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Print - 2018-07-30
EU trying to 'swindle' UK in Brexit talks: report

EU trying to 'swindle' UK in Brexit talks: report

Italy's far right deputy prime minister Matteo Salvini has accused the European Union of attempting to "swindle" the United Kingdom out of the Brexit people voted for in the landmark 2016 referendum, The Sunday Times reported.
Published 30 Jul, 2018 12:00am
Trump threatens government shutdown over immigration

Trump threatens government shutdown over immigration

US President Donald Trump said Sunday that he was prepared to "shut down" the government if Democrats fail to support his demand for more spending on border security, including a wall on the Mexican border. "I would be willing to 'shut down' government if
Published 30 Jul, 2018 12:00am
Trump threatens government shutdown over immigration

Trump threatens government shutdown over immigration

US President Donald Trump said Sunday that he was prepared to "shut down" the government if Democrats fail to support his demand for more spending on border security, including a wall on the Mexican border. "I would be willing to 'shut down' government if
Published 30 Jul, 2018 12:00am
Strong quake kills 14, injures scores, on Indonesia holiday island

Strong quake kills 14, injures scores, on Indonesia holiday island

A powerful earthquake which struck the Indonesian tourist island of Lombok on Sunday killed at least 14 people, injured scores and damaged thousands of homes, officials said. Five children were among those killed by the shallow 6.4-magnitude early-morning
Published 30 Jul, 2018 12:00am
Strong quake kills 14, injures scores, on Indonesia holiday island

Strong quake kills 14, injures scores, on Indonesia holiday island

A powerful earthquake which struck the Indonesian tourist island of Lombok on Sunday killed at least 14 people, injured scores and damaged thousands of homes, officials said. Five children were among those killed by the shallow 6.4-magnitude early-morning
Published 30 Jul, 2018 12:00am
Russian navy in show of strength with 26 new ships this year

Russian navy in show of strength with 26 new ships this year

Russia's navy will deploy a total of 26 new ships this year including four carrying Kalibr cruise missiles, President Vladimir Putin said Sunday as the country celebrated Navy Day with a show of strength. "In total in 2018 the navy should get 26 new warsh
Published 30 Jul, 2018 12:00am
Russian navy in show of strength with 26 new ships this year

Russian navy in show of strength with 26 new ships this year

Russia's navy will deploy a total of 26 new ships this year including four carrying Kalibr cruise missiles, President Vladimir Putin said Sunday as the country celebrated Navy Day with a show of strength. "In total in 2018 the navy should get 26 new warsh
Published 30 Jul, 2018 12:00am
Erdogan warns US over sanctions threat

Erdogan warns US over sanctions threat

President Recep Tayyip Erdoganwarned the US in comments published Sunday that sanctions would not force Ankara to "step back" after Donald Trump threatened to punish Turkey if a US pastor was not freed. "You cannot make Turkey take a step back with sancti
Published 30 Jul, 2018 12:00am
Erdogan warns US over sanctions threat

Erdogan warns US over sanctions threat

President Recep Tayyip Erdoganwarned the US in comments published Sunday that sanctions would not force Ankara to "step back" after Donald Trump threatened to punish Turkey if a US pastor was not freed. "You cannot make Turkey take a step back with sancti
Published 30 Jul, 2018 12:00am
Sindh Governor questions transparency of elections

Sindh Governor questions transparency of elections

Sindh Governor Mohammad Zubair said on Sunday that no one expected that this level of rigging would occur in the counting process. "The elections were managed in a way to make one particular party win," he said, speaking at a press conference at the Gover
Published 30 Jul, 2018 12:00am
Sindh Governor questions transparency of elections

Sindh Governor questions transparency of elections

Sindh Governor Mohammad Zubair said on Sunday that no one expected that this level of rigging would occur in the counting process. "The elections were managed in a way to make one particular party win," he said, speaking at a press conference at the Gover
Published 30 Jul, 2018 12:00am
Punjab government formation: PML-N seeks PPP's support

Punjab government formation: PML-N seeks PPP's support

Pakistan Muslim League-Nawaz's Central Working Committee and parliamentary group's meeting decided to intensify its effort to form the government in Punjab province, taking support from Pakistan Peoples Party in light of the Charter of Democracy that was
Published 30 Jul, 2018 12:00am
Punjab government formation: PML-N seeks PPP's support

