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Chinese internet firms extend $1.23 bn cash offer for Norway’s Opera Software

A group of Chinese internet firms who made a cash offer in February for Norwegian mobile phone browser Opera Software, valuing it at $1.23 billion, have extended the offer as it had not reached the required level of acceptances. The group said on Thursday it had received acceptances representing 72.19 percent of shares in Opera Software, below the required level …

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Oracle, Google fail to settle Android lawsuit ahead of May retrial

SAN FRANCISCO: Oracle Corp and Alphabet´s Google unit failed to settle a long running copyright lawsuit over the Android operating system ahead of a retrial scheduled for May, according to a court docket. The case was first tried in San Francisco federal court in 2012, and the jury deadlocked on Google´s fair use defense. The case involves how much copyright …

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A robot to teach kids coding

CAMBRIDGE, MASS: A robot named Root has been developed to expose kids of all ages to coding in a way that brings the often daunting world of computer science to life. Root looks like a smoke detector but is actually a sophisticated robot. A magnetic surface, wheels, and an impressive arsenal of sensors allow it to navigate a classroom whiteboard. …

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K-P invites Iran to invest in power, marble sectors

PESHAWAR: In a bid to strengthen relationship with the Iranian business community, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Riaz Khattak has emphasised the need for Pakistan and Iran to transform their ties into a successful economic partnership. In a meeting with Iranian Commercial Counsellor Mostafa Razavi Zadeh, Khattak said Khyber-Pakhtunkhwa (K-P) was rich in hydroelectric …

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Market watch: Index ends flat after see-saw ride

KARACHI: A see-saw ride saw the index lose all its gains in the second session to eventually close on a flattish note to end the week near the 33,800-point mark. After a positive start that saw the benchmark KSE-100 Index touch 33,917, investors opted to book profits as global crude oil prices dipped intra-day. At close on Friday, the Pakistan …

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Pakistan’s future when, and if, oil prices increase

KARACHI:Contrary to the forecasts of a lot of analysts who predicted global oil prices would go down as low as $10 a barrel, Brent crude has made a rebound by hitting the highest level since the beginning of 2016. The international benchmark for oil prices touched $44.68 per barrel on April 12, up 60.60% from $27.82 per barrel recorded on …

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In London digs, Zardari calls Nawaz

Former president and PPP Co-chairman Asif Ali Zardari called Prime Minister Nawaz Sharif on Friday evening and inquired after his health with the two leaders staying in close proximity in London. Zardari, who arrived in London earlier on Friday, is staying at Grosvenor House which is located just a few blocks down Park Lane to where Nawaz is staying. Zardari …

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All Pakistanis named in Panama Papers face probe

ISLAMABAD:The government has decided to investigate all Pakistanis named in the Panama Papers through a judicial commission headed by a retired judge, rebuffing the opposition’s demand for a probe into the scandal through a serving judge. On Thursday, Finance Minister Ishaq Dar after a marathon huddle with senior leaders of the ruling party finalised the government’s strategy with three major …

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Nisar gives PTI go-ahead for foundation day rally

ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan has given a green signal to Pakistan Tehreek-e-Insaf (PTI) for holding a political gathering on its foundation day in Islamabad on April 24. The security czar ordered on Saturday the Islamabad Capital Territory (ICT) administration to settle all matters in this context with the local leadership of the party. Nisar also asked the …

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Ayyan Ali to approach SC against non-removal of name from ECL

ISLAMABAD: Model Ayyan Ali has decided to approach the Supreme Court against the federal government for not removing her name from the Exit Control List (ECL). Ali’s counsel Chaudhry Akhtar Ali told The Express Tribune on Saturday that he is likely to move a contempt petition in the apex court on Monday against non-removal of her client’s name from ECL …

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