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A week since Ukrainian President Volodymyr Zelenskyy’s heated expulsion from the White House, European leaders have upped the ante on defense spending plans as they seek to support Kyiv and fill a potential void of U.S. aid. This week, the European Commission proposed measures for fiscal flexibility on defense spending and a plan to borrow 150 billion euros ($163 billions) to lend to EU governments for Europe-wide defense capabilities, including artillery systems, missiles and anti-drone systems.With this equipment, the EU stressed it could “massively step up” its support to Ukraine, which has depended on both Europe and the U.S. for…
The euro rose in European trade on Friday against a basket of major rivals, resuming gains against the dollar and trading near four-month highs, and about to mark the biggest weekly profit in 16 years. The recently announced massive German stimulus plans accelerated inflation forecasts in the eurozone, which might prompt the ECB to tighten its monetary policies once more. The European Central Bank voted on Thursday to cut interest rates to December 2022 lows, the fifth such cut in a row, with the bank expecting a pause in the cycle of rate cuts in April. The…
In a bid to strengthen growth and foster collaboration between the government and the private sector, Prime Minister Shehbaz Sharif hosted a delegation of prominent business leaders at the Prime Minister’s House on Friday. During the meeting, the premier acknowledged the crucial role of the business community and pledged to act as a facilitator to ease investment conditions and accelerate economic development, read a statement released by the Prime Minister’s Office (PMO). “I welcome you all,” said PM Shehbaz, while lauding the role of the business community in generating economic activity in the country. “You all invested your capital in…
Shaikha Nasser Al Nowais, Corporate Vice President of Owner Relationship Management at Rotana Hotel Management Corporation, shares her vision for the future of global tourismShaikha Nasser Al Nowais is a distinguished leader in the global hospitality industry. As Corporate Vice President, Owner Relationship Management at the Abu Dhabi-based Rotana Hotel Management Corporation, she has been instrumental in driving tourism initiatives both within the UAE and internationally. With over 15 years of experience, she has navigated the evolving landscape of hospitality, fostering growth in emerging markets while championing sustainability and economic inclusivity.“Tourism is a transformative force for economic growth, fostering job…
H.E. Al Marri: The 4th Investopia edition successfully opened new global investment opportunities in emerging sectorsThe fifth edition of Investopia will take place in Abu Dhabi, from March 31 to April 2, 2026. It will run over three days instead of two, based on growing interest from existing and new participants. The aim is to create an annual global platform for investment talks, bringing together leaders, ministers, senior officials, decision-makers, business people, investors, entrepreneurs, and economic experts from around the globe for this UAE event.H.E. Abdulla bin Touq Al Marri, UAE minister of Economy and chairman of Investopia, said “The…
The upgraded aircraft from Emirates’ retrofit program are now entering scheduled service with enhanced cabins Emirates will broaden the range of cities served by its refurbished Boeing 777 to include Seoul, South Korea, starting April 14 and London Stansted in the U.K. from May 7. This expansion comes as the aircraft featuring upgraded cabins emerge from Emirates’ retrofit program and enter scheduled service.The four-class Boeing 777 from Emirates will commence operations on flights EK324/325 between Dubai and Seoul, running three times a week on Mondays, Wednesdays, and Fridays. This deployment makes Seoul the second East Asian destination to welcome Emirates’…
U.S. Treasury yields moved slightly lower Friday as investors digested the latest tariff reprieve and awaited the nonfarm payrolls report.At 6:12 a.m. ET, the benchmark 10-year Treasury yield fell 1 basis point to 4.269%. The 2-year Treasury yield was also down 1 basis point at 3.95%.One basis point is equal to 0.01% and yields and prices move in opposite directions.Investors are looking ahead to the week’s big data release, the nonfarm payrolls report, due to be published by the Bureau of Labor Statistics at 8:30 a.m. ET.The closely watched report reflects the change in the number of employed workers in the country, offering…
National Food Security & Research Minister Rana Tanveer Hussain reaffirmed the government’s commitment to addressing the challenges in the dairy sector, referring to reviewing the impact of the 18 per cent general sales tax on packaged milk. According to a Press Information Department (PID) press release, Hussain met a delegation from the Pakistan Dairy Association (PDA) to “discuss key challenges faced by the dairy sector”. According to the statement, the meeting focused on the need to boost investment in dairy farms and review the 18pc GST on packaged milk. The previously tax-exempt packaged milk is now taxed at 18pc, making…
Guangdong will further strengthen its manufacturing and industrial base and make it more “modern” to maintain its decades-long status as China’s economic powerhouse, according to the top official in the country’s richest province.The southern province will “adhere to the principle of making the real economy our foundation, and manufacturing our mainstay”, Guangdong party secretary Huang Kunming said during a gathering on Thursday with provincial deputies and the press during the “two sessions” parliamentary meetings in Beijing.“We should take the lead, be the vanguard, and work diligently to advance technological innovation and industrial innovation,” Huang said in response to a Post…
Bitcoin dropped 6 percent after Trump’s directive on Friday, lacking intentions for government Bitcoin purchases U.S. President Donald Trump’s executive order to create a Bitcoin strategic reserve, along with a stockpile of additional digital assets, has not succeeded in captivating the crypto markets, as Bitcoin’s value significantly dropped following the announcement.Bitcoin experienced a decline of as much as 6 percent after Trump’s directive was issued on Friday, which notably did not include intentions for the government to actively purchase Bitcoin.After reaching a low of $84,900, the cryptocurrency was trading at approximately $84,483 as of 08:00 GMT. Trump’s order was announced…