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Spotify hit with $1.6 billion copyright lawsuit | Business

Photo: Reuters  Music streaming company Spotify was sued by Wixen Music Publishing Inc last week for allegedly using thousands of songs, including those of Tom Petty, Neil Young and the Doors, without a licence and compensation to the music publisher. Wixen, an exclusive licencee of songs such as “Free Fallin” …

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SECP registers 8,286 companies in 2017 | Business

Foreign investment was reported in 562 new companies  ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 8,286 new companies during 2017, showing growth of 34 per cent when compared to the registration of the last financial year. According to the annual report 2017 released by SECP, the new …

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Saudi Arabia hikes gasoline prices | Business

Diesel rates for trucks were left unchanged. Photo: Saudi Gazette/File  DUBAI: Saudi Arabia raised local gasoline prices on Monday, state news agency SPA reported. The initiative, aimed at more efficient energy use, coincides with an ambitious reform plan to boost sources of revenue and wean the world’s top crude exporter …

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