Fishing was Gwadar’s main economic activity before the port started operationsGWADAR: For over a decade, Pakistani officials have dreamed of transforming the small but strategically located fishing port of Gwadar into a duty-free port and free economic zone – Pakistan’s answer to Dubai. Abdul Rahim, who works for the Gwadar Development Authority, under the provincial government of Balochistan, said climate change is playing a role in Gwadar’s thirst. Political squabbling hit Gwadar Port City developmentBoth plants rely on power from generators, as there is not enough grid power in Gwadar to run them, said Sajjd H. Baloch, the director general of Gwadar Development Authority. Gwadar comes to lifeA new road will soon connect the port to the Makran Coastal Highway, which links Gwadar to Karachi. The China Power Company also plans to open a 300 megawatt coal-fired power plant around 20km from the port to provide electricity to Gwadar.
The video streaming pioneer has been spending aggressively to drive subscriber growth around the worldNetflix said on Monday it planned to raise $1.5 billion in debt, the second time the company is tapping the debt market in less than a year to fuel a rapid expansion in original content. The video streaming pioneer, which raised $1.6 billion in debt last October, has been spending aggressively on original content to drive subscriber growth around the world. The company also reported long-term debt of $6.5 billion at the end of first quarter and said it expects free cash flow to be negative in the second half of 2018. WeWork to snap up China-based rival Naked HubNetflix had around $2.6 billion in cash, according to the company’s latest quarterly report. The company said on Monday it intends to use the net proceeds from the offering for general corporate purposes, which may include content acquisitions, production.
AMS did not name the customer, but the Austrian company is a big supplier to Apple, making components for the US technology giant’s iPhone. The downturn was based on weaker orders and lower forecast orders in the months ahead, Gmeiner said. AMS shares have gained 8.1 per cent this year, outpacing a Stoxx 600 Technology Index that has gained 0.7 per cent. Swiss Apple store evacuated as iPhone overheatsWeak results from Taiwan Semiconductor (TSMC) this month also spread concern about softer demand for smartphones. Analysts have said that AMS obtains about 35 per cent of its revenue from Apple, with mobile phone components making up the vast majority of its business with the US company.
During hearing of another case, the Supreme Court on Sunday suspended the LCWU Vice Chancellor Dr Uzma Qureshi from her post. CJP orders suspension of Punjab University VC“The competent authority has accepted resignation of Dr Muhammad Zakria Zakar… with effect from April 21, 2018. Orders regarding appointment of provisional VC…, in line with orders of… Supreme Court of Pakistan shall be issued in the course of this week,” said the notice for Punjab University. The notification for LCWU said, “The appointment of Dr Uzma Qureshi.. is placed under suspension till further orders. For the LCWU, the three senior-most professors under consideration for the appointment as provisional vice chancellor are Dr Bushra Khan, Dr Shagufta Naz and Dr Farkhanda Manzoor.
ATC grants remand over the charges of making derogatory speeches against higher judiciaryLAHORE : An anti-terrorism court on Monday granted remand for five days to Kasur police of the 17 accused over the charges of making derogatory speeches against higher judiciary and inciting people to violence in a public rally. The ATC prosecutor Abul Rauf Wattu argued before the court that the accused made derogatory speeches against the judiciary and other state institutions and stated that they are nominated in two different FIRs and two other applications are pending in a police station. Prosecution also moved another application seeking registration of case against ten other accused and making them part of investigation. The prosecutor stated that as of now ATC sections are included in the FIR so the accused who were exonerated by the local magistrate now should be treated under the Anti-terrorism Act. The court after hearing the arguments of the prosecutor also granted remand of the accused for five days.
When that motor technology is combined with autonomous vehicle advances, the car not only no longer needs the hood but also what the industry calls crash zones. “It is definitely the next step, particularly if you image a world of zero accidents with autonomous drive technology fully working. At the Detroit auto show in January, Infiniti showed a concept car whose styling points towards a not-so-distant future when most cars are going to be electrified. The technology shift is bringing to the industry change in the way cars are engineered and manufactured. LOW SPEC LIFESTYLESome industry players such as Chinese-funded smart electric car startup Byton think everyday cars, used for commuting and errands, will be much simplified if they are electrified and enabled by autonomous drive technology.
April 24, 2018 04:52 UTC
According to the Pakistan Meteorological Department data, at least 34 meteorological stations registered temperatures 10°C above the monthly average last month. Commenting on the situation, Pakistani climate scientist Dr Qamaruz Zaman Chaudhry said: “The abrupt change in climate conditions is basically a manifestation of climate change, especially in our region.”Pakistan, he said, continued to bear the brunt of climate change and this impact was reflected through extreme weather event. 2018 summer will be harsher than previous years: PMD“This month, however, we are experiencing entirely opposite weather [pattern]. Global preview March 2018According to the ECMWF Copernicus Climate Change report, temperatures were substantially above average across a large region stretching from north-eastern Africa through the Middle East and into China and the Indian sub-continent. A dust storm started on March 27 in Libya and spread south and eastwards, affecting Egypt, Sudan and Chad.
April 24, 2018 04:30 UTC
Judicial officer expresses dismay over lack of services, cleanliness at hospitalHYDERABAD: With four more deaths of children reported from Civil Hospital, Tharparkar on Sunday, the monthly death toll has reached 30. Dying infants of TharAccording to hospital sources, two-year-old Kapil, six-month-old Sheherbano Amjad and two newborns died at the hospital on Sunday. The civil judge and judicial magistrate, Gurmukhdas Giani, reprimanded the administration over lack of cleanliness at all of the hospital’s wards and absentee staff. He was also dismayed to note that a private diagnostic laboratory in the hospital’s premises was operating without a pathologist. Two more deaths were reported at Civil Hospital, Mithi on Monday – two-month-old Hakim and six-month-old Haresh Mal.
