Category: World

This section brings you news reports from around the world, covering global events, politics, economy, and more. Stay informed with the latest international updates and developments.

  • Xiaomi launches ultra slim MIX Fold 2 smartphone

    Xiaomi launches ultra slim MIX Fold 2 smartphone

    BEIJING: Xiaomi on Thursday August 11, 2022 revealed its advanced foldable flagship smartphone, Xiaomi MIX Fold 2 launched in China.

    Xiaomi MIX Fold 2 is a giant technological leap in the ultra-slim foldable smartphone space. Measuring just 5.4mm¹ unfolded, Xiaomi MIX Fold 2 offers a consistent viewing experience on both its inner and outer displays. Additionally, it delivers an authentic Leica imagery experience and outstanding power efficiency with the latest Snapdragon® 8+ Gen 1 mobile platform.

    READ MORE: Samsung launches all new Galaxy Z Flip4

    In addition to Xiaomi MIX Fold 2, Xiaomi also announced Xiaomi Pad 5 Pro, Redmi K50 Ultra, and a host of ecosystem products.

    Self-developed Micro Waterdrop Hinge

    Xiaomi MIX Fold 2 boasts a revolutionary design. It is one of the thinnest foldable smartphones on the market with a folded body just 11.2mm¹ thin—significantly slimmer than many other foldable devices. Both edges measure just only 5.4mm¹ unfolded, offering a pleasant in-hand feel experience.

    To achieve these breakthroughs in form factor, Xiaomi focused on refining the hinge – the core component of the foldable smartphone. Xiaomi MIX Fold 2 is equipped with a self-developed Micro Waterdrop Hinge which features a smaller bending radius, thinner screen modules, customized mini rotating hinge, and utilized an integrated solder-free precision process to create a carbon fiber double-wing floating panel. Together, these highly integrated components reduced the number of parts to only 87, enabling a lighter and thinner hinge design than ever before.

    READ MORE: Samsung launches One UI 5 open beta program for Galaxy S22 series

    In addition, both sides of the hinge use space stacking technology, and use large hidden spaces on both sides of the hinge for soft boards, achieving a 20% increase in space utilization and thereby offering the 5.4mm¹ flat design with balanced weight distribution.

    Two displays, one exceptional viewing experience

    Xiaomi MIX Fold 2 sports an inner folding design, with two AMOLED flagship screens of two different sizes on two respective sides. The outer display adopts a 21:9 classic ratio design, allowing for excellent compatibility with most applications and taking into account user experience when handling. The 6.56″ display features Samsung E5 material, a resolution of 2520×1080, and supports 120Hz high refresh rate and P3 color gamut, with a brightness of up to 1000nit–giving it an edge over other common displays thanks to its outstanding user experience.

    READ MORE: Xiaomi further improves rank to 266 in Fortune Global 500 list

    On the inside Xiaomi MIX Fold 2 flaunts an 8.02″ Samsung Eco² OLED display. It adopts POL-LESS technology, replaces the traditional polarizer with an ultra-thin color filter, and uses a black matrix material to reduce reflection on the screen. Compared to traditional displays, light transmittance has been increased by 33%, with power consumption reduced by 25%. This screen has a resolution of 2160×1914, supports P3 color gamut and LTPO 2.0 1-120Hz AdaptiveSync Pro. The ultra-low anti-AR film allows the display to reduce reflectivity to less than 2%, resulting in more detailed viewing experience and pleasing aesthetics.

    The two displays offer an exceptionally consistent user experience, both supporting 120Hz refresh rate, professional screen calibration on primary colors, 1,000nit brightness and Dolby Vision. Regardless of which screen is used, the device supports dual ambient light sensing on the front and back, providing for natural and smooth automatic brightness adjustment.

    MIUI Fold 13, the new standard for foldable displays

    Xiaomi MIX Fold 2 runs on the latest MIUI Fold 13 operating system. Developed as a permutation of the classic MIUI interface, it is perfectly adapted to foldable form factor, with screen interaction optimizations offering advancements in user experience.

    The smart screen desktop design adapts to the foldable display and doubles the viewing area of the smartphone. As well as maintaining visual consistency, it allows for the hundreds of available MIUI widgets to be used without deformation, increasing both aesthetics and usability.

    Xiaomi MIX Fold 2 system applications are customized for its large screen, and a large number of app interfaces have been redesigned for a better on-screen experience. Calendar, file management, voice recorder, notes, and other applications apply a new column design to take full advantage of the large screen. Third-party application adaptation will be conducted according to solutions available in Android 12L, providing more native support capability for third-party apps.

