UKGI to sell part of HMT shareholding in NatWest Group
LONDON, UK: UK Government Investments Limited (UKGI) announced that it intends to sell part of Her Majesty’s Treasury’s (HMT) shareholding in NatWest Group plc over...
Top Blokes team member competes for the UK in Intel World Open
LONDON, UK: Semper Fortis Esports, the esports company focused on establishing esports teams, announced that Archie Pickthall, a member of its Top Blokes team, recently...
Pakistan witnesses highest ever electric power generation during FY21
§ Power generation is up by 8.1% YoY to 14,361 GWh (19,946 MW) during Jun’21, compared to 13,288 GWh (18,455 MW) during Jun’20. The rise...
Semiconductor shortage: Intel to acquire GlobalFoundaries in $30 billion deal
NEW YORK: Intel Corp is in talks to buy semiconductor manufacturer GlobalFoundries Inc for about $30 billion, the Wall Street Journal reported. A deal could help Intel ramp up...
Bank deposits up 10 percent, an all-time high
Banks Balance Sheets Fueled by Investment Book § Deposits of the banking sector have continued their upward trajectory, clocking in at PKR 19,795bn as at Jun’21,...
Balanced agriculture policies, value chain investments needed to curb food inflation
KARACHI, PAKISTAN: The government needs to introduce balanced agriculture policies and modernize the value chain to control food inflation and manage strategic reserves of certain commodities...
Emirat to transport 247 horses from Liege to Tokyo equestrian events
DUBAI: UAE: Emirates SkyCargo, the freight division of Emirates, is operating eight charter flights to fly 247 horses from Liege to Tokyo. The first flight...
Mobilink Microfinance Bank launches Digital App
KARACHI: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has launched ‘Dost’, a mobile-based application that provides a complete digital banking ecosystem to its...
Israeli company malware attacked Windows operating system
NEW YORK: An Israeli company was behind malware that was used to attack PCs running its Windows operating system, Microsoft said. Microsoft Threat Intelligence Center...
Facebook reports online cyber espionage campaign by hackers in Iran
HOUSTON: Facebook blocked a “sophisticated” online cyber espionage campaign conducted by hackers in Iran attempting to surveil western military, defence and aerospace personnel via its...
NortonLifeLock in discussion to acquire Avast PLC
LONDON, UK: NortonLifeLock Inc., a global leader in consumer Cyber Safety, notes the announcement by Avast, released earlier today, and confirms that it is in...
ASOS and Nordstrom announce Topshop joint venture
LONDON, UK: ASOS Plc has formed a joint-venture with US-based multi-channel retailer, Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss...