News Archives for World - 2020-11-12

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World - 2020-11-12

USA

US unemployment claims drop sharply in latest week

That decline pushed the weekly level to its lowest point since mid-March, at the start of the pandemic.

Published 12 Nov, 2020 08:09pm

Middle East

Foreign Minister Qureshi discusses Islamophobia, IOJ&K dispute with OIC Secretary General

Foreign Minister Shah Mahmood Qureshi held a telephonic conversation earlier today with Gen. Dr. Yousef A. Al-Othaimeen, Secretary General of the OIC.

Published 12 Nov, 2020 08:01pm

Currency

US weekly jobless claims at 7-month low; consumer prices unchanged

Weekly jobless claims fall 48,000 to 709,000.
Continuing claims drop 436,000 to 6.786 million.
Consumer price index unchanged in October.

Updated 12 Nov, 2020 08:09pm

Middle East

Saudi king urges 'firm stance' against Iran

King Salman reiterated his support for a two-state solution to the Israeli-Palestinian conflict.

Published 12 Nov, 2020 06:46pm

Europe

UK economy sees record rebound after recession

Activity bounced back after shrinking by almost a fifth in the second quarter on the initial Covid-19 lockdown.

Published 12 Nov, 2020 06:43pm

Africa

S.Africa jobless rate above 30pc, highest since 2008

"This is the highest unemployment rate recorded since the start of the (Quarterly Labour Force Survey) in 2008."

Published 12 Nov, 2020 06:42pm

Covid-19 vaccine 'best science news' of 2020

There are currently more than 40 candidate vaccines against Covid-19 being tested on humans, with a handful in the most advanced Phase 3 trials.

Published 12 Nov, 2020 06:05pm

South Asia

Hong Kong lawmaker resignations a 'challenge' to authority: China

Carrie Lam on Wednesday was granted the power to turf out any legislator who she deems insufficiently patriotic, without recourse to the city's courts.

Published 12 Nov, 2020 06:03pm

Europe

EU demands China reverse rules on Hong Kong lawmakers

"These latest steps constitute a further severe blow to political pluralism and freedom of opinion in Hong Kong," the EU statement said.

Published 12 Nov, 2020 06:01pm

South Asia

UK accuses China of treaty breach in Hong Kong

"China has once again broken its promises and undermined Hong Kong's high degree of autonomy," Foreign Secretary said.

Published 12 Nov, 2020 05:58pm

Europe

Germany sees signs of virus curve flattening

Germany reported 21,866 new cases of Covid-19 over the last 24 hours, according to RKI data.

Published 12 Nov, 2020 05:56pm

Africa

Opposition grows to military role in post-coup Mali

The opposition alliance also pointed out that Goita remains the leader of the military junta, which was never formally dissolved.

Published 12 Nov, 2020 05:54pm

UK to consider sanctions against China for breaching Hong Kong treaty

The British flag was lowered over Hong Kong when the colony was handed back to China in 1997 after more than 150 years of British rule - imposed after Britain defeated China in the First Opium War.

Updated 12 Nov, 2020 06:48pm

Exchange

As Trump refuses to concede, some bettors hold out too

Trump still has a 10% chance of remaining in the White House for a second term, according to Betfair.
All major U.S news organizations have called the Nov. 3 election for Biden based on preliminary voting tallies.

Published 12 Nov, 2020 05:44pm

South Asia

Indian govt's latest stimulus to boost jobs, credit, farm sector

$16.1 billion in third round of stimulus.
Effort to buoy nascent recovery from pandemic.
Total stimulus equates to 15% of GDP.

Published 12 Nov, 2020 05:36pm

USA

President Trump eyes digital media empire to challenge Fox News

President Trump has reportedly revealed privately that he wants to start a digital media company to "clobber" Fox News, and undermine the country's largest conservative oriented media network.

Updated 12 Nov, 2020 06:08pm

Gates Foundation adds $70 million more funding for COVID vaccines for poor

An extra $50 million will go to the COVAX Advance Market Commitment (AMC) led by the GAVI vaccine alliance, the foundation said, and another $20 million to the Coalition for Epidemic Preparedness Innovations (CEPI) which is co-funding development of several COVID-19 vaccine candidates.

Updated 12 Nov, 2020 05:19pm

Pompeo confirms US sale of F-35 jets to UAE

The State Department sent a formal notice to Congress on the sale of the stealth precision planes, long sought by the Gulf Arab ally which won a green light after agreeing in September to recognize Israel.

