ZTE proposes $10.7 billion financing plan, new board

On Wednesday, ZTE shares plunged a record 41 percent in Hong Kong and 10 percent in Shenzhen, wiping out almost $3 billion off embattled ZTE’s market value, as it resumed trading after being suspended for almost two months due to the U.S. ban

Cryptocurrency tether used to inflate Bitcoin prices, study reveals

Bitcoin soared last year, peaking at nearly $20,000 in December, before the price collapsed. It was at $6,624.45 on Wednesday afternoon

‘Mystri’ app connecting workshops with car owners 

LAHORE: One of the largest internet broadband and cable provider in the country, Wateen, has recently stepped into the e-commerce and digital domain, launching...

Investors wipe $3 billion off China’s ZTE as U.S. settlement sinks in

The Hong Kong-listed shares of ZTE slid as much as 41 percent to HK$14.98, their lowest in a year, following a two-month trading suspension.

Bitcoin nosedives to two-month low as downtrend continues

So far in 2018, bitcoin is down nearly 53 percent, after soaring more than 1,300 percent last year

ZTE settlement details revealed, ban still in force

Under the settlement, ZTE will pay a total civil penalty of $1.7 billion, including $361 million already paid as part of a March 2017 agreement, the $1 billion fine and the $400 million that will go into escrow

Facebook admits to sharing user data with select companies

The companies had access to the data during a stretch of time in 2015 after Facebook had locked out most developers who build apps that work on its social network.

ZTE averts closure, agrees to pay $1 billion fine and management revamp

Under the new agreement, ZTE must also retain a compliance team selected by the Commerce Department for 10 years. The company already has a U.S. court-appointed monitor

NIC Lahore extends application deadline for 2nd batch of startups

LAHORE: The National Incubation Centre (NIC) Lahore is now accepting applications for its 2nd batch of entrepreneurs aiming to make it big through their...

Apple focuses on speed, parental controls in iOS 12

Apple also rolled out group video chat sessions with up to 32 users, putting it in direct competition with companies such as Cisco Systems Inc and Microsoft Corp’s Skype

Rozee, Finja launch Pakistan’s first bug bounty program

KARACHI: Pakistan’s largest online job portal Rozee.pk and fintech company Finja, have launched the country’s first formal bug bounty program, Profit learned on Monday. “Within hours we received our...

U.S. may soon claim up to $1.7 billion penalty from China’s ZTE

American companies provide an estimated 25 percent to 30 percent of components in ZTE’s equipment, which includes smartphones and gear to build telecommunications networks

Apple to introduce phone-to-phone augmented reality at WWDC

Apple designed its two-player system to work phone-to-phone in part because of those privacy concerns

Apple to use OLED screens in all iPhone models from 2019

Japan Display's stock was down 10 percent at the end of Tuesday’s morning session, giving it a market value of about 105 billion yen ($965 million)

OLX, CarFirst set to join hands

OLX has globally invested $89 million in CarFirst parent company, Frontier Car Group

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Don’t cast your vote before you’ve seen these WhatsApp leaks

Two fictional characters each representing the PTI and PML-N, engage in an enlightening WhatsApp conversation that can help prospective voters make the key decision at the ballot box.

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China to extend support through short term loans

It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.