    Additional Xiaomi MIX Fold 2 innovations include updates in smart screen interaction. Users can now three finger swipe to split screen. Floating windows can be quickly accessed through the sidebar, which can also be used to exit split screen mode. The design of floating windows and notifications has also been adjusted, and multitasking on a smartphone has never been quite this efficient.

    Authentic Leica Imagery, dual-quality approach

    Xiaomi has set a new imaging standard for smartphone photography, combining Leica’s imagery expertise with Xiaomi’s rich experience in the field of computational photography.

    To ensure optical excellence, Xiaomi MIX Fold 2 is equipped with a 50-megapixel IMX766 main camera, with 7P lenses all using ALD low-reflection coating. Also featured are a 13MP ultra-wide angle camera and a 8MP telephoto camera with 2x optical zoom and portrait capabilities.

    In addition to the Leica-certified Summicron lens, Xiaomi MIX Fold 2 offers access to two photographic styles: The “Leica Authentic Look” and “Leica Vibrant Look”, both offering enhanced creative freedom to the photographer.

    With the Xiaomi ProFocus support, Xiaomi MIX Fold 2 offers fast camera startup, quick captures, and continuous shooting support up to 30 frames per second.

    In regards to video, Xiaomi MIX Fold 2 supports Dolby Vision HDR recording, as well as both Dolby Vision and Dolby Atmos for video viewing. Videos shot on Xiaomi MIX Fold 2 will look amazing, particularly when utilizing UGC platforms which support Dolby Vision, allowing users to share exceptional visuals online.

    Snapdragon® 8+ Gen 1 and flagship performance packed in an ultra-slim body

    In addition to its revolutionary thin and light foldable screen design, Xiaomi MIX Fold 2 takes advantage of the latest Qualcomm Snapdragon® 8+ Gen 1 mobile platform for snappy performance. TSMC’s 4nm manufacturing process enables a significant increase in energy efficiency while integrating tens of billions of transistors, into an area the size of a fingernail. The advanced process allows both CPU and GPU to receive a 10% boost in performance, while simultaneously improving CPU and GPU energy consumption by 30%. This upgraded design allows the ultra-slim smartphone to maintain higher speeds and efficiency at the same time.

    Excellent power efficiency allows for a long lasting battery, with a full day of use being possible even when the inner screen is frequently used, with extended use when using primarily the outer display.

    Xiaomi MIX Fold 2 also packs a cooling system equipped with a large-area VC, rarely seen on foldable smartphones. The high-quality VC offers a surface area of up to 2,520mm², enabling 50% improvement in thermal conductivity compared to typical VCs. The inner layer of the battery is covered with second-generation boron nitride heat dissipation film, with an area of up to 3715mm². Finally, multi-layer high-density graphite sheet creates a solid foundation for Xiaomi MIX Fold 2’s excellent sustained performance.

    Xiaomi MIX Fold 2 comes in two colors: Black and Gold, with three storage variants.

    12GB+256GB – priced at RMB 8,999

    12GB+512GB – priced at RMB 9,999

    12GB+1TB – priced at RMB 11,699

  • Samsung launches all new Galaxy Z Flip4

    Samsung launches all new Galaxy Z Flip4

    South Korea: Samsung Electronics on August 10, 2022 launched the all new Galaxy Z Flip4, flipping the script on mobile experiences, packing more of what makes foldables great into a compact clamshell design to offer the most unique device experiences yet.

    The mobile comes with the latest operating system of Android 12, One UI 4.1.1 and charges upto 50 percent in just 30 minutes.

    The mobile phone is launched with the storage capacity of 8GB RAM and 512GB internal storage. The phone is also available with 8GB RAM with 256GB internal storage and 128GB internal storage.

    Allowing you to set up shots at any angle, the Z Flip4’s FlexCam lets you live and create truly hands free. You can also harness Quick Shot to capture moments and selfies without opening your phone — or start a video on Quick Shot and transition to FlexCam without interruption.

    The Z Flip4’s upgraded cameras and a brighter sensor bring every scene to life in crisp color — whenever and wherever moments happen. 

    Customization on the Z Flip4 is unlike that of any other device, offering Cover Screen designs and functions that pair across your devices. Z Flip4’s redesign also gives you a more comfortable grip on your smartphone, with the edgier slimmer hinge and straightened edges offering a refined look and feel that matches seamlessly with its four iconic shade options — Graphite, Pink Gold, Blue and the signature Bora Purple.

