Javier Milei was in the middle of his first television interview as Argentina’s president-elect when an adviser abruptly handed him a mobile phone. The cameras stopped rolling. Pope Francis was on the line. The world’s two most powerful Argentines had traded barbs throughout the election that Milei won in a landslide last November. The foul-mouthed … Read more
Music rights company Reservoir Media has reported a solid jump in revenue for its fiscal Q3 (calendar Q4) ended December 31, 2023, and raised its outlook for the full year. The New York-headquartered company reported revenue of USD $35.48 million for the quarter ending December 31, 2023, an increase of 14% YoY on an … Read more
If you’re building a list of the most important stocks in the market, Tesla Inc. has to be on it. Or does it? That’s part of a growing debate on Wall Street, where shares of Elon Musk’s electric-vehicle maker are tanking as the rest of the market rallies — and the company is warning that … Read more
It is widely expected to seek a bailout from IMF after new government takes charge An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — Reuters Rupee gained slightly against dollar in interbank market. Currency advisory firm terms political situation “fluid”. Uncertainty could affect confidence of investors, creditors. KARACHI: … Read more
KARACHI: The poultry industry, facing multiple challenges, including high volatility in price manipulation following feed mills in the country, has witnessed a downfall instead of growth, with an overall 40% reduction in the industry due to ill-planned strategies. Industry pundits attribute this decline to the ill-planned and mismanaged broiler breeding sector, lack of ideal … Read more
ISLAMABAD: A new legally mandated fiscal policy statement has revealed the worst economic management by the coalition government of the Pakistan Democratic Movement, resulting in expenditures over Rs2.2 trillion higher than budgeted and a 25% increase in the debt burden for every citizen. The Ministry of Finance’s Fiscal Policy Statement 2024 showed a sharp … Read more
design: Ibrahim Yahya KARACHI: Pakistan’s long overdue economic reforms and privatisation programme may become more challenging in the face of the potential installation of a coalition government as no political party has won a clear majority in Thursday’s general elections. The new administration is expected to opt for old solutions that have already been … Read more
SAPM says overseas employment of Pakistanis will contribute to national economic stability via remittances Group photo of Pakistani professionals ready to depart abroad on international careers in this undated photo taken from a video. — Facebook/JawadSohrabMalik In a landmark moment for employment mobility, 600 Pakistani professionals embarked on international careers, following the successful negotiation … Read more
Elon Musk gestures during an event with the Disney castle as a backdrop. — Disney/File Elon Musk made an odd cameo on the Los Angeles red carpet this past weekend for the premiere of Lola — a small independent film that Nicola Peltz, an American actress, co-directed — and hinted at plans of purchasing Disney. … Read more
Rights organisations, politicians, businesses, and international observers all cried foul as the federal caretaker government went back on its earlier assurances to keep internet services up and going. Amnesty International made a statement one hour after polls closed at 5PM calling the barring of cellular services calling the decision to suspend telecommunications and mobile … Read more