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The ongoing dispute between China and the Netherlands over chipmaker Nexperia has highlighted how geopolitical tensions can disrupt an otherwise smooth global supply chain, according to analysts.Based in Nijmegen, Netherlands, Nexperia exemplifies a typical multinational company with front-end fabrication plants in Hamburg, Germany, and Manchester, UK, as well as back-end assembly facilities across Asia, including Dongguan, China; Laguna, the Philippines; and Negeri Sembilan, Malaysia.The company is also supported by a worldwide network of sales offices and research labs. Thanks in part to its global presence, Nexperia ships more than 110 billion products a year to a diverse customer base that…

New World Development (NWD) denied market speculation that it is conducting a liability-management exercise involving its perpetual bonds or other debt securities and seeking equity financing from investors, according to an exchange filing on Tuesday.The Hong Kong-based property developer, which has been battling liquidity problems for the past three years, made the statement in response to media reports that said the firm was in the process of preparing for these moves.“Shareholders, holders of the debt and other securities, and potential investors are advised not to rely on market rumours in relation to the group,” NWD said in the filing.A liability-management…

Japan Post has scrapped a controversial practice of forcing delivery workers involved in minor accidents to complete their rounds by bicycle – even in extreme heat – after admitting the measure “could be perceived” as workplace harassment.The decision followed an internal investigation into an incident involving a delivery worker who was instructed to continue his rounds by bicycle for two weeks during a summer heatwave, despite daytime temperatures exceeding 35 degrees Celsius (95 degrees Fahrenheit), the company confirmed on Friday.Labour advocates say the episode reflects both the mounting strain on Japan’s delivery sector and a broader shift in public awareness…

KYIV, Ukraine (AP) — Russia launched a massive drone and missile attack on Ukraine’s capital on Wednesday, killing at least two people, Ukrainian officials said.Emergency services rescued 10 people after a fire caused by drone debris hit the sixth floor of a 16-story residential building in the Dnipro district of the capital. Kyiv, where two people were found dead, local authorities reported. The attack also blew out windows of a medical facility and debris was found at another residential building, Kyiv mayor Vitali Klitschko reported on his Telegram channel.In the Darnytskyi district of the capital emergency services were responding after…

THE HAGUE, Netherlands (AP) — The top United Nations court is set to give an opinion Wednesday on Israel’s legal obligations to ensure desperately needed humanitarian aid reaches Palestinians in Gaza and the occupied West Bank. The U.N. General Assembly asked the International Court of Justice last year to give an advisory opinion on Israel’s legal obligations after the country effectively banned the U.N. agency for Palestinian refugees, the main provider of aid to Gaza, from operating in the territory. Advisory opinions carry significant legal weight and experts say the case could have broader ramifications for the U.N. and its…

ISLAMABAD: The Russian government has proposed two options for the revival of the ailing Pakistan Steel Mills (PSM): one blast furnace model will cost USD 1.91 billion and the other is based on Electric arc furnace (EAF) technology that will cost USD 1.05 billion. During the Special Assistant to the Prime Minister (SAPM) on industries and production, Haroon Akhtar Khan’s official visit to Moscow in July, Pakistan signed an agreement with Russia to revive and expand the Pakistan Steel Mills project in Karachi, which was originally built in 1973 with Soviet assistance. According to officials privy to the developments, Russian…

ISLAMABAD: Ali Pervaiz Malik, Minister for Energy (Petroleum Division), on Tuesday delivered a keynote speech on “Pakistan’s Energy Transition and Critical Minerals Development: Unlocking New Frontiers for Global Partnership” at the International Mining and Resources Conference (IMARC) 2025, held in Sydney. According to the Petroleum Division, the Minister underscored Pakistan’s vast mineral potential and its unwavering commitment to forging a low-carbon and climate-resilient future. He articulated a clear vision where the nation’s rich geological endowments are developed responsibly, aligning economic growth with environmental stewardship. This dual focus positions Pakistan not only as a nation with significant resource potential but also…

LAHORE: The Lahore Development Authority (LDA) generated record revenue of over Rs 3.47 billion during its latest public auction. This auction, held on Tuesday at the Expo Centre, featured 36 residential and commercial plots, a petrol pump site, a marquee site, a health/education site, a public utility site, a sports complex, and tenancy rights for a cafeteria and salon. According to the LDA, the LDA Public Auction continues to show significant improvement. This fourth public auction of the year set the highest revenue record for LDA in a single auction to date. Key highlights of the auction included: leasehold rights…

KARACHI: Trade Development Authority of Pakistan (TDAP) organized a B2B networking session with the German Multi-Sector Business Delegation on 21st October 2025, from 13:00 PM to 3:15 PM, at TDAP Headquarters, Karachi. The German delegation, which arrived at TDAP at 1300 hours, was led by Florian Walther, representative of the German Chamber of Commerce & Industry. The delegation was warmly welcomed by Shehryar Taj, Secretary, TDAP, who extended appreciation for Germany’s continued partnership and emphasized the importance of enhancing bilateral trade cooperation. A comprehensive presentation on Pakistan’s export and import landscape was delivered by Azhar Ali Dahar, Director General (Engineering…

ISLAMABAD: Federal Minister for National Food Security and Research Rana Tanveer Hussain said on Tuesday that Pakistan could significantly reduce its dependence on edible oil imports by promoting the olive sector, saving billions of rupees in foreign exchange each year. Al Baraka Bank (Pakistan) Limited, in collaboration with the National Alliance for Safe Food, organized the “Al Baraka Pakistan Olive Summit 2.0” in Islamabad for the second consecutive year, reaffirming its commitment to advancing sustainable agriculture and developing Pakistan’s olive industry. The event brought together leading experts, policymakers, and international stakeholders to explore opportunities for investment, innovation, and value chain…