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ISLAMABAD: Chinese Ambassador to Pakistan Jiang Zaidong has called for China and Pakistan to work together as key partners in modernisation, economic growth, and international stability. He highlighted the enduring China-Pakistan friendship, emphasising mutual respect and expanding collaboration. The Chinese envoy was speaking as guest of honour at a seminar jointly organised by China-Pakistan Study Centre (CPSC) at the Institute of Strategic Studies Islamabad (ISSI) in collaboration with China Media Group (CMG). The seminar was titled, “China in Spring: China’s Opportunities, Shared by the World.” Jiang Zaidong underscored China’s economic resilience, investing $3.6 trillion in tech-driven innovation, and advancing green…

KARACHI: The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, the Chairman of the FPCCI Policy Advisory Board, Mian Zahid Hussain said that Pakistan is an agricultural country. Still, no attention is paid to saving water. He said that despite water scarcity, its wastage is on the rise, which will have consequences. Mian Zahid Hussain said that, at present, water scarcity in the country has increased to an alarming extent, which is also increasing the risk of drought. He warned that a drought-like scenario in Punjab and Sindh…

The Bank of Canada cut overnight interest rates by 25 basis points to 2.75%, the lowest since July 2022.   It’s the seventh interest rate cut in the current BOC monetary easing cycle, as inflation remained near the bank’s 2% target.    Current inflation rates hover around 1.9%, and it comes amid uncertainty in the market and economic disruptions as US President Donald Trump imposes tariffs on steel and aluminum, which went into effect on Wednesday.   Trump repeatedly imposed 25% tariffs on Canada and Mexico and delayed them amid ongoing negotiations with both governments.   The Bank of Canada…

LONDON — President Donald Trump’s trade tariffs are a major concern among U.S. and international business leaders, with industry titans warning of trouble ahead.Speaking at CNBC’s CONVERGE LIVE in Singapore, Bridgewater founder Ray Dalio warned of “fighting” between countries over the duties.”Tariffs are going to cause fighting between countries … I’m not necessarily talking about military. But think about U.S., Canada, Mexico, China … There will be fighting, and that will have consequences,” he said, speaking to CNBC’s Sara Eisen on Wednesday.Trump’s 25% tariffs on aluminum and steel imports took effect Wednesday, with the EU, Australia and Canada among the…

Chinese agricultural scientists are developing new strains of protein-rich corn that can serve as a substitute for soybeans in animal feed, a potential game-changer for China’s drive to reduce its reliance on overseas grain.Beijing sees the growing dependence on foreign agricultural products as a threat to the nation’s food security, as well as a potential issue of contention amid an intensifying trade war with the United States.Developing higher-protein corn to replace soybeans in animal feed is seen as a potential solution, and researchers at China’s Huazhong Agricultural University have already developed several promising varieties, according to the university’s president.Given China’s…

Daniel ThomasBusiness reporter, BBC NewsGetty ImagesAlmost 80% of smartphones sold in the US are made in China Deena Ghazarian had only been in business for a year when the trade policies of President Donald Trump’s first term of office sent her company into a tailspin.It was 2019 and her California-based firm, Austere, had just agreed to supply several big US retailers with its high-end audio and video accessories that are largely manufactured in China.Then Trump imposed sweeping tariffs on China, and overnight Deena found herself paying a 25% surcharge on every cable and component she imported – up from zero…

The Canadian dollar rose against most major rivals today following the Bank of Canada’s interest rate decision.   The Bank of Canada cut overnight interest rates by 25 basis points to 2.75%, the lowest since July 2022.   It’s the seventh interest rate cut in the current BOC monetary easing cycle, as inflation remained near the bank’s 2% target.    Current inflation rates hover around 1.9%, and it comes amid uncertainty in the market and economic disruptions as US President Donald Trump imposes tariffs on steel and aluminum, which went into effect on Wednesday.   Trump repeatedly imposed 25% tariffs…

Salesforce should be able to continue to grow despite the impact of tariffs and a possible recession. The news Bank of America said in a note Wednesday that Salesforce is one of the stocks it would recommend in any environment due to the likelihood of seeing “growing revenue contribution from tangible AI product cycles.” According to analysts, software groups are historically more resilient in the quarters leading up to a recession. They said it tends to take two to three quarters into a recession before the industry experiences a slowdown in revenue and billings. The reason, BofA wrote, is that information…

Bitcoin rose on Wednesday away from four-month lows while settling above $80,000 on positive sentiment after more purchases by major corporations.    Now markets await mainline US inflation data for February, expected to provide fresh clues on the odds of a Fed rate cut in upcoming months.   Prices   Bitcoin rose 0.95% at Bitstamp today to $83,733, with a session-low at $81,268.   On Monday, bitcoin rose 5.5%, the first profit in six days away from a four-month trough at $76,600.   Crypto Market Value    The market value of cryptocurrencies rose by $30 billion today to $2.795 trillion. …

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are nicely higher Wednesday thanks to deeply oversold conditions and some good news on the inflation front. The consumer price index report for February came in slightly cooler than expectations, rising 2.8% year over year. Although the Federal Reserve is unlikely to adjust policy at its upcoming meetings in March and May, the latest data has the market feeling better about inflation, and expectations of a possible cut in…