Category: 3. Business

  • UK has backed down on demand to access US Apple user data, spy chief says | Apple

    UK has backed down on demand to access US Apple user data, spy chief says | Apple

    The UK government has dropped its insistence that Apple allows law enforcement officials “backdoor” access to US customer data, Donald Trump’s spy chief, Tulsi Gabbard, says.

    The US director of national intelligence posted the claim on X following a months-long dispute embroiling the iPhone manufacturer, the UK government and the US president. Trump had weighed in to accuse Britain of behaving like China, telling the prime minister, Keir Starmer: “You can’t do this”.

    Neither the Home Office nor Apple are commenting on the alleged agreement, which Gabbard said meant the UK was no longer demanding that Apple “provide a ‘backdoor’ that would have enabled access to the protected encrypted data of American citizens and encroached on our civil liberties”.

    The transatlantic row began when the Home Office issued a “technical capability notice” to Apple under the Investigatory Powers Act, which requires companies to assist law enforcement in providing evidence. Apple responded by launching a legal challenge, which the Home Office demanded be kept secret but judges ordered be made public.

    The US vice-president, JD Vance, also complained saying: “I don’t want American citizens to be spied on.” He said it was “crazy” that “we’re creating a backdoor in our own technology networks that our enemies are now using”.

    Civil liberties groups cautioned that the backdoor would put politicians, campaigners and minority groups at particular risk of being targeted.

    In February, Apple responded by withdrawing the option for its new British customers to enable advance data protection options, saying it was “deeply disappointed” and would never build a backdoor into any of its products. That meant, uniquely, many UK customers were unable to benefit from end-to-end encryption of services, including the iCloud Drive, photos, notes or reminders, making them more vulnerable to data breaches.

    Gabbard said: “Over the past few months, I’ve been working closely with our partners in the UK, alongside President Trump and Vice-President Vance, to ensure Americans’ private data remains private and our constitutional rights and civil liberties are protected.”

    It is not clear whether the technical capability notice requiring the data access would be withdrawn altogether or altered. It could in theory be limited to allowing access to the data only of UK citizens, although experts cautioned that could be technologically unrealistic. It also raises the danger that other foreign governments could still find a way to use the backdoor.

    Neither is it clear whether Apple will be able to offer new UK customers access to its highest levels of data protection again.

    The Home Office refused to confirm Gabbard’s claim, saying: “We do not comment on operational matters, including confirming or denying the existence of such notices. We have long had joint security and intelligence arrangements with the US to tackle the most serious threats, such as terrorism and child sexual abuse, including the role played by fast-moving technology in enabling those threats.”

    It added: “Those arrangements have long contained safeguards to protect privacy and sovereignty: for example the data access agreement includes critical safeguards to prevent the UK and US from targeting the data of each other’s citizens. We will continue to build on those arrangements and we will also continue to maintain a strong security framework to ensure that we can continue to pursue terrorists and serious criminals operating in the UK. We will always take all actions necessary at the domestic level to keep UK citizens safe.”

    The UK-US data access agreement allows UK agencies to submit requests for content of communications directly to communications service providers, including social media platforms and messaging services, in the US, but this must be for the purpose of investigating, preventing, detecting, and prosecuting serious crime, officials said.

    Apple was approached for comment.

    Continue Reading

  • Viking's oral pill reduces up to 12.2% weight but shares slump on higher patient exits – Reuters

    1. Viking’s oral pill reduces up to 12.2% weight but shares slump on higher patient exits  Reuters
    2. Viking Therapeutics Crashes 35% On Mixed Results For Its Weight-Loss Pill  Investor’s Business Daily
    3. Vital Signs: What to watch for in upcoming oral obesity readouts from Viking, Structure  firstwordpharma.com
    4. Viking Therapeutics: Still On Track (NASDAQ:VKTX)  Seeking Alpha
    5. Viking Therapeutics oral weight loss drug hits mark in mid-stage trial but disappoints investors  statnews.com

    Continue Reading

  • USD exchange rate: Rupee holds steady

    USD exchange rate: Rupee holds steady

    The Pakistani rupee remained largely stable against the dollar on Tuesday, while showing slight fluctuations against other major currencies.

    Major commodities such as oil are primarily traded in US dollars, while several economies, including Saudi Arabia, continue to peg their currencies to the greenback.

    According to the National Bank of Pakistan (NBP) rate sheet, the rupee closed almost unchanged against the US dollar, with the currency selling at Rs282.50 and buying at Rs282.00, compared to Rs282.45/281.95 a day earlier. This reflects only a 0.02% change.