Punjab government formation: PML-N seeks PPP's support

Pakistan Muslim League-Nawaz's Central Working Committee and parliamentary group's meeting decided to intensify its effort to form the government in Punjab province, taking support from Pakistan Peoples Party in light of the Charter of Democracy that was
Published 30 Jul, 2018 12:00am
Afghan president congratulates Imran on election win

Afghan president congratulates Imran on election win

Afghan President Ashraf Ghani on Sunday congratulated former cricket star Imran Khan on victory in the country's national elections and invited him to visit Kabul, said Naeemul Haq, a leader from Khan's Tehreek-e-Insaaf (PTI) party. The Afghan president i
Published 30 Jul, 2018 12:00am
Afghan president congratulates Imran on election win

Afghan president congratulates Imran on election win

Afghan President Ashraf Ghani on Sunday congratulated former cricket star Imran Khan on victory in the country's national elections and invited him to visit Kabul, said Naeemul Haq, a leader from Khan's Tehreek-e-Insaaf (PTI) party. The Afghan president i
Published 30 Jul, 2018 12:00am
Imran prays for Nawaz's speedy recovery

Imran prays for Nawaz's speedy recovery

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has prayed for Nawaz Sharif's early recovery after it was announced the former prime minister would be shifted to a hospital for medical treatment. A government official told on Sunday that doctors were c
Published 30 Jul, 2018 12:00am
Oath-taking: PML-N, PPP reject MMA proposal

Oath-taking: PML-N, PPP reject MMA proposal

Pakistan Muslim League (N) and Pakistan People's Party (PPP) on Sunday agreed that both the parties would go to the Parliament and play an effective role of the opposition. The two parties' delegations met at Speaker National Assembly Ayaz Sadiq's residen
Published 30 Jul, 2018 12:00am
Oath-taking: PML-N, PPP reject MMA proposal

Oath-taking: PML-N, PPP reject MMA proposal

Pakistan Muslim League (N) and Pakistan People's Party (PPP) on Sunday agreed that both the parties would go to the Parliament and play an effective role of the opposition. The two parties' delegations met at Speaker National Assembly Ayaz Sadiq's residen
Published 30 Jul, 2018 12:00am
Futures spread up by 121 basis points

Futures spread up by 121 basis points

The futures spread increased by 121bps to 2.84 percent on last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes surged by 230.7 percent to 165.10 million shares. Average daily trading valu
Published 30 Jul, 2018 12:00am
Futures spread up by 121 basis points

Futures spread up by 121 basis points

The futures spread increased by 121bps to 2.84 percent on last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes surged by 230.7 percent to 165.10 million shares. Average daily trading valu
Published 30 Jul, 2018 12:00am
Equities rebound

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on July 27, 2018 on the back of healthy buying in almost all sectors. BRIndex100 gained 207.76 points on week-on-week basis to close at 4,649.10 points. Average daily volumes s
Published 30 Jul, 2018 12:00am
Equities rebound

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on July 27, 2018 on the back of healthy buying in almost all sectors. BRIndex100 gained 207.76 points on week-on-week basis to close at 4,649.10 points. Average daily volumes s
Published 30 Jul, 2018 12:00am
Equities rebound

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on July 27, 2018 on the back of healthy buying in almost all sectors. BRIndex100 gained 207.76 points on week-on-week basis to close at 4,649.10 points. Average daily volumes s
Published 30 Jul, 2018 12:00am
Iran currency extends record fall as US sanctions loom
Currency

Iran currency extends record fall as US sanctions loom

Iran''s currency plunged to another record low on Sunday, dropping past 100,000 rials to the US dollar as Iranians brace for August 7 when the United States is due to reimpose a first lot of sanctions on their economy. In May the United States pulled out
Published 30 Jul, 2018 12:00am
Iran currency extends record fall as US sanctions loom
Currency

Iran currency extends record fall as US sanctions loom

Iran's currency plunged to another record low on Sunday, dropping past 100,000 rials to the US dollar as Iranians brace for August 7 when the United States is due to reimpose a first lot of sanctions on their economy. In May the United States pulled out o
Published 30 Jul, 2018 12:00am
Iran currency extends record fall as US sanctions loom
Currency

Iran currency extends record fall as US sanctions loom

Iran's currency plunged to another record low on Sunday, dropping past 100,000 rials to the US dollar as Iranians brace for August 7 when the United States is due to reimpose a first lot of sanctions on their economy. In May the United States pulled out o
Published 30 Jul, 2018 12:00am
Mnuchin reaffirms Fed''s independence

