Tue, 21-Oct-2025

Watch Live

logo-black

Download App

اردو

consumers

Gas load shedding intensified in major cities

by

Gas load shedding intensified in major cities Cuts have pushed citizens to purchase LPG cylinders Both domestic and commercial consumers ISLAMABAD: Due to unannounced load shedding of gas supply domestic and commercial consumers have been facing hardships across the country. The daily load shedding of gas has pushed the citizens to purchase expensive LPG cylinders. According … Read more

German gas consumers won’t be left out in the cold amid Uniper bailout, says Scholz

by
Olaf Scholz

German gas consumers will not be left to bear higher energy costs on their own. Chancellor Olaf Scholz promised relief measures in tandem with state bailout for Uniper. Welfare and housing benefit reforms, including addition of a heating cost component, will take effect next year. BERLIN, 22 JULY – German gas consumers will not be … Read more

K-Electric announces revised power outage timings

by
k electric

KARACHI: K-Electric has announced revised load shed schedule for customers effective from July 1, to provide relief to customers experiencing nighttime load shed, an official said. The shortfall in K-Electric territory has increased from an average of 250MW to 350MW to almost 450MW to 500MW due to rising temperatures and curtailed fuel supply. K-Electric spokesperson … Read more

Consumers in Australia are in a bad mood as a result of rising prices

by
Consumers

Westpac-Melbourne Institute index of consumers in Australia sentiment slumps 4.5% in June from May when it dropped 5.6%. The drop follows the Reserve Bank of Australia’s (RBA) decision to raise interest rates by a surprisingly large 50 basis points. A proportion of consumers in Australia slid for a seventh consecutive month to match pandemic lows … Read more

LESCO launches mobile app with different features to facilitate consumers

by

LAHORE: The electricity distribution company, Lahore Electric Supply Company (LESCO) on Monday launched a mobile application ‘LESCO Light’ with different features to facilitate its consumers. The inaugural ceremony of the application was attended by CEO LESCO Chaudhry Muhammed Ameen, Chairman Board of Directors Zahoor Hussain Syed, BOD members and all operation heads as well as … Read more

Making electronic money safer in DIGITAL AGE

by
DIGITAL AGE

Imagine you go to pay for your morning coffee and your stored-value card returns an error message, or the wallet in the payments app on your phone isn’t opening because the company providing the payment service has gone bankrupt. Worse, what if you live in a rural area and the e-money service provided through your … Read more

Saudi Arabia forms independent body to probe financial crimes

by
financial crimes

RIYADH: Saudi Arabia’s Public Prosecution on Tuesday announced the establishment of an independent specialised unit to investigate financial frauds, the Saudi Press Agency reported. Saudi Arabia is taking several measures to ensure the protection of consumers and businesses within the kingdom and from criminals operating outside. [embedpost slug=”/saudi-arabia-to-privatise-all-its-airports/”]

SNGPL agrees to wave of 66% ‘Take or Pay’ clause: minister

by
SNGPL

ISLAMABAD: The board of directors of the Sui Northern Gas Pipelines Limited (SNGPL) has agreed to waive 66 per cent “Take or Pay” clause for the government-owned liquefied natural gas (LNG) plants, a senior government official said. “In the long run, this will help reduce the capacity payments that the government has to pay to … Read more

Should we really worry about inflation?

by
inflation

PARIS: Whether it is the heating bill, pump prices or making the weekly run to the supermarket, consumers are having to dig deeper and deeper into family budgets. Inflation is complicating the recovery of individual consumers from the pandemic and putting the recovery of the global economy at risk. What does the data say? Inflation figures … Read more

Robinhood: Retail trade in cryptocurrency has slowed

by
Robinhood

The boom in retail investment had begun to slow, stock trading app Robinhood, which is set to go public next week, has warned of a potential slowdown in trading revenue and new consumers.

“We expect our revenue for the three months ending September 30, 2021, to be lower, as compared to the three months ended June 30, 2021, as a result of decreased levels of trading activity relative to the record highs in trading activity, particularly in cryptocurrencies, during the three months ended June 30, 2021, and expected seasonality,” Robinhood said in an amended prospectus released Monday.

