Jeff Bezos, the founder of Amazon, has unveiled plans to divest up to 50 million shares of the e-commerce giant over the next year, according to a recent regulatory filing. This strategic move, valued at nearly $8.6 billion based on the current stock price, is detailed in Amazon’s annual report as part of Bezos’s compliance […]
The building of Pakistan’s first two-story underpass has officially begun, with the Punjab Caretaker Chief Minister, Mohsin Naqvi, directing the project. It is located in Garden Town, next to Barkat Market. The national hero and world wrestling champion Gamma Pehlawan is honored in this ground-breaking project, appropriately named “Rustam e Zaman The Great Gamma Crossing.” […]
The largest biogas facility in Pakistan was inaugurated in Gujjar Colony, Lahore, marking a significant milestone. This cutting-edge facility has an amazing 600 cubic meters of gas production capacity per day. This plant stands out for its creative approach to producing sustainable energy and managing garbage. The facility will treat 1,600 kg of dung every […]
The recent release of smartphones by Google and Samsung has raised awareness of AI developments and hinted at Apple’s impending entry into this field of technology. After the financial report was released, Apple CEO Tim Cook made a subtle indication that the company would be talking about generative AI projects later in the year during […]
The need of fostering indigenous brands is highlighted in light of Pakistan’s economic difficulties, and Ben Da’ood Studios stands out as a key player in this development. The story of Cheezious, which went from being a little-known novelty in Rawalpindi to becoming a national phenomenon, demonstrates the significant impact of Ben Da’ood’s creative abilities on […]
According to credible sources, the Caretaker Federal Government of Pakistan has taken a major decision to impose a restriction on wheat imports. This action is the result of debates and choices taken by the Economic Coordination Committee (ECC), which is in charge of coordinating the nation’s economic strategies. The ECC made this judgment after taking […]
Pakistan’s inflation rate experienced a decline for the first time in three months, registering at 28.34 percent year on year in January 2024, down from the previous month’s 29.66 percent, according to the Pakistan Bureau of Statistics (PBS). However, on month on month basis, it marked an increase of 1.8 percent over the previous month. […]
This overshadowed overall fiscal first-quarter sales and profit that beat analysts’ targets, powered by iPhone growth, sending Apple shares down 3% in after-hours trade. The results confirmed some analysts’ concerns that the company’s signature product is losing ground in the key Asian market where consumers are buying foldable phones and phones from Huawei, powered by […]
The euro was last up 0.2% at $1.0885, building on Thursday’s 0.49% gain, and the pound was up 0.15% at $1.2761, having jumped 0.43% the previous day. That left the dollar index, which tracks the currency against six main peers, at 102.93, down 0.12% on the day and around a one-week low. The index is […]
The news came as Germany’s biggest bank, seeking to put years of turmoil behind it and focus on steadier retail banking, reported a 30% drop in fourth-quarter profit that still beat analyst expectations. The bank had already announced plans to cut jobs, but this was the first time it had put a number on the […]
