Print - Business Recorder

Print - 2024-05-17

World Print: May 17, 2024

Israel to hit back at ‘genocide’ claims at UN top court

THE HAGUE: Israel will on Friday hit back in the United Nations’ top court at allegations from South Africa that it...

World Print: May 17, 2024

IEA warns of key energy mineral shortage risk

PARIS: The sharp drop in prices for minerals critical to the green energy transition is masking a looming shortage...

World Print: May 17, 2024

Ukrainian drone killed mother and child, Russia says

MOSCOW: A Ukrainian drone struck a family driving near the border in Russia’s Belgorod region on Friday, killing a...

Pakistan Print: May 17, 2024

PBC calls for the removal of 1% CVT on foreign assets

The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has called for the...

Technology Print: May 17, 2024

Reddit gives OpenAI access to its wealth of posts

SAN FRANCISCO: OpenAI will have access to Reddit data for training its artificial intelligence models and will put...

Sports Print: May 17, 2024

FIFA chooses Brazil to host 2027 Women’s World Cup

BANGKOK: Brazil on Friday won the right to host the 2027 Women’s World Cup, beating a joint...

Technology Print: May 17, 2024

Google seeks non-jury trial in US ad tech lawsuit, filing says

WASHINGTON: Alphabet’s Google in a court filing on Thursday is seeking a non-jury trial in the US Justice...

Sports Print: May 17, 2024

Dazzling eagle gets Scheffler on right track at PGA Championship

Scottie Scheffler sent the crowd into a frenzy as he holed out for an eagle to start his PGA Championship campaign...

Markets Print: May 17, 2024

Asian stocks ease on uncertainty over timing of US rate cuts

SINGAPORE: Asian stocks inched lower on Friday as traders pondered the near term US monetary policy path after...

Markets Print: May 17, 2024

JGB yields track US peers higher; BOJ refrains from further purchase cuts

TOKYO: Japanese government bond yields rose on Friday, tracking an overnight advance in US yields, even as the Bank...

Markets Print: May 17, 2024

Intra-day update: rupee registers some gain against US dollar

Currency hovers at 278-279 level in inter-bank market

Markets Print: May 17, 2024

Indian rupee to focus on recovery in dollar index, flows

MUMBAI: The Indian rupee is expected to hold a narrow range on Friday on a recovery in the dollar index post the US...

Markets Print: May 17, 2024

Palm oil tracks Dalian futures higher, set for weekly gain

JAKARTA: Malaysian palm oil futures opened higher on Friday, and were poised for a weekly gain, as traders tracked...

World Print: May 17, 2024

Vladimir Putin to push growing Moscow-Beijing trade in China’s northeast

BEIJING: After sealing pledges of a “new era” of strategic partnership with China’s Xi Jinping, Russian President...

Markets Print: May 17, 2024

China April aluminium output grows as prices rise

BEIJING: China’s primary aluminium production in April rose 7.2% from a year earlier, official data showed on...

Markets Print: May 17, 2024

Wheat rises on Russian crop woes, but US production outlook limits gains

SINGAPORE: Chicago wheat rose on Friday, after climbing earlier this week to a nearly 10-month high, with concerns...

Markets Print: May 17, 2024

China’s yuan weakens as dollar rebounds, disappointing data weighs

HONG KONG: China’s yuan eased on Friday as the US dollar rebounded and a flurry of domestic data pointed to weaker...

Markets Print: May 17, 2024

Indian bond yields flattish as traders eye debt supply

MUMBAI: Indian government bond yields were largely unchanged in the early session on Friday as market participants...

Sports Print: May 17, 2024

Pain-free Sabalenka keeps close eye on back injury before French Open

World number two Aryna Sabalenka said she is playing without pain following a lower back injury in Rome but will not...

Markets Print: May 17, 2024

China stock edge down as property, consumer data disappoints; HK higher

HONG KONG: China stocks struggled for direction on Friday and inched lower by midday as a slew of domestic data...

Markets Print: May 17, 2024

Iron ore heads for weekly gain on China’s property stimulus efforts

BEIJING: Iron ore futures extended gains on Friday and were on track for a weekly gain, supported by resilient...

