Britain has lifted restrictions on Pakistani airlines, the UK embassy in Islamabad said on Wednesday, ending a five-year ban on the country’s beleaguered national carrier.Flag carrier Pakistan International Airlines was barred from flying to Britain in June 2020, a month after one of its aircraft plunged into a Karachi street, killing nearly 100 people.The disaster …
Pakistanis are increasingly ditching the national grid in favour of solar power, prompting a boom in rooftop panels and spooking a government weighed down by billions of dollars of power sector debt.The quiet energy revolution has spread from wealthy neighbourhoods to middle- and lower-income households as customers look to escape soaring electricity bills and prolonged …
Pakistan’s quiet solar rush puts pressure on national grid Read More »
Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged to remove licensing curbs.However, other Asian markets were mixed as they weighed Indonesia’s trade deal with Washington and a spike in US inflation that saw investors pare their …
Hong Kong stocks lifted by Nvidia rally on mixed day in Asia Read More »
Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump’s tariffs could be feeding into his country’s economy.In New York, the Nasdaq edged higher to close at another record, propelled by buoyant news from tech darling Nvidia. But the blue-chip Dow and broader S&P 500 both retreated.The US …
Nasdaq gains while Dow, S&P 500 fall as US inflation ticks higher Read More »
US tech giant Nvidia announced Tuesday it will resume sales of its H20 artificial intelligence chips to China after Washington pledged to remove licensing restrictions that had halted exports.The California-based company produces some of the world’s most advanced semiconductors but cannot ship its most cutting-edge chips to China due to concerns that Beijing could use …
Nvidia says it will resume sales of ‘H20’ AI chips to China Read More »
Casino operator Las Vegas Sands broke ground Tuesday on a new $8 billion project to expand its iconic Marina Bay Sands resort in Singapore, in a major bet on the city-state’s tourism market.The new complex is expected to open in 2031, pending government approval, and will include a 55-storey hotel tower with 570 luxury suites, …
Las Vegas Sands makes $8 bn Singapore bet with resort expansion Read More »
Tesla unveiled its first showroom in India on Tuesday, marking its entry into the world’s most populous country, as Elon Musk’s electric vehicle company seeks new customers amid sagging sales in the United States and Europe.The store opened its doors in India’s financial capital Mumbai to select visitors after its inauguration by Maharashtra state’s chief …
“Dialogue” must be at the heart of ties between Canberra and Beijing, Australian Prime Minister Anthony Albanese said on Tuesday as he met President Xi Jinping in the Chinese capital.Albanese is on his second visit to China as prime minister, seeking to bolster recently stabilised trade ties even as geopolitical tensions remain high.Relations between Beijing …
‘Dialogue’ must be at heart of China, Australia ties, PM tells Xi Read More »
Struggling auto giant Nissan said Tuesday it will stop production at its plant at Oppama in Japan at the end of its 2027 fiscal year.Nissan posted a net loss of 671 billion yen ($4.5 billion) last year and it has said it will cut 15 percent of its global workforce.”The company will cease vehicle production …
Skidding Nissan to halt production at Japanese plant Read More »
Markets were mixed Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will hammer out deals to avoid the worst of Donald Trump’s tariff threats provided support.Beijing said gross domestic product expanded 5.2 percent in April-June thanks to a surge in exports as businesses front-loaded shipments ahead of …
Asian markets mixed as China’s economy meets forecasts Read More »