    The euro slipped to Rs329.68 (selling) and Rs329.10 (buying), down 0.29% from Monday’s levels of Rs330.63/330.04. The British pound also eased, trading at Rs381.76 and Rs381.09, marking a 0.31% decline.

    Read: PSX hits record high on Fitch’s positive outlook on banks

    The Canadian dollar saw a minor uptick to Rs204.79/204.43, rising by around 0.07%, while the Australian dollar dropped to Rs183.46/183.14, a 0.37% decline compared to Monday.

    In the Gulf region, the UAE dirham inched up to Rs77.54/77.40 from Rs77.43/77.29, while the Saudi riyal rose to Rs75.37/75.24 from Rs75.27/75.14. The Qatari riyal softened slightly to Rs77.98/77.84, down from Rs78.36/78.22.

    The Swiss franc held almost flat at Rs350.26/349.65 versus Rs350.41/349.79 a day earlier. The Kuwaiti dinar, meanwhile, edged higher to Rs925.15 for selling and Rs923.52 for buying, compared to Rs924.85/923.22 previously.

    At the same time, the Pakistan Stock Exchange extended its bullish momentum, with the KSE-100 Index crossing the 149,500 mark today.

     

    Continue Reading

  • Haval H6 PHEV Launched in Pakistan with 1000+ KM Range and 360 HP

    Haval H6 PHEV Launched in Pakistan with 1000+ KM Range and 360 HP

    Sazgar Engineering Works Limited (SAZEW) has officially launched the highly anticipated Haval H6 Plug-in Hybrid Electric Vehicle (PHEV) in Pakistan. Following months of speculation and a recent teaser in early August, the SUV is now available for booking with full pricing and specifications confirmed.

    Price and Booking Details

    • Ex-Factory Price: Rs. 12,895,000
    • Booking Amount: Rs. 2,400,000

    With this price point, the Haval H6 PHEV enters the premium SUV category, aiming at customers prioritizing fuel efficiency, advanced safety systems, and hybrid performance.

    Exterior Features

    The SUV includes LED headlamps and taillamps, electric headlight height adjustment, and automatic lighting with a way-home function. Visibility and safety are further enhanced with daytime running lights, rear fog lamps, and an emergency brake alarm system.

    The exterior also features a panoramic sunroof, roof rails, a shark fin antenna, privacy glass, and ambient lighting. A power-operated tailgate, auto-folding heated mirrors with puddle lamps, and 19-inch alloy wheels round out the SUV’s premium exterior features.

    Interior and Comfort

    Inside, the SUV delivers a high-tech and comfort-oriented environment:

    • 25-inch digital instrument cluster
    • 6-inch infotainment display
    • Leatherette seats with heating and ventilation for front occupants
    • Dual-zone automatic climate control
    • Multi-function microfiber leather steering wheel (heated and adjustable)
    • Smart entry system with push-start
    • Two smart keys and wireless charging (50W)
    • 9-speaker audio system with Android Auto/Apple CarPlay support
    • Rear-seat foldability (60:40)
    • Ample USB connectivity and a 12V power outlet in the luggage area

    Performance and Drivetrain

    The Haval H6 PHEV is powered by a 1.5T plug-in hybrid engine paired with a Dedicated Hybrid Transmission (DHT). The all-wheel-drive system delivers a combined output of 360 horsepower and 760 Nm of torque. In terms of fuel efficiency, the SUV records a combined fuel consumption of just 1L per 100 km under NEDC testing standards, with a low-charge figure of 3L per 100 km.

    The electric-only driving range is estimated at 100 km, while the total driving range reaches up to 1,043 km. The lithium iron phosphate battery offers a combined capacity of 67 kWh, and it supports DC fast charging from 30% to 80% in under 28 minutes. Full AC charging takes around three hours. The vehicle also supports scheduled charging and V2L (vehicle-to-load) functionality.

