Shell to write down assets again, taking cuts to more than $22bn
LONDON: Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion...
Telenor and Kistpay partner for smartphone financing
The two aim to jointly provide Shariah-compliant instalments for lower and middle-income customers
LCCI pays homage to golden jubilee members
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Saturday organised a ceremony to recognise the services of its Golden Jubilee Members, who have...
PM meets US companies’ reps, vows investor facilitation
ISLAMABAD: Prime Minister Imran Khan said on Tuesday that the government was fully committed to extending all-out facilities to the local and foreign investors.
Talking...
China’s Lenovo revenue falls for third consecutive quarter as PC demand slumps
China's Lenovo Group Ltd (0992.HK) on Wednesday reported a 24% fall in revenue for the January-March quarter, meeting market expectations, as demand for personal computers...
Exclusive: China invites global investors for rare meeting as economy sputters
China's financial regulators have invited some of the world's biggest investors to a rare symposium next week, three sources said, seeking to encourage foreigners...
Marks & Spencer faces £87.6m loss as Covid-19 hits clothing sales
LONDON: Britain's Marks & Spencer swung to a first-half pre-tax loss of £87.6 million ($113.43) in the first half, its first loss, as Covid-19...
Amazon launches online pharmacy in new contest with drug retail
Amazon.com Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens,...
Canadian investors urged to explore Pakistan’s budding market
ISLAMABAD: Foreign Secretary Tehmina Janjua on Thursday invited the Canadian businesspersons to explore the budding market of Pakistan.
In a telephonic conversation with Canadian Deputy Minister...
KP businessmen demand immediate release of income tax refunds
PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) on Saturday demanded the Federal Board of Revenue (FBR) to immediately release income tax refunds...
Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout
China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil,...
Former central bank chief warns debt restructuring for Pakistan will be “very difficult”
According to an article in Dawn, former governor of the State Bank of Pakistan (SBP), Dr Reza Baqir, has warned that debt restructuring for...
Businessmen lament power tariff hike, seek immediate withdrawal
ISLAMABAD: Expressing grave concerns over continuous hikes in power tariff, the Islamabad Chamber of Commerce and Industry (ICCI) has said that the cost of doing...
Twelve foreign recruitment firms blacklisted in Pakistan
ISLAMABAD: The Bureau of Emigration and Overseas Employment (BEOE) has barred 12 foreign recruiting firms from hiring Pakistani workforce due to non-compliance with employment code,...
Meta lays off tech teams, battering employee morale
Meta Platforms Inc (META.O) on Wednesday carried out another round of job cuts, this time hitting engineers and adjacent tech teams, as Chief Executive Mark...
