Business News
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Elon Musk’s Tesla attains 14,000 China insurance registrations in 1st week of Nov
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[ad_1] A handout photo provided on April 1, 2016 by Tesla Motors shows the car manufacturer’s new Model 3 which was unveiled on March 31. — AFP China saw a rise in Tesla car insurance registrations last week as the updated Model 3’s deliveries picked up and the company looked ready to increase the price…
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Texas set to decide property taxes relief with Prop 4
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[ad_1] A woman passing by a vote sign in Texas. — AFP/File In the election for a constitutional amendment on November 7, Texans will decide whether to increase relief from property taxes. Proposition 4, which is derived from H.J.R. 2 from this year’s second extraordinary session, would: Increase the $100,000 general school district homestead exemption.…
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Steel rebar prices raised up to Rs5,000 per ton | The Express Tribune
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[ad_1] KARACHI: The long steel manufacturing industry has increased rebar prices up to Rs5,000 per ton with effect from Tuesday, a development that is likely to slow the pace of construction activities which are already under stress due to high inflation. Citing industry data, Topline Securities’ Senior Research Analyst Fahad Hussain Khan told The Express…
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Delegation visits industrial park to foster cooperation | The Express Tribune
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[ad_1] BEIJING: A delegation of 30 participants from eight Belt and Road countries, including Pakistan, Turkey and Zimbabwe, recently visited the Wanqing Butterfly Orchid Industrial Park. The visit was part of the Belt and Road Agricultural Market System Construction Training Programme, aimed at fostering cooperation and knowledge exchange in the field of floral cultivation and…
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SoftBank Group’s co-working space provider WeWork files for bankruptcy after drop in shares
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[ad_1] The WeWork logo is displayed outside of an office space rental location in Santa Monica, California on March 20, 2023. — AFP WeWork, the shared office giant backed by Japanese technology group SoftBank, announced Monday that it had filed for bankruptcy in a bid to negotiate down its debt after years of serious financial…
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Stocks retreat, fall below historic 54,000-mark
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[ad_1] Stock broker monitor television screen at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan. — AFP/File KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday jumped to a historic high — shooting past 54,000 points — but dropped at close, ending its days-long winning streak. The KSE-100 index touched…
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PSX crosses 54,000 points threshold as rupee tumbles | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high and surpassed the psychological barrier of 54,000 during the early hours of trading on Tuesday amid the ongoing ‘timely’ IMF review of the domestic economy under its $3 billion loan programme. However, later in the day, it receded below the barrier on profit-selling. The…
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KE plans ambitious 640MW renewable energy initiative | The Express Tribune
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[ad_1] ISLAMABAD: K-Electric (KE), the primary electricity provider for Karachi, is advancing a strategic renewable energy plan that could reshape the city’s power landscape. The company has taken significant steps towards adding 640MW of renewable capacity to the local grid. KE’s revised Requests for Proposals (RFPs) submitted include four renewable energy projects, all in line…
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IMF seeks fresh report on state-owned enterprises losses
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[ad_1] A view of the IMF headquarters. — AFP The International Monetary Fund (IMF) has sought from the Finance Ministry a fresh report on losses incurred by state-owned enterprises, sources told Geo News on Monday. According to the sources, the global fund’s mission — currently visiting Pakistan to review the loan tranche — has refused…
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How digital transformation impacts businesses? | The Express Tribune
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[ad_1] KARACHI: E-commerce is already growing rapidly in Pakistan, and it is expected to continue to grow in the coming years. This will create new opportunities for businesses to sell their products and services online. Artificial intelligence (AI) is a rapidly developing technology that has the potential to revolutionise many industries. In Pakistan, AI is…
