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The chairman of Hong Kong-listed women’s apparel retailer Moiselle International Holdings sold a property last week, the latest in a slew of disposals over the past few months amid a gradual improvement in the city’s residential market.A 2,429 sq ft four-bedroom flat in Tregunter Tower in Mid-Levels was handed over on Friday to an entity called New Pacific Investment for HK$81.8 million (US$10.5 million), according to the Land Registry.The seller, Dragon Field, bought the unit in 2011, according to agents. Moiselle’s chairman Chan Yum-kit and his wife Shirley Tsui How-kiu are the directors of Dragon Field, according to the Companies…
In a major boost to Pakistan’s pharmaceutical sector, BF Biosciences Limited has introduced Zeptide (Tirzepatide), an advanced dual-action therapy for Type 2 diabetes and obesity, developed and manufactured at its local facility. The pharma shared the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. Tirzepatide, approved by the US Food and Drug Administration (FDA), is a synthetic polypeptide that acts as a dual agonist for GLP-1 and GIP receptors, offering a breakthrough approach in managing blood glucose levels and promoting weight reduction, according to a statement. It added that the new Zeptide pre-filled syringe, developed and…
In a testament to the power of partnership, the Johor-Singapore Special Economic Zone (JS-SEZ) has attracted more than S$5.5 billion (US$4.2 billion) in investments from Singapore-based companies since its inception.Gan Kim Yong, the city state’s trade chief, said on Tuesday that the cross-border economic zone – the first of its kind involving Singapore and Malaysia – was a compelling illustration of the achievements that can arise from collaboration in an era of growing protectionism.Companies were increasingly seeking stability, innovation and trust as trade routes were redrawn and technological disruptions escalated, Gan argued – with the JS-SEZ providing an efficient production…
PARIS (AP) — French Prime Minister Sébastien Lecornu on Tuesday announced he would suspend a much-debated plan to raise the retirement age from 62 to 64, in a move aimed at preventing his fragile minority government from being toppled.After a week of political turmoil, the newly reappointed Lecornu said in a policy speech at the National Assembly that the law, a flagship initiative of President Emmanuel Macron, would be put on hold until after the next presidential election in 2027.On Thursday, Lecornu will face two no-confidence motions, one from the hard-left France Unbowed and the other from the far-right National…
OPEC+ yesterday approved a fresh increase in production, albeit a limited one of 137,000 barrels per day. And although oil prices rose slightly after the announcement, they still remain in a narrow trading range, with Brent crude hovering just above $65 per barrel. This development carries a two-edged implication. On one side, it is good news for energy-consuming nations — including the United States. On the other, it is bad news for oil producers — including, paradoxically, the US itself. The Wall Street Journal reported that Saudi Arabia’s strategy to lead the rollback of production cuts amounts to…
ROME (AP) — Pope Leo XIV thanked Italy on Tuesday for its efforts to combat human trafficking but urged the country to remain open to welcoming and integrating migrants as he took part in a pomp-filled meeting with the Italian president.Leo completed the rite of passage for every new pope by travelling across Rome to the Qurinale Palace for a meeting with President Sergio Mattarella. Escorted by the presidential horse honor guard into the palace courtyard, Leo thanked Italy especially for its welcome of pilgrims during the 2025 Holy Year, which has seen millions of extra tourists pouring into the…
China’s No. 1 automaker BYD considers Spain to be its top candidate for a third car factory to serve the European market, two people briefed on the matter told Reuters, as the company seeks to grow sales on the continent. A BYD assembly plant, joining two other planned factories in Hungary and Turkey, would be a significant boost for the carmaker that competes with Tesla, and would also bolster Spain’s aim of becoming a major hub for electric vehicle production. One of the sources said Spain is favoured by BYD because of its relatively low manufacturing costs and clean energy…
Beco Steel Limited (BECO) has announced plans to diversify its operations into the production of deformed steel bars, marking a major step in its long-term expansion and growth strategy. The listed company disclosed the development in its notice to the bourse. The steel-maker said it currently operates in both ferrous and non-ferrous segments, catering to both local and export markets. It added that sales continue to show a positive growth trajectory, while the company remains debt-free, operating without any borrowings from financial institutions. “In line with its long-term expansion and growth strategy, and in anticipation of future steel demand, the…
KYIV, Ukraine (AP) — Russian forces launched powerful glide bombs and drones against Ukraine’s second-largest city in overnight attacks, hitting a hospital and wounding seven people, an official said Tuesday, as Ukrainian President Volodymyr Zelenskyy prepared to travel to Washington and ask U.S. President Donald Trump for more American military help.The Russian attack on Kharkiv in Ukraine’s northeast hit the city’s main hospital, forcing the evacuation of 50 patients, regional head Oleh Syniehubov said. The attack’s main targets were energy facilities, Zelenskyy said, without providing details of what was hit.“Every day, every night, Russia strikes power plants, power lines, and…
The Pakistani rupee posted a marginal gain against the US dollar, appreciating 0.04% during the opening hours of trading in the inter-bank market on Tuesday. At 10:30am, the local currency was hovering at 281.05, up by Re0.11 against the US dollar. On Monday, the local unit closed at 281.16. Internationally, the US dollar held steady on Tuesday as US President Donald Trump’s watered-down rhetoric against tariffs on China and a potential meeting with his Chinese counterpart raised hopes of de-escalation in tensions between the two economic heavyweights. Currency markets were calmer in early Asian trade after a chaotic Friday session…