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Print - 2016-08-22
500MW hydropower project may be scrapped

500MW hydropower project may be scrapped

Private Power & Infrastructure Board (PPIB) is all set to scrap 500MW Chakothi-Hattian hydropower project in case sponsors fail to move ahead within a specified time, well-informed sources told Business Recorder.
Published 22 Aug, 2016 12:00am
500MW hydropower project may be scrapped

500MW hydropower project may be scrapped

Private Power & Infrastructure Board (PPIB) is all set to scrap 500MW Chakothi-Hattian hydropower project in case sponsors fail to move ahead within a specified time, well-informed sources told Business Recorder.
Published 22 Aug, 2016 12:00am
Nigeria oil rebels announce conditional ceasefire

Nigeria oil rebels announce conditional ceasefire

A Nigerian rebel group has announced a conditional ceasefire and agreed to hold talks with the government following months of attacks on key oil and gas facilities that have hammered the economy.
Published 22 Aug, 2016 12:00am
Nigeria oil rebels announce conditional ceasefire

Nigeria oil rebels announce conditional ceasefire

A Nigerian rebel group has announced a conditional ceasefire and agreed to hold talks with the government following months of attacks on key oil and gas facilities that have hammered the economy.
Published 22 Aug, 2016 12:00am
Opposition's TORs: Zardari seeks to step up pressure on government

Opposition's TORs: Zardari seeks to step up pressure on government

Pakistan People's Party (PPP) Co-chairman Asif Ali Zardari said on Sunday that the Terms of Reference (TORs) proposed by the Opposition regarding the investigation of the Panama Papers issue were effective and constitutional, adding that the investigation
Published 22 Aug, 2016 12:00am
Opposition's TORs: Zardari seeks to step up pressure on government

Opposition's TORs: Zardari seeks to step up pressure on government

Pakistan People's Party (PPP) Co-chairman Asif Ali Zardari said on Sunday that the Terms of Reference (TORs) proposed by the Opposition regarding the investigation of the Panama Papers issue were effective and constitutional, adding that the investigation
Published 22 Aug, 2016 12:00am
Three militants killed in IHK

Three militants killed in IHK

Indian soldiers killed three suspected militants in a gun battle on Sunday in Indian-held Kashmir, the army said, as the region reels from weeks of deadly violence between protesters and security forces. The militants were killed in Tangdhar north of the
Published 22 Aug, 2016 12:00am
Three militants killed in IHK

Three militants killed in IHK

Indian soldiers killed three suspected militants in a gun battle on Sunday in Indian-held Kashmir, the army said, as the region reels from weeks of deadly violence between protesters and security forces. The militants were killed in Tangdhar north of the
Published 22 Aug, 2016 12:00am
Singapore PM taken ill during live televised speech

Singapore PM taken ill during live televised speech

Singapore Prime Minister Lee Hsien Loong was taken ill while delivering a long speech on Sunday, shocking a live television audience, but he resumed speaking after resting.
Published 22 Aug, 2016 12:00am
Tiny Spanish publisher clones world's most mysterious book

Tiny Spanish publisher clones world's most mysterious book

It's one of the world's most mysterious books, a centuries-old manuscript written in an unknown or coded language that no one - not even the best cryptographers - has cracked. Scholars have spent their lives puzzling over the Voynich Manuscript, whose int
Published 22 Aug, 2016 12:00am
Sindh government imposing dictatorship on seminaries: Fzal

Sindh government imposing dictatorship on seminaries: Fzal

Jamiat Ulema-e-Islam (JUI-F) Chief, Maulana Fazlur Rehman has alleged that the PPP-led Sindh government is trying to impose its dictatorship on religious seminaries of the province, which was condonable. Addressing the JUI-F workers convention here on Sun
Published 22 Aug, 2016 12:00am
Taxpayers'' data: PRAL assures FTO of confidentiality

