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Print - 2018-09-10
Cyber insurance market to double by 2020, says Munich Re

Cyber insurance market to double by 2020, says Munich Re

The market for insurance against cyber threats will double by 2020 to over 8 billion dollars, German reinsurance giant Munich Re told a conference in Monaco on Sunday. "Cyber risks are one of the biggest threats to the networked economy," Munich Re board
Published 10 Sep, 2018 12:00am
Cyber insurance market to double by 2020, says Munich Re

Cyber insurance market to double by 2020, says Munich Re

The market for insurance against cyber threats will double by 2020 to over 8 billion dollars, German reinsurance giant Munich Re told a conference in Monaco on Sunday. "Cyber risks are one of the biggest threats to the networked economy," Munich Re board
Published 10 Sep, 2018 12:00am
Cyber insurance market to double by 2020, says Munich Re

Cyber insurance market to double by 2020, says Munich Re

The market for insurance against cyber threats will double by 2020 to over 8 billion dollars, German reinsurance giant Munich Re told a conference in Monaco on Sunday. "Cyber risks are one of the biggest threats to the networked economy," Munich Re board
Published 10 Sep, 2018 12:00am
Hydro-power plant inaugurated in South Waziristan

Hydro-power plant inaugurated in South Waziristan

Deputy Commander Kanigaram area, Colonel Ali Jafri on Sunday inaugurated a hydropower plant built with cooperation of Pakistan Army in South Waziristan. In the first phase, electricity has been provided to residents of 100 homes of Badar Gigakhel area on
Published 10 Sep, 2018 12:00am
Hydro-power plant inaugurated in South Waziristan

Hydro-power plant inaugurated in South Waziristan

Deputy Commander Kanigaram area, Colonel Ali Jafri on Sunday inaugurated a hydropower plant built with cooperation of Pakistan Army in South Waziristan. In the first phase, electricity has been provided to residents of 100 homes of Badar Gigakhel area on
Published 10 Sep, 2018 12:00am
Hydro-power plant inaugurated in South Waziristan

Hydro-power plant inaugurated in South Waziristan

Deputy Commander Kanigaram area, Colonel Ali Jafri on Sunday inaugurated a hydropower plant built with cooperation of Pakistan Army in South Waziristan. In the first phase, electricity has been provided to residents of 100 homes of Badar Gigakhel area on
Published 10 Sep, 2018 12:00am
North Korea military parade features floats and flowers, not missiles

North Korea military parade features floats and flowers, not missiles

With no long-range missiles on display, North Korea staged a military parade on Sunday focused on conventional arms, peace and economic development as it marked the 70th anniversary of the country's founding. The reduced display compared to past years ear
Published 10 Sep, 2018 12:00am
North Korea military parade features floats and flowers, not missiles

North Korea military parade features floats and flowers, not missiles

With no long-range missiles on display, North Korea staged a military parade on Sunday focused on conventional arms, peace and economic development as it marked the 70th anniversary of the country's founding. The reduced display compared to past years ear
Published 10 Sep, 2018 12:00am
Gulf, US commanders to hold talks in Kuwait

Gulf, US commanders to hold talks in Kuwait

Gulf Arab army chiefs, including Qatar's military commander, will meet with US Central Command officials for talks on defence cooperation this week, a Kuwaiti official said Sunday. Speaking on condition of anonymity as he was not authorised to brief the p
Published 10 Sep, 2018 12:00am
Gulf, US commanders to hold talks in Kuwait

Gulf, US commanders to hold talks in Kuwait

Gulf Arab army chiefs, including Qatar's military commander, will meet with US Central Command officials for talks on defence cooperation this week, a Kuwaiti official said Sunday. Speaking on condition of anonymity as he was not authorised to brief the p
Published 10 Sep, 2018 12:00am
Trump facing a 'coup', ex-White House chief

Trump facing a 'coup', ex-White House chief

US President Donald Trump is facing a "coup", former White House chief strategist Steve Bannon told Reuters, pointing to an anonymous column in the New York Times detailing resistance within the Trump administration. "What you saw the other day was as ser
Published 10 Sep, 2018 12:00am
Trump facing a 'coup', ex-White House chief

