EU payment system takes aim at card giants
Brussels: The biggest banks in the European Union have spent years quietly creating a new way to pay that could...
Business
Italy firm acquires 50pc shareholding in Pakistani rice company
Celina Ali Islamabad: A leading European agricultural production and food trading holding company of Italy has acquired 50 per cent...
Italy expects to cut budget deficit to 2.8pc of GDP in 2026
Milan: Italy is aiming to slash its budget deficit to 2.8 per cent of GDP in 2026, below the 3...
Chinese Embassy, PREF organise High-Level Private Sector Investment Dialogue
Lahore: The newly formed Pakistan Regional Economic Forum (PREF), in collaboration with the Chinese Embassy, organized a High-Level Private Sector...
OGDCL signs MoU with major Chinese company
Gwadar Pro Islamabad: Pakistan’s Oil & Gas Development Company (OGDCL) have signed a Memorandum of Understanding (MOU) with CCDC, the...
Change to approach for mock-ups for VMD assessment
London: From 1 October, the VMD has revised requirements for submission of mock-ups. The changes outlined below are being adopted...
Various investment firms of Portugal willing to work together with KWSC
Karachi: A high level delegation from the Portugal’s SJ Investment Company visited the headquarters of the Karachi Water and Sewerage...
Portugal’s Evora plans tourist tax from 2025 to address overtourism
Lisbon: Evora, a popular tourist destination in Portugal known for its ancient ruins, plans to introduce a tourist tax in...
Bulgaria’s Stara Planina Hold projects 33% fall in 9-mo cons sales
Sofia: Bulgarian diversified group Stara Planina Hold said it expects its consolidated sales revenue to decline by an annual 33.2%...
US Ambassador highlights strengths and benefits of US.-Pakistan trade and investment relationship
Lahore: In a meeting with the Sialkot Chamber of Commerce and Industry and Sialkot Women Chamber of Commerce and Industry,...
Superdry boss says Shein allowed to ‘dodge tax’
London: The boss of the clothing chain Superdry says its rival Shein is being allowed to "dodge tax", and is...
Bulgaria’s non-govt borrowing up 14% y/y in Aug
Sofia: Loans to Bulgaria's non-government sector grew by 14.1% year-on-year to some 98.4 billion levs ($56.2 billion/50.3 billion euro) in...
EU challenges China’s dairy probe at WTO
Brussels: The European Commission launched a challenge at the World Trade Organisation (WTO) on Monday against China's investigation into EU...
Italy: €114 000 in RRF funds seized in fraud investigation involving wholesale company
(Luxembourg: At the request of the European Public Prosecutor’s Office (EPPO) in Rome (Italy), the Italian Financial Police (Guardia di...
China and Global South focused on connectivity, trade and economic cooperation: Senator Mushahid
Liaquat Ali Islamabad: Senior Pakistani politician Senator Mushahid Hussain Sayed said on Monday that China and the Global South were...
UK trade commissioner meets Jam Kamal, discusses bilateral ties
Celina Ali Islamabad: The United Kingdom (UK) Trade Commissioner Oliver Christian on Monday met with Federal Minister for Commerce Jam...
France’s Cognac industry urges EU to delay China EV tariffs
Paris: Fears over tit-for-tat measures between China and the EU, stemming from the EU's plan to impose tariffs on Chinese...
Pakistani minister holds round table meetings with Chinese companies
Islamabad: Federal Minister for Petroleum Dr Musadik Malik has held round table meetings with Chinese companies at Pakistan pavilion set...
Bulgaria denies links to exploding pagers in Lebanon
Sofia: Authorities in Bulgaria have denied involvement in the supply chain of thousands of pagers that detonated on Tuesday in...
Sonnedix to acquire 250MW solar PV portfolio in Italy
Rome: Independent power producer (IPP) Sonnedix has acquired an 80MW solar PV plant in Sicily, Italy from renewables developer Blunova....
UN, Italy meet to address CBL and oil field closure
rkme: The UN's Deputy Special Representative for Political Affairs in Libya, Stephanie Koury, and Pasquale Ferrara, Italy's Director General for...
Hundreds of people lose their jobs in UK
London: Hundreds of people have lost their jobs after an international construction group filed for administration in the UK.The majority...
UK consumer confidence falls sharply amid fears of ‘painful’ budget
Ilondon: Consumer confidence in the UK has fallen sharply amid growing concerns over government plans for a “painful” budget, risking...
Bulgaria and Norway join probe into Hezbollah pager explosions
Sofia: Bulgaria and Norway became the latest focus points on September 19 in the international investigation into who supplied Hezbollah...
Alstom Announces €63 Million Investment in Italy
Rome: Alstom has announced a 63 million EUR investment plan for its operations in Italy from 2024 to 2026. This...
Russian PM to participate in Islamabad SCO meeting
Islamabad: Russian Deputy Prime Minister Alexei Overchuk has announced that Russian Prime Minister Mikhail Mishustin will attend the Shanghai Cooperation...
Huawei, NIBFP sign MoU for capability enhancement
Celina Ali Islamabad: Huawei Technologies Pakistan and the National Institute of Banking, Finance Pakistan (NIBFP) have signed a Memorandum of...
Bulgaria to probe company links to pagers that exploded in Lebanon
Sofia: Bulgaria will investigate a company linked to the sale of pagers to Lebanon’s militant group Hezbollah that exploded this...
Cyprus wants more assurances on planned electric cable link to Greece
Athens: Cyprus reaffirmed its commitment to a planned electric transmission cable to Greece but said on Thursday that technical and...
Bank of England holds interest rates at 5%
London: The Bank of England (BoE) decided to hold interest rates at 5% in its most recent monetary review. The...