Taxpayers'' data: PRAL assures FTO of confidentiality

Chief Executive Pakistan Revenue Automation Limited (PRAL) has submitted a report to the Federal Tax Ombudsman (FTO) to ensure confidentiality of the taxpayers returns data for which a new password policy and restricting User Login to a specific IP have b
Published 22 Aug, 2016 12:00am
Taxpayers' data: PRAL assures FTO of confidentiality

Taxpayers' data: PRAL assures FTO of confidentiality

Chief Executive Pakistan Revenue Automation Limited (PRAL) has submitted a report to the Federal Tax Ombudsman (FTO) to ensure confidentiality of the taxpayers returns data for which a new password policy and restricting User Login to a specific IP have b
Published 22 Aug, 2016 12:00am
Taxpayers' data: PRAL assures FTO of confidentiality

Taxpayers' data: PRAL assures FTO of confidentiality

Chief Executive Pakistan Revenue Automation Limited (PRAL) has submitted a report to the Federal Tax Ombudsman (FTO) to ensure confidentiality of the taxpayers returns data for which a new password policy and restricting User Login to a specific IP have b
Published 22 Aug, 2016 12:00am
FTA talks with Indonesia: Pakistan sets condition

FTA talks with Indonesia: Pakistan sets condition

Pakistan has reportedly refused to start negotiations on Free Trade Agreement (FTA) with Indonesia until Pakistan''s concerns on existing Preferential Trade Agreement (PTA) are addressed within six months, well-informed sources told Business Recorder.<
Published 22 Aug, 2016 12:00am
FTA talks with Indonesia: Pakistan sets condition

FTA talks with Indonesia: Pakistan sets condition

Pakistan has reportedly refused to start negotiations on Free Trade Agreement (FTA) with Indonesia until Pakistan's concerns on existing Preferential Trade Agreement (PTA) are addressed within six months, well-informed sources told Business Recorder.</
Published 22 Aug, 2016 12:00am
FTA talks with Indonesia: Pakistan sets condition

FTA talks with Indonesia: Pakistan sets condition

Pakistan has reportedly refused to start negotiations on Free Trade Agreement (FTA) with Indonesia until Pakistan's concerns on existing Preferential Trade Agreement (PTA) are addressed within six months, well-informed sources told Business Recorder.</
Published 22 Aug, 2016 12:00am
PSX into ''corrective mode''

PSX into ''corrective mode''

Last was a bearish week for Pakistan shares market where KSE-100 index slumped by 1.0 percent or 408 points Week-on-Week (WoW) to close at 39,499 points.
Published 22 Aug, 2016 12:00am
PSX into 'corrective mode'

PSX into 'corrective mode'

Last was a bearish week for Pakistan shares market where KSE-100 index slumped by 1.0 percent or 408 points Week-on-Week (WoW) to close at 39,499 points.
Published 22 Aug, 2016 12:00am
PSX into 'corrective mode'

PSX into 'corrective mode'

Last was a bearish week for Pakistan shares market where KSE-100 index slumped by 1.0 percent or 408 points Week-on-Week (WoW) to close at 39,499 points.
Published 22 Aug, 2016 12:00am
Fed close to hitting job and inflation targets: Fischer

Fed close to hitting job and inflation targets: Fischer

The Federal Reserve is close to hitting its targets for full employment and 2 percent inflation, the Fed''s No. 2 policymaker said on Sunday in comments that did not address when the US central bank should next raise interest rates. The Fed has been sugge
Published 22 Aug, 2016 12:00am
Fed close to hitting job and inflation targets: Fischer

Fed close to hitting job and inflation targets: Fischer

The Federal Reserve is close to hitting its targets for full employment and 2 percent inflation, the Fed's No. 2 policymaker said on Sunday in comments that did not address when the US central bank should next raise interest rates. The Fed has been sugges
Published 22 Aug, 2016 12:00am
Fed close to hitting job and inflation targets: Fischer

Fed close to hitting job and inflation targets: Fischer

The Federal Reserve is close to hitting its targets for full employment and 2 percent inflation, the Fed's No. 2 policymaker said on Sunday in comments that did not address when the US central bank should next raise interest rates. The Fed has been sugges
Published 22 Aug, 2016 12:00am
Pakistan reaffirms solidarity with Ankara

