Astana: 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 […]
Read MoreNewswire Sofia: The Bulgarian labour market is facing a shortage of workers ranging from 250,000 to 300,000, as asserted by the human resources expert Georgi Parvanov. Among these, 70,000 are attributed to the lack of seasonal workers, Schengen.News reports. Parvanov, who is a member of the executive committee of the Confederation of Employment, suggested that […]
Read MoreParis: France, Germany and Poland agreed this week to deepen defense cooperation ahead of a snap election that could see the far-right National Rally enter the French government. French Armed Forces Minister Sébastien Lecornu shared the stage with his German and Polish counterparts, Boris Pistorius and Wladyslaw Kosiniak-Kamysz, to make the announcements on joint exercises, […]
Read MoreCelina Ali Islamabad: Prime Minister Shehbaz Sharif said this week that his country will seek assistance from Chinese experts to establish a pilot facilitation center modeled after the one-stop shop in the southern Chinese city of Shenzhen, to promote a business and investor-friendly environment. Addressing a meeting to enhance business opportunities and facilitate the business […]
Read MoreCelina Ali Islamabad: Huawei Technologies Pakistan has successfully executed Huawei Tech connect 2024, said an official statement this week. This event was focused on bringing Digital Transformation to the SME sector of Pakistan, revolutionizing the way organizations operate with a steadfast approach towards improving the Information and communications technology (ICT) landscape of Pakistan. The cross-Industry […]
Read MoreAstana: Azerbaijan and Kazakhstan are in discussions to increase the transit of Kazakh oil through Azerbaijan, potentially raising the volume to between five and seven million tonnes per annum (mtpa). Zaur Gakhramanov, an adviser to the president of SOCAR, Azerbaijan’s state-owned oil business, confirmed the development. Kazakhstan is actively seeking to diversify its energy export […]
Read MoreXi’an: A train fully loaded with diverse goods departed from Xi’an, the capital city of northwest China’s Shaanxi Province this week, bound for Malaszewicze, Poland, marking a significant milestone as the total number of China-Europe freight train trips has surpassed 90,000. To date, China-Europe freight trains have transported more than 8.7 million twenty-foot equivalent unit […]
Read MoreNewswire Islamabad: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb was called on by Huawei Pakistan’s Chief Executive Officer Mr. Sun Xiaofei along with his senior management team at Finance Division this week. Mr. Xiaofei briefed the Finance Minister on the various digital and ICT initiatives of Huawei. He highlighted Huawei’s significant contribution to […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan, Marilina Armellin, this week emphasized the potential for enhanced cooperation between Italy and Pakistan, particularly in the textile, machinery, agriculture, and dairy sectors, during a meeting with Finance Minister Muhammad Aurangzeb. The Finance Minister welcomed the Italian Ambassador and highlighted the significant improvements in Pakistan’s economic landscape. He […]
Read MoreDing Gang A recent editorial in the Financial Times, titled “Time to get Europe back to work” highlights a daunting challenge the European economy faces: an increasing number of individuals opting to “lie flat.” This issue, however, is not unique to Europe; it is a common ailment of post-industrial societies. Even China, amid the transition […]
Read MoreOttawa: As the three-day SIAL Canada 2024 exhibition opened in Montreal this week, 10 Pakistani firms with over 20 participants are participating in the leading international food show showcasing the country’s rice, fruit, pink salt and food industry. SIAL Canada 2024 is the largest food exhibition which is the only event of its kind in […]
Read MoreGwadar Pro Islamabad: President of Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), Moazzam Ghurki has stated that the Pakistani fishing industry is immensely attractive to Chinese investors. China has a huge consumer market for aquatic products and is one of the largest buyers in Pakistan. The main aquatic categories of Pakistan’s exports to […]
Read MoreWang Xiaotong – China Economic Net Beijing: Pakistan’s Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal was on a three-day visit in Beijing last week. During the media interaction held in the Pakistani Embassy in China, he revealed that they are working with the Chinese counterparts to define parameters of China-Pakistan Economic Corridor […]
Read MoreCelina Ali Islamabad: Pakistan’s exports to European Union underwent a discernible downturn, marking a decline of 6.27 percent during the initial nine months of the ongoing fiscal year. Despite the coveted GSP+ status, which affords most Pakistani exports duty-free access to European markets, the allure of European destinations seemed to wane. The European Parliament’s unanimous […]
Read MoreGlobal Times According to multiple Western media outlets citing a “person familiar with the plan,” the US government is expected to announce as early as May 14 that it will increase the tariff on Chinese electric vehicles (EVs) from the current 25 percent to 100 percent, and impose new tariffs on other Chinese goods including […]
Read MoreNewswire 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 […]
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