Business & Economy

Washington, May 25 (AFP/APP): The White House on Thursday called the latest negotiations with Republicans on avoiding a US debt default “productive.” The upbeat assessment came just a week before the estimated “X date” when the government will run out of money if Republicans controlling […]

Milan, May 25 (AFP/APP): Lufthansa agreed on Thursday to buy a stake in ITA Airways, created from the ashes of state-owned Alitalia, marking the German airline giant’s expansion in a key European market. The accord is big news for Italy, which has spent billions of […]

ISLAMABAD, May 24 (APP): Minister of State for Petroleum Dr Musadik Malik on Wednesday said the first shipment of 100,000 tons of crude oil from Russia was poised to anchor at Oman Port by the month’s end, from where it would be gradually brought to […]

Frankfurt, Germany, May 24 (AFP/APP):European Central Bank president Christine Lagarde pledged on Wednesday to reduce high inflation in the eurozone as the institution that safeguards the euro marked its 25th anniversary. “For the ECB, our immediate and overriding priority is to bring inflation back down […]

London, May 24 (AFP/APP): Britain’s annual inflation rate struck a 13-month low in April, official data showed Wednesday but remains elevated at 8.7 percent as soaring food prices offset weaker energy costs, prolonging a cost-of-living crisis. The rate of price increases slowed from 10.1 percent […]

BEIJING, May 23 (APP): The Gansu Academy of Agricultural Sciences and the Sindh Agriculture University of Tandojam, Pakistan on Tuesday officially signed a memorandum of understanding for the China-Pakistan flax research and innovation hub. Started in September 2020, Lanzhou, the capital of Gansu Province, has […]