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Print - 2019-12-09
Trapped gold miners found dead in South Africa

Trapped gold miners found dead in South Africa

Four gold miners trapped underground after a tremor caused a rockfall in northeast South Africa have been found dead, their union said Sunday. A fifth miner was rescued with serious injuries on Friday after the accident at the Tau Lekoa Mine in the town o
Published 09 Dec, 2019 12:00am
Detained Canadians in China cut off from the world

Detained Canadians in China cut off from the world

Two Canadians who disappeared into China's state security apparatus in what was widely seen as retaliation for the arrest of a Chinese telecom executive remain secluded in detention a year on, without access to lawyers or family.
Published 09 Dec, 2019 12:00am
Iraq leaders laugh off new US sanctions

Iraq leaders laugh off new US sanctions

An Iraqi paramilitary leader and a politician have laughed off financial sanctions Washington recently placed on them for alleged corruption and human rights abuses. "They should have given us this honour a long time ago," said Qais al-Khazali, one of the
Published 09 Dec, 2019 12:00am
Ukraine crowds protest over Russia summit

Ukraine crowds protest over Russia summit

Some 5,000 Ukrainians rallied in Kiev on Sunday warning President Volodymyr Zelensky to resist pressure from Russia's Vladimir Putin when the two men meet on Monday for talks on the conflict in Ukraine's east.
Published 09 Dec, 2019 12:00am
EU budget rules need rethink, says new commissioner
Global Business Economy

EU budget rules need rethink, says new commissioner

The EU's new economy commissioner Paolo Gentiloni said the bloc should consider loosening its strict budget deficit rules to respond to climate risks and weak growth, echoing a similar call by French President Emmanuel Macron.
Published 09 Dec, 2019 12:00am
Futures spread up by 147bps
Stocks

Futures spread up by 147bps

The futures spread increased by 147bps to 11.81 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 30.5 percent to 130.28 million shares as compared to previous week'
Published 09 Dec, 2019 12:00am
Jubilant week witnessed
Stocks

Jubilant week witnessed

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on December 6, 2019 on the back of healthy buying in almost all sectors.
Published 09 Dec, 2019 12:00am
Commerce under big focus

Commerce under big focus

The government has merged Commerce and Textile Divisions after which Ministry of Commerce and Textile has been renamed as Ministry of Commerce.
Published 09 Dec, 2019 12:00am
Fed to hold fire as economy ends 2019 on a strong note

Fed to hold fire as economy ends 2019 on a strong note

With the strength of the world's largest economy on display at year end, the US Federal Reserve is all but certain to leave interest rates untouched at its final policy meeting of 2019 this week.
Published 09 Dec, 2019 12:00am
France ready to take Trump's threat to WTO

France ready to take Trump's threat to WTO

France is ready to go to the World Trade Organization to challenge U.S. President Donald Trump's threat to put tariffs on champagne and other French goods in a row over a French tax on internet companies, its finance minister said on Sunday.
Published 09 Dec, 2019 12:00am
At least 43 killed in 'horrific' factory fire in New Delhi

At least 43 killed in 'horrific' factory fire in New Delhi

At least 43 people were killed Sunday in a devastating fire that ripped through a bag factory in the cramped, congested old quarter of the Indian capital New Delhi, trapping scores of workers who were sleeping inside.
Published 09 Dec, 2019 12:00am
Reciprocal restrictions
Letters

Reciprocal restrictions

That the present-day China is far more economically stronger than the then Soviet Union is a fact. That China continues to persevere against growing US hostility without losing sight of its global economic goals is another important fact. That is why perh
Updated 10 Dec, 2019 05:55am
The 'knowledge factory'
Articles

The 'knowledge factory'

China is the world's manufacturing factory. However, the game is changing in China and most countries may not really know what to do when the full impact of this mass production converting to mass innovation takes place.
Updated 10 Dec, 2019 09:40am
External debt trap: the way out?
Articles

External debt trap: the way out?

