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Print - 2018-03-26
UN says needs $350 million for Yemen, calling it 'peanuts'

UN says needs $350 million for Yemen, calling it 'peanuts'

The UN urgently needs $350 million for humanitarian projects in Yemen, a senior official said Sunday, insisting it was mere "peanuts" compared with the cost of the country's war. Geeet Cappelaere, Middle East and North Africa director at the UN children's
Published 26 Mar, 2018 12:00am
UN says needs $350 million for Yemen, calling it 'peanuts'

UN says needs $350 million for Yemen, calling it 'peanuts'

The UN urgently needs $350 million for humanitarian projects in Yemen, a senior official said Sunday, insisting it was mere "peanuts" compared with the cost of the country's war. Geeet Cappelaere, Middle East and North Africa director at the UN children's
Published 26 Mar, 2018 12:00am
Russia denies aiding Afghan Taliban

Russia denies aiding Afghan Taliban

Russia has rejected comments by NATO's top commander in Afghanistan that it has been supporting and even supplying weapons to the Taliban, in a clash of words that underlines growing tension over Moscow's involvement in the conflict. In an interview with
Published 26 Mar, 2018 12:00am
Russia denies aiding Afghan Taliban

Russia denies aiding Afghan Taliban

Russia has rejected comments by NATO's top commander in Afghanistan that it has been supporting and even supplying weapons to the Taliban, in a clash of words that underlines growing tension over Moscow's involvement in the conflict. In an interview with
Published 26 Mar, 2018 12:00am
German police arrest ex-Catalan leader

German police arrest ex-Catalan leader

German police on Sunday arrested Catalonia's former president Carles Puigdemont as he crossed the border with Denmark by car, after Spain's Supreme Court vowed to prosecute key separatists over their breakaway bid. The arrest comes five months after Puigd
Published 26 Mar, 2018 12:00am
German police arrest ex-Catalan leader

German police arrest ex-Catalan leader

German police on Sunday arrested Catalonia's former president Carles Puigdemont as he crossed the border with Denmark by car, after Spain's Supreme Court vowed to prosecute key separatists over their breakaway bid. The arrest comes five months after Puigd
Published 26 Mar, 2018 12:00am
Turkmenistan vote spotlights president's son

Turkmenistan vote spotlights president's son

Voting concluded in Turkmenistan's parliamentary election Sunday, the central election commission said, in a ballot that could indicate a path towards hereditary succession in the gas-rich former Soviet state. Polls in the authoritarian Central Asian coun
Published 26 Mar, 2018 12:00am
Turkmenistan vote spotlights president's son

Turkmenistan vote spotlights president's son

Voting concluded in Turkmenistan's parliamentary election Sunday, the central election commission said, in a ballot that could indicate a path towards hereditary succession in the gas-rich former Soviet state. Polls in the authoritarian Central Asian coun
Published 26 Mar, 2018 12:00am
Modi says guaranteed crop prices to take all costs into account

Modi says guaranteed crop prices to take all costs into account

Indian Prime Minister Narendra Modi said on Sunday a planned increase in guaranteed price for farm goods will be based on the comprehensive cost of production including land rentals and unpaid-for labour by family members of a farmer.
Published 26 Mar, 2018 12:00am
Modi says guaranteed crop prices to take all costs into account

Modi says guaranteed crop prices to take all costs into account

Indian Prime Minister Narendra Modi said on Sunday a planned increase in guaranteed price for farm goods will be based on the comprehensive cost of production including land rentals and unpaid-for labour by family members of a farmer.
Published 26 Mar, 2018 12:00am
Modi says guaranteed crop prices to take all costs into account

Modi says guaranteed crop prices to take all costs into account

Indian Prime Minister Narendra Modi said on Sunday a planned increase in guaranteed price for farm goods will be based on the comprehensive cost of production including land rentals and unpaid-for labour by family members of a farmer.
Published 26 Mar, 2018 12:00am
Senate elections Imran slams PM over 'horse-trading' allegations

