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DeepSeek rushes to launch new AI model as China goes all in

DeepSeek rushes to launch new AI model as China goes all in

DeepSeek, the Chinese startup which triggered a $1 trillion-plus sell-off in global equities markets last month with a cut-price AI reasoning model,...

latest 30

Dawn Business

Reuters

India, Qatar aim to double trade to $28bn in five years

India, Qatar aim to double trade to $28bn in five years

Qatar has committed to investing $10 billion in India across various sectors, the two nations said in a joint statement on Tuesday, after Qatar’s...

19.02.2025 10

Dawn Business

Reuters

Qatar commits to investing $10bn in India

Qatar commits to investing $10bn in India

Qatar has committed to investing $10 billion in India across various sectors, the two nations said in a joint statement on Tuesday, after Qatar’s...

19.02.2025 30

Dawn Business

Reuters

India, Qatar aim to double trade to $28 bln in five years

India, Qatar aim to double trade to $28 bln in five years

Qatar has committed to investing $10 billion in India across various sectors, the two nations said in a joint statement on Tuesday, after Qatar’s...

19.02.2025 10

Dawn Business

Reuters

Global aerospace firms turn to India amid Western supply chain crisis

Global aerospace firms turn to India amid Western supply chain crisis

Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce are expanding parts sourcing from India, driving growth in the country’s emerging...

18.02.2025 50

Dawn Business

Reuters

Pakistan’s first manufacturing index launched

Pakistan’s first manufacturing index launched

ISLAMABAD: Habib Bank Ltd (HBL) and global financial information and analytics firm S&P Global have launched Purchasing Managers’ Index (PMI) to...

16.02.2025 40

Dawn Business

Reuters

Two companies bid for 75pc of Lotte Chemical

Two companies bid for 75pc of Lotte Chemical

KARACHI: AsiaPak In­­vestments, a private inv­estment firm with operational assets in Pakistan and Hong Kong, and Mid­dle Eastern oil and gas...

15.02.2025 30

Dawn Business

Reuters

Nissan, Honda scrap $60bn merger talks

Nissan, Honda scrap $60bn merger talks

YOKOHAMA: Nissan and Honda ended merger talks to forge a $60 billion car company on Thursday, pitching Nissan deeper into uncertainty and highlighting...

15.02.2025 60

Dawn Business

Reuters

EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs

EU, Canada and Mexico condemn Trump move to hike steel and aluminium tariffs

Mexico, Canada and the European Union on Tuesday condemned US President Donald Trump’s decision to impose tariffs on all steel and aluminium imports...

12.02.2025 50

Dawn Business

Reuters

Musk-led group makes $97.4bn bid for control of OpenAI

Musk-led group makes $97.4bn bid for control of OpenAI

A consortium led by Elon Musk said on Monday it has offered $97.4 billion to buy the nonprofit that controls OpenAI, another salvo in the...

12.02.2025 40

Dawn Business

Reuters

Oil climbs as investors weigh new US tariffs

Oil climbs as investors weigh new US tariffs

SINGAPORE: Oil pric­­es ticked higher on Mon­d­­ay even as investors wei­ghed US President Donald Trump’s latest tariff thr­eat, this time on...

12.02.2025 30

Dawn Business

Reuters

Global wheat import dented by economic woes

Global wheat import dented by economic woes

SINGAPORE: Global wheat imports are likely to drop this year as slowing economic growth among top buyers, a stronger greenback and higher local cereal...

10.02.2025 30

Dawn Business

Reuters

Iranian rial plunges

Iranian rial plunges

DUBAI: Iran’s currency fell on Saturday to a new all-time low against the US dollar after the country’s supreme leader rejected talks with the...

10.02.2025 20

Dawn Business

Reuters

LNG deal with Qatar open to renegotiation next year

KARACHI: Pakistan’s liquefied natural gas (LNG) pact with Qatar allows for either party to initiate renegotiation talks next year but no decision...

09.02.2025 30

Dawn Business

Reuters

Reko Diq boosts Barrick’s gold reserves by 23pc

Reko Diq boosts Barrick’s gold reserves by 23pc

BENGALURU: Canadian miner Barrick Gold’s overall proven and probable gold reserves jumped 23 per cent to 17.4 million ounces at the end of 2024,...

