Business
Microsoft fires another 300 people after recent major layoff – Reports
Washington: US tech corporation Microsoft has cut its staff by more than 300 people after a major layoff in May, Bloomberg reported, citing a notice from the corporation to...
Business
U.S. to double steel, aluminum tariffs to 50 pct
New York: U.S. President Donald Trump announced Friday that he plans to double tariffs on steel and aluminum...
Business
Boeing strikes $1.1 bn deal with US DOJ to avoid prosecution over deadly 737 Max crashes
Arlington: Boeing has reached a non-prosecution agreement with the US Department of Justice (DOJ), allowing the aerospace company...
Business
Mexico continues negotiations with US on tariffs concerning steel, and automotive sectors
Mexico City: After a phone conversation with her U.S. counterpart, Mexican President Claudia Sheinbaum has decided to continue...
Business
US may reduce tariffs on China to 50 pc as part of trade agreement talks – Reports
Washington: The administration of US President Donald Trump is considering the possibility of reducing import tariffs on China...
Bangladesh to establish free trade zone
Dhaka: The Bangladeshi interim government has announced plans to establish a free trade zone (FTZ) in the country.According to a media release from the...
Tesla looking for CEO to remove Elon Musk – Reports
Washington: The board of directors of car automaker Tesla has begun a search for a successor to Elon Musk as CEO amid falling stock...
IMF cuts Pakistan growth forecast to 2.6 pc
Islamabad: The International Monetary Fund (IMF) has lowered Pakistan’s GDP growth forecast for fiscal year 2025 to 2.6 percent.In its April 2025 World Economic...
Adani Ports and SEZ commences operations at Colombo West Terminal
Colombo: Adani Ports and Special Economic Zone (APSEZ) has officially commenced operations at the Colombo West International Terminal (CWIT), days after the Sri Lanka...
US to consider TikTok proposal on Apr 2 – Reports
Washington: The United States will consider a final proposal over a potential TikTok deal on April 2, the CBS News broadcaster reported on Tuesday,...
IMF predicts minor downward adjustment in global economy growth due to tariffs – Georgieva
Washington: The International Monetary Fund (IMF) in its upcoming World Economic Outlook report forecasts a slight decline in global economic growth due to US...