Growth in the UK’s economy has slowed in recent months, despite a pick-up in August, according to the Office for National Statistics (ONS). The strength of the economy affects things like pay increases for workers and the amount of tax the government can raise to pay for services. What is GDP and how is it […]
Read MoreChinese Premier Li Qiang attended the 23rd Meeting of the Council of Heads of Government of Member States of the SCO in Islamabad and paid an official visit to Pakistan from Monday to Thursday. The SCO heads of government meeting in Islamabad presented the opportunity to reflect on the significance of the SCO as a […]
Read MoreSofia: In a position to BTA, Blue Bulgaria Coalition’s top-of-the-list candidate in Haskovo (Southeastern Bulgaria) Tsveta Kirilova said that there is governance and communication chaos when it comes to the green transition. By now, Bulgaria should have thought about and found a solution for its national energy security and independence, she argued. “If not for […]
Read MoreNewswire Paris: The French government plans to subject the budget to a 60 billion euro belt-tightening effort next year to hit new fiscal targets aimed at reining in a spiralling deficit, officials said this week. Prime Minister Michel Barnier told lawmakers he would reduce the budget deficit – which is set to reach 6.1 per […]
Read MoreNewswire Beijing: China has suggested setting minimum prices for the electric vehicles (EVs) it ships to the European Union, a compromise bid to persuade the bloc to drop plans to impose 17-35.3% tariffs on Chinese EVs. The European Commission planned to vote on the proposed tariffs on September 25 but delayed it without explanation. Nikkei […]
Read MoreAndrey Kortunov Large-scale high-level events at the United Nations (UN) seldom generate immediate practical results dramatically shifting the course of international relations. As a rule, the result of such events, which take a lot of time and energy to put together, are very general and legally non-binding statements, short-term media splashes and criticism from frustrated […]
Read MoreDing Gang Washington seems to be on a stimulant called “contain China.” This stimulant has put the US government in a state of excitement, constantly rolling out restrictive policies against China. It has given Washington a temporary illusion of power, making it believe it can curb China’s advancement in the global market. While the US […]
Read MoreNewswire Brussels: The EU’s trade chief, Valdis Dombrovskis, said Thursday he had held “constructive” talks with China’s commerce minister, Wang Wentao, as Beijing seeks a deal with Brussels to avoid steep tariffs on imported electric vehicles. The meeting was held as divisions grow in Europe over the proposed tariffs, after Spain urged the EU last […]
Read MoreNewswire Sofia: The Bulgarian Agricultural Ministry this week joined forces with farmers in a quest to completely stop the flow of cheap Ukrainian eggs to the country. Overwhelming imports are believed to be the key factor preventing the industry from recovering after a devastating bird flu outbreak at the end of 2023. The Bulgarian government […]
Read MoreZhong Nan Beijing: China this week expressed its disappointment with the European Commission’s recent decisions regarding the EU’s anti-subsidy investigation into Chinese electric vehicles, stressing it will take all necessary measures to defend the interests of its businesses. On September 12, a spokesperson for the European Commission stated that the price commitment solutions submitted by […]
Read MoreChina Economic Net Beijing: International Innovation Park Limited EPZ and China National Cereals, Oils and Foodstuffs (COFCO) this week signed an agreement to cooperate in the agriculture sector worth more than $380 million on Saturday at the China International Fair for Trade in Services (CIFTIS) in Beijing. Pakistan’s Ambassador to China, Khalil Hashmi, Ghulam Qadir […]
Read MoreNewswire Sofia: Total revenue from tourist overnights in Bulgaria grew by an annual 15.4% to 524.6 million levs in July ($296.2 million/268.2 million euro), the statistical office said. Revenue from domestic tourists stood at 158 million levs, while foreign visitors generated revenue of 366.6 million levs, the National Statistical Institute (NSI) said in a regular […]
Read MoreCelina Ali Islamabad: The United States (US) and Pakistan this week pledged to continue to strengthen their longstanding partnership through innovative economic initiatives. The recently concluded Pakistan Investment Roadshow, organised by the United States Agency for International Development (USAID) under its Investment Promotion Activity, exemplified this collaboration by showcasing the potential of Pakistani firms to […]
