News Archives for World - 2020-07-17

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World - 2020-07-17

COVID-19 resurgence poses biggest risk to US economy: IMF

The second quarter saw a 37 percent collapse in GDP, which is expected to contract by 6.6 percent in 2020, the fund said, stressing the "tremendous uncertainties" surrounding the outlook.

Published 17 Jul, 2020 11:41pm

Europe

Brazil virus outbreak has 'plateaued': WHO

Brazil is the second worst virus affected country in the world after the United States, counting nearly 77,000 deaths and more than two million cases.

Published 17 Jul, 2020 11:21pm

Currency

US economy faces significant risks, long road to recovery: IMF staff

There are tremendous uncertainties surrounding the economic propagation of the COVID-19 shock.
It will likely take a prolonged period to repair the economy and to return activity to pre-pandemic levels.

Published 17 Jul, 2020 09:53pm

USA

Treasury's Mnuchin open to blanket forgiveness for smaller business relief loans

Mnuchin told lawmakers that they should consider such an approach to reduce complexity, coupled with some form of fraud protection. *"This time, we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines," he said.

Published 17 Jul, 2020 08:54pm

Currency

Nigeria inflation rises in June, food and healthcare cost weigh

Inflation climbed to 12.56%, its highest level in more than two years, from 12.4% in May, the National Bureau of Statistics said.
The central bank is due to meet on Monday to set interest rates after it last week depreciated the naira by 5.5% against the dollar on the official market.

Published 17 Jul, 2020 08:47pm

South Asia

Russia ready to mediate talks between Armenia, Azerbaijan

Putin alongside senior Russian government officials "emphasised an urgent need for the parties to adhere to a ceasefire.
Negotiations mediated by Russia, the United States, and France since 1994 have failed to bring about a lasting resolution to the stalemate.

Published 17 Jul, 2020 08:35pm

Europe

German finance minister under fire over Wirecard warnings

Wirecard collapsed spectacularly last month after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts likely did not exist.
Scholz has described the Wirecard scandal as "unparalleled in the financial world" and called for reforms of the country's finance watchdog Bafin.

Published 17 Jul, 2020 08:33pm

World Bank official urges G20 to extend debt relief

G20 finance ministers are set to hold a virtual meeting Saturday, and are expected to discuss the status of the debt relief initiative.
She called the initial step "useful" but said, "Sadly, that step hasn't gone as far as it has been hoped.

Updated 17 Jul, 2020 08:33pm

Exchange

Lebanon's advisers to work on compromise on financial plan

The plan, which anticipates vast losses in the financial system, has been undermined by objections from Lebanon's ruling elite.
The IMF said the losses appeared to be about the right order of magnitude.

Published 17 Jul, 2020 06:45pm

Europe

EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines

Bloc seeks to secure at least 200 million doses of J&J shot.
Talks show EU's assertive line in race to COVID shots, drugs.
Negotiations led by team selected by all 27 EU states.

Published 17 Jul, 2020 06:14pm

Exchange

Hong Kong demands Taiwan officials sign 'one China' document for visa renewal

The move comes after Taipei criticised a new security law imposed on Hong Kong by Beijing.
The official said the move was unprecedented and presented an "unnecessary political obstacle" for Taipei-Hong Kong ties.

Published 17 Jul, 2020 05:52pm

Africa

Mali PM apologises for security force 'excesses' during protests

Last Friday, the latest in a series of mass protests in the capital Bamako against Keita turned violent, with security forces firing on protesters.
Clashes.

Published 17 Jul, 2020 05:47pm

Europe

Britain eyes normal life by Christmas, but preparing for second COVID-19 wave

Hope for the best, prepare for the worst, says PM Johnson.
Govt to drop 'work at home' guidance, give employers discretion.
Extra NHS funding and increased local lockdown powers.

Published 17 Jul, 2020 05:36pm

Europe

Turkey's Erdogan says Egypt's actions in Libya are illegal

Turkey has been providing military aid to the Tripoli-based government in the Libya conflict.
Erdogan said Turkey would maintain its support for the internationally recognised Government of National Accord.

Published 17 Jul, 2020 05:33pm

Russia, despite theft allegations, says deal to make UK-developed COVID-19 vaccine is on

West accuses Russia of trying to steal vaccine data.
Russia denies that, says it is victim of smear campaign.
Says has deal to make British-developed vaccine anyway.
Says its own vaccine is likely to be approved next month.

