UK to Drop Retaliatory EU Tariffs on US Goods

London, Dec 9 (AFP/APP): Britain said Wednesday it will drop EU tariffs on US goods adopted as part of a long-running dispute over subsidies for aircraft manufacturers Airbus and Boeing, just as London hopes to secure a post-Brexit trade agreement with Washington. President Donald Trump last year imposed 25 percent tariffs on wine, cheese, olives and other European delicacies in a battle over subsidies to planemaker Airbus.

Pakistan Rejects US Designation on Religious Freedom

Pakistan rejects the U.S. State Department’s arbitrary and selective assessment under a U.S. domestic legislation on religious freedom. The designation of Pakistan as a “country of particular concern” is completely against the realities on the ground and raises serious doubts about the credibility of the exercise. Such subjective designations do not contribute towards promoting the cause of religious freedom worldwide.

JPMorgan Chase Urges Biden Team to Enact More Stimulus

New York, Dec 7 (AFP/APP): JPMorgan Chase is urging the incoming Biden administration to support additional aid to people left jobless by the Covid-19 pandemic as a way to address income inequality, a banking source said Monday. In a list of recommendations to the President-elect's team, the giant US bank said the coronavirus pandemic was "straining... families' economic mobility and restricting the US economy,".

Cybercrime Costs to Top $1 trillion This Year: Researchers

Washington, Dec 7 (AFP/APP): Cybercrime is expected to cost the global economy more than $1 trillion this year, up more than 50 percent since 2018, a research report said Monday. The report by McAfee Corp. with the Center for Strategic and International Studies (CSIS) concluded that the cost of online criminal activity is more than one percent of global economic output, and also had significant non-monetary impacts.

Falling US Jobless Claims Bright Spot in Troubled Labour Market

Washington, Dec 3 (AFP/APP): A drop in new applications for US unemployment benefits offered small comfort to millions of Americans who will see pandemic aid expire without an agreement on a new relief program. With weeks before Joe Biden takes office, Republicans and Democrats remain at odds over what should be included in a new spending package to help businesses and families struggling from the pandemic.

US Shortens COVID Quarantine Advice from 14 days to ‘Easier’ 10

Washington, Dec 2 (AFP/APP): US health officials on Wednesday recommended a shortened quarantine period for people exposed to Covid-19, from 14 to 10 days if they haven't taken a test and have not developed symptoms. This can be further reduced to just seven days if the exposed person receives a negative test, Centers for Disease Control and Prevention (CDC) scientist Henry Walke said.

US Stocks Retreat from Records after Lacklustre Jobs Data

New York, Dec 2 (AFP/APP): Wall Street stocks pulled back from records early Wednesday following lackluster US jobs data, despite the first approval of a Covid-19 vaccine by a western country. Britain cleared the Pfizer-BioNTech vaccine beginning next week, a major step in efforts to move the global economy beyond the coronavirus pandemic.

Fiumicino becomes first airport to allow passengers from the US to skip quarantine

Fiumicino will be the first airport in Europe to activate “Covid-tested” safe air corridors, on flights coming from the United Statest (US), excluding quarantine for passengers, thanks to Aeroporti di Roma’s (ADR) cooperation with Alitalia and Delta Air Lines. Since the beginning of the pandemic, Italy has been at the forefront of measures and protocols for containing the virus

There is Evidence of Victory, We Need a Good Judge: Trump

Washington: President Donald Trump said there is enough evidence to win the elections and now we only need a good judge to hear the arguments. According to the details, Trumo spoke by telephone during a public hearing in Pennsylvania. “Despite the recent election results, the US president is not ready to accept his possible defeat. He still looks like he will run for office again.”

