NED Karachi alum Raghib Husain’s company acquired by Marvell for $6 billion
LAHORE: Another milestone of considerable magnitude has been achieved by Raghib Husain, a Pakistani-American co-founder of Cavium which was recently acquired by chip-maker...
Japan threatens WTO action over Pakistan’s auto export policy
Car manufacturers cite high tariffs, lack of FTAs, and a small market for right-hand drive vehicles as reasons for their export challenges
Instagram not an instant fix for ailing Facebook
The social media company suffered the biggest one-day wipeout in U.S. stock market history, losing more than $120 billion in market capitalization as shares fell 19 percent a day after executives forecast years of lower profit margins due to regulatory pressure over privacy.
Toyota speeds up electric vehicle schedule as demand heats up
'Toyota is now faced with a higher-than-expected demand for cars that use batteries, rather than gasoline'
TOKYO: Toyota Motor Corp aims to get...
Lira collapse leaves Turks bewildered
ANKARA: Anxious Turks struggled to keep up with a bewildering collapse in their currency and the main opposition party leader said the...
Singapore stops teachers using Zoom app after ‘very serious incidents’
SINGAPORE: Singapore has suspended the use of video-conferencing tool Zoom by teachers after “very serious incidents” in the first week of a...
First rail network opens between Iran and Afghanistan
HERAT: An Iranian goods train carrying tonnes of agricultural products chugged into a western Afghan province Thursday as the two countries marked the...
Huawei applies to trademark its own operating system after US ban
LIMA/SHANGHAI: China's Huawei has applied to trademark its "Hongmeng" operating system (OS) in at least nine countries and Europe, data from a...
Saudi NCB to takeover Samba Financial for $15.6bn
The National Commercial Bank (NCB), a large Saudi bank, offered to pay as much as $15.6 billion to acquire rival Samba Financial...
US warns India against retaliatory duties over scrapping of trade privileges
NEW DELHI: Any retaliatory tariff by India in response to the United States’ planned withdrawal of trade privileges will not be “appropriate”...
Amazon offers employees $10,000 to quit, launch delivery business
WASHINGTON: Amazon announced Monday it was offering employees $10,000 to quit their jobs and become independent package delivery entrepreneurs as the online giant...
Unilever sales, profits slump as London move looms
THE HAGUE: Anglo-Dutch consumer giant Unilever Thursday revealed a drop in both sales and profits in the first half of 2018, saying...
Tesla launches cheaper variant of Model Y SUV
Tesla Inc launched a cheaper variant of the Model Y, bringing its sports utility vehicle’s price closer to that of its Model...
How Arif Naqvi’s fall from grace put Abraaj on brink of bankruptcy
Abraaj filed a petition in the Cayman Islands, requesting the court to appoint PwC as their provisional liquidator
Moiz Ali, Harvard alum sells Native Deodorant to Procter & Gamble for $100 million
LAHORE: Moiz Ali, owner of San Francisco-based Native Deodorant brand has sold his company to Procter & Gamble for $100 million.
Moiz Ali, studied...