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Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan

TAIPEI: Smartphone maker HTC plans to slash around a quarter of its global workforce through job cuts at its manufacturing unit in Taiwan, in a bid to better manage resources as the company continues to battle dwindling sales. The job cuts indicate fresh hiccups for the struggling Taiwanese mobile phone maker that once sold one in 10 smartphones globally, but has seen its market share decline amid mounting competition from Apple, Samsung Electronics Co, and Chinese rivals. HTC said it would cut 1,500 jobs in its…

China denies it has offered a $200 billion package to slash US trade gap

BEIJING: China denied on Friday that it had offered a package to slash the US trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into US sorghum imports in a conciliatory gesture as top negotiators meet in Washington. US officials had said on Thursday that China was proposing trade concessions and increased purchases of American goods aimed at cutting the US trade deficit with China by up to $200 billion a year. “This rumor is not true. This I can confirm to you,” Chinese foreign ministry…

Eid-ul-Adha: Pakistan Railways to slash fares by 25 pct on all trains

ISLAMABAD: Pakistan Railways on Thursday announced to slash fares on every class of all the trains by 25 percent on first three days of Eid-ul-Adha. On September 2, 3 and 4, the passengers would have to pay 25 percent less fares than the standard fares of all the trains. This announcement was made by Railways Minister Saad Rafique through his Twitter account. عیدالاضحٰی پراھل وطن کو پاک ریلویز کاخصوصی تحفہ: ریلوےکرایوں میں تمام ٹرینوں کی تمام کلاسزپر عید کے پہلے تین دن کراۓ میں %25 کمی کا فیصلہ — Khawaja Saad…