Interest payments on fixed-term mortgages to soar by 55% in UK
Average interest payments on fixed-term mortgages are set to soar by 55% this year to £500 a month, which would exacerbate the cost-of-living crisis in...
UBS has agreed to takeover Credit Suisse
UBS has agreed to buy Credit Suisse. “With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and...
Pakistan direly needs a carbon exchange bank
HUB, PAKISTAN: A Carbon Exchange Bank to deposit the carbon credits, the industries earn, is a dire need for Pakistan, said Mr. Ismail Suttar, President...
UK to end pre-departure COVID-19 test rule for arrivals from China
LONDON: The British government said it would end the requirement for people flying from mainland China to England to provide proof of a negative pre-departure...
Pakistan tax authorities discover Rs70 billion worth of trade-based money laundering by solar panels importers
KARACHI: Pakistan’s tax authority has made a landmark detection of Rs70 billion on account of over-invoicing and trade-based money laundering by solar panels importers. Federal...
British government ministers barred from using TikTok on security grounds.
British government ministers have been banned from using social media app TikTok on their work phones and devices on security grounds. The government fears sensitive...
Google increases price of YouTube TV subscription to $73/month starting April 2023
Google has increased the price its YouTube TV subscription from $65 per month to $73 per month starting in April 2023. YouTube TV is Google’s...
Credit Suisse announces to borrow 50 billion Swiss francs from Swiss National Bank
Credit Suisse announced to borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a...
T-Mobile will acquire Ka’ena Corp, owner of Mint Mobile, for $1.35 billion
T-Mobile US Inc would buy Ka’ena Corp, the owner of Ryan Reynolds-backed budget service provider Mint Mobile, for up to $1.35 billion. T-Mobile expects the...
U.K. economy would no longer enter a technical recession in 2023: Jeremy Hunt
Finance Minister Jeremy Hunt said that the U.K. economy would no longer enter a technical recession in 2023, as was previously anticipated. The updated outlook...
OpenAI has created GPT-4
OpenAI has created GPT-4, the latest milestone in OpenAI’s effort in scaling up deep learning. “The AI technology “exhibits human-level performance on some professional and...
UK pay growth slows down ahead of interest rate hike
Basic pay in United Kingdom (UK), excluding bonuses, rose by 6.5% in the three months to January compared with 6.7% in the three months to...