Key Points On Thursday, the Consumer Financial Protection Bureau issued a final version of a rule that it says will soon oversee nonbank companies that offer financial services like payments and wallet apps. Tech giants and payment companies that handle at least 50 million transactions a year will be under the review, which is aimed […]

ISLAMABAD: The federal government has ended the decades-long monopoly of Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) in Pakistan’s gas market as the Executive Committee of the National Economic Council (ECNEC) has approved a framework for the sale of gas to the private sector. According to industry sources, the […]

ISLAMABAD:Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday reiterated the government’s commitment to supporting initiatives that foster inclusive growth, sustainable development and community well-being, while empowering the private sector to generate significant social impact. The minister chaired a meeting of the Prime Minister’s Committee on Social Impact Financing, which brought together various […]

Key Points President-elect Donald Trump announced Wednesday that Peter Navarro will serve as “Senior Advisor for Trade and Manufacturing” in his next term in the White House. Navarro, 75, will be tasked with helping “successfully promote and communicate Trump’s agendas on Manufacturing, Tariffs, and Trade,” Trump wrote in a pair of posts on Truth Social […]

Key Points After the deadly collapse of a 12-story condo tower in the Miami, Florida, suburb of Surfside in 2021, state lawmakers implemented new requirements for older condos. Buildings that are at least 30 years old, like the fallen Champlain Tower, must undergo special inspections, repairs and raise reserve funds for future maintenance. The deadline […]

Key Points The strategic importance of lithium is likely to have played a role in the European Union’s successful deal with Brazil, Argentina and three other South American countries, analysts say. After 25 years of talks, the EU and five Mercosur countries (an alliance that includes Paraguay, Uruguay and, recently, Bolivia) reached a long-awaited trade […]

Key Points DETROIT – “Arrogant.” It is the word ex StellantisCEO Carlos Tavares used to describe the mistakes that led to the automaker’s problems in the U.S. in June. It’s also how executives who worked with him described the automotive veteran to CNBC over the past year. Several former or current leaders, as well as […]

As a child, Jack Cowin shoveled snow, delivered newspapers, and sold Christmas cards for cash. By the time he was 20, it was hamburgers instead of cards. Fast forward to today: the 82-year-old is a billionaire thanks to his fast food empire. Cowin is the founder and chairman of Competitive Foods Australia, the company that […]

Key Points New York prosecutors on Monday charged Ivy League graduate Luigi Mangione with the murder of UnitedHealthcare CEO Brian Thompson, court records show. The charge came hours after Mangione, 26, was arraigned in a Pennsylvania court on weapons and other charges related to his arrest early Monday at a McDonald’s in Altoona, Pennsylvania, after […]

Key Points President Joe Biden applauded the overthrow of Syria’s dictatorship in remarks Sunday but warned of uncertainty during the country’s political transition. “This is a moment of historic opportunity for the long-suffering people of Syria to build a better future for their proud country,” he said from the Roosevelt Room of the White House. […]