Markets Print: May 17, 2024

Gold prices set for second weekly gain on Fed rate-cut optimism

Gold prices appeared set for a second consecutive weekly gain on Friday, after recent US inflation data fuelled...

Markets Print: May 17, 2024

Japan’s Nikkei skids on Wall Street weakness and BOJ policy uncertainty

TOKYO: Japan’s Nikkei share average retreated on Friday, tracking Wall Street’s weak finish overnight, with...

Markets Print: May 17, 2024

Australia, NZ dollars fight to hold new range, China data a drag

SYDNEY: The Australian and New Zealand dollars were looking to lock into a new higher trading range on Friday after...

Markets Print: May 17, 2024

Australia shares retreat as banks, technology, healthcare stocks drag

Australian shares slipped on Friday, tracking overnight fall in Wall Street and snapping a two-day winning streak,...

Markets Print: May 17, 2024

Indian shares to open muted as global stocks rally loses steam

BENGALURU: Indian shares are set for a muted start on Friday, after logging their best day in over two weeks in the...

Markets Print: May 17, 2024

Dollar set for weekly drop on US slowdown signs

SINGAPORE: The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs...

Markets Print: May 17, 2024

Oil set for weekly gain on signs of improving demand

Oil prices gained on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs...

BR Research Print: May 17, 2024

LSM: Revival will be painfully slow

For the fourth month running, LSM reading recorded a positive year-on-year growth, as March 2024 LSM grew 2 percent...

BR Research Print: May 17, 2024

Meat exports: tiny earnings, and even tinier players

According to UN Comtrade database, Pakistan’s share in the global meat trade stands at just 0.2 percent. At just...

BR Research Print: May 17, 2024

Interview with Zain Ibrahim, Regional Director - Middle East, Africa, South Asia for the Society of Actuaries (SOA)

‘SOA paves the way for Pakistani actuaries to play a leading role in the nation’s economic growth’ Zain Ibrahim,...

World Print: May 17, 2024

15 EU states push to send asylum seekers to third countries

BRUSSELS (Belgium): Fifteen EU states want “new ways” to handle irregular migrants, including sending some to...

World Print: May 17, 2024

Xi, Putin hail ties as ‘stabilising’ force in chaotic world

BEIJING: Leaders Xi Jinping and Vladimir Putin framed their nations’ ties as a stabilising force in a chaotic ...

World Print: May 17, 2024

AL calls for UN peacekeepers in Palestinian territories

MANAMA: The Arab League on Thursday called for a UN peacekeeping force in the Palestinian territories and an...

World Print: May 17, 2024

Geopolitical tensions threaten eurozone stability: ECB

FRANKFURT, (Germany): Geopolitical tensions and policy uncertainty in a year featuring many elections worldwide...

World Print: May 17, 2024

US should keep open trade, work with China: IMF

WASHINGTON: The US would be better served by maintaining its open trade system rather than imposing new punitive...

Pakistan Print: May 17, 2024

The Weather

KARACHI: The weather report on Thursday (May 16, 2024) and the forecast for Friday (May 17, 2024)...

Pakistan Print: May 17, 2024

SC takes suo motu on Vawda’s press conference

ISLAMABAD: The Supreme Court on Thursday took suo motu on the press conference of Senator Faisal Vawda in which he...

Pakistan Print: May 17, 2024

Court reserves verdict on IK’s acquittal plea in two cases

ISLAMABAD: A local court on Thursday reserved its verdict on the acquittal plea of Pakistan Tehreek-e-Insaf (PTI)...

Pakistan Print: May 17, 2024

Court seeks arguments on IK, Bushra’s bail pleas on 20th

ISLAMABAD: The court on Thursday sought arguments on Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan’s bail plea...

Pakistan Print: May 17, 2024

Chaos in NA after ‘foul language’ used against a woman MP

ISLAMABAD: The lower house of parliament witnessed chaos and exchange of verbal insults on Thursday after Tariq...

Pakistan Print: May 17, 2024

Orange Line, Green Line systems merged: Sharjeel inaugurates ‘Orange Line Extension’ in Orangi Town

KARACHI: The Orange Line Extension, integrating the Orange Line and Green Line BRT systems, has been inaugurated by...

