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Economy
India to slash tariffs on cars to 40% in trade deal with EU
India plans to slash tariffs on cars imported from the European Union to 40% from as high as 110%, sources said, in the biggest opening yet of the country’s vast market as the two sides close in on a free trade pact that could come as early…
Gold tops $5,000 for first time ever, adding to historic rally
The price of gold has risen above $5,000 (£3,659) an ounce for the first time, extending a historic rally that saw the precious metal jump by more than 60% in 2025.
It comes as tensions between the US and NATO over Greenland have added…
Pakistan’s Perpetual Economic Rollovers and Debt-Ridden Economy
Pakistan’s recent request to the United Arab Emirates (UAE) to roll over 3 billion dollars of deposits once again highlights how the country’s macroeconomic stability hinges on external bailouts rather than durable structural reforms.This…
IMF raises India’s GDP growth projection
The International Monetary Fund (IMF) on Monday revised its estimate of India’s gross domestic product (GDP) growth in the current financial year (April 2025-March 2026) upward to 7.3 percent, from its earlier prediction of 6.6 percent.…
Apple teams up with Google Gemini for AI-powered Siri
Apple plans to use Google’s Gemini artificial intelligence model to power its updated version of Siri, which is set to launch later this year, the two companies announced Monday.
“After careful evaluation, Apple determined that Google’s…
Why Businesses are Quitting in Pakistan
Pakistan faces an accelerating departure of multinational corporations, signaling deep-seated economic and structural failures. Companies across sectors are divesting assets, scaling back operations, or fully exiting, driven by an…
Oil price gains after US interception of Venezuelan oil tanker over weekend
Oil prices gained on Monday in early Asian trading hours after the U.S. intercepted a Venezuelan oil tanker over the weekend.
The U.S. is also pursuing another tanker, officials told Reuters on Sunday, in what would be the third such…
TikTok signs deal to sell US unit to American investor-led venture
TikTok’s Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company’s U.S. assets to American and global investors to avoid a U.S. government ban, TikTok CEO Shou Zi Chew told…
Oil prices jumps as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela
Oil prices climbed sharply on Wednesday after U.S. President Donald Trump ordered “a total and complete” blockade of all sanctioned oil tankers entering and leaving Venezuela, raising fresh geopolitical tensions at a time of concerns over…
International airlines expect to transport record 5.2 billion passengers in 2026: IATA
International airlines expect to transport a record 5.2 billion passengers in 2026 despite global headwinds affecting the sector, the industry’s trade association said on Tuesday (Dec 9).
Carriers also expect higher profits than…