Senate elections Imran slams PM over 'horse-trading' allegations

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan questioned on Sunday how anyone can be expected to respect the Supreme Court's decision when the country's Prime Minister is not doing the same. In a series of tweets, PTI Chairman Imran Khan posted quest
Published 26 Mar, 2018 12:00am
Senate elections Imran slams PM over 'horse-trading' allegations

Senate elections Imran slams PM over 'horse-trading' allegations

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan questioned on Sunday how anyone can be expected to respect the Supreme Court's decision when the country's Prime Minister is not doing the same. In a series of tweets, PTI Chairman Imran Khan posted quest
Published 26 Mar, 2018 12:00am
PML-N's board to decide tickets' distribution: PM

PML-N's board to decide tickets' distribution: PM

Prime Minister Shahid Khaqan Abbasi has said that parliamentary board of Pakistan Muslim League-Nawaz (PML-N) would decide the distribution of party tickets for forthcoming general election. The prime minister on Sunday said in a statement the decision to
Published 26 Mar, 2018 12:00am
PML-N's board to decide tickets' distribution: PM

PML-N's board to decide tickets' distribution: PM

Prime Minister Shahid Khaqan Abbasi has said that parliamentary board of Pakistan Muslim League-Nawaz (PML-N) would decide the distribution of party tickets for forthcoming general election. The prime minister on Sunday said in a statement the decision to
Published 26 Mar, 2018 12:00am
Successful applicants can send relatives to Hajj

Successful applicants can send relatives to Hajj

The successful applicants for Hajj 2018, who want to send their close relative to perform Hajj on their behalf, have asked to submit applications for the purpose. According to a notification issued by the ministry, the successful applicants of government
Published 26 Mar, 2018 12:00am
Successful applicants can send relatives to Hajj

Successful applicants can send relatives to Hajj

The successful applicants for Hajj 2018, who want to send their close relative to perform Hajj on their behalf, have asked to submit applications for the purpose. According to a notification issued by the ministry, the successful applicants of government
Published 26 Mar, 2018 12:00am
Panama Papers case causes instability?

Panama Papers case causes instability?

According to the prime minister, Shahid Khaqan Abbasi, the Panama Papers case has caused instability in the country. He argues that specific legal cases, including the Panama Papers, eventually caused instability in the country; otherwise, it would have b
Published 26 Mar, 2018 12:00am
Police, politicians accused of joining Sri Lanka's anti-Muslim riots

Police, politicians accused of joining Sri Lanka's anti-Muslim riots

Police and politicians backed by the country's former strongman President Mahinda Rajapaksa joined anti-Muslim riots that rocked Sri Lanka's Kandy district this month, according to witnesses, officials and CCTV footage reviewed by Reuters.
Published 26 Mar, 2018 12:00am
To sell or not to sell
Exchange

To sell or not to sell

If you can't run it, sell it; if you can't manage it, merge it; if you can't improve it, destroy it; if you can't handle it, mishandle it. This seems to be the mantra prevailing in the minds of our privatization experts and wizards. The image of public se
Published 26 Mar, 2018 12:00am
The rupee Depreciation
Exchange

The rupee Depreciation

The Pakistani rupee traded at 115.4 rupees to the dollar this Tuesday from 110.5 rupees to the dollar a day earlier - a depreciation of 4.5 percent. It will stabilize at around 115 rupees to the dollar - the level that Advisor to the Prime Minister on Fin
Published 26 Mar, 2018 12:00am
CJP's riposte

CJP's riposte

March 23, 2018 being Pakistan Day produced the usual spate of messages from leaders. While many of such messages are traditionally conventional, noteworthy ones too were on display this time. Perhaps the most significant amongst these was the riposte of C
Published 26 Mar, 2018 12:00am
Woeful increase in external borrowing

Woeful increase in external borrowing

A Business Recorder exclusive notes Pakistan has already received 7.6 billion dollar multilateral/bilateral support in July-February 2017-18 - 2.7 billion dollars more than what was received in the comparable period of last year, which implies an i
Published 26 Mar, 2018 12:00am
Lawyers decline Trump legal team invite

