European Union officials are working to narrow the scope of export controls that China announced this week on two key metals used in semiconductors, solar panels and electric vehicles, according to people familiar with the matter.
The EU wants to make sure that export restrictions on the two metals are based on clear...
ISLAMABAD: British airline Virgin Atlantic stopped flight operations to Pakistan as its last flight from Islamabad International Airport, VS379, flew to London Heathrow.
Virgin Atlantic commenced operations at Islamabad Airport in December 2020 with seven weekly flights. It initially operated four flights to Manchester and three to London Heathrow.
Later, the...
ISLAMABAD: The government is compelled to increase electricity prices, despite the fact that circular debt continues to inflate and the state is unable to control it.
The circular debt is increasing on a daily basis, sucking precious financial resources and forcing Pakistan to seek financial help from the International Monetary...
Expressing his gratitude to "trustworthy friend" India for saving Sri Lanka and preventing a "bloodbath" during its unprecedented economic crisis last year, Parliament Speaker Mahinda Yapa Abeywardena has said that not a single nation has extended that kind of assistance to Colombo as done by New Delhi.
Sri Lanka was...
As the economic crisis is turning severe, the impact is hurting Pakistan Army. The severity has hit the entire military logistics, prompting the regional command to issue massive cuts in ration for troops and fuel for the military equipment.
The Pakistan army has issued a letter to all field formations...
SHANGHAI: The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid "abnormal pricing" made two days earlier by 16 automakers, including Tesla..
Thursday's CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by...
TOKYO: Japan on Saturday marked one year since former Prime Minister Shinzo Abe was gunned down during an election speech by a man angry at his links to the Unification Church.
The death of Japan's longest serving prime minister, which was caught on video, rattled a nation unused to gun...
SHANGHAI: China's securities regulator said on Saturday that it would support mutual fund managers to enable them to lower fund product fees.
In a statement, the China Securities Regulatory Commission said it would optimise the mutual-fund fee scheme and steadily lower the industry's comprehensive fee rates.
The statement came as performance...
BEIJING: U.S. Treasury Secretary Janet Yellen urged closer communication between China and the United States on Saturday to improve economic decision-making and challenged China to join global initiatives to help poorer nations address climate change.
Despite bilateral tensions, record high U.S.-Chinese trade last year showed there was "ample room" to...
BEIJING: China has announced export restrictions to take effect from Aug. 1 on some gallium and germanium products, metals used in computer chips and other products, citing national security interests.
China produces around 60per cent of the world's germanium, or 180 metric tons in 2022, and over 90per cent of...
