• Sat. Jun 10th, 2023
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    Tag: year

    PakistanNews

    Imminent release of new fiscal year budget under IMF surveillance sends shivers down government’s spine.

    The Pakistani government is unveiling its annual budget today, which aims to meet the requirements of the International Monetary Fund (IMF) in order to potentially receive additional bailout funds. The country is currently at risk of defaulting on sovereign debt due to twin deficits and record high inflation. Preliminary budget proposals envisage a fiscal deficit […]

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    EconomyPakistanNews

    “May’s Sinister Twist: Sindh Revenue Board Surpasses Rs18bn, a Shocking 28.2% Increase from the Previous Year.”

    The Sindh Revenue Board (SRB) in Pakistan collected Rs18.01 billion in May 2023, an increase of 28.2% from the Rs14.05 billion collected in May 2022. During the first 11 months of the financial year 2022-23, the SRB collected Rs161.3 billion compared to Rs131.8 billion during the same time in the previous year, posting a 22.4% […]

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    Economy

    “Foxconn’s Fate Hangs in the Balance as AI’s Impact on Server Demand Remains Uncertain for the Year Ahead.”

    Apple supplier Foxconn has said that demand for servers will be driven by artificial intelligence (AI) applications this year. The Taiwanese company, which is the world’s largest contract electronics maker, has a 40% global market share for servers and hopes to further increase that. On the other hand, it also reiterated that the year 2023 […]

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    EconomyTech

    A Whole Foods Market in San Francisco mirrors the city’s problems during a year filled with trouble and uncertainty.

    Whole Foods Market’s giant flagship store in a San Francisco neighborhood, supposed to cater to tech workers and other professionals, was confronted with many problems such as people threatening employees with guns, knives, and sticks; fights, screaming, and attempts to defecate on the floor. The closure of the store highlighted the city’s problems with property […]

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    Tech

    Will EU tech tsar Vestager successfully reach a political agreement on the AI law by the end of this year?

    The European Union (EU) is likely to reach an agreement this year for major artificial intelligence (AI) legislation, according to Margrethe Vestager, the bloc’s tech regulation chief. This follows a preliminary deal reached on the EU’s Artificial Intelligence Act on Thursday. Vestager suggested possible measures, such as “labelling obligations for AI-generated images”. She also stated […]

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    EconomyTech

    As earnings season approaches, Seoul shares plummet for the third consecutive day while the Korean won reaches its lowest point of the year, leaving investors on edge.

    South Korean stocks saw a significant decline on Monday due to losses in big-cap technology, while investors await the corporate earnings season and worry about the impact of Sino-US rivalry on business circumstances. The benchmark Korea Composite Stock Price Index closed at 2,523.50, losing a total of 20.90 points or 0.82%. Trading volume was sufficient […]

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