Business News
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Homelessness peaks in rural England as living costs stress poor
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[ad_1] A person sitting on a street in England. — AFP/File The number of homeless people in rural England has increased by 40% in the past five years, with many of them sleeping outside in tents or improvised shelters as per a British rural charity. Fuelled by high inflation, a cost-of-living crisis in the sixth-biggest…
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KSE-100 nosedives by over 2,000 points during intraday trade
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP KARACHI: Bears took control of the Pakistan Stock Exchange (PSX) on Tuesday as the market witnessed a correction with a decline of over 2,000 points during the intraday trading. …
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Will Pakistan oscillate between despair and hope this year? | The Express Tribune
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[ad_1] ISLAMABAD: As 2023 draws to a close, it has left behind a mix of despair and hope. The economy had teetered on the brink of default but was then propped up with life support. The future of 242 million people now hinges on the anticipation of a return to political and economic stability at…
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Maersk to resume operations in Red Sea | The Express Tribune
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[ad_1] WASHINGTON: Denmark’s Maersk is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, the company said on Sunday, citing the deployment of a US-led military operation designed to ensure the safety of commerce in the area. The shipping giant paused sending vessels through the Bab el-Mandeb strait earlier in…
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Fertiliser shortage grips Sindh during sowing season | The Express Tribune
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[ad_1] KARACHI: Distressed growers in Sindh are grappling with a severe shortage of fertilisers, significantly impacting wheat sowing and vegetable cultivation. The scarcity, if not promptly addressed, could escalate into a looming threat to food security, warn dismayed farmers. Growers are urging authorities to take immediate action to ensure the uninterrupted availability of fertilisers in…
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Several Karachi areas to witness power outages on Tuesday
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[ad_1] Image taken during a country-wide blackout, on January 10, 2021. — AFP Karachi Electric (KE) will be undertaking a “critical maintenance activity” in several areas of the metropolis, the company said Monday, as a result of which the places will see hours-long power outages. The sole power provider of the city said the areas…
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Inside holiday destinations of these world billionaires
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[ad_1] Billionaires Elon Musk, Jeff Bezos, Zhao Changpeng and Mark Zuckerberg alone saw some US$392 billion erased from their cumulative net worth in 2022. — AFP/File Several wealth experts told Business Insider that while some of the wealthiest people in the world do prefer to spend Christmas Day at home, it’s usually not at their…
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COP28: climate finance needs | The Express Tribune
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[ad_1] ISLAMABAD: COP28 climate talks have ended with so much discussion and debate and have some useful conclusions. But it all requires finance. Things do not work out by just words. I wish if the financial zeal to allocate and spend money had been as strong as the discussion has been. Unfortunately, this has not…
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Youth digital empowerment | The Express Tribune
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[ad_1] KARACHI: Digital literacy is the ability to understand and use digital tools and technologies. This can be as basic as writing a report or article on Microsoft Word, but today we often take it to mean the ability to use and manipulate software and hardware to suit our needs. Essentially, this could be application…
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Tesla recalls 120,000 cars due to door risks
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[ad_1] A Tesla Y model car stands outside its showroom. — AFP/File Tesla is recalling more than 120,000 of its cars because unlocked doors have the potential to open during a crash, raising the risk of harm as per a notification by safety inspectors. According to a National Highway Traffic Safety Administration (NHTSA) document, the…