    The 6.7-inch display unfolds a beautiful view thanks to Ultra Thin Glass. Advanced durability makes it stronger than ever — staying tough through up to 200,000 folds.

    From the inside out, Galaxy Z Flip4 is made to be durable. These are our toughest foldables ever with exclusive Corning® Gorilla® Glass Victus®+. And the hinge is protected by Armor Aluminum — our toughest aluminum frame.

    This phone is the world’s first water-resistant foldable smartphone. It can hang out in 1.5 meters of water for up to 30 minutes without breaking a sweat.

    The night just got brighter with Nightography on the Rear Camera. Details are brought to light even in the dark with bigger pixels on the Wide Camera.

    Nightography isn’t just for stills — it’s also got video skills. When the action gets going, recordings stay smooth, not shaky, with enhanced OIS and VDIS. Powerful processing allows Super Night Solution to minimize noise so clips of the crew stay clear well into the night.

    Introducing FlexCam, a versatile, hands-free camera experience. Take advantage of your phone’s agile angles to capture group shots, selfies and videos from mind-blowing perspectives and impressive true-to-life detail — even in your go-to social apps.

    Take selfies with the Rear Camera while the Cover Screen gives you a real-time preview. Check yourself from afar with a full-screen view finder, or tap to see the original ratio to make sure everyone is in frame. And with new software upgrades, Quick Shot is ready for even more action at all the angles between folded and FlexCam.

    With this much juice, you can let every call go into overtime. An upgraded 4nm processor works with the long-lasting 3700mAh (typical) battery to power through the hours.

    When it’s low, plug in for Super Fast Charging or bypass the cord with Fast Wireless Charging 2.0. With all that power to spare, you can even share a charge with your friend or your earbuds with Wireless PowerShare.

    With a customizable 1.9-inch Cover Screen, you get yet another canvas to play with.16 Change it up as much as you want using your videos, photos or your own AR emoji to personalize the clock face. With this much control, you can easily update it with your mood, the weather or to match your outfits.

    Your daily digital regulars, right on the Cover Screen. Control your phone with taps and swipes on the 1.9-inch Cover Screen. Access Quick Settings, reply to texts and add widgets to keep apps at your fingertips — no Main Screen necessary.

  • US Treasury sanctions virtual currency mixer Tornado Cash

    US Treasury sanctions virtual currency mixer Tornado Cash

    WASHINGTON: The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) Monday sanctioned virtual currency mixer Tornado Cash, which has been used to launder more than $7 billion worth of virtual currency since its creation in 2019.

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  • Toyota Motors suspends production at Tsutsumi plant

    Toyota Motors suspends production at Tsutsumi plant

    JAPAN: Toyota Motors Corporation on Monday announced to suspend production at Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan after detection of Covid-19 cases.

    The company apologized for the anxiety and concern that this news may cause to people in the surrounding regions. The virus is an issue that has the potential to affect all Toyota locations and company is still working to further enhance communication and health checks with staff at all locations.

    READ MORE: COVID-19 cases reported at Toyota work sites

    Toyota is actively implementing measures to prevent the further spread of the virus and remain committed to provide timely updates as the situation requires.

    Announced on August 8, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (two males in their 30’s, a male in his 40’s.)

    Affect to production operation

    Suspended operations on production line #1 at Tsutsumi plant for the second shift on August 8.

    Date tested positive

    August 5 and 6, 2022

    Last date at work

    August 5, 2022

    Date work site was disinfected

    August 5, 2022

    Others

    Due to difficulties in ensuring the safety and security of our employees and in having the necessary personnel for operation, we have decided to suspend operation.

    Announced on July 27, 2022

    Location, Worksite

    Takaoka Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (three males 20’s, a male 30’s, three males 40’s, a female 30’s.)

    Affect to production operation

    READ MORE: Global car manufacturers agree to introduce electric mini-commercial vans

    Suspended operations on production line #1 at Takaoka plant for the second shift on July 27.

    Date tested positive

    July 24, 25, and 26, 2022

    Last date at work

    July 23 and 25, 2022

    Date work site was disinfected

    July 25 and 26, 2022

    Others

    Due to difficulties in ensuring the safety and security of our employees and in having the necessary personnel for operation, we have decided to suspend operation following the decision announced on July 26.

    Announced on July 26, 2022

    Location, Worksite

    Takaoka Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (two males 20’s, a male 30’s, two males 40’s.)

