Business Archives - Page 28 of 33

Elon Musk dumps $8.5 Billion shares of Tesla for Twitter

9May

By Aqsa Azam1 Comment

Business

Elon Musk dumps $8.5 Billion shares of Tesla for Twitter

Elon Musk sells stocks of Tesla worth $8.5 billion ahead of the takeover of Twitter. Elon Musk is a co-founder and leads Tesla, SpaceX, Neuralink, and The Boring Company. He has no further plans to sell TSLA shares in the future. Chief Executive officer of Tesla Elon Musk has sold the stock of Tesla worth $8.5 Billion after overtaking Twitter. It is projected that he seeks help from the shares of TSLA for occupying Twitter as an owner. He likely aimed at helping finance his planned purchase of Twitter. Although, he sold $9.6 Billion shares in TSLA this week. This much bigger slump attracts netizens as well as the shareholders in Tesla. Even they have asked the question about this from Musk. Musk has tweeted that "no further TSLA sales planned after today”. This selling of $9.6 bill...

Atlas Honda Announced Another Price Hike of Bikes

8May

By Sher1 Comment

Business

Atlas Honda Announced Another Price Hike of Bikes

After price hike by Honda Cars, now Atlas Honda has also increased the prices of its bikes 3rd time in the year 2022. This hike in Honda bikes prices, it becomes the leading bike company to do so. According to the company, this price hike is due to the fact that raw products are expensive now. Besides, they also said that they are facing losses despite the facts shown in their financial reports. Secondly, Ministry of Industries and Production has reported that Local Bike's Industry is 90% relying on local raw materials. Still this price hike is supposed to be out of the way. Also See: Honda Atlas Cars announces a customised home delivery Although most of the mechanical parts are now being produced in the country but claims by the manufacturers seems to be false and in the long ru...

Future of Cryptocurrency in Pakistan is still Uncertain

28Apr

By Aqsa AzamNo Comments

Business

Future of Cryptocurrency in Pakistan is still Uncertain

The world is evolving from paper money to plastic money to now digital currency. Pakistan is still struggling to find a way for its suitability. Cryptocurrency in Pakistan has still a question mark over its fate. The world is becoming smaller and smaller. The mode of the transaction is getting modernized with time. A major revolution came when a cryptocurrency name "Bitcoin" get an international rage. Big business tycoons like Elon Musk and others tweet about it on their respective handles. The major benefit of such currency is safety and privacy. This attracts the majority of investors and the market reached its highest point in days. Cryptocurrency in Pakistan is a bit slow but getting famous among investors rapidly. A virtual currency that uses cryptography to secure and ve...

Polymer Currency with enhanced security features issued by UAE

26Apr

By Muhammad Dastageer Shams1 Comment

Business

Polymer Currency with enhanced security features issued by UAE

Earlier this week, the Central Bank of the UAE (CBUAE) issued two new polymer currency banknotes in the denominations of five and ten dirhams. They have advanced security features. Specifically, the CBUAE hopes that the newest banknotes will reflect the nation's development, imagination, and prescient over the subsequent fifty years. It's particularly within the financial and financial sectors. Gulf News reports that these matters follow up on the successful 50 dirham sample polymer notice. FEATURES OF UAE CURRENCY NOTES These two banknotes feature a transparent window with a portrait of Sheikh Zayed bin Sultan Al Nahyan and luminous graphics and inscriptions designed using intaglio printing techniques with a logo of the UAE national brand. CBUAE has kept the color features of...

What IMF report says about Pakistani Economy?

20Apr

By Muhammad Dastageer Shams1 Comment

Business

What IMF report says about Pakistani Economy?

IMF IMF says that in Pakistan the economy has rebounded on the back of waning COVID-19 infections and expansionary fiscal and monetary policies. An improvement in the external position has been hindered by strong import growth, fueled by macroeconomic policy mix, commodity price increases, and credit growth. Rupee depreciation is marked, and inflation remains persistently high. The current account deficit has increased. Recent Economy development Once again, Pakistan stands at a crossroads according to IMF statisitcs. Pakistan was on the brink of a severe currency and fiscal crisis. But the EFF program was able to stabilize the economy, rebalancing the macroeconomic policy mix, and preventing a disorderly adjustment. During the first nine months of the progr...