Its decision to pull out will leave its 10% share in North America, where it is the No. 3 brand, to be gobbled up by Samsung Electronics and Apple Inc with its domestic rival expected to have the edge.
Retail sales in the UAE are expected to rebound and grow by 13% to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the yea
Like rivals Puma and Nike, Adidas will put a bigger focus on the women’s market, announcing a partnership with Peloton, which has seen a surge of subscribers during the pandemic
Bai Hua, an official at China’s Ministry of Industry and Information Technology, said China expects to sell over 1.3 million new energy vehicles (NEV) this year, up from 1.2 million units last year.
The construction package was expected to boost sales of cement.
“We don’t monetize many of the services where we’re seeing increased engagement, and we’ve seen a weakening in our ads business in countries taking aggressive actions to reduce the spread of COVID-19,” the company said in a statement.
ISLAMABAD: The Federal Board of Revenue (FBR) has issued an advice to the State Bank of Pakistan for making payment of sales tax refunds amounting to 8,741 million rupees to facilitate the exports. According to the FBR, the payment will benefit 739 claimants from five export-oriented zero-rated sectors which included textiles, carpets, leather, sports goods and surgical instruments. The refund has been paid against 4,117 payment orders issued up to November 8. It said those refund claimants who have not provided…
ISLAMABAD: The caretaker federal government has decided not to collect sales tax on electricity and manufacturing and income tax on profits in business from the FATA and PATA areas as part of implementation of tribal areas' merger with Khyber Pakhtunkhwa (KP). This was stated by caretaker Minister for Information and Broadcasting Syed Ali Zafari while briefing the media about decisions taken in the cabinet's meeting held in Islamabad on Wednesday with Prime Minister Nasirul Mulk in the chair. Syed Ali Zafar, who heads…
TAIPEI: Taiwanese smartphone maker HTC said its sales fell nearly 68 percent in June, its biggest slump in more than two years, as the struggling firm continues to lose customers amid intensifying competition with nimbler manufacturing rivals. Once a favorite with consumers and investors, HTC’s popularity has dwindled with the emergence of rivals such as Apple, Samsung Electronics Co Ltd, and more recently China’s Xiaomi Corp. HTC said its June sales fell to T$2.2 billion ($72 million), from T$6.9 billion a year ago…