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China is well-positioned to take a stronger global leadership role on climate change as the United States reneges on previous commitments, a former central bank economist said – but he warned its approach must be built on the principle of mutual benefit to be effective.“Trump’s withdrawal from the Paris Agreement shook global confidence in climate action, and the world is now looking for new leaders,” said Ma Jun, formerly chief economist at the research bureau of the People’s Bank of China and co-chair of the G20 Sustainable Finance Working Group.“China’s economic scale provides the basis for its leadership, but the…

The seven-day mission extended due to issues, including a delayed Boeing test flight The NASA astronauts Butch Wilmore and Suni Williams conducted their safe Earth landing inside a SpaceX Dragon capsule following their extended nine-month space mission. The original seven-day space mission of the duo became extended when they encountered various problems including an imperfect Boeing test flight which postponed their return.The astronauts departed the International Space Station (ISS) together with NASA astronaut Nick Hague and Russian cosmonaut Aleksandr Gorbunov during early Tuesday morning hours. Subject to favorable conditions the docking capsule will return to the Florida coastline for its…

In 2024, the group achieved revenues of AED25.8 billion, EBITDA of AED4.1 billion and a net profit of AED1.7 billionAbu Dhabi-based PureHealth announced today a proposal for its first-ever dividend distribution since listing on the Abu Dhabi Securities Exchange (ADX) in December 2023. The board of directors recommended a total dividend of AED343 million ($93.39 million), equivalent to AED3.09 fils per share, for the 2024 financial year. This represents 20 percent of the group’s net profit.The proposal is set for shareholder approval at the annual general meeting on April 9, 2025. Following the announcement, PureHealth shares were trading 4.5 percent…

The Security Papers Limited (SPL) has awarded a paper machine upgrade project worth Rs3.4 billion to a German firm Giesecke+Devrient (G+D) ahead the roll-out of Pakistan’s new design banknotes. “The estimated cost of the project is Rs3.4 billion, which includes an international tender worth Euro 8.297 million awarded to Giesecke+Devrient (G+D), Germany٫” SPL said in a press statement. “The upgrade is expected to be completed within 18 months.” The project is aimed at enhancing SPL’s production capabilities – to meet the latest international trends and incorporate advanced security features for banknote paper to accommodate the evolving requirements of the State…

The Japanese yen fell in European trade on Tuesday on track for the third loss in a row against the dollar ahead of the Bank of Japan’s policy meeting later today.   The BOJ is expected to maintain interest rates unchanged as concerns grow about outside economic risks.   The Price   The USD/JPY pair rose 0.4% today to 149.78 yen per dollar, the highest since March 5, with a session-low at 149.10.   The yen lost 0.4% on Monday, the second loss in a row amid an improving risk appetite in the markets.   The BOJ   Later today,…

The Authority conducted in 2024 about 579,000 inspections and audits for licensing activities and transactions Throughout 2024, the conducted inspection and audit operations of licensing activities have led to a notable 20 percent increase in compliance among service providers with laws, regulations, and legislation compared to 2023. This underscores RTA’s dedication to perpetually enhancing the business environment and fortifying regulatory compliance, aligning with ongoing advancements to maintain the highest standards of quality and transparency in Dubai’s licensing sector. In addition, Dubai’s Roads and Transport Authority (RTA) executed approximately 579,000 inspection and audit operations related to licensing activities and finalized licensing…

James Hansey – The Economist World- On Tuesday, March 18th, 2025, at precisely 9:00 AM, the World Subnationals and Nations (WSANDN) released its long-awaited 11-page whitepaper on the Economic Growth Capital Resource (EGCR), unveiling a comprehensive plan that promises to reshape the future of the global economy. This significant development follows the announcement of the EGCR initiative just one week earlier at the Global Economic Growth Virtual Summit, where 165 nations participated in discussions aimed at addressing the economic challenges facing both local and global markets. During the summit, Dr. Dominion V. Judah, the President-General of WSANDN, while speaking to…

Net Foreign Direct Investment (FDI) in Pakistan grew 41% during the first eight months of the ongoing fiscal year (FY25), clocking in at $1.618 billion, revealed State Bank of Pakistan (SBP) on Monday. During July-February FY25, FDI inflows were $2,295.7 million against an outflow of $677.3 million. Net FDI during the same period (July-February) of the previous year amounted to $1.147 billion. In February alone, net FDI amounted to $94.7 million, a 45% decrease from the same month of the previous year, when it stood at $172 million. On a month-on-month basis, FDI was down over 51%, in comparison to…

Traders work on the floor of the New York Stock Exchange at the opening bell on March 7, 2025.Spencer Platt | Getty Images News | Getty ImagesU.S. Treasury yields were lower Tuesday as investors await data on housing starts and permits, while looking ahead to the Federal Reserve’s monetary policy decision Wednesday.The benchmark 10-year Treasury yield fell less than one basis point to 4.3% at 3:12 a.m. ET. The 2-year Treasury yield fell 1 basis point to 4.042%.One basis point is equal to 0.01%, and yields and prices move in opposite directions.Investors will be watching February housing starts data due Tuesday and the Federal Reserve’s…

Rupee’s Performance Against US Dollar Since 23 Jan 2025 The Pakistani rupee saw marginal decline against the US dollar, depreciating 0.04% in the inter-bank market on Tuesday. At close, the currency settled at 280.27, a fall of Re0.1 against the greenback. On Monday, the rupee had closed at 280.17. Internationally, the US dollar wallowed near a five-month trough against the euro and other major peers on Tuesday as investors grappled with the potential economic impact of growing global trade tensions. Fears that US President Donald Trump’s aggressive tariff policies could trigger a broader economic slowdown has undermined the greenback amid…