Trump facing a 'coup', ex-White House chief

US President Donald Trump is facing a "coup", former White House chief strategist Steve Bannon told Reuters, pointing to an anonymous column in the New York Times detailing resistance within the Trump administration. "What you saw the other day was as ser
Published 10 Sep, 2018 12:00am
Tobacco sector: upward trend in collection witnessed

Tobacco sector: upward trend in collection witnessed

An upward trend in revenue collection of the Federal Board of Revenue (FBR) from tobacco sector has been witnessed during last three fiscal years after introduction of third slab of FED on cigarettes from Rs 111 billion in 2015-16, Rs 74 billion in 2016-1
Published 10 Sep, 2018 12:00am
Tobacco sector: upward trend in collection witnessed

Tobacco sector: upward trend in collection witnessed

An upward trend in revenue collection of the Federal Board of Revenue (FBR) from tobacco sector has been witnessed during last three fiscal years after introduction of third slab of FED on cigarettes from Rs 111 billion in 2015-16, Rs 74 billion in 2016-1
Published 10 Sep, 2018 12:00am
Tobacco sector: upward trend in collection witnessed

Tobacco sector: upward trend in collection witnessed

An upward trend in revenue collection of the Federal Board of Revenue (FBR) from tobacco sector has been witnessed during last three fiscal years after introduction of third slab of FED on cigarettes from Rs 111 billion in 2015-16, Rs 74 billion in 2016-1
Published 10 Sep, 2018 12:00am
Exit polls put Swedish Social Democrats ahead, far-right make gains

Exit polls put Swedish Social Democrats ahead, far-right make gains

Swedish Prime Minister Stefan Lofven's Social Democrats looked poised to take the lead in Sunday's general election, exit polls showed, with the far-right making gains. A TV4 exit poll predicted the Social Democrats would win 25.4 percent of votes, while
Published 10 Sep, 2018 12:00am
Exit polls put Swedish Social Democrats ahead, far-right make gains

Exit polls put Swedish Social Democrats ahead, far-right make gains

Swedish Prime Minister Stefan Lofven's Social Democrats looked poised to take the lead in Sunday's general election, exit polls showed, with the far-right making gains. A TV4 exit poll predicted the Social Democrats would win 25.4 percent of votes, while
Published 10 Sep, 2018 12:00am
At least seven killed in suicide attack on Kabul commemorations

At least seven killed in suicide attack on Kabul commemorations

A suicide bomber on a motorbike blew himself up near a convoy of gunmen commemorating the death anniversary of a famed resistance leader in Kabul on Sunday, killing at least seven people, officials said. There was no immediate claim of responsibility for
Published 10 Sep, 2018 12:00am
At least seven killed in suicide attack on Kabul commemorations

At least seven killed in suicide attack on Kabul commemorations

A suicide bomber on a motorbike blew himself up near a convoy of gunmen commemorating the death anniversary of a famed resistance leader in Kabul on Sunday, killing at least seven people, officials said. There was no immediate claim of responsibility for
Published 10 Sep, 2018 12:00am
Import of urea may be allowed

Import of urea may be allowed

Finance Minister, Asad Umar is likely to allow import of urea to meet domestic requirements after a deadlock was reached with local fertilizer industry on the issue of subsidy, well informed sources told Business Recorder. The final decision, howe
Published 10 Sep, 2018 12:00am
Import of urea may be allowed

Import of urea may be allowed

Finance Minister, Asad Umar is likely to allow import of urea to meet domestic requirements after a deadlock was reached with local fertilizer industry on the issue of subsidy, well informed sources told Business Recorder. The final decision, howe
Published 10 Sep, 2018 12:00am
Import of urea may be allowed

Import of urea may be allowed

Finance Minister, Asad Umar is likely to allow import of urea to meet domestic requirements after a deadlock was reached with local fertilizer industry on the issue of subsidy, well informed sources told Business Recorder. The final decision, howe
Published 10 Sep, 2018 12:00am
Meeting discusses: PTI government's media strategy

Meeting discusses: PTI government's media strategy

Prime Minister Imran Khan on Sunday chaired a meeting at his Banigala residence to chalk out media strategy for highlighting his government performance and brining the previous government's alleged lavish spending. According to the media office of the PTI
Published 10 Sep, 2018 12:00am
Meeting discusses: PTI government's media strategy

