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Nestlé Pakistan, a subsidiary of Swiss giant Nestlé SA, has brought its manufacturing operations in Sheikhupura and Khanewal to global standards, with both facilities now fully automated and integrated with Nestlé’s worldwide systems. This modernisation positions Pakistan’s operations on par with the company’s leading global plants, said the delegation from Nestlé Pakistan during a meeting with Federal Minister for Finance Muhammad Aurangzeb on Monday, read a statement. The delegation from Nestlé Pakistan, led by Chief Executive Officer Jason Avancena, accompanied by Chief Financial Officer Maqsood Ahmad Anjum and Head of Corporate Affairs & Sustainability Sheikh Waqar Ahmad, briefed the finance…

China’s securities regulator has urged the nation’s brokerage industry to rev up the pace of cultivating top investment banks capable of competing on the global stage and better facilitate Beijing’s technological self-reliance drive as outlined in a critical five-year plan by the Communist Party.Securities companies should redouble efforts to fulfil the goal set by Beijing of building China into a global financial powerhouse, while serving the tech self-reliance strategy by facilitating fundraising and mergers in sectors ranging from artificial intelligence to biopharmaceuticals and green energy, said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), in a speech posted…

China’s securities regulator has urged the nation’s brokerage industry to rev up the pace of cultivating top investment banks capable of competing on the global stage and better facilitate Beijing’s technological self-reliance drive as outlined in a critical five-year plan by the Communist Party.Securities companies should redouble efforts to fulfil the goal set by Beijing of building China into a global financial powerhouse, while serving the tech self-reliance strategy by facilitating fundraising and mergers in sectors ranging from artificial intelligence to biopharmaceuticals and green energy, said Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), in a speech posted…

BRUSSELS (AP) — A top European Union official on Monday warned the United States against interfering in Europe’s affairs and said only European citizens can decide which parties should govern them.European Council President Antonio Costa’s remarks came in reaction to the Trump administration’s new national security strategy, which was published on Friday and paints European allies as weak while offering tacit support to far-right political parties.It’s “good” that the strategy depicts European countries as an ally, but “allies don’t threaten to interfere in the domestic political choices of their allies,” Costa said.“What we can’t accept is the threat of interference…

BEIJING: Coal imports by China, the world’s largest buyer, fell 20% in November from the previous year’s record high, figures from the General Administration of Customs showed on Monday. November imports of 44.05 million metric tons, however, were up 6% from 41.74 million tons in October. The previous November’s imports had reached a record single-month high of 54.98 million tons. Imported coal still has a price advantage over domestic coal, but the arbitrage has narrowed as domestic prices weakened, the China Coal Transportation and Distribution Association (CCTD) said on its website in late November. Supply constraints were likely to keep…

NUUK, Greenland (AP) — Greenland is hosting annual meetings with U.S. officials to discuss bilateral ties at the end of a year in which U.S. President Donald Trump ramped up talk of a U.S. takeover of the mineral-rich island that is a semiautonomous territory of Denmark.The meeetings starting Monday will include a bilateral “joint committee” meeting between Greenland and U.S. officials that will discuss cooperation “in a number of important areas,” according to a statement from Greenland’s Ministry of Foreign Affairs and Science.A separate “permanent committee” meeting will involve the Danish government. Similar meetings were held last year in the…

A trader works, as a screen broadcasts a press conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate cut announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 29, 2025. Brendan McDermid | ReutersLONDON — European stocks are expected to start the week on a flat to lower note Monday as global investors focus on the U.S. Federal Reserve’s monetary policy decision this week.The U.K.’s FTSE index is seen opening 0.1% lower, Germany’s DAX and France’s CAC 40 flat and Italy’s FTSE MIB down 0.17%, according to data from IG.The…

Gold nudged higher on Monday, supported by a softer dollar as traders grew more confident the US Federal Reserve will deliver an interest-rate cut at its policy meeting this week. Spot gold was up 0.3% at $4,212.70 per ounce, as of 0319 GMT. US gold futures for December delivery were steady at $4,241.30 per ounce. The US dollar edged lower to hover near one-month lows touched on December 4, making greenback-priced gold cheaper for overseas buyers. “Core PCE data came and went without incident, which leaves the Fed on track to cut rates this week, with this expectation of looser…

ATHENS, Greece (AP) — Two men found alive among 17 dead bodies in a partially sunken migrant boat south of the island of Crete over the weekend told Greek authorities the vessel had been carrying a total of 34 people, and that 15 had fallen overboard and were missing, Greece’s coast guard said Monday.A search and rescue operation was underway, the coast guard says, but strong winds and rough seas have been hampering efforts. The survivors’ revelation could mean the death toll might increase to 32.On Saturday, the coast guard said a passing Turkish merchant vessel had come across the…

The Liaoning and three guided missile destroyers were sailing northeast in the waters between Okinawa and Minami-Daito islands, and in waters around 190km east of Kikai Island, Japan’s defence ministry said on Sunday night.Furthermore, around 50 take-offs and landings by carrier-based fighter jets and helicopters were observed on both Saturday and Sunday, the ministry said. It said Japan had flown Air Self-Defence Force fighter jets in response. 04:47Why have Takaichi’s Taiwan comments sent China-Japan ties into a tailspin?Why have Takaichi’s Taiwan comments sent China-Japan ties into a tailspin?The day before, Japan claimed that Chinese naval fighters had intermittently beamed fire-control…