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Print - 2016-08-08
Panasonic opens 'cloud9 Innovation Centre'

Panasonic opens 'cloud9 Innovation Centre'

Panasonic on Friday announced that Panasonic Factory Solutions Company of America, a Panasonic group company, opened the cloud9 Innovation Centre featuring its partnership with best-in-class complementary technology companies with which it works to delive
Published 08 Aug, 2016 12:00am
Geeks win millions for teaching computers to battle each other

Geeks win millions for teaching computers to battle each other

A software program dubbed "Mayhem" was poised to win the final round of a three-year contest to teach computers to launch and defend against cyber attacks, earning a $2 million prize for the team that wrote the winning code.
Published 08 Aug, 2016 12:00am
Samsung's new jumbo phone unlocks with iris scanner

Samsung's new jumbo phone unlocks with iris scanner

You'll be able to unlock Samsung's new phone by just looking at it. The Galaxy Note 7 will come with an iris scanner, which matches patterns in your eyes with what was detected by your phone during setup. It offers an alternative to fingerprint ID, which
Published 08 Aug, 2016 12:00am
GSMA launches Mobile World Congress 2017

GSMA launches Mobile World Congress 2017

The GSMA on Tuesday announced the first details of the 2017 Mobile World Congress, including exhibitors, sponsors, programmes and activities taking place at the annual mobile industry event. Under the theme Mobile: The Next Element, Mobile World Congress
Published 08 Aug, 2016 12:00am
Instagram adds everyday 'Stories' in Snapchat spin

Instagram adds everyday 'Stories' in Snapchat spin

Instagram on Tuesday put its own spin on a key Snapchat feature by letting users post "Stories" that eventually vanish from the Facebook-owned photo- and video-sharing application. Instagram Stories encourages people to share ephemeral collages of everyda
Published 08 Aug, 2016 12:00am
Apple, Microsoft unholster new gun emojis

Apple, Microsoft unholster new gun emojis

Apple and Microsoft on Friday appeared to be aiming in opposite directions with freshly unholstered gun emojis. A pistol character included among glyphs for messages sent using coming iOS 10 software powering Apple mobile devices looked like a toy instead
Published 08 Aug, 2016 12:00am
Global tablet market continues to shrink

Global tablet market continues to shrink

World-wide shipments of tablet computers shrank anew in the second quarter of this year, International Data Corporation reported on Monday. A total of 38.7 million tablets were shipped during the April-June quarter, a 12.3 percent drop from the 44.1 milli
Published 08 Aug, 2016 12:00am
Famed hacker creates new ratings system for software

Famed hacker creates new ratings system for software

A famed hacker who nearly 20 years ago told Congress he could take down the internet in 30 minutes is now going after the computer software industry, whose standard practices all but guarantee that most products will be vulnerable to cyber attacks.
Published 08 Aug, 2016 12:00am
ING boosts operating profit by a quarter

ING boosts operating profit by a quarter

Dutch bank ING, the country's biggest lender, said on Wednesday that its second-quarter operating profits rose by more than a qquarter as it boosted lending Underlying net profit, which strips out one-off items, rose by 26.7 percent to 1.4 billion euros (
Published 08 Aug, 2016 12:00am
Aldar Properties second quarter net profit up 10 percent

Aldar Properties second quarter net profit up 10 percent

Aldar Properties reported a 9.7 percent rise in second-quarter net profit on Tuesday, as the state-linked builder of Abu Dhabi's Formula One circuit shook off concerns about a softening market by posting higher revenue.
Published 08 Aug, 2016 12:00am
Hugo Boss to close more stores as cuts outlook
Currency

Hugo Boss to close more stores as cuts outlook

Mark Langer, the new chief executive of Hugo Boss, said the German fashion house would close another 20 stores and refocus its US business as it cut its full-year outlook following a slump in second-quarter profits.
Published 08 Aug, 2016 12:00am
Deutsche Post DHL sells long-distance bus unit

Deutsche Post DHL sells long-distance bus unit

German postal and logistics company Deutsche Post DHL Group said it was selling its long-distance bus unit, Postbus, to market leader Flixbus due to tough competition. Germany liberalised the long-distance bus market in 2013, prompting a flood of entrants
Published 08 Aug, 2016 12:00am
MetLife profit falls short of estimates on weaker underwriting
Currency