Meeting discusses: PTI government's media strategy

Prime Minister Imran Khan on Sunday chaired a meeting at his Banigala residence to chalk out media strategy for highlighting his government performance and brining the previous government's alleged lavish spending. According to the media office of the PTI
Published 10 Sep, 2018 12:00am
China - Pakistan Economic Corridor: Pakistan, China renew commitment

China - Pakistan Economic Corridor: Pakistan, China renew commitment

Prime Minister Imran Khan on Sunday expressed his government''s commitment for implementation of China-Pakistan Economic Corridor (CPEC) projects. He reiterated this commitment during a meeting with Chinese State Councilor and Foreign Minister Wang Yi who
Published 10 Sep, 2018 12:00am
China - Pakistan Economic Corridor: Pakistan, China renew commitment

China - Pakistan Economic Corridor: Pakistan, China renew commitment

Prime Minister Imran Khan on Sunday expressed his government's commitment for implementation of China-Pakistan Economic Corridor (CPEC) projects. He reiterated this commitment during a meeting with Chinese State Councilor and Foreign Minister Wang Yi who
Published 10 Sep, 2018 12:00am
China - Pakistan Economic Corridor: Pakistan, China renew commitment

China - Pakistan Economic Corridor: Pakistan, China renew commitment

Prime Minister Imran Khan on Sunday expressed his government's commitment for implementation of China-Pakistan Economic Corridor (CPEC) projects. He reiterated this commitment during a meeting with Chinese State Councilor and Foreign Minister Wang Yi who
Published 10 Sep, 2018 12:00am
Futures spread down by 625 basis points

Futures spread down by 625 basis points

The futures spread declined by 625bps to 4.34 percent on the last day of outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 71.7 percent to 42.36 million shares. The average daily trading value dec
Published 10 Sep, 2018 12:00am
Futures spread down by 625 basis points

Futures spread down by 625 basis points

The futures spread declined by 625bps to 4.34 percent on the last day of outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 71.7 percent to 42.36 million shares. The average daily trading value dec
Published 10 Sep, 2018 12:00am
Equities spiral down

Equities spiral down

Pakistan Stock Exchange remained under pressure during the outgoing week ended on September 7, 2018 due to selling in various sectors. BRIndex100 lost 93.68 points on week-on-week basis to close at 4,389.50 points from previous week''s close of 4,483.18 l
Published 10 Sep, 2018 12:00am
Equities spiral down

Equities spiral down

Pakistan Stock Exchange remained under pressure during the outgoing week ended on September 7, 2018 due to selling in various sectors. BRIndex100 lost 93.68 points on week-on-week basis to close at 4,389.50 points from previous week's close of 4,483.18 le
Published 10 Sep, 2018 12:00am
Equities spiral down

Equities spiral down

Pakistan Stock Exchange remained under pressure during the outgoing week ended on September 7, 2018 due to selling in various sectors. BRIndex100 lost 93.68 points on week-on-week basis to close at 4,389.50 points from previous week's close of 4,483.18 le
Published 10 Sep, 2018 12:00am
Oil refineries ''illegally'' collecting deemed duty on HSD

Oil refineries ''illegally'' collecting deemed duty on HSD

Oil refineries continue to collect deemed duty at the rate of 7.5 percent on total sales from consumers of High Speed Diesel (HSD) since 2002 without upgrading their plants or depositing the amount collected in an escrow account as approved by the Economi
Published 10 Sep, 2018 12:00am
Oil refineries 'illegally' collecting deemed duty on HSD

Oil refineries 'illegally' collecting deemed duty on HSD

Oil refineries continue to collect deemed duty at the rate of 7.5 percent on total sales from consumers of High Speed Diesel (HSD) since 2002 without upgrading their plants or depositing the amount collected in an escrow account as approved by the Economi
Published 10 Sep, 2018 12:00am
Oil refineries 'illegally' collecting deemed duty on HSD

Oil refineries 'illegally' collecting deemed duty on HSD

Oil refineries continue to collect deemed duty at the rate of 7.5 percent on total sales from consumers of High Speed Diesel (HSD) since 2002 without upgrading their plants or depositing the amount collected in an escrow account as approved by the Economi
Published 10 Sep, 2018 12:00am
Government may run power sector SOEs on PPP mechanism

