(Reuters) – Taiwan’s Fair Trade Commission (FTC) has barred Uber Technologies’ $950 million acquisition of Delivery Hero’s Foodpanda operation on the island due to anti-competitive concerns, the agency said Wednesday. Uber and Foodpanda did not immediately reply to calls for comment after regular business hours. According to a statement fromRead More →
RAWALPINDI (APP) – NLC and DP World have delivered over 1,000 containers between Pakistan and Bangladesh since October, when they launched the first direct shipping route between the two nations, a strategic effort that would considerably improve South Asian commerce and connectivity. Container service between Karachi and Jable Ali willRead More →
Pakistani authorities have secured around $6.3 billion in foreign loans in the first seven months of the current fiscal year. This sum accounts for roughly 35.75 percent of the annual budget projection, despite restricted borrowing opportunities due to low credit ratings and severe global financial market circumstances, even with theRead More →
FRANKFURT (Reuters) – In September, the euro zone’s inflation rate dropped to its lowest level in two years, signaling that the European Central Bank’s steady diet of interest rate increases was working to tame inflationary trends, but at an increasing cost to economic development. According to Eurostat’s flash estimate releasedRead More →
Following the notification of the Federal Board of Revenue (FBR), the Pakistan Telecommunication Authority (PTA) has reduced the registration charge for older phones of Apple iPhones. Following the FBR’s statement that taxes on Apple cellphones will be decreased, the PTA reduced the registration charge for older iPhone models. The PTARead More →
BERLIN (Reuters)- Volkswagen (VOWG_p.DE) announced on Wednesday that it is collaborating with Chinese EV startup Xpeng and joint venture partner SAIC to develop new vehicles and perhaps co-create platforms in order to defend market share. The Volkswagen brand will collaborate with Xpeng Inc (9868.HK) to build two cars aimed atRead More →
The most valuable firm in India, Reliance Industries Ltd. (RELI.NS), reported a wider-than-anticipated decline in first-quarter profit on Friday as poor demand and declining refining margins damaged its main sector. Despite its ambitious development into retail, telecom, and green energy, Reliance’s oil-to-chemicals industry remains its primary growth engine that drivesRead More →
According to a representative for the Karachi Port Trust, a second shipment of crude oil from Russia is expected to arrive in Pakistan tomorrow. The ship, “Clyde Noble,” will transport 55,000 metric tonnes of crude oil. On June 11, the first Russian crude oil ship arrived in Pakistan with 45,000Read More →
According to Santo Ficili, the group’s head for Italy, Stellantis (STLAM.MI), a contract has been agreed with Italian dealers to assist the automaker in delivering automobiles during a period of protracted logistical disruption in Europe. According to the agreement, which was reached six months ago, dealers pick up automobiles directlyRead More →
The staff-level agreement between Pakistan and the International Monetary Fund (IMF) is anticipated to be signed on Tuesday. According to sources with direct knowledge of the situation, the negotiations with the international lender are now in their final phases, and all conditions are no longer in a state of deadlock.Read More →