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Print - 2018-11-02
Five-man body formed for appointment of PTA members

Five-man body formed for appointment of PTA members

The federal government has constituted a five-member committee to be headed by Minister of State for Communications Murad Saeed for appointment of member (technical) and member (compliance & enforcement), Pakistan Telecommunication Authority (PTA).
Published 02 Nov, 2018 12:00am
US charges financier, former Goldman bankers for 1MDB

US charges financier, former Goldman bankers for 1MDB

US prosecutors unveiled criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Low Taek Jho tied to the alleged theft of billions from Malaysian sovereign wealth fund 1MDB.
Published 02 Nov, 2018 12:00am
US charges financier, former Goldman bankers for 1MDB

US charges financier, former Goldman bankers for 1MDB

US prosecutors unveiled criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Low Taek Jho tied to the alleged theft of billions from Malaysian sovereign wealth fund 1MDB.
Published 02 Nov, 2018 12:00am
US charges financier, former Goldman bankers for 1MDB

US charges financier, former Goldman bankers for 1MDB

US prosecutors unveiled criminal charges on Thursday against two former Goldman Sachs Inc bankers and Malaysian financier Low Taek Jho tied to the alleged theft of billions from Malaysian sovereign wealth fund 1MDB.
Published 02 Nov, 2018 12:00am
Kabul control slips, Afghan force losses at record: US watchdog

Kabul control slips, Afghan force losses at record: US watchdog

Kabul's control of Afghanistan slipped in recent months as local security forces suffered record-level casualties while making minimal or no progress against the Taliban, a US government watchdog said Thursday. The latest glimpse into Afghanistan's securi
Published 02 Nov, 2018 12:00am
Kabul control slips, Afghan force losses at record: US watchdog

Kabul control slips, Afghan force losses at record: US watchdog

Kabul's control of Afghanistan slipped in recent months as local security forces suffered record-level casualties while making minimal or no progress against the Taliban, a US government watchdog said Thursday. The latest glimpse into Afghanistan's securi
Published 02 Nov, 2018 12:00am
IHC chief justice: Justice Minallah's name recommended

IHC chief justice: Justice Minallah's name recommended

Judicial Commission of Pakistan on Thursday recommended Justice Athar Minallah's name for the office of chief justice of Islamabad High Court. Justice Athar is the senior most judge in the IHC after the removal of Shaukat Aziz Siddqui. Chief Justice Anwar
Published 02 Nov, 2018 12:00am
IHC chief justice: Justice Minallah's name recommended

IHC chief justice: Justice Minallah's name recommended

Judicial Commission of Pakistan on Thursday recommended Justice Athar Minallah's name for the office of chief justice of Islamabad High Court. Justice Athar is the senior most judge in the IHC after the removal of Shaukat Aziz Siddqui. Chief Justice Anwar
Published 02 Nov, 2018 12:00am
PM leaves for China

PM leaves for China

Prime Minister Imran Khan on Thursday left for China on his first official visit to hold crucial talks with Chinese leadership on further deepening the strategic partnership and enhance cooperation in various areas with special focus on China-Pakistan Eco
Published 02 Nov, 2018 12:00am
PM leaves for China

PM leaves for China

Prime Minister Imran Khan on Thursday left for China on his first official visit to hold crucial talks with Chinese leadership on further deepening the strategic partnership and enhance cooperation in various areas with special focus on China-Pakistan Eco
Published 02 Nov, 2018 12:00am
Increase in Railways revenue: IMF team briefed about steps taken

Increase in Railways revenue: IMF team briefed about steps taken

Federal Minister for Railways Sheikh Rashid Ahmad Thursday apprised a delegation of International Monetary Fund (IMF) of the measures taken for increasing the revenue and bringing improvement in infrastructure of Pakistan Railways. Teresa Daben Sanchez, R
Published 02 Nov, 2018 12:00am
Increase in Railways revenue: IMF team briefed about steps taken

Increase in Railways revenue: IMF team briefed about steps taken

Federal Minister for Railways Sheikh Rashid Ahmad Thursday apprised a delegation of International Monetary Fund (IMF) of the measures taken for increasing the revenue and bringing improvement in infrastructure of Pakistan Railways. Teresa Daben Sanchez, R
Published 02 Nov, 2018 12:00am
Increase in Railways revenue: IMF team briefed about steps taken

