Business News
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Intel investment fuels EU chips race with Asia | The Express Tribune
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[ad_1] BERLIN: American chip-making giant Intel said on Tuesday it planned to invest tens of billions of euros in the European Union, as the continent seeks to reduce its reliance on semiconductors from Asia. The project to boost the entire…
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Pakistan needs to create B2B linkages | The Express Tribune
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[ad_1] KARACHI: As Pakistan is marching towards digitalisation, it needs to focus on digital infrastructure besides creating business-to-business (B2B) linkages through the global e-commerce platforms to enhance its exports. In an interview with The Express Tribune, Alibaba – a China-based…
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Moscow’s invasion of Ukraine: UK slaps heavy tariffs on Russian imports
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[ad_1] British Prime Minister Boris Johnson. Photo: AFP/file LONDON: The UK government on Tuesday imposed an additional 35% import tariff on a swathe of Russian goods, including vodka, and banned exports of luxury products because of Moscow’s invasion of Ukraine….
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Market watch: Stocks turn bullish due to drop in oil prices | The Express Tribune
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[ad_1] KARACHI: Bulls returned to the Pakistan Stock Exchange on Tuesday, propping up the KSE-100 index by 353 points, aided by the drop in global crude oil prices. The plunge in oil rates below $100 per barrel revived investor interest…
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Oil falls below $100 | The Express Tribune
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[ad_1] LONDON: Oil prices dropped to their lowest in almost three weeks on Tuesday as Russia indicated it is in favour of the Iran nuclear deal resuming as soon as possible. Ceasefire talks between Russia and Ukraine further eased fears…
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Oil falls 8% on negotiation hopes | The Express Tribune
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[ad_1] Oil prices dropped about 8% on Monday to the lowest in two weeks, as diplomatic efforts between Ukraine and Russia looked like they might end their conflict, which would boost global supplies, while a pandemic-linked travel ban in China…
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Rupee close to falling below 179 a dollar | The Express Tribune
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[ad_1] KARACHI: The decision of the government to freeze prices of petroleum products is seemingly taking a toll on the rupee, which slumped to a fresh all-time low at Rs178.98 against the US dollar in the inter-bank market on Monday….
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Govt approves Rs8b broadband projects | The Express Tribune
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[ad_1] ISLAMABAD: The government has launched seven more projects worth about Rs8 billion for the provision of broadband services to over 2.5 million people in the un-served and under-served areas of the country’s four provinces. Out of the total allocation,…
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CCP slaps Rs1.1b fine on home appliances firms | The Express Tribune
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[ad_1] ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a fine of Rs1.1 billion on two home appliances companies for violation of Section 4 of the Competition Act, 2010. According to a statement issued on Monday, both companies entered…
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Punjab spends Rs300 billion on projects | The Express Tribune
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[ad_1] LAHORE: The Punjab government has claimed that it has so far utilised Rs300 billion on various development schemes across the province. Talking to The Express Tribune, Planning and Development Board (Punjab) Chairman Abdullah Khan Sumbal underlined that the utilisation…
