WASHINGTON: As he prepares to blast off into a new career stage, Jeff Bezos leaves an enduring legacy after transforming Amazon from a modest online bookseller into one of the world’s most powerful corporations. Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy and turn his attention to his private space …

Economic growth creates the private sector’s demand for bank credit. A strong economic recovery of four per cent in 2020-21 — after about 0.5pc decline in GDP a year earlier — led to higher demand for bank credit. By and large, banks met increased credit demand. But they apparently failed in making sure that bank credit is distributed judiciously across …

ISLAMABAD: The National Accountability Bureau (NAB) has established the Anti-Money Laundering and Combating the Financing of Terrorism (AML&CFT) cell to check financial crimes and illegal transfer of resources. However, the main responsibility to investigate terror financing cases will still lie with the Federal Investigation Agency (FIA). A senior official of the anti-graft watchdog told Dawn that the AML&CFT cell would coordinate with …

British actor Florence Pugh and boyfriend Zach Braff’s romance is going stronger than ever, despite the many naysayers they have. During a new interview with the Sunday Times, the Little Women star, 25, spoke about her relationship with the Scrubs actor, 46, and revealed why she thinks the two get backlash. “I think it bugs people that it’s not who they expected,” said Pugh. She …

Britain’s Queen Elizabeth will award the UK’s state-run National Health Service (NHS) the country’s highest civilian honour in recognition of health workers’ service during the pandemic, the government announced Monday. The award of the George Cross, which is the civilian equivalent of Britain’s Victoria Cross for extraordinary military heroism, comes amid outcry from medical professionals over pay and working conditions …

The National Transmission and Despatch Company (NTDC) recently submitted the revised Indicative Generation Capacity Expansion Plan (IGCEP) for the regulator’s approval. Alongside other revisions, it indicates an increase in the planned hydropower share to more than half of the country’s total energy mix by 2030. The hydropower component of the IGCEP displays an ‘alarming trend’, according to the comments on …

GUJRAT: The federal and Punjab governments will jointly provide funds for establishment of the University of Applied Engineering and Emerging Technologies (UAEET) in Sialkot. The Punjab government has provided a free-of-cost 500 acres piece of land near Sambrial for the project whose total estimated cost is Rs16.8bn. The federal and Punjab governments will provide half of the amount each for …

ISLAMABAD: While Islamabad has well-managed weekly bazaars, the neglect by authorities is creating conditions for the benefit of the sellers instead of the buyers. The H-9 Peshawar Mor Bazaar is the largest and the most prominent of the several weekly bazaars in the city and the only place where controlled rates markets are held three days a week — on …

Britain’s Queen Elizabeth II honoured UK’s state-run National Health Service (NHS) staff, past and present, with country’s highest civilian award –the George Cross– in recognition of their services during the Covid-19 pandemic. The Buckingham Palace announced it on its official Twitter handle. The Royal Family tweeted Queen’s message which reads: “It is with great pleasure on behalf of a grateful …

Kim Kardashian mesmerised people with her chic appearance as she enjoyed  exotic cuisine  at the Trevi restaurant in Rome. The 40-year-old ‘KUWTK’ beauty shared several snaps from her chic outing in Italy on Sunday as her excursion continues. The ‘Keeping UP With The Kardashians’ star also shared snaps outside the Trevi fountain in the Italian capitol while rocking a stylish …