Tokyo: Toyota has announced a global recall of 2.77 million vehicles over water pump or steering problems, in the latest blow to the firm’s reputation after a spate of earlier call backs.
London: European stocks joined a rebound on Wall Street on Tuesday as the threat of an immediate Greek default receded, but the euro hit a two-month low point versus the dollar on falling German investor confidence.
Karachi: Karachi Electric Supply Company has signed up two additional strategic contracts with international vendors, for its generation fleet.
Karachi: Traders of various markets in Karachi are forced to pay extortion money amid worst law and order situation in the city, also known as the hub of economic activities.
Paris (AFP): France has demanded $252 million in back taxes from Amazon, it emerged on Tuesday, increasing the pressure on the online retailer over its controversial corporate structure in Europe.
LONDON (AFP): British mobile phone giant Vodafone on Tuesday revealed it had slumped into a net loss of £1.977 billion during its first half on massive writedowns linked to indebted eurozone countries Spain and Italy.
Paris: Hit by the shocks of hurricane Sandy and recession in much of Europe, the International Energy Agency has reduced its world oil demand forecasts for 2012 and 2013, it said on Tuesday.
Taipei: A leading Chinese maker of energy-saving light bulbs plans to invest Tw$2.35 billion ($81 million) in a Taiwanese peer, in the biggest single investment from China, the companies and officials said Tuesday.
Karachi: Waseela Microfinance Bank Limited (WMBL) has announced the commencement of commercial operations for branchless banking in Pakistan in partnership with Mobilink.
Karachi: Nizam Energy (Pvt) Limited, an alternative energy venture based in Pakistan, has announced its strategic partnership with Canadian Solar Inc., one of the largest solar module manufacturers in the world. The aim of the partnership is to launch quality solar modules and provide best quality solar energy products in Pakistan.