Uber posts $1 billion loss in quarter as growth in bookings slows

Revenue for the quarter was $2.95 billion, a 5 percent boost from the previous quarter and up 38 percent from a year ago

FIA instructs banks to bolster their cybersecurity in compliance with global standards

BankIslami admitted that a major amount had been transferred from it by the hackers based in 45 countries

PTCL, Convo collaborate to facilitate Pakistani enterprises

Partnership aims to bring the next-generation employee collaboration and communication solution to Pakistan  KARACHI: Pakistan Telecommunications Company Limited (PTCL) has signed a...

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

Provinces brief Senate on IT plans, developments

ISLAMABAD: All four provinces on Tuesday briefed the Senate’s Standing Committee on Information Technology on the details of projects, development of services and...

Singapore central bank chief warns of risks to data localisation measures

A number of other countries in Asia and elsewhere are pursuing data localization laws as they seek greater control over the internet

Alibaba nets record $30 billion in Singles’ Day haul, but growth rate plunges

Despite the record haul, the annual sales growth rate fell from 39 percent to 27 percent, at the low end of analyst estimates, and the slowest rate in the event’s 10-year history

Turkey to host ‘Blockchain Economy Istanbul Summit’ for crypto investors

The most in-depth blockchain and cryptocurrency conference of the region with the best names of the field in the international arena will...

Twitter cuts suspect users from follower counts again, blames bug

Pop star Katy Perry lost about 861,000 followers, according to social measurement firm Social Blade and Twitter’s own account lost 2.4 million followers

Netflix CEO Hastings says no plans for cheaper India offerings

Netflix currently has more than 130 million subscribers worldwide

Apple finds quality problems in some iPhone X and MacBook models

Apple said displays on iPhone X, which came out in 2017 with a starting price of $999, may experience touch issues due to a component failure, adding it would replace those parts for f

SBP, FIA versions differ on ‘banking fraud’

FIA Cyber Crime Wing has cautioned that security of every Pakistani bank had been compromised because many complaints from various parts of Pakistan were coming in regarding money being transferred via security breach

Hackers steal data from ‘almost all Pakistani banks’: FIA

A cybersecurity service says at least 19,864 debit card details belonging to 22 Pakistani banks are being sold on the dark web

Pakistan re-elected to ITU’s Administrative Council

The re-election is a recognition of the contribution that Pakistan has made in global ICT policy arena ISLAMABAD: Pakistan won a four-year term...

Here’s how OLX makes money. Hint: It’s not just the Ads

The OLX Group is a global online marketplace operating in 45 countries and is in the list of the largest online classified...