Pakistan News

Corporate Watch

Corporate Watch

Sindh Bank donates Rs5m to SIUT

KARACHI: Sindh Bank has donated Rs5 million to the Sindh Institute of Urology and Transplant (SIUT), says a press release issued on Wednesday.

140,000 Lufthansa passengers grounded

FRANKFURT: Lufthansa won a temporary injunction Wednesday against a pilots’ strike, but the German airline said 1,000 scheduled flights would nevertheless remain cancelled and 140,000 passengers grounded.

The appeals court in Frankfurt ordered pilots to halt their two-day industrial action, ruling that the stoppage, the 13th in 18 months, was unlawful.

It thus overturned a lower court ruling Tuesday and agreed with Lufthansa that the primary aim of the pilots’ union, Vereinigung Cockpit, did not appear to be to reach a concrete agreement on early retirement provisions, but to attack management’s proposed restructuring concept, known as Wings.—AFP

Instagram opens up to advertisers worldwide

SAN FRANCISCO: Instagram opened its platform to most advertisers across the globe on Wednesday as the photo-sharing app seeks to make more money and compete with popular rivals such as Snapchat.

Ads, previously available only in eight countries, will debut in more than 20 others including Italy, Spain and India, Instagram said. More than 200 countries will have ads by Sept 30.

With 300 million monthly active users, Instagram has a key advantage over rivals because parent Facebook Inc’s vast trove of consumer data allows it to target audiences more accurately, a major selling point for advertisers.—Reuters

Netflix eyes four new markets in Asia

LOS ANGELES: Netflix said Tuesday it will bring its television and movie streaming to four new locations in Asia — South Korea, Singapore, Hong Kong and Taiwan.

Tha US giant first made its debut in Asia earlier this month launching service in Japan.

“The combination of increasing Internet speeds and ubiquity of connected devices provides consumers with the anytime, anywhere ability to enjoy their favourite TV shows and movies on the Netflix service,” said CEO Reed Hastings. “These four markets well represent those trends.”

Netflix, now in 50 markets, says it has 65 million users.—AFP

DIBPL unveils account base money transfer

KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) and Western Union have launched the international account base money transfer services in Pakistan, said a press release.

Published in Dawn, September 10th, 2015

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