Business
Business
Global Air Travel Demand Falls 1.7% in June
GENEVA, Switzerland: Global air travel demand fell 1.7% year on year in June 2026 as Middle East disruptions and weak…
Microsoft Revenue Hits $90 Billion as Azure Rises 43%
REDMOND: Microsoft Corp. (Nasdaq: MSFT) said its revenue rose 18% to US$90 billion in the fiscal fourth quarter, driven by…
Saudi Deposit Rollover Extends $5 Billion for Three Years
ISLAMABAD: A Saudi deposit rollover extended the maturity of US$5 billion held by Pakistan for three years, Finance Minister Muhammad…
KSE-100 Sell-Off Erases Nearly 2,000 Points Intraday
KARACHI, Sindh: The KSE-100 sell-off erased nearly 2,000 points intraday on July 29 as renewed Middle East attacks pushed oil…
Oil Prices Jump Over $3 After US-Saudi Iraq Strikes
SINGAPORE: Oil prices jumped more than $3 a barrel on Wednesday, July 29, after US-Saudi strikes in Iraq and Iran’s…
X Money Begins US Rollout With 6% APY, Visa Card
X Money began rolling out to selected US users on Monday, July 27, offering interest-bearing accounts, peer-to-peer payments and a…
Apple Market Cap Briefly Tops $5 Trillion for First Time
NEW YORK: Apple's market cap briefly crossed $5 trillion for the first time on Tuesday, July 28, making the iPhone…
Visa Layoffs to Eliminate 2,600 Jobs in Efficiency Push
SAN FRANCISCO: Visa layoffs will eliminate about 2,600 positions, or 7% of its global workforce, as Visa Inc. (NYSE: V)…
China Rejects ‘Overcapacity’ Claims in Sweeping Rebuttal Against US, EU
BEIJING, China: The China overcapacity dispute intensified on July 28 after the Ministry of Commerce rejected US and EU claims…