Business

Latest stories in this section, ordered by the original publication time from each source.

SKY

Don't risk stability warns Reeves, as figures reveal unexpected economic growth - highest in the G7

The UK economy unexpectedly grew during first month of the Iran war, new official figures reveal.

SKY

Don't risk stability warns Reeves, as figures reveal unexpected economic growth

The economy unexpectedly grew in the first month of the Iran war, according to official figures.

SKY

UK economy unexpectedly grew in first month of Iran war, new GDP figures show

The economy unexpectedly grew in the first month of the Iran war, according to official figures.

BBC

HMRC to use AI from British tech firm to spot fraud and tax return errors

Quantexa, a financial data platform, won the £175m contract to spot fraud and tax return errors.

NYT

Eric Trump, Who Runs the Family Business, Hops Along on the Plane to China

The president’s middle son is said to be joining his father in a “personal capacity” rather than to make business deals.

BBC

Australian giant Coles misled shoppers with fake discounts, court rules

The decision, which comes amid similar case against Woolworths, could mean significant penalties.

DAWN

FBR mulls AI-based monitoring

ISLAMABAD: The government on Wednesday reviewed a set of tax enforcement measures for the upcoming federal budget, focusing on curbing evasion and improving revenue collection through greater use of technology. This was discussed in a special meeting on tax enforcement measures chaired by Economic A...

DAWN

Finance minister heads to China for Panda bond launch

https://www.dawn.com/news/2000047

DAWN

Aurangzeb, IMF mission discuss revenue targets, fiscal reforms ahead of budget

https://www.dawn.com/news/2000047

ET

PSX gains modest momentum in early trading

KSE-100 climbs 254 points to near the 167,700 level

DAWN

Public Sector Development Programme spending remains sluggish

ISLAMABAD: At a time when Pakistan’s economy is struggling to regain momentum, development spending has remained sluggish, with allocations reaching only 56 per cent and actual utilisation falling short by around 18pc during the first 10 months of the current fiscal year. The utilisation under the P...

FOX

Instant noodle recall issued nationwide over possible peanut contamination

A nationwide recall has been issued for a popular instant noodle product after a potential peanut contamination raised serious allergy concerns.

DAWN

PSX extends losses as index hits pre-war level

KARACHI: Despite inflows from the International Monetary Fund (IMF), the Pakistan Stock Exchange (PSX) recorded losses for the fourth consecutive session on Wednesday amid persistent volatility triggering selling from nervous investors, pushing the benchmark KSE-100 index below the pre-war level. Wh...

DAWN

PM Shehbaz orders easy SME loans

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed the commercial banks to provide easy loans to women entrepreneurs and small and medium enterprises, and to assist them in exporting their products, as SMEs have full potential for the development of the national economy and for increasin...

DAWN

Chinese firm plans $500m export facility

ISLAMABAD: A leading Chinese company is establishing a large-scale manufacturing facility in Pakistan, with the potential to generate annual exports of $400 million to $500m and create up to 20,000 local jobs, reflecting renewed investment interest as the country seeks to boost industrial output and...

FOX

OpenAI backs creation of global AI governance body led by the U.S. that would include China as a member

OpenAI VP Chris Lehane supports creating a global AI governance body led by the U.S. that includes China, amid Trump's visit for talks with Xi Jinping.

NYT

Mamdani Urges State to Block Western Union’s Deal for Intermex

New York City’s mayor said the company’s proposed acquisition of Intermex could make it costlier for immigrants to send money abroad.

NYT

Here’s How Trump’s Trade War on China Ended Up in a Stalemate

As President Trump prepares to meet with Xi Jinping, a trade war that once threatened to freeze commerce between the two countries has given way to an uneasy truce.

NYT

What to Watch at Trump and Xi’s U.S.-China Summit

Here’s what to know about the biggest sources of tension in U.S.-China relations before the first summit in Beijing in nine years between the nations’ leaders.

ET

FinMin departs for China to attend Pakistan’s inaugural Panda Bond issuance ceremony

Ceremony marks Pakistan’s first-ever Panda Bond issuance, giving access to China’s capital market, ministry says

ET

Oil edges up as investors focus on Trump-Xi meeting in Beijing

Brent crude futures were up 26 cents, or 0.25%, to $105.89 a barrel

FOX

Cisco to cut thousands of jobs as AI push accelerates after earnings beat

Cisco reported record revenue and surging AI demand while announcing job cuts affecting thousands as it repositions for an AI-driven future.

FOX

Florida bans sloth imports after dozens of animals die at planned Orlando attraction

Florida wildlife officials temporarily ban sloth imports after fatal infections killed dozens of animals at a now-closed planned Orlando attraction, Sloth World.

NYT

A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public

Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.