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Author: Hasnain Abid Khanzada
Apple opens new tab plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year. Long considered a must-own stock on Wall Street, Apple shares have underperformed other Big Tech companies in recent months, falling more than 10% this year as fears mount about its slow roll-out of artificial intelligence services and as a resurgent Huawei (HWT.UL) takes market share in China. Analysts on average see iPhone sales, which account…
ISLAMABAD: The National Institute of Health (NIH) Islamabad has confirmed the detection of Type-1 Wild Poliovirus (WPV1) in the environmental samples of 10 districts. The districts where the poliovirus found in the environmental samples included Hyderabad (Tulsidas Pumping Station and Latifabad 9 Pumping Station), Keamari, Karachi, (Orangi Nalla), Jamshoro (Drain KB Feeder), Sukkur (Maka Pumping Station), Jacobabad (Saddar Pumping Station), MirpurKhas, Chaman (Army Kaziba and Hadi Packet, Quetta (Railway Pul) and Nasirabad (Wapda Colony). In Karachi West, the environmental sample was collected on April 02, 2024 from the ‘Khamiso Goth’ environmental sample collection site, which is the first positive sample…
Red Bull confirmed on Wednesday that celebrated chief technical officer Adrian Newey will leave the Formula One team in early 2025 after 19 years. It was widely reported last week that the 65-year-old, regarded as the greatest designer in the sport’s history, was set to quit following a controversy involving allegations about team principal Christian Horner. The British-based Red Bull team have won six constructors’ titles and seven drivers’ titles, split between Sebastian Vettel and Max Verstappen, with Newey-designed cars to date. They are on course to do the double again in 2024, with Dutch driver Verstappen the dominant force in the…
NEW DELHI: Next month’s T20 World Cup will help build cricket’s profile and popularity in the United States ahead of its appearance at the 2028 Olympics in Los Angeles, the sport’s world body said. The showpiece 20-over event will be co-hosted by the West Indies and the United States in June with New York, Florida and Dallas as venues. The International Cricket Council (ICC) said it was confident the tournament would help the sport leave a mark in a land where baseball rules. “The fact that a World Cup has come to the US — the largest sports market in the world…
KARACHI: The newly-appointed seven-member women’s national selection committee has named a 17-player Pakistan women’s squad for this month’s tour to England, the country’s cricket board said on Wednesday. Nida Dar will continue to lead the side, which will feature in three Twenty20 Internationals from May 11-19 and three one-dayers from May 23-29 May. The ODIs will be played as a part of the ICC Women’s Championship 2022-25 and this will be Pakistan’s eighth and final series in the current event cycle, with the team currently placed fifth in the rankings. To ensure direct qualification to next year’s ICC Women’s World…
LAHORE: The Pakistan Cricket Board (PCB) has delayed the announcement of its World Cup squad until late May due to fitness and performance issues with some players, the Press Trust of India (PTI) news agency reported on Wednesday. A PCB source told PTI that Pakistan would announce their T20 World Cup squad either on May 23 or May 24 — which is the deadline set by the International Cricket Council (ICC) for participating teams to make changes to their squads without seeking permission from the World Cup Technical Committee. The management and selectors are concerned over niggling injuries to Mohammad Rizwan, Azam Khan, Irfan…
KARACHI: Pakistan Cricket Board chairman Mohsin Naqvi is confident that “eight of out eight” teams will visit the country when it hosts the ICC Champions Trophy early next year. Despite the PCB chief’s optimism, whether India will make a trip across the border for the tournament, stays a question mark nevertheless, given the country’s government’s reluctance to send its cricket team to Pakistan due to sour political relations with its neighbours. While India and Pakistan haven’t played bilateral cricket since 2012, they play each other in International Cricket Council’s tournaments. And Pakistan even visited India to participate in the 50-over World Cup…
ISLAMABAD: Oil and Gas Development Company Ltd (OGDCL) posted a 7.18 per cent increase in its profit after tax (PAT) to Rs171.104 billion (earnings per share at Rs39.78 ) in the first nine months ending March 31 of 2023-24. In a statement on Wednesday, the company said its net sales revenue was Rs348.164bn. The board announced an interim cash dividend of Rs2 per share or 20pc for the quarter ended March 31, in addition to the interim dividend of Rs4.1 per share already paid to its shareholders.
TORONTO: Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner’s CEO Mark Bristow said on Wednesday. If BHP’s proposed acquisition of Anglo is successful, it would create one of the world’s biggest copper miners. Analysts and investors expect rival bids to emerge after BHP’s offer was rejected last week by Anglo, which said it was opportunistic, significantly undervaluing the company and its future prospects. “We are not interested in bidding for Anglo American, as we are building (copper…
