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Author Archives: CT Report

Old mobiles better for calls, texts than new smartphones, research

mobile

LONDON: New research has found that the expensive smartphones of today do not work as well for calls and texts as mobile phones from a decade ago. A study carried out by industry regulator Ofcom has found that the handsets of the past provide better signal performance for making calls and sending texts than modern smartphones sold by the likes ... Read More »

Now play PS2 games on your PS4

ps4-price-drop-740x357

NEW YORK: It’s been confirmed by Sony for awhile now and it’s finally here. Shuhei Yoshida, President of Sony Computer Entertainment Worldwide Studios has stated that backwards compatibility for the PS4 is available from Saturday. Right now, this is limited to digital PlayStation 2 (PS2) games purchased online via the PlayStation Network (PSN) and you will not be able to ... Read More »

Bulgaria Customs seizes 50 skimming devices

seized

SOFIA: Customs officers at Bulgaria’s Sofia International Airport have discovered and seized about 50 skimming devices in courier parcels intended for shipping to destinations abroad. The electronic devices used to steal electronic information from bank cards were found in six parcels for express delivery sent by Bulgarian citizens to customers in China, Chile, the Dominican Republic, Indonesia and Spain, the ... Read More »

UK stocks flat at close, FTSE 100 down 0.6pc

UK-stocks121

NEW YORK: Britain’s top equity index has fallen, extending losses from the previous session caused by disappointment over the European Central Bank’s policy update, with miners and oil stocks reversing previous gains following a statement by OPEC. OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would ... Read More »

Active volcano mount Etna erupts 1st time in 2 years

volcano

CANADA: Italian residents were treated with quite the spectacle on Thursday.Fire and lightning lit up the sky over Sicily after Mount Etna’s Voragine crater erupted for the first time in two years, the National Institute of Geophysics and Volcanology (INGV), a research institute in Italy, said in Volcanic lightning was seen above the giant plume of fire and smoke rising ... Read More »

Weather delays Orbital’s return to ISS

weather

HONG KONG: Rain and cloudy skies delayed Orbital ATK’s planned resumption on Thursday of cargo runs to the International Space Station, a year after the company’s Antares rocket exploded during launch. An Orbital Cygnus spacecraft, perched atop an Atlas 5 rocket from United Launch Alliance – a Lockheed Martin Corp and Boeing Co joint venture – had been slated for ... Read More »

U.K Customs seizes 15,000 hoverboards due to safety concerns

hoverboard

LONDON: More than 15,000 self-balancing scooters – more popularly known as hoverboards – have been seized by U.K. officials due to safety concerns. According to the U.K.’s National Trading Standards board, officials found many concerns surrounding the plugs, cabling, chargers, batteries, or the cut-off switch within the boards, which sometimes fails. Officials said many of the hoverboards that were sent ... Read More »

Jamaica Customs posts revenue of $119.26bn for April to Nov

revenues

JAMAICA: The Jamaica Customs Agency says it has surpassed its revenue target for the period April 1 to November 30. Commissioner of Customs, Major (Ret’d) Richard Reese, said collections amounted to $119.26 billion for the period, surpassing the $105.2 billion target set by the Ministry of Finance and Planning. He was speaking at a press conference on Thursday, December 3, ... Read More »

U.S police confiscate 6 pounds of meth worth $1m

crystalmeth

STATESVILLE: The Iredell County Sheriff’s Office has arrested seven people in connection to a large metthamphetamine bust. The investigation kicked off several months ago after narcotics officers were tipped off that Eric Germaine Summers, of North Oakland Avenue in Statesville, was selling crystal meth. Throughout their investigation, undercover officers were able to purchase meth and a handgun from the suspect, ... Read More »

US police seize drugs worth $145,000

cocaine

WORCESTER: Vice detectives seized more than a kilo of cocaine and 175 grams of heroin Friday from a Worcester apartment, said police. Around 6:30 a.m., police saw a man they have been investigating, Ramon Valerio, exit his apartment and get into a Lexus. The license plate on the Lexus had been revoked, so officers stopped the vehicle and had Valerio ... Read More »

US stocks dips 369.96pts at end of trade

US stocks

LONDON: Stocks on Wall Street rallied on Friday after strong jobs data made it almost certain the Federal Reserve would raise interest rates in two weeks, while a surprise move by major oil exporters to keep pumping near-record output pushed crude prices down. The Dow Jones industrial average .DJI closed up 369.96 points, or 2.12 percent, to 17,847.63. The S&P ... Read More »

