News24.co.ke | Kenya Airways pilots' union withdraws strike notice
The KALPA pilots union at Kenya Airways on Thursday withdrew a strike notice issued last month, saying there had been progress on issues it had raised regarding the carrier's turnaround strategy.
KP to relax lockdown in 2nd phase
PESHAWAR: Adviser to Chief Minister on Information and Public Relations Ajmal Wazir has stated that the Khyber Pakhtunkhwa government has taken several decisions relaxing the ongoing lockdown in the province.According to an official handout, he was talking to the media and said the steps had been...
Teachers express solidarity as protest for release of Mir Shakil-ur-Rahman continues
PESHAWAR: The media workers of the Jang Group on Friday continued the protest against the arrest of their Editor-in- chief Mir Shakil-ur-Rahman as representatives of the teachers organization visited the camp to express solidarity with journalists.Carrying banners and placards inscribed with...
Tiger Force made operational in Nowshera
NOWSHERA: The Prime Minister’s Corona Relief Tiger Force was made operational in the Nowshera district on Friday like other parts of the country.A total of 6,670 members of the force have been registered in the district who would work under the administration and other government...
Equipment delivered to set up corona lab in Lower Dir
TIMERGARA: Equipment has been delivered to set up a coronavirus testing laboratory in Lower Dir district, officials said.“We have received PCR machine and its safety units and a team of the KMU would reach soon to set up Dir Public Health Laboratory at DHQ Hospital Timergara. They would also...
JUI-F leader for proper burial of corona victims
MANSEHRA: The Jamiat Ulema-i-Islam-Fazl leader Mufti Kifayatullah, who received a warm welcome by his party workers on his release, has reiterated his earlier stance of a ‘respectable’ burial of patients died of Covid-19.“I am not afraid of jails and would never allow police and...
KP Assembly speaker inspects corona arrangements
PESHAWAR: Speaker Provincial Assembly Mushtaq Ahmed Ghani visited Khyber Teaching Hospital to take of situation with regard to coronavirus on Friday.He was received by Medical Director Prof Dr Aamir Azhar and the hospital’s media manager. The speaker was briefed by medical director on the...
Guard shot dead
PESHAWAR: Street criminals shot dead guard of a filling station during a robbery in Chamkani on Friday. An official said two unknown people came to Mir CNG, Nasir Pur in a car and made an attempt to snatch the cash from filler. On resistance, the official said, they shot watchman Hazrat Hussain...
Eight alleged hired assassins arrested
SWABI: The police on Friday claimed to have arrested eight alleged hired assassins in the district.Addressing a press conference here on Friday, District Police Officer Imran Shahid said that on March 17, Muhammad Iqbal, brother of a known lawyer Mustafa Kamal, was killed and his nephew Munawar...
Cops censured, asked to reimburse BISP stipends
PESHAWAR: A number of policemen were censured while a few cops were directed to reimburse the amount they had collected from the Benazir Income Support Programme. Inquiry is being conducted in all the districts against the cops who were beneficiaries of the BISP programme, meant for only the...
CM Mahmood Khan wants ground breaking of Rashakai Economic Zone soon
PESHAWAR: CM Mahmood Khan has directed the officials concerned to finalise all arrangements for a formal groundbreaking of Rashakai Economic Zone.He was chairing a meeting held here on Friday to review progress on Rashakai and Hattar Economic Zones projects, said an official handout. Besides...
Coronavirus cases reach 208 in Mardan
MARDAN: The number of coronavirus positive cases reached 208 in Mardan district while the test reports of 684 people came back negative, health sources said.So far, 11 people have died of coronavirus in the district. The sources added that 1,149 tests were conducted in the district so far while...
11 Peshawar journalists infected by coronavirus
PESHAWAR: Eleven journalists working with different media organisations in the provincial capital of Khyber Pakhtunkhwa after testing positive for the coronavirus are undergoing treatment.They have been quarantined at their homes. All are members of the Peshawar Press Club. They are working for...
Survey says Swat valley to witness food crisis
PESHAWAR: The Covid-19 and climate change-related calamities are likely to disrupt fruit production and supply chains, leading to a food crisis in the Swat Valley in the near future, says a survey findings.Apart from Covid-19 pandemic, erratic rains and frequent hailstorms during the month of...
Bacha Khan Medical College launches online classes
PESHAWAR: The Bacha Khan Medical College in Mardan has launched online classes for its students in order to enable them to pursue their studies without any hindrance.It was the first medical college that took the initiative after the government closed all educational institutions in the country...
PPP, medical bodies demand end to privatisation of healthcare facilities
PESHAWAR: The Pakistan People’s Party and the representatives of medical organisations of Khyber Pakhtunkhwa have demanded an end to the privatisation of healthcare facilities in the province and provision of automated coronavirus testing machines to medical staff. The demand was made...
