Newswire Brussels: The European Commission has approved Italy’s EUR 1.7 billion state aid mechanism for supporting agrivoltaic installations. The measure, under the Recovery and Resilience Facility, is part of the country’s strategy to reduce greenhouse gas emissions and increase its renewable energy share. Agrivoltaic or agrisolar systems combine solar panel installations and agricultural activities in […]
Read MoreAbdullah Jan Islamabad: The Ambassador of Nepal to Pakistan, Tapas Adhikari, visited the Haripur Chamber of Commerce and Industry (HCCI) in Haripur, Khyber Pakhtunkhwa this week and met Muhammad Tayyab Khan Swati, the President and other office bearers of the HCCI. On the occasion, the Nepali envoy also had a long interactive discussion with the […]
Read MoreNewswire Islamabad: Moody’s this week left Italy’s sovereign debt rating at Baa3, one notch above junk, but upgraded the outlook to stable from negative, in an unexpected boost for Prime Minister Giorgia Meloni’s government. Most analysts had expected the agency to leave both Italy’s rating and outlook unchanged. Moody’s had put the euro zone’s third-largest […]
Read MoreGlobal Times Beijing: In the upcoming winter-spring flight season, the number of China-US direct regular passenger flights is expected to increase from the current 48 (24 round trips) per week to 70 per week, offering a boost for the exchange of personnel and trade between the two countries, CAAC News reported, citing the Civil Aviation […]
Read MoreCelina Ali Islamabad: Ambassador Yerzhan Kistafin of Kazakhstan to Pakistan said this week that the bilateral trade between Kazakhstan and Pakistan continues to witness steady and robust expansion each year. “Interaction between Kazakhstan and Pakistan in the scientific and educational spheres is intensifying, coupled with an increase in the number of Pakistani students attending universities […]
Read MoreCelina Ali Islamabad: Jemal Beker Abdula, Ambassador Extraordinary and Plenipotentiary of the Federal Democratic Republic of Ethiopia, has visited the Islamabad Chamber of Commerce and Industry (ICCI), and highlighted untapped business, trade and investment opportunities in Ethiopia and Africa as well. Upon arrival, a warm welcome was accorded to Ambassador Jemal Beker Abdula by the […]
Read MoreAbida Shaheen Islamabad: Adam M. Tugio, Ambassador of Indonesia to Pakistan said this week that his country is to start direct flights with Pakistan in near future that would help boost people to people contacts and bilateral trade ties between the two countries. He said that Indonesia is keen to further strengthen trade and economic […]
Read MoreRome: Due to its aging population, Italy would need at least 280,000 foreign workers a year until 2050 to compensate for the shrinking national labor force, the IDOS Study and Research Centre has said ahead of the publication of its 2023 immigration statistics dossier. With Italy’s population aging further, the country will need at least […]
Read MoreGlobal Times Beijing: Some perceive the Belt and Road Initiative (BRI) as China’s attempt to crush someone under itself, but it’s not the truth, the BRI is a desire to cooperate on the global arena, said Russian President Vladimir Putin in an interview with China Media Group (CMG). According to the interview video released by […]
Read MoreHu Xijin Due to suspected illegal activities, Xu Jiayin, board chairman of China Evergrande Group, has been placed under mandatory measures by local authorities. Upon hearing this news, my initial reaction was, what will happen to those who have purchased Evergrande properties? This is probably the biggest question for many people. I strongly hope and […]
Read MoreLiaquat Ali Jakarta: State-Owned Enterprises (SOEs) Minister Erick Thohir has said that the government is planning to open Windownesia stores in Turkey and Saudi Arabia after successfully launching a store in Perth on October 11, 2023. Windownesia is a store that showcases domestic products in foreign countries with the aim of introducing Indonesia to a […]
Read MoreCelina Ali Islamabad: Chinese Ambassador to Pakistan Jiang Zaidong said this week that Beijing was ready to deepen trade and investment cooperation with Pakistan and build an “upgraded version” of the China-Pakistan Economic Corridor (CPEC) which is growth-oriented, innovative, livelihood-enhancing, green and inclusive. Addressing the National Day Reception, Zaidong said that they are ready to […]
Read MoreNewswire Berlin: Kazakhstan’s president said during a visit to Berlin this week that his country was willing to increase oil deliveries to German over the long term, as resource-poor Berlin seeks alternatives to imports from Russia amid the invasion of Ukraine. Kassym-Jomart Tokayev said during a press conference with Chancellor Olaf Scholz that Astana had […]
