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GILGIT/ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday announced the immediate power supply of 100 megawatts for Gilgit Baltistan and Rs1 billion endowment fund for the universities students. The prime minister, who chaired the special meeting of the GB cabinet during his daylong visit here, expressed satisfaction and pleasure over the timely completion of Bubar […]
The United States and Somalia reached an agreement on Tuesday for Washington to cancel more than US$1 billion in debt owed by the troubled Horn of Africa nation. The announcement came a day after the parliament in Somalia, which is heavily dependent on international aid, approved a US$1.36 billion national budget for 2025. Somalia is […]
https://unsplash.com/photos/solar-panels-on-green-field-513dBrMJ_5w Enbridge, a Canadian energy company, just announced it’s moving forward with an 815-megawatt (MW) solar project called Sequoia in Texas. When it’s done, it’ll be one of the largest solar farms in North America. The project’s price tag is a hefty $1.1 billion. Enbridge’s Sequoia, around 150 miles west of Dallas, has already landed […]
The Home Builders Association of Nigeria (HBAN) has accused the Minister of the Federal Capital Territory (FCT), Nyesom Wike, of unlawfully demolishing over 100 homes in Sabon Lugbe, a satellite town in Abuja. The developers stated that the demolition has displaced hundreds of residents, resulting in financial losses exceeding N200 billion. At a press conference […]
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its […]
Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday. Shares of Globalstar jumped over 30%, while Apple was down around 1.4% a day after it forecast tepid quarterly revenue growth. Under the funding agreement, Apple will […]
TOKYO, Nov 02 (News On Japan) – Japan’s Fair Trade Commission has ordered four major insurance companies — Mitsui Sumitomo Insurance, Sompo Japan, Aioi Nissay Dowa Insurance, and Tokio Marine & Nichido Fire Insurance — to pay fines totaling over 2 billion yen for collaborating to discuss estimates and bid amounts, leading to premium increases. […]
NASA’s 47-year-old Voyager 1 spacecraft recently established contact with Earth after a brief halt with the help of a radio transmitter that has not been used since 1981. NASA engineers at Jet Propulsion Laboratory (JPL) in California re-established contact with the spacecraft on October 24. The spacecraft, which is in interstellar space over 15 billion […]
The contentious proceedings in Delaware’s Court of Chancery should be complete by the end of December, according to the judge’s letter to lawyers in the case. Source link
Three months ago, Wall Street punished the world’s largest technology firms for spending enormous amounts to develop artificial intelligence, only to deliver results that failed to justify the costs. Silicon Valley’s response this quarter? Plans to invest even more. Bloomberg: The capital expenditures of the four largest internet and software companies — Amazon, Microsoft, Meta […]