Two die, three injured in Kohistan road accident
MANSEHRA: Two persons were killed and three others sustained injuries when a pickup vehicle plunged into a ravine in Shahshi Gigal area of Lower Kohistan on Friday.The vehicle was on way to Kokai from Gijal when it met to accident while negotiating a sharp turn.The local rushed to scene and...
Isolation ward handed over to Drosh hospital
CHITRAL: An isolation ward set up by Aga Khan Health Service at Tehsil Headquarters Hospital in Drosh, was handed over to the Health Department on Friday.District Health Officer Dr Shahzada Haiderul Mulk was chief guest at the ceremony in which AKHS representative Anwar Baig, Additional Assistant...
KP police arrest over 10,000 drug peddlers in four months
PESHAWAR: On the directives of Inspector General of Police Sanaullah Abbasi, Khyber Pakhtunkhwa Police have intensified actions against drug peddlers and arrested 10,741 in the last four months.Besides, the force has eradicated poppy crop on 104 acres, says a press release. During the special...
Food packages distributed among 100 families
TAKHTBHAI: Food packages were distributed among 100 deserving families at the Government Girls Degree College here on Friday while ensuring social distancing.Additional Deputy Commissioner Mardan Nek Mohammad Khan was the chief guest. The people receiving the food showed discipline and did not...
Agri scientists asked to come up with viable solutions to fight locust attack
FAISALABAD: Punjab Higher Education Department Secretary Zulfiqar Ahmad Ghumman has said that agriculture scientists should come up with the viable solutions to fight locust attack that is playing havoc with the food security of the country.He said this while visiting Faisalabad on the directions...
World has seen RSS agenda of Modi govt in IOK: Governor Sarwar
NANKANA SAHIB: Punjab Governor Chudhary Muhammad Sarwar has said that the world has seen the RSS agenda of Modi government and its atrocities on innocent Kashmiris in the Indian Occupied Kashmir.He said this during his visit to the Gurdwara Janamasthan where he distributed ration bags among the...
NTU's role in boosting country's economy lauded
FAISALABAD: Federal Secretary for Education and Professional Training Dr Sajid Yoosufani on Friday visited the National Textile University here. NTU Rector Prof Dr Tanveer Hussain gave briefing to him about the institution. The secretary also visited various departments of the varsity and showed...
'Faisalabad GDP to go up despite lockdown'
FAISALABAD: Despite the lockdown, the GDP of Faisalabad is expected to grow from 1.3 to 2.2 per cent. This was said by National Assembly Standing Committee on Finance, Revenue and Economic Affairs Chairman Faizullah Kamoka. He was addressing a virtual discussion on Local Economic Development of...
Three cops among 4 test corona positive
TOBA TEK SINGH: Four more persons, including three policemen, tested corona positive here on Friday.Health Department Deputy District Officer and Focal Person for DHQ Hospital Dr Kashif Bajwa told that three policemen were deputed outside the DHQ Hospital’s isolation ward.Their swabs were...
One billion people will live in insufferable heat within 50 years
LONDON: The human cost of the climate crisis will hit harder, wider and sooner than previously believed, according to a study that shows a billion people will either be displaced or forced to endure insufferable heat for every additional 1C rise in the global temperature. In a worst-case scenario...
Face masks make a political statement in era of virus
WASHINGTON: The decision to wear a mask in public is becoming a political statement — a moment to pick sides in a brewing culture war over containing the coronavirus, foreign media reported.While not yet as loaded as a “Make America Great Again” hat, the mask is increasingly a...
LPGIAP demands bailout package in budget
MULTAN: The LPG Industries Association Pakistan has demanded a bailout package in the budget 2020-2021 so that the industry could survive in the most effective way.Talking to journalists here on Friday, LPGIAP chairman Irfan Khokhar said that the budget proposals had been dispatched to Prime...
360,000 wheat bags recovered from godowns
HAFIZABAD: The district administration and the PASSCO officers along with Special Branch police on Friday recovered 360,000 wheat bags from various godowns.The teams recovered the wheat bags from the areas of Kassoke, Vanike Tarar, Kaleke, Sukheke and Jalalpur Bhattian and sealed the...
Coronavirus - Executive pay and rewards - UK
Coronavirus and executive pay: the issues The COVID-19 pandemic has prompted an economic crisis that has far surpassed that of the financial crash in 2008. The implications for executive pay against the backdrop of furloughed staff, lay-offs, staff...
Coronavirus - Webinar Financial services post-COVID19: Trends in disputes and enforcement - UK
Listen as our panel answer some of the most common questions on post-COVID19 litigation trends - this was presented in conjunction with Ankura. A recording of the session can be listened to here. In this session we explored: a review of the economi...
Coronavirus - Financial Services COVID-19 Sector Focus
In this period of market uncertainty, financial services firms globally are facing a number of challenges and questions. We have created a selection of recent articles, webinars, podcasts and short videos published by Eversheds Sutherland to he...
