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Author Archives: CT Report

Scientists develop ultra fast camera that can captures objects around blind corners


WASHINGTON: A team of scientists from Heriot-Watt University in Edinburgh, Scotland, said an extraordinarily fast camera that can see objects around corners could be used in search and rescue operations. It could also be used in cars to detect the hidden oncoming traffic. The team that presented its findings in journal Nature Photonics, said their method relies on the laser ... Read More »

Hight temperature makes whales life hell in Pacific Ocean


FRANCE: Increase in temperatures in Pacific Ocean is making life of whales hell. In 2015, more than 60 whales have been found entangled in fishing gear along the coast causing 400% hike over normal and a pattern that began in 2104. Capt. David Anderson of Captain Dave’s Dolphin and Whale Watching Safari in Dana Point, Calif., spotted whale entanglement for ... Read More »

Dubai Court sentences two years jail to Customs agent for misappropriating Dh2.2m

aus jails

DUBAI: A Customs agent has been jailed for two years and ordered to repay Dh2.2 million that he misappropriated from Dubai Customs using 521 forged Customs declaration forms. The 32-year-old Pakistani agent, M.I., committed 521 counts of e-forgeries in declaration forms of cars that had been imported over more than two years. M.I. was sentenced to two years in jail ... Read More »

Tokyo stocks dive at end of trade, Nikkei 225 sinks 1.32pc


  TOKYO: Tokyo’s benchmark stock index fell for a third straight session on Thursday as a strong yen dented exporters, and after Wall Street dropped on oil prices sinking to fresh seven-year lows. The Nikkei 225 at the Tokyo Stock Exchange sank 1.32 per cent, or 254.52 points, to 19,046.55 by the close, while the broader Topix index of all ... Read More »

More than 100 countries participate in WCO in Dominican Republic


SANTO DOMINGO: Delegates from over 100 countries analyze today new security measures at the World Customs Organization (WCO) Summit in Punta Cana, Dominican Republic. The meeting of the WCO General Policy Commission, which is on its 2nd day on Thursday, was inaugurated by council Secretary General Kunio Mikuiya and the chairman of the Customs Cooperation Council Zouhair Chorfi. The Dominican ... Read More »

Philippines BIR, Customs miss collection targets in Oct


MANILA: Faster growth in public spending against revenue generation resulted in a P27-billion budget deficit in October, although the government continued to underspend at the start of the fourth quarter. Treasury data released yesterday showed that expenditures last October jumped 23 percent to P190 billion from P154.8 billion a year ago, although disbursements that month were 8-percent lower than the ... Read More »

China’s yuan falls against US dollar


BEIJING: The Chinese yuan fell against the US dollar on Thursday’s Asian deals, as the Chinese central bank set a weaker midpoint for the yuan to dollar exchange rate. The yuan slipped to a 4-month low of 6.4408 against the greenback, from Wednesday’s closing quote of 6.4162. If the yuan extends slide, it may locate support around the 6.45 mark. ... Read More »

RBZ must needs banks to disclose interest rates


HARARE: RBZ must require banks to disclose the interest rates that they charge upfront, and to declare to borrowers in writing that they are compliant with any interest rates set by the RBZ. The Mid-term Monetary Policy Statement (MPS) of July 2015, issued by the Reserve Bank of Zimbabwe (RBZ) brought hope for those economically savvy borrowers, when it ushered ... Read More »

Gabon authorities seize 200kg of ivory


GABON: Home to half of Africa’s endangered forest elephants – has impounded more than 200kg of ivory in what may be one of the largest hauls ever recorded. Gabon’s 50,000 forest elephants are particular popular with ivory poachers because of their hard, straight tusks. “We can confirm the seizure of around 200kg of ivory, which represents about 20 elephants,” said ... Read More »

Zimbabwe’s finance minister forecast 2.7% growth for 2016


HARARE: Zimbabwe’s finance minister forecast a 2.7 per cent growth for next year, but analysts fear this is too ambitious, as they project an economic depression. With commodity prices on a downward trend, Zimbabwe is banking on improved prices for gold and other minerals. But a certain drought, due to poor rains, could paid to any significant economic growth for ... Read More »

