Apple tender’s apology for deliberately ‘slowing’ down iPhones
SAN FRANCISCO: Apple apologized for secretly slowing down older iPhones, a move it said was necessary to avoid unexpected shutdowns related to...
Softbank purchases 15 percent stake in Uber
NEW YORK: A group led by Japanese technology conglomerate Softbank has acquired a major stake in Uber, potentially tamping down internal warfare...
MoIT to boost IT service, software exports
ISLAMABAD: Ministry of Information Technology and its departments are steadfastly committed to providing an enabling environment for the industry to boost exports.
According...
Apple ‘docked’ as lawsuits ensue over deliberate slowing down of iPhone’s
SAN FRANCISCO: Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits...
CarFirst: Reinventing the used car trade through technology and infrastructure creation
With online traction gaining strength in almost every segment of the economy, the buying as well as selling of cars have also...
Cryptocurrencies should only be traded by professional investors, says: Russian Finance Minister
MOSCOW: Russian Finance Minister Anton Siluanov said on Monday that cryptocurrencies should be traded only by professional investors, not in the mainstream.
“Professional...
Amazon acquires security camera maker, Blink for undisclosed price
BOSTON: Amazon has bought an Andover, Massachusetts-based company that makes internet-connected doorbells and security cameras.
Blink announced on its website Friday it was...
Bitcoin is a smoking gun, but wild swings continue
NEW YORK: What’s a bitcoin worth? Lately nobody knows for sure, but after a wild ride on Friday, it’s worth a good...
GoSafr, a women focused ride-hailing app set to launch by end-2017
LAHORE: GoSafr, a women-focused ride-hailing app is set to launch its services in Pakistan by end of 2017.
This app has been developed...
Blockchain empowers energy markets, as adoption widens
SINGAPORE: Â Energy startups have been using blockchain to power electricity sharing in microgrid trials from Texas to Tasmania for a year or...
Bitcoin plummets 30 percent to below $12,000
NEW YORK: Bitcoin plunged by 30 percent to below $12,000 on Friday as investors dumped the cryptocurrency after its sharp rise to...
Facebook, UMG sign multi-year licensing deal
CALIFORNIA:Â Facebook Inc and Universal Music Group on Thursday announced a global agreement that will enable users to upload videos featuring music from...
Bitcoin falls 11 percent to below $14,000
TOKYO: Bitcoin fell more than 10 percent to below $14,000 on the Bitstamp exchange on Friday, extending overnight losses.
It was last down...
Xiaomi set to cross 2017 revenue target, as IPO talks loom
HONG KONG: Chinese smartphone maker Xiaomi Inc has told bankers it would top its annual revenue target by as much as 18...
Bima raises $96.6 million from Allianz X to expand micro-insurance services
LAHORE: Bima, a seller of microinsurance services which includes Pakistan among its fourteen markets has raised $96.6 million in strategic investment from...