Uber agrees to divest its South-east Asian operations to Grab
SINGAPORE/SAN FRANCISCO: Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms...
Luxury watchmakers shed reluctance, eye booming online sales
BASEL: A boom in online luxury goods sales is finally convincing high-end watchmakers, long skeptical that customers would pay thousands to buy...
Logging user’s call, text history requires their permission: Facebook
CALIFORNIA: Facebook Inc, responding to reports in some technology industry media that it has been logging users’ call and text history without...
Dropbox shares close up 35pc in biggest tech debut since Snap
NEW YORK: Dropbox shares closed at $28.42, up more than 35 per cent in their first day of trading on Friday, as investors rushed to buy...
Samsung Electronics shareholders approve stock split, as trade wars tension spark worries
SEOUL: Samsung Electronics Co Ltd shareholders approved a stock split on Friday making it easier for retail shareholders to hold shares in...
Dropbox’ valuation driven up by strong demand on IPO
SAN FRANCISCO: Dropbox Inc’s initial public offering, the largest tech stock debut in more than a year, was priced at $21 per...
Trump targets Chinese goods with $60 billion tariffs
WASHINGTON: U.S. President Donald Trump lit a slow-burning fuse on Thursday to launch long-promised anti-China tariffs, but his actions appeared to be...
SBP welcomes entry of non-banks in payment systems
KARACHI: State Bank of Pakistan (SBP) Deputy Governor Riaz Riazuddin said on Thursday the central bank is facilitating the entry of non-banks in the...
Govt gunning to jump from 147th to 50th in ease of doing business: BOI Chairman
LAHORE: Board of Investment (BOI) Chairman, Naeem Y. Zamindar believes Pakistan can achieve a ranking among the top fifty of World Bank’s...
MoIT to boost IT products and services under ‘Digital Pakistan’ policy
ISLAMABAD: Ministry of Information Technology and Telecommunication is making an all-out effort to facilitate IT companies to multiply their exports.
Ministry of IT is...
KeepTruckin raises $50mn for technology expansion
LAHORE:Â KeepTruckin a technology company owned by a Pakistani, Shoaib Makani, has raised $50 million to develop additional products and help it expand,...
SBP, FBR launch online collection of taxes and duties
KARACHI: The State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) today formally launched its online tax collection system. This...
Facebook troubles mount as EU, US regulators swarm in on data leak
LONDON: British privacy regulators are seeking a warrant to search the offices of the political consultancy Cambridge Analytica late Monday following reports...
Alibaba in talks with Rocket Internet to acquire Daraz: Report
LAHORE: Alibaba, amongst the world’s leading e-commerce players is contemplating to purchase Rocket Internet’s online retail unit Daraz in Pakistan.
According to a...
Huawei, postmodern China in microcosm
Coinciding with Deng Xiaoping’s inspired new modernization design to transform People’s Republic of China around 13 years post the Cultural Revolution turmoil,...