Samsung to shut mobile phone plant in China’s Tianjin

Samsung to shut mobile phone plant in China’s Tianjin

SEOUL (Reuters) – Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world’s biggest smartphone market slumps amid rising competition from lower-cost local rivals.The South Korean company has seen its share of the Chinese market shrink to 1 percent in the […]

Structural reforms will put national economy on right path: Khusro

Structural reforms will put national economy on right path: Khusro

(Web Desk) – Minister for Planning and Development, Makhdum Khusro Bakhtyar says quantum of consumption in Pakistan is at ninety three percent of GDP, the highest among the emerging economies.He was addressing the inaugural session of a three-day 34th Annual General Meeting and Conference of Pakistan Society of Development Economists that began in Islamabad.The Planning […]

Pentagon cautions Turkey over new operation against Syria Kurds

Pentagon cautions Turkey over new operation against Syria Kurds

ANKARA (AFP) – Any unilateral military action in northern Syria would be “unacceptable”, the Pentagon said Wednesday after Turkey announced it would launch an operation against a US-backed Kurdish militia.The warning came after President Recep Tayyip Erdogan said Turkey would soon begin a mission targeting the Kurdish People s Protection Units (YPG), which Ankara considers a […]

Race to broker truce as Yemen talks enter final hours

Race to broker truce as Yemen talks enter final hours

RIMBO (AFP) – With just hours left before the close of negotiations, UN mediators rushed to broker a truce Wednesday between government representatives and rebels in Yemen, a country teetering on the brink of famine.The UN talks opened last week in Sweden, the first meeting in two years between Yemen s Huthi rebels and the government […]

Govt won’t become hurdle in path to accountability: Fawad Chaudhry

Govt won’t become hurdle in path to accountability: Fawad Chaudhry

ISLAMABAD (Dunya News) – Federal Information Minister Fawad Chaudhry on Wednesday said that the government won’t interfere in National Accountability Bureau (NAB) investigations.While speaking to the National Assembly session Federal Minister said that opposition is making noise because they do not want accountability but government has no intentions to interfere in accountability process.During the NA […]

British-Pakistani Sajid Javid among top contenders for UK PM spot

British-Pakistani Sajid Javid among top contenders for UK PM spot

LONDON: With British Prime Minister Theresa May badly weakened by her decision to delay a key Brexit vote she would have lost, potential leadership contenders for the Conservative Party are waiting to pounce.If she falls, any Conservative MP elected by the party as leader would automatically become prime minister. Here are the main names mooted […]

USAID, WAPDA sign $78m deal for Mangla refurbishment

USAID, WAPDA sign $78m deal for Mangla refurbishment

LAHORE: Water and Power Development Authority (Wapda) and the United States Agency for International Development (USAID) signed project implementation letter – 2 (PIL) worth $78 million for Mangla refurbishment project. The USAID grant will be spent for undertaking various works of Package V, VI, VIII and IX of the project.The PIL-1 of $72 million for Mangla […]

SBP asks Islamic banks to help execute housing plan

SBP asks Islamic banks to help execute housing plan

KARACHI: The State Bank of Pakistan (SBP) has suggested to the growing Islamic banking industry to partner with the Pakistan Tehreek-e-Insaf (PTI) government in executing its plan of constructing five million low-cost housing units at an estimated cost of Rs15-17 trillion.It would help the industry address the critical challenge of finding Shariah-compliant products for investing excess […]

PM orders probe against SNGPL, SSGCL heads

PM orders probe against SNGPL, SSGCL heads

ISLAMABAD:Prime Minister Imran Khan has ordered initiation of an immediate inquiry against heads of Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited (SSGCL) for their failure to meet the demands of consumers and sought complete report within 72 hours.While chairing a high level meeting held on Wednesday to discuss the gas crisis […]

Arctic’s record warming driving ‘broad change’ in environment: study

Arctic’s record warming driving ‘broad change’ in environment: study

(AFP) – Global warming is heating the Arctic at a record pace, driving broad environmental changes across the planet, including extreme storms in the mid-latitudes, a major US scientific report said Tuesday.Persistent heat records have rattled the fragile Arctic for each of the past five years, a record-long warming streak, said the 2018 Arctic Report […]

‘Bohemian Rhapsody’ now most-streamed 20th century song

‘Bohemian Rhapsody’ now most-streamed 20th century song

(Reuters) – They said it would never sell, with its six-minute playing time, operatic passages and lyrics about Galileo and Scaramouche, but the Queen song “Bohemian Rhapsody” on Monday became the most streamed song from the 20th century.Boosted by the new movie “Bohemian Rhapsody,” the 1975 single and music video surpassed 1.6 billion streams globally, […]

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