Co-founder of Whatsapp exiting Facebook to start non-profit entity
California: Brian Acton, co-founder of WhatsApp, now owned by Facebook will leave the messaging service company to start a new foundation, he...
Bitcoin hysteria settles down as big players muscle into market
Worldwide regulatory crackdown has impacted trading volumes
Telecom companies gearing up for 5G, but will remain a novelty for a while
BARCELONA: The telecoms world is gearing up for 5G, the next generation wireless technology that promises to go beyond phones and link...
New digital exchange seeks to host Islamic finance startups
OneGram also plans to list its own sharia-compliant cryptocurrency on the exchange by mid-September
Haier set to manufacture laptops in Pakistan
Haier Pakistan has added another feather to its cap by becoming the first company in Pakistan to manufacture and produce laptops -...
CPDI Launches Pakistan’s First Budget Tracker Mobile Application
In a ceremony held at Lahore "CPDI Budget Tracker" mobile application has been launched by Centre for Peace and Development Initiatives (CPDI)....
Alibaba annual net profits up 47pc for FY2017/18
BEIJING: Chinese e-commerce giant Friday announced a massive 47 per cent leap in net profit for the fiscal year 2017/18, helped by...
ZTE paid $2.3 billion to US exporters in 2017
In April this year, the Commerce Department found ZTE had violated the terms of last year’s settlement and banned U.S. companies from providing exports to ZTE for seven years. As a result, ZTE suspended its main operating activities earlier this month
Alibaba co-founder Jack Ma to retire: New York Times
Ma, who founded Alibaba in 1999, stepped down as chief executive in 2013. He currently serves as the company’s international face at top political and business events
Facebook takes on Clubhouse, unveils upcoming audio products
Facebook Inc CEO Mark Zuckerberg said on Monday the company planned to launch several audio products, including Clubhouse-style live audio rooms and...
Agri credit disbursement increased to Rs972.6b
KARACHI: Banks have disbursed Rs972.6 billion for the fiscal year 2017-18. The current year’s disbursement is 38.1 per cent higher than the...
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
Karandaaz Pakistan to invest Rs80 million in women-led financial tech startups
KARACHI: Karandaaz Pakistan on Friday stated it is considering investing Rs80 million in women-led financial technology entities.
Its chief executive officer Ali Sarfaraz...
Spotify launches in the Middle East and North Africa
Before the launch in the Middle East and North Africa, Spotify’s music streaming services were available in 65 markets, according to its website
RCCI to hold IT conference in August, promote fintech, e-commerce
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) is going to organise a Financial Technology Conference (FinTech) in August.
The primary purpose...