business news

News Desk WASHINGTON: Tech billionaire Elon Musk announced on Monday that he plans to give every child in the United States a share in his rocket company, SpaceX. The initiative, which he revealed on social media platform X, aims to…

News Desk BEIJING: Chinese artificial intelligence pioneer DeepSeek has officially surpassed a $1 billion annualized revenue run rate, propelled by strategic API price adjustments that have rapidly accelerated its commercial monetization…

News Desk LONDON: Tata Steel has formally approached the government for fresh financial intervention as the deepening crisis within the global steel manufacturing sector threatens operational stability and thousands of jobs. The…

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…