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When Daniel Ek founded Spotify (SPOT.N) in 2006, a viable music product was a “moon shot.” The global music industry was struggling with years of declining sales, online music piracy was rampant, and services like Apple’s (AAPL.O) iTunes were pricey. Ek, then a 23-year-old coder, believed if access to music was as easy as turning on a tap … Read more
ROME: Italy’s art heritage police said on Wednesday they raided a Salvador Dali exhibition and seized 21 works attributed to the famous Spanish surrealist painter that are presumed to be forgeries. Officers took tapestries, drawings, engravings and various objects from the “Salvador Dali: Between art and Myth” show which opened last week in the northern … Read more
DORTMUND: Serhou Guirassy scored a goal and set up another as Borussia Dortmund beat Athletic Bilbao 4-1 at home on Wednesday for their first Champions League win of the season. Karim Adeyemi supplied Daniel Svensson’s opener before the half-hour mark and Carney Chukwuemeka added Dortmund’s second early in the second half, his first goal since … Read more
PARIS: Dior creative director Jonathan Anderson unveiled a new aesthetic for women’s ready-to-wear on Wednesday, showing his take on house classics such as the bar jacket at one of the hottest tickets in a packed season of designer debuts. Anderson joined the LVMH-owned label in March, and showed menswear in June. He is part of … Read more
Universal Music (UMG.AS) and Warner Music (WMG.O) are nearing landmark artificial intelligence licensing deals, the Financial Times reported on Thursday, citing people familiar with the matter. Universal and Warner could each strike deals with AI companies within weeks, the newspaper said. Talks involved start-ups such as ElevenLabs, Stability AI, Suno, Udio and Klay Vision, the … Read more
[ ISLAMABAD: Federal Minister for National Food Security and Research, Rana Tanveer Hussain, has said that cooperative farming will play a crucial role in strengthening Pakistan’s agriculture and ensuring food security. Chairing a high-level meeting on cooperative farming and marketing, also attended by Rana Iftikhar Muhammad, President of the Chamber of Agriculture Punjab, and other … Read more
[ LAHORE: With Pakistan and Saudi Arabia recently sealing a historic defence pact, policymakers and business leaders are increasingly calling for the two nations to expand cooperation into structured economic frameworks that could reshape regional connectivity. They believe that a Pak-Saudi Economic Corridor (PSEC), modelled on the China-Pakistan Economic Corridor, could be the natural next … Read more
KARACHI: The numbers themselves tell a story that borders on the absurd. A fraudulent Facebook account operating under the name of actress Sana Javed had attracted 1.7 million followers — half a million more than Javed’s official page. Verified through a paid subscription and complete with personal photographs and family images, the fake had not … Read more
Alphabet’s (GOOGL.O) Google said hackers are sending extortion emails to an unspecified number of executives, claiming to have stolen sensitive data from their Oracle business applications. In a statement, Google said a group claiming affiliation with the ransomware gang cl0p was sending emails to “executives at numerous organizations claiming to have stolen sensitive data from their Oracle E-Business Suite.” Google cautioned that it “does not currently have sufficient evidence to definitively … Read more
[ ISLAMABAD: The Competition Commission of Pakistan (CCP) on Wednesday approved the much-awaited acquisition of mobile services company Telenor by Pakistan Telecommunication Company Limited (PTCL) after a long wait of 18 months. “This is one of the most complicated transactions in the entire world,” CCP Chairman Dr Kabir Ahmed Sidhu remarked while announcing the approval … Read more