Pakistan Tehrik-i-Insaaf (PTI) in government has taken a u-turn on several of its pre-election manifesto pledges in its sixteen months in power with the prime minister publicly acknowledging that he became the prime minister by taking a u-turn, perhaps a
Updated 10 Dec, 2019 06:39am
Dysfunctional ECP

Dysfunctional ECP

The 18th Constitutional Amendment did fully restore parliamentary democracy in Pakistan, but what it did not do keeps coming up, vitiating the atmospherics conducive to good governance. One such conundrum is its silence on the appointment of members of El
Updated 09 Dec, 2019 06:40am
'Digital' Pakistan

'Digital' Pakistan

Speaking at the launching ceremony of the Digital Pakistan Vision at the Prime Minister's Secretariat, Prime Minister Imran Khan stated that digitalization is critical for the benefit of the people as it would assist the government to bring a meaningful c
Updated 09 Dec, 2019 06:40am
PML-N's politics revolves around saving looted money: Firdous

PML-N's politics revolves around saving looted money: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan said here on Sunday the epicentre of PML-N's politics was just to conceal the massive corruption of its leadership and find ways to save the plundered wealth.
Published 09 Dec, 2019 12:00am
Peshawar BRT: Bilour hails PHC orders for initiating probe

Peshawar BRT: Bilour hails PHC orders for initiating probe

The United Business Group leader and former senator, Ilyas Ahmad Bilour has hailed the Peshawar High Court verdict, in which the Federal Investigation Authority (FIA) is being directed to conduct probe into alleged corruption in Peshawar Bus Rapid Transit
Published 09 Dec, 2019 12:00am
Prices of essential food items witness upward trend

Prices of essential food items witness upward trend

A sizeable increase in prices essential food commodities, including vegetable, pulses, fruits, sugar, flour and others was witnessed in preceding week as compared to last week, according to a survey conducted by Business Recorder here on Sunday.
Published 09 Dec, 2019 12:00am
UN's International Anti-Corruption Day today

UN's International Anti-Corruption Day today

United Nations Secretary-General António Guterres has urged the "people everywhere to continue to work on innovative solutions to win the battle against corruption and to ensure that precious resources serve the peoples of the world," on the eve of UN's I
Published 09 Dec, 2019 12:00am
Pakistan Navy ships visit Port Lagos, Nigeria

Pakistan Navy ships visit Port Lagos, Nigeria

Pakistan Navy Ships MOAWIN and ASLAT visited Port Lagos, Nigeria, as part of Overseas Deployment to African region. During the visit, Mission Commander & Commanding Officers of the visiting ships called on prominent Nigerian authorities including Flag Off
Published 09 Dec, 2019 12:00am
MRI test conducted: Zardari examined by new medical board

MRI test conducted: Zardari examined by new medical board

New medical board constituted to physically examine former president Asif Ali Zardari has started its work as MRI test of the PPP leader was carried out at Pakistan Institute of Medical Sciences (PIMS).
Published 09 Dec, 2019 12:00am
SNGPL okays KP's gasification schemes worth Rs.4 billion: adviser
Energy

SNGPL okays KP's gasification schemes worth Rs.4 billion: adviser

Advisor to KP Chief Minister on Energy and Power HimayatUllah Khan has said that Sui Northern Gas Pipeline Limited (SNGPL) has approved gas infrastructure development projects worth Rs 4.05 billion for gasification of Karak, Kohat, Hangu, Charsadda and Pe
Published 09 Dec, 2019 12:00am
Chohan criticises Bilawal for Sindh's poor governance

Chohan criticises Bilawal for Sindh's poor governance

Provincial Information Minister Fayyaz-ul-Hassan Chohan in his rebuttal to the opposition for criticizing government on the media said that Bilawal Bhutto should initiate doing public politics after getting out of drawing room imaginary politics and learn
Published 09 Dec, 2019 12:00am
Karachi mayor for upgrading education system

Karachi mayor for upgrading education system

Mayor Karachi Wasim Akhtar has stressed the need of upgrading the local education system in line with the best international academic practices. "Our children should get this opportunity to make them acquainted with the new technology. This is the need of
Published 09 Dec, 2019 12:00am
Pakistan Navy celebrates 61st Gwadar Day

Pakistan Navy celebrates 61st Gwadar Day

Pakistan Navy celebrated 61st Gwadar Day with zeal and fervor. Various ceremonies were held in Gwadar under the auspices of the Pakistan Navy to celebrate the day and to revitalize the spirit of nationalism amongst the local populace.
Published 09 Dec, 2019 12:00am
Persons doing corruption committing treason: Buzdar

