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Alibaba Group Holding’s logistics arm, Cainiao, has expanded its parcel delivery service to eight African countries – including Morocco, Ghana and Nigeria – as it races to give Chinese e-commerce merchants a cheaper, more reliable way to reach the fast-growing continent.The company planned to extend the service to South Africa and Egypt by the end of December, Cainiao said in a statement over the weekend. Alibaba owns the South China Morning Post.Cainiao said underdeveloped logistics infrastructure remained a bottleneck for trade growth even as Africa’s demand for made-in-China goods surged.The company said it planned to leverage its network and technology…

KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy faces a crucial week of diplomacy, testing his abilities to stand his ground while demonstrating to the United States that he is willing to compromise.Since a draft of a 28-point U.S.-Russia brokered peace plan was leaked to the press on Thursday, Ukraine and its European allies have been trying to buy time and ensure their interests are represented in any deal. The draft has triggered alarm in Kyiv and European capitals for favoring Russian demands and goals. It includes points on limiting the size of Ukraine’s army as well as handing over…

Premium Textile Mills Limited, a Pakistani textile firm, has approved a $4.15 million project to install a 7.5MW wind turbine, expanding its renewable footprint. The listed company, engaged in the manufacturing and sale of cotton and polyester yarn, disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “It is hereby informed that the Board of Directors of Premium Textile Mills Limited, through circular resolution dated November 24, 2025, has approved the purchase of a 7.5MW wind turbine,” read the notice, having an estimated cost of $4.15 million. “Keeping up with our commitment towards sustainable environment…

Hundreds of thousands of people have been displaced by deadly floods sweeping across Thailand and Vietnam, a crisis that has killed scores and stranded entire communities as meteorologists and climate analysts warn of heavier rains driven by La Nina and long-term warming.The scale of the inundation has highlighted how a late-season monsoon surge, layered onto fragile flood-management systems, is overwhelming towns and cities from southern Thailand to Vietnam’s central coast, with Malaysia bracing itself for its turn as the severe weather moves south.Vast stretches of central and southern Thailand are under water after days of relentless rain breached riverbanks and…

Hong Kong-based Tykhe Capital Group and Malaysia’s Skyvast Digital have launched a US$150 million tokenised fund that offers investors exposure to artificial intelligence infrastructure, using an innovative arrangement designed to share project revenues and boost liquidity.SKYD Token was “the world’s first global-grade AI infrastructure tokenised fund”, Tykhe’s subsidiary, Pioneer Asset Management, and AI infrastructure developer Skyvast said in a press release on Monday.The fund will provide investors a direct share in 15 per cent of revenue generated by Skyvast, which builds and operates data centres, off-grid digital campuses and high-performance computing estates. Subscriptions start from US$1,000.“This model combines the upside…

Beijing has blasted Japan’s missile deployment on an island only 110km (68 miles) away from Taiwan as “extremely dangerous”, saying it stokes regional tensions and military confrontation amid deteriorating ties between the two Asian powers.But Shinjiro Koizumi, Tokyo’s defence minister, believed the deployment on Yonaguni Island would “reduce the likelihood of any armed attack on Japan itself”, a Japanese defence ministry read-out stated on Sunday.During an inspection visit on Yonaguni on Saturday, Koizumi said preparation for a medium-range, surface-to-air missile deployment was “progressing steadily”, according to the read-out.Yonaguni forms part of an archipelago that is only 110km from Taiwan –…

SAP, a leading German-based enterprise software company, is positioning itself to play a larger role in Pakistan’s fast-expanding IT and technology sector, viewing the country’s young and highly skilled workforce as a strategic advantage. “Pakistan has one of the most dynamic young tech workforces in the region, which presents a huge opportunity,” said Fahad Zahid, Interim Managing Director, SAP Pakistan, in an exclusive interview with Business Recorder. The computer engineer, who holds over 15 years of experience in the technology sector, shared that many startups, scale-ups, and IT exporters in Pakistan are building digital-first business models and need the right…

In a bid to strengthen State-Owned Enterprises (SOEs) governance, the Cabinet Committee on State-Owned Enterprises (CCoSOEs) approved key board-level appointments of major SOEs. The CCoSOEs met today (Monday) in Islamabad under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The committee considered summaries submitted by the Finance Division, Maritime Affairs Division, Petroleum Division, and the Industries and Production Division, and approved the agenda items presented. These included the appointment of an independent director to the Board of Zarai Taraqiati Bank Limited (ZTBL), put forward by the Finance Division; the appointment of independent directors to the…

Gold prices rose in European trading on Monday, moving into positive territory for the first time in three sessions as the US dollar’s advance paused in the foreign-exchange market.   The shift came after less hawkish comments from several Federal Reserve officials boosted expectations for a December rate cut, ahead of Tuesday’s delayed US inflation data.   Price Overview   • Gold prices today: Gold climbed 0.35% to 4,077.74 dollars from an opening level of 4,065.23 dollars, after touching a low of 4,040.25 dollars.   • On Friday, gold slipped 0.3%, marking a second straight daily loss under pressure from…

LONDON (AP) — The BBC’s chairman acknowledged Monday that it was too slow in responding over a misleading edit of a speech by U.S. President Donald Trump but rejected claims that the broadcaster’s impartiality was being undermined from within its own board. Senior BBC leaders were quizzed by Parliament’s Culture, Media and Sport Committee amid a major crisis at the publicly funded corporation after its director general and head of news both quit earlier this month and Trump threatened to file a billion-dollar lawsuit.The BBC drew Trump’s ire — and deep public scrutiny — after an internal memo compiled by…