Economy
World / Countries / MNCs
IT major Google has laid off more than 200 contract workers who were working on its Artificial Intelligence projects, including Gemini, according to media reports. more
Military spending worldwide hits record $2.7 trillion

Global military spending reached an unprecedented $2.7 trillion in 2024 amid intensifying wars and rising geopolitical tensions worldwide.

IT major Accenture to acquire cybersecurity service CyberCX

Accenture has agreed to acquire CyberCX, a leading privately-owned cybersecurity services provider serving both private and public sector organizations across Australia, New Zealand and i ...

Top UN economist warns US tariff delay deepens trade uncertainty

A leading UN trade official warned on Tuesday that the United States’ decision to delay the end of a tariff suspension by a few weeks risks prolonging global uncertainty and undermi ...

AirAsia signs agreement with Airbus for 70 A321XLRs

AirAsia Berhad, a wholly-owned subsidiary of Capital A Berhad, signed an agreement with Airbus valued at USD12.25 billion for 50 A321XLRs with rights for 20 A321XLRs.

Microsoft quits Pakistan operations, ex-President expresses concerns

Tech giant Microsoft on Friday announced shutting down its office in Pakistan, ending its 25-year journey in the country.

Microsoft to lay off 9,100 employees in largest job cut since 2023

Microsoft is cutting around 9,100 jobs, or 4% of its global workforce, marking its biggest round of layoffs since 2023, according to a report by The Seattle Times on Wednesday.

UAE attracting 9800 millionaires in 2025: Reports

The UAE is eyeing to become the world's major destination for high-net-worth individuals (HNWIs) in 2025, with the potential inflow of 9,800 millionaires, Gulf News reported, quoting ...

Pakistan: Careem shuts down ride-hailing arm amid intensifying competition

Careem, Uber's ride-hailing arm in the Middle East, has announced it will end its service in Pakistan.

World Bank slashes global growth forecast to 2.3 pct

Global economic growth is expected to decline this year due to increased trade barriers and policy uncertainty, the World Bank said in a report published on Tuesday.