Business News
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Germany plans over €100 billion aid for companies | The Express Tribune
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[ad_1] BERLIN: Germany plans to offer more than €100 billion ($108.8 billion) worth of aid to companies hit by fallout from the war in Ukraine, according to a document from the finance and economy ministries seen by Reuters on Friday….
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World food prices hit record high over Ukraine war: FAO
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[ad_1] A Syrian woman prepares food at the Kabsh camp for the displaced people in the countryside near Syria´s northern city of Raqa during the Muslim holy month of Ramadan on April 7, 2022. — AFP/File PARIS: World food prices…
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Tesla recalls nearly 128,000 cars in China due to defect
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[ad_1] Cars are seen on the assembly line during a tour of the Tesla Giga Texas manufacturing facility ahead of the “Cyber Rodeo” grand opening party on April 7, 2022 in Austin, Texas. — AFP/File BEIJING: Tesla has recalled nearly…
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Market watch: Political clarity drives rally at bourse | The Express Tribune
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[ad_1] KARACHI: Bulls returned to the Pakistan Stock Exchange on the final day of the week, pushing up the KSE-100 index by over 650 points as the market reacted positively to the Supreme Court’s verdict that crushed National Assembly deputy…
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SBP succumbs to reality | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) has finally taken a much overdue and corrective decision by increasing the policy rate, by a massive 250 bps to 12.25%. To put this move into context, such a large jump has not…
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Annual inflation at 21-year high | The Express Tribune
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[ad_1] MEXICO CITY: Mexican consumer prices rose in March to levels not seen since early 2001, with economists saying the data suggests more interest rate hikes are likely, as the central bank underscored the balance of risks for inflation deteriorated…
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Moscow doubles subsidies | The Express Tribune
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[ad_1] MOSCOW: Moscow has doubled the state support available for opening a fast food chain in the city to 5 million roubles ($63,000), a city spokeswoman told Reuters, hoping this will help plug the gap left by foreign fast food…
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Cloud technology to steer Vision 2025 | The Express Tribune
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[ad_1] KARACHI: Experts have observed that cloud technology has become fundamentally important for the digital transformation of businesses and public sector enterprises. By 2025, more than 70% of the world’s enterprises and public sector entities will be using cloud technology….
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Govt seeks undertaking before nod to Eni sale | The Express Tribune
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[ad_1] ISLAMABAD: The Petroleum Division has asked Eni Pakistan to provide an undertaking of Hub Power Holdings Limited (HPHL) in favour of Prime International Oil and Gas Company Limited (PIOGCL) for the sale of Eni Pakistan to PIOGCL. The division…
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SBP reserves drop $728m to $11.32 billion | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 6.04% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On April 1, the foreign currency reserves held by the…
