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Coronavirus
VERY HIGH
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11024hr
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745,182
536424hr
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261,173
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20,662
Islamabad
68,665
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103,419

Industry

Russia's Yandex to launch e-grocery delivery in Paris then London
Industry

Russia's Yandex to launch e-grocery delivery in Paris then London

  • Russia's e-commerce market boomed last year as lockdown restrictions kept shoppers at home, with Yandex.Lavka, a 15-minute grocery delivery service, one of the main beneficiaries.
  • Yango, the international arm of Yandex Go, the firm's taxi aggregator and food tech business, launched the grocery service in Israel under the Yango Deli brand late last year.
Published 16 Apr, 2021 05:33pm
Spain's cement consumption jumps 53pc in March as construction recovers
Industry

Spain's cement consumption jumps 53pc in March as construction recovers

  • Cement consumption rose to 1.41 million tons in March, recovering from a slump last year and moving 9.3% above the level recording in March 2019, the Oficemen data showed.
  • As building projects resumed in the summer of 2020, when the lockdown ended, Oficemen expects annual consumption in 2021 to remain stable from 2020.
Published 16 Apr, 2021 04:27pm
Insurer UnitedHealth raises 2021 profit view after upbeat quarter
Industry

Insurer UnitedHealth raises 2021 profit view after upbeat quarter

  • Revenue from the company's main growth driver, Optum unit, which manages drug benefits and offers healthcare data analytics services, rose 10% to $36.4 billion.
  • The company reported adjusted earnings of $5.31 per share, beating estimates of $4.38 per share, according to IBES data from Refinitiv.
Published 15 Apr, 2021 04:11pm
PepsiCo bets on higher soda sales as restaurants reopen
Industry

PepsiCo bets on higher soda sales as restaurants reopen

  • "We are assuming that vaccination efforts will accelerate and population mobility will improve," Chief Executive Officer Ramon Laguarta said.
  • "This should benefit the foodservice channel as and when travel, lodging, dining, education, and entertainment trends accelerate."
Published 15 Apr, 2021 04:21pm
Fitch Ratings gets UAE regulator license
Industry

Fitch Ratings gets UAE regulator license

  • The license, effective as of April 6, allows Fitch to provide credit ratings for "onshore" entities listed in SCA-controlled stock exchanges, including the Dubai Financial Market and Abu Dhabi Securities Exchange, Fitch said in a statement.
Published 14 Apr, 2021 05:52pm
Dollar General to hire up to 20,000 workers as economy rebounds
Industry

Dollar General to hire up to 20,000 workers as economy rebounds

  • But the number was lower than the more than 50,000 workers the company hired around the same time last year, which was nearly double its normal hiring rate, to support a surge in sales at its stores at the height of COVID-19 lockdowns.
  • The discount retailer said in a statement on Wednesday that it would host hiring events from this month to fill positions in its stores, distribution centers and corporate offices.
Published 14 Apr, 2021 05:29pm
India's Infosys posts 17.5pc fourth-quarter profit jump
Industry

India's Infosys posts 17.5pc fourth-quarter profit jump

  • The company won large deals worth a total of $2.1 billion in the quarter and added 130 clients, up from 84 additions in the same period last year.
  • Infosys posted consolidated net profit of 50.76 billion rupees ($675.39 million) in the three months to March 31, up from 43.21 billion rupees a year earlier.
Published 14 Apr, 2021 05:15pm
PCSTSI, PIA sign MoU
Industry

PCSTSI, PIA sign MoU

PESHAWAR: Peshawar Chamber of Small Traders and Small Industries (PCSTSI) and Pakistan International Airlines (PIA)...
Updated 14 Apr, 2021 10:11am