Newswire 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 […]
Read MoreYifan Xu Beijing: An economist in the United States has expressed concern that the country will restrict trade with China in goods unrelated to national security, such as electric vehicles and batteries. “The US government should dramatically reduce the scope of Section 301 tariffs and carefully explain the rationale for any new national security trade […]
Read MoreNewswire Brussels: All 27 European Union countries have agreed on an additional 50-billion-euro ($54bn) aid package for Ukraine, despite threats from Hungary to veto the move. “We have a deal,” European Council President Charles Michel said in a post on X, just an hour into a special summit of EU leaders in Brussels. Michel said […]
Read MoreAthens: Greece and the United Arab Emirates (UAE) signed a memorandum of collaboration in Abu Dhabi this week for the promotion of investments in digital infrastructure in Greece. Signing the memorandum were Greek Digital Governance Minister Dimitris Papastergiou and UAE Investments Minister and CEO of ADQ, Mohamed Hassan Alsuwaidi. The memorandum specifically foresees the construction […]
Read MoreGwadar Pro Islamabad: The country’s leading broadband service provider Pakistan Telecommunication Company Limited (PTCL) in partnership with Huawei, a global leader in information and communication technology, this week completed the country’s first successful trial of 50G-PON technology, marking a historic stride towards the introduction of next-generation fiber-optic broadband services in Pakistan. This groundbreaking achievement is […]
Read MoreGwadar Pro Islamabad: China Southern Airlines, a flag carrier of China, will resume the Urumqi-Kashgar-Islamabad route on January 27. The resumption of service comes nearly 15 years after the route was suspended in July 2009. The flight for the Urumqi-Kashgar-Islamabad round trip, numbered CZ8019/20, is scheduled to be carried out every Saturday. The outbound flight […]
Read MoreCanberra: Pakistani High Commissioner to Australia Zahid Hafeez Chaudhri vowed to enhance export of Pakistani sports goods to Australia. “Had a very productive virtual meeting with the Chairman and Secretary General of Pakistan Sports Goods Manufacturers and Exporters Association (PSGMEA) Agreed on a roadmap to enhance export of Pakistani sports goods to Australia,” he posted […]
Read MoreNewswire Kathmandu: Nepal started the first batch of exports this week under transit deals with China, five months after the South Asian country shipped its first batch of imported goods via the northern neighbor. Instant noodles were set to be shipped to Japan via the Tianjin port in northern China. “The continuity of exports through […]
Read MoreGlobal Times According to foreign media reports, US chipmaker Nvidia plans to begin mass production in the second quarter of 2024 of an artificial intelligence (AI) chip it designed for China to comply with latest US export rules. The sources said that it was originally scheduled for launch last November but that plan was delayed […]
Read MoreIslamabad: Pakistan’s Ambassador to China, Khalil Hashmi, this week provided an extensive overview to Chinese groups and enterprises regarding trade and investment prospects across diverse sectors in Pakistan, including agriculture, energy, infrastructure, transportation, and logistics. Sharing insights from a highly fruitful roundtable session on trade and investment cooperation held in Chengdu, Sichuan province, Ambassador Hashmi […]
Read MoreCelina Ali Karachi: EU Ambassador Dr Riina Kionka emphasized this week that Pakistan should fully exploit the Generalized System of Preferences Plus (GSP Plus) status during a meeting organized by the Karachi Chamber of Commerce and Industry. Ambassador Kionka urged Pakistan to broaden its exports beyond textiles to the European Union, taking full advantage of […]
Read MoreXu Wei Beijing: China reaffirmed its commitment to building a stable, healthy and sustainable relationship with the United States this week, with its top diplomat calling on both sides to assume the vision and role befitting major countries to give the world “rock-solid certainty and positive energy”. Addressing a reception commemorating the 45th anniversary of […]
Read MoreJakarta: The Indonesian Government targets this year’s exports to China at around US$65 – 70 billion, said Director General of National Export Development at the country’s Ministry of Trade Didi Sumedi. He said that total exports to China during January-November 2023 stood at US$56.57 billion, and the whole year’s value is projected to reach some […]
Read MoreBrussels: Travellers are expected to pay higher tourism taxes to several European destinations in 2024 as national economies try to boost local economies and support sustainability. According to a 2020 report by Group NAO and GDS-Movement, more countries are imposing tourism taxes lately, especially in the US and Europe, SchengenVisaInfo.com reports. Guy Bigwood from the […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese has said that to strengthen their economic ties, Pakistan and Italy are eyeing an expansion of their bilateral trade and investment relations. Despite a current bilateral trade volume of approximately one billion euros, the envoy emphasized that this figure does not truly reflect the potential both […]
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