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Amazon profit jumps while shares slip

The US tech giant said profit jumped 63% from a year ago to $3 billion in the fourth quarter

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Digital currency sales hit $13.7 billion in first five months of 2018: report

Digital currency sales jumped to $13.7 billion in the first five months of the year, nearly double the amount raised for the whole of 2017, according to a report released on Thursday by PwC’s strategy and consulting division Strategy& and Switzerland-based Crypto Valley Association. Technology startups in the blockchain space around the world have raised…

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Mexico court blocks sales of Frida Kahlo Barbie

A Mexican court has barred sales of a controversial Frida Kahlo Barbie doll in the painter’s home country, ruling her family owned the sole rights to her image, lawyers said Thursday, reported AFP. The Frida Kahlo doll, launched in March by US toy giant Mattel, has drawn criticism for putting a painter known for defying…

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Apple stock loses some sheen on disappointing iPhone sales

Apple Inc’s hint of returning a ton of cash to shareholders was not enough to move investors who worried more about the iPhone maker’s weak outlook amid reports of production cuts for its flagship iPhone X. Apple shares were down about 1.4 percent at $165.42 in early trade on Friday. The iPhone X was the…

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Oman stops issuing expat visas

MUSCAT: Oman has issued a six-month ban on the issuance of work visas for expatriates in ten sectors, including information systems, engineering, aviation and certain technical professions. The complete list of sectors covered by the temporary ban is: information systems, sales, marketing, administration, human resources, insurance, media, airports, engineering and technical professions. According to Times…

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Expats in Saudi Arabia banned from jobs in 12 sectors

RIYADH: The Kingdom of Saudi Arabia has imposed a restriction on the expatriates from working in 12 sectors from the next Hijri year. According to Jeddah-based newspaper Saudi Gazette, Saudi Labour and Social Development Minister Ali Al-Ghafees on Monday issued a ministerial decision in this regard in an attempt to ‘create more job opportunities for…

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Star Wars: The Last Jedi cruises toward $200 million domestic debut

LOS ANGELES: “Star Wars: The Last Jedi,” the new film in the beloved space saga, opened with massive ticket sales that put it on track to ring up around $200 million at domestic theatres over the weekend, distributor Walt Disney said on Friday. The movie brought in $45 million in the United States and Canada…

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Shoppers in Karachi throng malls to make the most of Black Friday

KARACHI: Shoppers and enthusiastic customers thronged Dolmen Mall and other outlets to make the most of the Black Friday event.  People from all walks of life and belonging to every age group could be seen inside malls in the city. Customers thronged Dolmen Mall, looking for items to purchase especially clothes which were being offered…

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Apple’s iPhone 8 sees muted launch in Asia

SHANGHAI: Apple’s launch of iPhone 8 kicked off in a less lively mood in Asia, versus previous debuts, as fans held out for the premium iPhone X due out in early November. Hundreds of people usually gather at Apple’s Sydney city store with queues winding down the town’s main street, George Street, when there is…

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PSG sell 10,000 Neymar shirts on first day

PARIS: Neymar started repaying his mammoth transfer fee on the day he was introduced as Paris Saint-Germain’s marquee summer signing with the club selling more than 10,000 shirts bearing his name on Friday. The 25-year-old Brazilian was signed from Barcelona for a world record 222-million euros ($264m) but with shirts emblazoned with his name and…

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A Society In Throes of Consumerism

By: Gulrukh Tausif When it comes to shopping, one of the best things I have read is an advice by Warren Buffet. The American business magnate, investor and one of the richest men in the world says: “If you keep on buying things you don’t need, soon will come a time when you will have…

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‘Beauty’ proves a beast in sales, smashes box-office record

LOS ANGELES: Disney’s “Beauty and the Beast” smashed box office records in its opening three-day weekend, taking in an unexpected $170 million, according to industry estimates. The film, featuring “Harry Potter” veteran Emma Watson as a charming Belle to the frightening Beast played by Dan Stevens of “Downton Abbey” fame, set a record for a…

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Pakistan Railways achieves target of e-ticket sales

LAHORE: The Pakistan Railways have achieved the target of selling e-tickets worth one hundred million rupees. According to the spokesman of Pakistan Railway, eight and a half thousand e-tickets were sold through different means including credit cards and mobile accounts. At present Pakistan railways is rendering the service of e-ticketing in the twenty four trains…

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Twitter could take many forms, depending on new owner

SAN FRANCISCO: With speculation mounting that Twitter Inc will soon have a new corporate owner, the 10-year-old social networking service – which has long struggled to define its core purpose -may end up heading in one of several distinctly different directions depending on who ends up paying for it. Companies including Salesforce.com Inc Walt Disney…

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Nisar meets Olson, voices reservations on US policy for F-16 planes.

ISLAMABAD: US Special Representative for Pakistan and Afghanistan, Richard Olson called on Minister for Interior, Chaudhary Nisar Ali Khan here on Thursday and discussed overall security situation of the region especially with reference to Afghanistan. Talking to Richard Olson, the Minister said, “stable and peaceful Afghanistan is not only in favour of Pakistan but the…

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iPhone sales to fall for 1st time

SAN FRANCISCO, United States: Apple raised the specter of the end of a technological era after reporting Tuesday the slowest growth sales ever of its market-leading, life-changing iPhone and warning it expects worse to come. The California technology colossus said it expects to see its first decline in iPhone sales in the current quarter, when…

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Sales tax refund matter to be resolved on priority: Dar

ISLAMABAD: Finance Minister Mohammad Ishaq Dar said that the matter regarding sales tax refund would be resolved on priority. Finance Minister Senator Mohammad Ishaq Dar chaired a meeting with the delegation of APTMA, having detailed discussion on issues faced by the textile industry, said a press release issued here. The delegation sought Finance Minister's attention…

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With feds slow to act, states target e-cigarette sales to minors

NEW YORK: Frustrated by the slow pace of federal action, state attorneys general are waging their own campaigns against the sale and advertising of e-cigarettes to minors. More than a dozen AGs, including those in New York, California, Indiana and Ohio, are using new state and local laws – some of which they helped craft…

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Strong sales could shift Ford, GM to higher gear

NEW YORK: Shares of U.S. automakers may finally be able to accelerate. Investors are closely awaiting next week's May sales data, expected to come in near record levels. Meeting those forecasts could be enough to lift the sector – among the cheapest in the market – putting the sting of product recalls and tepid recent…

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Google shares rise after online ad sales drive revenue higher

SAN FRANCISCO: Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. Shares of the world's No. 1 Internet search engine rose after the results were released, climbing 3.5 percent on Thursday to $577. While revenue…

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Drone sales seen surging in Gulf

ABU DHABI: U.S. drone makers are expecting a surge in sales of military and civilian drones to Gulf states after the State Department eased export rules last week, industry executives said on Tuesday. U.S. aerospace and arms companies have been pressing the U.S. government for years to ease restrictions on foreign sales of unmanned aerial…

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