Monday, November 2, 2026

Technology

Global tech

Alphabet Loses $500 Billion as AI Spending Raises Doubts About Returns

Alphabet shares fell 12.6% as heavy AI investment pushed cash flow below zero. The technology sell-off spread across global markets while investors sought government bonds and safer currencies.

Saudi Arabia Launches Live Crowd Updates to Help Umrah Pilgrims at Holy Mosques

No More Traffic Chaos? Elon Musk Unveils Tesla’s Flying Car

Gobal

Global

Pakistani LNG cargo attacked near Hormuz despite Iran’s permission to pass, Bloomberg reports

A Pakistani LNG cargo travelling with Iran’s permission was targeted near the Strait of Hormuz, Bloomberg reported. A Qatari gas company said no crew members were harmed.

Middle East Foreign Bases Serve Israel, Not Muslim Countries, Says Khawaja Asif

Kim Jong Un links peace to power as North Korea showcases drones and new rocket launcher

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Business

Diesel falls Rs7.76, petrol Rs3.40—but another price review is due November 4

The government has lowered ex-depot diesel and petrol prices for November 3, 2026. The cuts offer immediate savings, but daily pricing leaves consumers without assurance that lower rates will last.

Diesel cut by Rs7.76 for November 3, with fuel prices up for review the next day

Diesel will cost Rs395.20 per litre and petrol Rs374.51 on November 3, 2026. Another determination on November 4 leaves the duration of the savings uncertain.

New formula could cut petrol price by Rs15 a litre, petroleum minister says

Petroleum Minister Ali Pervaiz Malik said a new formula could bring petrol prices down by Rs15 per litre, speaking at a press conference in Islamabad.

Bank Alfalah Becomes First Bank in Pakistan to Go Live with SWIFT’s New Cross-Border Payments Initiative

Bestway Cement reports higher quarterly earnings, declares interim dividend

Bestway Cement reported earnings per share of Rs 11.47, up 24.4% from a year earlier, for the quarter ended September 30, 2026. The company also declared a first interim cash dividend.

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