Standard Chartered to cut 7,000 jobs in AI-driven overhaul

LONDON: Standard Chartered plans to eliminate more than 7,000 jobs over the next four years, turning to artificial intelligence to replace what its chief executive called “lower-value human capital.” The London-based lender said…

Web Desk May 19, 2026

Australian Exchange

Gentrack acquires Factor to bolster real-time energy pricing capabilities

WELLINGTON: Gentrack Group announced it has acquired Factor, a New Zealand–based SaaS provider specializing in on-demand pricing and risk management for energy retailers, in a deal valued at NZ$24 million. The acquisition includes…

Web Desk May 18, 2026

Wire

LIRR workers go on strike for first time in 32 years, halting nation’s busiest commuter rail

NEW YORK: About 3,500 workers for the Long Island Rail Road went on strike Saturday after contract negotiations failed, shutting down the nation’s busiest commuter rail system just ahead of…

Web Desk May 16, 2026

Wire

Cross Country Healthcare to be acquired by Knox Lane in $437 million Deal

SAN FRANCISCO: Cross Country Healthcare Inc., a technology-driven healthcare workforce solutions company, has agreed to be acquired by investment firm Knox Lane for $13.25 per share in an all-cash transaction…

Web Desk May 7, 2026

Wire

UCB to acquire Candid Therapeutics in $2.2Bn deal focused on autoimmune T-Cell engagers

BRUSSELS: UCB, a global biopharmaceutical company, announced Tuesday it has signed a definitive agreement to acquire Candid Therapeutics, a privately held clinical-stage biotechnology company developing novel T-cell engagers (TCEs) for…

Web Desk May 3, 2026

London Exchange

Oracle Power forms joint venture for green hydrogen project in Pakistan

LONDON, UK: Oracle Power Plc (AIM:ORCP), the international natural resources project developer, has entered in to a joint venture agreement with the Private Office of His Highness Shaikh Ahmed Dalmook…

Web Desk March 30, 2022

PSX

Pakistan Petroleum seeks two mining licenses in Baluchistan

KARACHI: Pakistan Petroleum Limited (PPL) has submitted an Expression of Interest (EoI) for acquiring mining rights in two blocks in Balochistan, a province of Pakistan, which shares borders with Iran and Afghanistan.…

Web Desk October 26, 2021

PSX

PLL’s LNG tender for 8 cargoes receives zero bids

KARACHI, PAKISTAN: These winters are going to be even colder primarily due to severe gas shortage, while the LNG tender issued by Pakistan LNG Limited (PLL) for 08 cargoes for…

Web Desk October 11, 2021

Business & Finance

5 Reasons You Should Get a Coat for Your Dog?

As much as dogs have natural fur coats to keep them warm during winter and regular cold nights, sometimes they are inadequate. Some dogs have naturally thin and short; hence…

Web Desk September 18, 2021

Business & Finance

Pakistan invites operators to run Ferry Service on domestic and international routes

KARACHI, PAKISTAN: Maritime Ministry has invited investors and operators to run passenger-cum-cargo Ferry Service on both domestic and international routes. The ferry terminals at Karachi Port, Port Qasim and/or Gwadar…

Web Desk June 27, 2021