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Silicon Valley

Apple’s self-driving car effort stuck in low gear: report

SAN FRANCISCO: Apple’s quest to produce a viable self-driving car remains stalled despite years of work, with its...

Published 18 Jul, 2022 06:22am

Technology

Google's new California offices bank on in-person work

MOUNTAIN VIEW, United States: Roofs coated with canopy-like solar panels and indoor spaces awash in sunlight: Google...

Published 29 Jun, 2022 03:06pm

Technology

Key Facebook force Sheryl Sandberg steps down

SAN FRANCISCO: Meta’s second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she ...

Published 06 Jun, 2022 05:57am

Pakistan

US-Pakistan relationship: Ambassador Masood highlights role of American Pakistanis

KARACHI: The Invest in Pakistan Conference was held in the Plug n’Play Centre at the Silicon Valley in Sunnyvale,...

Published 27 May, 2022 07:04am

Business & Finance

‘Invest in Pakistan Forum-2022’ held in Silicon Valley

SAN JOSE: The “Invest in Pakistan” Forum was held in San Jose, Silicon Valley. In his welcome address, ...

Published 19 May, 2022 06:58am

Business & Finance

‘Invest in Pakistan conference’ to be held in US

KARACHI: WANZ Group organized a reception in honour of top leadership academia, businessmen and elite of the IT...

Published 16 May, 2022 05:42am

Markets

Ukraine’s key IT sector booming despite Russian invasion

LVIV: Ukraine’s IT sector is booming despite the Russian invasion. Workers with stickers on their laptops recline...

Published 15 May, 2022 06:43am

Markets

Musk's Twitter deal at risk of being repriced lower

Short-seller Hindenburg Research warned on Monday that Elon Musk's $44-billion deal to take Twitter Inc private ...

Updated 09 May, 2022 11:12pm

Technology

Pakistan’s Oware raises $3.3mn in pre-seed round

Startup provides warehousing and distribution solutions, will use funds to further fuel product development and talent acquisition

Updated 28 Apr, 2022 08:11pm

Technology

Musk discloses 9.2% stake in Twitter, share price soars

Tesla Inc boss Elon Musk on Monday disclosed a 9.2% stake in Twitter Inc, worth nearly $3 billion, making him the...

Updated 05 Apr, 2022 11:12am

World

Judge delays Theranos founder sentencing to September

SAN FRANCISCO: A federal judge on Wednesday set a September date for the sentencing of fallen biotech star Elizabeth...

Published 13 Jan, 2022 10:06am

Business & Finance

Elizabeth Holmes: Silicon Valley's fallen star

SAN FRANCISCO: Elizabeth Holmes's startup Theranos made her a multi-billionaire hailed as the next US tech visionary...

Published 04 Jan, 2022 10:15am

Business & Finance

Developer of automated cargo planes draws $100m investment

NEW YORK: Reliable Robotics, a Silicon Valley startup aiming to automate conventional fixed-wing planes to ferry...

Published 15 Oct, 2021 04:08am

Technology

Elon Musk says Tesla moving headquarters to Texas

SAN FRANCISCO: Tesla chief Elon Musk told investors on Thursday that the leading electric vehicle maker is moving ...

Published 08 Oct, 2021 10:02am

Pakistan

ICT sector: President for institutional framework to encourage foreign investment

ISLAMABAD: President Dr Arif Alvi on Thursday called for establishing an institutional framework to encourage the...

Published 24 Sep, 2021 04:40am

Opinion

'Metaverse': the next internet revolution?

Imagine a world where you could sit on the same couch as a friend who lives thousands of miles away, or conjure up a...

Published 29 Jul, 2021 04:48am

Technology

Facebook remote work made permanent as offices re-open

Apple is reportedly facing employee resistance to its plan to bring employees back to the office.

Published 10 Jun, 2021 10:07am

World

Eight killed in California shooting, suspect dead

SAN JOSÉ: The suspect in a mass shooting that killed eight people at a California rail yard Wednesday was an...

Published 27 May, 2021 03:41am

Business & Finance

SoftBank beats Japanese record for annual net profit

TOKYO: Investment giant Softbank Group on Wednesday reported the best ever annual net profit for a Japanese company,...

Published 13 May, 2021 03:10am

Technology

Apple, Facebook deliver more blockbuster profits for tech

The surging influence of Big Tech firms, including Amazon, which reports earnings Thursday, has led to calls for increased regulation, higher taxes and stronger antitrust enforcement to foster more competition.

Published 29 Apr, 2021 10:52am

Technology

Apple adds podcast subscriptions

SAN FRANCISCO: Apple is adding a subscription option to its pioneering podcasting service, evidently moving to fend...

