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China’s ZTE posts 1.1 billion first-half loss on impact from US supplier ban

HONG KONG: ZTE reported a first-half net loss of 7.8 billion yuan ($1.1 billion) on Thursday, weighed down by a ban on US firms...

State Bank of India posts third straight quarterly loss

NEW DELHI/BENGALURU: State Bank of India is confident of returning to profitability from the December quarter onwards as the impact of bad loans eases,...

Japan slip through to last 16 despite Poland loss

VOLGOGRAD, Russia: Japan became the only Asian side to progress to the World Cup’s last 16 on Thursday, slipping through despite losing 1-0 against...

Portable music players tied to hearing loss in kids

AMSTERDAM: Children who listen to music through headphones may be at greater risk of noise-related hearing loss, a Dutch study suggests. Researchers examined hearing test...

Angry Birds maker posts loss despite jump in sales

HELSINKI, Finland: Finland's Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a loss for the third quarter despite rising...

Trade in Karachi witnesses Rs100m loss, says chairman AKTI

KARACHI: Chairman All Karachi Tajir Ittehad (AKTI) Atiq Mir on Thursday said trade in Karachi has witnessed Rs100 million loss after the city administration...

Physical inactivity linked to loss of independence

BOSTON: Being physically inactive raises the risk of losing the ability to perform activities of daily living - both before and after a stroke -...

FIFA announces $369 million loss with worse to come

ZURICH: FIFA on Friday announced a $369 million loss for 2016, a second straight annual deficit, as it recovers from scandals that have rocked...

Arctic ice loss driven by natural swings, not just mankind: study

OSLO: Natural swings in the Arctic climate have caused up to half the precipitous losses of sea ice around the North Pole in recent decades,...

Liverpool post 19.8 million pounds loss despite record revenue

BARCELONA: Liverpool reported a 19.8 million pounds pre-tax loss for the year ended May 31, 2016, mainly due to investment in players, despite overall...

Officer of loss-stricken national airline lavishly expending on foreign tours

KARACHI: Officers of loss-stricken Pakistan International Airline (PIA) are observed to have been negligent towards their duties which have led the national flag-carrier towards destruction.

Irum Farooque says Wasay will fly to US if MQM disowns London office

KARACHI: Muttahida Qaumi Movement (MQM) dissident Irum Azeem Farooque on Thursday said Member Central Coordination Committee of MQM Wasay Jalil will be at loss if MQM disowns its London office, ARY News reported.

Cricket: England’s women run riot against Pakistan

LONDON: England's women made history with their highest ever one-day international score as openers Tammy Beaumont and Lauren Winfield scored centuries in a 212-run victory over Pakistan at New Road on Wednesday.

Security fears push Turkish Airlines into massive loss

ISTANBUL: Turkish flag carrier Turkish Airlines on Tuesday posted a massive loss as concerns over security in Turkey and the region took their toll on the ambitious airline.

World T20: New Zealand media rue loss to ‘Frankenstein’ England

WELLINGTON: New Zealand media have likened Eoin Morgan's England team to Frankenstein's monster, saying they turned the Black Caps' own game plan against them to win the World Twenty20 semi-final on Wednesday.

BlackBerry cuts jobs worldwide

TORONTO: Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

Airbus to sue Skymark in UK court over canceled A380 contract

TOKYO: European aircraft maker Airbus Group NV is suing Skymark Airlines Inc in Britain, escalating a half-year spat over a cancelled jet order and complicating the efforts of Japan's third-biggest carrier to rebuild its finances.

'Pakistan suffered $ 80bn loss in war against terrorism'

ISLAMABAD: The National Assembly was also informed on Friday that Pakistan has suffered a loss of almost US $ 80 billion including loss of 50,000 precious lives of civilians and law enforcement agencies during the decade-long war against terrorism.

Australian Grand Prix posts record A$60 million loss

MELBOURNE: The 2014 Australian Grand Prix posted a record A$59.97 million ($55 million) loss amid soaring costs and declining revenue, government officials said on Wednesday.

Amazon’s losses widen, shares drop

SAN FRANCISCO: Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in revenue.
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