Business News
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Elon Musk wants to cut 10% of Tesla jobs | The Express Tribune
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[ad_1] SAN FRANCISCO: Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of salaried staff at the electric carmaker, he said in emails seen by Reuters. A message sent to executives…
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Businessmen demand removal of trade hurdles | The Express Tribune
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[ad_1] PESHAWAR: Traders have stressed the need for taking pragmatic steps to remove hurdles in the way of regional trade, saying it is imperative to boost bilateral trade with the Central Asian Republics to enhance the country’s exports and earn…
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Industry losing incentive to operate | The Express Tribune
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[ad_1] KARACHI: The recent hike in fuel prices by Rs60 per litre within a span of 10 days is going to adversely affect the business community as businesses are losing any incentive of operating in Pakistan due to the increasing…
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Put economics before politics | The Express Tribune
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[ad_1] The PTI government chose to seek an IMF programme in October 2018 since the country's reserves were barely adequate to cover two months of imports. After three and half years when no confidence motion was writing on the wall…
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Turkish inflation soars to 73% | The Express Tribune
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[ad_1] ISTANBUL: Turkey’s annual inflation rate jumped to a 24-year high of 73.5% in May, fuelled by the war in Ukraine, rising energy prices and a tumbling lira — though the figure was slightly lower than economists had feared. Inflation…
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Rupee falls 0.17% against dollar | The Express Tribune
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[ad_1] KARACHI: The rupee fell 0.17% to stand at 197.92 against the US dollar in the inter-bank market on Friday, compared with Thursday’s close of Rs197.59, according to the State Bank of Pakistan (SBP). The currency was recovering slowly after…
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Traders promised conducive environment | The Express Tribune
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[ad_1] RAWALPINDI: Federal Minister of States and Frontier Regions Talha Mahmood has stressed that the top priority of the government is to create a conducive environment for the business community and asked the private sector to come forward and lend…
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Commemorative banknotes proposal rejected | The Express Tribune
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[ad_1] ISLAMABAD: Prime Minister Shehbaz Sharif has rejected a proposal to get millions of commemorative polymer banknotes printed outside of the country in the wake of current economic situation and shrinking foreign currency reserves. The State Bank of Pakistan (SBP)…
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Business leaders slam petroleum price hike | The Express Tribune
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[ad_1] ISLAMABAD: Businessmen have denounced the government for making a massive hike of Rs60 per litre in prices of petroleum products within a week, calling it unprecedented and a very harsh decision that will unleash a new wave of inflation…
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Kazakhstan renames its oil | The Express Tribune
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[ad_1] Kazakhstan is changing the name of the oil it exports via Russian sea ports to Kazakhstan Export Blend Crude Oil (KEBCO) to dissociate it from oil originating in Russia in order to avoid sanction risks and issues with financing….