Increase in Railways revenue: IMF team briefed about steps taken

Federal Minister for Railways Sheikh Rashid Ahmad Thursday apprised a delegation of International Monetary Fund (IMF) of the measures taken for increasing the revenue and bringing improvement in infrastructure of Pakistan Railways. Teresa Daben Sanchez, R
Published 02 Nov, 2018 12:00am
Increase in Railways revenue: IMF team briefed about steps taken

Increase in Railways revenue: IMF team briefed about steps taken

Federal Minister for Railways Sheikh Rashid Ahmad Thursday apprised a delegation of International Monetary Fund (IMF) of the measures taken for increasing the revenue and bringing improvement in infrastructure of Pakistan Railways. Teresa Daben Sanchez, R
Published 02 Nov, 2018 12:00am
Sri Lanka crisis: president's party u-turns on parliament suspension

Sri Lanka crisis: president's party u-turns on parliament suspension

The Sri Lankan president's party on Thursday reignited a constitutional crisis over which of two rival prime ministers heads the government by insisting that parliament will remain suspended. A spokesman for President Maithripala Sirisena's party announce
Published 02 Nov, 2018 12:00am
Sri Lanka crisis: president's party u-turns on parliament suspension

Sri Lanka crisis: president's party u-turns on parliament suspension

The Sri Lankan president's party on Thursday reignited a constitutional crisis over which of two rival prime ministers heads the government by insisting that parliament will remain suspended. A spokesman for President Maithripala Sirisena's party announce
Published 02 Nov, 2018 12:00am
Google workers walk out in global protest over harassment

Google workers walk out in global protest over harassment

Hundreds of employees walked out of Google's European headquarters in Dublin on Thursday as part of a global campaign over the US tech giant's handling of sexual harassment that saw similar protests in London and Singapore.
Published 02 Nov, 2018 12:00am
Google workers walk out in global protest over harassment

Google workers walk out in global protest over harassment

Hundreds of employees walked out of Google's European headquarters in Dublin on Thursday as part of a global campaign over the US tech giant's handling of sexual harassment that saw similar protests in London and Singapore.
Published 02 Nov, 2018 12:00am
Google workers walk out in global protest over harassment

Google workers walk out in global protest over harassment

Hundreds of employees walked out of Google''s European headquarters in Dublin on Thursday as part of a global campaign over the US tech giant''s handling of sexual harassment that saw similar protests in London and Singapore.
Published 02 Nov, 2018 12:00am
Cyber attack on bank

Cyber attack on bank

There is no shortage of crooks who are always there to commit frauds to enrich themselves at the cost of others. An unpleasant incident happened on the morning of October 27, 2018 when BankIslami came under cyber attack; it detected certain abnormal trans
Published 02 Nov, 2018 12:00am
Smog again

Smog again

In what has become an annual ritual for some years, Lahore and its environs are once again in the grip of a thick cloud of smog that shows signs of getting worse. Overcast skies, no sunshine and a dreary layer of smoke and dust have blurred the city skyli
Published 02 Nov, 2018 12:00am
Reluctant return filers

Reluctant return filers

"FBR has until 10.10.2018 received 482,275 Income Tax returns for the Tax Year 2018, which are 170,208 more than the 312,067 Income Tax returns received for Tax Year 2017 by the same date, registering an impressive increase of 55%-Press release of October
Updated 02 Nov, 2018 02:32pm
Ensuring NAB's effectiveness

Ensuring NAB's effectiveness

Investing their ill-gotten millions in commerce and industry to make their gains legitimate money, the corrupt being contemptuous of the laws of the land do not even bother to conceal their past. It is particularly frustrating for the common citizen who m
Published 02 Nov, 2018 12:00am
Bank, government feud threatens India's economy
Currency

Bank, government feud threatens India's economy

A rift between India's government and central bank threatens to derail Asia's third-largest economy as it grapples with a perfect storm of problems including a plummeting rupee and cripplingly high fuel prices, analysts warn. Prime Minister Narendra Modi'
Published 02 Nov, 2018 12:00am
Iranian foreign minister's visit

Iranian foreign minister's visit

Iranian foreign minister Zarif's visit to Pakistan during which he met, among others, army chief General Javed Qamar Bajwa, brings under a sharper focus a high degree of pragmatism on the part of Tehran leadership in particular. According to media reports
Published 02 Nov, 2018 12:00am
SHC seeks report about availability of DNA facilities in Sindh