Government may run power sector SOEs on PPP mechanism

The Imran Khan administration is reportedly exploring the option to run power sector State Owned Entities (SOEs) on Public Private Partnership (PPP) mechanism. Well informed sources told Business Recorder that this decision was taken by the Finance
Published 10 Sep, 2018 12:00am
Government may run power sector SOEs on PPP mechanism

Government may run power sector SOEs on PPP mechanism

The Imran Khan administration is reportedly exploring the option to run power sector State Owned Entities (SOEs) on Public Private Partnership (PPP) mechanism. Well informed sources told Business Recorder that this decision was taken by the Finance
Published 10 Sep, 2018 12:00am
Government may run power sector SOEs on PPP mechanism

Government may run power sector SOEs on PPP mechanism

The Imran Khan administration is reportedly exploring the option to run power sector State Owned Entities (SOEs) on Public Private Partnership (PPP) mechanism. Well informed sources told Business Recorder that this decision was taken by the Finance
Published 10 Sep, 2018 12:00am
World unprepared for next financial crisis: ex-IMF chief

World unprepared for next financial crisis: ex-IMF chief

The world is less well equipped to manage a major financial crisis today than it was a decade ago, according to Dominique Strauss-Kahn, a former chief of the International Monetary Fund (IMF). In an interview with AFP, the now-disgraced Strauss-Kahn - who
Published 10 Sep, 2018 12:00am
World unprepared for next financial crisis: ex-IMF chief

World unprepared for next financial crisis: ex-IMF chief

The world is less well equipped to manage a major financial crisis today than it was a decade ago, according to Dominique Strauss-Kahn, a former chief of the International Monetary Fund (IMF). In an interview with AFP, the now-disgraced Strauss-Kahn - who
Published 10 Sep, 2018 12:00am
World unprepared for next financial crisis: ex-IMF chief

World unprepared for next financial crisis: ex-IMF chief

The world is less well equipped to manage a major financial crisis today than it was a decade ago, according to Dominique Strauss-Kahn, a former chief of the International Monetary Fund (IMF). In an interview with AFP, the now-disgraced Strauss-Kahn - who
Published 10 Sep, 2018 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

The rupee retained present levels against the dollar on rising demand for the US currency during the week, ended on September 8, 2018. The rupee managed to hold present levels against the dollar for buying and selling at Rs 124.24 and Rs 124.25.
Published 10 Sep, 2018 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

The rupee retained present levels against the dollar on rising demand for the US currency during the week, ended on September 8, 2018. The rupee managed to hold present levels against the dollar for buying and selling at Rs 124.24 and Rs 124.25.
Published 10 Sep, 2018 12:00am
Democracy strengthening in country: CoAS

Democracy strengthening in country: CoAS

Chief of Army Staff General Qamar Javed Bajwa has said that democracy is strengthening in the country and it will become stronger in the days to come. The Army Chief reportedly stated this on the eve of oath-taking ceremony of President Dr Arif Alvi at th
Published 10 Sep, 2018 12:00am
Democracy strengthening in country: CoAS

Democracy strengthening in country: CoAS

Chief of Army Staff General Qamar Javed Bajwa has said that democracy is strengthening in the country and it will become stronger in the days to come. The Army Chief reportedly stated this on the eve of oath-taking ceremony of President Dr Arif Alvi at th
Published 10 Sep, 2018 12:00am
Dr Arif Alvi sworn in as 13th President

Dr Arif Alvi sworn in as 13th President

Dr Arif Alvi was sworn in as 13th president of Pakistan on Sunday, further consolidating the power of the newly-elected government of Pakistan Tehreek-e-Insaf (PTI) in the centre. Dr Alvi, a dentist by profession, is one of the founding members of the PTI
Published 10 Sep, 2018 12:00am
Dr Arif Alvi sworn in as 13th President

Dr Arif Alvi sworn in as 13th President

Dr Arif Alvi was sworn in as 13th president of Pakistan on Sunday, further consolidating the power of the newly-elected government of Pakistan Tehreek-e-Insaf (PTI) in the centre. Dr Alvi, a dentist by profession, is one of the founding members of the PTI
Published 10 Sep, 2018 12:00am
Green passport blacklisted: diplomatic passports of Dar, wife cancelled

