OPINION: The Economic and Social Costs of Political Instability in Pakistan

Political agitation and riots can have a negative impact on the economy and lifestyle of a country like Pakistan in various ways. Some of the possible effects are: Reduced economic…

Ali Mirza May 10, 2023

Wire

Go Airlines (India) granted bankruptcy protection, complicating lessors’ repossession efforts

India's low-cost carrier, Go Airlines (India) Ltd, which recently rebranded as Go First, has been granted bankruptcy protection by an Indian tribunal. The move allows the country's fourth-largest carrier to…

NNR May 10, 2023

GBP exchange rates

Exchange rates for GBP against major currencies on May 10, 2023

LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP exchange…

NNR May 10, 2023

London Exchange

Telecom Egypt completes 2Africa subsea cable installations, connectivity over 3 billion people

LONDON, UK: Telecom Egypt (TE) is one of the largest telecommunications providers in Egypt, with a history that dates back to the late 1800s. The company offers a wide range…

NNR May 10, 2023

Wire

Uber launches flight bookings on its UK app, expanding beyond ride-booking business

Ride-hailing giant Uber is expanding its services once again by adding international and domestic flight bookings on its UK app. According to a report by the Financial Times, the move…

NNR May 10, 2023

Wire

Tempur Sealy to acquire Mattress Firm in $4 billion deal

Tempur Sealy International, a leading U.S. bedding maker, has announced plans to acquire retailer Mattress Firm in a cash-and-stock deal worth around $4 billion. The acquisition is aimed at stemming…

NNR May 10, 2023

London Exchange

Oakley Capital Fund III to realize stake in Germany’s largest university for £240 million

LONDON, UK: Oakley Capital Investments Limited (OCI) has announced that its investment fund, Oakley Capital Fund III, has reached an agreement to sell its stake in IU Group, the largest…

NNR May 10, 2023

London Exchange

Smiths Group announces appointment of Steve Williams as Chair of the Board

Smiths Group plc, a leading engineering company, has announced that Steve Williams will be appointed as the new Chair of the Board, subject to his election as a non-executive Director…

NNR May 10, 2023

Australian Exchange

Bubs Australia Limited terminates employment of its CEO, Ms Kristy Carr

MELBOURNE, AUSTRALIA: Bubs Australia Limited (ASX: BUB) announced the termination of the employment of its CEO, Ms Kristy Carr, with immediate effect due to failure to comply with reasonable Board…

NNR May 10, 2023

Wire

Blockworks Raises $12mn to expand crypto media and research offerings amidst industry turmoil

Blockworks, a media company that covers cryptocurrency for professionals, has raised $12 million in funding at a post-money valuation of $135 million, according to its co-founder Jason Yanowitz. The round…

NNR May 9, 2023

Huawei launches P60 Pro and Mate X3 in Europe: Specs and Prices

Huawei has launched its latest flagship phones, the P60 Pro and Mate X3, in Europe. The Chinese tech giant had initially announced both phones in China in March but has…

NNR May 9, 2023