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Pakistan gets first Russian crude under discount deal

THE FIRST shipment of Russian oil to energy-starved and dollar-strapped Pakistan has arrived at Karachi port, Prime Minister Shehbaz Sharif said. Since Russia launched its...

Trafigura, which sued Prateek Gupta for ‘systematic’ fraud, pays record dividend

COMMODITY trading firm, Trafigura, has paid a record $3 billion (£2.4bn) dividend to its 1,200 private shareholders after registering record profits, reported The Times. The Singapore-based company...

Pakistan unveils £40 billion budget, with half to service debt

PAKISTAN’S cash-strapped government unveiled a Rs 14.5 trillion (£40 billion) budget on Friday (9), with more than half set aside to service Rs 7.3...

Zuckerberg dismisses Apple Vision Pro mixed reality headsets

Mark Zuckerberg, the chief of Meta has said that while the Apple Vision Pro product may be impressive, it does not align with his...

About:Energy secures £1.5m in seed funding to develop its Voltt platform

London-based battery software company, About:Energy, has secured £1.5 million in seed investment from various investors, the company said in a statement. The latest funding will...

Lenders to vote on Hinduja Group’s resolution plan for Reliance Capital

Reliance Capital’s lenders have decided to vote on a resolution plan submitted by a Hinduja Group company. Indusind International Holdings Ltd (IIHL) offered around Rs...

Potential of AI in India’s tech ecosystem vast, says Modi after meeting OpenAI chief

THE chief executive officer of OpenAI, Sam Altman, met Indian prime minister Narendra Modi in New Delhi and discussed various aspects of AI including...
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