Business
OpenAI closes 6.6 billion dollars funding haul with investment from Microsoft and Nvidia
October 5, 2024
OpenAI closes 6.6 billion dollars funding haul with investment from Microsoft and Nvidia
NEW YORK: OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157…
Countries, businesses and trade officials urge EU to rethink deforestation regulation
October 5, 2024
Countries, businesses and trade officials urge EU to rethink deforestation regulation
JAKARTA: A growing number of governments, international trade organizations and businesses are urging the European Union to reconsider a deforestation…
Toyota to delay US EV production to 2026 amid slowing sales, Nikkei reports
October 5, 2024
Toyota to delay US EV production to 2026 amid slowing sales, Nikkei reports
TOKYO: Toyota Motor will postpone the start of electric-vehicle production in North America to the first half of 2026 due…
US bans new types of goods from China over allegations of forced labor
October 5, 2024
US bans new types of goods from China over allegations of forced labor
WASHINGTON: The Department of Homeland Security announced that it would ban the import of goods from a Chinese steel manufacturer…
IMF says escalation of Middle East conflict poses economic risks
October 5, 2024
IMF says escalation of Middle East conflict poses economic risks
DUBAI: The International Monetary Fund said on Thursday, an escalation of the conflict in the Middle East could have significant…
FAO reports fastest rise in global food prices since March 2022
October 5, 2024
FAO reports fastest rise in global food prices since March 2022
DUBAI: The global food prices saw their fastest rise in over a year, with the Food and Agriculture Organization (FAO)…
Oil prices jump again on worries about the Middle East as Wall Street fades
October 5, 2024
Oil prices jump again on worries about the Middle East as Wall Street fades
NEW YORK: Crude prices jumped Thursday on worries that worsening tensions in the Middle East could disrupt the global flow…
Gold rates decrease by Rs700 per tola to Rs275,500
October 5, 2024
Gold rates decrease by Rs700 per tola to Rs275,500
ISLAMABAD: The per tola price of 24 karat gold decreased by Rs700 and was sold at Rs275,500 on Saturday compared…
Oil prices flat as Middle East conflict counters ample supply outlook
October 4, 2024
Oil prices flat as Middle East conflict counters ample supply outlook
SINGAPORE: Oil prices were subdued on Friday, but remained on track for strong weekly gains, as investors weighed the prospect…
Pakistani rupee gains 23 paisa against US dollar
October 4, 2024
Pakistani rupee gains 23 paisa against US dollar
KARACHI: Pakistani rupee (PKR) on Friday appreciated by 23 paisa against the US dollar (USD) in the interbank trading and…