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Print - 2019-04-15
Incautious remarks

Incautious remarks

During recent days, Prime Minister Imran Khan has been making comments on matters pertaining to Afghanistan and India, creating unnecessary controversies, though, more due to considerations other than the veracity of the content. The Kabul government reac
Updated 15 Apr, 2019 07:03am
Budget deficit still not being dealt with!

Budget deficit still not being dealt with!

The Khan administration inherited two unsustainable deficits that continue to plague its seven and a half months long tenure: current account and budget deficit. The current account deficit by end June 2018 was estimated at around 18 billion dollars, the
Published 15 Apr, 2019 12:00am
Lies, lows and loss

Lies, lows and loss

How low can you go? When below the belt becomes almost literal, it hurts. Not just physically but intellectually, psychologically, emotionally and morally. The last few weeks have seen a drama unfold whose script, though poor and unsubstantive, is still b
Published 15 Apr, 2019 12:00am
Money, money, money: the tycoon factor in India's election

Money, money, money: the tycoon factor in India's election

India's tycoons are playing a pivotal role in the Asian giant's most expensive election ever, from funding campaigns and tacit endorsements to being hot-button issues themselves. Prime Minister Narendra Modi's re-election bid has received huge financial b
Published 15 Apr, 2019 12:00am
'Falling for predictions'

'Falling for predictions'

This is apropos a Business Recorder op-ed "Falling for predictions" carried by the newspaper yesterday. The writer, Ali Khizar, has argued among other things, that "The urgent need is to focus on fiscal woes. In economic slowdown, it is hard to inc
Published 15 Apr, 2019 12:00am
Moot on transforming bio-saline agriculture in Tharparkar concludes

Moot on transforming bio-saline agriculture in Tharparkar concludes

The two-day conference and exhibition on 'Blooming Thar: Transforming Bio-saline Agriculture in Tharparkar' concluded on Sunday noting that the practice of bio-saline agriculture with application of modern irrigation methods have a great potential to turn
Published 15 Apr, 2019 12:00am
PMEX, HashMove ink MoU to revolutionise commodity exchange industry

PMEX, HashMove ink MoU to revolutionise commodity exchange industry

Pakistan Mercantile Exchange (PMEX) - country's first and only multi-commodity futures exchange has signed a Memorandum of Understanding (MoU) with HashMove - the smart multimodal logistics marketplace, for cooperation in developing a digital multimodal l
Published 15 Apr, 2019 12:00am
MML to start local production of three vehicles this month: CEO

MML to start local production of three vehicles this month: CEO

Master Motor Ltd (MML) is all set to start local production of three vehicles Changan M-8, Changan M-9, and Changan Karvaan by this month. This was announced by Danial Malik, CEO, Master Motors during second day of Pakistan Auto Parts Show (PAPS2019) held
Published 15 Apr, 2019 12:00am
FIR lodged against SAI over non-payment of FED

FIR lodged against SAI over non-payment of FED

Large Taxpayers Unit (LTU), Karachi has lodged an FIR against M/s Shaheen Air International (SAI) Ltd over the non-payment of Federal Excise Duty (FED) amounting to Rs 955.05 million.
Published 15 Apr, 2019 12:00am
Murtaza eulogises services of Abdullah Shah

Murtaza eulogises services of Abdullah Shah

Adviser to Sindh Chief Minister on Information & Archives, Law and Anti-Corruption, Barrister Murtaza Wahab on Sunday paid rich tributes to former Sindh Chief Minister Syed Abdullah Shah.
Published 15 Apr, 2019 12:00am
PML-N worker gunned down

PML-N worker gunned down

Pakistan Muslim League (N) worker Sheraz Safi was gunned down by unknown armed persons in limit of Faqir Abad Police station on Sunday. Registering FIR Rafiullah son of Bakhtawar told police that Sheraz Safi was coming to his home situated in Sardar Ahmad
Published 15 Apr, 2019 12:00am
Sit-in protest enters 3rd day: Hazaras urge PM to visit Quetta