Mnuchin reaffirms Fed''s independence

US Treasury Secretary Steve Mnuchin offered assurances Sunday over the independence of the Federal Reserve as it heads into a two-day policy meeting that is expected to leave interest rates untouched despite a booming US economy. In an appearance on Fox N
Published 30 Jul, 2018 12:00am
Mnuchin reaffirms Fed's independence

Mnuchin reaffirms Fed's independence

US Treasury Secretary Steve Mnuchin offered assurances Sunday over the independence of the Federal Reserve as it heads into a two-day policy meeting that is expected to leave interest rates untouched despite a booming US economy. In an appearance on Fox N
Published 30 Jul, 2018 12:00am
Mnuchin reaffirms Fed's independence

Mnuchin reaffirms Fed's independence

US Treasury Secretary Steve Mnuchin offered assurances Sunday over the independence of the Federal Reserve as it heads into a two-day policy meeting that is expected to leave interest rates untouched despite a booming US economy. In an appearance on Fox N
Published 30 Jul, 2018 12:00am
Qatar's World Cup bid used 'black operations': UK report

Qatar's World Cup bid used 'black operations': UK report

Qatar's successful, controversy-plagued bid to host the 2022 World Cup has been hit by further allegations that they used a secret "black operations" propaganda campaign to undermine rival bids in violation of FIFA rules, according to The Sunday Times.
Published 30 Jul, 2018 12:00am
Qatar's World Cup bid used 'black operations': UK report

Qatar's World Cup bid used 'black operations': UK report

Qatar's successful, controversy-plagued bid to host the 2022 World Cup has been hit by further allegations that they used a secret "black operations" propaganda campaign to undermine rival bids in violation of FIFA rules, according to The Sunday Times.
Published 30 Jul, 2018 12:00am
Israel navy intercepts activist boat

Israel navy intercepts activist boat

Israel's navy on Sunday intercepted a Norwegian-flagged activist boat trying to break its more than decade-long blockade of the Gaza Strip, the military and activists said. "The activity ended without exceptional events," a military statement said. "At th
Published 30 Jul, 2018 12:00am
Israel navy intercepts activist boat

Israel navy intercepts activist boat

Israel's navy on Sunday intercepted a Norwegian-flagged activist boat trying to break its more than decade-long blockade of the Gaza Strip, the military and activists said. "The activity ended without exceptional events," a military statement said. "At th
Published 30 Jul, 2018 12:00am
As US pushes for Middle East peace, Saudi king reassures allies

As US pushes for Middle East peace, Saudi king reassures allies

Saudi Arabia has reassured Arab allies it will not endorse any Middle East peace plan that fails to address Jerusalem's status or refugees' right of return, easing their concerns that the kingdom might back a nascent US deal which aligns with Israel on ke
Published 30 Jul, 2018 12:00am
As US pushes for Middle East peace, Saudi king reassures allies

As US pushes for Middle East peace, Saudi king reassures allies

Saudi Arabia has reassured Arab allies it will not endorse any Middle East peace plan that fails to address Jerusalem's status or refugees' right of return, easing their concerns that the kingdom might back a nascent US deal which aligns with Israel on ke
Published 30 Jul, 2018 12:00am
Amnesty Scheme-2013: FBR fails to recover taxes from beneficiaries

Amnesty Scheme-2013: FBR fails to recover taxes from beneficiaries

Despite declaration of Nawaz Sharif Amnesty Scheme-2013 as illegal by Lahore High Court (LHC), Federal Board of Revenue (FBR) has yet not taken any steps to recover taxes from the beneficiaries of amnesty scheme earlier notified vide SRO No 1065(I)/2013.
Published 30 Jul, 2018 12:00am
Amnesty Scheme-2013: FBR fails to recover taxes from beneficiaries

Amnesty Scheme-2013: FBR fails to recover taxes from beneficiaries

Despite declaration of Nawaz Sharif Amnesty Scheme-2013 as illegal by Lahore High Court (LHC), Federal Board of Revenue (FBR) has yet not taken any steps to recover taxes from the beneficiaries of amnesty scheme earlier notified vide SRO No 1065(I)/2013.
Published 30 Jul, 2018 12:00am
Amnesty Scheme-2013: FBR fails to recover taxes from beneficiaries

