BRUSSELS: Facebook, Google and Twitter must do more to tackle fake news or face regulatory action, the European Commission said on Tuesday. The threat by the EU executive came a year after the US tech giants together with Mozilla, Microsoft and seven European trade bodies signed up to a voluntary code of conduct to combat fake news in a move …

Tesla’s third-quarter revenue fell 39 percent in the United States, a regulatory filing showed on Tuesday. Sales in the country, the electric car maker’s biggest market, fell to $3.13 billion from $5.13 billion, a year earlier. Earlier this month, Tesla said its revenue fell nearly 8 percent to $6.30 billion for the quarter ended September 30, missing analysts’ estimate of $6.33 billion, …

Chinese internet start-up ByteDance, whose globally popular app TikTok has raised US security concerns, on Tuesday denied reports that it was considering an initial public offering in Hong Kong in the first quarter of next year. ByteDance, which is said to be valued at up to $75 billion, was reported by the Financial Times to be eyeing a listing in the city …

Lahore           –    The Lahore Chamber of Commerce & Industry (LCCI) on Monday announced support of traders’ shutdown strike call for October 29th and 30th. While addressing an emergent meeting of the Executive Committee, LCCI President Irfan Iqbal Sheikh, Senior Vice President Ali Hussam Asghar and Vice President Mian Zahid Jawaid Ahmad said government should …

ISLAMABAD:Pakistan Stock Exchange (PSX) Monday witnessed bullish trend as KSE 100 index went up by 204.13 points (0.61 %) to close at 33,861.59 points. A total of 135,633,699 shares were traded compared to the trade of 170,857,654  shares during the previous day, whereas the value of shares traded during the day stood at Rs 4.099 billion compared to Rs 4.016 …

ISLAMABAD     –   Federal Board of Revenue (FBR) on Monday warned that certain unscrupulous elements may attempt to avail the opportunity of transporting smuggled vehicles under garb of crowds, groups and dharna processions moving across country. The FBR has issued a statement wherein it has been informed that certain unscrupulous elements may attempt to avail the opportunity of transporting vehicles under …

KARACHI: The Karachi Electronics Dealers Association (KEDA) has announced to support the two-day strike by All Pakistan Traders Association here on Monday and said that the electronics markets would be closed on October 29 and 30. At a press conference held at the office of the Karachi Electronics Dealers Association, President Rizwan Irfan said that their  issues are not being …

ISLAMABAD: Dr Abdul Hafeez Shaikh, the adviser to the prime minister on finance and revenue, said Tuesday the government was focusing on implementation of the International Monetary Fund (IMF) programme. “The containment of current and fiscal deficits and stabilisation of exchange rate are indicative of the success of government efforts to put the economy on the long-term growth track,” he …

KARACHI: The State Bank of Pakistan (SBP) in its annual report on Monday said the rising share of services sector, at the expense of industry and agriculture, needs to be addressed while forecasting the GDP growth for FY20 between three and four per cent. According to the report, the country largely produces non-tradable services which are consumed domestically. At the …

BEIJING: The Financial Action Task Force (FATF) forum should not be politicised by countries to pursue their agenda, said a top Chinese foreign ministry official on Monday. “China does not want the FATF to be politicised by any single country. There are some countries which want to include Pakistan in the blacklist. They have political designs which China is against,” …