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Web Desk Karachi
Dec 23, 2024

Spotify sold $1.25 billion stocks in 2024, including $900 million payouts for co-founders

Shares have nearly tripled in 2024, hovering near a $100 billion market capitalisation.

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Web Desk
Dec 23, 2024

Widespread gas crisis in Karachi forces residents to rely on expensive LPG

Karachi is facing a “severe gas crisis” during the cold winter, forcing residents to turn to expensive LPG as a substitute.

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Web Desk
Dec 23, 2024

Monday morning brings 3,000 points hike for PSX

The growth experienced by the KSE-100 index in the past several weeks as well as the fluctuations are part of the correction periods.

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Reuters
Dec 23, 2024

Starbucks workers expand strike in US cities, including New York

The company says the disruptions from the strike have no significant impact on its operations.

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AFP
Dec 23, 2024

UK sport streaming giant DAZN buys Foxtel In $2.1 billion deal

Under the agreement, Foxtel’s debt will be refinanced and shareholder loans valued at US $361 million, outstanding will be repaid in full in cash.

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Web Desk Karachi
Dec 23, 2024

FBR Chief rules out mini budget, plans algorithmic detection for tax evasion

Reveals that the top 1% of income earners in Pakistan are underreporting their taxes by approximately Rs1.2 trillion each year.

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Web Desk
Dec 23, 2024

Champions Trophy: Dubai confirmed as neutral location

Dubai International Cricket Stadium has been the home ground for Pakistan between 2009 and 2018 and will now be the neutral venue for next year’s champions trophy contests involving India.

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Web Desk Karachi
Dec 23, 2024

Power Ministry confirms circular debt management on track with IMF agreement

The objective is to maintain circular debt additions at below Rs461 billion by the end of December 2024,

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Reuters
Dec 23, 2024

Gold prices edge higher on short covering after weekly loss

Spot gold edged higher on Monday, supported by short covering after a weekly loss on Friday due to the Federal Reserve’s cautious stance on rate cuts in the upcoming year.

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Reuters
Dec 23, 2024

Oil prices recover following US data signalling softer inflation, policy optimism

Oil prices inched higher on Monday, along with other risk assets, after US data showed cooling inflation, reviving hopes of further policy easing next year that will support global economic growth and oil demand.