LVMH, owner of Louis Vitton and the world’s biggest luxury group, has agreed to buy Tiffany & Co. in a $16.2bn (£12.6bn) deal. The deal would transform Tiffany and Co.’s, the US jeweller famed for its engagement rings and white diamond necklaces, division of watches and jewellery. Bernard Arnault’s luxury goods empire announced it would pay $135 a share in cash.
In yet another incident of increasing religious intolerance in India, two people were beaten to death by a mob over suspicion of stealing cows. Prakash Das and Rabiul Islam were stopped by locals in West Bengal because their vehicle had no number plate. On finding two cows in the truck, the angry mob thrashed the suspects to death and set their van on fire.
During a meeting of the Pakistan Tehreek-e-Insaf (PTI) core committee in Islamabad, it was decided that Pakistan will raise the incident of the Holy Quran’s desecration in Norway with Organisation of Islamic Cooperation (OIC). Deeming all such provocative activities as unacceptable, Prime Minister Imran Khan directed Foreign Minister Shah Mahmood Qureshi to to immediately contact OIC and inform it of the country’s reservations.
China and the United Arab Emirates (UAE) are exploring opportunities for cooperation under the China-Pakistan Economic Corridor (CPEC), Chinese ambassador to Islamabad Yao Jing said in an interview with Arab News.The ambassador stressed that UAE was also a partner under the Belt and Road Initiative (BRI) and has a lot of trade and economic links with Pakistan.
Prime Minister Imran Khan will launch the first of its kind, Clean Green Pakistan Index on Monday. Advisor to the Prime Minister on Climate Change Malik Amin Aslam said that a healthy cleanliness competition will be launched among 19 cities in the country. The idea behind the competition is to improve overall green and clean outlook of the cities in Pakistan.
In a huge blow, PayPal has informed the government officials that Pakistan is not in its road map for the next three years citing inadequate business opportunities. Ministry of Information Technology’s delegation visited the PayPal headquarters last month in a bid to convince the higher-ups of the payment gateway as it would be highly beneficial for the local freelancers.
Iran is selling tomatoes to Pakistan at $1.10 per kilogram. The price stands near Rs. 160-170 per kg for Pakistani importers, much higher than the locally produced tomatoes. Due to lack of trade with India the price of tomatoes soared up as shortage increased in the market and the price reached as high as Rs 350 per kg. The increase in price prompted the government to take remedial measures.
An Islamabad-bound Pakistan International Airline (PIA) flight has narrowly escaped a disaster. As per reports, the engine of Lahore-Islamabad flight PK-650 developed a technical fault during the flight when it was entering the vicinity of the federal capital.However, the pilot skilfully regained control of the plane and safely landed it at the New Islamabad International Airport.
The trade ties between Pakistan and the United States are set to witness a new record this year as U.S. President Donald Trump and Prime Minister Imran Khan have reaffirmed their commitment for a stronger relationship, said the White House. Recalling their conversations in Washington and New York, the two leaders agreed to deepen bilateral collaboration, including at relevant multilateral fora.
A security researcher has recently discovered an unsecured Google cloud server with personal information of over 1.5 billion people. This massive 4 terabyte data cache contains people’s social media accounts, phone numbers, email addresses, and more. Most of the data was reportedly collected by a company named People Data Labs. However, the unprotected server didn’t belong to People Data Labs but was one of Google’s cloud servers about which Google refused to comment.