The State Bank of Pakistan (SBP) cut the policy rate on Monday to 11 per cent, amid trade and industry sectors advocating for a significant cut. The central bank’s policy rate, after being slashed by 1,000bps from 22pc since June 2024 in six intervals, previously stood at 12pc. April inflation stood at a low of […]
industry
California to ban sales of petrol cars by 2035
California air regulators voted on a historic plan to address climate change and harmful pollution. The state regulators moved forward with a plan to phase out the sale of gas cars over the next 13 years in America’s largest auto market. “This is a historic moment for California, for our partner states, and for the […]
President for ensuring fast-track inclusion of women in businesses, industry
ISLAMABAD: President Dr. Arif Alvi Saturday called for creating an enabling environment to ensure women’s participation and inclusion in economic, business, trade, and industrial sectors on a fast-track basis. The [resident expressed these views while talking to a delegation of the Women Chamber of Commerce and Industry, Peshawar (WCC&IP), led by its President Mrs […]
One dead in Shanghai chemical plant explosion
SHANGHAI: Shanghai authorities on Saturday announced an investigation into a massive chemical plant blaze that left one person dead and another injured in the first major industrial accident since the city lifted lockdown in early June. The fire at a Sinopec Shanghai Petrochemical Co. plant in outlying Jinshan district broke out at around dawn on […]
Ben Affleck and Ana De Armas’s fatal attraction
Ben Affleck and Ana De Armas’s fatal attraction Paris, If there’s one guy who knows how to make an erotic thriller in Hollywood, it’s Adrian Lyne. The British director, 81, practically defined the genre in the 1980s and 1990s with films like “9 1/2 Weeks” and “Indecent Proposal” — and above all “Fatal Attraction” […]
Hollywood flurry lifts Greek film industry hopes
A burly man in a buzz-cut crosses a busy street, nearly running into a passing cab. Nearby, two Miami police officers monitor a bustling crowd beside their squad car. The man is Spanish actor Antonio Banderas and standing in for the Magic City is Greece’s northern metropolis Thessaloniki where Millennium Media, producers of “The Expendables” […]
Vietnam’s Vinfast to launch electric cars in US, Europe next year
Vietnam’s first homegrown car manufacturer Vinfast said Monday it will launch two new electric vehicle models early next year in North America and Europe, as it pushes to enter the lucrative but crowded market. The carmaker is a subsidiary of Vietnam’s largest private conglomerate, Vingroup, which is owned by the country’s richest man, a press-shy […]
‘Feeling ready’: British billionaire Branson bound for space
Billionaire Richard Branson was set to take off Sunday from a base in New Mexico aboard a Virgin Galactic vessel bound for the edge of space, a voyage he hopes will lift the nascent space tourism industry off the ground. “It’s a beautiful day to go to space,” the brash Brit wrote in a tweet […]
French scientists warn high vaccine rate needed to stop Delta
A panel of scientists who advise the French government on health warned Friday that as many as 95 percent of people might need to be vaccinated to dam the spread of the Delta variant of Covid-19. With cases rising, “a fourth wave linked to the Delta variant could hit swiftly, with repercussions for the health […]
Chip shortage driving French industry lower
The global shortage of semiconductors that has been plaguing the automobile industry is helping drive industrial production lower in France, data showed Monday. Manufacturing of motor vehicles fell by 7.9 percent in May from the previous month “due to shortages of raw materials in the automotive industry”, the national statistics agency INSEE said. That helped […]