Published 12 Nov, 2020 04:54pm

Middle East

Iran urges IAEA to take "unbiased" approach towards secretive Saudi, Israeli nuclear activities

Iran's Ambassador to the United Nations has expressed concerns about covert nuclear activities by Saudi Arabia and Israel, urging the International Atomic Energy Agency (IAEA) to adopt an "unbiased" approach towards both regimes.

Updated 12 Nov, 2020 04:56pm

Turkey again calls for joint U.S. study on Russian S-400 systems

U.S. President-elect Joe Biden is expected to be tougher on Turkey than was Donald Trump, particularly over its foreign and defence policies, and domestic human rights record.

Published 12 Nov, 2020 03:37pm

Biden reassures U.S. allies in calls with leaders of Japan, South Korea, Australia

The three key Asian allies - Japanese Prime Minister Yoshihide Suga, South Korean President Moon Jae-in and Australian Prime Minister Scott Morrison - join other global leaders in recognizing the Democratic challenger’s Nov. 3 victory over incumbent Donald Trump, who has so far refused to concede.

Published 12 Nov, 2020 03:21pm

Long-term ally of UK PM Johnson resigns in sign of tension

Lee Cain has been a loyal ally of the prime minister, working for him since he was foreign minister until 2018 and staying by his side, sometimes without pay, when Johnson resigned over predecessor Theresa May’s Brexit plans.

Published 12 Nov, 2020 03:18pm

Currency

Hundreds of disillusioned doctors leave Lebanon, in blow to healthcare

In the past year, Lebanon has been through a popular uprising against its political leaders, the bankruptcy of the state and banking system, a COVID-19 pandemic and, in August, a huge explosion at the port that destroyed swathes of Beirut.

Published 12 Nov, 2020 02:48pm

Australia forming investigative agency to prosecute troops for war crimes in Afghanistan

The Australian government announced the formation of a new investigative agency to build criminal cases against special forces suspected of committing war crimes in Afghanistan.

Updated 12 Nov, 2020 02:52pm

USA

President-elect Biden appoints longtime adviser as Chief of Staff

President-elect Joe Biden named his longtime adviser Ron Klain as the White House Chief of Staff, as his first major appointment in building his administration; regardless of whether President Trump formally concedes.

Updated 12 Nov, 2020 01:27pm

Britain’s coronavirus deaths top 50,000

LONDON: More than 50,000 people who tested positive for coronavirus in Britain have now died, official figures ...

Updated 12 Nov, 2020 03:22am

Millions at risk as virus disrupts immunisation campaigns: UN

ABUJA: Millions of people, including in Africa’s most populous country Nigeria, risk contracting diseases such as...

Updated 12 Nov, 2020 03:21am

Erdogan woos investors with vow of painful reforms

Currency

Europe

Turkey bans smoking in public areas amid surge of COVID-19 patients

Daily coronavirus cases in Turkey have recently spiked, with 2,693 patients identified on Wednesday.

Published 12 Nov, 2020 12:34am

Europe

Russia says its Sputnik V COVID-19 vaccine is 92pc effective

The Russian Direct Investment Fund (RDIF), which has been backing Sputnik V's development, said the Russian trial would continue for six months.

Published 12 Nov, 2020 12:29am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 25	277.93
USD PKR Interbank Buying / Sep 25	277.78
USD to Japanese Yen / Sep 25	143.25
USD to Swiss Franc / Sep 25	0.84
Pound Sterling to USD / Sep 25	1.34
Euro to USD / Sep 25	1.12

Stock	Volume
S&P 500 / Sep 24	5,732.93
Nasdaq / Sep 24	18,074.52
Dow Jones / Sep 24	42,208.22
India Sensex / Sep 25	84,905.27
Tokyo Nikkei / Sep 25	38,010.43
Hang Seng / Sep 25	19,237.96
FTSE 100 / Sep 25	8,262.74
Germany DAX 30 / Sep 25	18,895.74

Item	Value
Crude Oil USD/Barrel / Sep 25	71.20
Karachi Cotton PKR/37.32 KG / Sep 25	18,435
Gold 10 Grams PKR / Sep 25	236,197
Gold Spot USD/Ounce / Sep 25	2,658.41
Cotton US¢/pound / Sep 25	73.91
Petrol/Litre / Sep 26	249.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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