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Daily Archives: 10:34 pm

Syria’s Assad praises troops, keeps out of public eye

President Bashar al-Assad told his troops on Wednesday that their battle against rebels would decide Syria’s fate, but his written message gave no clues to his whereabouts two weeks after a bomb attack hit his inner circle. In Aleppo, rebel fighters seized three police stations while fighting the army for control of a strategically important [...]

Euribor rates fall ahead of ECB meeting

Euro zone bank-to-bank lending rates hit all-time lows on Wednesday, weighed down by growing expectations the European Central Bank could cut interest rates after its chief pledged to do whatever it takes to preserve the euro. ECB President Mario Draghi’s comments last Thursday fanned expectations the bank could cut rates below the current record low [...]

India allows investments from Pakistan

India on Wednesday overturned its ban on foreign investment from Pakistan in a move designed to build goodwill amid a renewed push for a peace settlement between the nuclear-armed neighbours. “The government of India has reviewed the policy… and decided to permit a citizen of Pakistan or an entity incorporated in Pakistan to make investments [...]

Govt believes in trichotomy of power; President

President Asif Ali Zardari on Wednesday said the government firmly believed in trichotomy of power which was well defined in the Constitution of the country. Talking to a delegation of Executive Committee of Supreme Court Bar Association, here at the Aiwan-e-Sadr, he said it was imperative for strength and stability of the system, that every [...]

Pakistan to face Argentina in a key game today

Pakistan will take on Argentina with high hopes in their second Pool match of the London Olympics 2012 Men’s Field Hockey Tournament at Riverbank Arena, Olympic Sports Park today. This will be a key game for the green shirts if they want to remain on course in the competition. Pakistan held Spain to 1-1 draw [...]

Snoop Dogg is changing his name to ‘Snoop Lion’

Snoop Dogg says he was “born again” during a visit to Jamaica in January, is changing his name to Snoop Lion and is ready to make music that his “kids and grandparents can listen to.” The artist known for gangster rap is releasing a reggae album called “Reincarnated” in the fall. The West Coast rapper held a news conference in New York on Monday. [...]

Mild mental illness increases risk of premature death: Study

People with mild mental illnesses such as anxiety or depression are more likely to die early, say researchers. University College London and Edinburgh University team looked at the premature deaths from conditions such as heart disease and cancer of 68,000 people.The research suggested low level distress raised the risk by 16 percent, once lifestyle factors [...]

Ricky Gervais to launch Web series ‘Learn English’

Ricky Gervais wants to teach you English. The comedian announced Tuesday on his blog that he’s working on a Web series called “Learn English with Ricky Gervais.” It co-starsGervais’ frequent collaborator and foil Karl Pilkington. Though Gervais didn’t describe the series, it can be expected to be more comedic than educational. The comedian said he had finished the [...]

LCCI urges SBP to reduce interest rate to single digit

Fearing that the highest-ever rate of markup may put a reverse gear to all measures aimed at well being of economy, the Lahore Chamber of Commerce and Industry (LCCI) urged the State Bank of Pakistan to bring it to single digit in the upcoming monetary policy scheduled for August 10. LCCI President Irfan Qaiser Sheikh, [...]

China’s Huawei responds US hackers

Chinese communications giant Huawei Technologies on Wednesday responded to US hackers’ claims that its routers were easily cracked, saying its security strategies were rigorous. The annual Def Con hackers’ convention in Las Vegas on the weekend was shown how to slip into networks through some Huawei routers, which Recurity Labs chief Felix ”FX” Lindner described as a “gift” to the [...]

Farooq Awan appointed new PTA Chairman

The government on Tuesday appointed Farooq Ahmed Awan Secretary IT as new Chairman Pakistan Telecommunication Authority (PTA), it is learnt. Dr Mohammad Yaseen had vacated the PTA Chairmanship slot on July 23, after completing his four-year service term. Telecom Act allows government to appoint three members of regulatory authority. According to section 3.2 of Telecom [...]

Google delays launch of “Nexus Q” device

Google Inc is postponing the launch of the Nexus Q, the Internet giant’s first self-designed and marketed consumer electronics device, in a smudge on its budding hardware credentials. The company announced the indefinite delay of the orb-shaped media player device in an email on Tuesday to customers who had pre-ordered the made-in-America gadget, saying it wanted to [...]

Balochistan spending: Government unaware how its Rs170bn were spent

Federal government remains unaware how its recently allocated Rs170 billion to Balochistan were utilized. Briefing the federal cabinet on July 25 this year on Balochistan issues, the Minister for Law and Justice said that although a Commission on missing persons had been formed under the orders of the former Prime Minister and various committees had [...]

Facebook stock hits another low after second quarter earnings

According to sources, the stock has been falling since Facebook released its quarterly earnings on Thursday for the first time as a public company. Investors were disappointed despite second-quarter results meeting Wall Street expectations, with revenue one-third higher than last year. The stock lost $1.44, or 6.2 percent, to close Tuesday at $21.71. It is 43 percent below [...]

PM likely to visit Pakistan Steel Mill this month

Prime Minister Raja Pervez Ashraf is likely to visit Pakistan Steel Mills (PSM) in the next couple of weeks to formally announce bailout package for revival of mill and relief for employees. Sources said Prime Minister has assured Maj. General Muhammad Javed (retd) Chief Executive Office (CEO) PSM and Shamshad Qureshi Chairman CBA that he [...]

 
 
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