The decline is occurring after a period of rapid expansion. The Menlo Park, California-based free-trading pioneer expects sales of $546 million to $574 million in the second quarter of 2021.

This increased from $244 million in the second quarter of 2020, with a 129 percent increase. In the second quarter of 2021, however, the business expects a net loss of $537 million to $487 million, compared to a profitable first quarter in 2020.

Robinhood, which provides equities, cryptocurrency, and options trading as well as cash management accounts, benefits from its customers’ more speculative trading habits. Options trading generates around 38% of revenue, while crypto generates 17% of revenue. In addition, margin and stock lending trading levels have risen in 2021.

Stagnation in options, margin trading, and crypto — with the price of bitcoin around $30,000 — might stifle Robinhood’s development as it prepares for one of the year’s most anticipated public debuts.

Robinhood also said it anticipates the growth rate of new customers “will be lower” in the third quarter of 2021, compared to the second quarter, “due to the exceptionally strong interest in trading, particularly in cryptocurrencies, we experienced in the three months ended June 30, 2021, and seasonality in overall trading activities,” the S1 said (S-1 is an SEC registration required for U.S. companies that want to be listed on a national exchange)

[embedpost slug=”ethereum-co-founder-resigns-citing-security-concerns”]

Read more

Consumers to get 43 paisas/unit cut in electricity bills

by
cut in electricity bills

The National Electric Power Regulatory Authority (Nepra) has decided a 43 paisas/kWh (unit) cut in electricity bills for April under the fuel adjustment charges, a notification issued by the authority said on Monday. The announced deduction would be adjusted for consumers in the bills of the subsequent month. According to the Nepra Act, the authority … Read more

Nyxo builds an app-based sleep training program

by
Nyxo builds an app-based sleep training program

Nyxo has started working to build an app-based sleep coaching program to help users track and improve their quality of sleep in a four-week program. Consumer health tech apps have always had a bit of an uphill battle when it comes to bringing complete experiences to customers. Data collection is a pain and you’re left … Read more

Seasonal lattes, hot chocolates contain up to 23 spoonfuls of sugar: Study

by
'Sugar overload' warning for festive hot drinks

Seasonal lattes and hot chocolates being sold by some High Street coffee chains can contain up to 23 spoonfuls of sugar per cup, a study has revealed. Action on Sugar analyzed more than 200 drinks and found “shockingly” large amounts of sugar in many of them. Some were made using vegan-friendly alternatives to cow’s milk. … Read more

New York: FreshDirect promises to deliver within mere hours

by
FreshDirect promises to deliver within less time

In New York, a city famous for always being on the go, grocery shopping can be time consuming. But Grocery Company ‘FreshDirect’ promises to deliver within mere hours fruit, fish and bottles of water ordered online, and it relies on its high-tech Bronx warehouse to keep up with demand. Orders ramping up ahead of Thanksgiving, … Read more

Rise in inflation causes shoot up of timber, coal by 25%

by
Rise in inflation causes shoot up of timber, coal by 25%

With the increase in cold temperatures in Multan, the load shedding of gas has increased which has resulted in shoot up of timber and coal by 25% by the toll owners. According to the details, load-shedding in various areas is on rise, causing domestic consumers to buy firewood for burning stoves and commercial consumer industries. … Read more

SSGC to operate through a ‘Unique’ system of payments

by

Sui Southern Gas Company (SSGC) has issued separate orders for rich and poor. According to the sources, the audit report 2017-18 has been released in which it was suspected that influential customers had been given relieves. Debts worth over 147 billion 289 crores were not received, as per the audit report. Consumers of power sectors … Read more

Power tariff likely to increase by Rs1.86

by
Power tariff likely to go up by Rs1.86 per unit

Power tariff is expected to go up as the Central Power Purchasing Agency (CPPA) has requested the National Electric Power Regulatory Authority (NEPRA) to jack up electricity rates by Rs1.86 paisa on account of fuel price adjustment. If granted, the increase in power rates will be for a month on account of fuel price adjustment … Read more

Menu

Latest

Entertainment

Lifestyle