The space race between the world’s two richest men went into hyperdrive on Tuesday after Tesla chief Elon Musk took a swipe at Jeff Bezos’ attempt to challenge a major NASA contract. The two billionaires, who have been trying to launch long-range orbital rockets, were competing for a coveted contract from the government to build مزید پڑھیں
Japanese car giant Honda said Friday it would aim to have electric and fuel cell vehicles account for 100 percent of all sales by 2040 to promote climate goals. The automaker’s newly appointed CEO Toshihiro Mibe described the target as “challenging” but said the firm wanted to “set high goals”. Honda has said it wants مزید پڑھیں
Gold rates dropped by Rs650 to Rs103,700 per tola in the domestic market on Tuesday. Likewise, the rate of 10 grams of yellow metal recorded an Rs556 drop and was traded at Rs88,906, according to Muhammad Arshad, chairman of the All Pakistan Jewelers Manufacturers Association. In the International market, gold gained on Tuesday as a مزید پڑھیں
Britain stepped up efforts on Monday to look at the case for a digital pound in response to the challenge posed by cryptocurencies such as bitcoin, and outlined plans to make its financial market more attractive after Brexit. “We’re launching a new taskforce between the Treasury and the Bank of England to coordinate exploratory work مزید پڑھیں
Daimler on Thursday unveiled the electric “sibling” of its flagship Mercedes-Benz S-Class luxury sedan, taking the fight to market-leader Tesla in the battle for market share as electric car sales take off. The EQS is the first in a family of Mercedes-Benz cars built on a dedicated electric vehicle platform built from the groundup. It مزید پڑھیں
Federal Minister for Finance Hammad Azhar on Thursday said Prime Minister Imran Khan has approved a reduction in petrol prices. The government has reduced the price of petrol by Rs1.79, following which it will be sold at 108.56 per litre from April 16. The premier has also approved reducing the prices of other petroleum products, مزید پڑھیں
The government is likely to slash prices of petroleum products by up to Rs2, reported on Thursday. The Oil and Gas Regulatory Authority (Ogra) has forwarded a summary to the Petroleum Division seeking revision of fuel prices for the next fifteen days starting April 16 (Friday). According to the summary, the regulatory has recommended a مزید پڑھیں
Pakistan’s car sales went up by 31 per cent in the first nine months of this fiscal year when compared to last year’s corresponding period, Planning and Development Minister Asad Umar said on Wednesday. Taking to Twitter, the minister said the private sector borrowing from banks, which is billed the most important macro indicator, registered مزید پڑھیں
The Pakistan Petroleum Limited has received Rs903.218 million from the National Accountability Bureau (NAB) against outstanding receivables from Byco Petroleum Pakistan Limited, the company announced on Monday. The PPL informed the Pakistan Stock Exchange (PSX) about it in a regulatory filing and said that the company would pursue for remaining over Rs253m. “In pursuance of مزید پڑھیں
The idea of forgiving debt held by poor countries in exchange for “green” investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall. Low-income countries face a double crisis — they are under pressure to pay down مزید پڑھیں
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