Persons doing corruption committing treason: Buzdar

Punjab Chief Minister Usman Buzdar has said that those persons doing corruption are not only usurping the rights of public but also committing treason with their position in the country.
Published 09 Dec, 2019 12:00am
Admission list of KU (Morning) programme issued

Admission list of KU (Morning) programme issued

University of Karachi, has uploaded the admission list of open merit Morning (Bachelors and Masters) Program 2020 on the KU official webpage (www.uok.edupk). In-charge, Directorate of Admissions, Dr Saima Akhtar announced here on Sunday.
Published 09 Dec, 2019 12:00am
Opponents scared of speedy uplift projects: Ghani
Business & Economy

Opponents scared of speedy uplift projects: Ghani

Sindh Minister for Information, Archives and Labour Saeed Ghani Sunday said that Pakistan People's Party had been serving the masses for the last four decades and it would continue to do so in the years to come. "Our opponents and critics were showing env
Published 09 Dec, 2019 12:00am
No one can even think of minus Imran: Tareen

No one can even think of minus Imran: Tareen

Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen on Sunday said that no one can even think of minus Prime Minister Imran Khan. Talking to media after meeting Pakistan Muslim League-Quaid (PML-Q) chief Chaudhry Shujaat and his brother and Speaker Punj
Published 09 Dec, 2019 12:00am
Khunjerab border opens temporarily

Khunjerab border opens temporarily

The Pakistan-China border force has decided to open its border temporarily for two days to ensure the return of Pakistani traders trapped in Kashgar province of China.
Published 09 Dec, 2019 12:00am
WEEKLY COTTON REVIEW: Bearish trend observed due to cautious buying
Cotton & Textile

WEEKLY COTTON REVIEW: Bearish trend observed due to cautious buying

In the local cotton market during the last week bearish trend was seen due to cautious buying by local mills and due to the panic buying by the ginners because the quality of the cotton stored by the ginners is not good hence spot rate of cotton decreased
Published 09 Dec, 2019 12:00am
Ministry spends over a million on designer's visit
Business & Economy

Ministry spends over a million on designer's visit

Commerce Ministry has spent over a million rupees on the visit of a two-member team including Stella Jean, Italian fashion designer from the Export Development Fund (EDF). She was invited by the Prime Minister Adviser on Commerce, Industries and Productio
Published 09 Dec, 2019 12:00am
ELEPHONE officially launched
Telecommunication

ELEPHONE officially launched

After expanding its presence in France, Spain, Portugal, and Malaysia, the much awaited and prospective leading Chinese smartphone manufacturer ELEPHONE was officially launched by Rock Mobile (Pvt) Ltd in Pakistan here on Sunday.
Published 09 Dec, 2019 12:00am
Tribute paid to senior journalist late Usman Ajmery

Tribute paid to senior journalist late Usman Ajmery

A condolence reference was held to pay tribute to senior journalist and Bureau Chief of Urdu daily Nawai Waqat late Muhammad Usman Ajmery, here at Hyderabad Press Club on Sunday.
Published 09 Dec, 2019 12:00am
200 doctors get degrees at CPSP convocation

200 doctors get degrees at CPSP convocation

As many as 200 graduates awarded degrees here on Sunday during the 53rd convocation of College of Physicians and Surgeon Pakistan's (CPSP) held in Ayub Medical College, Abbottabad. Chief Guest Surgeon General Kawar Hussain awarded specialists degree of di
Published 09 Dec, 2019 12:00am
KP CM launches E-governance for contractors, firms
Business & Economy

KP CM launches E-governance for contractors, firms

KP Chief Minister Mahmood Khan has formally launched the E-governance for contractors and firms that would benefit as many as 7000 contractors of the province. Provincial Minister for C&W Akbar Ayub Khan, Principal Secretary to Chief Minister Shahab Ali S
Published 09 Dec, 2019 12:00am
Hong Kongers mark half a year of protest with mammoth rally