MetLife profit falls short of estimates on weaker underwriting

MetLife Inc, the largest US life insurer, reported a quarterly profit that widely missed analysts' estimates, largely due to weaker underwriting and tax-related adjustment in two of its largest markets. While weaker underwriting weighed on operating earni
Published 08 Aug, 2016 12:00am
Allianz confident on targets despite testing quarter

Allianz confident on targets despite testing quarter

German insurance giant Allianz expressed confidence on Friday it would meet its full-year targets despite falling second-quarter profits, largely due to the costs of natural disasters and disposing of its South Korean operations.
Published 08 Aug, 2016 12:00am
Kraft Heinz's quarterly profit quadruples

Kraft Heinz's quarterly profit quadruples

Kraft Heinz Co, the maker of Kraft cheese, Heinz ketchup and Jell-O, reported a quarterly profit that quadrupled, helped by aggressive cost-cutting measures and lower commodity costs. The company performed well in the second quarter even as it and rivals,
Published 08 Aug, 2016 12:00am
LSE Group first half adjusted operating profit rises 9 percent

LSE Group first half adjusted operating profit rises 9 percent

London Stock Exchange Group Plc, which has agreed to merge with German peer Deutsche Boerse to create a giant European trading house, reported a rise in first-half adjusted operating profit on Thursday and said it was working on securing regulatory approv
Published 08 Aug, 2016 12:00am
Russia banned from Rio Paralympics over doping

Russia banned from Rio Paralympics over doping

The International Paralympic Committee (IPC) on Sunday banned all Russians from its own Games next month because of the widespread doping culture that it says has polluted sport in the country.
Published 08 Aug, 2016 12:00am
England's Ali seals his team's crushing win over Pakistan

England's Ali seals his team's crushing win over Pakistan

Moeen Ali starred with both bat and ball as England beat Pakistan by 141 runs to win the third Test at Edgbaston on Sunday. Victory left England, 103 runs behind on first innings, 2-1 up in the four-match series ahead of next week's finale at The Oval.
Published 08 Aug, 2016 12:00am
Zimbabwe dig in after Kiwis post huge total

Zimbabwe dig in after Kiwis post huge total

Zimbabwe's top order finally showed some backbone on Sunday but the hosts were nevertheless facing an uphill battle in the second Test after New Zealand posted an enormous total on day two at Queens Sports Club.
Published 08 Aug, 2016 12:00am
Vietnamese rejoice at first Olympic gold

Vietnamese rejoice at first Olympic gold

Vietnamese rejoiced Sunday after their country won its first ever Olympic gold medal, a victory made all the more sweeter by the fact that regional rival China was beaten along the way.
Published 08 Aug, 2016 12:00am
Venus, Ivanovic knocked out

Venus, Ivanovic knocked out

Former Olympic champion Venus Williams was eliminated in the first round at the Rio Games on Saturday after Belgian underdog Kirsten Flipkens mounted a spirited fight back to cause the biggest upset of the opening day.
Published 08 Aug, 2016 12:00am
China's first gold of Games won by woman shooter

China's first gold of Games won by woman shooter

First-time Olympian Zhang Mengxue secured China's first gold medal of the 2016 Olympics on Sunday by winning the women's 10-metre air pistol event and extending China's gold medal streak in the sport.
Published 08 Aug, 2016 12:00am
Records fall as Games start with a bang

Records fall as Games start with a bang

Record-breaking Australia - inspired by Mack Horton and Cate Campbell - put their stamp on the Rio Olympics and moved top of the medals table after an intense first day of action.
Published 08 Aug, 2016 12:00am
Dubai airport says traffic in June reduced by Ramazan

Dubai airport says traffic in June reduced by Ramazan

Passenger traffic via Dubai International Airport, the world's busiest international hub, dropped 1 percent from a year ago to 5.86 million people in June because of the Islamic holy month of Ramazan, the airport's operator said on Sunday.
Published 08 Aug, 2016 12:00am
UK considers plan to pay households affected by fracking