Sit-in protest enters 3rd day: Hazaras urge PM to visit Quetta

Hazaras community blocked traffic in a sit-in protest for a third day in city of Quetta on Sunday after a suicide bomb killed 19 people in an outdoor market, many of them Hazara community. Dozens were wounded in the blast on Friday on the outskirts of Que
Published 15 Apr, 2019 12:00am
PML-N leader slams PTI government's policies, price hike

PML-N leader slams PTI government's policies, price hike

Pakistan Muslim League (N) Sindh, president Syed Shah Muhammad Shah, has said that it was PML-N which succeeded in bringing foreign investment of 46 billion dollars from China under CPEC aimed to improve business and trade activities with enhancement of e
Published 15 Apr, 2019 12:00am
Euro Oil to open 375 retail stations across Pakistan

Euro Oil to open 375 retail stations across Pakistan

Chairman Euro Oil Adnan Nasir while inaugurating the first petrol station of Euro Oil in Jahaniyan Khanewal Expressway emphasized that our strength is our team, staff and our workers. He said Euro oil was a dream of quality that has come true.
Published 15 Apr, 2019 12:00am
Weekly cotton review: trend of increase in prices continues
Cotton

Weekly cotton review: trend of increase in prices continues

The upward trend of increase in the prices of cotton continued. The prices of cotton may increase due to the buying of 800,000 ton of cotton by China. The trend of increase in the prices of cotton yarn and textile products continues. The government depart
Published 15 Apr, 2019 12:00am
Weekly cotton review: trend of increase in prices continues
Cotton

Weekly cotton review: trend of increase in prices continues

The upward trend of increase in the prices of cotton continued. The prices of cotton may increase due to the buying of 800,000 ton of cotton by China. The trend of increase in the prices of cotton yarn and textile products continues. The government depart
Published 15 Apr, 2019 12:00am
Government can't get decisions of its choice from NAB: Qureshi

Government can't get decisions of its choice from NAB: Qureshi

Foreign Minister Shah Mehmood Qureshi said on Sunday that National Accountability Bureau (NAB) was an independent institution, which the government expect would help eradicate corruption from the country. Talking to the media after inaugurating a water fi
Published 15 Apr, 2019 12:00am
ANP leader accuses NAB of pursuing anti-opposition policy

ANP leader accuses NAB of pursuing anti-opposition policy

Chairman of Awami National Party's central election commission Mian Iftikhar Hussain has said that the action being taken by National Accountability Bureau (NAB) is now two step forward than revenge. "NAB chairman has become the enemy of honour of opposit
Published 15 Apr, 2019 12:00am
Factory producing fake drinks detected

Factory producing fake drinks detected

The Punjab Food Authority (PFA) on Sunday unearthed a factory producing fake carbonated drinks with artificial flavours and hazardous chemicals in order to meet the consumption of drink in the upcoming holy month of Ramadan.
Published 15 Apr, 2019 12:00am
Kashf Foundation distributes four million loans to underprivileged women

Kashf Foundation distributes four million loans to underprivileged women

Managing Director of Kashf Foundation Roshaneh Zafar has said that they have disbursed nearly four million loans worth over Rs 95 billion among under-privileged women to enhance their role in society by improving their economic status and offering them mi
Published 15 Apr, 2019 12:00am
Kashf Foundation distributes four million loans to underprivileged women

Kashf Foundation distributes four million loans to underprivileged women

Managing Director of Kashf Foundation Roshaneh Zafar has said that they have disbursed nearly four million loans worth over Rs 95 billion among under-privileged women to enhance their role in society by improving their economic status and offering them mi
Published 15 Apr, 2019 12:00am
Siraj terms government measures 'cosmetic'

Siraj terms government measures 'cosmetic'

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that cosmetic and artificial measures could not help bring about any improvement in the country. He was speaking at the Khatam e Bukhari ceremony of the Darul Uloom Chitral, on Sunday. Sirajul Haq sa
Published 15 Apr, 2019 12:00am
Wheat to be bought directly from growers: minister

Wheat to be bought directly from growers: minister

Punjab Agriculture Minister Malik Nauman Ahmad Langrial has said that necessary arrangements had been finalized for purchasing wheat direct from the growers in Punjab. Addressing a meeting of Agriculture Department the other day, he said that wheat procur
Published 15 Apr, 2019 12:00am
SCCI voices concern over sealing of chipboard factories

