Sunday, 21 January 2018

Tag Archives: investment

London was top destination for tech funding in 2017

LONDON-BUS

LONDON was the top city in Europe for technology investment last year, with more funding going into companies in the British capital than into firms based in Paris, Berlin and the next seven cities combined, data showed on Friday. Tech firms in London attracted 2.45 billion pounds ($3.3 billion) in ...

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Pakistan allows yuan-based trade with China

Chinese yuan

KARACHI: Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in the strategic CPEC projects. The State Bank of Pakistan (SBP) said on Monday that all arrangements for using the Chinese currency ...

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London Mayor grateful to Pakistan for its hospitality

Sadiq Khan-1

LAHORE: I’m proud to be the first-ever Mayor of London to be making an official visit to Pakistan. As someone of Pakistani heritage, I feel a deep affinity with the country and I’m looking forward to going back. London and Pakistan share a long and unique history that has had ...

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Winklevoss twins become world’s first bitcoin billionaires

How low will they go?

SINGAPORE: Tyler and Cameron Winklevoss – the Harvard University rowing twins who famously sued Mark Zuckerberg claiming he stole their idea for Facebook – have just become the world’s first bitcoin billionaires, say media reports. The 36-year-old brothers lost their case against Zuckerberg but received a settlement of US$65 million ...

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Google puts Uber on alert by investing in arch-rival Lyft

UBER-LYFT

LONDON: Alphabet’s growth-stage investment division, CapitalG, will lead the the investment, which comes four years after Google Ventures, which targets early stage companies, made a $250m investment in Uber. Lyft only operates in the US, but it now has a quarter of the market there, growing its share as Uber ...

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The High Commissioner calls on the Mayor of London

Ibne Abbas-Sadiq Khan-City Hall

LONDON:  H.E. Syed Ibne Abbas, Pakistan High Commissioner to the UK called on Mayor of London Sadiq Khan at his office, City Hall. Welcoming the High Commissioner at his office, the Mayor of London stated that the connection between London and Pakistan is as strong as ever. He said London ...

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Britain launches first phase of energy storage investment

energy storage 2

LONDON: Business minister Greg Clark will launch the first phase of a 246 million pound investment into battery technology on Monday, part of the government’s industrial strategy to boost productivity and spread wealth in Britain. Prime Minister Theresa May published her government’s industrial strategy in January, putting forward proposals for ...

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Chinese e-commerce giant Alibaba set to enter Pakistan

Alibaba-jackma-Pakistan

HANGZHOU: Alibaba Group Holding Limited (NYSE: BABA), the world’s largest online and mobile commerce company,has announced the signing of a memorandum of understanding (MoU) with the Trade Development Authority of Pakistan (TDAP) during Prime Minister Nawaz Sharif’s visit to the Alibaba Headquarters in Hangzhou, China. Alibaba Group’s Executive Chairman, Jack ...

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British firm invest $400m in Pakistan for cement plant

asian-precious-minerals-cement-plant-pakistan

LONDON/PESHAWAR: British firm Asian Precious Minerals announced an investment of $400 million in building a new cement plant in K-P in a meeting between company executives and K-P Chief Minister. Both sides discussed the potential of bilateral trade between the UK and K-P, says a statement issued by the British High ...

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Danish drugs giant makes big UK investment

Denmark’s Novo Nordisk is to invest £115m over ten years in a new science research centre in Oxford. Eventually employing 100 academics and scientists, the facility will work on new ways of treating type 2 diabetes. The decision to invest in the UK was described by David Gauke, chief secretary ...

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