Pakistan reaffirms solidarity with Ankara

Pakistan strongly condemns the terrorist attack in Turkey's Gaziantep Province and reaffirms solidarity with brotherly Turkey In a statement on Sunday, the Foreign Office said that the Government and people of Pakistan are deeply anguished and saddened by
Published 22 Aug, 2016 12:00am
Pakistan reaffirms solidarity with Ankara

Pakistan reaffirms solidarity with Ankara

Pakistan strongly condemns the terrorist attack in Turkey's Gaziantep Province and reaffirms solidarity with brotherly Turkey In a statement on Sunday, the Foreign Office said that the Government and people of Pakistan are deeply anguished and saddened by
Published 22 Aug, 2016 12:00am
Turkey bleeds

Turkey bleeds

A suicide bomber as young as 12 killed at least 51 people at a wedding in Turkey, President Recep Tayyip Erdogan said Sunday, pointing the finger at the Islamic State group. Erdogan said Saturday's blast in Gaziantep near the Syria border "was the result
Published 22 Aug, 2016 12:00am
Turkey bleeds

Turkey bleeds

A suicide bomber as young as 12 killed at least 51 people at a wedding in Turkey, President Recep Tayyip Erdogan said Sunday, pointing the finger at the Islamic State group. Erdogan said Saturday's blast in Gaziantep near the Syria border "was the result
Published 22 Aug, 2016 12:00am
THE RUPEE: range-bound trade
Currency

THE RUPEE: range-bound trade

Range-bound trade was witnessed on the money market as the rupee moved cautiously against the dollar, the week ending on August 20, 2016.
Published 22 Aug, 2016 12:00am
THE RUPEE: range-bound trade
Currency

THE RUPEE: range-bound trade

Range-bound trade was witnessed on the money market as the rupee moved cautiously against the dollar, the week ending on August 20, 2016.
Published 22 Aug, 2016 12:00am
Janjua to chair Implementation Committee of NAP today

Janjua to chair Implementation Committee of NAP today

The preliminary meeting of Implementation Committee for National Action Plan (NAP) would be held here on Monday, with National Security Adviser Lieutenant- General Nasser Janjua (retd) in the chair, sources said on Sunday.
Published 22 Aug, 2016 12:00am
Janjua to chair Implementation Committee of NAP today

Janjua to chair Implementation Committee of NAP today

The preliminary meeting of Implementation Committee for National Action Plan (NAP) would be held here on Monday, with National Security Adviser Lieutenant- General Nasser Janjua (retd) in the chair, sources said on Sunday.
Published 22 Aug, 2016 12:00am
The Weather

The Weather

The weather report on Sunday (August 21, 2016) and the forecast for Monday (August 22, 2016).

Published 22 Aug, 2016 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 15 to 19, 2016).

Published 22 Aug, 2016 12:00am
Child abduction cases: police issue directives to private schools

Child abduction cases: police issue directives to private schools

After Sindh government, police personnel on Sunday also issued directives to private schools in Karachi regarding child abduction. Increasing incidents of child kidnapping cases in parts of country have raised questions over the security arrangements of t
Published 22 Aug, 2016 12:00am
Woman killed for resisting child 'abduction' bid

Woman killed for resisting child 'abduction' bid

A woman was gunned down on Sunday after she resisted alleged kidnapping bid of her minor daughter in Lines Area, a densely populated area of Karachi. Residents of Lines Area took to streets following the killing, blocking the Corridor III by setting tires
Published 22 Aug, 2016 12:00am
Four facilitators of Quetta incident arrested: Balochistan CM

Four facilitators of Quetta incident arrested: Balochistan CM

Balochistan Chief Minister Nawab Sanaullah Zehri stated on Sunday that various operations were launched after the horrific blast in Quetta's Civil Hospital that claimed the lives of over 70 people, adding that four facilitators of the attack have been app
Published 22 Aug, 2016 12:00am
Insurance Ombudsman gives Rs 105 million relief to policy holders