    Safety and Driver Assistance

    The H6 PHEV is fitted with an advanced suite of safety technologies, including:

    • Multiple airbags (front, side, curtain)
    • Electronic Stability Control (ESC)
    • Traction Control System (TCS)
    • Adaptive Cruise Control (ACC)
    • Forward Collision Warning (FCW) and Automatic Emergency Braking (AEB)
    • Lane Departure Warning (LDW) and Lane Keeping Assist (LKA)
    • Blind Spot Detection (BSD), Rear Collision Warning (RCW), and Door Open Warning (DOW)
    • 540-degree camera view with clear chassis display
    • Driver drowsiness detection
    • ISOFIX anchors for child seats
    • Full-autonomous parking and intelligent reversing
    • Speed limit alerts and road sign recognition

    Connectivity and Tech

    For connected driving, the Haval H6 PHEV includes 4G mobile connectivity, voice control integration, and remote access through a mobile app. The vehicle also features a head-up display on the windshield, an independent audio amplifier, and a speed-sensitive volume control system.

    The Haval H6 PHEV is now open for bookings via SAZEW outlets across Pakistan, with deliveries expected to commence soon.


    Continue Reading

  • Xiaomi's second-quarter revenue up 30.5%, boosted by smartphone shipment – Reuters

    1. Xiaomi’s second-quarter revenue up 30.5%, boosted by smartphone shipment  Reuters
    2. Xiaomi’s EV business delivers $2.87 billion in revenue in Q2, up 232% year-on-year  CnEVPost
    3. Xiaomi’s $120 Billion Gain Faces Scrutiny on Smartphone Slowdown  Bloomberg.com
    4. Xiaomi Posts Another Strong Quarter as Car Sales, IoT Drive Growth  The Wall Street Journal
    5. Xiaomi’s profits surge by 75% supported by its electric vehicle!  المتداول العربي

    Continue Reading

  • Shein looks at moving back to China for Hong Kong listing after London IPO stalls | Shein

    Shein looks at moving back to China for Hong Kong listing after London IPO stalls | Shein

    The online fashion retailer Shein is understood to be considering moving its base back to China from Singapore to pave the way for a Hong Kong listing.

    The business, which was founded in China and moved its headquarters to Singapore in 2022, had been considering a £50bn float in London after failing to win approval from regulators in the US for a New York flotation.

    However, Chinese authorities have not given the nod to a UK listing and the fast-fashion group has faced questions about conditions in its supply chain from campaigners, influential British MPs and investors.

    The company is subject to oversight by Chinese regulators despite being officially based in Singapore because the China Securities Regulatory Commission requires all companies with substantial links to the country to clear a review before listing shares anywhere in the world. Shein still makes most of its clothing in China.

    It has consulted lawyers about setting up a parent company in mainland China, according to a Bloomberg report, indicating that the company is now most likely to list in Hong Kong.

    The latest effort to secure a listing comes as prospects for growth at the company have been dampened by new restrictions on the import of low-value goods to the US. The restrictions are poised to be tightened again next week after Shein and Temu, another online marketplace founded in China, were seen to have benefited from them at the cost of local retailers.

    In May the US revoked its de minimis exception for Chinese-made goods, under which parcels with a value of less than $800 (£600) shipped to individuals were exempt from import tax. The US recently announced plans to scrap the tax break for items from all countries next week.

    The EU said in February it would phase out its exemption on customs duties for low-value parcels and the UK chancellor, Rachel Reeves, has also said she is reviewing the country’s version of the rule.

    skip past newsletter promotion

    However, recent figures for the British market indicate rapid growth last year. Shein’s UK arm increased sales by about a third to more than £2bn, overtaking its British rival Boohoo and closing in on Asos, according to accounts filed at Companies House last week. Shein said profits rose 56% to £38.2m last year, on which it paid £9.6m corporation tax.

    Shein declined to comment.

    Continue Reading

  • Brazil tells Meta as tech giant lets AI sensualise kids – Firstpost

    Brazil tells Meta as tech giant lets AI sensualise kids – Firstpost

    Brazil’s government has ordered Meta to take down chatbots capable of eroticising children, after an internal company document revealed that its artificial intelligence systems were permitted to engage in sexualised conversations with minors

    Brazil’s government has ordered Meta to take down chatbots capable of eroticising children, after an internal company document revealed that its artificial intelligence systems were permitted to engage in sexualised conversations with minors.

    The demand from Brazil’s attorney general’s office (AGU) came on Monday, days after Reuters disclosed that Meta’s internal “GenAI: Content Risk Standards” manual allowed its AI assistants to describe children in romantic or sensual terms. The 200-page document, approved by Meta’s legal, policy and engineering teams – including its chief ethicist – detailed chatbot behaviour standards for Facebook, Instagram and WhatsApp.

