Business

Two walkers look out over the City of London with HSBC and Citi Bank towers in the distance at Greenwich Park in London on January 16, 2012. Many economists now believe that the British central bank could increase its emergency stimulus plans next month to boost flagging economic growth while borrowing rates could remain on hold for the rest of 2012. Inflation is forecast to fall back much closer to the BoE's 2.0-percent target during 2012 but the British economy is still struggling to mount a recovery from the vicious 2009 recession under the pressure of government spending cuts and the eurozone debt drama. AFP PHOTO / JUSTIN TALLIS
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British economy holds up against Brexit headwinds, expanded by 0.3% in the Q2

Britain’s economy advanced slightly in the second quarter, pulled higher by the key services sector despite high inflation and uncertainty over Brexit, official data showed on Wednesday. Office for National…

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Wheat worth US$ 967,000 exported in preceding year

ISLAMABAD: 3,676 metric tons of wheat worth US$ 967,000 exported during previous financial year (2016-17) as compared the exports of corresponding period of last year. According the data of Pakistan…

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Nintendo waves back to profit on trade

On Wednesday, Nintendo said that it waved back to profit in the three months to June as the Switch console made more inroads into the global game market. Particularly of…

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Twitter no longer doom as earnings report begins

SAN FRANCISCO: Twitter Inc leads toward its quarterly earnings report with a stock that has risen more than 40 percent since April when much of Wall Street was ready to…

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Philips profit downs 33 percent in second quarter

Dutch electronics giant Philips posted a 32.9 percent fall in second quarter profits, hit mainly by the costs of spinning off its lighting business last year. Net income dropped to…

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Import of soyabean oil decreases, palm oil increases

ISLAMABAD: Imports of edible oil including soyabean and palm into the country during previous financial year (2016-17) decreased by 32.85 percent and increased by 12.85 percent respectively as compared the…

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BMW, Volkswagen, Daimler shares slip on EU analysis of German car makers

FRANKFURT: German auto stocks took a strike in early morning trading, weighed down by uncertainty over possible antitrust fines after European regulators said they were investigating allegations that carmakers were…

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Pakistan’s economy expected to weaken: IMF

DUBAI: The economies of countries in the Middle East and North Africa as well as Pakistan and Afghanistan to lessen to just 2.6 percent growth this year after unexpected performance…

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Global recovery on firmer footing: IMF

The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said…

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Sea food export boosts 21.35 percent during FY 2016-17

ISLAMABAD: Sea food Exports within the country during 12 months of previous financial year (2016-17) increased by 21.35 percent as compared the exports of the corresponding period of financial year…

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Microsoft profit mounts to $6.5 bn, switches to cloud computing

Microsoft reported that it’s periodically profit soared to $6.5 billion, lifted by its shift to computing services hosted in the internet cloud on Thursday. The US technology giant said revenue…

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Oil soars, Brent crude under $50, leads OPEC meeting

SINGAPORE: Oil prices climbed up ahead of a key meeting of major oil producing nations next week, but Brent held below the $50 per barrel level that was briefly busted…

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