Why gold was chemically meant to be money

Why gold was chemically meant to be money

It shines and it’s gold but, why coin? Not everything that shines is gold, but then, why did so many cultures choose it as currency if there were apparently so many other options? While it is a precious metal, there are more valuable items and even others have been used...

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To perform better: K-Electric’s power generation function could be separated

To perform better: K-Electric’s power generation function could be separated

ISLAMABAD: It is too painful to see Karachi suffering due to lack of electricity in scorching heat. This is despite the available generation capacity within Karachi that is not being utilised. This time gas supply is a contention. In earlier periods of heavy load-shedding, running steam power plants was an issue....

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Public Overwhelmed as Petrol Prices Rise and Commuting Gets Cheaper

Public Overwhelmed as Petrol Prices Rise and Commuting Gets Cheaper

The most sought-after ride hailing service, Careem, has decided to strike down the fare charges on two of its vehicle types, making it more convenient for people. Earlier this year in January, Careem elevated its rates in some of the cities of Pakistan due to the rise in fuel prices....

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These are the 5 economies that will grow fastest in the world in 2018

These are the 5 economies that will grow fastest in the world in 2018

The countries that recover after having gone through hell usually experience a rebound that leads them to grow at a shocking speed. But there is a power (which is not China), which seems unstoppable. A decade has passed since the financial crisis that shook the world unleashed. After many hardships, the...

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Auto rickshaw maker to set up car assembly plant by June 2019

Auto rickshaw maker to set up car assembly plant by June 2019

KARACHI: Sazgar Engineering Works, maker of CNG auto rickshaws, has decided to set up a car and light commercial vehicles’ (LCVs) plant on a fast-track basis as it looks to roll out models in an 18-month time frame to tap potential growth in Pakistan’s auto sector. To achieve the target, the...

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Judge in AT&T, Time Warner merger trial to deny data protection order

Judge in AT&T, Time Warner merger trial to deny data protection order

WASHINGTON  – The judge overseeing the Justice Department’s bid to stop AT&T (T.N) from buying Time Warner (TWX.N) said Thursday that he would deny a request to tighten protections on confidential data. Walt Disney Co (DIS.N) and Twenty-First Century Fox Inc (FOXA.O) had requested that a protective order on sensitive...

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In Silicon Valley, much-feared tax bill pays dividends for workers

In Silicon Valley, much-feared tax bill pays dividends for workers

SAN FRANCISCO – The U.S. tax overhaul is a boon to Silicon Valley technology companies like Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O), which will enjoy big tax cuts and the chance to bring back billions of dollars from overseas at a reduced rate. And contrary to the dire warnings...

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EASA orders airlines to replace some Rolls-Royce engines

EASA orders airlines to replace some Rolls-Royce engines

FRANKFURT  – The European aviation safety regulator ordered airlines to replace some Rolls-Royce Trent 1000 engines on their aircraft as some components are suspected of having corroded. The European Aviation Safety Agency (EASA) said, to reduce the risk of both engines shutting down in flight, a new life cycle limit...

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Alphabet’s Eric Schmidt to step down as executive chairman

Alphabet’s Eric Schmidt to step down as executive chairman

SAN FRANCISCO – Alphabet Inc (GOOGL.O) said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology powerhouse. He will continue to serve on the Alphabet’s board...

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BNY Mellon freezes $22 billion in Kazakhstan assets: source

BNY Mellon freezes $22 billion in Kazakhstan assets: source

ALMATY  – The Bank of New York Mellon (BK.N) has frozen $22 billion in assets held by Kazakhstan’s National Fund over a lawsuit launched by Moldovan businessman Anatolie Stati and his companies against the Kazakh government, a source familiar with the case said on Thursday.  The National Fund is replenished...

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