business news

AFP/APPNew York: Wall Street stocks shot higher Wednesday afternoon after Federal Reserve Chair Jerome Powell said the central bank is "unlikely" to raise interest rates.Major indices were up about one percent or more after Powell…

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…

AFP/APPNew York: Tesla CEO Elon Musk faces heightened pressure with Tuesday's earnings report to reassure investors that recent stumbles are simply unexpected speed bumps -- and not indications of a road to decline.The electric car…

News Desk Islamabad: Development Communications Network (Devcom-Pakistan) will confer the Pakistan Environmental Award upon the best green initiatives to mark World Environment Day (WED) on June 4. This initiative aims to celebrate…

APPIslamabad: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday announced a waiver of the 50 percent membership fee for women chambers. President FPCCI Atif Ikram Sheikh, in a statement issued here,…

AFP/APPLondon: Oil prices fell further Wednesday but stocks diverged as traders tracked fallout from Iran's attack on Israel and assessed the outlook for interest rates.The top two global oil contracts fell more than one percent,…

News Desk Islamabad: Quaid-i-Azam University in Islamabad continues its legacy of being a pioneer in research and innovation, once again securing its position as the top-ranked university in the country and globally ranked 315th by QS…

APPPeshawar: Heavy rain hit hard, resulting in roads being swept away by closing all traffic between Chitral and Peshawar.A house was affected in Chitral city, and a girl child was injured and was shifted to District Headquarters…

AFP/APP New York: Wall Street stocks tumbled on Friday despite solid bank earnings as oil and gold prices shot up amid worries about a potential widening of conflict in the Middle East.After spending the entire session in the red,…

AFP/APP Washington: He wanted the US presidential election to be about "Bidenomics." Instead, it risks being about "Bidenflation."Joe Biden faces one of the biggest threats to his hopes of beating Donald Trump: rising prices that…