Samsung to build $17 billion chip plant in Texas on November 25, 2021Samsung said on Tuesday that it will build a microchip factory in Texas, a $17 billion investment that comes as semiconductor shortages are causing supply chain delays across many industries. “Welcome to Texas, Samsung!” tweeted Texas Republican Governor Greg Abbott, who called the planned factory “the largest foreign direct investment in Texas EVER.” The new […]
Italy hits Amazon, Apple with 200m euro antitrust fine on November 24, 2021Italy’s competition watchdog has imposed fines totaling over 200 million euros ($225 million) on Amazon and Apple on Tuesday in the latest action taken against US tech giants in Europe over their business practices. The watchdog ordered Apple to pay 134.5 million euros and e-commerce firm Amazon 68.7 million euros for infringing EU laws through […]
Bitcoin falls to $56,329 amid tight bear grip on crypto market on November 24, 2021The cryptocurrency market continued with a bearish trend on Tuesday, with the market capitalisation shedding another 1.4 percent to reach $2.66 trillion as of 1300 hours GMT. The largest cryptocurrency Bitcoin shed 1.57 percent to reach $56,329. With this decrease in price, the market capitalisation of the biggest cryptocurrency has reached 1.06 trillion. Ether, the […]
President Xi Jinping urges continuous efforts to promote high-quality BRI development on November 21, 2021Chinese President Xi Jinping has called for efforts to continue promoting the high-quality development of the Belt and Road Initiative (BRI) through joint efforts. The BRI should aim for high-standard, sustainable and people-centered progress, said Xi while addressing a high-level symposium on the initiative. This year marks the eighth year since the announcement of the […]
Pakistan’s largest logistics company goes solar on November 21, 2021Pakistan’s multimodal logistics organization, National Logistics Cell (NLC), plans to solarise its cargo stations and offices across the country to cut costs and reduce carbon emissions. Not only does the solar system produce more sustainable energy, but the programme also includes net-metering solution to promote distributed generation, an official said, adding that small wind turbines […]
PDWP approves two development schemes on November 20, 2021Punjab Provincial Development Working Party (PDWP) on Friday approved two development schemes of public building and agriculture sectors with an estimated cost of Rs4,620.278 million. The schemes were approved in the 40th PDWP meeting of the current fiscal year 2021-22, presided over by Chairman Planning and Development Board Abdullah Khan Sumbal. The approved development schemes […]
PSX loses 83 points to close at 46,110 on November 19, 2021The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed a slight bearish trend on Thursday, losing 83.92 points, with a negative change of 0.18 percent, closing at 46,110.50 points against 46,194.42 points on the last working day. A total of 263,550,835 shares were traded during the day compared to the trade of 238,493,279 shares […]
IRSA releases 112,307 cusecs water on November 18, 2021Indus River System Authority (IRSA) Wednesday released 112,307 cusecs water from various rim stations with an inflow of 45,051 cusecs. According to the IRSA, the water level in the Indus River at Tarbela Dam was 1486.89 feet, which was 94.89 feet higher than its dead level of 1,392 feet. Water inflow and outflow in the […]
UK inflation soars to near decade-high on energy bills on November 18, 2021British inflation spiked close to a decade-high in October partly on higher energy bills and resurgent post-lockdown demand, official data showed on Wednesday, sparking fresh talk of an interest rate hike. The annual rate jumped to 4.2 percent, the highest level since November 2011, the Office for National Statistics said in a statement. That followed […]
PSX turns around, gains 806 points to close at 46,542 on November 17, 2021The KSE 100-index of the Pakistan Stock Exchange (PSX) turned around on Tuesday and witnessed a bullish trend, gaining 806.65 points, with a positive change of 1.76 percent, closing at 46,542.91points against 45,736.26 points on the last working day. A total of 243,193,208 shares were traded during the day compared to the trade of 172,851,026 […]