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News Headlines of 21 - 08 - 2017

PAKISTAN NEWS:

GOVT BREAKS THE BANK FOR MNAS’ UP LIFT SCHEMES:
Despite being beset on all sides by political challenges, the Pakistan Muslim League-Nawaz government has disbursed all the funds earmarked for parliamentarians’ development schemes for the fiscal year 2017-18. This is in stark contrast to less-than one per cent released for the rest of the country’s core development programme.


REMITTANCES:HEAVY RELIANCE ON GCC NATIONS IS IMPRUDENT:
The remittances’ market is undergoing a transformation as politico-economic conditions of host countries continue to change. Reliance on GCC nations (Saudi Arabia, UAE, Kuwait, Oman, Qatar and Bahrain) for attracting the bulk of remittances is not misplaced given the size and quality of Pakistani workforce employed there.

DECENTRALIZING THE POWER SECTOR:
As soon as he took over, the new prime minister has made major changes in various ministries and divisions. A key change is the setting up of a new Energy Ministry which will have two divisions — Power and Petroleum.

ACTION AGAINST PEOPLE SUSPECTED OF MONEY LAUNDERING DELAYED:
The Federal Board of Revenue (FBR) has delayed action for over a year against influential people who were accused by the State Bank’s Financial Monitoring Unit (FMU) of laundering money abroad. The number of accused is more than 330 — 80 per cent of them are business tycoons and 20pc influential politicians.


COMMERCE MINISTER RULES OUT MAJOR CHANGES BEFORE POLLS:
As Pakistan’s exports continue to fall for the fourth consecutive year, posting a decline of 12 per cent, the need for a fresh policy is now badly felt. The newly-appointed Commerce Minister, Pervaiz Malik, finds himself hamstrung by the daunting task of re-framing the policy.

 

FEARS FOR EIDUL AZHA ECONOMY CREEP IN AMID POLITICAL DRAMA:
Trading in sacrificial animals has begun amid political uncertainty in the country and dampened hopes for a substantial growth in business this year. Temporary markets set up for selling animals have started attracting large crowds of prospective buyers in Karachi and elsewhere in the country.

 

STOCKS DOWN 5PC IN TURBULENT WEEK ON PANIC-SELLING:
Politics took a heavy toll on the share market in the outgoing week as the KSE-100 index slid 4.9 per cent to close at 43,078 points. Unending political uproar affected the average daily turnover, which shrank 3.4pc from the preceding week to 184 million shares.

INTERNATIONAL NEWS:

US NAVY SHIP AND OIL TANKER COLLIDE NEAR SINGAPORE::
Ten sailors are missing and five have been injured after a US destroyer and an oil tanker collided off the coast of Singapore, the US Navy says. The guided missile destroyer USS John S McCain was sailing east of Singapore and preparing to stop in the port when the collision with the Liberian-flagged vessel occurred.

US-SOUTH KOREA SET FOR DIVISIVE MILITARY DRILLS:
The US and South Korea are conducting annual military drills which consistently infuriate Pyongyang, despite appeals to halt the exercise. Last week North Korea appeared to back down from a threat to send missiles towards the US Pacific island of Guam, but said it would watch US actions.

US TO REVIEW CHINA INTELLECTUAL PROPERTY POLICIES:
The US has formally launched an investigation into China's policies regarding intellectual property. The top US trade official, Robert Lighthizer, said his office had "determined that these critical issues merit a thorough investigation".


FTSE CHIEF EXECUTIVES’ MEDIAN PAY ‘DOWN ALMOST 20%’:
The median pay for chief executives of FTSE 100 companies has fallen by almost 20% over the past year, according to accountancy firm Deloitte. Median pay - a figure representing the pay rate half way between the lowest and highest paid executive - dropped from £4.3m in 2016 to £3.5m this year.


