Pakistan surplus in trade with Italy surges 97%
Islamabad: Pakistan’s goods and services trade with Italy recorded a surplus of 97.11% during fiscal year 2022-23 as compared to...
Business
New center on UAV industry launched in Beijing to boost int’l cooperation
China Economic Net Beijing: The launching ceremony of Economic and Commercial Counselors Alliance in China (ECCAC) UAV Industry International Cooperation...
UK inflation slows to 6.8% but services are getting even more expensive
London: UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices...
UK: Free access to cash protected
London: The vast majority of people and businesses are set to be no further than three miles away from withdrawing...
EU reaches 90% gas storage target ahead of winter
Brussels: The EU has reached its target of filling gas storage facilities to 90% of capacity roughly 2½ months ahead...
EU chemicals trade balance improved in H1 but activity subdued
London: The EU chemicals trade balance has continued to improve month to month in 2023 although it remains subdued compared...
EU redirects €135m from Russia to Ukraine
Brussels: The European Commission has redirected €135 million earmarked for EU regional cooperation with Russia and Belarus to programmes with...
UK launches £1 billion fintech fund to compete with Silicon Valley
London: A new U.K. investment fund with up to £1 billion ($1.27 billion) in capital raised has been launched to...
TerraPay expands operations in Italy
Rome: Global payments infrastructure company TerraPay has announced it has secured an Electronic Money Institution (EMI) license to operate in...
Italy offers support to resolve Gotthard tunnel problems
Rome: The Italian government has pledged to help resolve problems in the Gotthard tunnel following last Thursday's derailment of a...
Caretaker PM terms increase in foreign investment as govt’s foremost priority
Celina Ali Islamabad: Caretaker Prime Minister Anwaar-ul-Haq Kakar has expressed the resolve to take necessary steps to increase foreign investment...
UK wages grow at a record pace, nearing the inflation rate
London: Wages in the United Kingdom grew 7.8% in the three months to June, the fastest annual rate since records...
UK: New building requirements for separate male and female toilets
London: The government announced Monday it is acting to bring forward changes to regulations that will mean all new non-domestic...
UK watchdog kicks off ‘politically-exposed persons’ review
London: Britain's Financial Conduct Authority said on Monday it will ask lawmakers to report any problems they have opening or...
Exporters from Morocco unable to participate in EU tradeshows due to visa issues
Brussels: Exporters from Morocco who need a Schengen visa in order to be able to enter the bloc have expressed...
EU ice cream production grew by 5% in 2022
Brussels: In 2022, the EU produced 3.2 billion litres of ice cream, marking a 5% increase from the previous year....
Italy: Meloni defends windfall tax move against banks
Rome: Italy’s prime minister, Giorgia Meloni, has doubled down on a shock decision to introduce a 40% windfall tax on...
Italy: Mount Etna eruption forces closure of Sicily airport
Rome: The airport at Catania in Sicily, a top Italian tourist destination, has halted all flights after a new eruption...
Chinese companies want to import meat, chili, other products from Pakistan: Ghulam Qadir
Beijing: Many Chinese enterprises want to import meat, chili and other products from Pakistan and are ready to set up...
China’s Huawei announce 2023 H1 business results
Beijing: China’s telecommunication giant Huawei announced its business results for the first half of 2023 in Shenzhen, China on Friday....
China resumes outbound group tours to Pakistan
China Economic Net Beijing: China’s Ministry of Culture and Tourism announced that China will resume outbound group tours for Chinese...
Iran can cooperate with Pakistan and China in many sectors: Iranian Consul General
Lahore: Iran can cooperate with Pakistan and China in many sectors including energy, infrastructure projects, and many other fields by...
UK renewable energy investment lagging behind rest of world, data shows
London: The UK’s investment in renewable energy has lagged significantly behind the rest of the world in recent years, according...
UK set to do more with Malaysia on trade: New UK envoy
London: British High Commissioner-designate to Malaysia Ailsa Terry arrives excited about the ever-growing UK-Malaysia relationship. In particular, she hopes to...
EU can fight Big Oil’s lawfare by ending the money train
Brussels: By suing governments due to climate action, fossil fuel firms are biting the hand that feeds them. There’s a...
EU delivers Ukraine 224,000 shells under ammo plan
Brussels: The EU has delivered Ukraine 223,800 shells under the first part of a plan to provide a million artillery...
Italy signs preliminary deal with KKR to take up to 20% of TIM’s grid
Milan: The Italian government could end up with a stake of as much as 20% in Telecom Italia's landline grid...
GDI delegation meets Chinese envoy, discuss cooperation
Islamabad: The newly appointed Global Development Initiative (GDI) Parliamentarian group, a sub-group of the National Taskforce on Sustainable Development Goals...
UK considers response to US ban on tech investments in China
London: Britain said on Thursday it was weighing how to respond to a decision by U.S. President Joe Biden to...
UK retailer Wilko collapses, putting 12,000 jobs at risk
London: British household goods discount retailer Wilko said it had fallen into administration on Thursday, putting its 400 stores and...