UK considers plan to pay households affected by fracking

Some tax proceeds from shale gas developments in Britain could be given directly to residents, Prime Minister Theresa May said on Sunday, in a bid to help clear the path for an industry hampered for years by local opposition to fracking.
Published 08 Aug, 2016 12:00am
Saudi petchem margins benefit from oil, but not for long

Saudi petchem margins benefit from oil, but not for long

Second-quarter earnings in Saudi Arabia's petrochemical industry beat expectations as producers reaped the benefits of volatile oil prices, but companies look unlikely to be as lucky in the second half of this year.
Published 08 Aug, 2016 12:00am
China's forex reserves fall to $3.20 trillion in July
Currency

China's forex reserves fall to $3.20 trillion in July

China's foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations. Economists polled by Reuters had predicted reserves would fall to $3.20 trillion from $3.21 trillion at the end of Jun
Published 08 Aug, 2016 12:00am
HSBC kicks off first share buyback

HSBC kicks off first share buyback

HSBC has kicked off its first share buyback with plans to repurchase US $2.5bn of stock this year, thanks to capital from the sale of its Brazilian business. It said it could buy back a similar amount of stock next year, because it is being allowed to pul
Published 08 Aug, 2016 12:00am
Gulf markets start week on strong footing, Egypt slips back

Gulf markets start week on strong footing, Egypt slips back

Strength in international equities markets at the end of last week helped lift share prices in the Gulf on Sunday with markets most exposed to foreign capital inflows outperforming, while Egypt slipped on profit-taking.
Published 08 Aug, 2016 12:00am
China's money rates ease on week as liquidity remains ample

China's money rates ease on week as liquidity remains ample

China's primary money rates eased for the week on Friday as inflows into fixed-income products and ample liquidity combined to keep rates low. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the
Published 08 Aug, 2016 12:00am
China's money rates ease on week as liquidity remains ample

China's money rates ease on week as liquidity remains ample

China's primary money rates eased for the week on Friday as inflows into fixed-income products and ample liquidity combined to keep rates low. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the
Published 08 Aug, 2016 12:00am
Goldman downgrades equities to 'underweight' over three months

Goldman downgrades equities to 'underweight' over three months

Goldman Sachs has cut its three-month rating on equities to "underweight", saying its risk appetite indicator has turned neutral, which suggests that markets are more vulnerable to growth and policy disappointments.
Published 08 Aug, 2016 12:00am
Global watchdog says new rules have not harmed bond markets

Global watchdog says new rules have not harmed bond markets

There is little sign that new rules since the financial crisis have damaged liquidity in corporate bond markets, global regulators said on Friday in response to criticisms from banks. Liquidity, or the ability to buy and sell assets even in stressed marke
Published 08 Aug, 2016 12:00am
Global watchdog says new rules have not harmed bond markets

Global watchdog says new rules have not harmed bond markets

There is little sign that new rules since the financial crisis have damaged liquidity in corporate bond markets, global regulators said on Friday in response to criticisms from banks. Liquidity, or the ability to buy and sell assets even in stressed marke
Published 08 Aug, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40).
Published 08 Aug, 2016 12:00am
US fund investors tiptoe back into junk bonds, global stocks

US fund investors tiptoe back into junk bonds, global stocks

US mutual-fund investors bought international stocks and riskier bonds during the latest week, reversing course after pulling the most cash this year from funds following the Brexit vote, Investment Company Institute data showed on Wednesday.
Published 08 Aug, 2016 12:00am
US fund investors tiptoe back into junk bonds, global stocks

US fund investors tiptoe back into junk bonds, global stocks

US mutual-fund investors bought international stocks and riskier bonds during the latest week, reversing course after pulling the most cash this year from funds following the Brexit vote, Investment Company Institute data showed on Wednesday.
Published 08 Aug, 2016 12:00am
Egypt bids farewell to Nobel prize-winning chemist

Egypt bids farewell to Nobel prize-winning chemist

Nobel prize-winning Egyptian-American chemist Ahmed Zewail was given a state funeral with military honours on Sunday in Cairo attended by Egypt's president and top officials. Zewail, who served as a science and technology advisor to US President Barack Ob
Published 08 Aug, 2016 12:00am
Macedonia storms kill at least 21

