BMW, Daimler pool resources on automated driving technology
The market for autonomous vehicles is expected to grow to $96bn in 2025 and $290bn in 2035
FRANKFURT: Daimler and BMW deepened...
Oil prices stable but increasing US supply looms
Brent crude futures, the international benchmark for oil prices, were at $77.24 per barrel at 0317 GMT, a notch below their last close
China offers to buy 5pc equity stake in Saudi Aramco
Beijing: China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi...
Nepra deprived of legal power in absence of two members
At present, Nepra has only two members from Balochistan and Punjab respectively in the five-member authority
PM chairs meeting on net hydel profits; issue amicably resolved
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a high-level meeting on the issue of net hydel profits here at the PM’s Office...
Trump readies tariffs on $200 billion more Chinese goods despite talks: source
Trump, who had already imposed 25 percent tariffs on $50 billion of Chinese goods, said a week ago that he would be adding tariffs on another $200 billion in goods
Asian stocks slip due to high yields, as oil prices remain high
SYDNEY: Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world’s largest corporations while keeping a...
Industries secretary lauds Indus Motor Company’s practices
KARACHI
“Indus Motor Company (IMC) sharing its experiences within and outside the company is encouraging, and we can move on the path of...
IP gas pipeline implementation to be reviewed in next financial year 2018-19
The 56-inch pipeline would start from the onshore gas processing facility at Assaluyeh in Iran to transverse a distance of 1,150km up to the Iran-Pakistan border
Asia’s surging fuel exports depress refining industry profits
Since 2006, the Asia-Pacific has been the world’s biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India
General Electric to pay $57m for missing French job target: ministry
PARIS:Â General Electric is to pay 50 million euros ($57 million) for failing to meet a job creation target agreed when it took...
Oil prices edge lower, as Iran supply worries loom
Global benchmark Brent crude futures were down 29 cents, or 0.4 percent, at $74.45 a barrel by 0302 GMT, after rising 1 percent on Thursday
RLNG power plants: Legal hitches in privatisation process to be resolved soon
LAHORE: Federal Minister for Privatisation Mohammedmian Soomro and Punjab Law Minister Raja Basharat discussed legal matters relating to the privatisation of power...
From zero to hero: Physical oil rally might be short-lived
LONDON: From Kazakhstan to the North Sea and the US, physical crude has jumped in value in recent days, but the rally...
U.S. oil edges up after 3 percent drop on big stock build
Signs that Iranian oil exports have been falling more steeply than some in the market expected amid looming U.S. sanctions have underpinned the oil market