Amnesty Scheme-2013: FBR fails to recover taxes from beneficiaries

Despite declaration of Nawaz Sharif Amnesty Scheme-2013 as illegal by Lahore High Court (LHC), Federal Board of Revenue (FBR) has yet not taken any steps to recover taxes from the beneficiaries of amnesty scheme earlier notified vide SRO No 1065(I)/2013.
Published 30 Jul, 2018 12:00am
THE RUPEEE: recovery on
Currency

THE RUPEEE: recovery on

The rupee managed to gain sharply against the dollar on the money market, during the week, ended on July 28, 2018. The rupee recovered 60 paisas in terms of the dollar for buying and selling at 127.80 and Rs 127.90.
Published 30 Jul, 2018 12:00am
THE RUPEEE: recovery on
Currency

THE RUPEEE: recovery on

The rupee managed to gain sharply against the dollar on the money market, during the week, ended on July 28, 2018. The rupee recovered 60 paisas in terms of the dollar for buying and selling at 127.80 and Rs 127.90.
Published 30 Jul, 2018 12:00am
56 public sector companies: SC seeks report from NAB in ten days

56 public sector companies: SC seeks report from NAB in ten days

The Supreme Court has referred alleged corruption in 56 public-sector companies of Punjab government case to the National Accountability Bureau (NAB) and directed that a report into the case be submitted within 10 days. Chief Justice, Justice Mian Saqib N
Published 30 Jul, 2018 12:00am
56 public sector companies: SC seeks report from NAB in ten days

56 public sector companies: SC seeks report from NAB in ten days

The Supreme Court has referred alleged corruption in 56 public-sector companies of Punjab government case to the National Accountability Bureau (NAB) and directed that a report into the case be submitted within 10 days. Chief Justice, Justice Mian Saqib N
Published 30 Jul, 2018 12:00am
56 public sector companies: SC seeks report from NAB in ten days

56 public sector companies: SC seeks report from NAB in ten days

The Supreme Court has referred alleged corruption in 56 public-sector companies of Punjab government case to the National Accountability Bureau (NAB) and directed that a report into the case be submitted within 10 days. Chief Justice, Justice Mian Saqib N
Published 30 Jul, 2018 12:00am
56 public sector companies: SC seeks report from NAB in ten days

56 public sector companies: SC seeks report from NAB in ten days

The Supreme Court has referred alleged corruption in 56 public-sector companies of Punjab government case to the National Accountability Bureau (NAB) and directed that a report into the case be submitted within 10 days. Chief Justice, Justice Mian Saqib N
Published 30 Jul, 2018 12:00am
Nawaz shifted to PIMS

Nawaz shifted to PIMS

Former premier Nawaz Sharif on Sunday was shifted to Pakistan Institute of Medical Sciences (PIMS) from Adiala prison on the orders of the caretaker government. The interim government has decided to shift the former prime minister Nawaz Sharif to Pakistan
Published 30 Jul, 2018 12:00am
Nawaz shifted to PIMS

Nawaz shifted to PIMS

Former premier Nawaz Sharif on Sunday was shifted to Pakistan Institute of Medical Sciences (PIMS) from Adiala prison on the orders of the caretaker government. The interim government has decided to shift the former prime minister Nawaz Sharif to Pakistan
Published 30 Jul, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (July 29, 2018) and the forecast for Sunday (July 30, 2018).

Published 30 Jul, 2018 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 23 to 27, 2018).

Published 30 Jul, 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. 83.75-83.75 (Previous 83.75-83.75).
Published 30 Jul, 2018 12:00am
Newer firms muscle in on banks' forex territory
Currency

Newer firms muscle in on banks' forex territory

Newer financial trading firms are expanding the volume of foreign exchange they trade in a market traditionally dominated by the big banks, industry data and rankings show. The share of non-bank market-makers in the spot currency business has risen to aro
Published 30 Jul, 2018 12:00am
SABIC beat fails to lift Saudi index; Dubai, Abu Dhabi lower

SABIC beat fails to lift Saudi index; Dubai, Abu Dhabi lower

Saudi Arabia's stock market slid on Sunday as better-than-expected earnings from Saudi Basic Industries Corp (SABIC), the largest listed company in the Gulf, failed to lift investor sentiment. The mood among investors was not helped by a decline in oil pr
Published 30 Jul, 2018 12:00am
China's money rates steady