Yellen’s Appointment ‘Good News for World Economy’: ECB Vice-President

Frankfurt am Main, Nov 25 (AFP/APP): The prospect of former Federal Reserve boss Janet Yellen becoming the next US Treasury Secretary is "good news for the US and the world economy", ECB vice president Luis de Guindos said Wednesday. Yellen, who would be the first woman in the job, would face the daunting task of steering the world's largest economy through the COVID19 crisis

Sen Rehman Malik writes to Joe Biden to address world peace

Islamabad, 23rd November: Chairman Senate Standing Committee on Home Affairs Senator Rehman Malik has written to newly elected US President Joe Biden. Baaghi TV: In his letter, Senator Rehman Malik congratulates Joe Biden on his election as the US President. He writes that you will play a key role in world peace, Pakistan-US friendship spans decades and Pakistan has always stood by the United States.

US Senators Oppose Sale of F-35 Jets to UAE

WASHINGTON: Three US senators have launched a campaign to block the sale of top-of-the-line F-35 jets to the UAE, raising concerns over the deal, which is seen as a gift for UAE’s recognition of Israel. According to media reports, even if the three persuade a majority in Congress to oppose the $23 billion package, they will face the veto power of US President Donald Trump.

Dollar On The Rise Once Again?

19th November 2020: The dollar fell in the interbank market this morning. However, this did not last long and the value of the dollar began to soar again. It should be noted that in April 2019, the dollar took a big leap to Rs. 141.50. May saw a historic rise in its price to Rs. 151. It broke all records in June, reaching an all-time high of Rs. 164.

Pompeo Affirms Support for Georgia as Russian Clout Grows

Tbilisi, Nov 18 (AFP/APP): US Secretary of State Mike Pompeo on Wednesday sought to reassure Georgia of Washington's commitment to strengthening ties during a visit to the region where Russia is asserting its influence. Pompeo's meetings with leaders of Georgia came a week after Moscow brokered a peace deal between neighbours Azerbaijan and Armenia that sees 2,000 Russian peacekeepers stationed in the disputed Nagorno-Karabakh region.

‘He Won Because…’ Trump Edges Toward Accepting Biden Victory

Washington, Nov 15 (AFP/APP): President Donald Trump appeared to edge closer towards acknowledging his election defeat in a tweet on Sunday morning, as he again railed against supposed mass fraud in the vote won by challenger Joe Biden. "He won because the Election was Rigged. NO VOTE WATCHERS OR OBSERVERS allowed, vote tabulated by a Radical Left privately owned company," Trump tweeted.

Biden May ‘Change Course’ on Iran, But Obstacles Abound

Tehran, Nov 9 (AFP/APP): Joe Biden has promised a change in US policy on Iran, but the president-elect's room for manoeuvre with the Islamic republic is narrow, and time is running out. While outgoing US President Donald Trump has declared Tehran his arch-foe and sought to isolate it globally, Biden has suggested he would offer it a "credible path back to diplomacy".  

Biden Victory Pushes Korean Currency to 22 Month High

SEOUL, Nov 9 (Yonhap/APP): South Korea's won currency surged to a 22-month high against the US dollar on Monday, after the election of Joe Biden as the next US president. The won was quoted at 1,113.9 won per US dollar at Monday's closing, up 6.5 won from the previous session, touching its strongest level since Jan. 31, 2019.

EU Going Ahead with Boeing Tariffs Against US

Brussels, Nov 9 (AFP/APP): EU said Monday it’s pushing ahead with up to $4 billion in tariffs against the US over illegal state aid to Boeing. "The US imposed tariffs following the WTO ruling in the Airbus case. Now, we have a WTO ruling also in our Boeing case, allowing us to impose tariffs and that's what we are doing", EU Executive VP  Valdis Dombrovskis, told reporters.

Putin Awaiting Official US Result to Congratulate Winner: Kremlin

Moscow, Nov 9 (AFP/APP): Russian President Vladimir Putin is waiting for official results from the US presidential election before congratulating a winner, the Kremlin said on Monday. "We consider it correct to wait for the official results to be finalised. I want to remind you that President Putin repeatedly said he will respect the choice of the American people," Kremlin spokesman Dmitry Peskov told reporters.

