Business
Business
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…
KOSPI Plunge Reaches 10.8% as Samsung, SK Hynix Sink
SEOUL, South Korea: The KOSPI plunged 10.84% on July 28 amid a global semiconductor sell-off and concerns over Chinese competition,…
Oil Prices Fall Nearly 2% as US-Iran Attacks Pause
SINGAPORE: Oil prices fell nearly 2% Tuesday as a pause in US-Iran attacks raised hopes for diplomacy and a recovery…
Singapore Monetary Policy Tightens in Surprise MAS Move
SINGAPORE: Singapore's monetary policy tightened unexpectedly on July 27, as the Monetary Authority of Singapore raised the appreciation rate of…
SBP Policy Rate Remains at 11.5% Amid Inflation Risks
KARACHI: The SBP policy rate remained unchanged at 11.5% on Monday, July 27, as the central bank assessed elevated inflation,…
KSE-100 Index Jumps 3.13% as Oil Falls on US-Iran Pause
KARACHI: The KSE-100 Index jumped as much as 5,356.81 points, or 3.13%, to 176,378.01 on Monday, July 27, as falling…
Gold Price Rises 1.4% as Oil Falls on US-Iran Pause
LONDON: The gold price rose 1.4% to $4,110.56 an ounce on Monday, July 27, as falling oil prices and a…
New Zealand Critical Minerals Plan Lacks Magnet Capacity
WELLINGTON: New Zealand’s critical minerals strategy has accelerated mining approvals and funded early processing projects, but it lacks the capacity…