global
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Local gold prices fall by Rs500 per tola amid drop in global rates | The Express Tribune
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[ad_1] In local markets, the price of 24-carat gold per tola fell by Rs500, dropping to Rs246,000 from Rs246,500. This decrease reflects the significant drop in the international bullion market, where gold prices declined by $17 to settle at $2,400…
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Global companies face earnings challenge | The Express Tribune
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[ad_1] NEW YORK: Global companies are lowering their full-year sales and profit expectations due to higher interest rates and a weakening Chinese economy, negatively impacting consumer sentiment and diminishing the luster of recent earnings growth. Several prominent companies, including McDonald’s,…
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Avoiding trade war amid global tension | The Express Tribune
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[ad_1] KARACHI: Last week, US Treasury Secretary Janet Yellen embarked on her second official visit to China in less than a year, from April 4th to 9th. Her objective was to uphold Washington’s global dominance amidst the ongoing trade war…
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Global investors pull back amid inflation concerns | The Express Tribune
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[ad_1] BENGALURU: Global investors dumped equity funds for the second consecutive week in the week ended April 10, amid persistent inflation worries and diminishing expectations for a US Federal Reserve rate cut in June. Economic data released on Wednesday showed…
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Gold hits record high amid global turbulence | The Express Tribune
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[ad_1] KARACHI: Gold reached a new all-time high at Rs241,100 per tola (11.66 grams) in Pakistan on Thursday, marking a historic moment in line with the global record-breaking trend. Meanwhile, the rupee remained stable near its recent five-and-a-half-month high at…
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Global M&A picks up in Q1 | The Express Tribune
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[ad_1] NEWYORK: Mergers and Acquisitions (M&A) bounced back in the first quarter after a downbeat 2023, thanks to the return of mega deals, cheering investment bankers and lawyers waiting for a pick-up. Total M&A volumes globally climbed 30% to about…
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How much money did Mark Zuckerberg lose due to global outage of Meta platforms?
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[ad_1] Mark Zuckerberg, CEO of Facebook, is seen. —AFP Meta CEO Mark Zuckerberg faced a staggering loss of nearly $3 billion in the wake of a one-hour global shutdown affecting various popular social media platforms under the company’s umbrella, the…
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Chinese PV goes global: sail against the current | The Express Tribune
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[ad_1] BEIJING: “In 2023, China’s photovoltaic (PV) application market has indeed achieved unexpected development, reaching 216.88GW (gigawatts), a staggering year-on-year growth of 148.1%, exceeding the predictions of all industry insiders. With the growing demand for green electricity, we predict that…
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Paramount Global to cut 800 jobs despite Super Bowl success
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[ad_1] Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. —Reuters Paramount Global, the owner of broadcast and cable TV networks, revealed on Tuesday its decision to lay…
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IMF says global ‘soft landing’ in sight | The Express Tribune
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[ad_1] WASHINGTON/JOHANNESBURG: The International Monetary Fund (IMF) on Tuesday edged its forecast for global economic growth higher, upgrading the outlook for both the US and China – the world’s two largest economies – and citing faster-than-expected easing of inflation. The…
