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European shares edge higher as ASML's AI demand outlook boosts tech
European shares inched up on Wednesday, recovering from modest losses in the previous session, as strong results from ASML lifted the technology sector.
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Pakistan and world business news from seven outlets, one story per event. Updated 2m ago.
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US-Russia deal on diesel is ‘very risky choice,’ Italy PM Meloni says
ROME: The deal between the United States and Russia over diesel supply is a “very risky choice” that runs counter to efforts to force Vladimir Putin to sit at a negotiating table with Ukraine…
Business RecorderJordan issues tender to buy up to 120,000 metric tons wheat, traders say
HAMBURG: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on…
Business RecorderPakistan’s Quantum Data plans local assembly of lithium batteries under China deal
Pakistan’s Quantum Data Technologies (QTECH), formerly known as Chakwal Spinning Mills Limited, is expanding beyond IT services into energy storage, signing a cooperation agreement with China’s…
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From pilot to policy: how “Digital Eye” helped shape FBR’s production-monitoring framework
The Federal Board of Revenue (FBR) is expanding production monitoring across Pakistan’s manufacturing sector, authorising new private technology providers and bringing additional industries within…
Business RecorderPD says no fresh CCI approval needed for DISCO privatisation
Privatisation Division (PD) has maintained that fresh approval from the Council of Common Interests (CCI) is not required to privatise power distribution companies (DISCOs), citing earlier decisions…
Business RecorderTurkish central bank to maintain tight monetary policy stance until price stability is achieved, governor says
ANKARA: Turkish Central Bank Governor Fatih Karahan said the bank would maintain its tight monetary policy until price stability is achieved, speaking on Turkiye monetary policy and macroeconomic…
Business RecorderECB's Lagarde says solution to French debt woes is at home
BANGKOK: France should solve its own debt woes through fiscal policy consolidation, European Central Bank President Christine Lagarde said on Wednesday, effectively playing down speculation about an…
Business RecorderKamala Harris warns window closing for AI safeguards, urges US-China cooperation
SEOUL: Former US Vice President Kamala Harris urged governments and technology companies on Wednesday to urgently put safeguards in place for artificial intelligence, warning that the window for…
Business RecorderPalm oil rises for third day, tracking crude oil and Dalian
JAKARTA: Malaysian palm oil futures rose for a third consecutive session on Wednesday, buoyed by stronger crude oil prices and gains in rival edible oils on the Dalian market.
Business RecorderChina's crude stocks slump despite slight rise in September import rate
BEIJING: China’s September crude oil imports dropped 21.5% from a year earlier, customs data showed, with higher refinery runs and delayed crude arrivals contributing to the biggest monthly draw in…
Business RecorderChina's soybean imports fall 7.7% in September from a year earlier
BEIJING: China, the world’s largest soy buyer, imported 11.88 million metric tons of soybeans in September, down 7.7% from the same month last year, data from the General Administration of Customs…
Business RecorderChina stocks edge towards one-year low, dragged down by AI hardware share
SHANGHAI: Chinese stocks slipped on Wednesday as a selloff in AI-related supply chain shares deepened and as investors digested mixed domestic inflation data, leaving the blue-chip benchmark…
Business RecorderJapan's Nikkei rebounds from sharp loss as chip-related shares rise
TOKYO: Japan’s Nikkei share average rebounded from the previous session’s sharp decline on Wednesday, as chip-related stocks rose, while declines of bank stocks weighed on the Topix.
Business RecorderChina approves Geely acquisition of 34% of Ford España
BEIJING: China’s market regulator has unconditionally approved Geely’s acquisition of 34% of Ford Motor’s Spanish subsidiary Ford España, it said on Monday.
Business RecorderYuan gains as markets weigh China inflation, await US CPI
SHANGHAI: China’s yuan firmed slightly against the dollar on Wednesday as investors parsed a mixed set of domestic inflation readings and braced for US consumer price data due later in the day that…
Business RecorderRussian strikes kill one, hit energy facilities in Kyiv, mayor says
Russian air strikes killed one person and injured one more in Kyiv while also hitting energy facilities in the Ukrainian capital, Mayor Vitali Klitschko said on Wednesday.
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