Buffett eager to utilise $86 bln cash pile, top his largest takeover
Warren Buffett’s career is filled with splashy takeovers that cost billions -- as in $10 billion or $20 billion or $30 billion.
But $100 billion?...
Softbank-Saudi tech fund becomes world’s biggest with $93b of capital
The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it...
ICSID accepts Pakistan’s evidence in Reko Diq mining contract, claims AG
Attorney General of Pakistan, Ashtar Ausaf has claimed that the International Centre for Settlement of Investment Disputes (ICSID) has accepted Pakistan’s evidence...
ICSID rules against Pakistan in the Reko Diq gold-cum-copper mine project
An arbitration tribunal of the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) has ruled against Pakistan in the Reko...
Pakistan and Iran to reopen banking channels
State Bank of Pakistan (SBP) and the Central Bank of Iran (CBI) are expected to sign an agreement in the next week...
Energy market seen as vulnerable to prolonged Gulf crisis
Kuwait City: While the Gulf's bitter diplomatic crisis is unlikely to affect energy prices in the short term, a prolonged rift that...
Preparations for Hannover Messe 2017 nearing completion
Engineering Development Board (EDB), Ministry of Industries and Production have informed that the preparations for the upcoming Hannover Messe-2017 Germany scheduled to...
Squelched by Twitter, Trump seeks new online megaphone
BOSTON: One Twitter wag joked about lights flickering on and off at the White House being Donald Trump signaling to his followers...
China’s Xiaohong likely to replace Liepach as ADB country director to Pak
The Asian Development Bank (ADB) has nominated China’s Xiaohong Yang as the country director to Pakistan, media sources have reported. The step...
EU reaffirms strong support on key issues in Pakistan
BRUSSELS: The 8th meeting of the EU-Pakistan Joint Commission and its Sub-groups on governance and democracy; trade; and development cooperation was held...
ADB appoints first woman country director Xiaohong Yang to Pakistan
The Asian Development Bank (ADB) has appointed China’s Xiaohong Yang as new Country Director for Pakistan.
According to ADB press statement, Yang, who...
Investors in Bahrain wish to establish economic ties with Pak: Ambassador Malik
MANAMA: Pakistan-Bahrain Joint Holding Company has been established to improve trade between the two countries and increase investment opportunities.
“The traders and investors...
Still hoping: Indonesians await news of relatives on missing plane
JAKARTA: “Bye bye family. We’re heading home for now,” Ratih Windania posted on Instagram from Jakarta’s airport with pictures of three laughing...
Facebook to deploy AI capabilities in combating terrorism on its network
San Francisco: Facebook has started deploying its artificial intelligence capabilities to help combat terrorists' use of its service.
Company officials said in a blog...
Indonesia confident on finding second ‘black box’ of crashed plane
JAKARTA: Indonesian divers believe they are close to finding the cockpit voice recorder of a Sriwijaya Air jet that plunged into the...