Venture capital investment in UK firms still below pandemic-era peak
London: Investment in UK start-ups fell to $21.3 billion in 2023, down from $31.3 billion in 2022 and a little...
Business
Italy: Generali spends $108 million to grow China non-life insurance business
Milan: Italy's biggest insurer Generali on Wednesday said it would acquire full control of a non-life insurance joint-venture in China...
Italy continues reforms by revising its international tax principles
Rome: On December 28, 2023, Legislative Decree No. 209/2023 regarding the Italian reform of international taxation (the Decree) was published...
Italy kicks off 2024 with huge demand for bond sale
Rome: Italy saw investor demand of nearly 10 times the 15 billion euros ($16.41 billion) it was set to raise...
Eyeing vast opportunities, multinationals flock to China
Beijing: Multinational corporations are eager to increase their investments in the prosperous Chinese market as the new year begins. Despite...
UK households poorer than before pandemic: Unions
London: The United Kingdom is the only G7 country where household budgets have not recovered to pre-Covid levels, trade union...
UK labour market firms after recent slowdown: REC survey
London: British employers raised pay and recovered some of their appetite for hiring in December, according to a survey that...
Kering marks 25th anniversary of presence in Italy
Rome: Marking the 25th anniversary of its presence in Italy as a luxury group, with the acquisition of Gucci in...
China will significantly increase direct flights with US in 2024
Beijing: The Civil Aviation Administration of China (CAAC) on Saturday said that it will work toward a significant increase in...
Pakistan’s sesame export to China registers 117.85pc increase in last year
Beijing: Pakistan registered a remarkable surge of 117.85 percent in Sesame seed export to China last year as sesame seeds...
Italy inflation slows, business sentiment improves in 2023
Rome: Italy's economy appears to have ended 2023 on a mostly positive note, with inflation continuing to slow, and consumer...
Chinese company exports 160 high-end electric buses to Pakistan
China Economic Net Beijing: A Chinese company handed over 160 high-end pure electric buses to Pakistan at a ceremony held...
State Council calls for further developing silver economy
Beijing: China's State Council held an executive meeting to evaluate the development of the silver economy, as well as hear...
Coinbase plans acquisition to expand derivatives offering in EU
Brussels: Coinbase said that it is in the process of acquiring a MiFID-licensed entity to expand its derivatives offering in...
Pak-China collaboration to continue expand chilli sector
China Economic Net Beijing: With deepening bilateral collaboration in the chilli industry, the sector in Pakistan will continue to thrive...
Khunjerab Pass to remain open till Jan 16 to facilitate trade activities
Beijing: Khunjerab Pass, temporarily reopened by the Chinese government on Jan 2, will remain open till Jan 16 to facilitate...
UK house prices rise for first time in eight months
London: British house prices rose in annual terms in December for the first time in eight months, data from mortgage...
EU’s Vestager to meet Big Tech CEOs in the US next week
Brussels: EU antitrust chief Margrethe Vestager will meet the chief executives of Apple, Alphabet, Broadcom and Nvidia in the United...
Europe’s gas price falls to encourage more industrial use: Kemp
London: Europe’s gas inventories are on course to end the winter of 2023/24 at or near a record high as...
Drivers in Italy to be paid to go electric
Brussels: Drivers in Italy will be offered cash to swap their gas-guzzling automobiles for non-polluting electric vehicles. The 930-million-euro ($1-billion)...
China embraces first batch of Pakistani beef
Beijing: In a notification to the Pakistan Stock Exchange, The Organic Meat Company Limited reported on January 1 that it...
Pakistan’s copper export to China crosses $1 billion mark in 2023
Beijing: Copper and articles thereof have seen an increase in export to China from Pakistan in recent years and in...
UK mathematicians claim a guaranteed lottery win using just 27 purchased tickets
London: Dr David Stewart and Dr David Cushing examined the UK National Lottery to determine the minimum number of tickets...
UK service firms end 2023 on a high, says PMI survey
London: Britain’s services firms grew more strongly in December than initially thought and optimism hit a seven-month-high, according to a...
EU adds Russia’s biggest diamond producer Alrosa to sanctions list
Brussels: The European Union has added Russia's Alrosa (ALRS.MM), the world's biggest diamond producer, as well as its CEO Pavel...
Meloni sees Italy growing faster than EU partners this year
Rome: Prime Minister Giorgia Meloni said she sees scope for Italy’s economy to grow faster than the European Union average...
Italy December services PMI 49.8 vs 49.8 expected
Rome: Italian services activity marginally contracted again in December with output falling for a fifth straight month while the decline...
China temporarily reopens Khunjerab Pass to facilitate trade activities
Gwadar Pro Gilgit: The Chinese government has temporarily reopened the Khunjerab Pass, a crucial northern land route connecting China and...
Pakistan’s export of goods and services to China increase by of 39.44%: SBP
Islamabad: Pakistan’s export of goods and services to China witnessed an increase of 39.44 per cent during the first five...
Pakistani, Chinese teams discuss options to expand trade ties, explore new investment avenues
Islamabad: Pakistani and Chinese teams have discussed options to expand trade ties and explore new investment avenues. A high-profile business...