SHC seeks report about availability of DNA facilities in Sindh

Sindh High Court (SHC) has sought a complete mechanism with regard to status of facilities available in the province in respect of DNA laboratories and details of cases identified through DNA. SHC's bench headed by Justice Salahuddin Panhwar in an order,
Published 02 Nov, 2018 12:00am
Undemocratic regimes, extremists bent upon gagging press: Bilawal

Undemocratic regimes, extremists bent upon gagging press: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that impunity for crimes against journalists is an international issue as undemocratic regimes, extremist and anti-people forces are bent upon to wipe out press freedom from the globe.
Published 02 Nov, 2018 12:00am
Rana slams PM's address to nation

Rana slams PM's address to nation

Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah has said that Prime Minister Imran Kahn's address to the nation damaged the image of the country at international level. While talking to media persons in front of the Parliament House on Thursday
Published 02 Nov, 2018 12:00am
Osaka governor calls on Foreign Minister

Osaka governor calls on Foreign Minister

Governor of Osaka Prefecture of Japan, Ichiro Matsui, paid a courtesy call on the Foreign Minister Makhdoom Shah Mahmood Qureshi. The Governor of Osaka congratulated the foreign minister on his appointment and expressed his earnest desire to further stren
Published 02 Nov, 2018 12:00am
Twin cities Educational institutions to remain closed today

Twin cities Educational institutions to remain closed today

All government and provincial educational institutions in the twin cities of Rawalpindi and Islamabad would remain closed today (Friday) owing to the prevailing law and order situation in the country. The Federal Education Ministry announced this on Thurs
Published 02 Nov, 2018 12:00am
Senate panel for setting up of livestock university in Balochistan

Senate panel for setting up of livestock university in Balochistan

The Senate Standing Committee on Inter-Provincial Coordination has asked for establishment of a livestock university in Balochistan, which is rich in livestock, so that the knowledge can be attained and applied where it is needed. A meeting of the Senate
Published 02 Nov, 2018 12:00am
Objections raised over ex-judge's petition

Objections raised over ex-judge's petition

The Supreme Court Registrar Office on Thursday raised objections on the petition of Shaukat Aziz Siddiqui, a deposed judge of Islamabad High Court (IHC). The Supreme Judicial Council (SJC) on October 11, 2018 recommended the President of Pakistan for remo
Published 02 Nov, 2018 12:00am
Meezan Bank to provide Rs 5.66 billion to Hyundai Nishat Motor

Meezan Bank to provide Rs 5.66 billion to Hyundai Nishat Motor

Meezan Bank to provide Rs 5.66 billion Islamic Finance Facility to Hyundai Nishat Motor (Private) Limited. Meezan Bank and Hyundai Nishat Motor (Private) Limited - a joint venture among three leading international business; Nishat Group, Sojitz Corporatio
Published 02 Nov, 2018 12:00am
Meezan Bank to provide Rs 5.66 billion to Hyundai Nishat Motor

Meezan Bank to provide Rs 5.66 billion to Hyundai Nishat Motor

Meezan Bank to provide Rs 5.66 billion Islamic Finance Facility to Hyundai Nishat Motor (Private) Limited. Meezan Bank and Hyundai Nishat Motor (Private) Limited - a joint venture among three leading international business; Nishat Group, Sojitz Corporatio
Published 02 Nov, 2018 12:00am
SBC office-bearers

SBC office-bearers

Subsequent to the 10th AGM of Swiss Business Council (SBC) held in Karachi, the Board of Directors and Office Bearers of SBC for the term 2018-19 are notified as follows: Farhat Ali (Chairman, Polygal NV Pakistan) elected as President of SBC, Mujtaba Rahi
Published 02 Nov, 2018 12:00am
MVT drive: Sindh E&T department collects Rs 540 million

MVT drive: Sindh E&T department collects Rs 540 million

Sindh Excise and Taxation department on Thursday claimed to have collected Rs 540 million during its road checking campaign. This was informed in a meeting headed by provincial Minister Mukesh Kumar Chawala here.
Published 02 Nov, 2018 12:00am
AISL gets SBP's nod for commencement of business

AISL gets SBP's nod for commencement of business

Aequitas Information Services Limited ("AISL") has been granted an approval by the State Bank of Pakistan (SBP) for commencement of business under the Credit Bureau Act 2015. AISL is the first licensed bureau to receive SBP's approval, which allows the bu
Published 02 Nov, 2018 12:00am
Seafood export down by 11.31 percent

