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Business
Microsoft Announces $2.2 billion AI, Cloud Investment in Malaysia
AFP/APPKuala Lumpur: Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the country's AI infrastructure.The tech giant's chief executive Satya Nadella…
Amazon Triples Quarterly Profit as Cloud Surges
AFP/APPSan Francisco: E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived.Amazon shares were up more than 3 percent in after-market trades that…
Gold Rates Decrease by Rs 2,000 Per Tola to Rs 241,900
APPIslamabad: The per tola price of 24 karat gold decreased by Rs 2,000 and was sold at Rs 241,900 on Tuesday compared to its sale at Rs 243,900 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs 1,715…
PSX Witnesses Bearish Trend, Loses 592 Points
APPIslamabad: The 100-Index of the Pakistan Stock Exchange (PSX) witnessed a bearish trend on Tuesday, shedding 592.49 points, a negative change of 0.83 percent, closing at 71,102.55 points against 71,695.03 points the previous trading…
Exchange Rates for Exchange Notes
APPKarachi: Currency selling and buying USD 281.54275.12GBP 353.20 345.13EUR 301.39 295.07 JPY 1.79561.7546 SAR 75.07 73.35 AED…
Samsung Says Q1 Operating Profits Soar Nearly Tenfold On-Year
AFP/APPSeoul: Samsung Electronics said Tuesday that its first-quarter operating profits had risen nearly tenfold year-on-year amid recovering chip prices and growing demand, notably for generative AI.The firm is the flagship…
Tokyo Stocks Open Higher with Focus on Yen
AFP/APPTokyo: Tokyo stocks opened higher on Tuesday after gains on Wall Street, with a focus on the yen amid speculation of Japanese government intervention to prop up the currency.The benchmark Nikkei 225 index was up 0.96…
Asian Markets Build on Wall Street Rally, Yen Holds Bounce
AFP/APPHong Kong: Asian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.A…
Microsoft CEO Pledges $1.7 bn AI, Cloud Investment in Indonesia
AFP/APPJakarta: Microsoft's chief executive officer met the president of Indonesia on Tuesday, pledging a $1.7 billion investment in artificial intelligence and cloud computing to help develop the archipelago's AI infrastructure. …
Musk Leaves Beijing After Tesla Wins Key China Security Clearance
AFP/APPBeijing: Tesla boss Elon Musk boarded a plane departing Beijing on Monday, after a whistle-stop China visit during which the firm secured a key security clearance for the world's biggest electric car market.Musk arrived on…