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Daily Archives: February 9, 2024

Baidu partners with Lenovo in third AI smartphone deal


February 9, 2024

Baidu has partnered with Lenovo to feature its generative artificial intelligence (AI) technology on Lenovo’s smartphones, in the latest team up with a phone manufacturer as it seeks practical applications for its AI model. A spokesperson for Beijing-based Baidu told Reuters this week that the partnership involves Lenovo using its Ernie large language model (LLM) and is similar to collaborations …

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Chelsea down Villa to advance in FA Cup


February 9, 2024

BIRMINGHAM: Chelsea responded to a troubling week with a superb 3-1 win at Aston Villa to reach the fifth round of the FA Cup and put a smile back on the face of Mauricio Pochettino on Wednesday. Successive heavy losses in the Premier League had left manager Pochettino under intense scrutiny ahead of the fourth-round replay, but first-half goals by …

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Paris 2024 medals to contain piece of Eiffel Tower


February 9, 2024

PARIS: Podium finishers at the upcoming Paris Olympics will be rewarded with a piece of the Eiffel Tower, organisers said on Thursday, unveiling the events medals which are set with hexagon-shaped tokens forged out of scrap metal from the monument. The idea was to link the Games with symbols of France, said Thierry Reboul, creative director of Paris 2024. “The …

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Sri Lanka ready for challenge in Afghanistan ODI series


February 9, 2024

PALLEKELE: Sri Lanka won their one-off Test match against Afghanistan by 10 wickets, but skipper and captain Kusal Mendis said on Thursday they face a tougher challenge on the eve of their three-match ODI series. Afghanistan are making a name for themselves in white-ball cricket, and will take the field with several of their key stalwarts. “In ODIs, we know …

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KSE-100 index plunges 1,700 points morning after elections


February 9, 2024

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index plunged 1,700 points in early morning trade over political uncertainty on Friday as the results of the general elections trickled in after a protracted delay. According to the PSX website, the index plunged by 2,278 points shortly after trading began. It then recovered slightly, losing 1,720.27 points, or 2.68 per cent, to …

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Rupee stays resilient despite challenges


February 9, 2024

JOIN OUR WHATSAPP CHANNEL KARACHI: Despite being surrounded by political and economic uncertainties, the local currency remained stronger against the US dollar in the interbank market. The exchange rate, which has been a serious cause of concern for the government as well as stakeholders in the economy, remained stable for over two months. The State Bank of Pakistan reported the …

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Businesses look forward to stability


February 9, 2024

KARACHI: Post-election scenario is more important for the economy as the ‘stalemate’ prevailing for the last 15 days will see a vital change with the formation of the new government, said market sources. Since the general elections were announced the stakeholders of the economy have been keenly watching the developments particularly the economic performance and the caretaker government’s relations with …

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Textile industry seeks cheaper money, energy to boost exports


February 9, 2024

KARACHI: From April onwards, the country has a substantial opportunity to increase textile exports and capture a larger chunk of the world market, says Pakistan Textile Exporters Association Patron-in-Chief Khurram Mukhtar. He said there were two main areas that the incoming government should focus on to boost textile exports: electricity-related reforms and the availability of capital. Electricity prices for the …

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Election merchandise sales plunge 60pc over 2018


February 9, 2024

KARACHI: Despite an improvement in flag and panaflex displays in the city just one week before the elections, manufacturers noted a 40-60 per cent decline in sales compared to the 2018 elections, attributing this drop to looming uncertainty over the holding of the general polls and a lack of orders from small political parties. Both political parties and their candidates …

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