Insurance Ombudsman gives Rs 105 million relief to policy holders

Federal Insurance Ombudsman (FIO) has so far disposed off 13% cases in favour of insured claimants (policy holders) in the form of claims settlement worth rupees 105 million to aggrieved policy holders during first six months of current year.
Published 22 Aug, 2016 12:00am
Trade activities at Pak-Afghan border come to a grinding halt

Trade activities at Pak-Afghan border come to a grinding halt

The extended closure of Bab-e-Pakistan (friendship gate) at Pak-Afghan border due to border clashes, has adversely affected the trade activities between Pakistan and Afghanistan. Afghan authorities closed the border on August 18 in the wake of security co
Published 22 Aug, 2016 12:00am
ST refund: FBR fails to implement FTO's order

ST refund: FBR fails to implement FTO's order

Despite unchallenged recommendation issued by Federal Tax Ombudsman (FTO) in favour of an exporter regarding issuance of sales tax refund pending for the last 16 years, Federal Board of Revenue (FBR) has not fully implement the order.
Published 22 Aug, 2016 12:00am
SECP: independent directors

SECP: independent directors

The news of seeing off Chairman and an independent director of Interstate Gas Systems (Pvt.) Ltd goes to suggest that size of the Board was reduced to get rid of them. This was a day after they alleged fudging of the Board's proceedings and decisions rega
Published 22 Aug, 2016 12:00am
Work until 69? Bundesbank's call riles Germans

Work until 69? Bundesbank's call riles Germans

The German central bank's call for people to work until age 69 has reignited a fierce debate in Europe's fast-ageing top economy, with analysts backing it while politicians show their opposition ahead of key elections.
Published 22 Aug, 2016 12:00am
Three years of Dastgir!

Three years of Dastgir!

The Minister for Commerce Khurram Dastgir while addressing the World Islamic Economic Forum in Jakarta recently urged the Islamic world to come up with new ideas and innovation based research to recover from its economic inertia, policy recommendations th
Published 22 Aug, 2016 12:00am
Risks to BoP
Currency

Risks to BoP

As the IMF leaves Pakistan, it has prepared a set of projections of the balance of payments for the next few years as part of the 11th Review. These projections indicate that the external transactions of Pakistan have attained a stable and sustainable pos
Published 22 Aug, 2016 12:00am
Narendra Modi's Shenanigans

Narendra Modi's Shenanigans

Overwhelmed by the uncontrollable protests in Held Kashmir, the killing of Kashmir resistance fighter Burhan Wani has sparked off, Indian Prime Minister Narendra Modi seems to have decided offence is the best defence. In his Independence Day speech he let
Published 22 Aug, 2016 12:00am
Loss of Iranian rice market
Cotton

Loss of Iranian rice market

According to a Business Recorder exclusive, Pakistan has lost the Iranian rice market to India due to lack of proper transaction channels. The lack of transaction channels refer to the justifiable reluctance of Pakistani commercial banks, particula
Published 22 Aug, 2016 12:00am
Killing of cleric widely Condemned

Killing of cleric widely Condemned

Religious scholars from different schools of thoughts, have condemned the killing of a religious cleric, and asked the Khyber Pakhtunkhwa government to take prompt steps for protection of the lives and property of the masses in the province.
Published 22 Aug, 2016 12:00am
KP to set up academy to increase capacity building of officials

KP to set up academy to increase capacity building of officials

The provincial government of Khyber Pakhtunkhwa has moved a Bill in the provincial assembly for establishing of an academy, imparting training to the academic and managerial staff of the Higher Education, Archives and Libraries Department to develop their
Published 22 Aug, 2016 12:00am
PEW hails government step towards regulating real estate market

PEW hails government step towards regulating real estate market

The Pakistan Economy Watch (PEW) on Sunday praised the Finance Minister Ishaq Dar for taking steps to regulate the real market which will help government raise billions of rupees and increase the size of documented economy.
Published 22 Aug, 2016 12:00am
Three women tourists killed near Saiful Muluk lake