Macedonia storms kill at least 21

Fierce storms packing strong winds and torrential rains overnight killed at least 21 people in Macedonia's capital of Skopje, the health minister said Sunday. The freak weather included winds blowing at more than 70 kilometres (43 miles) an hour and resul
Published 08 Aug, 2016 12:00am
Al Qaeda suspects kill Yemen army colonel

Al Qaeda suspects kill Yemen army colonel

Suspected members of al Qaeda shot dead an army colonel in Yemen's southern province of Abyan on Sunday, a military official said. The gunmen on a motorbike opened fire at Colonel Abdullah Shamba, killing him immediately before driving off, the official s
Published 08 Aug, 2016 12:00am
Saudi-led coalition launches 30 air strikes in Yemen

Saudi-led coalition launches 30 air strikes in Yemen

A Saudi-led military coalition carried out around 30 air strikes throughout Yemen on Sunday, residents said, a day after UN talks to end a civil war there expired without achieving peace.
Published 08 Aug, 2016 12:00am
Brazil's plastic surgery icon dies

Brazil's plastic surgery icon dies

Ivo Pitanguy, a plastic surgeon whose skill with the scalpel drew celebrities to his operating table from around the world and made him a cultural icon in beauty-obsessed Brazil, died on Saturday. He was 90.
Published 08 Aug, 2016 12:00am
Most Germans want to end EU migrant deal with Turkey

Most Germans want to end EU migrant deal with Turkey

Most Germans think the European Union should scrap a landmark migration deal with Turkey, also scuppering negotiations on its accession to the bloc, according to a poll published on Sunday.
Published 08 Aug, 2016 12:00am
Two die in Ethiopia's protests against detentions

Two die in Ethiopia's protests against detentions

Two people died in Ethiopia on Saturday during anti-government protests, according to a resident of one of several towns where demonstrations took place. The deaths occurred in the town of Ambo in Oromiya region, where security forces clashed with protest
Published 08 Aug, 2016 12:00am
Japan-Australia flight diverted to Guam after engine shut down

Japan-Australia flight diverted to Guam after engine shut down

A Jetstar flight from Tokyo to Australia's Gold Coast was diverted to Guam and an engine was shut down Sunday after a warning light came on. The twin-engine JQ12 Boeing 787 Dreamliner flight from Narita international airport to the Gold Coast landed on th
Published 08 Aug, 2016 12:00am
Cuba blames US open door for migrant surge

Cuba blames US open door for migrant surge

Havana on Sunday blamed Washington for a surge of Cubans trying to reach the United States by land and sea, accusing the Obama administration of encouraging illegal and unsafe immigration.
Published 08 Aug, 2016 12:00am
UN soldier killed, four injured in mine blast in NE Mali

UN soldier killed, four injured in mine blast in NE Mali

A United Nations peacekeeper was killed and four others were injured Sunday when their vehicle struck an explosive device in north-east Mali, the UN said. The incident occurred 11 kilometres (six miles) south of Aguelhoc-Anefis in Kidal region, the UN for
Published 08 Aug, 2016 12:00am
THAAD system threatens to damage Beijing-Seoul ties

THAAD system threatens to damage Beijing-Seoul ties

South Korea on Sunday rejected China's criticism over the planned deployment in the South of a US anti-missile system, saying Beijing's failure to curb its ally North Korea had created the situation.
Published 08 Aug, 2016 12:00am
TUSDC to impart technical skills to 12,000 youth

TUSDC to impart technical skills to 12,000 youth

Technology Up-gradation and Skill Development Company (TUSDC) will impart skills to 12,000 men and women of tribal area to enhance their technical capabilities. Besides, the promotion of the self-employment in the youth of the region, the purpose of the t
Published 08 Aug, 2016 12:00am
Governor Sindh administers oath to nine more ministers

Governor Sindh administers oath to nine more ministers

Governor Sindh Dr Ishrat Ul Ebad Khan took oath from newly-inducted nine ministers in the Provincial Cabinet, here on Sunday at Governor House. Chief Minister Sindh Syed Murad Ali Shah was also present on the occasion. Chief Secretary Sindh Muhammad Siddi
Published 08 Aug, 2016 12:00am
Mayoral elections in Sindh: ECP issues code of conduct

