Brokerages predict Amazon market cap could cross $1 trillion in value
*Investors have been debating for months which of the United States’ tech sector heavyweights - Alphabet Inc, Apple Inc and Amazon - would be first to top a $1 trillion
Bitcoin hysteria settles down as big players muscle into market
Worldwide regulatory crackdown has impacted trading volumes
Amazon reports bumper profits, raises prices for US Prime subscribers
WASHINGTON: Amazon.com Inc more than doubled its profit on Thursday and predicted strong spring results as the world’s biggest online retailer raised...
Economic Survey 2017-18: Telecom sector revenues touched Rs235.5 billion in FY 2017-18
Until the end of February 2018, Pakistan’s total mobile broadband subscribers stood at 53.5 million.
AI-based robots a gamechanger for businesses in Pakistan
ISLAMABAD: With the modernisation of business technology, even small and medium-sized companies can effortlessly integrate robots into their day-to-day operations and service...
Facebook’s financials improve, despite data scandal
NEW YORK: Facebook shares rose on Wednesday after the social network reported a surprisingly strong 63 per cent rise in profit and...
Barclays, PayPal announce partnership, as big banks mull big tech threat
LONDON: British bank Barclays and digital payments firm PayPal have announced a partnership that will see them explore ways to combine their...
Following ZTE, Huawei faces investigation for violation of U.S sanctions
NEW YORK/LONDON: U.S. prosecutors in New York have been investigating whether Chinese tech company Huawei violated U.S. sanctions in relation to Iran,...
NTC to build Pakistan’s first ‘G-Cloud’
ISLAMABAD: VMware Inc, a leading innovator in enterprise software, signed an agreement with the National Telecommunications Corporation (NTC). The agreement will enable...
Xiaomi to limit income from hardware business at 5 percent, as IPO looms
BEIJING: Chinese smartphone and smart device maker Xiaomi will cap income from its hardware business at 5 percent of after-tax profits starting...
Google unveils new Gmail redesign , looks to lure away customers from Microsoft
SAN FRANCISCO: Alphabet Inc’s Google unveiled on Wednesday its first Gmail redesign since 2013, capping what the company says was expensive overhaul...
Who is to blame for Careem’s criminal data breach?
Over the past one year, Pakistani security researchers warned the ride-hailing giant about the security flaws that could result in a cyber-attack.
Apple hires Samsung’s executive for South Korea
LAHORE: Apple has appointed Brandon Yoon, a veteran Microsoft executive and most recently a vice president at Samsung Electronics as the new...
Careem hacked, millions targeted in major cyber attack
In a major development, Careem, the popular ride-hailing service operating in the Middle East, North Africa, Turkey, and Pakistan, through a security...
Tech startup from Karachi wins Rs1mn in StartUp Cup
LAHORE: The fourth edition of the 2017-18 StartUp Cup, funded by the United States was won by a team from Karachi, Retailistan, that beat 17 other...