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Apple CEO Tim Cook on Wednesday committed the US tech company to increased investment in China, even as trade tensions intensify between the world’s two largest economies.The two sides “exchanged views on the development of Apple’s business in China and strengthening cooperation in the field of electronic information”, the MIIT said in a statement.Highlighting China’s “super-large market” and “complete industrial system”, Li vowed to ensure “a favourable business environment for foreign companies, including Apple” in the domestic market.Cook acknowledged the ministry’s support for Apple’s domestic business development, while promising that the company would “continue to increase its investment in China…
Global electric vehicle (EV) sales hit a record last month, buoyed by Chinese consumers’ growing interest in new models and the rising popularity of battery-powered cars in Europe.Worldwide September deliveries of pure-electric cars and plug-in hybrids jumped 24 per cent from a year earlier to 2.1 million units – breaking 2 million for the first time and topping the previous record of 1.9 million in December, according to London-based consultancy Rho Motion. The figure represented 20 per cent growth from August.Just a day earlier, the China Passenger Car Association (CPCA) unveiled rosy data reflecting upwards momentum for mainland China, the…
Global electric vehicle (EV) sales hit a record last month, buoyed by Chinese consumers’ growing interest in new models and the rising popularity of battery-powered cars in Europe.Worldwide September deliveries of pure-electric cars and plug-in hybrids jumped 24 per cent from a year earlier to 2.1 million units – breaking 2 million for the first time and topping the previous record of 1.9 million in December, according to London-based consultancy Rho Motion. The figure represented 20 per cent growth from August.Just a day earlier, the China Passenger Car Association (CPCA) unveiled rosy data reflecting upwards momentum for mainland China, the…
Pakistan is entering a pivotal phase of economic transformation driven by structural reforms and an export-led growth strategy, Finance Minister Muhammad Aurangzeb said in an interview with CNBC on the sidelines of the World Bank Group–IMF Annual Meetings in Washington DC. Aurangzeb, currently in Washington DC to attend the 2025 World Bank Group – IMF Annual Meetings, held an interview with the US media outlet to discuss Pakistan’s ongoing International Monetary Fund (IMF) engagement and the country’s emerging export-led growth strategy. During the interview, the finance minister underlined the steady progress Pakistan has made toward macroeconomic stability over the past…
The Philippines, with a coastline stretching more than 36,000km (22,400 miles), cemented its reputation for beach holidays in Asia after being named – once again – as the best beach, dive and island destination in the 2025 World Travel Awards gala ceremony on Monday.This year’s Asia’s Leading Beach Destination award was the country’s eighth, ABS-CBN reported. The Philippines also scored its seventh consecutive recognition as Asia’s Leading Dive Destination and back-to-back victory as Asia’s Leading Island Destination.Its Department of Tourism was named Asia’s Leading Tourist Board, while Boracay was Asia’s Leading Luxury Island Destination and Clark Freeport Zone took Asia’s…
Chinese arms makers should explore the use of artificial intelligence in the development of weapons to improve efficiency and quality, according to a state-run defence industry magazine.But the article in the latest issue of Modern Weaponry also noted that AI technology had risks and challenges and its use should be approached with caution.“Artificial intelligence will leverage its self-learning capabilities in the development of weapons and equipment, serving as an advisory tool that provides recommendations,” according to the article in the publication run by state defence corporation China North Industries Group, or Norinco.It said the technology could also provide more efficient…
Indonesia’s plan to join the Brics-led New Development Bank (NDB) and fulfil a payment requirement for membership has spurred a debate on whether the move is feasible given the country’s strained finances to fund President Prabowo Subianto’s priority projects.Earlier this year, Prabowo announced that Indonesia was planning to join the NDB “to boost the national development transformation” after he met the bank’s chairwoman, Dilma Rousseff, in Jakarta.“The Indonesian government has decided to join the New Development Bank and will comply with all procedures and requirements,” Prabowo said on March 25.Indonesia officially joined Brics – a 10-member grouping of mostly emerging…
Pakistan Aluminium Beverage Cans Limited (PABC) has cautioned that the ongoing closure of Pak-Afghan border crossings could weigh on its sales performance, as disruptions to regional trade routes threaten to impact its business operations in Afghanistan and Central Asia. The listed Pakistani can maker disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “We would like to apprise the PSX and our esteemed stakeholders of certain recent developments in the regional landscape affecting Pak-Afghan trade routes. In view of the current tensions and hostilities along the border, all border crossings have been closed for commercial…
Gold prices rose in European trading on Wednesday, extending their gains for the fourth consecutive session and continuing to set new records, successfully trading above the 4,200-dollar-per-ounce mark for the first time in history. This surge was supported by a decline in the US dollar against a basket of global currencies, particularly following recent comments by Federal Reserve Chairman Jerome Powell, which strengthened expectations of US interest rate cuts in October and December. To reassess those expectations, global financial markets are now awaiting the release of key US inflation data for September in the coming days, which will…
CCL Holding (Private) Limited, a subsidiary of CCL Pharmaceuticals, has acquired a significant 40.63% shareholding in Mitchell’s Fruit Farms Limited, marking a significant change in the company’s ownership structure. According to a notice issued to the Pakistan Stock Exchange (PSX) on Wednesday, the transaction was executed on October 15, 2025, under a Share Purchase Agreement (SPA) dated May 14, 2025, which was later amended on July 18, 2025. Under the agreement, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar sold a total of 9,293,244 ordinary shares of Mitchell’s Fruit Farms Limited to CCL Holding (Private) Limited at a price of Rs180…