dubai to raise 2016 spending 12 percent on balanced budget

Dubai plans to raise spending by 12 percent next year, balancing that out with identical growth in revenue, on a budget of 46.1 billion dirhams ($12.6 billion), the government said Sunday. This is the second year in a row that the Gulf emirate will have a
Published 28 Dec, 2015 12:00am
Thai seafood exports not affected by slavery reports: govt

Thai seafood exports not affected by slavery reports: govt

Thailand said recently seafood exports to the United States, Europe and Australia have not been hit by reports of slavery and forced labour by campaign groups and media. The comments come as Thailand, the world's third-largest seafood exporter, faces incr
Published 28 Dec, 2015 12:00am
Authorities investigate head of China Telecom

Authorities investigate head of China Telecom

The head of China Telecom, one of the nation's big three telecoms firms, is under investigation for "severe disciplinary violations", the government said Sunday, the latest high-profile target in a corruption crackdown.
Published 28 Dec, 2015 12:00am
Cheap gas spurs SUV sales, putting US climate goals at risk

Cheap gas spurs SUV sales, putting US climate goals at risk

Surging demand for trucks and SUVs fuelled by cheap gasoline threatens to hold back improvements in US fuel economy and greenhouse gas emissions, a government report released on Wednesday shows. The disconnect between consumer demand for larger, less effi
Published 28 Dec, 2015 12:00am
China's legislature OKs controversial anti-terrorism law

China's legislature OKs controversial anti-terrorism law

China's rubber-stamp national legislature on Sunday approved the country's first anti-terrorism law, amid concerns that its requirements that tech companies share information with the government could hurt business interests and further infringe upon huma
Published 28 Dec, 2015 12:00am
China approves IPO reform proposal, new system could start by March

China approves IPO reform proposal, new system could start by March

China's top legislature on Sunday approved a proposal to revamp the country's initial public offering (IPO) system, authorising the government to implement changes to the system that could be in place as early as March, the official Xinhua news agency sai
Published 28 Dec, 2015 12:00am