Pak-US Business Council Congratulates Joe Biden on Victory

LAHORE, Nov 08 (APP): Founder Chairman Pak-US Business Council Iftikhar Ali Malik Sunday congratulated Democrat Joe Biden on his landslide victory in the United States presidential election. He also extended greetings to Kamala Harris, the first ever woman Vice President elect and hoped the new leadership will focus on bringing durable peace worldwide especially in South Asia, besides restoring the confidence of the entire Muslim Ummah.

Focus on Unity as World Leaders Congratulate Biden

Paris, Nov 8 (AFP/APP): World leaders rushed to congratulate US president-elect Joe Biden, with many expressing hopes of unity and cooperation following four years of explosive Donald Trump diplomacy. While Trump refused to accept the results of the election, many world leaders made it clear they backed the announcement that Biden had won with running mate Kamala Harris.

Palestinian President Urges Biden to ‘Strengthen’ Palestinian-US Ties

Ramallah, Palestinian Territories, Nov 8 (AFP/APP): Palestinian president Mahmud Abbas on Sunday called on US president-elect Joe Biden to "strengthen" relations between the Palestinians and Washington which collapsed during President Donald Trump's term in office. In a statement congratulating Biden and vice president-elect Kamala Harris, Abbas urged the incoming administration "to strengthen the Palestinian-American relationship," and to strive for Middle East "peace, stability and security."

Biden to Reverse Some Trump Policies Upon Taking Office

NEW YORK, Nov 08 (APP): US President-elect Joe Biden plans to issue executive orders reversing a number of President Donald Trump’s policies, including the Muslim travel ban, as soon as he takes office, a leading American newspaper reported Sunday. That report in The Washington Post comes hours after Biden was declared the winner of the 2020 presidential election.

Dublin Hails Biden Amid Brexit Fears, as Irish Relatives Rejoice

Dublin, Nov 7 (AFP/APP): Ireland on Saturday hailed Democrat Joe Biden as "president-elect" of the United States and a staunch friend of his ancestral homeland who would support peace in Northern Ireland, as Britain leaves the EU. Prime minister Micheal Martin was among the very first foreign leaders to react and relatives of the Irish-American Biden also rejoiced

Biden Wins White House, Ending Trump Presidency

Washington, Nov 7 (AFP/APP): Democrat Joe Biden has won the White House, US media said Saturday, defeating Donald Trump and ending a presidency that convulsed American politics, shocked the world and left the US more divided than ever in decades. CNN, NBC News and CBS News called the race in Biden's favor just before 11:30 am (1630 GMT) as an insurmountable lead in Pennsylvania took the 77-year-old top.

Hundreds in Baghdad Demand Ouster of US Troops From Iraq

Baghdad, Nov 7 (AFP/APP): Several hundred protesters gathered in the Iraqi capital on Saturday afternoon to demand US troops leave the country in accordance with a parliament vote earlier this year. "We will choose resistance if parliament's vote is not ratified!" read one of the banners at the demonstration, which took place near an entrance to the high-security Green Zone, where the US embassy is.

Biden on Cusp of US Presidency as World Awaits Final Result

Washington, Nov 7 (AFP/APP): Four days after a bitterly contested presidential election between Donald Trump and Joe Biden, America on Saturday still awaited definitive results, with the Democratic former vice president on the brink of winning the White House. Biden was leading in most of the key states left in play, including Pennsylvania -- where a victory would put the veteran Democrat past the magic number of 270.

‘We’re Going to Win This Race!” Biden Confident as Lead Grows

NEW YORK, Nov 07 (APP): Former US Vice President Joseph Biden Friday swept into the lead in the state of Pennsylvania, where a victory would give him the presidency, and was ahead in three other critical battleground states as his campaign focused on a presidential transition process and officials worked to tally the remaining votes.

Top Democrat Pelosi Calls Biden ‘President-Elect’

Washington, Nov 6 (AFP/APP): House Speaker Nancy Pelosi, the top Democrat in Congress, on Friday called Joe Biden the "president-elect" of the United States after he pulled ahead in key election results. "President-Elect Biden has a strong mandate to lead", Pelosi told reporters after Biden overtook President Donald Trump in the potentially decisive state of Pennsylvania.