Lawyers decline Trump legal team invite

US President Donald Trump insisted Sunday there was no shortage of lawyers willing to help him fight a collusion investigation as two more attorneys decided against joining his defence team. Days after the resignation of John Dowd as Trump's lead attorney
Published 26 Mar, 2018 12:00am
Facebook runs UK, US newspaper ads apologising for data scandal
Kerb

Facebook runs UK, US newspaper ads apologising for data scandal

Facebook chief Mark Zuckerberg took out full-page ads in nine major British and US newspapers on Sunday to apologise for a huge data privacy scandal. "We have a responsibility to protect your information. If we can''t we don''t deserve it," he said.
Published 26 Mar, 2018 12:00am
Facebook runs UK, US newspaper ads apologising for data scandal
Kerb

Facebook runs UK, US newspaper ads apologising for data scandal

Facebook chief Mark Zuckerberg took out full-page ads in nine major British and US newspapers on Sunday to apologise for a huge data privacy scandal. "We have a responsibility to protect your information. If we can't we don't deserve it," he said.
Published 26 Mar, 2018 12:00am
Facebook runs UK, US newspaper ads apologising for data scandal
Kerb

Facebook runs UK, US newspaper ads apologising for data scandal

Facebook chief Mark Zuckerberg took out full-page ads in nine major British and US newspapers on Sunday to apologise for a huge data privacy scandal. "We have a responsibility to protect your information. If we can't we don't deserve it," he said.
Published 26 Mar, 2018 12:00am
Futures spread down by 500 basis points

Futures spread down by 500 basis points

The futures spread declined by 500bps to negative 0.37 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 47.2 percent to 44.78 million shares. The average d
Published 26 Mar, 2018 12:00am
Futures spread down by 500 basis points

Futures spread down by 500 basis points

The futures spread declined by 500bps to negative 0.37 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 47.2 percent to 44.78 million shares. The average d
Published 26 Mar, 2018 12:00am
Bullish trend witnessed
Exchange

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on March 22, 2018 due to healthy buying in various sectors. BRIndex100 gained 223.61 points on week-on-week basis to close at 4,880.67 points. Average daily trading volumes sto
Published 26 Mar, 2018 12:00am
Bullish trend witnessed
Exchange

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on March 22, 2018 due to healthy buying in various sectors. BRIndex100 gained 223.61 points on week-on-week basis to close at 4,880.67 points. Average daily trading volumes sto
Published 26 Mar, 2018 12:00am
Bullish trend witnessed
Exchange

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on March 22, 2018 due to healthy buying in various sectors. BRIndex100 gained 223.61 points on week-on-week basis to close at 4,880.67 points. Average daily trading volumes sto
Published 26 Mar, 2018 12:00am
Proposed second phase of CPFTA: Commerce Division, FBR lock horns

Proposed second phase of CPFTA: Commerce Division, FBR lock horns

Commerce Division and Federal Board of Revenue (FBR) are said to have locked horns on the proposed second phase of China Pakistan Free Trade Agreement (CPFTA), which the local industry claims has already destroyed it, well informed sources in Commerce Div
Published 26 Mar, 2018 12:00am
Proposed second phase of CPFTA: Commerce Division, FBR lock horns

Proposed second phase of CPFTA: Commerce Division, FBR lock horns

Commerce Division and Federal Board of Revenue (FBR) are said to have locked horns on the proposed second phase of China Pakistan Free Trade Agreement (CPFTA), which the local industry claims has already destroyed it, well informed sources in Commerce Div
Published 26 Mar, 2018 12:00am
Proposed second phase of CPFTA: Commerce Division, FBR lock horns

Proposed second phase of CPFTA: Commerce Division, FBR lock horns

Commerce Division and Federal Board of Revenue (FBR) are said to have locked horns on the proposed second phase of China Pakistan Free Trade Agreement (CPFTA), which the local industry claims has already destroyed it, well informed sources in Commerce Div
Published 26 Mar, 2018 12:00am
PSL to portray positive image of Karachi: PM