Mayoral elections in Sindh: ECP issues code of conduct

The Election Commission of Pakistan (ECP) has issued code of conduct to ensure that elections to the Seats of Mayor/Deputy Mayor and Chairman/Vice Chairman in the District Councils, Municipal Committees, Town Committees, Municipal Corporation, District Mu
Published 08 Aug, 2016 12:00am
PIA's pre-Hajj operation starts from five cities

PIA's pre-Hajj operation starts from five cities

PIA's pre-Hajj operation started from Lahore and Karachi Sunday morning when PK 759 departed from Lahore for Jeddah, carrying 265 intending pilgrims, while PK 715 left Karachi for Madinah Munawwara, carrying 329 intending pilgrims.
Published 08 Aug, 2016 12:00am
GEPCO arrests 61 more electricity thieves

GEPCO arrests 61 more electricity thieves

In its vigorous drive against menacing power theft in its region, the Gujranwala Electricity Power Company (GEPCO) arrested 61 more electricity thieves and recovered Rs 2.165 million as cost of 136,614 units.
Published 08 Aug, 2016 12:00am
High flood in Jhelum, Chenab likely in next 24 hour

High flood in Jhelum, Chenab likely in next 24 hour

The Federal Flood Commission (FFC) has said that a peak of high to very high flood level is expected in River Jhelum at Mangla (Inflow) and high flood in River Chenab at Marala, Khanki and Qadirabad during the next 24 hours.
Published 08 Aug, 2016 12:00am
Possible floods: CM Punjab asks departments to complete preparations

Possible floods: CM Punjab asks departments to complete preparations

Punjab Chief Minister Shahbaz Sharif has said that all federal and provincial departments should complete preparations and make arrangements for the protection of life and property of the people in view of possible flood due to rains. He said that no negl
Published 08 Aug, 2016 12:00am
CDG renames Fish Form Chowk as Passban Chowk

CDG renames Fish Form Chowk as Passban Chowk

City District Government has renamed the Fish Form Chowk at Satiana Road as Passban Chowk. Chairman FDA and Member Punjab Assembly Sh. Ejaz Ahmad formally inaugurated the renamed chowk in the presence of Vice Chairman WASA Mian Irfan Mannan and Chairman P
Published 08 Aug, 2016 12:00am
Undergraduate programmes 12,000 students appear in UAF entry test

Undergraduate programmes 12,000 students appear in UAF entry test

Around 12,000 students are appeared in University of Agriculture, Faisalabad(UAF) 4th entrance test for undergraduate programs on Sunday. The test is conducted in 12 cities including Faisalabad, Gujrawala, Lahore, Layyah, Multan, Rahim Yar Khan, Rawalpind
Published 08 Aug, 2016 12:00am
Indonesian government urged to reconsider import quota policy

Indonesian government urged to reconsider import quota policy

The business community, exporters and traders have urged upon the Indonesian government to convert Preferential Trade Agreement (PTA) into a Free Trade Agreement (FTA) to boost up the bilateral trade between two Muslim states and Indonesia should meet its
Published 08 Aug, 2016 12:00am
PTI-PAT protests: Shahbaz too reaches out to party legislators

PTI-PAT protests: Shahbaz too reaches out to party legislators

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the government of Muslim League-N believes in selfless service to the people and the aim of politics of the PML-N is public service and progress and prosperity of the country.
Published 08 Aug, 2016 12:00am
Rainwater being drained out from low-laying areas of Hyderabad: Chandio

Rainwater being drained out from low-laying areas of Hyderabad: Chandio

Adviser to Chief Minister Sindh on Information Moula Bux Chandio has said that all available resources are being utilised for draining out rain water from different low laying areas of Hyderabad. Speaking to media persons before his visit of rain-affected
Published 08 Aug, 2016 12:00am
Britain launches fraud probe into Airbus