Published 17 Jul, 2020 05:31pm

China's Wuhan declares red alert as floods disrupt supply chains

Wuhan warned residents to take precautions as water levels fast approached their maximum guaranteed safety level.

Published 17 Jul, 2020 10:30am

UK accuses Russia of vaccine research hacking, vote meddling

LONDON: Britain on Thursday risked worsening fraught diplomatic ties with Russia by accusing Moscow-linked hackers ...

Published 17 Jul, 2020 02:53am

Exchange

Qatar likely to host start of Taliban-Afghan govt talks: minister

KABUL: Qatar is likely to host the initial round of peace talks between the Taliban and the Afghan government after...

Published 17 Jul, 2020 02:53am

Gabon gets first woman prime minister

LIBREVILLE: The president of Gabon, Ali Bongo Ondimba, on Thursday appointed the country's first woman prime...

Published 17 Jul, 2020 02:53am

Solar Orbiter gives unprecedented look at Sun

PARIS: Scientists said Thursday they had obtained the closest ever images taken of the Sun as part of a pan-European...

Published 17 Jul, 2020 02:53am

Jordan top court dissolves country's Muslim Brotherhood

AMMAN: Jordan's top court has dissolved the country's branch of the Muslim Brotherhood, a transnational Islamist...

Updated 17 Jul, 2020 03:21am

France makes public mask-wearing compulsory indoors

Europe

USA

As virus surges, Trump escalates conflict with Fauci

As director of the National Institute of Allergy and Infectious Diseases, the physician-scientist has led the country's response to every epidemic since the 1980s, earning particular acclaim for his research on HIV treatments.

Published 17 Jul, 2020 01:36am

Canada ethics probe widens to Trudeau's finance minister

Mario Dion, an independent officer of parliament, announced he would be investigating Morneau following a request by the Conservative opposition.

Published 17 Jul, 2020 01:33am

USA

US announces borders with Mexico, Canada to stay shut to August 20

Confirming reports days earlier from Canada that Washington had renewed the four-month-old shutdown, Wolf said the decision represented the success of collaboration on the COVID-19 pandemic.

Published 17 Jul, 2020 01:30am

Europe

Iran must quash death sentences against protesters: UN experts

Iran's Supreme Court earlier this week upheld the death penalty against the three, Amir Hossein Moradi, Saeed Tamjidi, and Mohammad Rajabi, for criminal actions during protests last November sparked by a hike in petrol prices.

Published 17 Jul, 2020 01:24am

Coronavirus toll at 1900 GMT Thursday

At least 13,660,780 cases of coronavirus have been registered in 196 countries and territories. Of these, at least 7,442,700 are now considered recovered.

Published 17 Jul, 2020 01:22am

Coronavirus: latest global developments

European Union leaders will meet in Brussels on July 17-18 to discuss a 750-billion-euro fund to help the hardest-hit member states weather the crisis.

Published 17 Jul, 2020 01:14am

Europe

Virus was direct cause of death for 89pc of Italian COVID-19 victims

The remaining 11pc had coronavirus but died as a direct result of other medical conditions, including heart disease cancer and dementia.

Published 17 Jul, 2020 12:09am

Middle East

Iraq to reopen airports on July 23, lift curfew after Eid Al-Adha

Some international flights have left Baghdad in recent weeks with passengers needing prior approval to travel.

Published 17 Jul, 2020 12:06am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 4	277.65
USD PKR Interbank Buying / Oct 4	277.45
USD to Japanese Yen / Oct 5	148.70
USD to Swiss Franc / Oct 5	0.86
Pound Sterling to USD / Oct 5	1.31
Euro to USD / Oct 5	1.10

Stock	Volume
S&P 500 / Oct 5	5,751.07
India Sensex / Oct 5	81,688.45
Tokyo Nikkei / Oct 5	38,635.62
Nasdaq / Oct 5	18,137.85
Hang Seng / Oct 5	22,736.87
FTSE 100 / Oct 5	8,280.63
Dow Jones / Oct 5	42,352.75
Germany DAX 30 / Oct 5	19,120.93

Item	Value
Crude Oil USD/Barrel / Oct 5	74.38
Karachi Cotton PKR/37.32 KG / Oct 5	18,285
Gold 10 Grams PKR / Oct 5	237,401.20
Gold Spot USD/Ounce / Oct 5	2,653.60
Cotton US¢/pound / Oct 5	73.27
Petrol/Litre / Oct 7	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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