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  • VW approves plan for electric cars

    November 19, 2017 12:00 AM 7

    WOLFSBURG/HAMBURG: Volkswagen approved a 34 billion euros ($40 billion) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. The world’s largest carmaker by unit sales will spend the money on electric cars, autonomous driving and new mobility services by the end of 2022, it said after a meeting of its supervisory

  • Apple pushes launch to next year

    November 19, 2017 12:00 AM 7

    SAN FRANCISCO: Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday, missing the holiday shopping season as the market for such devices becomes increasingly competitive. “We can’t wait for people to experience HomePod ... but we need a little more time before it’s ready for our customers

  • EU cuts funding to Turkey in 2018 budget

    November 19, 2017 12:00 AM 7

    Brussels: An EU 2018 budget deal was announced Saturday that cuts funds destined to Turkey, citing doubts about Ankara´s commitment to democracy and human rights. German Chancellor Angela Merkel had led calls for a cut to the funds, which are linked to Turkey´s stalled bid to join the bloc, following mass-scale arrests in the country since the failed

  • PCSIR to organise conference

    November 18, 2017 12:00 AM 11

    LAHORE: Pakistan Council of Scientific and Industrial Research (PCSIR) under the ministry of science and technology in collaboration with Nestlé Pakistan is organising a national conference titled, “Food safety and harmonisation: shaping a healthier nation”, a statement said on Friday. The conference aims at addressing the issues around food harmonization

  • Payoneer opens wire transfer services

    November 18, 2017 12:00 AM 7

    ISLAMABAD: Paynoneer, the global payment processing system, has opened its wire transfer services for banks in Pakistan, a statement said on Friday. Anyone with a Payoneer account will be able to transfer funds from their Payoneer account to a local bank account in Pakistan, it added. This is essentially going to help Pakistani freelancers who face trouble

  • Tesla unveils prototype electric big-rig truck

    November 18, 2017 12:00 AM 10

    HAWTHORNE, California: Tesla Inc on Thursday unveiled a prototype electric big-rig truck that it will start producing in 2019, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company´s future depends. Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport

  • UBL Omni, TPL Rupiya sign MoU

    November 16, 2017 12:00 AM 10

    KARACHI: TPL Rupiya, TPL Holdings payment service vertical, has joined hands with UBL Omni and EvantageSoft to introduce cashless payments for its mass transit customers, a statement said on Wednesday. This will allow passengers of Lahore Transport Company (LTC), a Lahore-based public transit bus system, to make daily commute payments using their UBL Omni bank accounts

  • ‘CNG-based vehicles to cut pollution by 28pc’

    November 16, 2017 12:00 AM 8

    LAHORE: Ghiyas Abdullah Paracha, central leader, All Pakistan CNG Association (APCNGA) on Wednesday said CNG-based vehicles could cut pollution by 28 percent, and urged Punjab government to switch public transport to CNG for reducing smog and air pollution. Talking to Punjab minister for environment Begum Zakia Shah Nawaz, he urged the government to switch

  • Firefox opts for Google as default search in US, surprising Yahoo

    November 16, 2017 12:00 AM 9

    SAN FRANCISCO: Alphabet Inc´s Google reclaimed on Tuesday its spot as the default search engine on Mozilla Corp´s Firefox Internet browser in the United States and other regions as the browser maker stunned Verizon Communication Inc´s Yahoo by canceling their deal. Google confirmed the move but declined, along with Mozilla, to disclose revenue-sharing

  • S Korean growth outlook upgraded

    November 15, 2017 12:00 AM 9

    SEOUL: The International Monetary Fund said on Tuesday it expects the South Korean economy to grow 3.2 percent this year, higher than its September projection of 3 percent. "The cyclical recovery is expected to continue. GDP growth is projected at 3.2 percent in 2017, as the momentum in the first three quarters continues," the IMF said in a statement