Nissan considering 20,000 job cuts amid Covid-19
TOKYO: Nissan Motor is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on...
Wall Street ends mixed as China-US tensions weigh
Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-US tensions...
American billionaires see wealth balloon $434 billion amid Covid-19
Washington: The fortunes of US billionaires rose 15 percent in the two months since the coronavirus pandemic hit, a study found, with...
Negative pricing seen spreading from oil to gas
LONDON: Almost a month after US crude oil prices collapsed into negative territory for the first time, European gas markets are facing...
PIA to conduct transparent inquiry into plane crash incident: CEO
KARACHI: Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Air Marshal Arshad Malik on Friday vowed that a transport inquiry would be conducted...
Coronavirus: Chinese retail giant Alibaba sees ‘recovery’ after virus
Chinese e-commerce giant Alibaba said it has seen a "steady recovery" in the country since March, but warned that the path to...
IMF says committed to supporting Pakistan amid corona crisis
WASHINGTON: The International Monitory Fund (IMF) stated on Friday the extended fund facility, which was signed with Pakistan before the coronavirus crisis,...
BoI recommends additional incentives for SEZ developers
ISLAMABAD: The Board of Investment (BoI) has devised a plan to give incentives to the developers and enterprises of the special economic...
Mango exports likely to drop 40pc amid climate change, corona outbreak
Low production of mangoes owing to climatic change and imposition of global lockdowns due to Covid-19 has led to a sharp decline in the demand of Pakistani mangoes
Alibaba’s sales surge as people shop online during lockdown
Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the...
Bruised, not broke: PCB lines up plans to shore up finances
The Pakistan Cricket Board is hoping for the best and preparing for the worst as it seeks to mitigate financial setbacks stemming...
PSMA rejects sugar inquiry report, doubts commission’s intent
Chairman says report only shows 'technical and accounting incompetence' of commission members
Japan lifts ban on animal casing imports from Pakistan
ISLAMABAD: Following recent successes in the removal of restrictions from the import of rose petals and easing of inspection regime for mangoes...
Weekly inflation up 0.66pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on May 21 witnessed an increase of 0.66 per cent,...
India’s central bank cuts lending rate to 4pc to aid economy
NEW DELHI: India’s central bank on Friday cut its key interest rate to 4pc to counter the blow to the economy from...