The International Energy Agency (IEA) predicted on Thursday that global investment in solar power will surpass investment in oil production for the first time ever this year. The IEA forecasts $380 billion in solar power investment by 2023, compared to $370 billion in oil exploration and extraction spending. “This establishesContinue Reading
Lenovo Group Ltd (0992.HK) of China reported a 24% drop in revenue for the January-March quarter, confirming market predictions, as demand for personal computers (PCs) remained weak. The world’s top PC manufacturer reported fourth-quarter revenue of $12.63 billion, a 24% decrease from the same time a year ago and theContinue Reading
Syed Aminul Haque, Federal Minister of Information Technology and Telecommunications, said on Wednesday that the Ministry of Information Technology and Telecommunications (MoIT&T) will teach 100,000 AI graduates in conjunction with academics over the next five years, with an additional 50,000 trained with the help of the IT sector. According toContinue Reading
Meta leads the drive to encourage safe and responsible internet use for young people, recognising the potential threats and the need for better online experiences. While there are several benefits to using the internet, such as gathering information, forming social networks, and having fun, there are also some risks, suchContinue Reading
Insider, the marketing platform for providing personalised, cross-channel client experiences, has secured an investment of up to $105 million from previous investors QIA and Esas Private Equity. Insider, the marketing platform for providing personalised, cross-channel client experiences, has secured an investment of up to $105 million from previous investors QIAContinue Reading
The Telecommunications and Digital Government Regulatory Authority (TDRA) of the United Arab Emirates (UAE) has announced an astonishing breakthrough in the country’s online environment. Over 46,000 new domain names will be registered under the UAE’s national.ae domain in 2022. As of the first quarter (Q1) of 2023, the total numberContinue Reading
In an unexpected turn of events, Meta has decided to sell Giphy to Shutterstock for a far lower price of $53 million. The decision was made due to low internet interest in GIFs and regulatory pressure from UK authorities, especially the Competition and Markets Authority (CMA), which mandated the sale.Continue Reading
Pakistan Tobacco Company (PTC) intends to liquidate its Jhelum production plant, according to top company officials who spoke to media on Saturday at the business’s Jhelum factory. Eight manufacturing lines in Jhelum have been shuttered, and the firm is now operating with a minimal capacity of two machines. Due toContinue Reading
According to the Pakistan Bureau of Statistics (PBS), the country’s petroleum group imports decreased by 17.96 percent during the first ten months (July-April) of the current fiscal year 2022-23 (FY23), standing at $13.974 billion compared to $17.033 billion during the same period last fiscal year. According to PBS statistics onContinue Reading
Pakistan’s IT exports have increased dramatically in recent years, topping $2.6 billion in the previous fiscal year. Nonetheless, its proportion of the worldwide IT export market is less than 1%, significantly below its potential. According to a State Bank of Pakistan (SBP) report, Pakistan’s proportion in global computer services exportsContinue Reading
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