    Affect to production operation

    Suspended operations on production line #1 at Takaoka plant for the second shift on July 26.

    Date tested positive

    July 24 and 25, 2022

    Last date at work

    July 23, 2022

    Date work site was disinfected

    July 25 and 26, 2022

    Announced on January 20, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (4 males each in their 20’s, 30’s, 40’s and 50’s.)

    Affect to production operation

    Suspended operations on production line #1 at Tsutsumi plant for the second shift on January 20.

    Date tested positive

    January 17, 18, and 19, 2022

    Last date at work

    January 17, 2022

    Date work site was disinfected

    January 17, 18, and 19, 2022

    Announced on January 19, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (ten males in 20’s, one male in 30’s, and three males in 40’s.) 

    Affect to production operation

    Decided to suspend operations on production line #2 at Tsutsumi plant for the first shift from January 19 to 22.

    Date tested positive

    January 18 and 19, 2022

    Last date at work

    January 18 and 19, 2022 

    Date work site was disinfected

    January 18 and 19, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan 

    Type of worker

    Line workers (eight males in 20’s and 40’s.) 

    Affect to production operation

    Production line #2 at Tsutsumi plant halted operation for the first shift on January 19. 

    Date tested positive

    January 18, 2022 

    Last date at work

    January 18, 2022 

    Date work site was disinfected

    January 18, 2022

  • Xiaomi further improves rank to 266 in Fortune Global 500 list

    Xiaomi further improves rank to 266 in Fortune Global 500 list

    Beijing, CHINA: Xiaomi Group has been ranked No. 266 on the 2022 Fortune Global 500 list announced on Wednesday.

    The company, which is the world’s third largest smartphone manufacturer, moved up the list for the fourth year in a row.

    READ MORE: Jazz announces free calls to calamity hit Balochistan

    Xiaomi first appeared on the Fortune Global 500 list as No. 468 in 2019, just nine years after its founding. The fast-growing company has improved its ranking every year since – to 422 in 2020 and to 338 last year.

    According to Fortune Magazine, Xiaomi, which first entered the Fortune Global 500 List in 2019, has advanced more than 200 positions in four years, making it the fastest rising Chinese technology company.

    Xiaomi’s revenue and adjusted net profit hit new highs in 2021. Total revenue of Xiaomi Group in 2021 reached RMB 328.3 billion, a year-on-year increase of 33.5 per cent. Its adjusted net profit reached RMB 22 billion last year, a year-on-year increase of 69.5 per cent.

    READ MORE: Careem customers donate Rs10.3 million

    Xiaomi Group’s overseas-market revenue in 2021 increased by 33.7 per cent year-on-year, accounting for 49.8 per cent of its total revenue. In the first quarter of 2022, this proportion increased to 51.1 per cent.

    Thanks to its “Smartphone × AIoT” strategy, Xiaomi’s global smartphone shipments hit a record high in 2021. Its AIoT products also expanded rapidly, building a rich product ecosystem around smartphones.

    According to Canalys, Xiaomi ranked third in the global smartphone industry with a market share of 14.1 per cent in 2021. Its smartphone sales ranked first in 14 markets and was in the top five in 62 markets.

    READ MORE: Forbes China includes Xiaomi in best employers list

    As of December 31, 2021, more than 434 million smart devices were connected to its platform (excluding smartphones, tablets and laptops), a year-on-year increase of 33.6 per cent. The number of its global MIUI monthly active users reached 509 million, a year-on-year increase of 28.4 per cent.

    In 2021, the share of Xiaomi’s high-end smartphone shipments increased to about 13 per cent of its total smartphone shipments, nearly doubling from the previous year.

    Meanwhile, Xiaomi has continued to increase its investment in research. In 2021, Xiaomi’s R&D expenditure was RMB 13.2 billion, a year-on-year increase of 42.3 per cent. In the next five years, Xiaomi’s investment in research is expected to exceed RMB 100 billion. As of March 31, 2022, Xiaomi has been granted more than 26,000 patents; its global patent applications exceeded 53,000.

    READ MORE: Xiaomi joins hands with SELECT for phone production

    Going forward, Xiaomi is committed to building amazing products with honest prices so that everyone can enjoy a better life through innovative technology.

  • Hyundai’s heavy duty trucks to be exported to Germany

    Hyundai’s heavy duty trucks to be exported to Germany

    SEOUL: Hyundai Motor Company announced on Tuesday to export XCIENT Fuel Cell heavy-duty trucks to Germany, the biggest commercial vehicle market in Europe.

