Category archives for: Business

British Telecom sues Google Android over patent misuse

Apple and Microsoft are not the only ones claiming search engine giant, Google, has violated patents they own. Telecommunication operator, British Telecom (BT), have filed a lawsuit in the United States against the company which has been benefiting from their inventions on Android and services like Google Maps, Google + or their own search engine. […]

Chinese economy in the thick of slump, catalyzed by the power transition next year – Part 2

Most US economists are spreading the word of imposing duties on Chinese imports in the country to help promote the local labour pool. However, their misled belief is not going to help the case in any regard. The Chinese have a better infrastructure, when it comes to production, whereas the US has innovation, when it […]

Chinese economy in the thick of slump, catalyzed by the power transition next year – Part 1

China’s economy is sinking fast but the downturn is merely a problem created by them. However, according to some experts, that might not be entirely true. The second largest economy has taken some steps in the past that have been beneficial at times but now they are becoming consequential. At the latest gathering of all […]

New plant will supply gas to KESC in four months’ time

Dr. Asim Hussain, Minister of Petroleum and Natural Resources, has finally announced that a new dedicated liquefied petroleum gas-air mix plant will be supplying gas to Karachi Electric Supply Company (KESC) in the coming four months’ time. The new plant will provide 100MMCFD gas per day to meet the needs of KESC and will greatly […]

Oil up near $104, Iran sanctions support

Oil up near $104, Iran sanctions support * Lower volumes could mean greater volatility SINGAPORE: Oil prices were up near $104 on Friday, consolidating after a heavy sell off earlier in the week, supported by a weaker dollar and concern over US sanctions against Iran, but the eurozone debt crisis continued to weigh. Brent crude, […]

SBP’s expansionary stance comes to a halt

The State Bank of Pakistan, in an unexpected move on Saturday, October 8, slashed the discount rate by 1.5% (150 bps) in a bid to kick-start economic activity in the country. However, how far this move will help in facilitating the aim is still not certain. This cut, the biggest of its kind in over […]

Zynga IPO goes north, a big dip in the graph on first day of trade – Part 2

The company’s main stream business is virtual commodities sale on FarmVille, like tractors, land, seeds and whatnot. These articles though make a huge sum of money for Zynga, many tout it as non-existent. However, this is a propaganda created by some tech and trade geeks. FarmVille tractor is no more virtual than a 1000 songs […]

Zynga IPO goes north, a big dip in the graph on first day of trade – Part 1

Zynga Inc. announced its Initial Public Offering on December 16 to raise a Billion dollars in capital. However, the online gaming company’s equity quest did not go well on the first day of the business. Initiated at $10 a share, the market took the offer lightly and the share price went down 5 percent  within […]

Fitch has said that the euro zone deal is beyond reach

Fitch has said that the euro zone deal is beyond reach It reaffirmed France’s top-notch triple-A rating but even here said the outlook was now negative, meaning it could be downgraded within two years. Underscoring the tensions within the bloc over a crisis that has spread relentlessly over the past two years, Italy’s prime minister […]

Apple and Amazon planning on new tablets with different sizes

What is the ideal size of a tablet? When it seemed that tablets should be of around 10 inches, Apple Inc. is preparing an iPad model with a screen size of 7.85 inches. The tablet is poised to begin production in second quarter of 2012. Samsung have already experimented with a seven-inch tablet, but have […]

Tanneries demand water supply urgently

As the fertilizers and textiles industries are already suffering from the shortfall of natural gas and electricity, the tanneries operating in the country have started complaining about the lack of water supply as well. Acute water shortage in the peak operational season has broken serious outrage among the tanneries sector, especially in Karachi. Chairman of […]

Pakistan Government and major stakeholders agree to new load management plan

Pakistan Government and major stakeholders agree to new load management plan Major stakeholder of natural gas in Pakistan agreed on Friday to a load management agreement that would share gas over the winter season. Asim Hussain, Petroleum Minister, held a meeting in which representatives from the All Pakistan Compressed Natural Gas Association, the All Pakistan […]

Join WishFree.com

Photo Gallery

Unique Auction UAE
Log in