Seafood export down by 11.31 percent

Pakistan's seafood export scaled back to $ 67.156 million in July-Sep 2018-19, down by 11.31 percent, official figures show. Fall in seafood export now stands at $8.567 million in July-Sep 2018-19 from $75.723 million in July-Sep 2017-18, Pakistan Bureau
Published 02 Nov, 2018 12:00am
MCC Islamabad records 122 percent extra revenue

MCC Islamabad records 122 percent extra revenue

The Model Customs Collectorate (MCC) Islamabad recorded 122 percent extra revenue against assigned revenue collection target under all heads during month of October 2018. According to details shared by Majid Hussain Gadd the Deputy Collector Model Customs
Published 02 Nov, 2018 12:00am
NAB chief vows to root out corruption

NAB chief vows to root out corruption

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal has said that eradication of corruption from country is not only our national duty but is the top most priority of NAB. Chairing a meeting at the NAB headquarters, he said NAB has de
Published 02 Nov, 2018 12:00am
Bait-ul-Mal MD meets NA speaker

Bait-ul-Mal MD meets NA speaker

Managing Director Pakistan Bait-ul-Mal Aon Abbas Buppi called on speaker National Assembly Asad Qaiser at Parliament House. The matter pertaining to overall domestic situations and other issues of mutual interest were discussed in the meeting. The speaker
Published 02 Nov, 2018 12:00am
Aasia Bibi acquittal: sit-in protests threaten mayhem on Karachi streets

Aasia Bibi acquittal: sit-in protests threaten mayhem on Karachi streets

Normal life activities continued to remain adversely affected due to the protest sit-in on main thoroughfares in various parts of this port city against the acquittal of Aasia Bibi by the apex court in a case of blasphemy on second consecutive day (Thursd
Published 02 Nov, 2018 12:00am
KCCI urges government to ease inflation's burden on common man

KCCI urges government to ease inflation's burden on common man

President Karachi Chamber of Commerce and Industry (KCCI), Junaid Esmail Makda has called upon the government to review the overall inflationary situation and take steps to ease the burden on a common man and the industry as well, which would be warmly we
Published 02 Nov, 2018 12:00am
Birth anniversary of Sir Aga Khan III today

Birth anniversary of Sir Aga Khan III today

The birth anniversary of Sir Sultan Mahomed Shah, Aga Khan III is being observed today. Sir Aga Khan III was the 48th hereditary Imam of the Shia Ismaili Muslims. He was born in Karachi in 1877 and dedicated his entire life to the cause of Islam.
Published 02 Nov, 2018 12:00am
FPCCI VP's proposals for boosting Pak-China horticulture trade

FPCCI VP's proposals for boosting Pak-China horticulture trade

Vice President of FPCCI and patron-in-chief of All Pakistan Fruit and Vegetable Exporters, Importers & Merchants Association (PFVA) Waheed Ahmed has sent comprehensive proposals to Adviser to the Prime Minister on Economic Affairs, Commerce, Industry and
Published 02 Nov, 2018 12:00am
Aasia Bibi to leave country

Aasia Bibi to leave country

Aasia Bibi plans to leave Pakistan, her family said Thursday as protesters mounted rallies for a second day against the verdict, blocking roads and burning tires. Bibi's acquittal immediately raised fears of violence and presented a challenge to the gover
Published 02 Nov, 2018 12:00am
Punjab CM vows to ensure writ of government

Punjab CM vows to ensure writ of government

The Punjab Chief Minister Sardar Usman Buzdar on Thursday said the government is cognizant of the troubles faced by the general public due to closure of traffic; therefore, immediate steps should be taken for alternate routes and citizens should also be i
Published 02 Nov, 2018 12:00am
'Safety Week' for employees' awareness held at POF

'Safety Week' for employees' awareness held at POF

Safety Week in Pakistan Ordnance Factories was organized under the auspices of HSE Department. In order to educate POF employees a seminar was also organized in which the Speakers highlighted the importance of Health, Safety and Environment in an industry
Published 02 Nov, 2018 12:00am
HEC-USEF to prepare 6,000 students for GRE/TOEFL