PSL to portray positive image of Karachi: PM

Prime Minister Shahid Khaqan Abbasi on Sunday congratulated the entire nation on the successful holding of the Pakistan Super League (PSL). In a statement, he said the revival of sports activities, growth of economy and restoration of peace were an eviden
Published 26 Mar, 2018 12:00am
PSL to portray positive image of Karachi: PM

PSL to portray positive image of Karachi: PM

Prime Minister Shahid Khaqan Abbasi on Sunday congratulated the entire nation on the successful holding of the Pakistan Super League (PSL). In a statement, he said the revival of sports activities, growth of economy and restoration of peace were an eviden
Published 26 Mar, 2018 12:00am
'Imposed terrorism' is on its way out: DG ISPR

'Imposed terrorism' is on its way out: DG ISPR

Director General Inter-Service Public Relations (ISPR) Major-General Asif on Sunday thanked Pakistan Cricket Board (PCB), foreign players, government administration, security apparatus and resilient Pakistan for bringing Pakistan Super League (PSL) 2018 f
Published 26 Mar, 2018 12:00am
'Imposed terrorism' is on its way out: DG ISPR

'Imposed terrorism' is on its way out: DG ISPR

Director General Inter-Service Public Relations (ISPR) Major-General Asif on Sunday thanked Pakistan Cricket Board (PCB), foreign players, government administration, security apparatus and resilient Pakistan for bringing Pakistan Super League (PSL) 2018 f
Published 26 Mar, 2018 12:00am
THE RUPEE: falls sharply
Currency

THE RUPEE: falls sharply

The rupee lost sharply against the dollar on the money market during the ended on March 24, 2018 In the open market, the rupee fell over five percent or Rs 5.00 in relation to the dollar for buying and selling at Rs 114.20 and Rs 115.20, respectively. The
Published 26 Mar, 2018 12:00am
THE RUPEE: falls sharply
Currency

THE RUPEE: falls sharply

The rupee lost sharply against the dollar on the money market during the ended on March 24, 2018 In the open market, the rupee fell over five percent or Rs 5.00 in relation to the dollar for buying and selling at Rs 114.20 and Rs 115.20, respectively. The
Published 26 Mar, 2018 12:00am
US unafraid of trade war, will proceed with China tariffs: Mnuchin

US unafraid of trade war, will proceed with China tariffs: Mnuchin

US Treasury Secretary Steve Mnuchin on Sunday insisted President Trump intends to implement $60 billion in tariffs on Chinese imports, saying the measures will benefit the economy long-term. Speaking on "Fox News Sunday," Mnuchin said unless a deal is rea
Published 26 Mar, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (March 25, 2018) and the forecast for Monday (March 26, 2018).

Published 26 Mar, 2018 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 19 to 22, 2018).

Published 26 Mar, 2018 12:00am
Bangladesh - art and culture

Bangladesh - art and culture

Culture Bangladesh is culturally vibrant country. Her deep rooted cultural heritage is amply reflected in her architecture, literature, dance, drama, music and painting. Bangladesh culture is influenced by three great religions- Islam, Hinduism, B
Published 26 Mar, 2018 12:00am
Investment in Bangladesh

Investment in Bangladesh

With improving education, health, technology and economic growth as well as the resulting increase of purchasing power of a large population of 160 million people, Bangladesh has a growing domestic market. Apart from that, Bangladesh also has substantial
Published 26 Mar, 2018 12:00am
Bangladesh economy
Exchange

Bangladesh economy

Bangladesh has been classified as a "Next Eleven" emerging market by Goldman Sachs. The JP Morgan has labelled Bangladesh as one of the ?Frontier Five? economies with high potential to become an attractive destination for investment as well. Besides, acco
Published 26 Mar, 2018 12:00am
Pin-prick blood test detects deadly sepsis

