Austria and Iran to foster ties for economy’s growth

Austria and Iran to foster ties for economy’s growth

MOSCOW: Austrian Ambassador to Tehran Stefan Schulz said on Tuesday that Austria was planning to foster its ties with Iran in water resources, renewable energy, and sustainable tourism. “Environment-friendly supply and security of water resources, renewable energies and sustainable tourism are among the objectives specified for the economic plan to cooperate with Iran,” Schulz said,...

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Pepsi’s first female CEO, Nooyi, likely to leave the role in October

Pepsi’s first female CEO, Nooyi, likely to leave the role in October

Indra Nooyi is stepping down as the chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America. Nooyi, 62, will leave the role in October and...

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Revised Policy: Families planning trip to UAE without having to pay for the visa fee of children below 18

Revised Policy: Families planning trip to UAE without having to pay for the visa fee of children below 18

UAE announces a new visa policy, allowing kids under 18 years of age traveling with parents or guardians to avail a two-month free tourist visa. Families planning to travel in summers will be able to do so without having to pay for the visa fee of their children. The decision...

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Starbucks announces partnership with Alibaba for delivery services

Starbucks announces partnership with Alibaba for delivery services

Starbucks on Thursday announced a partnership with e-commerce giant Alibaba that will give the US coffee giant greater access to China’s growing food-delivery market as it faces increased competition from local firms. The move comes as Seattle-based Starbucks faces a challenge from upstart Chinese company Luckin Coffee, which has expanded...

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Petroleum prices maintained for the month

Petroleum prices maintained for the month

ISLAMABAD: The interim government has decided to maintain the prices of petroleum products at the existing level for the current month. A notification put out by the Ministry of Finance said the prices of petroleum products have been kept the current levels in order to provide relief to the common...

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Samsung’s profit margins shrink as it misses out on S9 sale targets

Samsung’s profit margins shrink as it misses out on S9 sale targets

SEOUL: On Tuesday, Samsung shares its slowest quarterly profit growth in more than a year as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market. The Apple components supplier and smartphone rival said operating profit from the mobile business...

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Pakistan and China show mutual consent to foster bilateral relations and work collectively

Pakistan and China show mutual consent to foster bilateral relations and work collectively

ISLAMABAD: Pakistan and China have mutually agreed to extend bilateral relations and work collectively particularly in aviation sector. Federal Minister for Aviation Lt. Gen. (retd) Naeem Khalid Lodhi and Chinese Ambassador in Pakistan Yao Jing held a meeting on Tuesday and discussed different matters of mutual cooperation in various sectors....

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OGRA: Petroleum prices hike w.e.f 1st August

OGRA: Petroleum prices hike w.e.f 1st August

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Power Division suggesting yet another hike in prices of various petroleum products effective August 1. The regulatory body has recommended an increase of Rs2.75 per litre in petrol prices, Rs3 per litre for diesel, and Rs4...

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Electricity bills worries WASA as it inches up and inflates

Electricity bills worries WASA as it inches up and inflates

RAWALPINDI: The Water and Sanitation Agency (Wasa) has expressed resentment over a Rs5.5 million electricity bill for June and asked the provincial government to take up the matter with the Islamabad Electric Supply Company (Iesco). Wasa Managing Director Raja Shaukat Mehmood told Dawn that Wasa had received an inflated bill...

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Pakistan Railways suffers a grave loss of Rs.40bn

Pakistan Railways suffers a grave loss of Rs.40bn

LAHORE: The Supreme Court (SC) sought a reply from the railway ministry after it was informed by an auditor on Tuesday that Pakistan Railways had suffered losses of Rs40 billion. Resuming the hearing of a case pertaining to monetary losses suffered by the vital service, the Chief Justice of Pakistan...

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