Zimbabwe JA Solar wins $179m contract to supply


HARARE: Nasdaq Stock Exchange-listed JA Solar has won a $179 million contract to supply photo voltaic panels for Munyati solar farm project. JA Solar Holdings, one of the world’s largest manufacturers of high-performance solar power products, made the announcement yesterday. It said, it has won the contract to supply 100MW of photovoltaic modules to one of the first three large-scale ... Read More »

US Border Patrol agents seize 150 pounds of marijuana worth $89,000


CALIFORNIA: Border Patrol agents seized almost 150 pounds of marijuana Wednesday after discovering the drugs hidden in a truck trying to pass through the Highway 86 checkpoint near the Salton Sea. At 10 a.m., drug-sniffing dogs alerted to a 25-year-old woman approaching checkpoint in a Chevrolet Silverado, according to the Border Patrol. Her car was then searched by agents, who ... Read More »

Garments manufacturers call for textile package

garments exporter

KARACHI: The representative of garments manufacturers has called for early announcement of textile package as the delay is further deteriorating the largest industrial sector of the country. Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) acting Chairman Arshad Aziz said this in a statement. He said that he current scenario is extremely worrying the precious foreign-exchange earning industries and the ... Read More »

Australian dollar bounces back above US73 on jobs data


PERTH: The Australian dollar has spiked back above US73 cents on a stunningly strong jobs report. At noon (AEDT), the currency was trading at US73.27 cents, up from 72.15 cents yesterday. The Aussie had jumped to US73.33 cents by 11.41am (AEDT) on the news that Australia’s unemployment rate fell to 5.8 per cent in November. The total number of people ... Read More »

Singapore’s CNB nails down drug racket


SINGAPORE: Drugs worth more than S$103,000 were seized yesterday in a Central Narcotics Bureau (CNB) operation. A suspected drug syndicate leader and three other suspected drug offenders were also arrested. The alleged drug syndicate leader, a 55-year-old Singaporean man, was arrested when CNB officers raided a unit along Hamilton Road yesterday evening. They recovered a total of more than 900g ... Read More »

Food prices inflation rise by 4% in 2016


OTTAWA: Food prices are set to outpace overall inflation and rise by as much as 4 per cent in 2016 as the low Canadian dollar drives up the price of imported fruits and vegetables, according to the Food Institute at the University of Guelph’s forecast. The jump of about $345 in the average household’s annual food bill to $8,600 follows ... Read More »

India will set up observatories to monitor climate change impact


MUMBAI: India announced Monday that it will open eight long-term observatories across the islands, deserts, and the Himalayas to monitor the effects of climate change. Environment minister Prakash Javadekar revealed the plan at COP21 – the United Nations climate change conference currently held in Paris, France – saying the ecological observatories will help the country better understand climate change impact ... Read More »

Govt urged to pay attention to citrus industry


SARGODHA: Pests and diseases are main causes of low production of citrus, which need government attention to boost this profitable business. Kinno Growers Association President Hamid Saleem Waaraich said this in a statement. He said that citrus production is more than 30 fruits grown throughout the country with Punjab dominating in production as about 59 per cent of the total ... Read More »

UK court sentences man 20 month jail for smuggling heroin


LONDON: A 37 year old man who was caught with heroin worth around £7,000 at Lerwick’s NorthLink ferry terminal has been sent to prison for 20 months. Gregor Manson, whose address was given as Carradale Guest House on Lerwick’s King Harald Street, previously admitted being concerned in the supply of the Class A drug at the Holmsgarth terminal and elsewhere ... Read More »

Indian rupee up 4 paisa against US dollar in early trade

indian rupee 1

MUMBAI: The Indian rupee rose marginally by 4 paise to 66.79 against the US dollar in early trade today at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks. Forex dealers said apart from selling of the US currency by exporters and banks, a higher opening in domestic stock markets, supported the rupee. They ... Read More »