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Tuesday, May 13, 2025

World

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 from 145% to 50-54% as early as next week as part...

Russia-US trade shrunk to level ‘unbecoming’ of great powers – Mission to UN

United Nations: US President Donald Trump understands that trade relations between Msocow and Washington have gotten to an...

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...

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...

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...
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Spotify to cut 6 pct of global workforce

San Francisco: Music streaming service company Spotify announced on Monday that it will lay off about 6 percent of its global workforce, impacting some...

Twitter Lost 80 pc of its workforce under Elon Musk – Reports

Washington: The number of employees at Twitter has decreased by about 80% since US entrepreneur Elon Musk’s multibillion-dollar acquisition, CNBC reports citing internal company...

Amazon overtakes Apple as world’s most valuable brand despite losing $51bln

Washington: Amazon has reclaimed top spot as the world's most valuable brand despite losing $51 billion this year, or 15% of its value, according...

Microsoft to fire approximately 11,000 workers amid slowing world economy – Reports

Washington: US tech giant Microsoft is set to fire approximately 11,000 workers to address the impacts of a slowing world economy, Sky News reported.The...

Fast food giant McDonalds to make job cuts: Reports

Washington: Fast food titan McDonald's is planning to cut some of its corporate staff, CNN reported citing a company memorandum."We will evaluate roles and...

Meta hit with 390 mn euro fine for data breaches

Dublin: Facebook parent company Meta Ireland has been fined a total of 390 million euros (413 million US dollars) for breaches of European Union...
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