08.02.2025 40

Dawn Business

Reuters

Pakistan, China agree to strengthen anti-terror cooperation; say attempt to disrupt ties bound to fail

Pakistan, China agree to strengthen anti-terror cooperation; say attempt to disrupt ties bound to fail

Pakistan and China have agreed to strengthen their bilateral cooperation in counter-terrorism activities, reiterating that any attempt to undermine or...

07.02.2025 50

Dawn Business

Reuters

China, Pakistan pledge to boost cooperation on infrastructure, mining projects

China, Pakistan pledge to boost cooperation on infrastructure, mining projects

Pakistan and China have agreed to strengthen their bilateral cooperation in counter-terrorism activities, reiterating that any attempt to undermine or...

07.02.2025 30

Dawn Business

Reuters

Iran calls for unity against potential US oil sanctions

Iran calls for unity against potential US oil sanctions

DUBAI: Iran’s President Masoud Pezeshkian urged Opec members to unite against possible US sanctions on the major oil producer, after US President...

07.02.2025 30

Dawn Business

Reuters

US trade gap swells as Trump renews scrutiny of deficits

US trade gap swells as Trump renews scrutiny of deficits

WASHINGTON: The US trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats, which might...

07.02.2025 10

Dawn Business

Reuters

Trump admin considers adding Shein, Temu to ‘forced labour’ list: report

Trump admin considers adding Shein, Temu to ‘forced labour’ list: report

The United States is discussing whether to add Chinese ecommerce retailers Shein and Temu to the Department of Homeland Security’s (DHS) “forced...

06.02.2025 30

Dawn Business

Reuters

India’s finance ministry asks employees to avoid AI tools like ChatGPT, DeepSeek

India’s finance ministry asks employees to avoid AI tools like ChatGPT, DeepSeek

India’s finance ministry has asked its employees to avoid using AI tools including ChatGPT and DeepSeek for official purposes, citing risks posed to...

06.02.2025 80

Dawn Business

Reuters

OpenAI’s Altman clinches deal with Kakao, second major Asian alliance this week

OpenAI said on Tuesday it will develop artificial intelligence (AI) products for South Korea with chat app operator Kakao, unveiling a second major...

05.02.2025 70

Dawn Business

Reuters

China hits back with tariffs on US goods after Trump imposes new levies

China on Tuesday slapped tariffs on US imports in a rapid response to new US duties on Chinese goods, renewing a trade war between the world’s top...

05.02.2025 70

Dawn Business

Reuters

Pakistan signs agreement to defer $1.2bn payment for Saudi oil

The federal government on Monday signed an agreement with the Saudi Fund for Development (SFD) to defer by one year a $1.2 billion payment on oil...

04.02.2025 60

Dawn Business

Reuters

Bears take hold of PSX as shares decline 1,500 points on Trump’s trade war

Bears took hold of the trading floor on Monday at the Pakistan Stock Exchange (PSX) as shares proceeded to decline 1,500 points. The benchmark KSE-100...

04.02.2025 40

Dawn Business

Reuters

India vows to avoid protectionist signals on trade, says top official

India does not want to give any signal that it is protectionist, the top bureaucrat in the finance ministry said, after slashing import duties on...

04.02.2025 30

Dawn Business

Reuters

China to propose restoring 2020 ‘Phase 1’ trade deal with US: report

China’s initial proposal to tariffs imposed by US President Donald Trump’s administration will centre on restoring the “Phase 1” trade deal...

04.02.2025 60

Dawn Business

Reuters

Bears take hold of PSX as shares decline 1,100 points in intraday trade

Bears took hold of the trading floor on Monday at the Pakistan Stock Exchange (PSX) as shares proceeded to decline 1,500 points. The benchmark KSE-100...

04.02.2025 30

Dawn Business

Reuters

India offers middle-class tax relief to support growth

NEW DELHI: India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday, as...

03.02.2025 30

Dawn Business

Reuters

Trump to impose tariffs on Canada, Mexico, China today

WASHINGTON: US President Donald Trump on Saturday will implement tariffs of 25 per cent on Canadian and Mexican imports and 10pc on Chinese goods with...

02.02.2025 50

Dawn Business

Reuters

Alibaba releases AI model it claims surpasses DeepSeek-V3

Chinese tech company Alibaba on Wednesday released a new version of its Qwen 2.5 artificial intelligence (AI) model that it claimed surpassed the...

