TechItaly’s Moltiply sues Google for €2.97 billion over market dominance
Moltiply alleges that Google hindered the growth of its subsidiary 7Pixel by prioritizing its own Shopping service in search results
May 9, 2025
Monitoring Report
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EconomyApril remittances hit $3.2bn, up 31% YoY despite monthly dip
Cumulative inflows for FY25 rise to $31.2bn; full-year remittances expected to exceed $38bn, says SBP
May 9, 2025
World Business NewsChina says it has full confidence to manage U.S. trade tensions
The comments come ahead of U.S.-China trade talks in Switzerland, seen as a step toward resolving the ongoing trade conflict
May 9, 2025
AutomobileNissan cancels $1.1B battery plant in Japan
Nissan says it is scaling back its ambitions in the domestic market as part of broader efforts to improve performance
May 9, 2025
World Business NewsCrypto industry loses momentum as US Senate rejects stablecoin legislation
The sector invests $119M in pro-crypto candidates and frames the issue as bipartisan. 60 votes are required to advance, with only 49 in favour
May 9, 2025
TechCFPB drops Biden-era oversight of Google’s nonbank financial platform
Bureau’s involvement would have been “an unwarranted use of the Bureau's powers and resources, says CFPB Director
May 9, 2025
HeadlinesIsraeli Harop drones downed by Pakistan inflict $17.5 million loss on India
Each Harop drone costs approximately $700,000 or PKR 197.4 million
May 9, 2025
HeadlinesGlobal shipping firm imposes ‘Emergency Operational Recovery Surcharge’ on Pakistan trade amid rising tensions
Several shipping companies are now contemplating suspending direct calls to Pakistani ports due to the escalating risk of war, sources say
May 9, 2025
World Business NewsGulf stock markets mixed as earnings and trade talks weigh on investor sentiment
Earnings reports and trade tensions ahead of U.S.-China talks drive mixed sentiment across Gulf markets.
May 8, 2025
World Business NewsUS tech leaders stress need for infrastructure investment to maintain AI edge over China
Executives from OpenAI, Microsoft, and AMD urge Congress to bolster AI chip exports and infrastructure to stay ahead in the global race.
May 8, 2025
HeadlinesFCCI President urges tariff reforms in meeting with Commerce Minister
Rehan Naseem Bharara calls for export-oriented trade associations' representation in policy-making boards during meeting with Federal Minister for Commerce.
May 8, 2025
HeadlinesSBP reserves gain momentum with $118m weekly rise
Steady recovery continues as total foreign reserves cross $15.4bn
May 8, 2025