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Euro slides as ECB warns on economic outlook

LONDON: The euro slipped on Thursday after the ECB trimmed its growth forecast for the eurozone because of "mounting uncertainties" from within and outside the region. European Central Bank chief Mario Draghi said risks facing the area were now "moving to the downside", although that did not stop the bank from pulling the plug on its massive emergency crisis-fighting economic stimulus known as quantitative easing (QE). "While Mario Draghi was boxed in by previous announcements about QE, his press conference revealed…

England to host Pakistan series next year before World Cup

LONDON: Pakistan will play against England next year before the World Cup, the England and Wales Cricket Board (ECB) has announced. ECB announced its major match schedule for 2019 which also includes series against Australia and Ireland apart from Pakistan. Pakistan will be England’s first opponents with their tour featuring five One-Day Internationals and a T20 as both countries prepare for the ICC Cricket World Cup which starts on 30 May 2019. 5 May: England v Pakistan T20. Sophia Gardens, Cardiff 8 May: England v…

PCB will continue to hold major tournaments in UAE

DUBAI: The Pakistan Cricket Board (PCB) has announced to continue holding major tournaments and events in the United Arab Emirates. The PCB released a statement on Tuesday stating that it held fruitful discussions with the Emirates Cricket Board (ECB) on matters of mutual interest. Furthermore, the ECB also agreed to a significant reduction of the costs to PCB of holding these tournaments with immediate effect. The ECB will host a T20 and T10 League from Dec 10, 2018 to Jan 10, 2019 when there are no PCB fixtures in…

G20 to work on ‘answer’ to Bitcoin risk

DAVOS: International regulators are looking at the risks poised by cryptocurrencies such as Bitcoin and will work on their response at their next G20 meeting in March, a European Central Bank director said on Friday. “The international community is ... preparing an answer to that and I would expect, for instance, the G20 discussion in Buenos Aires in March to focus very much on these issues,” Benoit Coeure, a member of the ECB’s board, said at an event at the World Economic Forum in Davos. Bitcoin is a virtual currency…