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Daily Archives: May 2, 2024

Apple set for big sales decline as investors await AI in iPhones


May 2, 2024

Apple opens new tab plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year. Long considered a must-own stock on Wall Street, Apple shares have underperformed other Big Tech …

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Poliovirus found in 10 more sewage samples


May 2, 2024

ISLAMABAD: The National Institute of Health (NIH) Islamabad has confirmed the detection of Type-1 Wild Poliovirus (WPV1) in the environmental samples of 10 districts. The districts where the poliovirus found in the environmental samples included Hyderabad (Tulsidas Pumping Station and Latifabad 9 Pumping Station), Keamari, Karachi, (Orangi Nalla), Jamshoro (Drain KB Feeder), Sukkur (Maka Pumping Station), Jacobabad (Saddar Pumping Station), …

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Red Bull confirms design chief Newey to leave F1 team in 2025


May 2, 2024

Red Bull confirmed on Wednesday that celebrated chief technical officer Adrian Newey will leave the Formula One team in early 2025 after 19 years. It was widely reported last week that the 65-year-old, regarded as the greatest designer in the sport’s history, was set to quit following a controversy involving allegations about team principal Christian Horner.     The British-based …

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T20 World Cup ‘stepping stone’ to building US fanbase for Olympics


May 2, 2024

NEW DELHI: Next month’s T20 World Cup will help build cricket’s profile and popularity in the United States ahead of its appearance at the 2028 Olympics in Los Angeles, the sport’s world body said. The showpiece 20-over event will be co-hosted by the West Indies and the United States in June with New York, Florida and Dallas as venues. The International Cricket …

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Pakistan name 17-member women’s squad for England tour


May 2, 2024

KARACHI: The newly-appointed seven-member women’s national selection committee has named a 17-player Pakistan women’s squad for this month’s tour to England, the country’s cricket board said on Wednesday. Nida Dar will continue to lead the side, which will feature in three Twenty20 Internationals from May 11-19 and three one-dayers from May 23-29 May. The ODIs will be played as a …

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Pakistan to announce T20 World Cup squad later this month: report


May 2, 2024

LAHORE: The Pakistan Cricket Board (PCB) has delayed the announcement of its World Cup squad until late May due to fitness and performance issues with some players, the Press Trust of India (PTI) news agency reported on Wednesday. A PCB source told PTI that Pakistan would announce their T20 World Cup squad either on May 23 or May 24 — which is the deadline …

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‘Eight out of eight’ teams will visit Pakistan for CT, says PCB chief Mohsin


May 2, 2024

KARACHI: Pakistan Cric­ket Board chairman Mohsin Naqvi is confident that “eight of out eight” teams will visit the country when it hosts the ICC Champions Trophy early next year. Despite the PCB chief’s optimism, whether India will make a trip across the border for the tournament, stays a question mark nevertheless, given the country’s government’s reluctance to send its cricket …

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OGDCL earns Rs171bn


May 2, 2024

ISLAMABAD: Oil and Gas Development Company Ltd (OGDCL) posted a 7.18 per cent increase in its profit after tax (PAT) to Rs171.104 billion (earnings per share at Rs39.78 ) in the first nine months ending March 31 of 2023-24. In a statement on Wednesday, the company said its net sales revenue was Rs348.164bn. The board announced an interim cash dividend …

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Barrick not bidding for Anglo American


May 2, 2024

TORONTO: Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner’s CEO Mark Bristow said on Wednesday. If BHP’s proposed acquisition of Anglo is successful, it would create one of the world’s biggest copper miners. Analysts and investors expect …

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