Pin-prick blood test detects deadly sepsis

Scientists on Monday unveiled a quick, cheap way to detect sepsis, a life-threatening condition in which the body is attacked by its own immune system. In clinical trials at Massachusetts General Hospital in Boston, the researchers - analysing a single dr
Published 26 Mar, 2018 12:00am
Pacific plastic dump far larger than feared

Pacific plastic dump far larger than feared

The vast dump of plastic waste swirling in the Pacific ocean is now bigger than France, Germany and Spain combined - far larger than previously feared - and is growing rapidly, a study published on Thursday warned.
Published 26 Mar, 2018 12:00am
Kids with brain injuries may have higher ADHD risk

Kids with brain injuries may have higher ADHD risk

Young children who are hospitalized with head injuries may be at higher than average risk for developing attention deficit hyperactivity disorder (ADHD) later on, a small study suggests. US researchers examined data on 187 children, including 81 who were
Published 26 Mar, 2018 12:00am
'World sees rapid upsurge in extreme weather'

'World sees rapid upsurge in extreme weather'

A world addled by climate change has seen a four-fold increase in major flooding events since 1980, and a doubling of significant storms, droughts and heat waves, Europe's national science academies jointly reported on Wednesday.
Published 26 Mar, 2018 12:00am
Stem cell eye treatment restores some vision

Stem cell eye treatment restores some vision

Two people with severe vision loss due to a degenerative eye disease are able to read after embryonic stem cell treatment, researchers said on Monday. The pair suffer from "wet" age-related macular degeneration, which can blur vision or cause a blind spot
Published 26 Mar, 2018 12:00am
More of a giant France-sized glacier floating on the ocean

More of a giant France-sized glacier floating on the ocean

More of a giant France-sized glacier in Antarctica is floating on the ocean than previously thought, scientists said on Tuesday, raising fears it could melt faster as the climate warms and have a dramatic impact on rising sea-levels.
Published 26 Mar, 2018 12:00am
Wearable brain scanner is gamechanger for neural care

Wearable brain scanner is gamechanger for neural care

British scientists on Wednesday unveiled a next-generation wearable brain scanner that can be donned like a helmet and allows patients to move freely while being scanned, potentially revolutionising neural care for children and the elderly.
Published 26 Mar, 2018 12:00am
GSMA advocates collaborative approach to closing 'gender gap' at CSW62

GSMA advocates collaborative approach to closing 'gender gap' at CSW62

The GSMA is supporting the sixty-second meeting of the Commission on the Status of Women (CSW62) taking place at the United Nations Headquarters in New York this month as part of its commitment to the Sustainable Developments Goals (SDGs), particularly SD
Published 26 Mar, 2018 12:00am
Apple grabs 2-year lead in 3D sensing race

Apple grabs 2-year lead in 3D sensing race

Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple's Face ID security, three major parts producers have told Reuters, handicapping Samsung and others on a technology that is set to be worth billions in revenu
Published 26 Mar, 2018 12:00am
Zuckerberg's shine dims as guardian of Facebook users
Kerb

Zuckerberg's shine dims as guardian of Facebook users

Mark Zuckerberg rose to wealth and fame with a mission of connecting everyone through Facebook, but now faces the wrath of users outraged he isn't doing more to defend their data. The latest crisis laying siege to the leading online social network has rai
Published 26 Mar, 2018 12:00am
Amazon tracks repeat shoppers for line-free Seattle store

Amazon tracks repeat shoppers for line-free Seattle store

Amazon.com Inc is tracking how regularly customers shop at its store without checkout lines in Seattle - and so far, the verdict is they keep coming back. "The ones who work very close, like in the building up above, will come down even just to grab a dri
Published 26 Mar, 2018 12:00am
Shopping on Instagram goes global with Shopify

Shopping on Instagram goes global with Shopify

Shopify Inc - the leading multi-channel commerce platform - March 20 announces its expanded integration with Instagram. The 'shopping on Instagram' feature that allows businesses to tag products in Instagram posts is now enabled for merchants in eight add
Published 26 Mar, 2018 12:00am
Index investment riskier than it looks
Exchange

