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 […]

Pakistan Pavilion unveiled in World Tourism Market in London

ISLAMABAD, Nov 07 (APP):Advisor to Prime Minister on Tourism and Sports – Awn Chaudhry on Monday inaugurated the Pakistan Pavilion at World Travel Market, London, 2022. Pakistan Tourism Development Corporation – PTDC along with provincial tourism departments and private sector stakeholders setup an impressive pavilion […]

Pharmaceutical Industry meets 95 percent of country’s needs

LAHORE – November 7 (ONLINE) Senior Vice Chairman of Pakistan Pharmaceutical Manufacturers Association (PPMA) Nadeem Zafar said Monday the industry currently meets 95% of the country’s medicine requirements, country only imports 5 percent medicine based on new molecules and compounds and new research-based products. The […]

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