Read MoreChina Economic Net Suzhou: “The 2nd SCO Pharmaceutical Cooperation Development Conference has demonstrated the commitment of member states to foster international cooperation in the pharmaceutical industry. Through this platform, SCO member states aim to promote mutual benefits, strengthen regulatory frameworks, encourage research and development collaboration, and expand market access,” highlighted Mr. Asim Rauf, CEO of […]
Read MoreCovert Report London: The UK’s economy has grown faster since the start of the Covid pandemic than initially thought, new figures show. Revised data indicates that the UK has seen faster growth than France or Germany since the end of 2019. The growth figures had been expected to be upgraded, after the Office for National […]
Read MoreLiaquat Ali Islamabad: Pakistan this week signed a memorandum of understanding (MOU) with Saudi Arabia to work together in the field of information technology (IT), caretaker IT minister Umar Saif informed. The understanding will facilitate Pakistani companies to work in the Kingdom of Saudi Arabia (KSA), provide trained IT manpower to Saudi companies, promote joint […]
Read MoreGwadar Pro Islamabad: Chinese Assistant Foreign Minister Nong Rong this week stressed the importance of China and Pakistan fostering mutually advantageous collaborations that would positively impact the entire Pakistan’s population, including those residing in the Balochistan province. During a meeting with a delegation of journalists from Balochistan, Minister Nong maintained that the enduring friendship between […]
Read MoreChina Economic Net Beijing: The Sixth China-Arab States Expo promotes high-quality joint construction of the Belt and Road Initiatives, and makes greater contributions to south-south cooperation, said Shaikh Muhammad Shariq, Vice President of the National Bank of Pakistan. China-Arab Expo: A platform for showcasing construction innovations under BRI Addressing a conference themed with the theme […]
Read MoreLiaquat Ali Islamabad: The European Union (EU) is currently deliberating the extension of Pakistan’s Generalized System of Preferences (GSP) status for an additional four years, until 2027. The decision to extend these trade privileges, which grant Pakistan preferential access to EU markets, follows the endorsement of recommendations by the European Council and is currently under […]
Read MoreGlobal Times The 10th China-European Union High-Level Economic and Trade Dialogue will be held on Monday in Beijing. As the highest-level dialogue mechanism in the field of trade and economic cooperation between China and the EU and one of the “three pillars” of China-EU relations, the Dialogue has always been the main channel for the […]
Read MoreChina Economic Net Beijing: China has decided to impose sanctions on two US companies due to their involvement in arms sales to Taiwan, Foreign Ministry Spokesperson Mao Ning said this week. In disregard of China’s firm opposition, the U.S. government deliberately supplies weapons to China’s Taiwan region. This seriously violates the one-China principle and the […]
Read MoreArslan Ali Arsal Brussels: The European Union’s lead regulator has slapped TikTok with a 345 million euro ($368m) fine for breaching laws on the processing of children’s personal data, the first time the popular short video-sharing app has been punished for violating Europe’s strict data privacy rules. The Chinese-owned short-video platform, which has grown rapidly […]
Read MoreHu Xijin The most significance of the Huawei Mate 60 Pro lies in its ability to bypass the US sanctions wall and open up new horizons. The sanctions imposed by the US on Huawei and Chinese companies may now be extended to companies such as Qualcomm, Nvidia, Intel, TSMC, Samsung, and others. If it is […]
Read MoreCelina Ali Islamabad: Pakistan and Kazakhstan this week agreed to enhance regional economic and trade integration for increasing bilateral trade. Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan Yerzhan Kistafin called on Federal Minister for Commerce Dr Gohar Ejaz here. Both sides expressed their commitment to fostering stronger economic ties with the aim of […]
Read MoreNewswire London: Qatar is set to announce a $4 billion investment in UK green energy development through the establishment of a research hub, the Sunday Times reported. The nonprofit Qatar Foundation is providing the funding, with Rolls-Royce supplying technical knowledge as part of the deal. Global management consultancy McKinsey is also involved in planning the […]
Read MoreNewswire Brussels: The European Union castigated Russia this week for pulling out of the Black Sea grain deal, calling its offer of a million tons of grain to African countries a “parody of generosity”. Charles Michel, president of the European Council, told the annual G20 summit in New Delhi that the 2022 grain accord had […]
Read MoreDing Gang At the end of 2019, I accompanied an American and German media delegation to the offices of Chinese tech giant Huawei. Although it was only for one day, this brief encounter gave me a deeper understanding of this company. In May of the following year, when Washington imposed a severe embargo to cut […]