Three women tourists killed near Saiful Muluk lake

At least three female tourists died after being trapped under avalanche near Saiful Muluk lake, Naran on Sunday. According to reports, the women were snapping pictures near the popular lake when avalanche fell on them. They died on the spot. The bodies of
Published 22 Aug, 2016 12:00am
ICST concerned over widening current account deficit

ICST concerned over widening current account deficit

Islamabad Chamber of Small Traders (ICST) on Sunday expressed concern over widening current account deficit and asked the government to take steps to arrest the fall. Current account deficit widened to $591 million in July 2016, more than double from $234
Published 22 Aug, 2016 12:00am
Case registered against 22 involved in electricity theft

Case registered against 22 involved in electricity theft

A case regarding electricity theft was registered on Sunday against 22 people in Khyber Pakhtunkhwa Chief Minister Pervaiz Khattak's native village Manki Sharif also involving some of Khattak's close relatives. Peshawar Electric Supply Company (PESCO) car
Published 22 Aug, 2016 12:00am
Parliamentarians pledge to address issue of under-nutrition

Parliamentarians pledge to address issue of under-nutrition

Parliament-arians belonging to PTI, JUI, JI and QWP parties pledged their support to address the issue of under-nutrition in Khyber Pakhtunkhwa during a briefing of parliamentarians organised by United Rural Development Organisation (URDO), a member of Sc
Published 22 Aug, 2016 12:00am
Rashid calls for unity among Muslims to overcome challenges

Rashid calls for unity among Muslims to overcome challenges

Information Minister Pervaiz Rashid has stressed on unity among the Muslim Ummah to successfully deal with contemporary challenges. Speaking at a conference on Muslims unity and dignity of the holy shrines of Mecca and Medina he said a Muslim couldn't con
Published 22 Aug, 2016 12:00am
Ginners group names Dr Jeso Mal for chairmanship of PCGA
Cotton

Ginners group names Dr Jeso Mal for chairmanship of PCGA

Ginners group has nominated Dr Jeso Mal (Sindh Agro Industries), a candidate for the chairmanship of Pakistan Cotton Ginners Association (PCGA) in election for 2016-17. However opponent group could not reach to consensus for its candidate.
Published 22 Aug, 2016 12:00am
Special relaxation for Baloch students: Shahbaz grants permission

Special relaxation for Baloch students: Shahbaz grants permission

Punjab Chief Minister Muhammad Shahbaz Sharif, on the request of Chief Minister Balochistan Sanaullah Zehri, has granted permission to male and female students residing in Balochistan and holding domicile of Punjab to participate in entry test of medical
Published 22 Aug, 2016 12:00am
MCCI calls for resolving property valuation issue

MCCI calls for resolving property valuation issue

President of the Multan Chamber of Commerce and Industry (MCCI),Fareed Mughis Sheikh, has called for resolving the property valuation issue on priority basis particularly in Multan district which is less developed and backward area.
Published 22 Aug, 2016 12:00am
Promised prosperity never arrived in Russian-held Crimea

Promised prosperity never arrived in Russian-held Crimea

More than two years after Russia annexed Crimea and promised its 2 million people a better life, residents say prices have soared, wages and pensions have stagnated and tourists have fled. The sunny and mountainous Black Sea peninsula is back in the news,
Published 22 Aug, 2016 12:00am
Croatia's politicians promise tax cuts, woo upstarts before vote

Croatia's politicians promise tax cuts, woo upstarts before vote

Croatia's two biggest parties are promising tax cuts and toning down talk of tough reforms as well as building alliances with smaller, mostly upstart parties to try to convince voters they can produce a stable government in September's snap election.
Published 22 Aug, 2016 12:00am
Trump pitches softer line on immigration: 'fair and humane'

Trump pitches softer line on immigration: 'fair and humane'