China's money rates steady

China's primary money rates were flat this week despite the central bank skipping its regular open market operations, as a surprise injection of medium-term cash amid a turn by Beijing toward looser fiscal policy kept liquidity ample.
Published 30 Jul, 2018 12:00am
Euro members consider more super-long borrowing

Euro members consider more super-long borrowing

Belgium hopes to sell bonds with super long maturities soon, while bankers say several other euro zone governments and state-linked bodies may follow suit as the European Central Bank mulls pushing long term borrowing rates even lower.
Published 30 Jul, 2018 12:00am
Canadian dollar seen rising
Currency

Canadian dollar seen rising

The Canadian dollar is expected to strengthen over the coming year as a clearer outlook for the NAFTA trade pact opens the door to more Bank of Canada interest rate hikes, a Reuters poll of currency strategists showed. The loonie has weakened in recent we
Published 30 Jul, 2018 12:00am
Study warns of rising hacker threats to SAP, Oracle business software

Study warns of rising hacker threats to SAP, Oracle business software

At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms said in a study published on Wednesday.
Published 30 Jul, 2018 12:00am
For latest in orderliness, prisons look to computer tablets

For latest in orderliness, prisons look to computer tablets

Allowing inmates to stare at computer tablet screens for hours each day may be just the ticket for creating calm, orderly cellblocks, prison officials say. But tablets, growing in popularity in prisons nationwide, also can help inmates advance their educa
Published 30 Jul, 2018 12:00am
Uber resumes testing for autonomous cars in 'manual mode'

Uber resumes testing for autonomous cars in 'manual mode'

Uber said Tuesday it was taking the first step toward restarting its autonomous ridesharing program, putting its self-driving cars back on the road in "manual mode," with a driver at the wheel at all times. The ridesharing giant said its specially equippe
Published 30 Jul, 2018 12:00am
GSMA announces Mobile World Congress Americas

GSMA announces Mobile World Congress Americas

The GSMA Jul 26 announced several additions to the Mobile World Congress Americas event line-up, including new speakers in the conference program, additional participating companies and exhibition experiences, and new programs and events. The show will ta
Published 30 Jul, 2018 12:00am
Google launches free Wi-Fi hotspot network in Nigeria

Google launches free Wi-Fi hotspot network in Nigeria

Google launched a network of free Wi-Fi hotspots in Nigeria on Thursday, part of its effort to increase its presence in Africa's most populous nation. The US technology firm, owned by Alphabet Inc, has partnered with Nigerian fibre cable network provider
Published 30 Jul, 2018 12:00am
Amazon expands in Cape Town, stepping up cloud rivalry with Microsoft

Amazon expands in Cape Town, stepping up cloud rivalry with Microsoft

Amazon.com Inc is expanding its presence in the emerging tech hub of Cape Town, upping the ante in its regional battle with cloud computing rival Microsoft Corp. Amazon will be the sole tenant in a new, modern eight-story office building that's nearing co
Published 30 Jul, 2018 12:00am
GSK to shut BD drug making factory by end-2018

GSK to shut BD drug making factory by end-2018

GlaxoSmithKline will shut its drug manufacturing operations in Bangladesh by the end of this year and will continue with its healthcare business, the managing director of its local businesses said on Friday. Globally GSK's pharmaceuticals business has see
Published 30 Jul, 2018 12:00am
Telecom Italia to review strategic options for subsidiaries

Telecom Italia to review strategic options for subsidiaries

Telecom Italia (TIM) will press ahead with the sale of its stake in broadcasting unit Persidera while considering broader strategic options for the group's various subsidiaries. In a statement on six-month results, Italy's biggest phone group, whose large
Published 30 Jul, 2018 12:00am
SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth

SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth

A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter.
Published 30 Jul, 2018 12:00am
SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth

SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth

A proposed reshuffle of state assets would allow Saudi Arabia to delay the listing of national oil giant Aramco until 2020 or beyond while still spending on economic development projects, according to three sources familiar with the matter.
Published 30 Jul, 2018 12:00am
Bharti Airtel posts surprise Q1 profit on tax write-back

Bharti Airtel posts surprise Q1 profit on tax write-back

India's Bharti Airtel Ltd posted a surprise first-quarter profit helped by a tax write-back, though a pricing war in the country's telecoms sector continued to weigh on the mobile carrier's bottomline. Profit fell 73.5 percent to 973 million rupees ($14.1
Published 30 Jul, 2018 12:00am
Bharti Airtel posts surprise Q1 profit on tax write-back