Green passport blacklisted: diplomatic passports of Dar, wife cancelled

Ministry of Interior has reportedly cancelled the diplomatic passport of former finance minister Ishaq Dar and his wife. Sources said that the directorate of passport and immigration has also put the normal/green passport of Ishaq Dar in black list and al
Published 10 Sep, 2018 12:00am
Green passport blacklisted: diplomatic passports of Dar, wife cancelled

Green passport blacklisted: diplomatic passports of Dar, wife cancelled

Ministry of Interior has reportedly cancelled the diplomatic passport of former finance minister Ishaq Dar and his wife. Sources said that the directorate of passport and immigration has also put the normal/green passport of Ishaq Dar in black list and al
Published 10 Sep, 2018 12:00am
The Weather

The Weather

The weather report on Sunday (September 09, 2018) and the forecast for Monday (September 10, 2018).

Published 10 Sep, 2018 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 03 to 07, 2018).

Published 10 Sep, 2018 12:00am
Saudi market reverses some losses after last week's plunge

Saudi market reverses some losses after last week's plunge

Gulf stock markets closed on a positive note on Sunday, reversing some of their losses earlier in the day. The Saudi index in particular ended up gaining 0.6 percent, after having plunged last week on foreign investors' concerns over emerging markets vola
Published 10 Sep, 2018 12:00am
Russia to see higher daily inflows of FX
Currency

Russia to see higher daily inflows of FX

Russia's finance ministry will see daily inflows of foreign currency increase in September, but that will have a limited impact on the currency market, a Reuters survey showed on Tuesday and The finance ministry will get 18.5 billion roubles ($271.20 mill
Published 10 Sep, 2018 12:00am
Canadian dollar to rally
Currency

Canadian dollar to rally

Canada's dollar is likely to rally over the coming months, according to foreign exchange strategists in a Reuters poll, who forecast that trade uncertainty will fade and the Bank of Canada will continue to raise interest rates.
Published 10 Sep, 2018 12:00am
Kenya's Nairobi Securities Exchange aims to double data revenue

Kenya's Nairobi Securities Exchange aims to double data revenue

Kenya's Nairobi Securities Exchange(NSE) aims to double revenue from its data business in the next few years to help cushion against periodic drops in trading, its chief executive said on Thursday. Investors have retreated from emerging and frontier marke
Published 10 Sep, 2018 12:00am
Credit default swap use declines as post-crisis regulations bite

Credit default swap use declines as post-crisis regulations bite

The declining use of credit default swaps among investors to hedge credit risks has fuelled a drive to use other products such as exchange traded bond funds, according to a study by Greenwich Associates published on Wednesday.
Published 10 Sep, 2018 12:00am
Credit default swap use declines as post-crisis regulations bite

Credit default swap use declines as post-crisis regulations bite

The declining use of credit default swaps among investors to hedge credit risks has fuelled a drive to use other products such as exchange traded bond funds, according to a study by Greenwich Associates published on Wednesday.
Published 10 Sep, 2018 12:00am
Chinese Yunji taps banks for US IPO

Chinese Yunji taps banks for US IPO

Chinese e-commerce portal Yunji Weidian has hired investment banks for an initial public offering it plans to launch in the United States early next year, a source with direct knowledge of the matter said on Wednesday. Yunji hopes to fetch a valuation of
Published 10 Sep, 2018 12:00am
Chinese Yunji taps banks for US IPO

Chinese Yunji taps banks for US IPO

Chinese e-commerce portal Yunji Weidian has hired investment banks for an initial public offering it plans to launch in the United States early next year, a source with direct knowledge of the matter said on Wednesday. Yunji hopes to fetch a valuation of
Published 10 Sep, 2018 12:00am
Goldman drops bitcoin trading plans for now
Currency

Goldman drops bitcoin trading plans for now

Goldman Sachs Group Inc is ditching plans to open a desk for trading cryptocurrencies as the regulatory framework for crypto remains unclear, Business Insider reported on Wednesday, citing people familiar with the matter. In recent weeks, Goldman executiv
Published 10 Sep, 2018 12:00am
Spain start Enrique reign with win in England

