Newswire Athens: On the southern coastline of Greece’s capital, a long-awaited plan to transform the city’s former airport into the largest smart city in Europe is finally gaining momentum. After a decade of delays, a vision of the Ellinikon is emerging. The Marina Tower, soon to be Greece’s first skyscraper, is beginning to rise. Iron […]
Read MoreRome: Giorgia Meloni’s party is proposing a tweak in the country’s constitution that would complicate adoption of the colour-coded front-of-packet labelling in Italy – and Europe. The Italian government is proposing an amendment to its constitution that would stymie introduction of the EU-backed Nutri-Score system in the mediterranean state, Euronews reported. Italy has long been […]
Read MoreGwadar Pro Islamabad: Pakistan this week acknowledged that an influx of approximately USD 25 billion of Chinese investment under the China-Pakistan Economic Corridor (CPEC) between 2013 and 2018 put several Pakistani sectors on the highway of prosperity. The observation was made during a high-level meeting here chaired by Planning Minister Ahsan Iqbal. The event served […]
Read MoreCelina Ali Islamabad: Ambassador of Italy Marilina Armellin has expressed her appreciation at the pace and output of Olive Culture Project with the close cooperation of the Ministry of National Food Security and Research. She expressed these views at the recent Steering Committee meeting for the “Olive Culture – Holistic and Multi Professional Mechanism for […]
Read MoreCelina Ali On 24 April, EU and Member States representatives, and young people who were born in 2004, celebrated 20 years of EU enlargement. President von der Leyen highlighted the many benefits that EU membership brought to the then-new Member States, while also underlining the many advantages that the Union itself drew from this enlargement. […]
Read MoreGlobal Times US Treasury Secretary Janet Yellen recently reiterated in an interview the “overcapacity” in China, claiming that the so-called overcapacity in China is not only a problem faced by the US, but also by Europe, Japan, India and Mexico. This kind of rhetoric has been popular in the US for some time, with American […]
Read MoreMariko Oi Tokyo: In a country that is known to be obsessed with perfection, damaged or misshapen vegetables and fruits are hard to sell. And if you are a specialist maker of Japanese dumplings, like the brand Osaka Ohsho, then selling a packet of gyoza with some damaged is a big no-no. But as demand […]
Read MoreDing Gang Strolling along the banks of the Suzhou River in Shanghai, I felt the city’s pulse. It had been over a decade since my last visit here. The recently popular TV drama Blossoms Shanghai has reminded the Chinese people of the era during which China rose rapidly, depicting how ordinary Chinese people made their […]
Read MoreGwadar Pro Lahore: Pakistan Hitech Hybrid Seed Association (PHHSA) Chairman Shahzad Ali Malik this week highlighted China’s pivotal role in replicating the decades-long highly successful experience of hybrid rice in Pakistan. He emphasized the immense potential of hybrid seeds in achieving import substitution and fostering surplus production for export in various crops, including cotton, wheat, […]
Read MoreDing Gang What is overproduction? Who should determine the surplus of a commodity on the international market? As US Treasury Secretary Janet Yellen has left Beijing, she leaves behind the above two questions that linger in the future of the two country’s trade relations and pose a significant challenge to the order of the international […]
Read MoreWang Cong and Chi Jingyi Beining: Chinese Premier Li Qiang this week met with US Treasury Secretary Janet Yellen in Beijing, where he urged the US to work with China to adhere to the basic norms of the market economy of fair competition and open cooperation, and refrain from politicizing or overstretching the concept of […]
Read MoreGwadar Pro Islamabad: Pakistan’s export of goods and services to China witnessed an increase of 42.02% during the first eight months of the current fiscal year (2023-24) as compared to the exports of the corresponding period of last year, State Bank of Pakistan (SBP) announced on Tuesday afternoon. The overall exports to China were recorded […]
Read MoreGwadar Pro Islamabad: In a significant move towards financial digitization in Pakistan, Zindigi, powered by JS Bank, has entered a strategic partnership with Zong, the China-based leading telecommunications provider in Pakistan. This collaboration aims to provide seamless and innovative digital financial solutions, reinforcing the shared vision of both entities to drive financial inclusivity and digital […]
Read MoreNewswire Brussels: The European Union’s antitrust regulators have announced the termination of a two-year-long investigation into a group of fashion designers, citing “priority reasons,” the European Commission revealed this week. The competition watchdog had initiated the investigation in May 2022, conducting raids on several fashion companies amid concerns of potential participation in a cartel to […]
