NEW DELHI (Reuters) January 4 – An Indian panel on Wednesday rejected Google’s bid to have an antitrust verdict forcing the tech giant to alter how it approaches its Android platform blocked, giving the American company a blow in a crucial growing area. For abusing its dominant position in areasRead More →
In the January-March quarter, Nintendo shipped 4.11 million Switch systems, increasing its total to 23.06 million for the fiscal year, barely enough to reach its revised target of 23 million. Before reaching its final projection three months ago, the business had expected 25.5 million units for the year, then 24Read More →
Bitcoin plummeted below $30,000 for the first time since July 2021 on Tuesday, as investors flew to cryptocurrencies in concerns of aggressive US monetary tightening and increasing inflation. The world’s largest cryptocurrency by market capitalization fell as low as $29,764 on Tuesday before rebounding more than $30,000, continuing a recentRead More →
According to CNBC’s David Faber, Ford Motor is selling 8 million Rivian Automotive shares, with the insider lockup for the formerly high-flying electric vehicle producer set to expire on Sunday. Rivian now has 102 million shares owned by the automaker. According to sources, Ford will sell the stock through GoldmanRead More →
Pakistan’s liquid foreign reserves fell by $115 million in the week ending April 30, 2022, representing a 0.7 percent drop week on week.According to the SBP weekly report issued on Friday, the country’s total liquid foreign exchange reserves fell by $115 million (-0.7 percent) on April 30, 2022, to $16.553Read More →
Asian markets received a much-needed boost Wednesday as Hong Kong’s tech titans led a comeback in the city following their recent fall, while oil prices soared back above $100 but remain under pressure from concerns about Chinese demand. While the gains are encouraging, more volatility is predicted as Russia continuesRead More →
TOKYO, Japan (AFP) – Sony raised its full-year net profit prediction, encouraged by the popularity of its latest Spider-Man film and good earnings in the gaming industry despite a global chip shortage. The Japanese computer behemoth has already posted a record net profit in 2020-21, thanks to a pandemic surgeRead More →
SAN FRANCISCO (AFP) – Microsoft exceeded market forecasts with a good quarterly performance in cloud computing and software on Tuesday, continuing to benefit from the pandemic’s online moving of work, play, shopping, and learning. The US internet behemoth, which revealed last week a bombshell agreement to acquire gaming behemoth ActivisionRead More →
ISLAMABAD, Pakistan – Earlier this month, the State Bank of Pakistan (SBP) announced the “Licensing and Regulatory Framework for Digital Banks.” SBP hosted an online event titled “Digital Banks – A New Era in Banking” to raise awareness of this significant regulatory breakthrough. The webinar’s primary goal was to raiseRead More →
ISLAMABAD (APP) – Senator Aon Abbas Buppi, Special Assistant to the Prime Minister on E-Commerce, urged the Federal Board of Revenue (FBR) on Tuesday to provide assistance to startups and e-Commerce cross-border exporters in the nation. According to a press release released here, the SAPM also claimed that startups areRead More →
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