Pakistani technology start-ups took the spotlight as Courtney Powell, Chief Operating Officer and Managing Partner, 500 Global, a USD 1.8 billion international venture capital firm, visited the National Incubation Centre Lahore (NICL) at LUMS. The visit was facilitated by Paklaunch. Ms….
LONDON, UK: Johnson & Johnson will split into two public companies, a news release said. The pharmaceutical and medical devices divisions will be separated from the consumer products business known for Band-Aid and Tylenol, and baby shampoo. The larger pharmaceutical…
LUXEMBOURG; Millicom has signed an agreement to acquire the remaining 45% equity interest in its joint venture businesses in Guatemala (collectively, “Tigo Guatemala”) from partner for $2.2 billion in cash. The transaction was signed today and is expected to close…
SHANGHAI, CHINA: International Trade Centre (ITC) and Alibaba.com have partnered to launch the “Global Digital Trade Accelerator for MSMEs in Developing Countries” initiative during the ongoing 2021 China International Import Expo (CIIE) in Shanghai, China. Together, the parties will help…
LONDON, UK: BHP Group signed a deal to sell its stake in BHP Mitsui Coal (BMC), a metallurgical coal joint venture in Queensland, to Stanmore Resources for up to $1.35 billion, a news release said. Stanmore, which is majority-owned by Singapore-listed Golden…
ISLAMABAD, PAKISTAN: Bank Alfalah and Adal Fintech have collaborated to offer digital supply chain financing all over Pakistan, a news release noted. The scope of this alliance is to extend digital lending facility to the retailers in coordination with their…
KARACHI: Pakistan LNG Limited (PLL) has received the lowest bids in the range of $29.896/mmbtu to $30.65/mmbtu in response of an emergency tender issued on November 02, 2021 for two LNG cargoes. Vitol Bahrain has offered the lowest of $29.89/mmbtu…
ARMONK, N.Y.: IBM has completed the separation of its managed infrastructure services business to Kyndryl, a news release said. Starting on November 4, 2021, Kyndryl will begin “regular way” trading on the New York Stock Exchange under the symbol “KD.”…
DUBAI: Emirates’ marketing team has been recognized by Sitecore, one of the world’s leading digital experience platforms, for “Best Use of a Customer Data Platform (CDP)”. The award was presented to Emirates at the recent edition of GITEX, Dubai’s technology…
KARACHI: OneWeb, the global communications network powered from Space, has signed a Memorandum of Understanding (MoU) for Pakistan with REDtone Telecommunications Pakistan Pvt. Ltd (a PTA licensed telecommunications operator and digital services provider) as their in country focus partner. With…
GEORGETOWN: Toyota Motor will invest $461 million into its central Kentucky plant to add new technology, increase production flexibility and reduce its carbon footprint. Plans include upgrading the Georgetown plant with advanced manufacturing equipment and technologies that will increase speed,…
Facebook has changed its corporate name to Meta as part of a major rebrand. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality (VR). The change…