Zhong 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 […]
Read MoreNewswire Brussels: The EU Commission expects a decrease in rapeseed harvests in Romania, Germany, Poland and the Czech Republic in 2024 compared to the previous year. Freezing temperatures earlier in the year and abundant rainfall have fuelled concerns over this year’s rapeseed harvest in many parts of the EU-27. There are fears of considerable declines […]
Read MoreNewswire Athens: Greece is grappling with a severe shortage of agricultural workers, prompting urgent calls from exporters to relax entry requirements for hiring foreign labourers. The deficit, estimated at 180,000 workers, has left swathes of land uncultivated and crops unharvested, dealing a significant blow to farmers and the economy, reported Schengen.News. The National Interprofessional Organization […]
Read MoreHefei: The man who spearheaded China’s electric car strategy said Wednesday that Chinese investment in the European electric vehicles industry could be a way forward for both sides amid trade tensions. “I believe the governments [of China and the European Union] are now considering how, through negotiations, they can combine investment together with commodity trade,” […]
Read MoreRudy Ruitenberg Paris: Denmark plans to bring home its six F-35 Joint Strike Fighters currently being used to train pilots in the US as the delivery schedule for an upgraded version of the aircraft continues to slip. The six Danish F-35 jets in TR-2 configuration stationed at Luke Air Force Base in Arizona will be […]
Read MoreNewswire Lisbon: The Portuguese Air Force this week received its second KC-390 multi-mission aircraft from aerospace giant Embraer. The new aircraft follows the delivery of its sister plane last year under a five-unit 2019 deal, signed to bolster the air force’s transport and cargo capabilities. Embraer’s eighth global C-390 craft is fitted with standard NATO […]
Read MoreTokyo: Along with having the world’s cleanest airport, Japan continues to maintain its high standards in the airline industry with two of the country’s major carriers ranked as some of the best internationally. This year’s World Airline Awards by Skytrax just named two Japanese carriers in the world’s top ten airlines list: All Nippon Airways […]
Read MoreCovert Report Milan : Italy is asking Google to pay 1 billion euros ($1.07 billion) in unpaid taxes and penalties, three sources with direct knowledge of the matter said on Friday, seven years after the US company settled a landmark tax dispute with Rome authorities. “We comply with tax regulations in all countries where we […]
Read MoreCelina Ali Islamabad: Pakistan’s Ambassador to France Asim Iftikhar Ahmad this week attended a Memorandum of Understanding (MoU) signing ceremony between Business Forum and International Business & Professional Corporation aimed at boosting commerce and trade activities and promoting ‘Made in Pakistan’ Products in France. Participants appreciated the working of Special Investment Facilitation Council (SIFC), which […]
Read MoreNewswire Brussels: The Commission welcomes the Council’s adoption of a 14th package of sanctions against Russia. The new package responds to the needs and findings on the ground, and tackles enforcement issues. As the Russian aggression against Ukraine continues, the EU remains determined to keep acting to further reduce Russia’s sources of revenue and capacity […]
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