UK recession risk deepens but consumers stay unfazed
London: Britain's economy displayed clear recession signals on Friday, a day after the Bank of England called a halt to...
Business
Citi warns UK staff of cuts as hundreds of roles could be affected
London: Citigroup (C.N) has warned U.K-based employees of the likelihood of redundancies as the lender pushes ahead with a sweeping...
Italy sees 2023 budget deficit overshoot at around 5.5% of GDP, sources say
Rome: Italy sees its 2023 budget deficit overshooting at around 5.5% of gross domestic product (GDP) from the current 4.5%...
China commitment to channeling more investments through SIFC: Chinese envoy
Islamabad: Chinese Ambassador to Pakistan Jiang Zaidong on Wednesday afternoon paid a visit to the Special Investment Facilitation Council (SIFC)...
EU Energy Platform: Commission launches third round of demand pooling for joint gas purchases
Brussels: The Commission Thursday is launching the third opportunity for European companies to register their gas purchase needs via the...
Italy: Sardinia to fight depopulation by importing shepherds from Kyrgyzstan
Rome: The local branch of the national farmers' union, Coldiretti, struck a deal with Kyrgyzstan authorities to send about a...
Pakistani enterprises eyes potential in aquaculture cooperation with China
China Economic Net Beijing: More and more Pakistani aquatic product exporters enjoy zero tariffs and become aware of the details...
Pakistan, UK agree to enhance collaboration in health sector
Celina Ali Islamabad: British High Commissioner to Pakistan Jane Marriott called on Caretaker Minister for Health Dr Nadeem Jan on...
UK inflation to be highest among big economies in 2023: OECD
London: Britain remains on course to have the highest inflation of leading rich economies in 2023, according to Organisation for...
Google launches last-ditch effort to overturn $2.6 bln EU antitrust fine
Luxembourg: Alphabet's (GOOGL.O) Google on Tuesday made a last-ditch effort at Europe's top court to overturn a 2.42 billion euro...
LuLu Group opens food processing and export hub in Italy
Rome: To further boost its sourcing operations and to bring in high-quality products for its large chain of hypermarkets, Abu...
20th China-ASEAN Expo commences in Nanning, China
Beijing: The 20th China-ASEAN Expo commenced in Nanning, the capital of south China’s Guangxi Zhuang Autonomous Region on Saturday. The...
China and EU hold talks on AI, cross-border data flow
Beijing: China and the European Union held talks on topics including artificial intelligence and cross-border data flows on Monday in...
NUTECH, Finland TVET System joint venture celebrated
Liaquat Ai Islamabad: The graduation ceremony of the 2nd batch of Hospitality Operation and Management program conducted at NUTECH on...
China’s upbeat economic prospects underpin yuan’s long-term strength
Beijing: Despite short-term fluctuations, the Chinese yuan has been able to maintain its basic stability in the longer term, thanks...
Are UK university vice-chancellors really worth their pay?
London: European higher education leaders, such as university presidents and rectors, often earn a fraction of the generous salaries enjoyed...
Chinese Xinjian Jingyi Cheng Group to establish electric vehicle manufacturing plant, showrooms in Pakistan
Islamabad: The Chinese car manufacturing Xinjian Jingyi Cheng Group has announced plan to establish an electric vehicle manufacturing plant in...
PM warns crackdown on ‘smuggling industry’ as Torkham border reopens after 9 days
Celina Ali Islamabad: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday warned a consistent crackdown against illegal trade and said an...
UK: New visa fees set to come into effect next month
London: Increases to immigration and nationality fees to pay for vital services and allow more funding to be prioritised for...
EU regulator slaps TikTok with $368m fine for violating privacy laws
Brussels: The European Union’s lead regulator has slapped TikTok with a 345 million euro ($368m) fine for breaching laws on...
US reaffirms commitment to green shipping
Liaquat Ali Karachi: The United States reaffirmed its commitment to partnering with the Government of Pakistan and the port and...
Promotion of trade ties with Belgium stressed
Celina Ali Islamabad: President Pakistan-Belgium-Luxembourg Business Forum Mohammad A. Rajpar called on Ambassador of Pakistan to Belgium, Luxembourg and the...
EU launches probe into Chinese subsidies for electric vehicles
Brussels: The European Union has opened a probe into China’s subsidies for electric vehicle makers, amid concerns the payments are...
Italy committed to fund fighter jet programme with UK, Japan
London: Italy was committed to fund its share of the Italian-Anglo-Japanese fighter jet programme for 15 years, long enough for...
Ambassador Jakob Linulf meets Energy Minister to discuss cooperation
Celina Ali Islamabad: Ambassador of Denmark Jakob Linulf held a meeting with Minister of Energy Muhammed Ali Thursday at Power...
Sterling dips as UK economy shrinks more than expected
London: The pound weakened against the dollar on Wednesday after Britain's economy contracted at its sharpest rate in seven months...
China emerges as key investor in Pakistan’s digital sector
Beijing: “China has emerged as a key investor in Pakistan’s digital sector, with numerous successful collaborations and partnerships contributing to...
Chinese economy remains strong, resilient: Mao Ning
Beijing: The Chinese economy remains strong and resilient, with ample potential and vitality, and the fact that the fundamentals sustaining...
Is the UK still a hotbed for fintech innovation?
London: In early 2021, then Chancellor of the Exchequer, Rishi Sunak, announced a plan to supercharge fintech within the UK....
Italy, EU clash over ITA-Lufthansa case
Brussels: Lufthansa is to acquire a 41% stake in ITA Airways for an investment of €325 million, with an option...