Spain start Enrique reign with win in England

Spain began a new era under Luis Enrique in impressive fashion as they came from a goal down to outplay England in a 2-1 win in their Nations League opener at Wembley Stadium on Saturday. Eight weeks after their memorable World Cup run was ended by Croati
Published 10 Sep, 2018 12:00am
European club football profitable for first time

European club football profitable for first time

European football's top-division clubs made a profit for the first time on record in 2017 as their collective revenue surpassed 20 billion euros ($23.10 billion), UEFA research showed. European soccer's governing body attributed the success to its Financi
Published 10 Sep, 2018 12:00am
Cook holds firm in farewell to strengthen England's grip on fifth test

Cook holds firm in farewell to strengthen England's grip on fifth test

Alastair Cook's typically grinding effort of 46 not out in his final Test innings before international retirement left England in a strong position in the fifth Test against India at the Oval on Sunday. England were 114 for two in their second innings at
Published 10 Sep, 2018 12:00am
Mo Farah wins Fifth straight Great North Run

Mo Farah wins Fifth straight Great North Run

Mo Farah delivered a dominant performance to claim a record fifth victory in the Great North Run on Sunday in the latest step in his bid to win a major marathon. The British runner led from the front to cross the line in 59min 26sec, just four seconds sho
Published 10 Sep, 2018 12:00am
Fitzpatrick wins playoff to defend European Masters title

Fitzpatrick wins playoff to defend European Masters title

Matthew Fitzpatrick edged out Denmark's Lucas Bjerregaard in a playoff on Sunday to become the first man to successfully defend the European Masters title at Crans Montana since Seve Ballesteros 40 years ago. The 24-year-old Englishman, who missed out on
Published 10 Sep, 2018 12:00am
Salah scores twice, misses two penalties

Salah scores twice, misses two penalties

Liverpool ace Mohamed Salah scored twice and missed two penalties as Egypt made a dream debut under Mexican coach Javier Aguirre by crushing Niger 6-0 Saturday in Africa Cup of Nations qualifying. Salah had clashed with Egyptian football officials ahead o
Published 10 Sep, 2018 12:00am
Senegal and Madagascar draw in tragic Africa Cup of Nations game

Senegal and Madagascar draw in tragic Africa Cup of Nations game

At least one person was killed and nearly 40 were injured in a stampede ahead of an Africa Cup of Nations qualifier Sunday in which Madagascar hit back twice to draw 2-2 with Senegal. The casualty figures were confirmed by the director of a hospital in th
Published 10 Sep, 2018 12:00am
Hamza, Noor win National Junior Squash titles

Hamza, Noor win National Junior Squash titles

Promising Hamza Sharif of Khyber Pakhtunkhwa and Noor Zaman of PAF Squash Academy Peshawar clinched the National Junior Under-17 and Under-15 Squash Championship titles here at PAF Squash Academy on Sunday.
Published 10 Sep, 2018 12:00am
Serena fined $17,000

Serena fined $17,000

Serena Williams has been fined $17,000 for the code violations she received during the US Open final, the United States Tennis Association (USTA) said on Sunday. During Saturday's match, which she lost 6-2 6-4 to Japan's Naomi Osaka, Williams, was handed
Published 10 Sep, 2018 12:00am
Osaka wins US Open after Serena 'umpire thief' meltdown
Kerb

Osaka wins US Open after Serena 'umpire thief' meltdown

Naomi Osaka became the first Japanese to win a Grand Slam singles title on Saturday as her idol Serena Williams angrily imploded, calling the chair umpire in the US Open final "a thief". Osaka, 20, triumphed 6-2, 6-4 in the match marred by Williams's seco
Published 10 Sep, 2018 12:00am
Tech nostalgia on show at Berlin's IFA

Tech nostalgia on show at Berlin's IFA

For many consumers, rewinding cassettes, carefully placing a needle on a record or shaking dry a Polaroid photo may all feel like long-forgotten gestures from a bygone era. But they're everywhere to be seen again at Berlin's IFA tech show, albeit it with
Published 10 Sep, 2018 12:00am
Berlin fair a dreamland for wannabe sandmen of 'sleep tech'

Berlin fair a dreamland for wannabe sandmen of 'sleep tech'