Turkey police seize 350kg cannabies worth $3.5m

NARKOTİK SUÇLARLA MÜCADELE ŞUBE MÜDÜRLÜĞÜ EKİPLERİ GEÇTİĞİMİZ GÜNLERDE AVCILAR, BAKIRKÖY VE BAYRAMPAŞA’DA ULUSLARARASI UYUŞTURUCU TİCARETİ YAPAN BİR ŞEBEKEYE OPERASYON DÜZENLEDİ. OPERASYON KAPSAMINDA 350 KİLO 530 GRAM YEŞİL KOKAİN DİYE TABİR EDİLEN SKANK ELE GEÇİRİLDİ. (TUGAY SADAY/İSTANBUL-İHA)

ISTANBUL: Istanbul police have seized almost $3.5 million worth of cannabis in an operation against a suspected international drug smuggling network on Friday. The anti-narcotics unit raided four addresses simultaneously in the city’s Avcılar, Bakırköy and Bayrampaşa districts on the European side, making seven arrests. Intelligence suggested that a smuggling network was running illegal drugs through Kosovo and Albania, according ... Read More »

Australian police seize 500 grams of meth hidden in vacuum

drugs

SYDNEY: Police have seized drugs believed to be bound for the Stereosonic music festival in Adelaide this weekend. Authorities discovered 500 grams of methamphetamine hidden in a vacuum cleaner at a Prospect home in Adelaide’s inner north. A 25-year-old has been charged with trafficking in a commercial quantity of a controlled drug and refused bail. The arrest came as police ... Read More »

Saudi Customs asks declaration for jewelry, precious metals

Precious metals using XRF

RIYADH: The General Authority for Civil Aviation (GACA) has ordered all domestic and international airlines operating in the country to make it mandatory for passengers to declare jewelry, precious metals and cash over SR60,000 in their possession, with invoices or other documentation as proof of value. GACA said the Kingdom has regulations in place for passengers to fill in forms ... Read More »

European stocks close lower, European Stoxx 600 slips 0.4pc

european-stocks4221

ROME: European markets climbed off session lows to close lower as investors reacted to a fresh jobs report from the U.S., a policy meeting from OPEC and the new stimulus announced by the European Central Bank on Thursday. The pan-European STOXX 600 ended slightly lower, down 0.4 percent, but rising off session lows as positive trade in the U.S. helped ... Read More »

Customs Intelligence seizes 148 gas cylinders worth Rs 50m

Asif Marghoob

KARACHI: The Custom Intelligence and Investigation has seized 148 sulfur hexafluoride gas cylinders worth Rs50 million from industrial area of Karachi, it learnt here. According to the details, the visit of Customs Intelligence Director General Imtiaz Ahmed to Karachi is proved encouraging, as it has given new momentum to the anti-smuggling operations in the region. The custom officers following the ... Read More »

LCCI demands withdrawal of new taxes

LCCI

LAHORE: Executive committee member of the Lahore Chamber of Commerce and Industry Raja Adeel Ashfaq has feared that the recent taxation measures will add to the miseries of business community that is already coping with a number of challenges. It would be better if government takes measures to give expansion to the tax net instead of introducing new taxes for ... Read More »

National Road Show on Competition Law kicks off at ICCI‏

Pic-Dec-04,-15

ISLAMABAD: The National Road Show on Competition Law being organized by the Competition Commission of Pakistan (CCP) throughout the country, was kicked off at the Islamabad Chamber of Commerce and Industry (ICCI). The seminar was attended by Vadiyya Khalil, chairperson CCP, Atif Ikram Sheikh, president Islamabad Chamber of Commerce and Industry, members of CCP Mueen Batlay, Shahzad Ansar, Ikram Ul ... Read More »

Chinese investment of Rs 46b pave way for economic progress of this region: Mian Adrees

MOU FCCI & CHINA SHAANXI PROVINCE

FAISALABAD: China Pakistan Economic Corridor (CPEC) will open new avenues of progress and prosperity for the entire region and the business communities of Pakistan and China have to prepare them to fully exploit the business opportunities brewing as a by-product of this mega infrastructure project, said Jamil Ahmad, vice president Faisalabad Chamber of Commerce and Industry (FCCI). He was addressing ... Read More »

Free trade agreement with South Korea clears hurdle

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SEOUL: South Korea’s parliament ratifies its free trade agreement (FTA) with China during the plenary session, Nov 30, 2015. Goods and services trade between China and South Korea is set for a quantum leap after the much-anticipated free trade agreement between the two countries crossed a crucial legislative hurdle. The National Assembly of South Korea gave the green light to ... Read More »