HEC-USEF to prepare 6,000 students for GRE/TOEFL

The Higher Education Commission (HEC) will provide coaching to 6,000 candidates of GRE/TOEFL in collaboration with the United States Education Foundation in Pakistan (USEFP), public sector universities and private sector trainers and firms. The training i
Published 02 Nov, 2018 12:00am
FPCCI rejects POL price hike

FPCCI rejects POL price hike

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday rejected the sharp increase in the price of petroleum products terming it a wrong decision which hits the economy and masses reeling under multiple problems. "The government
Published 02 Nov, 2018 12:00am
All schools to remain closed today across Punjab

All schools to remain closed today across Punjab

All private and government schools in Lahore and across Punjab will remain closed today while it is expected that colleges and universities in Lahore will also remain closed. According to the announcement by government of Punjab due to traffic disruption
Published 02 Nov, 2018 12:00am
LHC grants protective bail to Hamza Shahbaz

LHC grants protective bail to Hamza Shahbaz

The Lahore High Court on Thursday granted protective bail to opposition leader in Punjab Assembly Hamza Shehbaz Sharif till October 13 to avoid his arrest by the National Accountability Bureau (NAB) in different investigations including the Punjab Saaf Pa
Published 02 Nov, 2018 12:00am
SCBA chief meets Elahi

SCBA chief meets Elahi

Supreme Court Bar Association (SCBA) newly-elected President Amanullah Kanrani along with a delegation called on Punjab Assembly Speaker Chaudhary Parvez Elahi here on Thursday. The members of the delegation included Tahir Nasrullah Warraich, Ali Ejaz But
Published 02 Nov, 2018 12:00am
TLP protest: Lahore remains shut on second consecutive day

TLP protest: Lahore remains shut on second consecutive day

Closure of all major commercial centres and suspension of cellular service in certain parts of the provincial capital created severe problems for citizens on Thursday as supporters of some religio-political parties including the Tehreek-e-Labaik Pakistan
Published 02 Nov, 2018 12:00am
PEF discusses issues of partner schools

PEF discusses issues of partner schools

Colonel Imran Yaqub (retd), Managing Director Punjab Education Foundation (PEF), while presiding over the weekly coordination meeting to review progress and performance of various PEF programmes has directed that the issues of schools partnering with PEF
Published 02 Nov, 2018 12:00am
Plan evolved to create jobs in Punjab: minister

Plan evolved to create jobs in Punjab: minister

Punjab Minister for Industry and Trade Mian Aslam Iqbal has said that the government has evolved an effective action plan for creating job opportunities. The minister revealed this during a meeting with the managing director, Investment Reforms Unit P&D D
Published 02 Nov, 2018 12:00am
Yasmin stresses need for comprehensive health policy

Yasmin stresses need for comprehensive health policy

The Punjab health minister Dr Yasmin Rashid, while emphasizing the need of concrete and long lasting health policy, has said that focus on rural health centers was crucial for achieving the Millennium Development Goals (MDGs). She said this while addressi
Published 02 Nov, 2018 12:00am
Growers advised to use approved wheat seed varieties

Growers advised to use approved wheat seed varieties

The Punjab Agriculture Department (PAD) has advised the growers from Barani areas to use only approved varieties of wheat seed for sowing to achieve maximum per acre yield. The department has urged the growers to complete their cultivation by November 15
Published 02 Nov, 2018 12:00am
Moot on cement trading to begin on November 12

Moot on cement trading to begin on November 12

A three-day international cement production and trading conference is going to be held in the provincial metropolis from November 12-14, 2018. Senior representatives from the international cement sector will be attending this conference called 'INTERCEMT'
Updated 02 Nov, 2018 04:04pm
Jan Mohammad resumes charge of IGP Islamabad

Jan Mohammad resumes charge of IGP Islamabad

Following his overnight transfer and then top court's intervention, Inspector General of Police (IGP), Islamabad, Jan Muhammad, on Monday has again assumed charge of his post.
Published 02 Nov, 2018 12:00am
Pakistan, Uzbekistan discuss roadmap for trade cooperation

Pakistan, Uzbekistan discuss roadmap for trade cooperation

Uzbekistan has proposed groundbreaking initiatives including railroad between Pakistan and Uzbekistan passing through Afghanistan, as the two countries expressed the resolve to further enhance bilateral cooperation. The proposal was shared by the visiting
Published 02 Nov, 2018 12:00am
Ogra reduces LPG price for November