Donald Trump's vow to deport 11 million undocumented immigrants if elected president appeared to be undergoing a shift Sunday as the struggling Republican candidate reaches out to minorities alienated by his harsh rhetoric.
Published 22 Aug, 2016 12:00am
Briton named suspect with Australian in Bali murder

Briton named suspect with Australian in Bali murder

A British man has been named a suspect, along with an Australian woman, in the murder of an Indonesian policeman on the resort island of Bali, police said Sunday. Forensic teams have identified the blood of the slain policeman in a hotel room occupied by
Published 22 Aug, 2016 12:00am
Brother of Syrian boy pictured in Aleppo dies of his wounds

Brother of Syrian boy pictured in Aleppo dies of his wounds

The older brother of a Syrian boy whose image, dazed and bloodied after an air strike, shocked people around the world, has died in Aleppo from wounds sustained in the same incident, a war monitor, a local council official and a witness said.
Published 22 Aug, 2016 12:00am
Syrian rebels prepare attack from Turkey on Islamic State town

Syrian rebels prepare attack from Turkey on Islamic State town

Hundreds of Syrian rebels are preparing to launch an operation to capture a town held by Islamic State at the border with Turkey, a senior Syrian rebel said on Sunday, a move that would frustrate Kurdish hopes to expand further in that area.
Published 22 Aug, 2016 12:00am
Turkish journalist fears government bid to link him to coup

Turkish journalist fears government bid to link him to coup

Leading Turkish journalist Can Dundar, sentenced to six years for publishing state secrets involving Ankara's Syria operations, says he is planning to stay abroad, fearing new charges intended to link him to an abortive military coup.
Published 22 Aug, 2016 12:00am
Aleshin makes IndyCar history

Aleshin makes IndyCar history

Mikhail Aleshin finished first in qualifying on Saturday for the ABC Supply 500 race, becoming the first Russian to win a pole position in IndyCar Series history. The Schmidt Peterson Motorsports driver averaged 220.44 mph over two laps at the Pocono Race
Published 22 Aug, 2016 12:00am
Day four abandoned in Trinidad

Day four abandoned in Trinidad

Play was abandoned without a ball being bowled for a third consecutive day on the scheduled fourth day of the fourth and final Test between the West Indies and India at the Queen's Park Oval in Trinidad on Sunday. Umpires Nigel Llong and Rod Tucker determ
Published 22 Aug, 2016 12:00am
Wet outfield wipes out play on day three in Durban

Wet outfield wipes out play on day three in Durban

Play was abandoned because of a wet outfield without a ball being bowled on the third day of the first test between South Africa and New Zealand on Sunday. Rain on Saturday had curtailed play from just before the end of the first session with New Zealand
Published 22 Aug, 2016 12:00am
Australia win first ODI

Australia win first ODI

Half-centuries from Aaron Finch and skipper Steve Smith helped Australia pull off a tricky chase to defeat a resilient Sri Lanka by three wickets in the first one-day international in Colombo on Sunday.
Published 22 Aug, 2016 12:00am
Neymar hands Brazil precious football gold medal

Neymar hands Brazil precious football gold medal

Neymar shed tears of joy after delivering Brazil's first men's football gold medal with the winning penalty in a 5-4 shootout triumph over Germany after a thrilling final ended in a draw following extra-time on Saturday.
Published 22 Aug, 2016 12:00am
US win sixth straight basketball gold

US win sixth straight basketball gold

The United States women's basketball team thumped Spain 101-72 to claim a sixth straight gold medal on Saturday to rubber-stamp their credentials as one of the greatest Olympic sporting dynasties of all time.
Published 22 Aug, 2016 12:00am
Russia win rhythmic gymnasts gold

Russia win rhythmic gymnasts gold

A free flowing acrobatic display with hoops and clubs saw Russia's rhythmic gymnasts shut out the rest of the world as they won a fifth successive group all-around Olympic title on Sunday. Spain had high hopes of ending Russia's reign as they led at the h
Published 22 Aug, 2016 12:00am
Kenya's Kipchoge triumphs in men's marathon