CRAWFORD FALCONER TAKES UP POST AS UK’S TOP TRADE NEGOTIATOR:
The man in charge of negotiating the UK's trade deals once Brexit is finalised, starts his job this week. Crawford Falconer will take up the post of chief trade negotiation adviser at the Department for International Trade.

PAKISTAN TECHNOLOGY NEWS:

MULTCLOUD REVIEW: SOLUTION TO TRANSFER AND MOVE FILES BETWEEN CLOUDS:
With the growing number of the free cloud drives services, you may have registered many clouds drives accounts at your hand. I know some webmasters have registered more than 10 cloud drives to backup their web data. It’s not easy to use those data, let alone to manage them. Just image to transfer data across cloud drives from the messy desktop notification, that’s terrible.

INTEL COFFEE LAKE-U 15W CPUS DETAILED- CORE 17-8650U, CORE I7-8550U PERFORMANCE AND SPECIFICATIONS UNVEILED IN MULTIPLE LEAKS:
Intel will be officially announcing their 8th Gen Coffee Lake processors today but there are multiple leaks before the announcement. While the desktop lineup has been caught up in rumors mill for a while we are now looking at notebook chips which will come under 15W TDP package.


GOOGLE ANDROID O RELEASES NEXT WEEK:
Android O (Oreo) or Android O is to be launched at an event in New York next week. Google has been teasing latest version of its Android OS since May. The company released developer previews for developers and fans to get feedback on new features and managed to fix them in beta. Android O will first debut on Nexus and Pixel devices and from thereon it will be on OEMs to roll it out for their devices.


THIS TINY $500 BOX CAN HACK MY IPHONE 7 & 7+ PASS CODE:
Apple fans think that their devices are protected and are unhackable the Cupertino tech giants keep appearing in security stories from time to time. The day before Yesterday a researcher was sharing decryption key of Apple’s secure Enclave processor.


REDDIT ROLLS OUT VIDEO SHARING PLATFORM, NOW LETS USERS UPLOAD VIDEOS DIRECTLY:
However, there were some features that users really wanted to see on the platform, one of those amazing features is Reddit’s direct video sharing functionality. Reddit had been paying attention to requirement and it started working on video hosting functionality since June. Today there native video hosting is finally launched on their website.

 

INTERNATIONAL TECHNOLOGY NEWS:

EXPERTS WARN OF ‘THIRD REVOLUTION IN WARFARE’:
More than 100 leading robotics experts are urging the United Nations to take action in order to prevent the development of "killer robots". In a letter to the organisation, artificial intelligence (AI) leaders, including billionaire Elon Musk, warn of "a third revolution in warfare".


HOW HACKERS ARE TARGETING THE SHIPPING INDUSTRY:
When staff at CyberKeel investigated email activity at a medium-sized shipping firm, they made a shocking discovery. "Someone had hacked into the systems of the company and planted a small virus," explains co-founder Lars Jensen. "They would then monitor all emails to and from people in the finance department."

AUSTRALIA BLOCKS ANOTHER 59 POPULAR PIRATE SITES:
Australia's federal court has ordered internet service providers (ISPs) to block dozens of popular pirate sites.The crackdown prevents users from accessing 59 illegal torrent and streaming sites including Demonoid, EZTV, YTS, RARBG, 1337x and Putlocker.


ANDROID CREATOR’S NEW PHONE IS GREAT, BUT IS IT ESSENTIAL?:
"Every now and then I’ll start a company because no-one is walking through my door and pitching it to me,” Andy Rubin tells the group of reporters invited in for “not your typical tech launch”. He says - and I agree with him - that people are bored with the "incremental updates" offered by Samsung and Apple, and instead want a smartphone that really reflects who they are.

 

GOOGLE AND UC BERKELEY TO CREATE MOVIE FROM ECLIPSE IMAGES:
Google and UC Berkeley are creating a movie from images of the solar eclipse. The images will also be used to study the Sun's outermost atmosphere. The "megamovie" will premiere after the eclipse hits the US.

 


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