Updated 22 Apr, 2021 09:50am

Business & Finance

Silicon Valley self-driving startup Gatik works with Isuzu to build delivery trucks

Gatik, which has raised nearly $30 million so far, said its trucks are owned by a major fleet operator which it isn't yet disclosing. So far it has been using the Ford Transit chassis for its existing fleet of autonomous delivery trucks.
Ford Motor Co Executive Chairman Bill Ford's venture capital fund Fontinalis Partners is an early investor in Gatik, according to Narang.

Published 06 Apr, 2021 10:14am

Business & Finance

SoftBank Group net profit soars to $11.1bn in third quarter

Net profit for October-December hit 1,171.9 billion yen, more than 21 times higher than the 55.0 billion yen reported a year earlier, the conglomerate said.

Published 08 Feb, 2021 11:55am

Markets

Silicon Valley venture capital firm TCV raises $4bn for latest fund

The announcement follows a record year for US venture capital firms which raised $73.6 billion in 2020.

Updated 27 Jan, 2021 11:23pm

Business & Finance

Embattled Intel says earnings better than expected

SAN FRANCISCO: Intel said Thursday that earnings topped prior expectations, as the computer chip giant faces ...

Published 25 Jan, 2021 04:23am

Business & Finance

Aeva to work with Denso on 'mass market' lidar sensors

Aeva's sensor works on a principle called frequency modulated continuous wave, or FMCW.
Denso is the world's second-largest automotive supplier, working closely with automakers such as Toyota Motor Corp.

Published 19 Jan, 2021 06:25pm

Business & Finance

Elon Musk says had once reached out to Apple for acquiring Tesla

Apple's automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design its own vehicle from scratch.

Published 23 Dec, 2020 10:51am

Business & Finance

Musk tweets he reached out to Apple's Tim Cook for acquiring Tesla

“He refused to take the meeting,” said Musk replying to a Twitter chain which cited a Reuters story on Apple targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology on Monday.

Published 23 Dec, 2020 02:57am

Technology

Tesla's rise made 2020 the year the US auto industry went electric

Tesla's market capitalization surged above $600 billion, making the once wobbly startup founded by billionaire Elon Musk worth more than the five top-selling global vehicle making groups combined.

Published 21 Dec, 2020 11:22am

World

Tesla's Musk relocates to Texas from California; compares himself to war general

Musk said tech companies in Silicon Valley had too much influence on the world and predicted a decrease in their power.

Published 09 Dec, 2020 11:01am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 16 786 Investments Limited(786)	4.91 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 16 Al-Abbas Sugar Mills Limited(AABS)	290.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 16 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 16 Allied Bank Limited(ABL)	69.85 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 16 Abbott Laboratories (Pakistan) Limited(ABOT)	622.22 ▼ 0.00 (0.00%)
Abson Ind. / Aug 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 16 Alfalah Consumer Index ETF.(ACIETF)	8.00 ▼ 0.00 (0.00%)
Attock Cement / Aug 16 Attock Cement Pakistan Limited(ACPL)	75.88 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Aug 16 786 Investments Limited(786)	4.91 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 16 Al-Abbas Sugar Mills Limited(AABS)	290.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 16 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 16 Allied Bank Limited(ABL)	69.85 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 16 Abbott Laboratories (Pakistan) Limited(ABOT)	622.22 ▼ 0.00 (0.00%)
Abson Ind. / Aug 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 16 Alfalah Consumer Index ETF.(ACIETF)	8.00 ▼ 0.00 (0.00%)
Attock Cement / Aug 16 Attock Cement Pakistan Limited(ACPL)	75.88 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 12	216.50
USD PKR Interbank Buying / Aug 12	215.50
USD to Japanese Yen / Aug 12	133.42
USD to Swiss Franc / Aug 12	0.94
Pound Sterling to USD / Aug 12	1.21
Euro to USD / Aug 12	1.03
UK LIBOR % / Aug 12	2.32

Stock	Volume
S&P 500 / Aug 12	4280.15
India Sensex / Aug 12	59462.78
Tokyo Nikkei / Aug 12	28546.98
Nasdaq / Aug 12	13047.19
Hang Seng / Aug 12	20175.62
FTSE 100 / Aug 12	7500.89
Dow Jones / Aug 12	33761.05
Germany DAX 30 / Aug 12	13795.85
France CAC40 / Aug 12	6553.86

Item	Value
Crude Oil USD/Barrel / Aug 12	92.09
Karachi Cotton PKR/37.32 KG / Aug 12	17735.00
Gold 10 Grams PKR / Aug 12	129600.00
Gold Spot USD/Ounce / Aug 12	1802.40
Cotton US¢/pound / Aug 12	108.59

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