Italy’s finance minister slams central bank silence on ‘Superbonus’ scheme
Rome: Italy's economy minister on Friday criticised the country's central bank as well as the European Central Bank (ECB) for...
Business
Shanghai Electric’s coal project closed
Islamabad: The Private Power and Infrastructure Board (PPIB) on Wednesday afternoon declared the Financial Closing of Pakistan's largest Thar coal-fired...
Facebook parent Meta launches Threads app in the EU
Brussels: Facebook owner Meta’s text-based app Threads finally arrived in the European Union on Thursday, months after its global launch...
Pakistani delegation starts China visit to explore markets, JVs
Islamabad: On A delegation from the Pakistan Furniture Council (PFC), led by CEO Mian Kashif Ashfaq, started a visit to...
Turkish CJ visits Pakistan-China Joint Chambers of Commerce and Industry office
Lahore: Consul General of the Republic of Turkiye, Durmus Bastug, paid a visit to the Pakistan-China Joint Chambers of Commerce...
Britons are avoiding trips to hairdressers and coffee shops
London: Cash-strapped Britons are avoiding expensive trips to the hairdresser and coffee shops to save money, which has boosted demand...
EU reaches deal to reform electricity market
Brussels: The European Union reached an agreement on Thursday to reform the bloc’s electricity market in a bid to reduce...
China, Pakistan to tap new cooperation in textile industry
Beijing: The Vice President of China Chamber of Commerce for Import and Export of Textiles (CCCT) Zhang Xinmin held talks...
UK economy falls unexpectedly in October as higher rates bite
Lonopn: The UK economy shrank by more than expected in October, as higher interest rates squeezed consumers and bad weather...
UK economy shrinks, testing BoE’s resolve on rates
London: Britain's economy shrank in October, official data showed on Wednesday, raising the risk of a recession and testing the...
Sterling tumbles after UK economy shrinks
London: The pound was among the worst performing major currencies against the dollar on Wednesday, after data showed the UK...
Italy seeks 600,000 foreign workers to fill critical job vacancies
Rome: In response to severe labor shortages across multiple sectors, Italy is urgently seeking to fill 600,000 job vacancies by...
Pakistan, China engage in “constructive interaction” as Pakistan aims to boost exports
Beijing: Pakistan and China have engaged in a “constructive interaction” to boost the economic and investment ties as Islamabad looks...
Huawei, COMSTECH forms strategic partnership in Cybersecurity, AI and 5G advancement
Abdulah Jan Islamabad: The Ministerial Committee for Scientific and Technological Cooperation of the OIC (Organization of Islamic Cooperation) and Huawei...
Rishi Sunak seeks to defuse Tory revolt over Rwanda bill
London: Rishi Sunak is racing to shore up support for his Rwanda bill among right-wing MPs, ahead of a crucial...
UK firms pause China investment decisions as growth slows: survey
Beijing: Sixty percent of British firms feel that a slowing Chinese economy presents a bigger challenge to their operations in...
EU Council approves fishing opportunities for 2024 in EU and non-EU waters
Brussels: Following three days of negotiations, fisheries ministers agreed on fishing opportunities in the Atlantic, the North Sea, and in...
EU approves Germany’s payments for early coal exit
Brussels: The European Commission on Monday said Germany should be allowed to pay the energy giant RWE some €2.6 billion...
Xinjiang’s railway freight volume exceeds 200 million tones
Urumqi: The railway freight volume of northwest China's Xinjiang Uygur Autonomous Region since the beginning of this year has reached...
Vision Pakistan US $ 100 billion: Pakistani Commerce Minister flies to China with a packed schedule
Islamabad: Federal Minister for Commerce and Industries Dr Gohar Ejaz flew to China on Saturday afternoon to lead a high-profile...
EU wants to put a tax on emissions from imports. It’s irked some other nations at COP28
Dubai: A European Union plan to tax the carbon pollution emitted to make goods imported from countries like India and...
Italy’s ‘arrivederci’ to China’s BRI could be a template for others
Rome: Italy’s withdrawal from the Belt and Road Initiative (BRI) will reshape transatlantic relations for the better, while serving as...
PowerChina commences full scale construction of Mansehra 765/220KV substation
Islamabad: The PowerChina Saturday has commenced the full-scale construction of the Mansehra 765/220KV substation, which will undertake power transmission between...
Pakistan’s Sindh provincial government set to buy electric buses from China for Bus Rapid Transit system
Karachi: Pakistan’s Sindh provincial government is set to buy electric buses from China for the Bus Rapid Transit system. Caretaker...
Pakistan aims to multiply exports to China to achieve ambitious $100 billion goal
Islamabad: Pakistani Ministry of Commerce is aiming to multiply exports to China as part of its ambitious goal outlined in...
EU clinches deal on landmark AI Act – reaction
Brussels: European Union policymakers on Friday agreed a provisional deal on landmark rules governing the use of artificial intelligence (AI)....
EU condemns ‘out of whack’ Opec attempt to block COP28 fossil fuel deal
Dubai: The European Union's climate chief on Saturday heavily criticised an attempt by OPEC to derail a COP28 deal on...
Pakistan witnesses unprecedented surge in sesame seed exports to China
Gwadar Pro Islamabad: In October 2023, Pakistan experienced a remarkable surge in sesame seed exports to China, reaching an unprecedented...
EU top court’s ruling spells trouble for scoring algorithms
Brussels: The Court of Justice of the EU (CJEU) has ruled that decision-making by scoring systems that use personal data...
EU agrees plan to enable member states to end all gas imports from Russia
Brussels: EU countries may soon be able to halt their last remaining Russian gas imports under plans to ban Russian...