Bharti Airtel posts surprise Q1 profit on tax write-back

India's Bharti Airtel Ltd posted a surprise first-quarter profit helped by a tax write-back, though a pricing war in the country's telecoms sector continued to weigh on the mobile carrier's bottomline. Profit fell 73.5 percent to 973 million rupees ($14.1
Published 30 Jul, 2018 12:00am
Etisalat Q2 profit up on lower capital expenditure

Etisalat Q2 profit up on lower capital expenditure

Emirates Telecommunications Group, also known as Etisalat, reported on Tuesday a 12.3 percent rise in second-quarter net profit as it cut capital expenditure and added more subscribers. Etisalat made a net profit of 2.2 billion dirhams ($599 million) in t
Published 30 Jul, 2018 12:00am
Etisalat Q2 profit up on lower capital expenditure

Etisalat Q2 profit up on lower capital expenditure

Emirates Telecommunications Group, also known as Etisalat, reported on Tuesday a 12.3 percent rise in second-quarter net profit as it cut capital expenditure and added more subscribers. Etisalat made a net profit of 2.2 billion dirhams ($599 million) in t
Published 30 Jul, 2018 12:00am
Hyundai Motor profit disappoints on US slump, slow China

Hyundai Motor profit disappoints on US slump, slow China

Hyundai Motor Co's quarterly net profit slumped 14 percent, missing estimates by a large margin, as the South Korean automaker continues to struggle with lacklustre sales in its key markets, China and the United States. The disappointing results, coming a
Published 30 Jul, 2018 12:00am
Hyundai Motor profit disappoints on US slump, slow China

Hyundai Motor profit disappoints on US slump, slow China

Hyundai Motor Co's quarterly net profit slumped 14 percent, missing estimates by a large margin, as the South Korean automaker continues to struggle with lacklustre sales in its key markets, China and the United States. The disappointing results, coming a
Published 30 Jul, 2018 12:00am
UBS boosts profits but trade tensions dim future

UBS boosts profits but trade tensions dim future

Switzerland's UBS posted a stronger-than-expected profit in the second quarter of 2018 but the largest money manager for the globe's rich saw a slip in its core businesss of banking for the wealthy Switzerland's largest bank also struck a cautious tone fo
Published 30 Jul, 2018 12:00am
UBS boosts profits but trade tensions dim future

UBS boosts profits but trade tensions dim future

Switzerland's UBS posted a stronger-than-expected profit in the second quarter of 2018 but the largest money manager for the globe's rich saw a slip in its core businesss of banking for the wealthy Switzerland's largest bank also struck a cautious tone fo
Published 30 Jul, 2018 12:00am
Scientists seek end to 'unscientific' HIV laws

Scientists seek end to 'unscientific' HIV laws

AIDS experts called on Wednesday for an end to laws that can see HIV-positive people jailed for exposing others to the virus, saying the approach was "unscientific" and worsening the killer epidemic. At least 68 countries have legislation that criminalise
Published 30 Jul, 2018 12:00am
Zika epidemic is not over, says Brazilian specialist

Zika epidemic is not over, says Brazilian specialist

Concern about the zika virus may have waned since the disease spiked in the months before the 2016 Rio Olympics, but the epidemic is not over, a Brazilian expert told AFP. Gustavo Correa Matta said government spending cuts in Brazil could hamper the abili
Published 30 Jul, 2018 12:00am
Ebola: profile of a dreaded killer

Ebola: profile of a dreaded killer

Fever, vomiting and intense diarrhoea are among the symptoms of Ebola, a virus that spreads through contact with bodily fluids, is highly infectious and extremely lethal. As the latest outbreak in the Democratic Republic of Congo (DRC) is declared over, h
Published 30 Jul, 2018 12:00am
Untouched ocean habitats rapidly shrinking: study

Untouched ocean habitats rapidly shrinking: study

Shipping, pollution and overfishing have reduced areas of "wilderness" to just 13 percent of the world's oceans, a study showed on Friday, warning untouched marine habitats could completely vanish within half a century. International researchers analysing
Published 30 Jul, 2018 12:00am
Long work week may up diabetes risk for women

