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EU hits Apple with music streaming charge in boost for Spotify

EU says Apple distorts competition in music streaming.
Preliminary finding is a victory for Spotify.
Apple says EU view is 'opposite of fair competition'.

Published 30 Apr, 2021 06:13pm

Sports

Spotify CEO says he has ‘secured funds’ to buy Arsenal from owner Kroenke

Kroenke and his son and director Josh put out a joint statement on Tuesday saying that they remain "100% committed to Arsenal" and were not interested in selling a stake in the club despite furious backlash from the fans.
"I want to establish trust with fans and I want to engage the fans again," Ek told business channel CNBC.

Published 28 Apr, 2021 07:38pm

Technology

Apple adds podcast subscriptions as competition mounts

Industry tracker eMarketer last month said that Spotify has been growing quickly and that its podcasting service is on track to have more listeners in the United States than Apple Podcasts this year.

Published 21 Apr, 2021 11:38am

Business & Finance

Coinbase wows in Nasdaq debut amid cryptocurrency frenzy

As a result of this craze, Coinbase's revenue has increased almost tenfold in the course of a year to $1.8 billion in the first quarter, according to company estimates.

Published 15 Apr, 2021 10:24am

Business & Finance

Coinbase brings cryptocurrencies to Wall Street

Another factor that could put Coinbase at a disadvantage is its commissions, which the company uses to earn money.

Updated 13 Apr, 2021 04:32pm

Life & Style

Spotify streams: Listeners enjoy over 70m songs

KARACHI: Last month, Spotify was available to music lovers in Pakistan. Since then, users have been able to listen ...

Published 01 Apr, 2021 04:10am

Life & Style

Streaming drives 7.4pc global music growth in 2020

PARIS: The global recorded music business grew by 7.4 percent last year, an industry body said Tuesday, as streaming...

Published 24 Mar, 2021 05:10am

Life & Style

Spotify launches site explaining how it pays artists

PARIS: Spotify launched a new website Thursday addressing questions on how rights-holders are paid amid growing...

Published 22 Mar, 2021 04:18am

Pakistan

Spotify launched in Pakistan

KARACHI: Spotify, the world's most popular audio streaming subscription service, officially launched in Pakistan,...

Published 27 Feb, 2021 04:29am

Pakistan

Spotify now available to listeners in Pakistan for free

Spotify offers free service with an upgrade to Spotify Premium, a subscription service that allows users to enjoy music without ad interruptions
The service comes to Pakistan with an unrivalled mix of features and the freedom to play across a wide range of devices and app integrations

Published 24 Feb, 2021 01:00pm

Technology

Spotify to launch its services in Pakistan soon

Spotify has announced that it will be launching its services in Pakistan, Nigeria, Bangladesh, and more than 80 new markets in the next few days, in a recent tweet.

Published 23 Feb, 2021 04:22pm

Technology

Fortnite's Epic takes Apple feud to Europe

Apple has angrily called the complaints by Spotify and others as "baseless", describing them as sour grapes by companies that do not want to play by the same rules as everyone else.

Published 17 Feb, 2021 03:05pm

Business & Finance

Spotify outlook weakens as pandemic uncertainty persists

Premium subscribers, who account for most of Spotify's revenue, were up 24% from a year earlier.
The company expects total premium subscribers in the range of 155 million to 158 million for the first quarter.

Published 03 Feb, 2021 06:39pm

Technology

Amazon buys Wondery to Expand into the Podcast Industry

Amazon acquires one of the last major independent podcast network, Wondery, yesterday.

Published 31 Dec, 2020 05:03pm

Technology

Spotify Might Soon be Launching in Pakistan

Spotify recently created a verified Instagram account for Pakistan, instilling hopes about its launch in Pakistan.