Ogra reduces LPG price for November

Oil and Gas Regulatory Authority (Ogra) on Thursday decreased price of liquefied petroleum gas (LPG) by Rs 15 per kilogram for the month of November. Following the price reduction as per notification of the Authority, domestic cylinder will be sold at Rs
Published 02 Nov, 2018 12:00am
Muhammad Zahid new DG I&I-FBR

Muhammad Zahid new DG I&I-FBR

Muhammad Zahid, Member Customs Federal Board of Revenue (FBR) has assumed the charge of the post of Director General, Directorate General of Intelligence & Investigation-FBR, Islamabad from October 31, 2018. According to a notification issued by the FBR h
Published 02 Nov, 2018 12:00am
Petrobras sells African oil business for $1.4 billion

Petrobras sells African oil business for $1.4 billion

Brazilian state oil company Petrobras on Wednesday announced the sale of its holdings in two Nigerian oil blocks for $1.4 billion, part of the ailing firm's bid to sell off assets and raise cash. Petrobras will sell its 50-percent stake in the joint ventu
Published 02 Nov, 2018 12:00am
Number of insolvent UK firms rises at fastest pace since 2009

Number of insolvent UK firms rises at fastest pace since 2009

The number of companies in England and Wales falling into financial distress is rising at the fastest pace since 2009, according to data on Tuesday that suggests the trouble suffered by big firms is indicative of a wider, deep-seated trend.
Published 02 Nov, 2018 12:00am
Canada economy grows for seventh month, no quick rate hike seen

Canada economy grows for seventh month, no quick rate hike seen

Canada's economy grew for a seventh month in a row in August, its longest stretch of expansion for more than a year, but analysts said the Bank of Canada was under little pressure to raise interest rates again next month. Statistics Canada said on Wednesd
Published 02 Nov, 2018 12:00am
Danske Bank admits 'huge task' to regain trust

Danske Bank admits 'huge task' to regain trust

The acting head of Danske Bank acknowledged Thursday that the Danish lender has its work cut out to regain trust after becoming embroiled in a massive money-laundering scandal. "We know that we have a huge task ahead of us in restoring the trust of our cu
Published 02 Nov, 2018 12:00am
Eurozone inflation rises to 2.2 percent in October
Currency

Eurozone inflation rises to 2.2 percent in October

Eurozone inflation rose to 2.2 percent in October, official data showed on Wednesday, moving further away from the European Central Bank's (ECB) target rate, as unemployment in the single currency zone remained stable. The rise from 2.1 percent in Septemb
Published 02 Nov, 2018 12:00am
Standard Chartered profits up by quarter in January-September

Standard Chartered profits up by quarter in January-September

Asia-focused bank Standard Chartered on Wednesday said pre-tax profits rose 25 percent in the first nine months of the year, and warned it was keeping tabs on worsening China-US trade tensions. The results come as the world's top two economies have impose
Published 02 Nov, 2018 12:00am
Standard Chartered profits up by quarter in January-September

Standard Chartered profits up by quarter in January-September

Asia-focused bank Standard Chartered on Wednesday said pre-tax profits rose 25 percent in the first nine months of the year, and warned it was keeping tabs on worsening China-US trade tensions. The results come as the world's top two economies have impose
Published 02 Nov, 2018 12:00am
Germans vent VW fury in mass 'dieselgate' suit

Germans vent VW fury in mass 'dieselgate' suit

German consumer groups filed Thursday the country's first class-action suit over Volkswagen's emissions cheating scandal, in a first taste for the auto giant of the anger felt by duped diesel drivers. Consumer association VZBV said in a statement it had f
Published 02 Nov, 2018 12:00am
World Bank approves $1.2 billion in grants, loans to Ethiopia

World Bank approves $1.2 billion in grants, loans to Ethiopia

The World Bank has approved $1.2 billion in grants and loans to Ethiopia. The bank said in a statement posted on its website late on Tuesday that the funds - a $600 million grant and a $600 million loan -would go towards supporting reforms in the financia
Published 02 Nov, 2018 12:00am
Barnier denies Brexit deal reached on financial services

Barnier denies Brexit deal reached on financial services

The EU's chief Brexit negotiator Michel Barnier denied Thursday a report claiming that London and Brussels had reached a preliminary agreement covering financial services and data. The Times newspaper said a deal had been struck that would see UK financia
Published 02 Nov, 2018 12:00am
Shell profits gush on higher oil prices