Long work week may up diabetes risk for women

Women who work 45 hours or more each week could be more likely to develop diabetes, a Canadian study suggests. Researchers tracked 7,065 workers aged 35 and older in Ontario, Canada, over 12 years. None of them had diabetes at the start of the study or du
Published 30 Jul, 2018 12:00am
Life on Mars: Japan astronaut dreams after lake discovery

Life on Mars: Japan astronaut dreams after lake discovery

Japanese astronaut Norishige Kanai came back to earth last month but is still dreaming of space, especially after the discovery of an underground lake brought mankind one step closer to unravelling the mystery of life on Mars.
Published 30 Jul, 2018 12:00am
French luxury giants dive into Silicon Valley
Kerb

French luxury giants dive into Silicon Valley

Steve Jobs may have been a tech genius, but he clearly didn't care much for fashion. Facebook boss Mark Zuckerberg has followed in his footsteps, sporting a plain grey T-shirt every day for years - only to swap it for a simple black suit to testify before
Published 30 Jul, 2018 12:00am
Global auto powers plotting response to Trump auto tariff threats

Global auto powers plotting response to Trump auto tariff threats

Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva next week to discuss how to respond to threats by US President Donald Trump to impose tariffs on US imports of autos and car parts, officials familiar with the talks said.
Published 30 Jul, 2018 12:00am
Colgate-Palmolive to raise prices

Colgate-Palmolive to raise prices

Colgate-Palmolive Co said on Friday that it would "modestly" raise prices in the second-half of the year, mainly in emerging markets, as the world's largest toothpaste maker seeks relief from surging raw materials costs.
Published 30 Jul, 2018 12:00am
Infosys to build software development centre in India

Infosys to build software development centre in India

Indian IT giant Infosys Ltd said on Sunday it would build a software development centre in Noida in the northern state of Uttar Pradesh, with an initial investment of about 7.5 billion rupees ($109 million). India's second-biggest software services export
Published 30 Jul, 2018 12:00am
China's June industrial profit growth slows

China's June industrial profit growth slows

Profit growth for China's industrial firms eased in June from the previous month, data showed on Friday, as factory production slowed amid the worsening trade US dispute and Beijing's efforts to cut pollution and debt.
Published 30 Jul, 2018 12:00am
VW ex-boss Winterkorn in tax evasion probe

VW ex-boss Winterkorn in tax evasion probe

German prosecutors are investigating former Volkswagen boss Martin Winterkorn over suspicion that he may have evaded taxes, Bild am Sonntag reported. Winterkorn was already in the sights of investigators looking at whether he failed to inform investors pr
Published 30 Jul, 2018 12:00am
Trump's emergency aid to farmers could have negative side effects
Cotton

Trump's emergency aid to farmers could have negative side effects

For US farmers affected by the trade war unleashed by President Donald Trump, the $12 billion in emergency aid from his administration's is a temporary remedy, and it comes with several potential negative side effects. The Agriculture Department announced
Published 30 Jul, 2018 12:00am
Global economy has peaked; trade war torpedoes optimism

Global economy has peaked; trade war torpedoes optimism

Global economic activity remains solid but has already passed its peak, according to economists in Reuters polls who expect protectionist policies on trade, which show no signs of abating, to tap the brakes significantly. While trade conflict between the
Published 30 Jul, 2018 12:00am
Danilovic wins maiden WTA title in Moscow

Danilovic wins maiden WTA title in Moscow

Olga Danilovic clinched her first WTA title on Sunday with a 7-5, 6-7 (1/7), 6-4 win over Russia's Anastasia Potapova in a battle of 17-year-olds in the Moscow final. Serbian Danilovic, the world number 187, is the first lucky loser to win a WTA tournamen
Published 30 Jul, 2018 12:00am
Broad accepts England quicks could be rested during India series

Broad accepts England quicks could be rested during India series

Stuart Broad says he and his fellow England pacemen may have to accept being rested during the upcoming Test series with India. A packed schedule of five Tests in barely six weeks is one almost designed to work against fast bowlers on both sides, particul
Published 30 Jul, 2018 12:00am
Isner outlasts Ebden to set up all-American Atlanta rematch

Isner outlasts Ebden to set up all-American Atlanta rematch

Top seed John Isner booked his spot in his eighth Atlanta Open final, defeating Aussie Matthew Ebden 6-4, 6-7 (6/8), 6-1 in the semi-finals on Saturday. The hard-serving Isner avenged his only loss to Ebden in five career ATP Tour meetings when the Aussie
Published 30 Jul, 2018 12:00am
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