Read MoreNewswire Rome: Italy’s government expects debt this year to “surely” stay below 140% of gross domestic product. Speaking to reporters on the sidelines of the Ambrosetti Workshop in Cernobbio, Italy, Finance Ministry undersecretary Federico Freni said the country’s expected growth will be “around 1%” in 2024. Last Friday, the Bank of Italy said the country’s […]
Read MoreParis: Power from the French plants will be exported to neighbouring countries, so France believes those countries should help pay help pay for their construction. According to NZZ am Sonntag, this idea was mooted by French foreign ministry officials during a press briefing with European journalists at the end of March. “France considers it opportune […]
Read MorePaulo Lopes Lisbon: Normally I don’t dare to write about politics, but as I look to the future of my country it is up to me to give myself some impetus, to show what I think should be one of the main goals and challenges of the new rulers. Because as we look to Portugal’s […]
Read MoreGwadar Pro Lahore: Punjab Chief Minister Maryam Nawaz this week ordered policy formulation to export buffalo meat and milk to China. In a meeting on the Livestock Department, the CM reviewed the livestock related measures. The CM stressed that only vaccinated and tagged cattle would be brought to cattle markets and slaughterhouses, adding that authentic […]
Read MoreLahore: Punjab Provincial Minister of Industry and Commerce Chaudhry Shafay Hussain visited Raya Golf and Country Club Defence this week and attended the launching ceremony of a new solar product by the Chinese company Huawei as a special guest. Alongside officials from the Chinese company, the provincial minister jointly launched the new solar product. The […]
Read MoreNewswire Islamabad: The Competition Commission of Pakistan (CCP) is preparing to put in place a comprehensive legal and regulatory framework, said an official announcement. The CCP said China had made significant investments in Pakistan through the China-Pakistan Economic Corridor (CPEC) and various Chinese companies operating in the country. “This investment is expected to increase manifold […]
Read MoreRome: Italy’s inflation rate rose to 1.3% in March compared to a year ago, albeit at a slower pace than anticipated. There’s perhaps no better example of a ‘soft landing’ than the current state of the Italian economy. While Italy’s economic activity has significantly decelerated from the elevated post-pandemic growth rates observed in 2021 and […]
Read MoreBrussels: Ambassador of Pakistan to European Union, Belgium and Luxembourg Amna Baloch this week said that there were numerous trade and investment opportunities available to foreign firms in Pakistan’s multiple sectors. The ambassador, addressing a webinar on opportunities in Pakistan’s textile sector, emphasized the government’s commitment to facilitating them through the Special Investment Facilitation Council […]
Read MoreRudy Ruitenberg ParisL: The French government this week threatened local defense firms with measures including requisitioning and order prioritization to accelerate the production of missiles and artillery shells. Armed Forces Minister Sébastien Lecornu said he may force firms to put defense orders before civilian ones in coming weeks if manufacturing doesn’t speed up, especially for […]
Read MoreChina Economic Net Wuhan: The 2024 Cherry Blossom Viewing: Business Cooperation & Fortune Global 500 with Hubei, a talk platform, held a series of activities this week in Wuhan, central China’s Hubei Province, with an eye on international cooperation between European enterprises and Hubei. More than 600 attendees, including diplomatic envoys, representatives of domestic and […]
Read MoreNewswire Islamabad: Pakistan’s exports to European countries have begun to dip in the current fiscal year despite a GSP+ status that allows duty-free entrance into European markets for the majority of its products. In absolute terms, Pakistan’s exports to European countries dipped year-on-year by 6.89 per cent in the first eight months of the current […]
Read MoreAbdullah Jan Islamabad: Pakistan People’s Party (PPP) leader Umar Rehman Malik said this week that Pakistan and China share a long and storied friendship. “The PPP starting with #SZAB (Zulfikar Ali Bhutto) has been at the forefront of fostering and further strengthening this relationship,” he said. Umar Rehman Malik added: “Asif Ali Zardari who conceived […]
Read MoreAstana: Kazakhstan Railways is bolstering its presence in both China and Russia to cement the Central Asian state’s role as a hub for both Europe- and Russia-bound freight rail traffic originating in East Asia. Kazakh President Kassym-Jomart Tokayev, speaking via video link, inaugurated a Kazakhstan Railways (KTZ) logistics and innovation center in the central Chinese […]