Index investment riskier than it looks

Inflows into exchange-traded funds (ETFs) approached $500 billion last year, according to ETF.com. Even with February's market ructions, another $64 billion arrived in just the first two months of the year. The rapid growth of these index-linked financial
Published 26 Mar, 2018 12:00am
Index investment riskier than it looks
Exchange

Index investment riskier than it looks

Inflows into exchange-traded funds (ETFs) approached $500 billion last year, according to ETF.com. Even with February's market ructions, another $64 billion arrived in just the first two months of the year. The rapid growth of these index-linked financial
Published 26 Mar, 2018 12:00am
Stock market principles needed in crypto world: US SEC official
Exchange

Stock market principles needed in crypto world: US SEC official

The cryptocurrency trading marketplace could be improved by applying some of the principles from the stock market such as best execution and surveillance, a senior US Securities and Exchange Commission official said on Thursday. While the cryptocurrency m
Published 26 Mar, 2018 12:00am
Stock market principles needed in crypto world: US SEC official
Exchange

Stock market principles needed in crypto world: US SEC official

The cryptocurrency trading marketplace could be improved by applying some of the principles from the stock market such as best execution and surveillance, a senior US Securities and Exchange Commission official said on Thursday. While the cryptocurrency m
Published 26 Mar, 2018 12:00am
Dana Gas lifts Abu Dhabi index; some Saudi blue-chips advance

Dana Gas lifts Abu Dhabi index; some Saudi blue-chips advance

Gulf stock markets were generally little changed on Sunday, though Abu Dhabi's Dana Gas surged on news of plans for its first annual dividend for several years. The Abu Dhabi index rose 0.8 percent as Dana Gas jumped 8.3 percent after the board said it wo
Published 26 Mar, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 82.96-82.96 (Previous 82.96-82.96).
Published 26 Mar, 2018 12:00am
China money rates fall

China money rates fall

China's primary money rates fell this week on ample liquidity in the banking system, shrugging off a slight increase in short-term rates by the central bank following the Federal Reserve's hike in US ones. The People's Bank of China's (PBOC) move was a re
Published 26 Mar, 2018 12:00am
ECB ready to lend more bonds against cash

ECB ready to lend more bonds against cash

The European Central Bank has raised a cap on how many bonds it can lend to investors against cash, it said on Friday, boosting a tool that has helped ease a drought in sought-after government paper. The ECB is now prepared to lend out government bonds bo
Published 26 Mar, 2018 12:00am
ECB ready to lend more bonds against cash

ECB ready to lend more bonds against cash

The European Central Bank has raised a cap on how many bonds it can lend to investors against cash, it said on Friday, boosting a tool that has helped ease a drought in sought-after government paper. The ECB is now prepared to lend out government bonds bo
Published 26 Mar, 2018 12:00am
Wall Street's beloved FANG stock quartet maybe be breaking up

Wall Street's beloved FANG stock quartet maybe be breaking up

The quartet of technology stocks that has driven Wall Street indices to record highs in recent years may be breaking up, possibly undermining one of the best growth stories in a nine-year bull market. Facebook and Google-parent Alphabet tumbled this week
Published 26 Mar, 2018 12:00am
Spotify to go public on April 3
Exchange

Spotify to go public on April 3

Spotify will go public on April 3 as the world's largest streaming company lists on the New York Stock Exchange. Paul Vogel, the Swedish company's head of investor relations, made the announcement at the start of a day of briefings to potential funders in
Published 26 Mar, 2018 12:00am
France to create legal framework for cryptocurrency offerings
Currency

France to create legal framework for cryptocurrency offerings

France plans to create a legal framework for raising funds via cryptocurrencies and aims to become a leading centre for offerings in bitcoin-style digital currencies, its finance minister wrote on a news website. In an opinion piece on French website Nume
Published 26 Mar, 2018 12:00am
Wall Street week ahead: globalists buck US index fund trend

