Business News
-
Snapchat announces to layoff 10% workforce
.
[ad_1] Snapchat logo. — Unsplash Adding to the list of company layoffs, Snapchat in its regulatory filing has announced it will be dismissing 10% of its workforce, approximately 530 employees. The majority of the positions are anticipated to be eliminated in the first quarter, Sky News reported. The filing also revealed that the company has…
-
Jeff Bezos only needs $8 billion to overtake Elon Musk as world’s richest person
.
[ad_1] Elon Musk and Jeff Bezos gesture during separate gatherings. — AFP/File Jeff Bezos is just $8 billion away from surpassing Elon Musk as the richest person in the world with a rise in Amazon stock this year and a decline in Tesla shares. According to the Bloomberg Billionaires Index, the founder and executive chairman…
-
Business leaders demand urgent action on crumbling roads | The Express Tribune
.
[ad_1] KARACHI: Karachi’s business leaders have urgently called for the formulation of a comprehensive master plan to address the city’s deteriorating road infrastructure. Recognising the pivotal role of smooth roads in fostering economic growth, these leaders stress the need for a strategic approach to improve transportation efficiency and accessibility. Well-maintained roads, they argue, are crucial…
-
Quality glitch to delay 737 MAX deliveries | The Express Tribune
.
[ad_1] WASHINGTON/PARIS: Boeing Co said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying some near-term deliveries, after its supplier Spirit AeroSystems discovered two mis-drilled holes on some fuselages. Boeing confirmed the findings in response to a Reuters query after industry sources said an “edge margin”,…
-
Men benefit more from their looks than females at workplace: study
.
[ad_1] A representational image of men and women at a workplace. — Pixabay A new study shows that men benefit more from their looks than females do in the workplace. The study, published in the journal Social Science Quarterly, as reported by CNBC, negated the common notion that females use their looks to their advantage in the workplace.…
-
Businesses see IMF, SIFC holding key to better future | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s progress has long been hindered by political uncertainty, leaving the nation at a critical juncture. However, the upcoming general elections have reignited hope within the business community, anticipating an end to uncertainty and a path towards economic revitalization, regardless of the party or parties that form the post-February 8 government. Yet, they…
-
Developing an Islamic finance benchmark | The Express Tribune
.
[ad_1] KARACHI: With the global Islamic financial sector approaching close to $4 trillion in assets and having surpassed the Rs8 trillion assets milestone in Pakistan, a common question in Islamic finance revolves around the use of conventional benchmarks like Kibor or Libor when pricing an Islamic finance transaction or Sukuk. Considered one of the common…
-
Govt initiates FBR restructuring | The Express Tribune
.
[ad_1] ISLAMABAD: With less than a week before the general elections, the interim government has notified an implementation committee to execute the restructuring of the Federal Board of Revenue (FBR) and has set a tight deadline of 72 hours to finalise a legal package. Chairperson of the Pakistan Stock Exchange and Sui Southern Gas Company…
-
Special passes for Afg-Pak cargo transport | The Express Tribune
.
[ad_1] PESHAWAR: Coordinator Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Ziaul Haq Sarhadi, has suggested issuing special passes to truck drivers transporting cargo goods between Pakistan and Afghanistan. In a press statement released on Friday, Sarhadi said the suggestion is based on streamlining and smoothing of Pak-Afghan trade which recently halted for ten days…
-
Indonesia c bank: No room to cut rates | The Express Tribune
.
[ad_1] PADALARANG: Indonesia’s central bank has room to lower interest rates this year to lift economic growth, but is waiting for the rupiah to strengthen against the dollar, Governor Perry Warjiyo said on Saturday. “If we rush while the global condition is in disequilibrium, the rupiah could weaken and inflation goes out of control,” he…