Britain launches fraud probe into Airbus

Britain''s Serious Fraud Office said on Sunday it had opened a criminal probe into Airbus Group, investigating allegations of fraud, bribery and corruption.
Published 08 Aug, 2016 12:00am
Britain launches fraud probe into Airbus

Britain launches fraud probe into Airbus

Britain's Serious Fraud Office said on Sunday it had opened a criminal probe into Airbus Group, investigating allegations of fraud, bribery and corruption.
Published 08 Aug, 2016 12:00am
Britain launches fraud probe into Airbus

Britain launches fraud probe into Airbus

Britain's Serious Fraud Office said on Sunday it had opened a criminal probe into Airbus Group, investigating allegations of fraud, bribery and corruption.
Published 08 Aug, 2016 12:00am
World Social Forum moves to G7 nation for the first time

World Social Forum moves to G7 nation for the first time

Anti-globalisation activists will gather in Montreal Tuesday for the first World Social Forum (WSF) to be held in the northern hemisphere, hoping the location will provide fresh impetus for the movement. A march through downtown Montreal is to kick off th
Published 08 Aug, 2016 12:00am
World Social Forum moves to G7 nation for the first time

World Social Forum moves to G7 nation for the first time

Anti-globalisation activists will gather in Montreal Tuesday for the first World Social Forum (WSF) to be held in the northern hemisphere, hoping the location will provide fresh impetus for the movement. A march through downtown Montreal is to kick off th
Published 08 Aug, 2016 12:00am
Syria army redeploys after rebels 'break' Aleppo siege

Syria army redeploys after rebels 'break' Aleppo siege

Syrian regime forces redeployed Sunday to try to avoid being surrounded in neighbourhoods they control in Aleppo, after a rebel alliance said it had broken a three-week government siege. A coalition of rebels and jihadists surged through regime territory
Published 08 Aug, 2016 12:00am
Syria army redeploys after rebels 'break' Aleppo siege

Syria army redeploys after rebels 'break' Aleppo siege

Syrian regime forces redeployed Sunday to try to avoid being surrounded in neighbourhoods they control in Aleppo, after a rebel alliance said it had broken a three-week government siege. A coalition of rebels and jihadists surged through regime territory
Published 08 Aug, 2016 12:00am
Over 68 KP units not paying a single penny: tax survey

Over 68 KP units not paying a single penny: tax survey

A tax-mapping survey of industrial areas of Khyber Pakhtunkhwa conducted by the Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) revealed over 68 operative units and manufacturing companies which are
Published 08 Aug, 2016 12:00am
Over 68 KP units not paying a single penny: tax survey

Over 68 KP units not paying a single penny: tax survey

A tax-mapping survey of industrial areas of Khyber Pakhtunkhwa conducted by the Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) revealed over 68 operative units and manufacturing companies which are
Published 08 Aug, 2016 12:00am
Over 68 KP units not paying a single penny: tax survey

Over 68 KP units not paying a single penny: tax survey

A tax-mapping survey of industrial areas of Khyber Pakhtunkhwa conducted by the Directorate General of Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) revealed over 68 operative units and manufacturing companies which are
Published 08 Aug, 2016 12:00am
IS claims Belgium police machete attack

IS claims Belgium police machete attack

A machete-wielding man who wounded two policewomen in Belgium was a 33-year-old Algerian, prosecutors said Sunday as the Islamic State group, behind a string of deadly attacks in Europe, claimed the assault. Quoting an unidentified source, IS-linked Amaq
Published 08 Aug, 2016 12:00am
IS claims Belgium police machete attack

IS claims Belgium police machete attack

A machete-wielding man who wounded two policewomen in Belgium was a 33-year-old Algerian, prosecutors said Sunday as the Islamic State group, behind a string of deadly attacks in Europe, claimed the assault. Quoting an unidentified source, IS-linked Amaq
Published 08 Aug, 2016 12:00am
Afghan general bans Pakistani rupee in Kandahar
Currency

Afghan general bans Pakistani rupee in Kandahar

A senior Afghan police official regarded as one of the country''s most powerful men has banned the use of the Pakistani currency in the key southern province of Kandahar. The police chief of Kandahar, General Abdul Raziq, said he has declared the use of t
Published 08 Aug, 2016 12:00am
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