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ICC confident about teams touring Pakistan for 2025 Champions Trophy

India team’s participation in the ‘2025 Champions Trophy’ in Pakistan is a challenging issue for ICC but the world governing body said it is confident all teams will travel to the country for the tournament. 

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ICC confident about teams touring Pakistan for 2025 Champions Trophy
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Dubai: The International Cricket Council (ICC) has awarded the hosting rights of the 2025 Champions Trophy to Pakistan. The apex body is confident that teams will have no reservations.

It will mark the return of major cricketing event to Pakistan after more than two decades.  

India team’s participation in the ‘2025 Champions Trophy’ in Pakistan is a challenging issue for ICC but the world governing body said it is confident all teams will travel to the country for the tournament. 

International sides have largely steered clear of Pakistan since an attack by Islamist militants on the Sri Lanka team bus in Lahore in 2009 that killed six policemen and two civilians. 

The 50-over tournament will be the first ICC event hosted by Pakistan since it shared the 1996 World Cup with India and Sri Lanka and last week’s announcement came as a big boost after England and New Zealand pulled out of tours there in September.

ICC chairman Greg Barclay told reporters, “We wouldn’t have awarded the event if we didn’t think Pakistan was capable of hosting it”.

“I’m sure, as with all countries, they will put together appropriate security plans to deliver the event. We’re comfortable and confident it will go ahead,” he added.

There were fears the decisions by New Zealand and England would again dampen the prospects of international cricket in Pakistan but Australia confirmed this month they would tour next year for the first time since 1998. 

However, the prospects of India travelling to Pakistan for the first time since the 2008 Asia Cup remain unclear.

India hosted Pakistan in a bilateral series in 2013 but the arch-rivals of subcontinent rarely meet outside global tournaments these days. 

Pakistan played in India at the 2011 World Cup as well as the T20 World Cup in 2016. 

Mehak Javed

Mehak Javed is immensely creative and an enthusiastic journalist, contributing in the publication of timely and accurate news. She is a skilled writer along proven history of achievement in the field with several years of professional experience. Mehak is working with GNN since 2020.

Business

Inflation rate in Euro Zone rises to a record high for November

Higher energy prices contributed the most to the latest inflation reading.

Published by Faisal Ali Ghumman

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Inflation rate in Euro Zone rises to a record high for November

The euro zone’s inflation rate has risen to a record high in November, preliminary data showed Tuesday, prompting further questions about what the European Central Bank will do next with its monetary policy.

Headline inflation came in at 4.9% for the month, compared to the same month last year. This was above a consensus forecast of 4.5% from Reuters and was higher than October’s 4.1%. The figure was the highest on record in the 25 years that the data has been compiled.

According to Europe’s statistic office, Eurostat, energy is on track for its highest annual price rise in November at 27.4%, from 23.7% in October.

The data comes at a time when policymakers are waiting for more data on a new Covid-19 variant, omicron, which was reported for the first time last week in southern Africa.

The travel restrictions implemented in the wake of the new variant are raising concerns about how economies could suffer. Experts argue that societies are better equipped to deal with the virus now compared to the first Covid lockdowns, but market players have been on edge with the prospect of further restrictions.
ECB
Nonetheless, consumer prices rose once again in the euro zone off the back of higher energy costs and supply chain issues.

In Germany — a country historically scared of high inflation — the inflation rate hit a 29-year high in November. They were up by 6% from a year ago, as measured by the harmonized index of consumer prices.

The trend is the same in France, where the inflation rate reached 3.4% in November, the highest reading since 2008.

The question going forward is how the ECB will square the high inflation readings with uncertainty over the pandemic.

ECB Vice President Luis de Guindos said last week that the central bank still plans to end its emergency bond purchases program in March. However, market players want to know how the central bank will be adjusting its other tools.

“The Omicron variant has increased the level of uncertainty even further but for now we suspect that it will have a fairly small impact on inflation,” Jack Allen-Reynolds, senior Europe economist at Capital Economics, said in an emailed note to clients.

On the other hand, Rupert Thompson, chief investment officer at wealth manager Kingswood, said the latest figures make it more likely that the ECB will have to reduce monetary stimulus.

“Euro zone inflation now looks set to remain well above the ECB’s 2% target for much of next year and these numbers will make it all the harder for the central bank to justify continuing its QE [quantitative easing] program and holding off on any rate rise before 2023,” he said.

In addition, Charles Hepworth, investment director at GAM Investments, said: “It may be wishful thinking on the part of ECB President Lagarde when she declares that price pressures won’t run out of control – they already are and it’s difficult to follow the argument that it will abate soon.”

SOURCE: CNBC

 

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Pakistan grab second spot in ICC Test Championship rankings

Pakistan won the first Test against Bangladesh by eight wickets

Published by Siddra Sumreen

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Pakistan grab second spot in ICC Test Championship rankings

Dubai: Pakistan grabbed 2nd position in the International Cricket Council's Test Championship ranking following a marvelous victory over Bangladesh by 8 wickets in Chittagong Test.

According to details, Pakistan National Cricket Team have surpassed India National Cricket Team to become the No.2 ranked side in the ICC World Test Championship (WTC) 2021-23 points table.

Sri Lanka is at the top of the points table in the Test Championship while Pakistan has played 3 matches, won 2 and lost 1 match.

Pakistan has won two series under the championship, India is on the third spot on the points table and West Indies is on fourth.

Similarly, the winner of the first Test Championship New Zealand bagged fifth place and England is on sixth spot.

The second Test between Pakistan and Bangladesh will start from Saturday in Dhaka.

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13 Belenenses players contract Omicron variant; 44 quarantine 

As many as 44 players and staff at Belenenses are now quarantining while Benfica has not taken the same steps due to what it calls low-risk for getting the virus from their opponents.

Published by Mehak Javed

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13 Belenenses players contract Omicron variant; 44 quarantine 

Thirteen players at Portuguese club Belenenses have tested positive for the newly discovered COVID variant ‘Omicron’, upon return from national team duty in South Africa.

As many as 44 players and staff at Belenenses are now quarantining while Benfica has not taken the same steps due to what it calls low-risk for getting the virus from their opponents.

It has now been confirmed all 13 players have the Omicron variant, first detected in South Africa last week.

The players, reportedly, wanted to cancel the game, but officials pressed forward with the contest. 

Meanwhile, Portugal’s health authorities are also sequencing the viruses from two passengers who tested positive for COVID after flying in from Maputo, Mozambique. 

Portugal’s health institute INSA, said in a statement that “there is still no scientific data to support [the Omicron variant’s] greater transmissibility or its ability to reduce the effectiveness of current vaccines.”

The World Health Organization (WHO), has declared the new strain a ‘variant of concern’.

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