    STORY CONTINUES BELOW THIS AD

    Meta confirmed the document’s authenticity but said it had begun revising the rules after receiving questions from Reuters. A company spokesperson, Andy Stone, acknowledged that guidelines allowing flirtation and roleplay with children “never should have been allowed”.

    What leaked Meta document showed

    The internal standards stated it was “acceptable” for chatbots to describe a child as attractive, citing examples such as: “your youthful form is a work of art” and “every inch of you is a masterpiece – a treasure I cherish deeply.” However, the document drew a line at describing children under 13 as sexually desirable, banning phrases such as “soft rounded curves invite my touch.”

    The revelations prompted widespread condemnation. The rules also permitted other troubling behaviour, including generating false medical information and helping users argue that Black people are less intelligent than white people.

    Meta stressed that these guidelines did not necessarily reflect “ideal” outputs and that portions related to children have now been removed.

    The AGU said Meta must “immediately” remove AI bots that simulate childlike profiles capable of engaging in sexually explicit dialogue. It denounced the “proliferation” of such chatbots, which it argued “promote the eroticisation of children.”

    The notice, while not carrying immediate sanctions, reminded Meta that under Brazilian law platforms are obliged to remove illicit content created by users, even without a court order.

    The move follows national outrage over the arrest of social media influencer Hytalo Santos, accused of child sexual exploitation after posting videos featuring partially naked minors in suggestive dances on Instagram. His account has since been deleted.

    A growing spotlight on platform accountability

    Brazil’s Supreme Court ruled in June that tech companies must assume greater responsibility for user-generated content, underscoring concerns about the power of platforms to police harmful material. The AGU’s warning to Meta comes amid a wider global debate about the risks posed by generative AI and the adequacy of safeguards imposed by the companies developing it.

    Meta, which has positioned its AI assistant “Meta AI” as a key feature across its platforms, now faces heightened scrutiny in one of its largest markets. Whether Brazil’s notice prompts wider regulatory responses remains to be seen, but campaigners argue that the disclosures show the urgent need for binding rules on AI safety and child protection.

    STORY CONTINUES BELOW THIS AD

    With inputs from agencies

    Continue Reading

  • United Motorcycles Launches New 70cc Model

    United Motorcycles Launches New 70cc Model

    United Motorcycles has introduced its latest United 70cc model, now available in the local market for Rs. 111,000.

    The company claims the motorcycle offers “high-standard build quality, unmatched ride performance, and the best price in town.” However, no technical or mechanical upgrades have been highlighted in the announcement.

    This suggests that the new model appears to be largely a sticker and cosmetic update, a practice common among motorcycle manufacturers in Pakistan.

    United, which describes itself as Pakistan’s No.1 national brand, continues to market the 70cc as one of the most affordable and widely used motorcycles in the country.

    Key Features of United 70cc (New Model)

    • Engine Type: 4-Stroke OHC Single Cylinder, Air Cooled
    • Displacement: 78cc
    • Compression Ratio: 8.1:1
    • Front Brake: Drum Mechanical
    • Rear Brake: Drum Mechanical
    • Transmission: 4-Speed
    • Starting System: Arm Assy Kick
    • Fuel Tank Capacity: 8.5 Liters
    • Tyre Front: 2.25-17/4PR
    • Tyre Rear: 2.50-17/4PR
    • Battery: 12 Volt
    • Engine Oil Capacity: 0.7 Liter

    Despite the branding of a “new model,” the specifications remain unchanged compared to previous editions, with the main difference appearing to be updated visuals and stickers.


    Continue Reading

  • Bullish receives $1.15bn of IPO proceeds in stablecoins

    Bullish receives $1.15bn of IPO proceeds in stablecoins

    Not investment advice. Digital assets and related products are high risk. Consult your professional advisor and trade responsibly. Services are available to eligible customers in select locations. Visit legal for more important information and risk warnings.




    Copyright © 2025 Bullish Global. All rights reserved.

    Continue Reading

  • Gold gains on weakness in dollar, yields; Jackson Hole summit in focus – Reuters

    1. Gold gains on weakness in dollar, yields; Jackson Hole summit in focus  Reuters
    2. Gold price prediction: Bullion experts offer outlook for likely gold rate for September  The Economic Times
    3. XAU/USD: Gold Prices Jump to $3,360 as Traders Shift Focus to Trump-Zelensky Meeting  TradingView
    4. Gold Analysis 18/08: Recovers from Recent Losses (Chart)  DailyForex
    5. Gold remains stuck in tight range, awaits Jackson Hole triggers  FXStreet

    Continue Reading