SCCI voices concern over sealing of chipboard factories

Sarhad Chamber of Commerce and Industry (SCCI) expressed serious concern over sealing of chipboard factories, harassing owners and workers of these industrial units during a crackdown, carried out by Institute of Environmental Protection on the pretext of
Published 15 Apr, 2019 12:00am
Punjab CM suspends DIG

Punjab CM suspends DIG

Punjab Chief Minister Sardar Usman Buzdar on Sunday has suspended DIG Investigations Lahore and two other police officers for sending a wrong report upon a complaint on Citizens Portal. As per details, a woman hailing from Manawan area of Lahore registere
Published 15 Apr, 2019 12:00am
FAPUASA slams govt for slashing HEC budget

FAPUASA slams govt for slashing HEC budget

The Federation of All Pakistan Universities Academic Staff Association (FAPUASA) has expressed strong concerns over the federal government's anti-education policies, budgetary cuts and closure of various academic programmes, saying that current policies o
Published 15 Apr, 2019 12:00am
Second edition of TEXPO Pakistan concludes

Second edition of TEXPO Pakistan concludes

The 2nd edition of TEXPO Pakistan concludes here on Sunday at the Lahore Expo Centre. TEXPO was a flagship sector-specific trade event of TDAP. In 2nd edition of TEXPO 363 foreign buyers/ importers from 70 countries visited the exhibits of 231 exhibitors
Published 15 Apr, 2019 12:00am
BJP MLA copies ISPR song

BJP MLA copies ISPR song

Bhartiya Janta Party Member of Legislative Assembly (MLA), Raja Singh copied a Pakistani patriotic song released by the Inter-Services Public Relations (ISPR) and passed it off as his own by making slight changes. Director General ISPR Major General Asif
Published 15 Apr, 2019 12:00am
GHA launches Sufi poet Sain Ali's collection

GHA launches Sufi poet Sain Ali's collection

The Gandhara Hindko Academy has launched a comprehensive collection of the work of great Hindko language Sufi poet, Sain Ahmad Ali titled "Ganjeena-e-Sain", the 1035-paged bulky publication has almost 1,000 harfis (couplets), an important genre of the Hin
Published 15 Apr, 2019 12:00am
PPP, PML-N slam Fawad's allegations

PPP, PML-N slam Fawad's allegations

Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP), the main opposition parties, responding to the press conference of Information Minister Fawad Chaudhry have said why the government is not taking action against their leaders if it has
Published 15 Apr, 2019 12:00am
Kashmir, Palestine will finally enjoy freedom: Alvi

Kashmir, Palestine will finally enjoy freedom: Alvi

President Dr Arif Alvi has said that Kashmir and Palestine will win freedom one day as no community or religion can be suppressed by military force. He expressed these views, addressing Paigham-e-Islam Conference, here on Sunday. He said that the freedom
Published 15 Apr, 2019 12:00am
Prices of essential kitchen items continue to rise

Prices of essential kitchen items continue to rise

Prices of important kitchen items, including chicken meat, vegetable, pulses, sugar, flour and others have remained high-side in the previous week as compared to preceding week, according to survey carried out by Business Recorder here on Sunday.
Published 15 Apr, 2019 12:00am
PTI government pushing people to abject poverty, alleges Murad

PTI government pushing people to abject poverty, alleges Murad

Sindh Chief Minister Syed Murad Ali Shah has said that the inefficient federal government [of PTI] has completely failed to deliver bringing tsunami of price-hike, unrest and pushing poor people to abject poverty by reducing employment opportunities.
Published 15 Apr, 2019 12:00am
Education Monitoring Authority bill tabled in KP PA

Education Monitoring Authority bill tabled in KP PA

The provincial government of Khyber Pakhtunkhwa has presented a bill in the provincial assembly for the establishment of Education Monitoring Authority for effective monitoring of the public sector educational institutes.
Published 15 Apr, 2019 12:00am
Over 120 killed as Libya's rivals battle for Tripoli

