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BUSINESS

IMF and Pakistan reach $3 billion stand-by deal

AFP, Published on 30/06/2023

» ISLAMABAD: Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth US$3 billion announced by the IMF in Washington late Thursday.

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BUSINESS

Chinese shopping app Temu wows US amid TikTok fears

AFP, Published on 10/04/2023

» WASHINGTON - Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products.

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BUSINESS

Rahm wins Masters crown to reclaim World No.1 spot

AFP, Published on 10/04/2023

» AUGUSTA (UNITED STATES) - Jon Rahm delivered tension-packed clutch shots down the stretch on Sunday to win the Masters, capturing his second major title to reclaim the world number one ranking.

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BUSINESS

A year after the Ukraine invasion, oil market much changed

AFP, Published on 09/03/2023

» HOUSTON: A year after Russia's invasion of Ukraine, the oil market has become more fragmented and uncertain, a dynamic expected to boost crude prices over the long term.

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BUSINESS

Farmers tap into sustainable rubber industry

AFP, Published on 22/02/2023

» By the light of a head torch, Wanida Hityim deftly strips bark from a rubber tree, collecting the milky latex as she explains why she is among a small number of Thai farmers trying to work more sustainably.

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BUSINESS

EU agrees ban on imports driving deforestation

AFP, Published on 06/12/2022

» BRUSSELS: The European Union reached an agreement Tuesday to ban the import of products including coffee, cocoa and soy in cases where they are deemed to contribute to deforestation.

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BUSINESS

Hounded at home, China's video game firms welcomed in Europe

AFP, Published on 16/10/2022

» PARIS: China is investing billions in Europe's video game industry, but analysts have warned that there could be trouble along the road unless regulators start to take stricter notice.

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BUSINESS

Musk offers to close Twitter buyout at original price

AFP, Published on 05/10/2022

» SAN FRANCISCO: Elon Musk has offered to push through with his buyout of Twitter at the original agreed price, reports said Tuesday, just weeks before the opening of a bitter court case over his effort to withdraw from the deal.

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BUSINESS

Swiss mull banning factory farms

AFP, Published on 22/09/2022

» GENEVA: The Swiss will vote Sunday on whether to ban intensive livestock farming in the largely rural country, which already has some of the world's strictest animal welfare laws.

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BUSINESS

Volkswagen shifts gear with Oliver Blume taking wheel

AFP, Published on 01/09/2022

» FRANKFURT: Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.