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Caretaker Minister for Information Technology Umar Saif addresses the event.  Caretaker Minister for Information Technology Umar Saif on Saturday announced that the government would establish a "Venture Capital Fund" to encourage…

Barbie might be synonymous with pink - but her film is now firmly in the green, with more than $1bn (£784m) in box office sales worldwide.The smash hit, directed by Greta Gerwig and starring Margot Robbie, reached the…

Apple is being sued for £1bn (£785m) by UK app developers over its App Store fees. Professor Sean Ennis, from the University of East Anglia Centre for Competition Policy, is bringing the class action lawsuit on behalf of…

The Narendra Modi government has trashed Chinese automaker BYD’s proposal to set up a $1 billion manufacturing plant in India, reported Economic Times on Saturday.The Chinese EV giant had earlier submitted a proposal to build EVs as well as…

A pair of British executives are seeking to buck the trend of waning sentiment towards special purpose acquisition companies (SPACs) by establishing a £1bn listed vehicle for investors to access the Lloyd's of London insurance…

Carlos Ghosn, the former Nissan chairman who fled financial misconduct charges in Japan, is seeking more than $1bn (£785m) from the carmaker in a lawsuit.The tycoon, once considered the most powerful automotive industry figure…

Dr Martens has reported a slump in profits despite hitting a £1bn revenue milestone for the first time - after admitting it made mistakes against the backdrop of "a challenging consumer environment".The footwear firm reported…

The owner of WhatsApp, Instagram and Facebook has been slapped with a record fine of €1.2bn (£1.04bn) by the Irish data protection regulator.It is the biggest fine ever levied for breach of the general data protection…

The government's long awaited national semiconductor strategy has been published and met with a lukewarm response from industry amid ongoing shortages.Microchip makers, who create the parts needed in almost every electronic…

Royal Mail's parent firm has reported £748m in annual operating losses, driven by the crisis within the UK business that was dogged by strikes and poor performance. International Distributions Services (IDS) laid the blame…