Trends - COVID19 - Business Recorder

COVID19

General Motors' US sales fall in 2020 despite strong Q4

In the fourth quarter, GM reported a 4.8 percent increase in US auto sales to 771,323, topping analyst estimates.

Published 05 Jan, 2021 09:54pm

World

US manufacturers power through December Covid surge

New orders rose 2.8 points to 67.9 percent last month, while production jumped four points to 64.8 percent.

Published 05 Jan, 2021 09:35pm

World

World Bank warns global recovery could erode if virus worsens

The report warns the outlook remains "highly uncertain," and GDP growth could be as low as 1.6 percent this year if the downside risks materialize.

Published 05 Jan, 2021 09:29pm

World

World Bank sees global output up 4pc in 2021, flags downside risks

The World Bank's semi-annual forecast showed the collapse in activity due to the coronavirus pandemic was slightly less severe than previously forecast.
The near-term outlook remains highly uncertain," the Bank said in a statement.

Published 05 Jan, 2021 09:18pm

World

World Bank working with countries to resolve vaccine indemnification hurdles

He said Bank officials were working with countries to address one of the key obstacles - rules that leave vaccine makers open for lawsuits or judgments - through legislation or other processes.
Malpass also appealed to advanced economies to release reservations of vaccines beyond their ability to distribute them.

Published 05 Jan, 2021 09:10pm

World

Italy to invest in biotech ReiThera to support COVID-19 vaccine development

ReiThera is developing the vaccine with Germany's Leukocare and Belgium's Univercells.
Some 92.5% of volunteers had detectable levels of neutralizing antibodies.

Published 05 Jan, 2021 09:07pm

Pakistan

Coronaviris claims 36 more lives in Punjab on Tuesday

The Punjab Health Department allocated 665 ventilators for across the province and 357 ventilators were in use while 308 ventilators were spare so far.

Published 05 Jan, 2021 08:53pm

Pakistan

Cabinet approves purchase of COVID-19 vaccine to save human lives

The meeting approved the appointment of the Chairman Board of Directors (BOD) of Pakistan Expo Centers Private Limited.

Published 05 Jan, 2021 08:27pm

World

BioNTech warns against delaying second vaccine dose

BioNTech said its clinical data showing 95 percent efficacy was based on a two-dose schedule separated by 21 days.

Published 05 Jan, 2021 07:54pm

World

Covid-19 hit Lebanese in desperate hunt for hospital beds

With 192,000 reported cases and almost 1,500 deaths, Lebanon is not among the world's worst hit countries.

Published 05 Jan, 2021 07:51pm

World

UK PM postpones India trip due to Covid crisis

Johnson still hopes to visit India in the first half of 2021, before Modi is due to attend a G7 summit in Britain later this year.

Published 05 Jan, 2021 07:46pm

World

Virus-hit Italy gripped by political crisis

The coalition collapsed a year later, but he stayed on at the head of a left-leaning government cobbled together between the M5S, PD and smaller allies.

Published 05 Jan, 2021 07:45pm

Business & Finance

Indian vaccine makers end spat, pledge 'smooth rollout' of COVID-19 shots

Both companies respect the great work being carried out by each other and put behind us the miscommunication and misunderstanding caused during the past week.
India's drugs regulator on Sunday approved for emergency use a vaccine developed by AstraZeneca and Oxford University.

Published 05 Jan, 2021 07:43pm

Markets

Next shares surge as online sales limit pandemic pain

Sales in nine weeks to Dec 26 fall 1.1%.
Company had forecast a drop of 8%.
More than 50% of store sales in Nov lockdown went online.
Shares rise to five-year high.

Published 05 Jan, 2021 07:41pm

World

Britons ordered to stay at home as third national lockdown begins

Highly contagious new COVID variant spreading fast.
Hospitals under strain, risk being overwhelmed.
All schools, non-essential shops, hospitality closed.
Measures to last at least seven weeks, likely longer.
Italy, Germany keep restrictions in place as infections soar.

Published 05 Jan, 2021 07:38pm

World

Iran confirms first case of new Covid-19 variant

Total infections also grew by 6,113 on Tuesday, remaining relatively stable at that level for the past three weeks, from a high of 14,051 on November 27.

Published 05 Jan, 2021 07:38pm

World

Britain shuts schools as Germany braces for extended lockdown

Covid-19 was first detected in the central city of Wuhan in late 2019, before seeping beyond China's borders to wreak global havoc.

