NA body briefed on Port Qasim’s business model

ISLAMABAD – November 10 (ONLINE) Senate Standing Committee on Maritime Affairs ON Thursday was briefed Port Qasim and Gwadar Port Authority. According to details, a meeting of committee was held Thursday. Committee was informed of the main business model of Port Qasim and that it […]

US inflation eases in October but still near decades-high

Washington, Nov 10 (AFP/APP):US consumer prices cooled in October but remained at decades-high levels, according to government data released Thursday, keeping the pressure on President Joe Biden as his Democratic party struggles to retain control of Congress. The closely-watched report showed more evidence of rising […]

British online furniture store Made.com collapses

London, Nov 9 (AFP/APP):Made.com, the British online furniture store, collapsed Wednesday after it was hammered by supply-chain disruptions and a slump in consumer spending as inflation soared. UK clothing-to-furniture giant Next is to buy the failed group’s brand, websites and intellectual property. More than half […]

Facebook owner Meta to lay off 11,000 staff

New York, Nov 9 (AFP/APP):Facebook owner Meta will lay off more than 11,000 of its staff in “the most difficult changes we’ve made in Meta’s history,” boss Mark Zuckerberg said on Wednesday. He said the cuts represented 13 percent of the social media titan’s workforce […]

France hands Essilor 81-mn-euro fine

Paris, Nov 8 (AFP/APP):France’s competition authority Tuesday slapped Lensmaker Essilor International and its parent company with 81.1 million euros ($81.6 million) in fines for a decade of discriminatory trade practices against online spectacles vendors. The authority said it was handing down the fine for practices […]