SEOUL: Samsung Electronics (005930.KS), opens new tab flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. The world’s biggest maker of memory chips said it expected mobile and PC makers to place more, better chips in …

WASHINGTON: Meta (META.O), opens new tab Chief Executive Mark Zuckerberg on Wednesday apologized to families at a US Senate hearing about the impact that social media has on children. Under prodding from Republican Senator Josh Hawley, Mark Zuckerberg stood up and addressed families who held up pictures of their children who they said had been harmed by social media. As …

VISAKHAPATNAM: India will bank on a traditional approach to bounce back in their second home Test against England, the team’s batting coach said on Wednesday, despite the tourists finding success with their attacking “Bazball” strategy. England trumped the hosts to lead the five-match series 1-0, with the action shifting to Visakhapatnam starting on Friday on a pitch expected to turn …

DOHA: Four-time champions Japan eased into the quarter-finals of the Asian Cup with a clinical 3-1 victory over Bahrain on Wednesday at Al Thumama Stadium with goals from Ritsu Doan, Takefusa Kubo and Ayase Ueda. Bahrain coach Juan Anotnio Pizzi had been looking to heal old wounds after his Saudi Arabia team lost to Japan at the same stage in …

KORHOGO: Morocco became the latest giants to be toppled at a shock-filled Africa Cup of Nations when they fell 2-0 to South Africa on Tuesday, while Mali also booked a quarter-finals place. Evidence Makgopa and Teboho Mokoena scored in the second half for Bafana Bafana, who once again proved a bogey team for the Atlas Lions, whose Achraf Hakimi missed …

ISLAMABAD: Pakis­tan Railways on Wednesday introduced a fuel monitoring system based on internet of things (IoT) for digital enhancing safety and efficiency. The IoT is a network of inter-related devices that connect and exchange data with other IoT devices. Caretaker Minister for Railways, Commun­icat­ions and Maritime Affa­irs Shahid Ashraf Tarar inaugurated the new digital system of PR at the Margalla …

ISLAMABAD: Tax collection by the Federal Board of Revenue (FBR) fell short of the target by almost Rs9 billion in January mainly due to lower collection in domestic taxes and customs duty, provisional figures showed on Wednesday. The revenue collection in January stood at Rs681bn against a projected target of Rs689.6bn. It increased by 24.95pc when compared with Rs545bn in …

ISLAMABAD: While painting an otherwise rosy economic picture at the fag-end of its rule, the caretaker government on Wednesday conceded the persisting inflationary trends and rising pressures on current expenditure mainly due to the policies of the government and the State Bank of Pakistan, respectively, continue to remain critical challenges, needing prudent policies of the next government to strengthen economic …

KARACHI: The State Bank of Pakistan (SBP) has relaxed the trade regime by allowing advance payments or remittances for import of goods, which may increase outflow of dollars from the country. The State Bank issued a circular on this subject and invited all banks to circulate this new development regarding the advance payments without prior approval of SBP. “Authorised dealers …