U.S. homes sales rise 14.5% in February 2023

Sales of existing homes in United States rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at…

NNR March 21, 2023

Wire

Amazon.com Inc announces another 9,000 jobs cut

Amazon.com Inc on Monday said it would cut another 9,000 jobs totaling 27,000 job cuts in recent months. In a note to staff posted online, CEO Andy Jassy said the…

NNR March 20, 2023

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Flagstar Bank will purchase deposits, loans and branches from recently closed Signature Bank

Flagstar Bank, a subsidiary of New York Community Bancorp, has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC), to purchase deposits and loans from New York-based Signature…

NNR March 20, 2023

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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 United Kingdom. And the average…

NNR March 19, 2023

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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 protect the Swiss economy in…

NNR March 19, 2023

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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 of Lasbela Chamber of Commerce…

NNR March 19, 2023

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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 COVID-19 test from April 5.…

NNR March 17, 2023

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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 Board of Revenue (FBR) carried…

NNR March 17, 2023

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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 data held on official phones…

NNR March 16, 2023

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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 cable replacement. It provides access…

NNR March 16, 2023

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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 short-term liquidity facility. Credit Suisse…

NNR March 16, 2023

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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 deal to close later this…

NNR March 15, 2023