Published 16 Nov, 2020 04:49pm

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Oct 4 Security Investment Bank Limited(SIBL)	4.50 ▲ 0.79 (21.29%)
F.Credit & Inv / Oct 4 First Credit and Investment Bank Limited(FCIBL)	5.75 ▲ 1.00 (21.05%)
Premier Insurance / Oct 4 Premier Insurance Limited(PINL)	7.11 ▲ 1.00 (16.37%)
Punjab Mod / Oct 4 First Punjab Modaraba(FPJM)	1.59 ▲ 0.19 (13.57%)
Jubilee Spinning / Oct 4 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	4.50 ▲ 0.49 (12.22%)
Hala Enterprise / Oct 4 Hala Enterprises Limited(HAEL)	9.99 ▲ 1.00 (11.12%)
Tariq Corp.Pref. / Oct 4 Tariq Corporation Limited-Preference Shares(TCORPCPS)	10.34 ▲ 1.00 (10.71%)
PICIC Ins.Ltd. / Oct 4 PICIC Insurance Limited(PIL)	0.79 ▲ 0.06 (8.22%)
Ghandhara Tyre / Oct 4 Ghandhara Tyre & Rubber Company Limited(GTYR)	25.05 ▲ 1.75 (7.51%)
Crescent Steel / Oct 4 Crescent Steel & Allied Products Limited(CSAP)	26.36 ▲ 1.84 (7.50%)

Stock	Price
Samba Bank / Oct 4 Samba Bank Limited(SBL)	8.10 ▼ -0.90 (-10.00%)
Aisha Steel(ConPS) / Oct 4 Aisha Steel(ConPS)(ASLPS)	7.50 ▼ -0.67 (-8.20%)
Sunrays Textile / Oct 4 Sunrays Textile Mills Limited(SUTM)	92.50 ▼ -7.50 (-7.50%)
Baba Farid Sugar / Oct 4 Baba Farid Sugar Mills Limited(BAFS)	26.82 ▼ -2.17 (-7.49%)
S.S.Oil / Oct 4 S.S.Oil Mills Limited(SSOM)	77.75 ▼ -6.25 (-7.44%)
Hussain Industries / Oct 4 Husein Industries Limited(HUSI)	14.26 ▼ -1.14 (-7.40%)
Al-Shaheer Corp / Oct 4 Al Shaheer Corporation Limited(ASC)	9.53 ▼ -0.72 (-7.02%)
Idrees Tex. / Oct 4 Idrees Textile Mills Limited(IDRT)	14 ▼ -1.00 (-6.67%)
Tri-Star Mutual / Oct 4 Tri-Star Mutual Fund Limited(TSMF)	4.20 ▼ -0.29 (-6.46%)
Leather Up Ltd. / Oct 4 Leather Up Limited(LEUL)	10.02 ▼ -0.69 (-6.44%)

Stock	Volume
WorldCall Telecom / Oct 4 Worldcall Telecom Limited(WTL)	120,944,650 ▲ 0.09
Cnergyico PK / Oct 4 Cnergyico PK Limited(CNERGY)	19,001,237 ▼ -0.01
Pak Refinery / Oct 4 Pakistan Refinery Limited(PRL)	12,149,331 ▲ 0.28
Bankislami Pak. / Oct 4 BankIslami Pakistan Limited(BIPL)	10,647,810 ▼ -0.51
Oil & Gas Dev. / Oct 4 Oil & Gas Development Company Limited(OGDC)	9,902,658 ▼ -0.25
Unity Foods Ltd / Oct 4 Unity Foods Limited(UNITY)	8,538,353 ▼ -0.54
K-Electric Ltd. / Oct 4 K-Electric Limited(KEL)	6,049,235 ▲ 0.02
Maple Leaf Cement / Oct 4 Maple Leaf Cement Factory Limited(MLCF)	5,883,038 ▲ 0.47
Habib Bank / Oct 4 Habib Bank Limited(HBL)	5,508,706 ▲ 4.79
P.I.A.C.(A) / Oct 4 Pakistan International Airlines Corp(PIAA)	5,416,000 ▲ 0.03

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 4	284.85
USD PKR Interbank Buying / Oct 4	284.65
USD to Japanese Yen / Oct 4	148.93
USD to Swiss Franc / Oct 4	0.92
Pound Sterling to USD / Oct 4	1.21
Euro to USD / Oct 4	1.05
UK LIBOR % / Oct 3	5.44

Stock	Volume
S&P 500 / Oct 3	4229.45
India Sensex / Oct 3	65512.10
Nasdaq / Oct 3	13059.47
Dow Jones / Oct 3	33002.38
Tokyo Nikkei / Oct 4	30526.88
Hang Seng / Oct 4	17177.48
FTSE 100 / Oct 4	7475.08
Germany DAX 30 / Oct 4	15028.34
France CAC40 / Oct 4	6985.57

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 3	18235
Gold 10 Grams PKR / Oct 3	172410
Crude Oil USD/Barrel / Oct 4	88.50
Gold Spot USD/Ounce / Oct 4	1822.59
Cotton US¢/pound / Oct 4	87.47

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