As people in developed nations increasingly obsess over the quality of their 40 winks, technology companies are cashing in with so-called "sleep tech" - gadgets to stop wearers snoring or collect data on their sleep cycles. At Berlin's IFA - Europe's larg
Published 10 Sep, 2018 12:00am
Lesotho emerges as unlikely testbed for 5G revolution

Lesotho emerges as unlikely testbed for 5G revolution

The mountainous kingdom of Lesotho in southern Africa has become an unexpected test venue for high-speed 5G mobile technology that is set to revolutionise global communication, transport and entertainment. Two companies in the country's tiny capital Maser
Published 10 Sep, 2018 12:00am
Google to unveil new Pixel phone on October 6

Google to unveil new Pixel phone on October 6

Google on Thursday sent out invitations to an October 6 event at which it is expected to unveil new models of its Android-powered Pixel smartphones. Invitations displayed little more than the internet titan's logo along with the time and place of the even
Published 10 Sep, 2018 12:00am
Cinema 4D R20 to be available worldwide shortly

Cinema 4D R20 to be available worldwide shortly

MAXON Computer announces the immediate availability of Cinema 4D Release 20 (R20). The next generation of the professional 3D application contains high-end tools and features for VFX and motion graphics artists, including a node-based material system, new
Published 10 Sep, 2018 12:00am
Germany concerned about possible 'sleeper' cyber sabotage

Germany concerned about possible 'sleeper' cyber sabotage

A growing number of countries can hack into private computer networks and install malicious software to sabotage another country's infrastructure, Germany's domestic spy chief said. China, Russia and other countries continued to try to break into German c
Published 10 Sep, 2018 12:00am
Youth Mobile Festival 'YoMo' to begin on September 12

Youth Mobile Festival 'YoMo' to begin on September 12

The GSMA September 5 announced the launch of the Youth Mobile Festival (YoMo), an exciting, hands-on educational experience for young people between the ages of six to 18. Building on its success in Barcelona, YoMo Los Angeles will inspire future generati
Published 10 Sep, 2018 12:00am
Qatar Airways rethinks Indian plans due to foreign ownership rules

Qatar Airways rethinks Indian plans due to foreign ownership rules

Qatar Airways is reviewing plans for its own domestic Indian airline due to "confusing" foreign ownership rules and could work with a partner in India or take a stake in IndiGo instead, its chief executive said on Tuesday. The state-owned Gulf carrier has
Published 10 Sep, 2018 12:00am
Bayer profits plunge as Monsanto buyout bites

Bayer profits plunge as Monsanto buyout bites

Investors offered a tepid response to German chemicals and pharmaceuticals giant Bayer as it reported higher revenues but lower profits for the second quarter on Wednesday, in its first financial statement since its mammoth takeover of US-based Monsanto.
Published 10 Sep, 2018 12:00am
Bayer profits plunge as Monsanto buyout bites

Bayer profits plunge as Monsanto buyout bites

Investors offered a tepid response to German chemicals and pharmaceuticals giant Bayer as it reported higher revenues but lower profits for the second quarter on Wednesday, in its first financial statement since its mammoth takeover of US-based Monsanto.
Published 10 Sep, 2018 12:00am
Uber launches taxi-hailing app in Japan's Nagoya

Uber launches taxi-hailing app in Japan's Nagoya

Uber Technologies on Thursday said it would launch a taxi-hailing app for taxis operating in Nagoya, as the US firm tries to expand its foothold in a country where it has been blocked from offering its own ridesharing service. The US firm said it was work
Published 10 Sep, 2018 12:00am
ExxonMobil to build petchem plant, LNG terminal in China

ExxonMobil to build petchem plant, LNG terminal in China

ExxonMobil Corp has signed a deal to build a petrochemical complex and liquefied natural gas (LNG) terminal in southern China, state media reported, the second major foreign investment in the world's top chemical market in as many months. China is allowin
Published 10 Sep, 2018 12:00am
MSCI to launch tradeable index with Saudi exchange in fourth quarter

MSCI to launch tradeable index with Saudi exchange in fourth quarter

Global index provider MSCI said on Tuesday it had signed an agreement with the Saudi Stock Exchange Co (Tadawul) to jointly launch a tradeable index later this year in a move that could spur the growth of derivatives and exchange-traded funds. Tadawul sai
Published 10 Sep, 2018 12:00am
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