Over 120 killed as Libya's rivals battle for Tripoli

Fighting near Tripoli has killed 121 people since strongman Khalifa Haftar launched an offensive earlier this month to take the Libyan capital, the World Health Organization said Sunday. In clashes between Haftar's forces and those of the UN-backed Govern
Published 15 Apr, 2019 12:00am
Rockets kill 11 in Aleppo

Rockets kill 11 in Aleppo

Rockets fired by jihadists on Sunday killed at least 11 people in the Syrian city of Aleppo held by President Bashar al-Assad's regime, state news agency SANA reported. Aleppo sits in the north of the country next to Idlib, a province dominated by Syria's
Published 15 Apr, 2019 12:00am
Brexit cannot define us, says UK PM's deputy as ratings dip

Brexit cannot define us, says UK PM's deputy as ratings dip

Britain's ruling Conservative Party cannot let itself be defined solely by Brexit, Prime Minister Theresa May's de facto deputy said on Sunday, as polling showed failure to leave the European Union on schedule has badly damaged its support. May's authorit
Published 15 Apr, 2019 12:00am
One dead in Australia nightclub shooting

One dead in Australia nightclub shooting

A security guard is dead and another man is fighting for his life after a drive-by shooting outside a popular Melbourne nightclub, police said Sunday, amid a spate of gun violence in Australia's second-largest city. Police said four men - three security g
Published 15 Apr, 2019 12:00am
German broadcaster says taken off-air in Venezuela

German broadcaster says taken off-air in Venezuela

German broadcaster Deutsche Welle said on Sunday it has been taken off-air by Venezuelan authorities, but vowed to keep beaming its programmes online to the crisis-hit South American country's viewers. "The Venezuelan broadcasting authority Conatel has re
Published 15 Apr, 2019 12:00am
Finland's leftists lead with half of votes counted

Finland's leftists lead with half of votes counted

Early results in Finland's general election on Sunday showed a lead for the leftist Social Democrats, while the current prime minister said his Centre Party was the night's "biggest loser". The Social Democrats were credited with 18.9 percent of votes aft
Published 15 Apr, 2019 12:00am
Tornadoes kill two children as massive storm sweeps US South

Tornadoes kill two children as massive storm sweeps US South

Deadly tornadoes twisted through the US South, killing at least two children as a massive storm pressed east on Sunday, threatening to drench communities from New York to Atlanta and snarl the start of the workweek.
Published 15 Apr, 2019 12:00am
Sudan protesters demand 'immediate' civilian rule

Sudan protesters demand 'immediate' civilian rule

Sudanese protesters on Sunday demanded the country's military rulers "immediately" hand power over to a civilian government that should then bring ousted leader Omar al-Bashir to justice. Thousands remained encamped outside Khartoum's army headquarters to
Published 15 Apr, 2019 12:00am
Three killed in aircraft runway accident near Everest

Three killed in aircraft runway accident near Everest

A small plane veered off the runway and hit two helicopters while taking off near Mount Everest on Sunday, killing three people and injuring three, officials said. The accident happened at Lukla airport which is the main gateway to the Everest region and
Published 15 Apr, 2019 12:00am
Malaysia's QSR puts $500 million IPO on hold, hit by lofty valuations

Malaysia's QSR puts $500 million IPO on hold, hit by lofty valuations

Malaysia's biggest fast-food operator, QSR Brands, has shelved plans for an initial public offering (IPO) that could have raised as much as $500 million as potential local investors balked at its valuations, sources familiar with the deal said.
Published 15 Apr, 2019 12:00am
Malaysia's QSR puts $500 million IPO on hold, hit by lofty valuations

Malaysia's QSR puts $500 million IPO on hold, hit by lofty valuations

Malaysia's biggest fast-food operator, QSR Brands, has shelved plans for an initial public offering (IPO) that could have raised as much as $500 million as potential local investors balked at its valuations, sources familiar with the deal said.
Published 15 Apr, 2019 12:00am
Growth fears clip analysts' bullish calls on loonie
Currency

Growth fears clip analysts' bullish calls on loonie

Strategists see little upside for the Canadian dollar over the coming months, cutting their bullish forecasts for the currency as worries about the global economy boost demand for higher-yielding US dollars, a Reuters poll showed. The loonie has climbed m
Published 15 Apr, 2019 12:00am
Global regulators sharpen focus on looser lending, Brexit risk

