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News Headlines of 20 - 07 - 2017

PAKISTAN NEWS:

CURRENT ACCOUNT DEFICIT TOUCHES RECORD $12.1BN:
The current account deficit widened by 148.5 per cent to an all-time high of $12.09 billion for 2016-17, the State Bank of Pakistan (SBP) reported.


JUNE POWER TARIFF MAY BE CUT BY RS2.13:
The electricity tariff is expected to come down by Rs2.13 per unit for all distribution companies, except K-Electric, for a month due to lower fuel costs in June.

CURRENCY DEALERS ASKED TO REDUCE DOLLAR PRICE:
The State Bank of Pakistan (SBP) has assured currency dealers that the exchange rate will remain stable at the current level in the interbank market and urged them to bring it down in the open market to not more than one per cent above the interbank rate.

SENAT BODY EXPRESSES CONCERN OVER SURGING NATIONAL DEBT:
The Senate Standing Committee on Finance on Wednesday expressed concern over growing external and domestic debts of the country and demanded the Ministry of Finance to present a strategy for loan repayment.


KSE-100 INDEX PARES GAINS, SHEDS 218 POINTS:
The Pakistan Stock Exchange (PSX) on Wednesday landed in the red, with the benchmark KSE-100 Index losing 218 points, or 0.48 per cent, to close at 45,418.


CNG-FITTED MEHRAN BOWS OUT:
Pak Suzuki Motor Company Ltd has discontinued the booking of CNG-fitted Mehran variants from July 10, according to a letter that the company recently sent to its dealers.

INTERNATIONAL NEWS:

DONALD TRUMP’S SON AND AIDES TO TESTIFY IN SENATE ABOUT RUSSIA:
US President Donald Trump's eldest son, his son-in-law and his former campaign manager are to testify before Senate committees investigating alleged Russian meddling in the 2016 election. Donald Trump Jr, Jared Kushner and Paul Manafort are suspected of having links with Russian officials.

ROCK FIND ‘REWRITES’ AUSTRALIAN HUMAN HISTORY:
Archaeologists have found the first evidence to suggest that Aboriginal people have been in Australia for at least 65,000 years. The discovery indicates their arrival on the continent was up to 18,000 years earlier than previously thought.

CENSORED BY CHINA, SUPPORTERS TAKE TO SOCIAL MEDIA:
A social media movement - styled as a "global memorial" - has been launched to mourn and commemorate the loss of Nobel Peace Prize laureate and Chinese democracy activist Liu Xiaobo. Chinese mahjong lovers take to the river to beat the heat.


US AND CHINA EMERGE FROM TRADE TALKS WITHOUT AGREEMENT:
The US and China have wrapped up contentious trade talks in Washington without agreement. The two sides did not issue a joint statement or action plan after the meeting and cancelled scheduled press conferences.


SPAIN’S ‘SECRET CREDIT CARD BANKER’ BLESA FOUND SHOT DEAD:
A leading banker has been found shot in the chest, six months after he was given a jail term for a corruption scandal that stunned Spain. Miguel Blesa, 69, is thought to have shot himself at a country estate in the southern province of Córdoba.


VERTICAL FARM START-UP PLENTY RAISES $200M:
Plenty, a San Francisco vertical farming start-up, has raised $200m (£154m) from big-name investors that include Japanese media giant SoftBank, Alphabet's Eric Schmidt and Amazon boss Jeff Bezos.


PAKISTAN TECHNOLOGY NEWS:

KARANDAAZ PAKISTAN SIGNS GRANT AGREEMENTS WITH 4 ‘FINTECH DISRUPT CHALLENGE’ WINNERS:
Karandaaz Pakistan, has signed grant agreements with four winners of the ‘FinTech Disrupt Challenge’ 2017. Aimed at hunting for extraordinary startup ideas worthy of creating substantial social impact, the second chapter of FDC solicited innovative responses to bottlenecks in Pakistan’s financial services sector.


THE NEW NOKIA 105 AND NOKIA 130 DELIVER EVEN BETTER VALUE WITH GREAT QUALITY DESIGNS:
HMD Global, the home of Nokia phones, today announced the dual release of both the Nokia 105 and Nokia 130. Featuring refreshed, ergonomic designs, both phones come packed with fantastic features,effortlessly combining reliability and excellent value and durability.


JAZZ INTRODUCES LEVER, WORLD CLASS TALENT ACQUISITION SYSTEM:
Jazz, Pakistan’s number one Telco announced today that it is adopting a sophisticated world class digital talent acquisition platform called Lever. This system aims to improve a prospective candidate’s application experience through automation and transparency.

 

TELENOR REPORTS STRONG RESULTS AND SOLID CASH FLOW IN SECOND QUARTER 2017:
“We deliver a strong set of results for the second quarter with improved revenue growth, double-digit EBITDA uplift and strong cash flow generation. Both the EBITDA and the EBITDA margin are all-time high this quarter. We were able to reduce our costs by NOK 0.6 billion and we saw margin expansion in all our business units.

 

HALEEB TRANSFORMS ITS BRAND IDENTITY, UNVEILS NEW CORPORATE WEBSITE:
Haleeb Foods, Pakistan’s dairy pioneer, today launched its new brand identity supported with a revamped corporate website. Having a contemporary design, the new clean interface www.haleebfoods.com encompasses a handful of dynamic functions which are aimed at enhancing the online consumer experience.

 

INTERNATIONAL TECHNOLOGY NEWS:

GOOGLE TO ADD’ NEWS FEED’ TO WEBSITE AND APP:
Google is adding a personalised Facebook-style news feed to its homepage - Google.com -to show users content they may be interested in before they search. It will display news stories, features, videos and music chosen on the basis of previous searches by the same user.


INSTAGRAM TOPS CUBER-BULLYING STUDY:
Research from anti-bullying charity Ditch the Label suggests social media is making youngsters more anxious. Forty per cent said they felt bad if nobody liked their selfies and 35% said their confidence was directly linked to the number of followers they had.

TSB TO ROLL OUT IRIS SCANNING TECH:
Imagine logging onto your bank account just by glancing at your phone. That's what some TSB customers will be able to do from September when the bank introduces iris recognition to its mobile banking app.


GOOGLE GLASS SMART EYE WEAR RETURNS:
Google is to sell a revamped version of its smart glasses to businesses, more than two years after the original version of the product was cancelled. The company said Glass Enterprise Edition had improved battery life and felt more comfortable during long-term wear than before.


IS WHATSAPP BEING CENSORED IN CHINA?:
Users of the encrypted messaging service WhatsApp have reported disruptions in China, prompting censorship claims. Many reported that voice messaging and pictures wouldn't send without a virtual private network (VPN) to circumvent China's censorship filters.


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