Business

Musk says Tesla not immune from tariffs as car firms hit

A day after US President Donald Trump stated he could hit foreign automobiles and vehicle components with a brand new import tax of 25%, a number of the world’s largest automakers appeared stunned into silence, as they took in a pass predicted to wreak havoc throughout the enterprise. Investors sold off shares of carmakers in […]

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IMF okays staff-level deal for Pakistan to get $1.3bn package

IMF says Pakistan has made significant progress in restoring macroeconomic stability over past 18 months WASHINGTON: International Monetary Fund team of workers reached a cope with Pakistan for a brand new $1.Three billion association and additionally agreed on the first review of the continued 37-month bailout program, the IMF said on Tuesday. “Over the past

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Amazon is testing shopping, health assistants as it pushes deeper into generative AI

Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025.Brendan Mcdermid | Reuters Amazon, In an attempt to infect generic artificial intelligence beyond a wide health of its e-commerce universe, recently began testing a health-focused chatbot with a shopping assistant and the most users. AI has

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Chinese electric carmaker BYD sales beat Tesla

Chinese electric car maker BYD has mentioned annual sales for 2024 that have leapfrogged rival Tesla.The Shenzhen-based firm says revenue rose by 29% to 777 billion yuan ($107bn; £83bn), boosted by sales of its hybrid vehicles. This topped the $97.7bn stated with the aid of Elon Musk’s Tesla. BYD has also just released a lower-priced

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Baidu shares jump 10% following release of new open-source AI models

Investors appeared favourable to the release of two new AI models over the weekend, as is clear from the fact that Chinese tech veteran Baidu shares were trading up to 10.7% in Asia on Tuesday. On Sunday, Baidu unveiled the two brand-new AI models: the most recent version of its basic “Ernie” model and a

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IMF and Pakistan make progress to staff level agreement, says IMF mission chief

Fund’s mission, Pakistani authorities to continue policy discussions via video conference Islamabad: International Monetary Fund (IMF) and Pakistani officials made significant progress towards reaching an employee level agreement on the first review of a $ 7 billion program, IMF Mission chief Nathan Porter said in a statement on Saturday.According to the statement, the mission and

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Binance secures ‘largest investment ever’ in crypto as Abu Dhabi’s MGX pledges $2 billion

Key Points Emirati state -owned investment firm MGX marked the first institutional investment of the Cryptocurrency Exchange and the “single largest investment” pair in Crypto, which marks the first institutional investment and “single largest investment” of the Cryptocurrency Exchange in Crypto.Companies announced in a joint press release that a minority stake would be paid with

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India’s inflation rate dips to cooler-than-expected 3.61% in February, below central bank’s target

The Ministry of Statistics and Program of India said on Wednesday that vegetable prices decreased, resulting in a minimum of 3.61 percent of an outstanding inflation rate from February. Reuters polled economists and found that they had estimated 3.98% for the period. This is the first time inflation has fallen below the RBI’s 4% target

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Jio Partners With SpaceX to Offer Starlink Broadband Internet Services in India

Both companies will also explore other complementary areas of cooperation to enhance India’s digital ecosystem. On Wednesday, Jio Platforms Limited announced a strategic partnership with SpaceX, bringing Starlink broadband services to India. The subsidiary of Reliance Industries claims that it will use the constellations of Elon Musk-owned low-east class satellites to provide high-speed broadband services

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