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Oracle Cuts 21,000 Jobs as AI Investments Accelerate

Oracle has cut around 21,000 jobs globally over the past year, reducing its workforce by nearly 13% as it shifts resources toward artificial intelligence. The software giant reported 141,000 employees as of May 2026, down from 162,000 a year earlier. The move reflects a broader tech industry trend, with major firms investing heavily in AI infrastructure while reducing workforce costs.

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Turkcell Invited to Invest in Pakistan’s 5G and Digital Infrastructure

Pakistan–Türkiye digital cooperation is being strengthened as a proposed Pakistan–Türkiye Digital Corridor has been presented to Turkcell. The company has been invited to invest in Pakistan’s telecom and digital infrastructure, including 5G deployment, telecom equipment manufacturing and technology transfer. The proposal was discussed during a meeting between Turkcell CEO Ali Taha Koç and Prime Minister Shehbaz Sharif in Istanbul.

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Europe’s Top Court Upholds €4.1 Billion Google Android Fine

Europe’s top court has upheld a €4.1 billion antitrust fine against Google, ruling that the tech giant used its Android operating system to restrict competition. The penalty, originally imposed by the European Commission in 2018 and slightly reduced in 2022, remains the largest antitrust fine ever issued against Google. The company said the ruling overlooks its investment in keeping Android open, interoperable, and free.

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FBR Imposes Additional 30% Duty on Used Vehicle Imports

The Federal Board of Revenue (FBR) will impose an additional 30% Regulatory Duty on the commercial import of used vehicles from July 1, 2026. According to the latest notification, the new duty will be charged in addition to the Regulatory Duty already imposed under SRO 1064(I)/2026, increasing the overall import cost of used vehicles.

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