April 24, 2018 03:22 UTC
Pasban-e-Pakistan's president speaks about utilising potential of the metropolisKARACHI: Indigenous economic corridors from Karachi to Hyderabad and from Karachi to Keti Bandar should be established to end unemployment in the megacity and the rest of the province, said Pasban-e-Pakistan President Altaf Shakoor. In a statement issued on Monday, he said unemployment is a major issue in Karachi as hundreds of thousands of educated youth are without jobs. He said setting up new industrial zones and corridors is a must to utilise the energy and capabilities of our youth. If the federal and Sindh governments join hands to develop the Karachi-Hyderabad economic corridor and Karachi-Keti Bandar economic corridor, not a single person in Sindh would be jobless, he claimed. It is a shame that even towns like Multan and Lodhran have better public transport systems than Karachi, he lamented.
April 24, 2018 03:10 UTC
Experts say country is not too integrated in global value-chainISLAMABAD: Pakistan’s economy is least integrated in the global value chain and hence, will not suffer significantly from the recent US-China trade war in the short-term. This was the crux of deliberations by trade experts at a special seminar on ‘Where does Pakistan stand in global trade war?’ organised by the Sustainable Development Policy Institute (SDPI) on Monday. US-China trade tension dominates IMF gatheringSpeaking on the occasion, National Tariff Commission member Roubina Ather said that the greatest threat of trade war is protectionism, which in turn will shrink the global trade volume. “We should not be over-concerned about the ongoing global trade war, mainly between China and the US, as Pakistan is not so much integrated in the global value-chain,” she said. If the trade war goes further, the textile sector and the apparel market may suffer in the long-term, she added.
April 24, 2018 02:48 UTC
Bush was admitted to the same hospital about a year ago for a coughAUSTIN, TEXAS: Former US President George H W Bush was admitted to a Houston hospital for an infection that spread to his blood a day after the funeral of Barbara Bush, his wife of seven decades, a family spokesman said on Monday. Bush, 93, was admitted to Houston Methodist Hospital on Sunday, spokesman Jim McGrath said in a statement. Bush was seen in a wheelchair on Saturday at the funeral of his wife, the former US first lady, who died last Tuesday. Former US first lady Barbara Bush dead at 92Bush is the father of former Republican President George W. Bush, who served two terms from 2001 through 2009, and former Florida Governor Jeb Bush, who unsuccessfully sought the 2016 Republican nomination for president. George H W Bush would write a letter to his wife on each wedding anniversary, Jeb Bush said in a eulogy at the Saturday funeral, before reading aloud one such letter from 1994, a year after his father left the White House.
April 24, 2018 01:41 UTC
NASHVILLE: Police on Monday arrested the man suspected of fatally shooting four people at a Waffle House restaurant, ending a 36-hour manhunt after tips from the public led police to search secluded woods nearby. He was suspected of opening fire with an assault rifle at the restaurant early Sunday then fleeing the scene naked. “We need to move on as a community and do what we can to curb this violence,” Nashville Mayor David Briley told a news conference near the Waffle House, describing the attack as a tragedy. After that, Reinking’s father had told police he would lock up his son’s guns, which they said included the rifle used in the Waffle House shooting. RESIDENTS RELIEVEDIn the area near the Nashville Waffle House, local resident Sheryl Friend, a woman in her 60s, said there was a sense of relief.
April 24, 2018 00:00 UTC
AUSTIN: Former US President George HW Bush was admitted to a Houston hospital for an infection that spread to his blood a day after the funeral of Barbara Bush, his wife of seven decades, a family spokesman said on Monday. Bush, 93, was admitted to Houston Methodist Hospital on Sunday, spokesman Jim McGrath said in a statement. Bush was seen in a wheelchair on Saturday at the funeral of his wife, the former US first lady, who died last Tuesday. Bush, the country’s oldest living ex-president, served a single term in the Oval Office from 1989 through 1993. Bush is the father of former Republican President George W Bush, who served two terms from 2001 through 2009, and former Florida Governor Jeb Bush, who unsuccessfully sought the 2016 Republican nomination for president.
April 24, 2018 00:00 UTC
It aims to travel at speeds of up to 300 kilometers per hourLONDON: Lilium, a German start-up with Silicon Valley-scale ambitions to put electric “flying taxis” in the air next decade, has hired Frank Stephenson, the designer behind iconic car brands including the modern Mini, Fiat 500 and McLaren P1. Lilium is developing a lightweight aircraft powered by 36 electric jet engines mounted on its wings. Founded in 2015 by four Munich Technical University students, the Bavarian firm has set out plans to demonstrate a fully functional vertical take-off electric jet by next year, with plans to begin online booking of commuter flights by 2025. Stephenson, 58, who holds American and British citizenship, will join the aviation start-up in May. Nonetheless, flying cars face many hurdles, including convincing regulators and the public that their products can be used safely.
April 23, 2018 23:03 UTC
LUANDA: Angolan President Joao Lourenco on Monday sacked his army chief of staff over corruption allegations in a deepening purge of senior figures linked with graft. The president has vowed to tackle systemic corruption since he succeeded Jose Eduardo dos Santos, who had ruled Angola for 38 years, in September. In a presidential statement, Lourenco named Antonio Egidio de Sousa Santos as the new army chief. During the country’s oil boom, then-president dos Santos was accused of corruption and enriching a small elite, including his own family, while millions of Angolans remained in dire poverty. Jose Filomeno dos Santos, the son of the former president, has been charged after allegedly siphoning off $1.5 billion when he ran the oil-rich country’s sovereign wealth fund until he was sacked in January.
April 23, 2018 20:15 UTC