Amazon’s cloud services unit AWS was hit by an outage on Monday, causing connectivity issues for many companies around the world and disrupting services for several popular websites and apps including Fortnite and Snapchat. “We can confirm increased error rates and latencies for multiple AWS Services in the US-EAST-1 Region,” AWS said in an update on its status page. AI startup Perplexity, c
Prime Minister Muhammad Shahbaz Sharif has directed the Power Division to formulate comprehensive and effective policy recommendations aimed at boosting the country’s industrial production through efficient utilisation of electricity resources. The prime minister gave the directives while chairing a review meeting on Power Division’s reform package for the industry and agriculture sector, read
Volatility was observed at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index losing over 300 points during the trading opening hours. At 10:25am, the benchmark index was hovering at 164,096.19, a decrease of 348.52 points or 0.21%. Selling was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs
Chinese state media on Thursday issued a seven-point rebuttal to US calls for Beijing to wind back its rare earth controls, as both sides struggle to move beyond a volley of barbs and accusations of blindsiding the other. US Trade Representative Jamieson Greer on Wednesday called China’s new rare earth export restrictions “a global supply-chain power grab,” and suggested Beijing could stave off
International Monetary Fund chief Kristalina Georgieva on Thursday urged member countries to keep trade as an engine of growth for the world economy despite President Donald Trump’s steep new tariffs, warning that a larger-scale trade war could have negative consequences. Georgieva, speaking to reporters at the annual meetings of the IMF and World Bank, mapped out a sober view of a global econo