Hong Kongers mark half a year of protest with mammoth rally

Democracy protesters took part in the largest mass rally through Hong Kong's streets in months on Sunday in a forceful display of support for the movement, with a leading activist warning the city's pro-Beijing leaders they had a "last chance" to end the
Published 09 Dec, 2019 12:00am
Air strikes kill five pro-Iran fighters in Syria

Air strikes kill five pro-Iran fighters in Syria

Air strikes by unidentified warplanes have killed five pro-Iran fighters in Syria's eastern province of Deir Ezzor near the Iraqi border, a Britain-based war monitor said on Sunday. The strikes late Saturday targeted "positions of Iranian forces and allie
Published 09 Dec, 2019 12:00am
Smoke haze settles over Australian capital as bushfires burn

Smoke haze settles over Australian capital as bushfires burn

Smoke haze from bushfires raging in Australia spread to the capital Sunday, as firefighters raced to contain more than 140 blazes ahead of a heatwave forecast early this week. Australia is experiencing a horrific start to its fire season, which scientists
Published 09 Dec, 2019 12:00am
Rising US rap artist Juice WRLD dies at 21

Rising US rap artist Juice WRLD dies at 21

Chicago-born rapper Juice WRLD, one of a wave of young artists who made a name on streaming platforms before breaking out as chart-toppers and social media celebrities, died on Sunday at the age of 21, according to local authorities.
Published 09 Dec, 2019 12:00am
Trump warns Kim has 'everything' to lose through hostility

Trump warns Kim has 'everything' to lose through hostility

President Donald Trump warned Sunday that North Korea's Kim Jong Un had "everything" to lose through hostility towards the United States, after Pyongyang said it had carried out a major new weapons test.
Published 09 Dec, 2019 12:00am
Israel strikes in Gaza after rocket attack

Israel strikes in Gaza after rocket attack

Israeli aircraft carried out attacks in the Hamas-controlled Gaza Strip early Sunday, Palestinian security officials said, hours after militants in the enclave launched three rockets at the Jewish state.
Published 09 Dec, 2019 12:00am
Unrelenting transport chaos as French strike bites

Unrelenting transport chaos as French strike bites

Public transport in France was crippled for a fourth day Sunday as the government prepared to respond to anger over pension reforms that brought hundreds of thousands onto the streets as workers embarked on open-ended protest.
Published 09 Dec, 2019 12:00am
Polio returns to haunt Malaysia after almost 30 years

Polio returns to haunt Malaysia after almost 30 years

Malaysia has reported its first polio case in 27 years, health authorities said Sunday, announcing a three-month-old baby had been diagnosed on Borneo island. The Malaysian health ministry's director-general, Noor Hisham Abdullah, said the baby from Tuara
Published 09 Dec, 2019 12:00am
CEE currencies seen broadly flat
Money & Banking

CEE currencies seen broadly flat

Central Europe's main currencies should mostly remain at similar levels over the next year, a Reuters poll of 39 analysts showed, as progress in US-China trade talks and the receding risk of a hard Brexit are offset by worries over global growth.
Published 09 Dec, 2019 12:00am
Deutsche Bahn aims to launch delayed Arriva IPO next year
Stocks

Deutsche Bahn aims to launch delayed Arriva IPO next year

German state-owned railway operator Deutsche Bahn aims for an initial public offering (IPO) of international passenger transport business Arriva next year, dpa news agency reported, setting a new timetable for the long-mooted flotation plans.
Published 09 Dec, 2019 12:00am
Thai baht likely to weaken
Money & Banking

Thai baht likely to weaken

Thailand's baht currency is likely to weaken on more foreign selling, a lower current account surplus and reduced dollar-related gold trading flows, a deputy governor of its central bank said on Wednesday.
Published 09 Dec, 2019 12:00am
Global Blue prepares for possible 1 billion euro IPO
Stocks

Global Blue prepares for possible 1 billion euro IPO

Shopping tax refund firm Global Blue is preparing for a possible 1 billion euro ($1.1 billion) initial public offering in Amsterdam this year as investors show renewed signs of interest in new listings, four sources familiar with the matter said.
Published 09 Dec, 2019 12:00am
Tesco considers Asia exit
Global Business Economy

