UK to retain EU safety mark in latest Brexit climbdown
London: The UK will retain the EU’s product safety mark indefinitely, in the latest climbdown from proposed post-Brexit changes, after...
Business
UK house prices drop by most since 2009: Nationwide
London: British house prices fell by the most since 2009 in the 12 months to July, mortgage lender Nationwide said...
Italy wildfires: Holidaymakers from Reading left with €5,000 bill
Rome: A couple on holiday in Sicily have described spending a "very stressful" five days trying to return to the...
Robust regional connectivity fundamental pillar for Pak-China economic development, untapped opportunities: Experts
Abida Shaheen Islamabad: The experts at a special talk on Monday said robust regional connectivity would serve as a fundamental...
UK flights restoration: British DfT schedules visit to Pakistan
Abdullah Jan Karachi: Progress was made on the restoration of direct flights between Pakistan and the United Kingdom (UK) as...
EU’s domestic material consumption remained stable in 2022
Brussels: In 2022, the domestic material consumption of the EU economy remained relatively stable at around 14.5 tonnes per person,...
Italy seeking to leave ‘atrocious’ China Belt and Road plan without harming ties
Rome: Joining China’s vast Belt and Road Initiative (BRI) was an “atrocious” decision, Italy’s defence minister has said, and the...
China-Pakistan HVDC project sets leap with indigenous 660kV technology
Islamabad: Matiari-Lahore High Voltage Direct Current (HVDC) transmission project funded, constructed and operated by the State Grid Corporation of China...
Iran ranks 8th among world’s biggest steel producers in H1
Iran has been ranked eighth among the world’s top steel producers during January-June 2023, according to the latest data released...
Will the UK economy go into recession in 2023?
London; U.K. economic growth is projected to be flat for the rest of the year as tighter monetary policy slows...
EU stress test shows three banks falling short
Frankfurt: Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a...
EU opens antitrust inquiry into Microsoft’s Teams software
Brussels: The European Commission said the decision to bundle Teams with its Office 365 and Microsoft 365 packages may constitute...
Royal colleges in the UK receive millions in marketing payments from drug and medical device companies
London: Royal colleges in the UK have received more than £9 million in marketing payments from drug and medical devices...
EU: The unexpected hurdles on multi-billion road to recovery
Brussels: The Recovery and Resilience Facility (RRF) is the biggest EU investment in history, but money from the post-Covid recovery...
Italy: Catching a taxi in Iis nearly impossible
Rime: If you’ve ever tried catching a taxi in Italy, it’s likely you’ll think twice before attempting to repeat the...
SIFC to complement CPEC by attracting investments from Gulf countries
Islamabad: Pakistan's newly established Special Investment Facilitation Council (SIFC) is set to complement the China-Pakistan Economic Corridor (CPEC) by attracting...
UK government backs high-speed electrified rail in Turkey
London: The UK government, through its export credit agency UK Export Finance, has underwritten a loan worth €781m ($867m) to...
EU approves Chips Act aiming to double semiconductor market share by 2030
Brussels: The Council of the European Union approved a regulation to strengthen Europe’s presence in the world of semiconductors, better...
EU imports from Myanmar surge despite sanctions
Brussels: The EU last week imposed its seventh round of sanctions on individuals and companies associated with Myanmar's military junta,...
Italy: Meloni says ready to discuss minimum wage with opposition
Rome: Italian Prime Minister Giorgia Meloni had said she was ready to discuss minimum wage proposals with what she termed...
Italy growing more than France and Germany, notes IMF
Rome: The International Monetary Fund revised its growth estimates for the Italian economy upwards – at 1.1%, beating the other...
Pakistani cherries get Chinese market access after 12 years work
Gwadar Pro Islamabad: Minister of National Food Security and Research, Tariq Bashir Cheema has announced that the government had succeeded...
Bilawal Bhutto, Blinken discuss regional security situation, bilateral economic ties
Celina Ali Islamabad: Foreign Minister Bilawal Bhutto Zardari has received a telephone call from the U.S. Secretary of State, Antony...
UK: Electric cars are the future
London: The future is electric for the cars on our roads, but is the UK ready for such a major...
Bullet train designed for Hangzhou Asian Games unveiled in China
Beijing: A Fuxing bullet train specially designed for the Hangzhou Asian Games rolled off the production line in Changchun, northeast...
UK announces £680m for new high-speed electric railway in Turkey
London: UK Export Finance (UKEF), the UK government’s export credit agency, has underwritten €781m of financing – equivalent to £680m...
EU: Average working hours – Which countries work the longest and shortest weeks?
Brussels: The average hours worked per week in Europe vary widely. Countries with higher part-time workers, in particular, reported shorter...
EU: Electric vehicles overtake diesel for first time
Brussels: Sales of new electric battery vehicles overtook diesel car purchases in Europe for the first time last month but...
PIA passengers can fly to 16 Chinese cities via Beijing
Beijing: Passengers traveling by Pakistan International Airlines (PIA) can now fly between Pakistan and 16 captivating cities in China via...
EU bans drone parts export to Iran for Russia, Syria regime support
Brussels: The European Union has banned the export of parts used in the manufacture of drones to Iran because of...