Business

To protect Chinese investment, Pakistan Army leaves little to chance

GWADAR (Reuters): A heavy police presence, guarded convoys, new checkpoints and troop reinforcements have turned parts of the southern port city of Gwadar into a fortress, as Pakistan’s military seeks to protect billions of dollars of Chinese investment. Securing the planned $46 billion economic corridor of roads, railways and pipelines from northwest China to the country’s Arabian Sea coast is ...

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Apple warns iPhone sales set to fall for first time

BBC News : Apple has reported the slowest growth in iPhone sales since the product’s 2007 launch and warned sales will fall for the first time later this year. The US tech giant sold 74.8 million iPhones in its fiscal first quarter, compared with 74.5 million a year ago. Apple said revenue for the next quarter would be between $50bn ...

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Wealth of richest 1% ‘equal to other 99%’

By Anthony Reuben Business reporter The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam. It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality. Oxfam also calculated that the richest 62 people in the world had as much ...

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Pakistan, India can’t live as enemies, says PM

ZHOB (Dawn.com): Prime Minister Nawaz Sharif has invited India to hold dialogue with Pakistan on all issues, saying the two countries cannot live as enemies. “Pakistan and India will have to resolve all issues amicably and in a comprehensive way,” he said while addressing a foundation stone-laying ceremony for the western route of the China-Pakistan Economic Corridor (CPEC) project here ...

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Takata airbag fault claims eighth victim in the US

BBC News : The US National Highway Traffic Safety Administration (NHTSA) has linked an eighth US death to a faulty airbag inflator made by Japan’s Takata. The NHTSA said a teenager was killed in July after an airbag in a 2001 Honda Accord ruptured. A total of 19 million cars, containing 23 million airbag inflators, made by 12 car companies ...

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