Tesco considers Asia exit

Britain's biggest retailer, Tesco, has signalled a further retreat from its once lofty global ambitions by starting a review of its remaining Asian businesses, which could result in a sale of those Thai and Malaysian operations.
Published 09 Dec, 2019 12:00am
Saudi Arabia ends gender-segregated entrances for restaurants
Global Business Economy

Saudi Arabia ends gender-segregated entrances for restaurants

Restaurants in Saudi Arabia will no longer need to maintain entrances segregated by sex, the authorities said on Sunday, further eroding some of the world's strictest social rules as sweeping reforms take hold.
Published 09 Dec, 2019 12:00am
Crude oil imports hit record high
Energy

Crude oil imports hit record high

China's crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
Published 09 Dec, 2019 12:00am
China exports fall in November, imports recover
Global Business Economy

China exports fall in November, imports recover

China's exports declined for the fourth consecutive month in November as a trade war with Washington rumbles on, official data showed Sunday, although imports rebounded. Exports were down by 1.1 percent in the last month of the year, after a drop of 0.9 p
Published 09 Dec, 2019 12:00am
Iran unveils budget of 'resistance' against US sanctions
Global Business Economy

Iran unveils budget of 'resistance' against US sanctions

Iran's President Hassan Rouhani announced Sunday a "budget of resistance" against US sanctions targeting the country's vital oil sector, backed by a $ 5 billion Russian investment. Rouhani said the aim was to reduce "hardships" in Iran where a shock fuel
Published 09 Dec, 2019 12:00am
Google co-founders step down as Pichai named Alphabet CEO
IT & Computers

Google co-founders step down as Pichai named Alphabet CEO

Google co-founders Larry Page and Sergey Brin are stepping down from their roles at the helm of parent firm Alphabet and handing the reins to current Google CEO Sundar Pichai, the company said Tuesday.
Published 09 Dec, 2019 12:00am
Ryanair cuts planned capacity, jobs
Global Business Economy

Ryanair cuts planned capacity, jobs

Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing's grounded 737 Max aircraft to service.
Published 09 Dec, 2019 12:00am
Nomura picks operations chief as new CEO
Money & Banking

Nomura picks operations chief as new CEO

Nomura has picked joint operations chief Kentaro Okuda to lead a turnaround of Japan's biggest brokerage and investment bank, taking over from chief executive Koji Nagai, who will become chairman. The reshuffle was announced on Monday as Nomura posted its
Published 09 Dec, 2019 12:00am
Oman Oil Company plans share sale in 2020: minister
Energy

Oman Oil Company plans share sale in 2020: minister

State-owned Oman Oil Co expects to list 20%-25% of its shares in an initial public offering (IPO) by the end of next year, Oman's Oil Minister Mohammed al-Rumhi said on Wednesday.
Published 09 Dec, 2019 12:00am
New Nissan boss vows to rebuild trust after Ghosn
Global Business Economy

New Nissan boss vows to rebuild trust after Ghosn

Nissan's new boss pledged on Monday to regain customer trust and harness the firm's three-way alliance with Renault and Mitsubishi, as the crisis-hit firm seeks to turn the page from the arrest of former chief Carlos Ghosn.
Published 09 Dec, 2019 12:00am
Disappearing frontier: Alaska's glaciers retreating at record pace

Disappearing frontier: Alaska's glaciers retreating at record pace

Alaska will soon close a year that is shaping up as its hottest on record, with glaciers in the "Frontier State" melting at record or near-record levels, pouring waters into rising global seas, scientists said after taking fall measurements.
Published 09 Dec, 2019 12:00am
Russia makes local apps mandatory on smartphones
Telecommunication

Russia makes local apps mandatory on smartphones

Russian President Vladimir Putin has signed a law a requiring all smartphones and computers sold in the country to come pre-installed with Russian software. The legislation, which will take effect in July 2020, is aimed at promoting Russian-made software.
Published 09 Dec, 2019 12:00am
Emotion-sensing robot launched to assist space station astronauts
IT & Computers

Emotion-sensing robot launched to assist space station astronauts

An intelligent robot equipped with emotion-sensing voice detectors was headed to the International Space Station after launching from Florida on Thursday, becoming the latest artificial intelligence-powered astronaut workmate in orbit.
Published 09 Dec, 2019 12:00am
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