Business

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

Leave a Comment / Business /

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 […]

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

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

Leave a Comment / Business, World /

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

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

Chinese electric carmaker BYD sales beat Tesla

Leave a Comment / Business, Science & Tech, World /

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

Chinese electric carmaker BYD sales beat Tesla Read More »

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

Leave a Comment / Business, Science & Tech /

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

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

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

Leave a Comment / Business /

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

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

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

Leave a Comment / Business, Science & Tech /

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

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

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

Leave a Comment / Business, World /

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

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

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

Leave a Comment / Business, Science & Tech /

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

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

Stocks fall in US and Asia over Trump tariffs concerns

Leave a Comment / Business, US /

nvestors expressed concern about the negative economic impact of President Donald Trump’s tariff, leading to a sharp decline in the US stock markets on Monday. This came when the President was asked about rumors of recession, and an interview on television stated that the world’s largest economy was in the “period of transition.”. Top officials

Stocks fall in US and Asia over Trump tariffs concerns Read More »