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Web Desk
Feb 10, 2025

Gold prices in Pakistan hit new all-time high

Silver also saw a significant rise, with per tola and 10-gram rates increasing by Rs43 and Rs37 to reach Rs3,373 and Rs2,891, respectively.

Business

Web Desk
Feb 10, 2025

KSE-100 closes at 111,377 points

On Monday, the KSE-100 index opened at 110,322.93 points, and rose to the morning’s highest at 110,845.17 points.

Business

Reuters
Feb 10, 2025

Nokia picks Intel’s AI and data center leader Hotard as new CEO

Lundmark, who was appointed as Nokia’s CEO in 2020, will stay on as an advisor to Hotard until the end of the year, the company said.

Business

Web Desk Karachi
Feb 10, 2025

BP faces pivotal moment as activist investor Elliott enters fray: Bloomberg

Elliott Investment Management, led by Paul Singer, has built a significant stake in the British energy giant, typically the first step in a playbook it has deployed to successfully push for change at many other big public companies.

Business

Web Desk Karachi
Feb 10, 2025

Trump unveils 25% tariffs on steel and luminum imports, targeting all countries

Additionally, Trump announced plans to introduce reciprocal tariffs this week targeting countries that impose taxes on US imports, which would be implemented “almost immediately” following the announcement, though he did not provide further specifics.

Business

AFP
Feb 10, 2025

Trump tells US Treasury to stop minting new pennies

The so-called Department of Government Efficiency — a cost-cutting initiative led by billionaire Elon Musk that has helped slash federal spending — highlighted the cost of producing pennies in a post on X in January.

Business

Reuters
Feb 10, 2025

Shares dither on global markets, dollar firm on trade war risk

German Chancellor Olaf Scholz said the European Union was ready to respond “within an hour” if the US levied tariffs on European goods, highlighting the risks of an escalating trade war.

Business

Reuters
Feb 10, 2025

Macron signals investments of 109 billion euros in French AI by private sector

The financing includes plans by Canadian investment firm Brookfield to invest 20 billion euros in AI projects in France and financing from the United Arab Emirates which could hit 50 billion euros in the years ahead.

Business

Reuters
Feb 10, 2025

Sony to offer PlayStation Plus users five-day extension after global outage

The outage, which began late Friday, left users unable to sign in, play online games or access its online store. By Saturday evening, the company said PSN had been restored.