Global regulators sharpen focus on looser lending, Brexit risk

Global financial regulators are developing a coordinated surveillance system to spot new threats from looser lending standards and high asset values, the chair of the Financial Stability Board (FSB) said on Tuesday.
Published 15 Apr, 2019 12:00am
Abu Dhabi index hits 4-1/2-year high

Abu Dhabi index hits 4-1/2-year high

Abu Dhabi stocks closed up 2.4 percent on Sunday, reaching a four-and-a-half year high as First Abu Dhabi Bank (FAB) surged after it obtained regulatory approval to increase its foreign ownership limit. Other Gulf markets were weak. Foreigners will be all
Published 15 Apr, 2019 12:00am
Uber unveils IPO with warning it may never make a profit

Uber unveils IPO with warning it may never make a profit

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. The document gave the first comprehensive financial picture of the decade-ol
Published 15 Apr, 2019 12:00am
Uber unveils IPO with warning it may never make a profit

Uber unveils IPO with warning it may never make a profit

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. The document gave the first comprehensive financial picture of the decade-ol
Published 15 Apr, 2019 12:00am
Selecta prepares IPO

Selecta prepares IPO

Selecta, Europe's leading vending machine operator, is planning an initial public offering (IPO) on the Swiss stock exchange within months, people close to the matter said. The company has scheduled meetings with analysts this month and could list in May,
Published 15 Apr, 2019 12:00am
Selecta prepares IPO

Selecta prepares IPO

Selecta, Europe's leading vending machine operator, is planning an initial public offering (IPO) on the Swiss stock exchange within months, people close to the matter said. The company has scheduled meetings with analysts this month and could list in May,
Published 15 Apr, 2019 12:00am
Swedish, Norwegian currencies set to gradually strengthen

Swedish, Norwegian currencies set to gradually strengthen

The currencies of Sweden and Norway are expected to gain on the euro and dollar in the next 12 months, a Reuters poll found on Friday, although the short-term outlook was less favourable than it was in a similar survey a month ago.
Published 15 Apr, 2019 12:00am
Deutsche Boerse nears deal to buy FXall in $3.5 billion
Currency

Deutsche Boerse nears deal to buy FXall in $3.5 billion

German stock exchange operator Deutsche Boerse AG is in advanced talks to buy FXall, a foreign exchange electronic trading platform owned by data provider Refinitiv, for about $3.5 billion, people familiar with the matter said on Wednesday. The deal would
Published 15 Apr, 2019 12:00am
Brazil real outlook dims on pension overhaul uncertainty
Currency

Brazil real outlook dims on pension overhaul uncertainty

The outlook for Brazil's real has weakened for the first time since President Jair Bolsonaro took office at the start of the year as an eruption of political tension cast doubts on his pension reform drive, a Reuters poll showed.
Published 15 Apr, 2019 12:00am
National Bank of Kuwait first quarter net profit up

National Bank of Kuwait first quarter net profit up

National Bank of Kuwait, the country's biggest lender, reported a 15.1 percent rise in first-quarter profit, helped by higher net interest income and lower provisioning charges, beating analysts' forecasts. The bank said net profit totalled 107.7 million
Published 15 Apr, 2019 12:00am
National Bank of Kuwait first quarter net profit up

National Bank of Kuwait first quarter net profit up

National Bank of Kuwait, the country's biggest lender, reported a 15.1 percent rise in first-quarter profit, helped by higher net interest income and lower provisioning charges, beating analysts' forecasts. The bank said net profit totalled 107.7 million
Published 15 Apr, 2019 12:00am
World's largest plane makes first test flight

World's largest plane makes first test flight

The world's largest airplane - a Stratolaunch behemoth with two fuselages and six Boeing 747 engines - made its first test flight on Saturday in California. The mega jet carried out its maiden voyage over the Mojave desert.
Published 15 Apr, 2019 12:00am
Jet Airways pilots defer strike before crunch creditors meeting

