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...
Bitcoin hits one-week low of $15,800
TOKYO: Â Bitcoin fell more than 10 percent on Wednesday to a one-week low of $15,800 at cryptocurrency exchange Bitstamp, losing almost one-...
Samsung develops world’s smallest DRAM chip
SEOUL: Samsung Electronics Co Ltd said on Wednesday it has developed the world’s smallest DRAM chip, widening its technical lead on competitors...
Bitcoin’s warnings becoming profound, as regulators warn of risks
LONDON/SINGAPORE: Global financial regulators are beginning to warn the public against the risks of investing in a market that many feel is...
Local computer manufacturers seek government’s support
KARACHI: Local manufacturers of computers seek state patronage starting with a relaxed tax regime to overcome unemployment and save foreign exchange by...
Foodpanda, after the highs, hitting the proverbial trough
In what seems like an almost unbelievable scenario, over the last few months foodpanda has witnessed a 70% decline in orders. According...
CME Group starts Bitcoin futures trading
NEW YORK: CME Group Inc, the world’s largest derivatives exchange operator, began trading bitcoin futures on Sunday, with the contract opening at...
Fired Uber employee’s letter raises questions over Uber’s alleged practices
SAN FRANCISCO: A former Uber security specialist accused the company of dispatching a team of spies to steal its rivals’ trade secrets...
Great year for Wall Street sets stage for multi-billion-dollar IPOs in 2018
NEW YORK: A relentless bull-run in U.S. stock indexes this year has set the stage for a strong IPO market in 2018,...
Bitcoin surges to cross $18,000
LONDON: Bitcoin blasted to another all-time high of almost $18,000 on the Bitstamp exchange on Friday, up 9 percent on the day,...
South Korean bitcoin platforms agree to more trading transparency
SEOUL: A South Korean blockchain association announced on Friday measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in...
Facebook to integrate more videos into user’s newsfeeds
SAN FRANCISCO: Facebook Inc said on Thursday it would begin to promote videos more prominently inside its News Feed, leveraging the social...
PTA to digitize 4 million saving accounts of Pakistan Post
ISLAMABAD: Pakistan Post along with Pakistan Telecommunication Authority and other stake holders has planned to build a road map for digitization of...
Federal Communications Commission repeals net neutrality rules
WASHINGTON: The US Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free...
Careem set to expand operations to 30 new cities in Pakistan
LAHORE: Popular ride-hailing service Careem which operates in more than 10 cities in Pakistan intends to expand its operations to 30 new...