South Korea’s LG becomes first major smartphone brand to withdraw from market
SEOUL (Reuters) – South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10% share in North America, where it […]
GameStop plans $1 billion stock sale, shares slide
(Reuters) – GameStop Corp shares fell 12% on Monday after the video game retailer said it may sell up to $1 billion worth of stock as it takes advantage of a dizzying rally in its shares this year on the back of a Reddit-driven retail trading frenzy. The company said it would sell up to […]
Japan’s Mizuho says to revise contingency plan for system failure after recent glitches
TOKYO (Reuters) -Mizuho Financial Group Inc will revise its contingency plan for a system failure by the end of June, the lender said on Monday, after it suffered four system glitches during a two-week period from February to March. Mizuho, Japan’s third largest lender by assets, will hold a news briefing at 0900 GMT, which […]
Exclusive: South Korea steel giant POSCO weighs how to exit Myanmar military-backed venture – sources
SEOUL (Reuters) – Giant South Korea steelmaker POSCO has begun reviewing how it might end a joint venture with a firm controlled by the military in Myanmar in the wake of the coup there in February, two people with first-hand knowledge of the matter told Reuters.
U.S. says 165 million doses of COVID-19 vaccine been administered so far
(Reuters) – The United States has administered more than 165 million doses of COVID-19 vaccines in the country as of Sunday morning and distributed nearly 208 million, the U.S. Centers for Disease Control and Prevention (CDC) said on Sunday. That is up from the 161,688,422 vaccine doses the CDC said had gone into arms by […]
Oil drops below $64 as rising OPEC+, Iranian output weighs
LONDON (Reuters) – Oil fell to below $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and expectations of a wider demand recovery in 2021. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on […]
Three steps to stop the health crisis turning into the biggest emerging market debt crisis
The servicing and rolling over of the public and private debt of middle-income countries is a major point of COVID-19-induced stress in the global economy.
Trouble befalls Japanese manufacturing workers following earthquake in February and ongoing Covid worries
The manufacturing sector in Japan is experiencing significant fall in semiconductor/chips output and affecting the automobile and electrical machinery production since the Fukushima-ken Oki earthquake (7.1-7.3 magnitude) off the East coast of Japan adding to ongoing Covid worries.
People Prefer Robots to Humans For Managing Finances
According to a recent study, people prefer to seek financial advice from AI-enabled services rather than a human financial expert.
Habib Bank Limited (HBL) has managed to digitize its service in Pakistan
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] In the world of digitization, Pakistan is all set to digitized its banking services with HBL. HBL is a Pakistani multinational bank, It is Pakistan’s first commercial bank. Which was founded in 1940. COO of HBL, Mr. […]