Jet Airways pilots defer strike before crunch creditors meeting

Pilots at India's Jet Airways have been told by their union to put off a planned strike to give its management and key lender State Bank of India time to strike a deal to keep the debt-laden airline flying, ANI reported on Sunday.
Published 15 Apr, 2019 12:00am
China's economic growth cools to 6.3 percent: AFP poll

China's economic growth cools to 6.3 percent: AFP poll

China's economy cooled further in the first quarter, according to an AFP survey of analysts, as Beijing resorted to tried-and-tested measures to combat tepid global demand and a bruising US trade war. The world's second largest economy expanded by 6.3 per
Published 15 Apr, 2019 12:00am
Salisbury named Britain's best place to live

Salisbury named Britain's best place to live

The English cathedral city of Salisbury, the location of a deadly nerve agent poisoning blamed on Russia, was named as Britain's best place to live by the Sunday Times newspaper. The award comes a little over a year after a former Russian double agent and
Published 15 Apr, 2019 12:00am
American Airlines extends Boeing 737 MAX cancellations

American Airlines extends Boeing 737 MAX cancellations

American Airlines Group Inc said on Sunday it is extending Boeing Co 737 MAX cancellations through August 19, leading to about 115 daily canceled flights, or 1.5 percent of its daily summer flying schedule.
Published 15 Apr, 2019 12:00am
Syria announces new measures to curb fuel shortages

Syria announces new measures to curb fuel shortages

Syria adopted new measures Sunday to curb fuel shortages President Bashar al-Assad's government has blamed on strangling Western sanctions on the war-torn country. Syrian authorities are seeking to "regulate the distribution at petrol stations" and to ens
Published 15 Apr, 2019 12:00am
India's Infosys fourth quarter profit jumps on deal wins
Currency

India's Infosys fourth quarter profit jumps on deal wins

Infosys Ltd, India's second biggest software services exporter, reported a 10.4 percent rise in its fourth-quarter profit on Friday, helped by strong growth in its key financial services segment and large deal wins during the period. Net profit for the th
Published 15 Apr, 2019 12:00am
India's Infosys fourth quarter profit jumps on deal wins
Currency

India's Infosys fourth quarter profit jumps on deal wins

Infosys Ltd, India's second biggest software services exporter, reported a 10.4 percent rise in its fourth-quarter profit on Friday, helped by strong growth in its key financial services segment and large deal wins during the period. Net profit for the th
Published 15 Apr, 2019 12:00am
Jaguar Land Rover begins Brexit-linked UK plant shutdowns

Jaguar Land Rover begins Brexit-linked UK plant shutdowns

Jaguar Land Rover (JLR) shut its UK plants on Monday for five days over Brexit, adding to other shutdowns to leave at least half the country's car production off-line in what could be a pivotal week for Britain's divorce from the EU. The move was intended
Published 15 Apr, 2019 12:00am
Telenor buys majority stake in Finland's DNA for $1.7 billion

Telenor buys majority stake in Finland's DNA for $1.7 billion

Telenor will enter Finland's telecoms market after agreeing to buy a controlling stake in the country's third-largest mobile firm DNA, completing its presence in the Nordic region. The 1.5 billion-euro ($1.7 billion) deal for a 54 percent stake in DNA mar
Published 15 Apr, 2019 12:00am
BP to exit China's shale gas after poor drilling results

BP to exit China's shale gas after poor drilling results

European oil major BP plans to exit from two production sharing contracts (PSC) for projects drilling for shale gas in the southwestern Chinese province of Sichuan, three sources with the knowledge of the matter said.
Published 15 Apr, 2019 12:00am
Lufthansa plans to ditch in-flight food subsidiary

Lufthansa plans to ditch in-flight food subsidiary

European airline giant Lufthansa has begun the process to sell off catering subsidiary LSG, the world's biggest in-flight food supplier, the firm said on Thursday. "Lufthansa's board decided to begin a formal sale process for the possible sale of LSG, in
Published 15 Apr, 2019 12:00am
QNB first quarter net profit rises 3.8 percent, loans up five percent

