Everyday happening in Pakistan and around
The State Life Insurance Company (SLIC) has warned that it may have to close the Sehat Sahulat Programme in the Punjab region of Pakistan, due to the non-payment of Rs83bn ($536m) in pending liabilities. This warning undermines the former Prime Minister Imran Khan’s flagship scheme, which provides free treatment to 25 million families in 724 […]
Researchers at the Wyss Institute for Biologically Inspired Engineering and the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) have developed a non-invasive wearable soft robotic mechanism that can be tailored to the perfect force for age-related injuries treatment. Prompted by the discovery that mechanotherapy alone hinders the normal regeneration process of […]
The CEO of container shipping company AP Møller-Maersk, Vincent Clerc, has stated that China’s economic rebound after COVID-19 is weaker than expected due to consumers emerging “stunned” from the pandemic-led disruptions and a real estate meltdown last year. China has set a growth target of 5% this year, which is its lowest in decades. Profit […]
Hassaan Niazi, a PTI (Pakistan Tehreek-e-Insaf) leader and nephew of Imran Khan, has been transferred to Lahore from Quetta, where a judge had previously granted him interim bail in a case registered against him by the Airport Police Station in Quetta. However, he was detained under Section 3 of the Maintenance of Public Order Ordinance […]
Rebellions, a South Korean chip designer, is said to have raised KRW 112bn ($86m) from global investors who, despite the absence of a product, were attracted to its vision of a new type of energy-efficient chip used solely for AI services, according to CEO Park Sung-hyun. The company subsequently launched its first AI hardware in […]
The Japanese Prime Minister has vowed to increase the percentage of male workers taking paternity leave from the current 14% to 50% by 2025, and 85% by 2030 as part of an attempt to increase the country’s declining birth rate. The country has struggled for years with a falling fertility rate and an aging population, […]
As legacy industries like manufacturing, transportation, logistics and healthcare undergo digital transformation, industry is set to enter a new golden age of technological innovation and investment, according to Rana Foroohar writing in the Financial Times. Venture capital firm Eclipse Ventures, which has $3.8bn invested in the digital transformation of physical industries, expects that additive manufacturing, […]
Apple employees are reported to have doubts about the readiness and potential success of the company’s upcoming mixed-reality headset, which is expected to launch in June at the Worldwide Developer Conference. While some staff have left the headset project citing their doubts, others question the gadget’s success as a $3,000 device. Apple reportedly demoed the […]
The Supreme Court of Pakistan has issued a notice to the Election Commission of Pakistan (ECP) for delaying provincial elections in Punjab until 8 October. The Court also demanded that the ECP and the Pakistan Tehreek-e-Insaf guarantee that the elections are both peaceful and transparent. The notice was issued in response to a petition by […]
First Citizens, headquartered in North Carolina, will buy Silicon Valley Bank (SVB) in a deal expected to reassure investors and help regain some confidence in banks. The sales involves the transfer of SVB’s deposits and loans to First-Citizens Bank and Trust, which will acquire $72bn at a $16.5bn discount, while the Federal Deposit Insurance Corp […]