30.01.2025 40

Dawn Business

Reuters

Chinese DeepSeek sparks global AI sell-off, Nvidia loses about $593bn of value

Investors sold technology stocks across the globe on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence (AI)...

29.01.2025 50

Dawn Business

Reuters

DeepSeek sparks global AI sell-off, Nvidia loses about $593bn of value

Investors sold technology stocks across the globe on Monday as they worried that the emergence of a low-cost Chinese artificial intelligence (AI)...

29.01.2025 70

Dawn Business

Reuters

Oil drops 3pc, stocks tank on DeepSeek news

NEW YORK: Oil prices fell about three per cent to a two-week low on Monday, pressured by losses in Wall Street technology and energy stocks, as...

29.01.2025 20

Dawn Business

Reuters

Saudi Arabia allows foreigners to invest in firms with property in Makkah, Madina

Saudi Arabia’s market regulator said on Monday it would allow foreign investment in listed companies that own real estate within Islam’s two...

28.01.2025 40

Dawn Business

Reuters

Chinese AI startup DeepSeek overtakes ChatGPT on Apple App Store

Chinese startup DeepSeek’s artificial intelligence (AI) Assistant on Monday overtook rival ChatGPT to become the top-rated free application...

28.01.2025 80

Dawn Business

Reuters

China bans livestock product imports from numerous countries on disease worries

China has prohibited imports of sheep, goat, poultry and even-toed ungulates from African, Asian and European countries due to outbreaks of livestock...

28.01.2025 20

Dawn Business

Reuters

Trump’s high-wire act to transform US power grid won’t be easy

WASHINGTON: President Donald Trump’s oversight of an increasingly unreliable US power grid requires swift action, he said this week, but there is no...

27.01.2025 30

Dawn Business

Reuters

Saudi Arabia plans $600bn in new US investment, trade over four years

Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and...

24.01.2025 60

Dawn Business

Reuters

Trump pardons Silk Road founder Ulbricht for online drug scheme

US President Donald Trump on Tuesday pardoned Silk Road founder Ross Ulbricht, who was sentenced to life in prison for running an underground online...

23.01.2025 30

Dawn Business

Reuters

Microsoft relaxes data centre grip on OpenAI amid $500bn joint venture

Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and...

23.01.2025 20

Dawn Business

Reuters

Microsoft relaxes data center grip on OpenAI amid $500bn joint venture

Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and...

23.01.2025 10

Dawn Business

Reuters

Finance minister says $1bn loan agreed with two Middle Eastern banks

Finance Minister Muhammad Aurangzeb told Reuters on Tuesday that the government has agreed terms for a $1 billion loan with two Middle Eastern banks...

22.01.2025 40

Dawn Business

Reuters

Saudi’s Manara Minerals to buy 10 to 20pc stake in Pakistan’s Reko Diq gold project: report

Saudi Arabian mining fund Manara Minerals is set to buy a 10-20 per cent in the Reko Diq copper and gold project in Pakistan for proceeds of about...

22.01.2025 40

Dawn Business

Reuters

India set to allow 1 million tonnes of sugar exports this year

India is set to allow exports of 1 million metric tonnes of sugar during the current season, government and industry sources said, to help mills...

20.01.2025 10

Dawn Business

Reuters

Suzuki Motor president says India to be global production hub for EVs

India will be the global production hub for Suzuki Motor’s electric cars and it plans to export the vehicles back to Japan as well as other markets,...

17.01.2025 30

Dawn Business

Reuters

Saudi looking into $100m investment in Pakistan’s mining sector with focus on Reko Diq: minister

Saudi Mining Minister Bandar Alkhorayef told Reuters on Wednesday that Saudi Arabian mining company Manara Minerals was looking at investing in...

16.01.2025 80

Dawn Business

Reuters

Oil prices climb $2, hits 4-month high

NEW YORK: Oil prices climbed about 2 per cent to a four-month high on Monday on expectations that wider US sanctions on Russian oil would force buyers...

15.01.2025 20

Dawn Business

Reuters

Russia says new US energy sanctions will destabilise global markets

The Kremlin said on Monday that the latest round of US sanctions on the Russian energy sector risked destabilising global markets, and Moscow would do...

14.01.2025 30

Dawn Business

Reuters

Tougher US sanctions to curb Russian oil supply to China and India: analysts

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new US sanctions...

13.01.2025 50

Dawn Business

Reuters