Walmart in talks to purchase 40pc share in India’s Flipkart
MUMBAI: Walmart Inc is in talks to purchase a stake of more than 40 percent in Indian e-commerce firm Flipkart, a direct...
Wall Street, Silicone Valley observe as Spotify goes public
NEW YORK: Spotify Technology's unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are...
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.
Govt considering to setup incubation centre in Quetta
Islamabad:Â The government has planned to set up a National Incubation Centre (NIC) in Quetta with the aim of promoting entrepreneurship in Pakistan,...
Nasdaq partners with SEB to test blockhain for mutual funds
New York: Â Exchange group Nasdaq Inc and Nordic financial services group SEB have teamed up to test a blockchain-based mutual fund trading...
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...
Margin finance system to be revamped, launched by May’s end
The modified version of margin financing system would be launched by the end of May and investors at the Pakistan Stock Exchange...
End of an era for Yahoo as Verizon completes $4.48b acquisition
New Jersey: Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa...
Vivo commits to invest $30m in Pakistan
Lahore: Vivo has committed to investing $30m in Pakistan with the intention of becoming the country’s number one smartphone company.
In China, Vivo...
Japan’s corporate regulator to investigate more cryptocurrency exchanges
TOKYO: Japan’s financial regulator will this week launch on-site checks of several cryptocurrency exchange operators potentially vulnerable to cyber-attacks, and may widen...
China court bans iPhone sales in patent dispute Â
WASHINGTON:Â A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chipmaker Qualcomm and Apple,...
Uber’s misery continues amidst data breach revelation
SAN FRANCISCO/TORONTO: A newspaper advertisement for an Uber Technologies Inc stock sale was juxtaposed on Wednesday with a report that the ride-service...
Hackers steal $64mn from cryptocurrency firm NiceHash
LJUBLJANA: A Slovenian cryptocurrency mining marketplace, NiceHash, which lost about $ 64 million worth of bitcoin in a hack on its payment...
Telenor launches Pakistan’s first Virtual Mobile Switching Station
KARACHI: Getting closer to its network virtualisation goals, Telenor Pakistan has launched the country’s first Virtual Mobile Switching Station (vMSS) on its newly...
Facebook suspends data analytics firm involved in Trump’s election campaign
CAMBRIDGE: Facebook on Friday said it was suspending political data analytics firm Cambridge Analytica, which worked for President Donald Trump’s 2016 election...