Pakistan Print: May 17, 2024

JAC concerned at Punjab defamation bill, digital media authority

KARACHI: The Joint Action Committee (JAC) expressed serious concern over the proposed Punjab Defamation Bill 2024 in...

Pakistan Print: May 17, 2024

Industries, CNG stations: SSGC announces 24hr gas holiday in Sindh

KARACHI: Sui Southern Gas Company (SSGC) has announced 24-hours gas holiday for all industries including their power...

Pakistan Print: May 17, 2024

27 electric buses to be in operation in Lahore by end-year: minister

LAHORE: The government announced in the Punjab Assembly that electric and hybrid buses would be operated in Lahore...

Pakistan Print: May 17, 2024

‘Maryam Ki Dastak’: Punjab govt launches registration of ‘facilitators’

LAHORE: To provide a range of public services directly at the people’s doorsteps, the Punjab government launched...

Pakistan Print: May 17, 2024

JI chief slams Punjab govt’s ‘package’ for farmers

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has criticized the Punjab government’s farmer package as...

Pakistan Print: May 17, 2024

Rural health unit in Phoolnagar opened: Corruption in wheat procurement process brought to an end: CM

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Thursday that there is no wheat crisis in the province and...

Pakistan Print: May 17, 2024

Minister announces interest-free loans for farmers

LAHORE: To support farmers and families of deceased employees, Punjab Finance Minister Mujtaba Shuja-ur-Rehman has...

Pakistan Print: May 17, 2024

Abuse of dominant position: IHC allows CCP to proceed with probe against firm

ISLAMABAD: The Islamabad High Court has allowed the Competition Commission of Pakistan (CCP) to proceed with its...

Pakistan Print: May 17, 2024

JI opposes idea of fresh polls

KARACHI: Jamaat-e-Islami (JI) Pakistan Amir Engr Hafiz Naeemur Rehman, on Thursday, dismissed demands for fresh...

Pakistan Print: May 17, 2024

People involved in enforced disappearances: Justice Kayani says there should be legislation to award death penalty

ISLAMABAD: Justice Mohsin Akhtar Kayani, a judge of Islamabad High Court (IHC), Thursday, said that there should be...

Pakistan Print: May 17, 2024

Pakistan, UK commit to arms control, disarmament & non-proliferation

ISLAMABAD: Pakistan and the United Kingdom have expressed their commitment to further enhance coordination on...

Pakistan Print: May 17, 2024

Petition against Dar as Deputy PM dismissed

LAHORE: The Lahore High Court on Thursday dismissed a petition against Foreign Minister Ishaq Dar for his...

Technology Print: May 17, 2024

PTA announces 6GHz for unlicensed RLAN operations

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) announced 6 Gigahertz (GHz) spectrum band for unlicensed...

Pakistan Print: May 17, 2024

Sindh, Unicef agree to launch child protection plan

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Unicef Country Representative Abdullah A Fadil in their ...

Pakistan Print: May 17, 2024

SSGC’s operation against gas theft continues

KARACHI: SSGC’s relentless pursuit of gas theft miscreants is gaining momentum as more than 235 illegal ...

Pakistan Print: May 17, 2024

Governor says Karachi no longer ‘economic hub’ of country

KARACHI: Governor Sindh Kamran Khan Tessori has said that the megacity has lost its status of being Pakistan’s...

Pakistan Print: May 17, 2024

Third-party validation report of federal Sehat Sahulat Programme launched

ISLAMABAD: The Prime Minister’s Coordinator on National Health Services and Regulations, Dr Mukhtar Ahmad Bharath,...

Pakistan Print: May 17, 2024

Within premises of courtroom: IHC bars entry of intel agencies operatives

ISLAMABAD: The Islamabad High Court (IHC), Thursday, barred the entry of operatives of intelligence agencies within...

Pakistan Print: May 17, 2024

NAO amendments case: Hearing adjourned without allowing IK to speak

ISLAMABAD: The Supreme Court adjourned the hearing of amendments in the National Accountability Ordinance (NAO) for...

Technology Print: May 17, 2024

Rs63bn taxes/duties collected: DIRBS registers all GSMA-valid mobile devices

ISLAMABAD: The Device Identification Registration and Blocking System (DIRBS) registered all GSMA-valid mobile...