World Business NewsTikTok to invest $3.76 billion in Thailand for data hosting service
The investment will support affiliated companies, with operations expected to begin in 2026, say Thailand's BOI
Jan 29, 2025
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World Business News
World Business NewsOpenAI seeks U.S. partnership to prevent AI technology leaks
OpenAI’s comments follow the White House’s announcement that it is evaluating national security concerns related to China’s DeepSeek AI
Jan 29, 2025
World Business NewsWhite house investigates China’s DeepSeek AI over national security risks
Jan 29, 2025
World Business NewsNvidia stock rises after DeepSeek AI triggers record drop
Nvidia shares rise 2% in Frankfurt after a 17% drop Monday that erases nearly $600 billion in market value
Jan 29, 2025
World Business NewsBiden’s airline fee transparency rule halted by U.S. appeals court
USDOT estimates consumers overpay $543 million annually due to hidden fees, boosting airline revenue
Jan 29, 2025
World Business NewsLVMH considers U.S. production boost amid tax uncertainty in France
U.S.-based factories benefit from tax conditions, while France is proposing additional taxes on large companies to address budget shortfalls, says Arnault
Jan 29, 2025
HeadlinesMepco’s Rs119bn investment plan faces hurdles amid Rs41.8bn financial losses
Nepra questions feasibility as power utility struggles with bill recovery and high line losses
Jan 29, 2025
HeadlinesOver 40% tax filers declare zero income as Pakistan’s tax base remains narrow: report
Only 3,651 individuals report income above Rs100 million; FBR considers new classification for high-value transactions
Jan 29, 2025
HeadlinesPower companies seek NEPRA approval to increase security deposits up to Rs56,111
Public hearing set for February 11; Discos cite financial risks and rising costs
Jan 29, 2025
HeadlinesUSAID halts funding for Pakistan following Trump’s foreign aid freeze
Funding suspension part of 90-day reassessment; Israel and Egypt exempt
Jan 29, 2025
HeadlinesNAB seeks extradition of Malik Riaz, son from UAE under money laundering laws
Authorities approach UAE as Bahria Town chief faces legal challenges
Jan 29, 2025
HeadlinesWorld Bank warns $20bn support insufficient, urges Pakistan to mobilise more resources
Bank’s VP calls for private sector investment to meet development goals
Jan 29, 2025