Amazon terminates plan for office tower in Seattle over proposed tax

Amazon has said it will spend more than $5 billion and create up to 50,000 jobs in the city it chooses for its second headquarters, to be announced this year

Smartphone maker Xiaomi submits documents for Hong Kong IPO

Beijing-based Xiaomi is the world’s fourth-biggest smartphone maker by shipment volume, according to International Data Corp

Apple betting on services to help fuel growth

Apple services segment faces margin, competitive challenges

Cambridge Analytica goes ‘kaput’ as business collapses

Cambridge Analytics earlier this year was alleged of the improper use of data of 87 million Facebook users

Pakistan’s first ‘smart wheelchair’ aims to facilitate differently-abled

The electric wheelchair can be operated through smartphones, voice commands

Whatsapp co-founder exits in loss of privacy advocate at Facebook

Facebook has battled European regulators over a plan to use WhatsApp user data, including phone numbers, to develop products and target ads

T-Mobile, Sprint to form ‘new company’: CEO

US wireless operators Sprint and T-Mobile will form a new company and push development of a super-fast 5G network, the head of...

Iran local cryptocurrency project on track despite ban by central bank

DUBAI: Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country’s central bank banned trading...

Prime price ‘hike’ expected to rake in extra $1b revenue for Amazon

The 20 percent hike was the second time Amazon had increased its Prime subscription fee since the launch of the service in 2005

Google must take greater responsibility: Sergey Brin

Alphabet’s primary unit, Google, has become a top target in Silicon Valley for regulators, authorities and critics in advertising and media

Budget 2018-19: 21 types of computer part imports to be exempted from tax

Duty on import of fiber optic cable reduced to 10 percent from 20 percent in the federal budget 2018-19

Brokerages predict Amazon market cap could cross $1 trillion in value

*Investors have been debating for months which of the United States’ tech sector heavyweights - Alphabet Inc, Apple Inc and Amazon - would be first to top a $1 trillion

Bitcoin hysteria settles down as big players muscle into market

Worldwide regulatory crackdown has impacted trading volumes

Amazon reports bumper profits, raises prices for US Prime subscribers

WASHINGTON: Amazon.com Inc more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer raised...

Economic Survey 2017-18: Telecom sector revenues touched Rs235.5 billion in FY 2017-18

Until the end of February 2018, Pakistan’s total mobile broadband subscribers stood at 53.5 million.