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May 9, 2025 As military tensions between Pakistan and India intensify, Pakistan’s fragile economic recovery is under significant threat. The recent hostilities, marked by cross-border airstrikes and drone attacks, have not only escalated geopolitical risks but also jeopardized Pakistan’s financial stability and ongoing economic reforms. Economic Recovery at Risk Pakistan’s economy had shown signs of…
President Trump hailed an agreement with Britain as a breakthrough — but far tougher negotiations, including with China, beckon.
President Trump on Friday suggested that he was open to sharply reducing the tariffs that the United States has imposed on China, as American and Chinese negotiators prepare to meet in Switzerland this weekend for high-stakes trade talks. Trade tensions between the U.S. and China have roiled international markets and the global economy. The negotiations…
Japanese tech giant Panasonic is planning to pare troubled business lines and its work force by thousands as it aims to reorient itself for a technological era no longer dominated by its traditional electronics. In a statement on Friday, Panasonic said that it would cut about 10,000 jobs globally, primarily within the fiscal year that…
Indian telecom operators have implemented immediate measures to maintain uninterrupted connectivity, amid rising tensions between India and Pakistan. These include enabling intra-circle roaming, setting up control centres for round-the-clock monitoring, and stocking up diesel for telecom towers to ensure seamless connectivity.The telecommunications department conducted a meeting with telecom operators on May 7, directing them to…
Union Bank of India reported a robust 50 per cent year-on-year jump in its March quarter net profit to Rs 4,985 crore, driven by improved non-interest income and lower provisions.However, the state-run lender flagged concerns over pressure on net interest margins (NIMs) going forward due to expected rate cuts by the Reserve Bank of India.The…
The recent uptick in Basmati rice prices is driven by increased international demand and not linked to geopolitical tensions between India and Pakistan, according to the All India Rice Exporters Association (AIREA).AIREA President Satish Goel clarified that the export prices of Basmati varieties 1509 and 1718 have seen a slight rise since March due to…
Trump declared a 90-day suspension of his planned reciprocal tariffs on global trading partners last month. India-US trade deal: India has proposed reducing its tariff differential with the United States to under 4% from the current 13%, seeking exemption from President Donald Trump’s existing and future tariff increases, two sources familiar with the negotiations between…
Have you found yourself dabbling with the idea of spending your next vacation at the White Lotus, a luxury resort famous for its obnoxious guests and regular murders? Welcome to the world of “set-jetting,” in which the settings of popular movies and TVs shows like “The White Lotus” become pilgrimage sites for fans. The White…
Asian markets gave a mixed performance on Friday as investors watched cautiously ahead of crucial trade talks between China and the United States scheduled for the weekend in Geneva.US futures and oil prices also received a small boost on hopes that talks could ease ongoing tensions.The Shanghai Composite fell 0.3%, ending the day at 3,343.38…