    Seven companies of Germany in logistics, manufacturing and retail will put 27 XCIENT Fuel Cell trucks into fleet service with funding for eco-friendly commercial vehicles from Germany’s Federal Ministry for Digital and Transport (BMDV). 

    READ MORE: Hyundai Motors announced 4% growth in July global sales

    Mark Freymueller, Senior Vice President and Head of Commercial Vehicle Business Innovation of Hyundai Motor Company said:

    “We are glad to now also officially enter the German commercial vehicle market with our heavy-duty fuel cell electric truck, the XCIENT Fuel Cell. Hyundai Motor, which is recognized as the leader in hydrogen fuel cell technology, will leverage this opportunity to expand our business into the wider European market by successfully supporting Germany’s efforts to achieve its carbon neutral goals,”

    READ MORE: Hyundai, Kia sign pact to develop mobility to explore moon

    In August 2021, BMDV rolled out its funding guidelines for commercial vehicles with alternative drive systems upon approval by the European Commission. The funding is available for battery, fuel cell and (overhead line) hybrid electric vehicles, corresponding to refueling/charging infrastructure and related feasibility studies. BMDV will have a budget of 1.6 billion euros available until 2024 to purchase eco-friendly commercial vehicles. 

    The aforementioned seven German companies initially applied for the funding with Hyundai’s XCIENT Fuel Cells and successfully received approval from BMDV, again proving XCIENT Fuel Cell’s product competitiveness. 

    READ MORE: Hyundai announces second quarter financial results

    Hyundai Hydrogen Mobility, a joint venture between Hyundai Motor Company and Swiss company H2 Energy, has also established Hyundai Hydrogen Mobility Germany GmbH (HHMG) to actively expand its entry into the hydrogen-powered commercial vehicle market in Germany. In order to establish a hydrogen ecosystem in the country, HHMG will operate local market sales and customer service as well as upfitter management in the market. HHMG also plans to actively participate in the second funding program.

    XCIENT Fuel Cell Specifications

    The XCIENT Fuel Cell to be delivered is equipped with a 180-kW hydrogen fuel cell system with two 90-kW fuel cell stacks. The system’s durability and the vehicle’s overall fuel efficiency are tailored to the demands of commercial fleet customers. The 350-kW e-motor with maximum torque of 2,237 Nm enables dynamic driving performance.

    READ MORE: Chevrolet unveils all-electric 2024 Blazer EV

    XCIENT Fuel Cell’s seven large hydrogen tanks offer a combined storage capacity of around 31 kg of fuel, while a 72-kWh-powered set of three batteries provides an additional source of power. The maximum driving range is 400 km per charge. Refueling a full tank of hydrogen takes about 8 to 20 minutes, depending on the ambient temperature. 

    Launched in 2020 by Hyundai Motor, XCIENT Fuel Cell is the world’s first mass-produced hydrogen electric heavy-duty truck. The company has already deployed 47 units in Switzerland where they have accumulated more than four million kilometers in driving as of July 2022. The trucks are servicing 23 different customers in Switzerland.

    READ MORE: Pakistan reintroduces capital value tax on motor vehicles

  • Hyundai Motors announced 4% growth in July global sales

    Hyundai Motors announced 4% growth in July global sales

    SEOUL: Hyundai Motor Company on Monday announced that its July 2022 global sales registered an increase of 4 per cent to 325,999 units.

    READ MORE: Hyundai, Kia sign pact to develop mobility to explore moon

    In markets outside of Korea, Hyundai Motor sold a total of 269,694 units, a 6.3 percent increase from a year earlier.

    Despite global component shortages and ongoing geopolitical issues, the sales in global markets have recovered steadily this year.

    READ MORE: Hyundai announces second quarter financial results

    Sales in Korea were down by 5.9 percent year-over-year to 56,305 units. However, the company maintained solid sales of SUV models and Genesis luxury brand vehicles, selling 15,371 units and 10,512 units, respectively.

    Amid fiercer competition in the global electric vehicle (EV) market, the company is solidifying its position as an EV leader. In July, Hyundai sold over 16,000 EVs on a retail sales basis, a 24 percent increase from a year earlier, with more than 8,000 units of IONIQ 5 leading the way.

    READ MORE: Chevrolet unveils all-electric 2024 Blazer EV

    In spite of unfavorable external conditions, including ongoing components shortages and cost fluctuations of raw materials, Hyundai will continue to alleviate business uncertainties by optimizing production and inventory status while diversifying business strategies tailored for each region.

