TAIPEI: Taiwanese tech giant Foxconn unveiled three electric vehicles on Monday, boosting its bid to be a major player in the rapidly expanding EV market, as it seeks companies to partner with. The world’s largest contract electronics maker, Foxconn already plays a lynchpin role in assembling Apple’s iPhones, as well as gadgets for a myriad … Read more
BEIJING: China’s power generation stood at 675.1 billion kilowatt-hours (kWh) in September, up 4.9 per cent on a year-on-year basis, the National Bureau of Statistics data showed on Monday. The growth rate was 4.7 percentage points faster than the previous month. The September power generation was 10.5 per cent higher, compared with the corresponding period … Read more
NEW YORK: More air in that bag of chips? Fewer flakes in your cereal box? You’re not imagining it: “Shrinkflation,” a tactic used by industry to hide price increases, is back in vogue. Facing the post-pandemic inflationary surge, partly fueled by bottlenecks in global supply and trouble finding workers, companies are under more pressure to … Read more
COLOMBO: Over 7,000 tourists have arrived in Sri Lanka so far this month, giving a boost to the country’s tourism industry which took a blow due to the COVID-19 pandemic, local media reported Monday. According to official figures, 7,096 tourists arrived in Sri Lanka from October 1 to October 13. Tourism Minister Prasanna Ranatunga said … Read more
DUBAI: Saudi retail giants BinDawood and Arabian Centers are expecting better days ahead following the government’s easing of pandemic-related restrictions, including allowing establishments to operate at full capacity, Arab News reported. The government announced last week it will lift social distancing measures in public places, allow double-vaccinated residents to now wear masks, and reopen holy … Read more
ISLAMABAD: Rice is the most important human food crop in the world, directly feeding more people than any other crop, a government official said. Speaking as the chief guest at the seminar on “Public Private Partnership in Rice towards Crop Sustainability and Farmers Livelihood”, organised by the Rice Partners (Pvt) Limited, Punjab Agriculture Minister Syed … Read more
RIYADH: Saudi Basic Industries Corporation (SABIC) recorded its highest price since September 2014, at SR134.60, Arab News reported. The stock is currently trading up just under 1 per cent, with trading exceeding 500,000 shares so far. The rise has pushed the stock up a staggering 120 per cent since March 2020. The Saudi company operates … Read more
CAIRO: In another sign that the Saudi Arabian economy is recovering from the Covid-19 pandemic, Aldrees Petroleum and Transport Services Co, one of the biggest operators of fuel stations in the kingdom, reported a 50 per cent net profit rise in the first nine months of 2021, Arab News reported. Profit rose from SR81.6 million … Read more
The trade surplus of the Euro area steeply shrank to EUR4.8 billion in August, compared with EUR20.7 billion in the previous month. This was mainly driven by a 26.6 per cent surge in imports as energy prices rose, Arab News quoted Eurostat data. In particular, imports of fuels and lubricants soared by 84.4 per cent … Read more
RIYADH: Saudi Arabia is charging several technology firms, including Uber Technologies Inc and its Dubai-based subsidiary Careem, with tax bills worth tens of millions of dollars, Bloomberg reported, citing people with knowledge of the matter. Uber and Careem face a combined bill worth around $100 million, it said. The claims are related to a dispute … Read more
NEW YORK: The Committee to Protect Journalists (CPJ), an independent watchdog body, Sunday called on authorities in Indian illegally occupied Jammu and Kashmir (IIOJ&K) to immediately release arrested journalists, cease detaining and questioning journalists, and commit to allowing the media to operate freely. “India needs to move quickly to improve its shameful record of harassing … Read more
ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Sunday said there was no threat to the Pakistan Tehreek e Insaf (PTI) government from the lame opposition and it would complete its constitutional term. “The government enjoys ideal relations with all the state institutions,” he said talking to people in Multan. Shah Mahmood Qureshi asked the opposition … Read more
WASHINGTON: China has tested a new space capability with a hypersonic missile, the Financial Times reported on Saturday. The report, citing multiple sources familiar with the test, said Beijing in August launched a nuclear-capable missile that circled the Earth at low orbit before descending toward its target, which three sources said it missed by over … Read more
KARACHI: A warehouse of firecrackers on Sunday morning caught fire in a residential area of Karachi, near MA Jinnah Road. All sorts of crackers went off with powerful sounds of different kinds, spreading panic among residents of the nearby houses. Clouds of smoke hovered over the multi-storey buildings. Three vehicles of fire brigade initially arrived … Read more
SHANGHAI: Swiss tech giant ABB will realise “robots make robots” in Shanghai, the company announced at the 2021 International Business Leaders’ Advisory Council for the Mayor of Shanghai held on Friday. According to Peter Voser, chairman of ABB, with a total investment of 150 million U.S. dollars, ABB’s new robotics factory in Shanghai will be … Read more
ISLAMABAD: The National Command and Operation Centre (NCOC) for the second consecutive day on Sunday reported coronavirus cases below 1,000-mark across Pakistan, showing a sign of recovery by far from the pandemic. Pakistan on Sunday reported 720 fresh coronavirus cases out of 44,831 tests conducted on Saturday, with a positivity ratio of 1.6 per cent. … Read more
LONDON: Experts are worried that it might be difficult to get the shots in those young arms as the authorisation of COVID-19 vaccines for US children aged 5 to 11 is approaching, The Guardian has reported. Only one third of US parents showed their willingness to vaccinate their child right away once a vaccine is … Read more
DUBAI: Pakistan have won their last 10 Twenty20 internationals in the United Arab Emirates and captain Babar Azam claims that will give his men the edge over India in their World Cup opener. The arch-rivals will meet in Dubai on October 24 in what will be the biggest clash of the tournament that starts Sunday … Read more
