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 this exceptional situation,” read a statement from the Swiss National…
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 and Industry while addressing the Workshop on “Towards Zero Emissions:…
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. From Friday (Mar 17), the UK Health Security Agency’s voluntary,…
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 out sector-based audit of solar penal importers to check twin…
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 could be accessed by the Chinese government, BBC reported. Cabinet…
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 to live TV and cable channels, delivered through an internet…
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 shares fell sharply hitting an all-time low after its top…
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 year and doesn’t anticipate any changes to its 2023 financial…
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 was based on new forecasts from the independent Office for Budget Responsibility (OBR), Hunt said….
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 academic tasks,” a company blog noted. The company said the model is “more creative and…
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 December, representing the first slowdown since late 2021. Total pay grew by an annual 5.7%…
Volkswagen, has announced plans to invest Euros 180 billion ($192.6 billion) over the next five years (2023-2027) with primary focus on electrification and digitalization. Volkswagen is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. It was…