Read MoreCelina Ali Islamabad: The 4th Steering Committee meeting for the “OliveCulture – Holistic and Multiprofessional Mechanism for a Pakistani Olive Oil Value Chain” Project convened this week in Islamabad, marking another significant step towards enhancing Pakistan’s olive sector. Chaired by Muhammad Asif, Federal Secretary of the Ministry of National Food Security & Research, Government of […]
Read MoreKyiv: Ukraine will receive €6 billion from the European Union via its four-year Ukraine facility in the next two months, Prime Minister Denys Shmyhal said this week. The government expects to receive €4.5 billion in March and another €1.5 billion in April, Shmyhal told a government meeting. “This year, we aim to receive about €16 […]
Read MoreNewswire Venice: A new luxury train route from Paris to Portofino on Italy’s Ligurian coast will become a reality this summer courtesy of the Venice Simplon-Orient-Express. The three-night experience includes one night on board the iconic train followed by a two-night stay at the five-star Splendido, A Belmond Hotel, overlooking the Gulf of Tigullio in […]
Read MoreHu Xijin According to the Wall Street Journal on March 9, former Activision CEO Bobby Kotick approached ByteDance to express interest to buy TikTok and floated the idea of partnering with CEO of OpenAI Sam Altman and others. ByteDance responded on Sunday stating that this report is not true. ByteDance cannot back down this time; […]
Read MoreFaisalabad: Pakistan is expecting a bumper yield of cotton crops this year with the help of China, a senior official said. Deputy Director (DD) Agriculture (Extension) Chaudhry Khalid Mehmood said that the early cultivation of cotton crops would give bumper yield and play a pivotal role to stabilize the national economy. Addressing a farmers’ day […]
Read MoreCelina Ali Islamabad: The team from Abbottabad this week won the National Final Award for Young Entrepreneurs (NFTE) with their business idea of making printed materials accessible to the visually impaired. Prince’s Trust International’s global research into the future of work showed that a quarter of young people in Pakistan are interested in entrepreneurship for […]
Read MoreBrussels: The European Union needs to invest an “enormous amount of money in a relatively short time” to deal with the deep challenges the bloc is facing, former European Central Bank President Mario Draghi said this week. Draghi, who has been tasked with producing a high-level report on the EU’s competitiveness, met with EU ministers […]
Read MoreDing Gang There is a popular term in China called “Zhuangshan”, which means that someone else is wearing the same clothes as you. If you see the videos of Chinese New Year, tens of thousands of Chinese people are celebrating together, but very few of them dress the same. When the American table tennis team […]
Read MoreNewswire Islamabad: Chinese giant Zong 4G and Batik this week signed a formal agreement encompassing GSM Connectivity, Attendance Management Solutions, and Push to Talk devices for their dispersed workforce stationed throughout Pakistan. Batik Clothing is a renowned Pakistani clothing brand with a presence in seven major cities of Pakistan, said a news release. The brand […]
Read MoreYu Ning You may not believe this, but during the Spring Festival holidays, the first meal I craved upon returning to my hometown was not a homemade meal cooked by my parents, but the Zibo barbecue. Yes, my hometown is Zibo, located in East China’s Shandong Province. Just last year, the city was transformed from […]
Read MoreGwadar Pro Quetta: Balochistan Caretaker Chief Minister Mir Ali Mardan Khan Domki inaugurated the China-funded mega solarization project this week, aimed at converting various public department buildings, including educational institutions, healthcare facilities, and civic departments, to renewable energy sources. The China-funded project will provide clean, affordable, and uninterrupted power supply to the government departments. With […]
Read MoreNewswire Islamabad:With a total of 19 enterprises, the Pakistani exhibitors show a substantial presence and impact at the internationally acclaimed trendsetting innovative ‘Texworld Evolution Paris’. The three-day exhibition that opened on February 5 with over 1300 companies from around the globe catering tofuture vogue and sourcing requirements remained the central attraction for global fashion and […]
Read MoreTokyo: More than 80 percent of major firms saw male employees take child-care leave of less than three months over the past year while female employees got longer leave times, a recent Kyodo News survey showed, underscoring the dominant role women continue to play in child-rearing in Japan. In the survey that covered 113 companies […]
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