Read MoreCanberra: Pakistani High Commissioner to Australia Zahid Hafeez Chaudhri this week visited Pakistan Pavilion at the Fine Food Australia. “Visited Pakistan ???? Pavilion at the Fine Food Australia. Glad to see great variety of quality food products from Pakistan. Australia is a great market for Pakistani food products,” the envoy said in a post on […]
Read MoreDing Gang In June of this year, Kenya experienced protests primarily targeting the government’s proposed policy to increase taxes. When analyzing the causes, Western media largely focused on Kenya’s foreign debt issue, with some even linking it to the country’s debt to China. Kenya’s foreign debt amounts to $82 billion, but only about $8 billion […]
Read MoreCelina Ali Islamabad: A Danish multinational firm, FLSmidth, this week expressed its interest in investing in Pakistan’s mining industry. FLSmidth, which provides the global mining and cement industries with equipment and services, expressed interest during a meeting of a Danish business group, led by Denmark’s Ambassador Jakob Linulf, with Pakistani ministers for finance, commerce, petroleum, […]
Read MoreGwadar Pro Shantou: Under the chairmanship of Mr. Muhammad Imran, Trade and Investment Counselor of the Consulate General of Pakistan in Guangzhou, a video conference was held between Mr. Chen Liangqq, Executive Vice President of the Chenghai Toy Association, Ms. Chen Qichun, Deputy Director of the Organizing Committee of the 23rd Toy Expo, and Mr. […]
Read MoreParis: France and Serbia have signed a $3bn agreement for the sale of 12 French-made Rafale fighter jets, as European countries try to coax Serbia away from close ties with Russia. The landmark sale, signed by Serb Defence Minister Bratislav Gasic and Dassault Aviation CEO Eric Trappier on Thursday, comes as French President Emmanuel Macron […]
Read MoreNewswire Islamabad: A group representing Chinese companies this week said the European Commission’s plan to slap import duties of up to 36 percent on Chinese electric cars was “unfair” and would worsen trade tensions. The Chinese Chamber of Commerce to the EU (CCCEU) “expresses its strong dissatisfaction and firm opposition to the EC’s protectionist approach,” […]
Read MoreSofia: In the next 20 years, nearly half of Bulgaria’s workforce is expected to be over the age of 55, reflecting a significant aging trend in the country. A study by the Bulgarian Chamber of Commerce (BCC) reveals that if this trend continues, the proportion of older workers could reach 48 percent, with two-thirds of […]
Read MoreNewswire Beijing: The China Chamber of Commerce for Import and Export of Machinery and Electronic Products this week said that by imposing anti-subsidy duties on Chinese electric vehicles (EVs), the European Union (EU) could lose Chinese investment in Europe. Chinese enterprises expressed grave concerns over reports that the EU’s identification of Chinese EVs as “subsidized” […]
Read MoreCopenhagen: As of August 2024, Denmark, nestled on the Jutland Peninsula and surrounded by an archipelago of over 400 islands, remains a country of diverse landscapes and rich cultural heritage. The peninsula, Jutland, constitutes more than two-thirds of the country’s total land area. At its northern tip lies the island of Vendsyssel-Thy, separated from the […]
Read MoreNewswire Beijing: China will move faster to improve its central bank system and promote high-quality financial development, the country’s central bank governor has said. China will concentrate on improving the twin-pillar regulatory framework of both monetary and macro-prudential policies to maintain the stability of both currency value and the country’s financial system, Pan Gongsheng, governor […]
Read MoreNewswire Lisbon: Foreigners’ interest in obtaining a Portugal Schengen visa continues to remain high despite the summer season coming to an end soon. According to data from Google Trends, searches worldwide for a Portugal Schengen visa are currently up 90 per cent. Even though not everyone who searches for a Portugal visa applies for the […]
Read MoreCelina Ali Islamabad: The US government has cleared the potential sale of six General Atomics Aeronautical Systems (GA-ASI) MQ-9 Block 5 Reaper unmanned air vehicles to Italy. The possible package is valued a $738 million, says the US Defense Security Cooperation Agency (DSCA). Included in the package are three ground control stations, sensors, communications equipment, […]
Read MoreLiu Yang and Chi Jingyi Beining: China this week initiated dispute settlement proceedings against the EU’s provisional anti-subsidy measures against Chinese electric vehicles (EVs) at the WTO to safeguard the interests of its EV industry’s development and global green transition cooperation, China’s Ministry of Commerce (MOFCOM) said. Experts said that the move suggests that China […]
Read MoreCelina Ali Islamabad: In a major upcoming economic development for Pakistan, Denmark’s Maersk Shipping Line will invest $2 billion over the next two years in the infrastructure of ports, terminals, dredging, transshipment, and road construction. This announcement was made this week by the Federal Minister for Naval Affairs Qaiser Ahmed Sheikh while briefing journalists in […]
