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Web Desk Syed Raza Hassan
Jul 02, 2025

KSE-100 makes history by crossing 130,000 mark

It is improved the economic indicators that are sustaining the bullish trend, which has made the Pakistan Exchange one of the best performers in the world, showcased by the current record-breaking streak.

Business

Web Desk
Jul 02, 2025

PSX adds to yesterday’s rally, touches record high

The PSX rally comes partly due to the prevalent optimism associated with the new fiscal year and stability after budget announcement.

Business

Web Desk Karachi
Jul 02, 2025

Google faces $314 million verdict over unauthorized Android data collection

A state court jury in San Jose issued the verdict Tuesday following a trial over a class-action lawsuit, according to lawyers for consumers and a spokesperson for the company.

Business

Web Desk Karachi
Jul 02, 2025

Oracle announces record $30 billion cloud contract, expected to boost revenue in 2028

The $30 billion deal ranks among the largest cloud contracts on record. That revenue alone would represent nearly three times the size of Oracle’s current infrastructure business, which totalled $10.3 billion over the past four quarters.

Business

Web Desk Karachi
Jul 02, 2025

ECB President Lagarde signals vigilance as Eurozone inflation reaches target

In June, the annual inflation rate in the euro area edged up to 2%, the first increase since January, reinforcing the ECB’s cautious approach as it continues its disinflation efforts.

Business

Reuters
Jul 02, 2025

Ferrari unveils new ‘Amalfi’ petrol coupe ahead of EV launch

The eight-cylinder, 3.85-litre Amalfi replaces and upgrades the successful 2019 Roma in the entry segment of Ferrari’s range and comes just two months after the launch of the 296 Speciale hybrid car and its convertible version.

Business

Reuters
Jul 02, 2025

Goldman Sachs names Raghav Maliah as global chairman of investment banking

Maliah will continue to serve as co-head of mergers & acquisitions in Asia Pacific, and head of the Technology, Media, and Telecommunications Group in Asia Pacific Ex-Japan, according to the memo.

Business

Web Desk Karachi
Jul 02, 2025

Australian airline Qantas confirms cybersecurity incident, no financial data compromised

On June 30, the Australian airline identified “unusual activity” on a platform used by its contact centre to store data belonging to six million individuals, including names, email addresses, phone numbers, birth dates, and frequent flyer numbers.

Business

Web Desk Karachi
Jul 02, 2025

Bank of England plans major banknote redesign after 50 years

Since 1970, notable figures such as Sir Winston Churchill, who appears on the current £5 note, have been featured on banknotes. However, these figures may soon be replaced or complemented by new themes.