Wall Street week ahead: globalists buck US index fund trend

Volatility in US equity markets this year is pushing investors not only to invest in stocks abroad, but also to commit their money to an even more foreign place: the hands of stockpickers rather than index funds. A near decade of gains in US stock prices
Published 26 Mar, 2018 12:00am
Algeria vows tax reform in energy sector, eyes shale gas cooperation

Algeria vows tax reform in energy sector, eyes shale gas cooperation

Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP and Anadarko to exploit its shale gas reserves, officials said on Sunday. Opec member Algeria is a key
Published 26 Mar, 2018 12:00am
Johnson slams claims Brexit campaign broke spending rules

Johnson slams claims Brexit campaign broke spending rules

British Foreign Secretary Boris Johnson, a leading campaigner for Brexit, dismissed as "ludicrous" Saturday allegations that his side broke electoral spending rules during the 2016 EU referendum campaign. A whistleblower claimed that Vote Leave, the main
Published 26 Mar, 2018 12:00am
Israel to launch Big Data health project

Israel to launch Big Data health project

Israel will invest nearly 1 billion shekels ($287 million) in a project to make data about the state of health of its population available to researchers and private companies, Prime Minister Benjamin Netanyahu said on Sunday. Almost all of Israel's nine
Published 26 Mar, 2018 12:00am
Shale firms pump up dividends as industry focus on returns grows

Shale firms pump up dividends as industry focus on returns grows

Nearly a third of the 25 top US shale oil producers have paid or pledged to pay dividends this year, according to Reuters review of financial filings, the largest number since the shale boom took off a decade ago. Oil prices have risen by over a third in
Published 26 Mar, 2018 12:00am
Uber to sell Southeast Asia business to Grab

Uber to sell Southeast Asia business to Grab

Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the US company's second retreat from Asia. The deal, which
Published 26 Mar, 2018 12:00am
South Korea, US reach accord in principle on trade

South Korea, US reach accord in principle on trade

South Korea and the United States have reached an understanding on revising their free trade agreement (FTA) and on steel tariffs, Seoul's trade minister said Sunday. "Agreement on the bilateral FTA and steel issues has been reached in principle," Kim Hyu
Published 26 Mar, 2018 12:00am
Booming online luxury goods sales convert watchmakers to the web

Booming online luxury goods sales convert watchmakers to the web

A boom in online luxury goods sales is finally convincing high-end watchmakers, long sceptical that customers would pay thousands to buy intricate timepieces on the web, to step up their investments in e-commerce. Courting younger shoppers, brands large a
Published 26 Mar, 2018 12:00am
Abu Dhabi's utility folded into new energy department

Abu Dhabi's utility folded into new energy department

Abu Dhabi has folded utility Abu Dhabi Water & Electricity Authority (Adwea) into the emirate's newly established department of energy as part of a consolidation of state-owned entities, a spokesman for the department said on Sunday. The Regulation & Supe
Published 26 Mar, 2018 12:00am
Qantas launches first direct flight from Australia to London

Qantas launches first direct flight from Australia to London

Australia's first direct flight to Britain took off on Sunday from the western city of Perth, cutting flying time roughly three hours by skipping stopovers in Singapore or the Middle East, Qantas officials said. The 17-hour flight, operated by a Boeing 78
Published 26 Mar, 2018 12:00am
DP World wins 30-year Congo port concession

DP World wins 30-year Congo port concession

DP World said on Sunday it had won a 30-year management and development concession for a greenfield, multi-purpose port in the Democratic Republic of the Congo (DRC). The Dubai-owned port operator will set up joint venture with the Central African country
Published 26 Mar, 2018 12:00am
China renews pledges to open economy, protect IP rights

China renews pledges to open economy, protect IP rights

China pledged on Sunday to press ahead with market opening and reforms while reiterating that it will treat domestic and foreign firms equally and protect intellectual property rights. The pledge on reform and equal treatment came from Vice Premier Han Zh
Published 26 Mar, 2018 12:00am
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