Read MoreTokyo: Japan’s state debt swelled to a record 1,311.04 trillion yen ($9 trillion) as of the end of June, topping the 1,300 trillion yen mark for the first time ever, government data showed this week, underscoring its dire fiscal health. The debt increased by 13.88 trillion yen from three months earlier, as Japan has had […]
Read MoreParis: France remained Europe’s top physical net power exporter in the first half of the year at 40.8 TWh – a 31% jump from the second half of 2023, a Montel Analytics report showed this week. The surge was due to increased nuclear output, a surplus of hydropower generation and persistently low demand, despite French […]
Read MoreMia Shah – Gwadar Pro Beijing: Pakistan and China are forging joint ventures expected to propel Pakistan’s leather industry to new heights. These collaborations involve setting up manufacturing plants, tanneries, and R&D centers dedicated to leather product innovation, according to Khalid Waleed, advisor to the Pakistan Tanners Association. In June, the Association of Guangdong Shoe […]
Read MoreGwadar Pro Islamabad: Pakistan’s exports of goods and services to China witnessed an increase of 33.67 percent during the twelve months of the fiscal year (2023-24) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) reported this week. The overall exports to China were recorded at $2.707 […]
Read MoreCelina Ali Islamabad: Pakistan and France this week affirmed their commitment to deepen economic relations, exploring investment opportunities, and expanding bilateral trade. This commitment was expressed during a meeting between Minister of State for Finance Ali Pervaiz Malik and French Ambassador Nicolas Galey in Islamabad. Ali Pervaiz Malik provided an overview of Pakistan’s economic progress, […]
Read MoreGlobal Times This year marks the 20th anniversary of the comprehensive strategic partnership between China and Italy, as well as the 700th anniversary of Marco Polo’s death. Both sides should view and develop bilateral relations from a historical dimension, facing important opportunities for mutual development. On the afternoon of July 29, Chinese President Xi Jinping […]
Read MoreGlobal Times Beijing: The US should immediately correct its wrongdoings, stop deceiving the world with lies, cease slandering and smearing other countries, Chinese Foreign Ministry spokesperson Lin Jian said this week commenting on the report of US Marine Corps’ release of official doctrine on how it employs deception. The US should provide an explanation to […]
Read MoreNewswire Lisbon: A new penny will be distributed throughout Portugal from Wednesday that depicts the legendary hero Ulysses, designed by artist Gonçalo Viana. With a face value of €5, the coin is only valid in Portugal, and will be distributed to the public through credit institutions, the Banco de Portugal’s cash offices and the shops […]
Read MoreNewswire Athens: Island-hopping in Greece this summer just got a little easier. Hoper, the first helicopter airline in Greece offering scheduled flights, is now selling tickets to 11 destinations, including harder-to-reach spots such as Antiparos, Folegandros, Ios, Kea, Patmos, Sifnos and Spetses. All connect to either Athens, Santorini or Mykonos, which serve as the carrier’s […]
Read MoreKrassen Nikolov Sofia: Bulgaria has lost €0.7 billion this year alone – including €423 million in direct losses and €225 million in lost benefits – as a result of not being fully admitted to the Schengen area, said caretaker Economy Minister Petko Nikolov. Bulgaria, along with Romania became Schengen Area members at the end of […]
Read MoreAstana: Kazakhstan has introduced a new Mineral Extraction Tax (MET) for uranium, with rates significantly increasing from 2026 onwards. The new tax structure is expected to discourage uranium production growth in Kazakhstan, the world’s largest uranium producer. Analysts predict that the reduced supply incentive, coupled with increasing uncertainty, could drive uranium prices higher. Uranium mining […]
Read MoreNewswire Tokyo: Japan, known for its exacting service standards, is now taking a stronger stance against a growing scourge of customer harassment to protect its legions of service workers from abuse. On July 9, Takashimaya became the first major department store to announce measures against such harassment – kasuhara in Japanese. It warned that it […]
Read MoreLiaquat Ali Peshawar: Indonesian diplomats this week invited Khyber Pakhtunkhwa businessmen to make investments in their country and offered multiple facilities along with a five-year tax holiday. Rahmat Hindiarta Kusuma, chargé d’affaires, and Axelsyah R Miraza, economic attaché and M Syofiyan Sur of the embassy of Republic of Indonesia made the offer during a visit […]
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