They have jobs but still need help supporting their families The mix of locals who visit the Enfield Food Shelf in Connecticut has changed a lot in recent years. Before the Covid-19 pandemic, many elderly or disabled people were on fixed incomes, said Kathleen Souvigney, the food pantry’s executive director for the past decade. But now, more people seeking help …

Warren Buffett held Berkshire Hathaway’s first meeting without Charlie Munger Welcome to “Woodstock for capitalists.” Tens of thousands of Berkshire Hathaway shareholders and Warren Buffett fans are flocking to Nebraska this weekend to pick up Berkshire’s ( BRKB ) See’s Candies and Dairy Queen Dilly Bars, compete in newspaper throwing contests and, perhaps most importantly, to see the Oracle of …

Why are brown eggs more expensive than white eggs? Blame the birds That’s the moment many shoppers struggle with when running a grocery store: Why does a box of brown eggs cost more than a box of white eggs? It’s not what you think. It’s not about one variety being healthier, or more natural or more attractive than another but …

Qatar will open doors for skilled labor The Arab Gulf nation of Qatar is set to open its market for Pakistani skilled labor as the two countries prepare to sign an agreement soon. The Government of Pakistan has approved a draft memorandum of understanding (MoU) between the Ministry of Labour, Qatar and Pakistan’s Ministry of Overseas and Human Resource Development. …

Rupee gains strength after IMF inflows Pakistan’s currency has strengthened to Rs278.21 against the US dollar in the interbank market, maintaining its upward trend for about a week following the receipt of IMF inflows last week. According to State Bank of Pakistan (SBP) data, the domestic currency rose by Rs0.09 against the US dollar during the day, closing at Rs278.30/$ …

Credit Suisse China says staff down 46% Credit Suisse’s securities brokerage joint venture in China said its headcount would drop 46% in 2023, a year after Swiss authorities arranged a takeover to keep the firm from collapsing. Credit Suisse Securities (China) Ltd said in an annual report dated Tuesday that the number of employees was 126 at the end of …

Pakistan welcomes $20b investment in Uzbekistan Pakistani and Uzbek business communities welcomed Saudi Arabia’s $20 billion investment in Uzbekistan’s energy sector on Saturday. Speaking to APP during the Tashkent International Investment Forum (TIIF), the Chairman of the Chamber of Commerce and Industry of Uzbekistan, Vakhabov Davron Abdujalolovich, emphasized that at the opening ceremony on May 2, the Minister of Energy …

CCP approves acquisition of PIA by Holdco The antitrust watchdog on Saturday announced the approval of the Scheme of Arrangement for the acquisition of 100% shareholding in Pakistan International Airlines Corporation Limited (PIACL) by a new company named PIA Holding Company Limited (Holdco). In its order, the Competition Commission of Pakistan (CCP) said that the acquisition of PIA Corporation by …

Meta faces EU investigation into Russian disinformation The European Commission has opened formal investigation proceedings into Meta over its handling of political content, including a suspected Russian influence campaign. With elections looming in the EU and elsewhere, officials say they will assess whether the company’s approach to moderate misinformation on Facebook and Instagram violates EU law. Among the Commission’s concerns …

Are the wheels coming off for Tesla? There was a time when it seemed like Tesla could do no wrong. In little more than a decade, it went from a new technology to a mass-market automaker, invested billions in its clean energy business, and watched its value rocket. But now the company is struggling with falling car sales and fierce …