Uber to reveal details about SoftBank deal next week
SAN FRANCISCO: Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corp as...
Digital payments could bring $1.5 billion windfall to Karachi, says Visa study
KARACHI: Businesses, individuals, and government can stitch up savings of around $1.5 billion from the megapolis of Karachi alone if consumers adapt...
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
Twitter to ban cryptocurrency ads starting Tuesday
LONDON: Twitter Inc will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving...
Major cyberattack cripples banks and corporations globally
Paris: A new and highly virulent outbreak of data-scrambling software — apparently sown in Ukraine — caused disruption across the world Tuesday....
Western Digital clears final obstacle in Toshiba’s chip unit sale
TOKYO: Toshiba Corp and Western Digital Corp have agreed in principle to settle a dispute over the Japanese firm’s plans to sell...
Augere launches LTE services for corporate sector in 11 cities
Augere Pakistan becomes the first Pakistani company to deploy corporate LTE in 11 cities of Pakistan. Currently, LTE service is available to...
Ride-hailing services adding to traffic congestion, clogging streets
BOSTON: One promise of ride-hailing companies like Uber and Lyft was fewer cars clogging city streets. But studies suggest the opposite: that...
President Xi and Trump to help recover China’s ZTE
WASHINGTON: US President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company...
Will the $2.7b fine by EU impact Google’s revenue stream in the region?
San Francisco: Google's parent company Alphabet can easily afford the $2.7 billion write-down it's taking to cover a big antitrust fine in...
Broadcom bid for Qualcomm set to become hostile
SINGAPORE: Chipmaker Broadcom Ltd will take its first formal step on Monday toward a hostile bid to take over Qualcomm Inc, unveiling...
Amazon’s market valuation may surpass Microsoft’s
WASHINGTON: Amazon.com Inc’s shares surged on Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a...
Facebook invests in music-streaming, makes deal with Warner Music
NEW YORK: Facebook on Friday announced a licensing deal with Warner Music, the last of the major label groups to sign with...
Ant Financial raises $10 billion from global and local investors
The fundraising values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016
$4.4m Japanese grant to be used for installation of Facial Recognition Systems at airports
The Japanese government has granted Pakistan $ 4.4 million for installation of  Facial Recognition Systems (FRS) at major airports across the country,...