Monday, January 7th, 2019
World Bank President Jim Yong Kim announces resignation
WASHINGTON, (DNA) – World Bank President Jim Yong Kim announced on Monday he would step down next month, more than three years before his current term was due to expire. “It has been a great honour to serve as president of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime,” Kim said in a statement. Kim, who took over leadership of the global lender in 2012, is to join an as-yet unnamed firm focusing on investments in developing countries. World BankRead More
Salah set to retain African Player of the Year title
JOHANNESBURG, JAN 07 (DNA) – Liverpool star Mohamed Salah is set to be named 2018 African Player of the Year for a second successive time at a gala awards ceremony in Senegal Tuesday. The sharpshooter is competing against fellow English Premier League stars, Liverpool team-mate Sadio Mane from Senegal and Gabonese Pierre-Emerick Aubameyang of Arsenal. Consistent scorer Salah has already won the 2018 BBC African Footballer of the Year prize and it would be a shock if he did not add to his collection of individual honours in Dakar. ShouldRead More
Assets worth $1tr to shift from UK to EU due to Brexit
LONDON, JAN 07 (DNA) – Assets worth nearly 800 billion pounds ($1 trillion) are being moved from Britain to new financial hubs in the European Union ahead of Brexit, consultancy EY said on Monday. Britain, which is due to leave the bloc in March, has yet to approve a deal to avoid an abrupt severing of ties with the EU. Although the British parliament is due to vote on a proposed settlement next week, it is unclear if it will be approved. “The closer we get to March 29 without aRead More
Dollar dips to Rs139.10 in open market
KARACHI, JAN 07 (DNA) – Rupee in open market strengthened while at interbank it shed weight on first session of the new week because of higher demand from oil companies and some big importers. Dollar in the open market recorded a drop of 10 paisa to trade at Rs139.10 while at interbank it gained 7 paisa to touch Rs138.93. The main reason behind the surge was the higher demand from the oil companies and some of the importers. Dealers said that usually on first day inflows are slow because ofRead More
Real Madrid confirm Brahim Diaz transfer from Manchester City
MADRID, (DNA) – Real Madrid have signed Brahim Diaz from Manchester City, the European champions confirmed on Sunday. Diaz, a 19-year-old winger, has agreed a contract for six and a half years with Real and will undergo a medical on Monday, before being officially unveiled at the Santiago Bernabeu. A Real Madrid statement read: “Real Madrid and Manchester City have agreed to the transfer of the player Brahim Diaz, who will be linked to the club for the remainder of the season and the next six, until June 30, 2025.”Read More
NAB chief urges media to avoid speculations in ongoing probes
ISLAMABAD, JAN 07 (DNA) – Chairman National Accountability Bureau (NAB) Justice (RETD) Javed Iqbal has directed all Director Generals of NAB to call people related to ongoing complaint verifications, inquiries and investigation at exact time time besides protecting and respecting their self esteem. The chairman directed the DGs to conduct complaint verifications, inquiries and investigation after proper preparation, relevant evidence as per law and unecessary delay in this regard would not be tolerated.The concerned DG would be held responsible for any delay in this regard. Meanwhile, NAB has asked mediaRead More