KARACHI: Careem, the Dubai-headquartered ride-hailing company, has reportedly laid off around 150 employees just weeks after its $3.1 billion acquisition by Uber was officially closed. The news was first reported by MENAbytes and has been confirmed with sources inside the company. An email sent out by Careem CEO Mudassir Sheikha to his employees last week, available with Dawn, says the …

HOUSTON, Texas (KTRK) — Frustrated restaurant and small business owners packed a town hall-style meeting with Houston Police Chief Art Acevedo on Monday. The energetic crowd told the chief and his staff that they are tired of repeated break-ins at the small businesses in Midtown, Montrose, and Heights neighborhoods. Many business owners pointed out that they often have very good …

ISLAMABAD: The power distribution companies (Discos) of Wapda have started filing fresh petitions for increase in tariff under the newly introduced two-part tariff mechanism to pass on full electricity costs to consumers in a timely manner. Under the amended Nepra act (Regulation of Generation, Transmission and Distribution of Electric Power Act), the power companies are required to file separate tariff …

LONDON: Global stocks and oil plunged on Monday as panicked investors fled risky assets for safer bets gold, bonds, the dollar and the yen, after China warned that a deadly new coronavirus was spreading fast. On equity markets luxury goods makers and airlines suffered particularly as Chinese tourist spending is a key factor for them. China extended its traditional Lunar …

LONDON: Global stocks and oil plunged on Monday as panicked investors fled risky assets for safer bets gold, bonds, the dollar and the yen, after China warned that a deadly new coronavirus was spreading fast. On equity markets luxury goods makers and airlines suffered particularly as Chinese tourist spending is a key factor for them. China extended its traditional Lunar …

HOUSTON, Texas (KTRK) — The Centers for Disease Control announced it will expand screenings for the coronavirus to 15 additional airports, including Bush Intercontinental Airport. The CDC is currently screening passengers on direct and connecting flights from Wuhan, China at five major airports in Atlanta, Chicago, New York City, San Francisco and Los Angeles. According to a tweet, Houston airports …

KARACHI: Stocks moved in a tight band on the first trading day of the week with the KSE-100 index recording a drop of 93.79 points (0.22 per cent) and closing at 42,539.23. While the results season attracted some value hunters, the investor appetite vanished as a flood of disconcerting events stared them in the face. The rising inflation prompted analysts …

HOUSTON, Texas (KTRK) — Rain showers and a few weak storms are moving into Southeast Texas this morning. Scattered showers and a few thunderstorms will be possible but severe weather is not anticipated. Your best chance of rain will fall in the 9 a.m. to 3 p.m. window, then rain chances will taper down as we head into the evening. …

A teen is dead following an altercation between friends in southeast Houston, police say. Around 1 a.m. Tuesday, officers responded to a call of an assault in progress at the 7300 block of Lindencrest. Upon arrival, a woman told officers she was reportedly assaulted by her husband. Police say they also found a teen on the stairwell with a gunshot …

HOUSTON, Texas (KTRK) — A man in his 70s was robbed and shot outside his home on Houston’s south side. Police say the man was just arriving to his home on Dacca Drive off Highway 288 around 1:50 a.m. Tuesday when a gray truck pulled up. Two people got out of the truck, demanded money and shot the man in …