QNB first quarter net profit rises 3.8 percent, loans up five percent

Qatar National Bank (QNB), the Gulf's largest lender, reported a 3.8 percent increase in first-quarter net profit on Tuesday, broadly in line with analysts' forecasts. Net profit in the three months to March 31 was 3.56 billion riyals ($978 million), the
Published 15 Apr, 2019 12:00am
QNB first quarter net profit rises 3.8 percent, loans up five percent

QNB first quarter net profit rises 3.8 percent, loans up five percent

Qatar National Bank (QNB), the Gulf's largest lender, reported a 3.8 percent increase in first-quarter net profit on Tuesday, broadly in line with analysts' forecasts. Net profit in the three months to March 31 was 3.56 billion riyals ($978 million), the
Published 15 Apr, 2019 12:00am
Qualcomm unveils new chip for speeding up AI work

Qualcomm unveils new chip for speeding up AI work

Qualcomm Inc on April 9 unveiled a new chip for speeding up artificial intelligence work, aiming to diversify beyond its stronghold in mobile phone chips and into a fast-growing market now dominated by Nvidia Corp and Intel Corp.
Published 15 Apr, 2019 12:00am
'US social media users sticking with services'

'US social media users sticking with services'

US adults appear to be sticking with Facebook, Twitter and other online platforms despite controversies over privacy and misinformation, according to a study released Wednesday by the Pew Research Center. A month-long survey taken early this year found th
Published 15 Apr, 2019 12:00am
Twitter limits bulk in its bid to fight spam

Twitter limits bulk in its bid to fight spam

Twitter on April 8 trimmed the number of accounts that a user can follow in a single day in an effort to fight spam at the micro-blogging platform. The total number of accounts that can be added to a user's list was cut to 400 from 1,000, the San Francisc
Published 15 Apr, 2019 12:00am
Facebook enhances memorialised user accounts

Facebook enhances memorialised user accounts

Facebook on April 9 improved features of social network accounts kept as memorials to deceased members of the online community. Memorialized accounts are intended to serve as venues for friends and family to share memories and thoughts of those who have p
Published 15 Apr, 2019 12:00am
US unveils plans to speed up 5G wireless deployment

US unveils plans to speed up 5G wireless deployment

US officials April 12 unveiled plans to accelerate deployment of 5G wireless networks, including new funding to bring the ultrafast systems to remote rural areas. At a White House event, the Federal Communications Commission announced new spectrum auction
Published 15 Apr, 2019 12:00am
Alpine glaciers risk 90 percent melt by 2100: study

Alpine glaciers risk 90 percent melt by 2100: study

Unchecked greenhouse gas emissions could see more than 90 percent of glaciers in the Alps disappear by the end of the century, scientists said Tuesday in new research. There are more than 4,000 glaciers - vast, ancient reserves of ice - dotted throughout
Published 15 Apr, 2019 12:00am
Clues emerge in 'missing' ocean plastics conundrum

Clues emerge in 'missing' ocean plastics conundrum

It's a puzzle that has perplexed scientists for years: humanity dumps millions of tonnes of plastics into the world's oceans annually, yet only a tiny fraction remains visible on the surface. Now an international team of researchers believe they may be cl
Published 15 Apr, 2019 12:00am
Liverpool back on top as Salah stunner kills off Chelsea

Liverpool back on top as Salah stunner kills off Chelsea

Liverpool powered back to the top of the Premier League after Mohamed Salah's stunning strike clinched a 2-0 win over Chelsea on Sunday. Jurgen Klopp's side had surrendered pole position a few hours earlier when Manchester City won 3-1 at Crystal Palace,
Published 15 Apr, 2019 12:00am
Djokovic quietly confident for Monte Carlo

Djokovic quietly confident for Monte Carlo

Novak Djokovic said on Sunday he is working to ensure that last month's sub-par hardcourt performances do not affect his seasonal bow on clay in Monte Carlo. The world number one kicks off at his home event starting in the second round against either Phil
Published 15 Apr, 2019 12:00am
Sterling hits double

Sterling hits double

Manchester City eased back to the top of the Premier League as Raheem Sterling struck twice to beat Crystal Palace 3-1 at Selhurst Park on Sunday. The English champions move a point ahead of Liverpool, who host Chelsea at Anfield later on Sunday, with fiv
Published 15 Apr, 2019 12:00am
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