Kenya's Kipchoge triumphs in men's marathon

Kenya's Eliud Kipchoge won the men's Olympic marathon with a dominating performance, running alone into the Sambadrome and finishing in two hours, eight minutes and 44 seconds on Sunday.
Published 22 Aug, 2016 12:00am
Rohler wins Germany's first javelin gold in 80 years

Rohler wins Germany's first javelin gold in 80 years

Thomas Rohler offered Germany a crumb of comfort after their football team lost to Brazil in the Olympic final by winning his country's first javelin gold in 80 years. The unheralded Rohler launched a best of 90.30 metres for Germany's first in the javeli
Published 22 Aug, 2016 12:00am
Chen Aisen wins gold for China in men's 10 metre platform

Chen Aisen wins gold for China in men's 10 metre platform

Chen Aisen claimed Olympic gold in the men's 10 metre platform event on Saturday to help China take home seven out of Rio's eight diving golds, while Mexico's German Sanchez and American David Boudia took the silver and bronze.
Published 22 Aug, 2016 12:00am
Farah secures distance double-double, US clean up

Farah secures distance double-double, US clean up

Briton Mo Farah joined the ranks of the all-time distance greats on Saturday by becoming just the second man to retain both Olympic track long distance titles after adding a brilliant 5,000m gold to his 10,000 at the Rio Games.
Published 22 Aug, 2016 12:00am
Gulf tourism frenzy in Bosnia delights business, polarises locals

Gulf tourism frenzy in Bosnia delights business, polarises locals

Abdulah Al Sanousi enjoys the breeze in the lush resort outside Sarajevo where his family bought a flat to escape the summer heat at home in Kuwait, one of thousands of new Gulf buyers whose investment has polarized local opinion.
Published 22 Aug, 2016 12:00am
Uber buying self-driving truck start-up Otto

Uber buying self-driving truck start-up Otto

The US ride-sharing service Uber announced Thursday it had acquired the commercial transport-focused tech start-up Otto as the company presses ahead with its pursuit of self-driving technology.
Published 22 Aug, 2016 12:00am
China's Vanke says confidence hit by take-over battle

China's Vanke says confidence hit by take-over battle

China Vanke Co, the residential property developer at the centre of a high-profile power struggle, said on Sunday its business operations have suffered as a resuult of the battle for control. While net profits at Vanke, China's biggest home builder, rose
Published 22 Aug, 2016 12:00am
Sick throng Indian capital's new, high-tech clinics

Sick throng Indian capital's new, high-tech clinics

For asthma sufferer Mohan Lal, regular visits to the Indian capital's hospitals were a nightmare of waiting in endless queues in sweltering corridors that swarm with mosquitoes. But a spotless and air-conditioned clinic boasting innovative diagnostic tech
Published 22 Aug, 2016 12:00am
Zika virus infection may harm adult brain

Zika virus infection may harm adult brain

Research using lab mice has shown for the first time that infection with the mosquito-borne Zika virus may damage adult brain cells, not just developing fetuses, said a study on Thursday.
Published 22 Aug, 2016 12:00am
After drought, South Africa threatened by floods

After drought, South Africa threatened by floods

UN agencies warned on Thursday that southern African countries were at risk of another year of food shortages as the drought-hit region is expected to be hit by above-average rainfall likely to trigger floods.
Published 22 Aug, 2016 12:00am
Heart disease epidemic will rise in China: study

Heart disease epidemic will rise in China: study

China is facing an epidemic of heart disease brought on by a shift toward the Western lifestyle, and researchers said on Monday the trend shows no sign of slowing down.
Published 22 Aug, 2016 12:00am
One new drug for three deadly tropical diseases

One new drug for three deadly tropical diseases

Scientists unveiled findings on Monday that could lead to a single treatment for a trio of deadly maladies found mostly in the world's poorest countries. Collectively, these so-called "neglected tropical diseases" affect tens of millions of people and cla
Published 22 Aug, 2016 12:00am
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