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Pakistan Prime Minister Shehbaz Sharif on Saturday approved salary cuts ranging from 5 to 30 per cent for employees of state-owned enterprises and autonomous institutions as part of a wider austerity drive to address the economic fallout of the ongoing fuel crisis.The decision was taken during a high-level review meeting chaired by the prime minister…
Meta is planning its largest-ever layoffs, potentially impacting over 20% of its workforce that equals to about 15,000-plus employees. This significant move is driven by soaring AI infrastructure costs and a strategic shift towards leaner, AI-assisted operations. Executives are already mapping out reductions, as the company invests billions in AI development and acquisitions, while facing…
Global oil supplies are facing mounting pressure as the Middle East crisis continues to intensify, with disruptions rippling across several regions and the heat has reached Pakistan. In a bid to soften the hit, Pakistan PM Shehbaz Sharif has rolled out measures, running from cutting government spending and work from home guidelines, aimed towards saving…
In Dubai, traders have begun offering gold at discounts of up to $30 per ounce compared with the benchmark price in London. (AI image) US-Irasel-Iran war impact on gold prices: In UAE’s Dubai, which finds itself in the midst of the escalating Middle East crisis, the yellow metal is now available at very steep discounts….
Ryan Gosling might not be the one to bring him work home, but for ‘The Fall Guy’ star, his kids play a crucial role in his work. The Hollywood hunk recently opened up about a pretty sweet behind-the-scenes detail from his new sci-fi movie, ‘Project Hail Mary’. Turns out, his two daughters played a bigger…
NEW DELHI: A woman allegedly severed her friend’s genitals in north Delhi’s Wazirabad on Feb 25.Police received information from a hospital regarding the admission of a 22-year-old man, a resident of Rampur, UP. In his statement, the man said he came to Delhi on Feb 24 and was staying with a female friend in Sangam…
Block led by CEO Jack Dorsey has announced the most dramatic layoffs in the recent times. The company has slashed around 40% jobs which is nearly half of its workforce in a single round of layoffs. The company’s workforce has dropped from over 10,000 employees to just under 6,000. Speaking about the layoffs Dorsey said…
NEW DELHI: India and France have amended the double taxation avoidance agreement which will provide for taxation of capital gains on the basis of residency of the company and deleted the Most Favoured Nation (MFN) clause bringing in certainty in taxation.The amending protocol modifies the taxation of income from dividends by replacing a single rate…
The government has reduced duty benefits available to exporters under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme by 50 per cent with immediate effect, prompting industry bodies to urge a review of the decision, PTI reported.The Directorate General of Foreign Trade (DGFT) said the applicable RoDTEP rates will now be capped…
Meta has reportedly reduced the equity-based awards for most of its employees for the second consecutive year, as CEO Mark Zuckerberg channels unprecedented resources into artificial intelligence and data center expansion. According to a report by Financial Times, people familiar with the matter revealed that Meta trimmed its annual distribution of stock options by about…
