tech

September wipes out $550 billion as tech giants and crypto markets plummet D_Trends

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September wipes out 0 billion as tech giants and crypto markets plummet D_Trends

Global financial markets were jolted on September 3 as both major tech stocks and cryptocurrencies experienced severe downturns, erasing significant market value. The “Magnificent 7” tech giants—comprising Alphabet (Google’s parent company), Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—collectively shed a staggering $550 billion in market capitalisation, marking one of the most substantial single-day losses for … Read more

$550 billion as tech giants and crypto markets sink D_Trends

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0 billion as tech giants and crypto markets sink D_Trends

Listen to article Global markets took a sharp downturn on September 3 as both tech stocks and cryptocurrencies faced significant losses. The “Magnificent 7” tech companies, including Google’s parent company Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, collectively lost $550 billion in market capitalisation. This marks one of the largest daily losses for these tech giants … Read more

Pakistan seeks to strengthen ties with China in AI, tech, and agriculture Dtrends

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Pakistan seeks to strengthen ties with China in AI, tech, and agriculture Dtrends

ISLAMABAD: Prime Minister Shehbaz Sharif said on Monday that Pakistan is looking to enhance its cooperation with China in key areas, including information technology, artificial intelligence, and modern agriculture. During a meeting with Chinese Ambassador to Pakistan Jiang Zaidong, Sharif highlighted the enduring friendship between Pakistan and China. “The friendship between Pakistan and China has … Read more

Tech event paves the way for $500 million in investments D_Trends

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Tech event paves the way for 0 million in investments D_Trends

KARACHI: The 25th edition of ITCN Asia 2024 wrapped up with promising projections of over $500 million in investments and business deals, signaling a significant boost to Pakistan’s economic growth. Umair Nizam, the Project Director of ITCN Asia, expressed confidence in the event’s impact on the nation’s economy, emphasizing Pakistan’s potential to rise above challenges … Read more

Tech event projects $500m in investments D_Trends

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Tech event projects 0m in investments D_Trends

KARACHI: The three-day 25th ITCN Asia 2024 concluded on a positive note, with the event projected to generate over $500 million in investments and business deals, marking a significant boost to Pakistan’s national economy. Umair Nizam, Project Director of ITCN Asia, expressed optimism that the event will significantly contribute to Pakistan’s economic landscape, highlighting the … Read more

Body of British tech entrepreneur Lynch retrieved from sunken yacht, says official Dtrends

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Body of British tech entrepreneur Lynch retrieved from sunken yacht, says official Dtrends

Rescue personnel lift the body bag containing the corpse of British entrepreneur Mike Lynch, who died when a yacht owned by his family sank off the coast of Porticello, near the Sicilian city of Palermo, Italy, August 22, 2024. — Reuters PORTICELLO: The body of British tech magnate Mike Lynch was retrieved on Thursday from … Read more

Google partners with Tech Valley to launch digital journalism programme in Pakistan Dtrends

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Google partners with Tech Valley to launch digital journalism programme in Pakistan Dtrends

Google has announced a new initiative designed to enhance the digital journalism skills of Pakistani reporters, launching a program called ‘Digital Sahafat’ in collaboration with the local social enterprise Tech Valley.  This initiative, which falls under the broader Google News Initiative (GNI), aims to empower 1,000 journalists across Pakistan with the necessary tools, training, and … Read more

UK tech tycoon, daughter still missing after luxury yacht sinks near Sicily Dtrends

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UK tech tycoon, daughter still missing after luxury yacht sinks near Sicily Dtrends

A combination of images shows UK’s tech tycoon Mike Lynch and Italian firefighters on a rescue boat. — Reuters/Files Specialist Italian divers on Tuesday launched a new search for six people, including United Kingdom’s tech tycoon Mike Lynch and his teenage daughter, who have been missing since their yacht capsized off Italy’s Sicily. The British-flagged yacht, … Read more

4 tech zones set up amid increased surveillance D_Trends

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4 tech zones set up amid increased surveillance D_Trends

KARACHI: The Special Technology Zones Authority (STZA) has announced the creation of four new special technology zones (STZs), with an investment of Rs30 billion in infrastructure. The initiative aims to generate 50,000 jobs and boost IT exports by $350 million annually over the next two to four years. In a statement issued on Thursday, the … Read more

Global banks revive tech spending, offering hope to Indian IT sector D_Trends

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Global banks revive tech spending, offering hope to Indian IT sector D_Trends

Global banks have started reviving the technology projects they put on ice in 2023, raising hopes for the $254 billion Indian IT sector that makes about a third of its revenue from banking, financial services and insurance (BFSI) clients. Quarterly reports from Tata Consultancy Services (TCS), Infosys, Wipro and others showed a nascent recovery in … Read more