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Pakistan's trade deficit widens to record $30 billion

Pakistans trade deficit has increased by 42 per cent year-on-year to a record high of $30 billion in the first 11 months of the current fiscal year due to falling exports and a sharp increase in the import bill.

Jeff Immelt to depart as GE names new chief executive

General Electric has announced a leadership shakeup as it faces scrutiny after a corporate makeover executed by outgoing chief Jeff Immelt in the wake of the 2008 financial crisis failed to ignite strong growth.

Toshiba faces fresh lawsuit, plans provision for year ended March

Toshiba said in a statement that it plans to book an additional provision for the year ended March for the lawsuit.

GE begins testing drones to inspect refineries, factories

General Electric Co has begun testing autonomous drones and robotic "crawlers" to inspect refineries, factories, railroads and other industrial equipment with an eye on capturing a bigger slice of the $40 billion companies around the globe spend annually on inspections.

Inflation fizzle may once again leave Fed rate path in doubt Inflation fizzle may once again leave Fed rate path in doubt

The Federal Reserve will probably express its confidence inflation will climb towards its 2 percent target when it meets this week and delivers a widely expected rate rise, but such assurances are a poor indicator of the Fed`s future policy.

Narendra Modi's new India vision to help US job creation, says Sean Spicer Narendra Modi's new India vision to help US job creation, says Sean Spicer

Prime Minister Narendra Modi`s "vision for a new India" will also help create jobs in the US, President Donald Trump`s Press Secretary Sean Spicer said while announcing Modi`s White House visit scheduled for June 26.

Wipro ADRs slump on the NYSE; company clarifies on bonus issue

Wipro on Monday said the date for issuing bonus or stock dividend to the holders of its American Depository Receipts is yet to be finalised, amid the ADRs witnessing steep fluctuations in pre-market trading on the New York Stock Exchange.

Uber CEO Kalanick likely to take leave, exec Michael to leave: Source

Uber Technologies Inc Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday board meeting.

Huawei claims to have overtaken Apple in global volumes Huawei claims to have overtaken Apple in global volumes

Chinese smartphone maker Huawei has claimed to have overtaken iPhone maker Apple in global sales volume in December 2016 to become the second largest handset company globally after Samsung.

Uber weighs leave of absence for CEO Uber weighs leave of absence for CEO

Uber has fired more than 20 employees for infractions including sexual harassment and discrimination.

Forget iPhone, buy Apple-branded sneakers for $15,000 this Sunday

One such vintage pair is available for purchase during a live auction to be held by Heritage Auctions on eBay on June 11.

Microsoft to acquire security firm Hexadite Microsoft to acquire security firm Hexadite

Ransomware attacks have prompted Microsoft to sign an agreement to acquire Hexadite, a US-headquartered company that delivers agentless, automatic incident investigation and remediation solutions.

Twitter hires Emily Horne to foresee policy issues Twitter hires Emily Horne to foresee policy issues

Horne will start from June 19 as Global Policy Communications Director and report to Kristin Binns, Senior Director of Comms, Twitter.

SHAMEFUL! Uber executive obtained Indian rape victim's medical records; fired SHAMEFUL! Uber executive obtained Indian rape victim's medical records; fired

Ride-hailing company Uber has fired a top executive who had allegedly obtained medical records of a 26-year-old woman raped by an Uber driver in India in 2014, according to a media report.

Amazon lent $1 billion to merchants to boost sales on its marketplace Amazon lent $1 billion to merchants to boost sales on its marketplace

Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday.

Amazon error sends some shoppers to dog photo, not product page

Amazon.com Inc told some shoppers on Wednesday that there was a problem when they were trying to view product listings.

S&P cuts Qatar`s credit rating one notch to AA-

S&P Global Ratings on Wednesday cut Qatar`s credit rating by one notch to AA- and put it on watch for further downgrades after Gulf Arab states severed ties.

Kaspersky files complaints against Microsoft Kaspersky files complaints against Microsoft

Russian security software firm Kaspersky Lab has filed anti-trust complaints with the European Commission and the German Federal Cartel Office against Microsoft for promoting its own security software at the expense of users, the media reported.

China unveils world's first driverless train that can run without tracks – Video inside China unveils world's first driverless train that can run without tracks – Video inside

The vehicle is about 30 meters long and comes with sensors that can read the dimensions of roads and plan its own route.

Snap Inc acquires location analytics startup for $200 mn

Snapchat`s parent company Snap Inc has acquired Placed -- a Seattle-based start-up that operates a consumer location analytics platform -- for nearly $200 million.