Shell profits gush on higher oil prices

Royal Dutch Shell said Thursday that net profit jumped 43 percent in the third quarter, energised like its competitors by rising oil and gas prices. Profit after tax leapt to $5.84 billion (5.15 billion euros) in the three months to September from $4.09 b
Published 02 Nov, 2018 12:00am
Shell profits gush on higher oil prices

Shell profits gush on higher oil prices

Royal Dutch Shell said Thursday that net profit jumped 43 percent in the third quarter, energised like its competitors by rising oil and gas prices. Profit after tax leapt to $5.84 billion (5.15 billion euros) in the three months to September from $4.09 b
Published 02 Nov, 2018 12:00am
New York Times in profit column as digital subscriptions rise

New York Times in profit column as digital subscriptions rise

  • The New York Times said Thursday that digital subscriptions topped three million in the past quarter, keeping the prestigious daily profitable in a difficult environment for the news media. With a gain of 203,000 online-only subscribers in the third qua
Published 02 Nov, 2018 12:00am
New York Times in profit column as digital subscriptions rise

New York Times in profit column as digital subscriptions rise

  • The New York Times said Thursday that digital subscriptions topped three million in the past quarter, keeping the prestigious daily profitable in a difficult environment for the news media. With a gain of 203,000 online-only subscribers in the third qua
Published 02 Nov, 2018 12:00am
US labour market tightening; manufacturing slowing

US labour market tightening; manufacturing slowing

New applications for US unemployment aid fell last week and the number of Americans receiving benefits was the lowest in more than 45 years as labour market conditions tightened further. Other data on Thursday showed worker productivity slowing in the thi
Published 02 Nov, 2018 12:00am
Xi admits 'uncertainty' in China's economy
Currency

Xi admits 'uncertainty' in China's economy

President Xi Jinping sought to reassure Chinese entrepreneurs at a meeting Thursday with promises to prop up private firms with lower taxes and more funding, as he acknowledged uncertainty in China's economy. Xi held the meeting amid signs that the world'
Published 02 Nov, 2018 12:00am
UK police open probe into biggest Brexit donor

UK police open probe into biggest Brexit donor

British police launched a criminal investigation on Thursday into a top Brexit donor over his alleged use of offshore companies to finance the campaign to leave the European Union. "Our investigation relates to suspected electoral law offences... as well
Published 02 Nov, 2018 12:00am
Azhar Ali announces retirement from ODI cricket

Azhar Ali announces retirement from ODI cricket

Former Pakistan captain Azhar Ali, who represented Pakistan in 53 ODIs Thursday announced his retirement from ODI cricket, in order to prolong his Test career. "It is not a decision that I have taken suddenly; I had been considering this for quite some ti
Published 02 Nov, 2018 12:00am
Wall Street ends last day of haunted October in the black

Wall Street ends last day of haunted October in the black

US stocks rebounded for a second day on Wednesday as investors snapped up beaten-down technology and internet favorites and strong company results lifted spirits, even as the S&P 500 closed out its worst month in seven years. The S&P 500 lost 6.9 percent
Published 02 Nov, 2018 12:00am
Thursday's early afternoon trade: stocks up for third day

Thursday's early afternoon trade: stocks up for third day

US stocks rose for a third straight day on Thursday, as industrials gained after President Donald Trump said trade talks with China were "moving along nicely" and healthy results from chipmakers boosted optimism. Trump said he plans to meet with his Chine
Published 02 Nov, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks closed lower on Thursday, with major telecom firms plunging after one company announced it would slash fees, while fresh concerns emerged over the prospects for the Chinese economy. The benchmark Nikkei 225 index fell 1.06 percent, or 232.81
Published 02 Nov, 2018 12:00am
Indian NSE down

Indian NSE down

Indian shares ended little changed on Thursday as losses in IT stocks, pressured by a strong rupee, marginally outweighed gains in the financial sector. The broader NSE index ended 0.06 percent lower at 10,380.45, while the benchmark BSE index closed most
Published 02 Nov, 2018 12:00am
Vietnam to host F1 race in 2020

Vietnam to host F1 race in 2020

Vietnam will host a Formula One race in April 2020, Hanoi city officials said Thursday, becoming the third Southeast Asian nation to welcome top-flight racing as the franchise seeks to move into new markets. The race will be hosted in the capital Hanoi, w
Published 02 Nov, 2018 12:00am
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