Jeff Bezos reclaims title of world’s richest after Musk slips

New York: Elon Musk’s reign as the the world’s richest person was brief. Tesla Inc. shares slid 2.4 per cent on Tuesday, erasing $4.6 billion from its chief executive officer’s fortune and knocking him from the top spot on the Bloomberg Billionaires Index ranking. Jeff Bezos, who’d held the title for more than three years until […]

Pakistan remittances exceed $2b for eighth straight month

Islamabad: Pakistanis working abroad sent home more than $2 billion for the eighth consecutive month in January, with Saudi Arabia and the UAE emerging as the biggest contributors to the remittance inflows in recent months. Prime Minister Imran Khan said in a tweet that it was a “record” for Pakistan and thanked the diaspora for […]

Australia to amend laws to make Google and Facebook pay

Canberra: Australia’s government said on Tuesday it will amend draft laws that would make Google and Facebook pay for news to clarify that publishers would be paid in lump sums rather than per click on news article links. The legislative changes described in a government statement as “clarifications and technical amendments” follow Australian ministers’ weekend […]

Daimler partners with Amazon on self-driving trucks

Berlin: German automobile giant Daimler, the world leader in heavy-goods vehicles, said Wednesday that it had enlisted Amazon to help with its testing of Level 4 self-driving trucks. Daimler subsidiary Torc Robotics, which specialises in vehicle automation software, selected Amazon Web Services as a cloud provider for its upcoming truck tests in the US states […]