Coronavirus - Financial Services in a post COVID world - Video series
We are producing a series of videos in which some of our leading practices discuss the principal issues and opportunities in financial services as the COVID crisis abates, and we start moving into a new form of business as usual. Some of thes...
Coronavirus - Changes to Directors Duties during the COVID-19 Crisis - Global
Please note, we will continue to update this note as and when further measures are announced. Summarises of the current position on directors' duties across some key jurisdictions noting any significant changes that have been announced by government...
Coronavirus - Overview of governmental economic support Global
Please note that further information is expected and we will update this note when this is available. Set out below is a summary of measures that have been announced by governments in various jurisdictions in response to the COVID-19 outbreak. ...
Coronavirus - Overview of measures in the financial sector by Dutch Regulators due to the Corona pandemic
DNB (the Dutch Central Bank) Banks: Micro prudential, less significant institutions (LSIs) - Banks can use their capital and liquidity buffer. Therefore, banks will be allowed to temporarily operate below the level of capital as defined by t...
Coronavirus Dear CEO letter on SME business interruption insurance - UK
After previously setting out its expectations of general insurance firms in relation to their treatment of consumers during the coronavirus (Covid-19) pandemic, on 15 April 2020 the UK Financial Regulator, the Financial Conduct Authority (FCA), ...
Coronavirus - FCA issues further draft Covid-19 guidance for Buy-Now Pay-Later and other high cost products - UK
On Friday 17 April the FCA issued draft guidance on Buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking. It proposes temporary financial relief for customers impacted by coronavirus and is intended to complement measures finalised on 9 April...
ESMA consults on implementing technical standards to facilitate cross-border distribution of funds
Our client briefing, “The final AIFMD cross-border fund distribution package: mapping the changes” published on 22 July 2019, provided a summary of the main changes introduced by Regulation (EU) 2019/1156 on facilitating cross-border d...
Coronavirus - FCA issues draft temporary guidance for firms on motor finance agreements and coronavirus UK
On Friday 17 April 2020, the FCA issued a draft guidance for consultation on temporary forbearance measures to assist motor finance customers facing financial difficulty because of COVID-19. The consultation will close at 5 pm on Monday 20 Ap...
Coronavirus - FCA finalises guidance on temporary financial relief for consumer credit customers - UK
On Thursday 9 April, the FCA confirmed measures to support consumer credit customers facing financial difficulty as a result of COVID 19 on personal loans, credit cards and overdrafts. Measures introduced by the new rules became applicable on Tuesda...
Payment Matters: No. 45
This edition includes: The impact of COVID 19: Regulatory updates Competition and Markets Authority: Open Banking EU Consultation on retail payments strategy for the EU View Details..
FCA Business Plan 2020/21
Introduction The FCA Business Plan 2020/21 is understandably overshadowed by the unfolding COVID-19 pandemic but the FCA has, nonetheless, taken the opportunity to set broader goals and review the way it conducts its business for the years ahe...
Protecting confidential information in an AI-led and augmented reality
Across the banking sector, the Bank of England and the Financial Conduct Authority predict that firms’ utilisation of artificial intelligence (AI) solutions will triple in the next three years (BoE and FCA Joint Report on Machine Learning in U...
FCA review of outsourcing in the life insurance sector
Background and scope of the review On 4th March, the Financial Conduct Authority (FCA) published the findings of its desktop review of outsourcing in the life insurance sector. The review forms part of the FCA’s broader consultation and propos...
Coronavirus - Cayman Ministry announces package relief measures - Global
As COVID-19 continues to cause far reaching disruption, the Cayman Islands’ Ministry of Financial Services issued two Press Releases on 25 and 26 March, putting forward a package of measures designed to mitigate the neg...
Coronavirus - Deferral of initial margin requirements for derivatives announced Global
On 3 April 2020, the Basel Committee on Banking Supervision (“BCBS”) and the International Organization of Securities Commissions (“IOSCO”) issued a statement recommending an extension to Phases 5 and 6 of the initial margin ...
New Defensive Measures for Blacklisted Jurisdictions: What impact will Luxembourgs recent announcement have on Cayman-domiciled funds?
On 30 March, the Luxembourg Government published a new draft law (the Draft Law) which looks set to increase the Luxembourg tax burden for transactions realised with enterprises based in jurisdictions on the EU’s list of “non-cooperative...
Coronavirus - UK Governments economic assistance packages and their availability to financial services businesses - UK
Background The ongoing coronavirus/COVID-19 pandemic has quickly developed into a deep economic crisis of the like never experienced before. Many businesses, including those in the financial services sector, are facing a prolonged period of disrupti...
Coronavirus - Flexibility on SMCR - UK
The FCA and the PRA have issued a joint statement aimed at dual-regulated firms in an attempt to introduce some flexibility in connection with the senior managers and certification regime (SMCR) during the current COVID-19 pandemic. Responding to co...