    READ MORE: Pakistan reintroduces capital value tax on motor vehicles

  • Amazon declares $2 billion net loss for second quarter

    Amazon declares $2 billion net loss for second quarter

    SEATTLE, Washington: Amazon.com, Inc. has announced net loss of $2 billion for the second quarter against the net income of $7.8 billion in the second quarter of 2021.

    Second quarter 2022 net loss includes a pre-tax valuation loss of $3.9 billion included in non-operating expense from our common stock investment in Rivian Automotive, Inc.

    READ MORE: Amazon Software Technology Park inaugurated

    Operating cash flow decreased 40 per cent to $35.6 billion for the trailing twelve months, compared with $59.3 billion for the trailing twelve months ended June 30, 2021.

    Free cash flow decreased to an outflow of $23.5 billion for the trailing twelve months, compared with an inflow of $12.1 billion for the trailing twelve months ended June 30, 2021.

    Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $33.5 billion for the trailing twelve months, compared with an inflow of $0.6 billion for the trailing twelve months ended June 30, 2021.

    Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations decreased to an outflow of $26.1 billion for the trailing twelve months, compared with an inflow of $4.2 billion for the trailing twelve months ended June 30, 2021.

    Common shares outstanding plus shares underlying stock-based awards totaled 10.6 billion on June 30, 2022, compared with 10.4 billion one year ago. All share and per share information throughout this release has been retroactively adjusted to reflect the 20-for-1 stock split effected on May 27, 2022.

    Net sales increased 7 per cent to $121.2 billion in the second quarter, compared with $113.1 billion in second quarter 2021. Excluding the $3.6 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 10 per cent compared with second quarter 2021.

    Operating income decreased to $3.3 billion in the second quarter, compared with $7.7 billion in second quarter 2021.

    “Despite continued inflationary pressures in fuel, energy, and transportation costs, we’re making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfillment network,” said Andy Jassy, Amazon CEO.

    “We’re also seeing revenue accelerate as we continue to make Prime even better for members, both investing in faster shipping speeds, and adding unique benefits such as free delivery from Grubhub for a year, exclusive access to NFL Thursday Night Football games starting September 15, and releasing the highly anticipated series The Lord of the Rings: The Rings of Power on September 2.”

  • Careem customers donate Rs10.3 million

    Careem customers donate Rs10.3 million

    KARACHI: Careem, the Super App for the greater Middle East and Pakistan on Friday announced they received donations worth Rs10.3 million during last two years through its reward feature.

    These donations were made by customers using the Careem app to multiple reputable charities including, Indus Hospital, The Citizens Foundation (TCF), World Wide Fund for Nature-Pakistan (WWF-Pakistan), NOWPDP, SOS Children’s Village, CYTE Foundation, Saylani Welfare Trust and Shahid Afridi Foundation (SAF).

    READ MORE: SBP issues electronic money license to Careem Pay

    The donation amount was revealed at an event where notables from multiple charities and Careem were present.

    Feroz Jaleel, Country Head, Careem Pakistanexpressed his gratitude for this generous initiative and said “We believe technology has the potential to act as an enabler in society, allowing people to donate using our Super App.

    It makes me very happy that our customers have come forward and contributed to the betterment of society. It is our responsibility to look after the less fortunate and support those in need”.

    READ MORE: Careem signs agreement to provide logistic solution to Unilever

    Careem rewards are virtual redeemable points that customers receive upon using any of the available services in the mobile application across the region.

    In Pakistan, customers get these points from taking a ride to using the delivery service or mobile phone recharge. Customers can redeem these points to get buy-one-get-one meals, discounts on entertainment and shopping from a variety of options available in the rewards section.

    READ MORE: Careem Pakistan asked to facilitate expatriates availing services in country

    These points can also be used to donate to charitable organizations to help them support the less fortunate people in society and make the world a better place to live.

    Careem has more than 800,000 Captains registered on its platform so far. As the region’s multi-service application, Careem offers multiple opportunities as it expands its services from the mobility of people to mobility of things and money including daily essential deliveries, peer-to-peer credit transfer, and mobile top-ups.

  • Toyota lowers July production in Japan

    Toyota lowers July production in Japan

    Toyota Motor Corporation has announced a downward revision of its production forecast for July 2022, attributing the adjustment to an ongoing parts shortage exacerbated by the impact of the COVID-19 pandemic.

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