Barclays Announces 5,000 Job Cuts as AI Transforms Banking Landscape
LONDON: Barclays Bank has announced plans to cut approximately 5,000 jobs as part of a strategic overhaul aimed at adapting to the rapid advancements...
Business
China Brain-Computer Interface Market Set to Hit $920 Million by 2028
BEIJING: China’s brain-computer interface market is projected to expand rapidly and reach an estimated valuation of $920 million by 2028, propelled by aggressive national...
Punjab Government Imposes Rs10.6 Million Fine on Traders for Overpricing
LAHORE: The Punjab food safety and consumer protection department has levied fines totaling Rs10.627 million on traders across the province for overpricing essential commodities...
Starbucks China Implements New Policy Requiring Purchases for Seating
BEIJING: Starbucks has announced a new policy in China that requires customers to make a purchase in order to secure a seat in its...
World Bank Initiates Support for Pakistani Start-Ups with $50 Million Fund
ISLAMABAD: The World Bank is set to bolster Pakistan’s entrepreneurial landscape by facilitating private investment and enhancing access to risk capital for innovative, high-growth...
Maldives President and CDF Munir Highlight Need for Enhanced Defence Ties
ISLAMABAD: Chief of Defence Forces (CDF) Field Marshal Asim Munir and Maldivian President Dr. Mohamed Muizzu emphasized the critical need to strengthen bilateral defence...
Punjab Launches Rs300 Billion Interest-Free Loan Programme for Businesses
LAHORE: The Punjab government has unveiled a substantial Rs300 billion financing programme aimed at supporting local businesses through interest-free loans of up to Rs100...
McCormick Acquires Majority Stake in Unilever Pakistan Foods Amid Global Shift
KARACHI: US-based McCormick & Company has announced its acquisition of at least 76.55 percent shareholding in Unilever Pakistan Foods Limited, according to a regulatory...
Anthropic Faces $80.7 Billion Loss Amid Rising Bond Valuations
SAN FRANCISCO: AI company Anthropic has reported a staggering net loss of $80.7 billion for the first half of 2026, primarily attributed to the...
UK Approves Jackdaw Gas Field, Impacting Climate Goals and Energy Policy
LONDON: The UK government has officially approved the development of the Jackdaw gas field, a significant move that could reshape the nation’s energy landscape...