Web
Analytics
The news is by your side.

billion

CDWP approves over Rs365 billion projects

ISLAMABAD: Central Development Working Party (CDWp) on Monday approved 34 projects worth 365.492 billion rupees; whereas 5 projects worth 333.179 billion rupees were referred to Executive Committee of National Economic Committee (ECNEC) for final approval. Meeting of the Central Development Working Party held under the chairmanship of Deputy Chairman Planning Commission Sartaj Aziz in Islamabad. The senior officials of federal and provincial governments as well as autonomous bodies were also present on this occasion.…

Disney to buy Fox film, TV businesses for $52 billion

Walt Disney on Thursday agreed to buy film, TV and international assets from Rupert Murdoch’s Twenty-First Century Fox for $52.4 billion as Disney seeks greater scale to tackle growing competition from Netflix and Amazon.com. Under the terms of the all-stock deal, Disney acquires significant assets from Fox, including the studios that produced the blockbuster Marvel superhero pictures and the “Avatar” franchise, as well as hit TV shows such as “The Simpsons”. Read More: Fox held talks to sell most of company to Disney:…

Toshiba gains breathing room with $5.4 billion share issue to overseas investors

TOKYO/HONG KONG: Toshiba planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit. Burdened by billions of dollars in liabilities at its bankrupt US nuclear reactor maker Westinghouse, Toshiba has been seeking to make up the difference by the end of the financial year in March or face a delisting. A long and contentious auction for its $18…

More than 1.1 bn ‘invisible people’ lack identification

More than 1.1 billion people worldwide officially don't exist -- going about their daily lives without proof of identity. The issue leaves a significant fraction of the global population deprived of health and education services. Among these "invisible people" -- many of whom live primarily in Africa and Asia -- more than one third are children susceptible to violence whose births have not been registered, the World Bank's "Identification for Development" (ID4D) program recently warned. The problem is particularly…

SBP issues fresh banknotes worth Rs168 billion on Eid-ul-Azha 2017

KARACHI: The State Bank of Pakistan issued fresh bank notes of Rs168 billion on the occasion of Eid-ul-Azha 2017. To meet the increasing demand for fresh bank notes, the SBP Banking Services Corporation (BSC) made elaborate arrangements with a focus to cover maximum stakeholders including the general public, a SBP press release stated. The fresh notes included lower denomination notes (up to Rs100) of Rs8 billion and higher denomination banknotes (Rs500 and above) of Rs160 billion, which is meant for heavy payments and…

Facebook says it has hit two billion user mark

Facebook two billion users mark:  Facebook said Tuesday its ranks of monthly active users had hit two billion users the meaning more than a quarter of the world's population is on the giant social network. "There are now two billion people connecting and building communities on Facebook every month," vice president of social good Naomi Gleit said in an online post.

Apple issues $1 billion green bond after Trump’s Paris climate exit

Apple offered a $1 billion bond dedicated to financing clean energy and environmental projects on Tuesday, the first corporate green bond offered since President Donald Trump withdrew the United States from the Paris climate agreement. The offering comes over a year after Apple issued its first green bond of $1.5 billion - the largest issued by a US corporation - as a response to the 2015 Paris agreement. Apple said its second green bond is meant to show that businesses are still committed to the goals of the…

Tycoon as president: Donald Trump’s conflicts of interest

WASHINGTON: Head of a business empire and now US president: by combining these two roles, billionaire Donald Trump could face conflicts of interest of an scale unprecedented in American political history.  The Republican elected to the White House Tuesday made his fortune by building a network of hotels, office towers and luxury apartment buildings as the head of the Trump Organization. His real estate empire is primarily located in the United States, but also extends to countries such as South Korea and Turkey.…

Cyber crime costs global economy $445 billion a year: report

LONDON: Cyber crime costs the global economy about $445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking, according to research published on Monday. The report from the Center for Strategic and International Studies (CSIS) said cyber crime was a growth industry that damaged trade, competitiveness and innovation. A conservative estimate would be $375 billion in losses, while the maximum could be as much as $575 billion, said…