Published 05 Jan, 2021 07:34pm

World

Covid-19 breaches erode trust in Swedish leaders: poll

Only 31 percent had either a "very high" or "fairly high" level of trust, down seven percentage points.

Published 05 Jan, 2021 07:29pm

Business & Finance

China raises macro prudential adjustment coefficient for firms making overseas loans

The upper limit of overseas loans made by domestic firms will be increased accordingly.
The move will help meet Chinese companies' demand for capital when they make overseas investments.

Published 05 Jan, 2021 07:26pm

Business & Finance

Polish central bank governor says third wave would make rate cuts possible in Q1

In the central bank's baseline scenario of a stabilising epidemic and gradually improving economic situation there should be no need to change the monetary policy in coming quarters.

Published 05 Jan, 2021 07:16pm

World

Japan should impose Tokyo COVID-19 state of emergency quickly

Chief Cabinet Secretary Katsunobu Kato said earlier in the day the government was working toward deciding on Thursday.

Published 05 Jan, 2021 06:53pm

World

Brazil to requisition syringes for COVID-19 vaccination plan

This requisitioning aims to meet the most pressing needs to start the national vaccination plan.
The Health Ministry sought to buy 331 million syringes at last week's electronic auction but purchased just 8 million.

Published 05 Jan, 2021 06:48pm

Pakistan

Federal capital records 132 fresh corona cases in last 24 hours: NCOC

He said so far 38,395 cases were reported from the federal capital while 428 deaths were reported from ICT.

Published 05 Jan, 2021 06:42pm

World

Israel tourism sinks 82pc during 2020 pandemic after record year in 2019

Data published by the Central Bureau of Statistics on Tuesday showed just 888,200 visitors to Israel last year.
Israel's economy is estimated to have contracted 3.7% in 2020.

Published 05 Jan, 2021 06:40pm

World

Sweden registers 32,369 new COVID-19 cases, 258 deaths since Wednesday

Sweden registered 258 new deaths, taking the total to 8,985. The deaths registered have typically occurred over several days and sometimes weeks.
Sweden's death rate per capita is several times higher than that of its Nordic neighbours'

Published 05 Jan, 2021 06:34pm

World

COVID-19 fight in China's Hebei enters 'wartime mode'

Hebei sees first local COVID-19 cases since June.
Province vows to form defensive 'moat' around Beijing.

Published 05 Jan, 2021 06:31pm

Pakistan

COVID-19 claims 59 deaths, over 1,900 new Coronavirus cases reported

During the last 24 hours most of the deaths had occurred in Punjab followed by the Sindh.

Published 05 Jan, 2021 06:29pm

Pakistan

Dr Atta stresses for social distancing measures for Air travelers

He urged upon the traders, Airports and School administrations to play their important role in getting the SOPs implemented.

Published 05 Jan, 2021 06:25pm

Pakistan

Sindh reports 11 deaths, over 1,000 cases in past 24 hours

It may be noted that 828 out of total cases or 79 per cent belong to Karachi, says CM.
As many as 12,457 samples tested during the period out of which 1,049 came positive.

Updated 05 Jan, 2021 07:04pm

Sports

Japan sumo champion Hakuho tests positive for coronavirus

Tokyo reported 1,278 new infections on Tuesday, local media said, the second-highest figure yet following the 1,337 reported on New Year's Eve.

Published 05 Jan, 2021 05:48pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 28	278.45
USD PKR Interbank Buying / Jun 28	278.25
USD to Japanese Yen / Jun 28	160.88
USD to Swiss Franc / Jun 28	0.90
Pound Sterling to USD / Jun 28	1.26
Euro to USD / Jun 28	1.07

Stock	Volume
S&P 500 / Jun 28	5,460.48
India Sensex / Jun 28	79,032.73
Tokyo Nikkei / Jun 28	39,583.08
Nasdaq / Jun 28	17,732.60
Hang Seng / Jun 28	17,718.61
FTSE 100 / Jun 28	8,164.12
Dow Jones / Jun 28	39,118.86
Germany DAX 30 / Jun 28	18,235.45

Item	Value
Crude Oil USD/Barrel / Jun 28	81.54
Karachi Cotton PKR/37.32 KG / Jun 28	18,735
Gold 10 Grams PKR / Jun 28	207,219
Gold Spot USD/Ounce / Jun 28	2,326.75
Cotton US¢/pound / Jun 28	72.69
Petrol/Litre / Jun 29	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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