LONDON: The coronavirus pandemic could cost Europe’s 20 highest-earning football clubs over two billion euros ($2.4 billion, 1.4 billion), according to forecasts from financial experts Deloitte. Deloitte’s latest Football Money League report shows that revenues of the top 20 clubs analysed fell by 1.1 billion euros in the 2019-20 season due to closed stadiums and television rebates. Some of that …

KARACHI: Northern and Central Punjab sealed the remaining two semi-final berths in the Pakistan Cup after winning their respective last-round fixtures on Tuesday, while former international Imran Farhat brought down curtains on his 24-year professional career with a century. With Sindh and Khyber Pakhtunkhwa having already qualified for the knockout phase of the 50-over competition, the main interest in the …

MELBOURNE: Rafael Nadal has taken an apparent swipe at Novak Djokovic over his requests for quarantined players preparing for the Australian Open, saying not everyone felt the need to “advertise” how they were trying to help. The Serbian world number one issued a list of suggestions to Tennis Australia last week on behalf of 72 players unable to leave their …

A Cricket Australia (CA) probe on Wednesday concluded Indian players were racially abused during the third Test at the Sydney Cricket Ground, but cleared six people who were kicked out of the stadium. Cricket chiefs and New South Wales police launched investigations after fast bowlers Mohammed Siraj and Jasprit Bumrah complained about being targeted while they fielded by the boundary ropes on …

Fawad Alam scored his first Test century at home on Wednesday as Pakistan extended its lead against South Africa in the final session on the second day of the opening Test in Karachi. Since the tea break, Alam and Faheem Ashraf (40 not out) have occupied the crease, adding 83 runs and taking Pakistan to 261 for the loss of …

ISLAMABAD: The country’s fiscal deficit widened to 1.8 per cent, or Rs822 billion, of GDP in the first five months of FY21 compared to 1.6pc (Rs676bn) in the corresponding period last year. The Ministry of Finance in its monthly economic update and outlook, released on Tuesday, observed that the current outlook ensures economic revival on the basis of continued recovery …

ISLAMABAD: As the opposition smelled a rat in the closure of a PIA-owned luxury hotel in New York, the government on Tuesday told the Senate there was no plan to privatise Roosevelt Hotel. The opposition said it appeared that the government was preparing ground to sell out the 19-storey hotel at a throw-away price. PPP Senator Raza Rabbani alleged that …

KARACHI: Repatriation of profits was 26 per cent higher than the inflow of foreign investment during the first half of the current fiscal year. The State Bank of Pakistan (SBP) reported on Tuesday that the total outflow of profits and dividends was $892 million while the total foreign investment was $708m during the July-December period of 2020-21. Moreover, the profits …

ISLAMABAD: The current status and progress as well as probable timeline for the completion of the transaction of Pakistan Steel Mills were discussed at a high-level meeting chaired jointly by the ministers for privatisation and industries and production on Tuesday. The valuation of core assets to be transferred to a new subsidiary is under way and will likely be completed …

Selena Gomez left onlookers in awe with her unexpected adventure during her latest outing in New York City on Monday, showing off her  natural  beauty in a turtleneck top. The music sensation  delighted fans with her chic appearance as she took a break from shooting and stepped out for shopping  with a friend. The 28-year-old   was looking extra-glamours in a …