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Euro slides as ECB warns on economic outlook

LONDON: The euro slipped on Thursday after the ECB trimmed its growth forecast for the eurozone because of "mounting uncertainties" from within and outside the region. European Central Bank chief Mario Draghi said risks facing the area…

Qualcomm to file suits to ban sales of iPhone XS and XR

Qualcomm Inc is asking courts in China to ban sales of Apple Inc’s latest iPhone models XS and XR after winning a preliminary injunction against older models, the Financial Times reported on Thursday. On Monday, A Chinese court had…

Moody’s predicts Pakistan’s GDP growth to slow in FY19

KARACHI: Pakistan’s GDP growth expected to slow to 4.3 to 4.7% in current and the next fiscal year from 5.8% in FY18 due to policy measures taken to address the external imbalance, Moody’s rating agency has said in a report released on…

Pound jumps as BBC forecasts May to win vote

2 days ago
LONDON: The British pound jumped Wednesday after the BBC reported that a majority of Conservative Party lawmakers were set to back Prime Minister Theresa May in a no-confidence vote. At about 1330 GMT, sterling advanced to $1.2579, having…