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Monthly Archives: October 2020

Massive body blow to Portugal as Ronaldo tests positive for virus


October 14, 2020

m LISBON: Portugal and Juventus forward Cristiano Ronaldo has tested positive for coronavirus, the Portuguese football federation announced on Tuesday. Ronaldo “is asymptomatic” and “will not play against Sweden” in Wednesday’s Nations League match, the federation said on its website. Ronaldo, 35, who has won the Ballon d’Or five times, played in Portugal’s goalless Nations League draw against France in …

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EU wins tariff clearance on $4bn of US imports in Boeing case


October 14, 2020

BRUSSELS: The European Union on Tuesday won the right to impose tariffs on $4 billion of US goods in retaliation against subsidies for planemaker Boeing, deepening a record trade spat that has already prompted Washington to slap duties on EU imports. The World Trade Organization (WTO) tariff award, which confirms a decision first reported by Reuters on Sept 30, threatens to intensify …

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Stocks lose another 203 points on political noise


October 14, 2020

se KARACHI: Stocks stood battered for the second successive day as the KSE-100 index fell 203.14 points, or 0.51 per cent, to close at 40,006.68 on Tuesday. The uncertainty over the political scene kept investors away from the market. “As they say on Wall Street, uncertainty is worse than bad news for the market,” said a participant. Investors are happy …

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Cabinet okays ‘comprehensive plan’ to bring down prices


October 14, 2020

hibl ISLAMABAD: With just two days left before the opposition’s anti-government public gathering in Gujranwala, the federal cabinet on Tuesday approved a comprehensive plan to overcome price hike and shortage of food items. The meeting also approved a proposal for setting up of camp offices of the president and prime minister. “Today, for the first time it felt that steps being taken …

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IMF forecasts 1pc growth, rising unemployment


October 14, 2020

ISLAMABAD: The International Monetary Fund (IMF) on Tuesday forecast a subdued economic growth rate for Pakistan coupled with elevated rate of inflation and rising unemployment during the current fiscal year. In its World Economic Outlook (WEO) 2020, the IMF projected Pakistan’s growth rate at one per cent, average inflation rate at 8.8pc, current account deficit at 2.5pc of GDP (gross domestic …

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Rs1.856tr revenue stuck in litigation, FBR chief tells PAC


October 14, 2020

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday disclosed that more than Rs1.856 trillion revenue has been stuck for years due to litigation in various courts, resulting in difficult financial conditions for the country. “The appellant tribunals have been non-functional for two years,” said FBR Chairman Mohammad Javed Ghani while testifying before the Public Accounts Committee of parliament, adding …

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Apple unveils iPhone 12 with 5G, HomePod Mini smart speaker


October 14, 2020

Apple Inc on Tuesday launched the iPhone 12 with faster 5G connectivity, which the Cupertino, California company hopes will spur a wave of upgrades and keep its sales booming through the end of the year. Verizon Communications Inc CEO Hans Vestberg said the new iPhones would work with the carrier’s “ultrawideband” 5G network designed to alleviate bottlenecks in major cities …

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‘Two and a Half Men’ star Conchata Ferrell dies at 77 after cardiac arrest


October 14, 2020

Conchata Ferrell, who played the role of Berta in sitcom Two and a Half Men, passed away on Monday, aged 77. Ferrell suffered a cardiac arrest and died at Sherman Oaks Hospital in Los Angeles, confirmed publicist Cynthia Snyder. The actor had joined the cast of Two and a Half Men in 2003 and acted in the comic series for  more than a decade, …

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‘Ertugrul’ producer Mehmet Bozdag working on another historical series


October 14, 2020

The producer of the famous Turkish series ‘Dirilis: Ertugrul’ is working on a new historical TV series on Jalal al-Din Khwarazmshah, who led a struggle against the Mongol invasion. In conversation with a Turkish media outlet about his new show, he revealed: “It will create a great impact worldwide.” At a premiere of the series, Bozdag revealed that they started …

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‘Wonder Woman’ star Gal Gadot opens up about the project of her life


October 14, 2020

‘Wonder Woman’ star Gal Gadot – who feels ‘very connected’ to her kids –  opened up about her personal life and shared an untold story about her motherhood. The charming actress also admitted that she never thought she would ever join film industry as she was always encouraged to go to university and get a degree. The actress – who …

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