Read MoreCelina Ali Islamabad: Italy’s Ambassador to Pakistan Andreas Ferrarese said this week that his country wanted to boost trade ties with Pakistan. In a media interaction, he said Pakistan and Italy had chosen to strengthen economic ties and reinforce cooperation in diverse fields, besides deepening mutual collaboration on issues of common interest. The Ambassador called […]
Read MoreAbida Shaheen Lahore: Indonesia is an exciting market for aspiring Pakistani entrepreneurs and new startups with innovative ideas, offering wonderful opportunities of mutual collaboration and business expansion. This was stated by the Ambassador of Indonesia Adam M. Tugio during a meeting with young business entrepreneurs of Entrepreneurs’ Organization (EO) from textile, fintech, healthcare, food, dairy, […]
Read MoreChina Economic Net Beijing: China’s financial watchdogs announced this week that housing credit policies will be adjusted and optimized. The interest rates of existing mortgages for first-home purchases will be lowered, according to a joint statement released by the People’s Bank of China and the National Administration of Financial Regulation. Starting from Sept. 25, borrowers […]
Read MoreArslan Ali Arsal Venice: Italian fashion designer Giorgio Armani brought sparkle and stars to the canal city on Saturday with a “One Night Only” fashion show coinciding with the 80th Venice Film Festival. The 89-year-old designer put on a playful, cinema-inspired show for his celebrity guests. His Armani Prive collection was built around harlequin-patterned couture […]
Read MoreZhao Huanxin The trade friction between the United States and China does not signify a tipping point in the Sino-US relationship, experts have said, even though the two countries have slapped tariffs on billions of dollars of each other’s goods. After the conclusion of the hearings on the US administration’s proposal to impose 25 percent […]
Read MoreAbdullah Jan Gilgit: A celebratory function was held here to mark the first successful transit of the shipment of dry fruits from China to Afghanistan through Pakistan under the Transports Internationaux Routiers (TIR) agreement. The ceremony, held at Sost area, saw the presence of important dignitaries, including the Director of Transit Trade Peshawar, the Deputy […]
Read MoreCelina Ali Islamabad: Pakistan needs to undertake energy reforms and opt for renewable energy sources, said a senior US official, stressing that reforms suggested by the International Monetary Fund (IMF) would help Islamabad break the “vicious circle of debt and international financing”. Principal Deputy Assistant Secretary Elizabeth Horst, who heads the Bureau of South and […]
Read MoreNewswire Doha: Qatar Airways has unveiled plans to distribute complimentary admission passes to all global visitors for the entirety of the much-anticipated Expo 2023 Doha, in which three million visits are expected. The event’s official airline announced the move in a bid to draw global interest and showcasing Qatar as an attractive travel hotspot. The […]
Read MoreLiaquat Ali London: The UK government is considering establishing a short-term visa programme that would help bring foreign workers into the country without affecting population rates and tackling labour shortages in the hospitality sector. According to reports by The Times, the Home Office has initiated negotiations with some EU countries for more youth mobility schemes […]
Read MoreDing Gang “Will China, under deflation, go the way of the Soviet Union?” I laughed when I saw this title.This title was given by Professor Xu Chenggang, a senior research scholar at the Stanford Center on China’s Economic and Institutions.Decades after China has developed from a poor and backward country to the second-largest economy in […]
Read MoreHu Xijin US President Joe Biden signed an executive order on Wednesday restricting investments in China, intended to further stymie China’s advances in three cutting-edge technology areas: semiconductors and microelectronics, quantum information technologies and certain artificial intelligence systems. The “decoupling” of high tech from China began under Donald Trump, and the Biden administration has continued […]
Read MoreLiaquat Ali Islamabad: Ambassador of Italy to Pakistan Andreas Ferrarese has expressed optimism about Pakistan-Italy trade ties. In a media interaction, he said Pakistan and Italy have a potential of € 4 billion mutual trade and it was possible with joint efforts of two governments and private areas cooperation. The Ambassador for the first time […]
Read MoreNewswire Lahore: Qatar Charity (QC) has recently implemented 36 income-generating projects in Pakistan’s Punjab to enhance the income of vulnerable families. The projects, which included grocery shops and livestock, were implemented in Jhang and Muzaffargarh districts in Punjab. Under the projects, 20 grocery shops were set up and handed over to 20 beneficiaries — 10 […]
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