Home / 2023 / December

Monthly Archives: December 2023

AI defined 2023. Bullets and ballots will shape 2024


December 31, 2023

How to sum up the most important news of the year past? The obvious answer in 2023 is to use Artificial Intelligence. In that spirit, I asked OpenAI’s ChatGPT and Google’s Bard – two of the most popular generative AI tools – to do the job for me. Their responses show AI’s power, but also the ways it still falls …

Read More »

Drugmakers set to raise prices on at least 500 drugs in January


December 31, 2023

NEW YORK: Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. Excluding different doses and formulations, more than 140 brands of drugs will have their prices raised next month, the data showed. The expected price …

Read More »

Swiatek off to flying start as Poland beat Brazil in United Cup


December 31, 2023

PERTH: Iga Swiatek put down a marker for 2024 as the world number one thumped Beatriz Haddad Maia 6-2, 6-2 in the United Cup mixed team tournament on Saturday before Hubert Hurkacz handed Poland an unassailable 2-0 lead against Brazil. Swiatek ended last season with 11 straight wins to lift the China Open and WTA Finals trophies and reclaim the …

Read More »

Green in the mix to replace Warner in opener’s race


December 31, 2023

MELBOURNE: Andrew McDonald has left the door open for Cameron Green to replace David Warner at the top of the Test order, refusing to limit the candidate pool to specialist openers. Warner will play his final Test in Sydney next week, fulfilling his ambition for a home farewell after announcing his retirement plans last June. Australia will be hoping to …

Read More »

Luiz sends Villa joint top of EPL, City close in


December 31, 2023

MANCHESTER: Douglas Luiz’s late penalty took Aston Villa joint top of the Premier League with a 3-2 win over 10-man Burnley on Saturday as Manchester City closed on the leaders by sweeping aside Sheffield United 2-0. It looked like a festive season to forget for Villa was set to continue after dropping points at home for the first time this …

Read More »

CCP warns retailers against ‘deceptive marketing’


December 31, 2023

ISLAMABAD : In a first of its kind advisory to commercial outlets, the Com­petition Commission of Pakistan (CCP) has war­ned shoe and clothing brands offering discounts to ensure complete and visible disclosures regarding actual and discounted prices. “Brands violating this directive may face enforcement actions by the CCP,” the advisory issued on Saturday said. It added that during the ongoing …

Read More »

PCB to take up umpiring, use of tech in Melbourne Test with ICC


December 31, 2023

KARACHI: The Pakistan Cricket Board (PCB) has decided to take up the matter pertaining to umpiring and use of technology with the International Cricket Council (ICC) following the controversial dismissal of Mohammad Rizwan in the second Test of the ongoing series against Australia at Melbourne, Press Trust of India (PTI) reported on Saturday. On Friday, the on-field umpire refused to give Pakistan …

Read More »

Manufacturers enjoy robust sales amid high inflation


December 31, 2023

KARACHI: Amid an annual increase of 43.25 per cent in weekly inflation ending Dec 28 and soaring utility bills, manufacturers of consumer goods items recorded brisk sales in the first nine months of 2023. Market people believe that the jump in sales was because of price increases but they must have suffered a slowdown in volume or quantity of goods …

Read More »

Stocks rebound in a jittery week


December 31, 2023

KARACHI: The stock market witnessed a meltdown at the beginning of the outgoing week amid profit-taking by investors because of a substantial reduction in leveraged positions. Arif Habib Ltd said the bearish momentum proved short-lived as the market rebounded the following day by 1,693 points, marking the third-highest day-on-day increase in its history. Foreign exchange reserves of the State Bank …

Read More »