World Business NewsChina to cooperate on rare earth export controls amid global shortages
China controls over 90% of global processing capacity for rare earth magnets used in industries ranging from automobiles to fighter jets
May 30, 2025
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World Business News
World Business NewsTokyo core inflation hits more than two-year high in May
CPI rises 3.6% year-on-year, exceeding market expectations and marking the fastest pace since January 2023
May 30, 2025
World Business NewsU.S. DOJ reaches $1.1 billion settlement with Boeing over 737 MAX crashes
Boeing will avoid a felony conviction and pay $243.6 mn in fines, $444.5 mn to victims’ families, and over $455 mn for safety and compliance
May 30, 2025
TechOpenAI urges court to keep countersuit against Elon Musk in expedited trial
The countersuit accuses Musk of engaging in fraudulent business practices under California law and alleges a pattern of harassment
May 30, 2025
TechU.S. energy department to use Nvidia, Dell technology in new supercomputer
The supercomputer will support research by more than 11,000 scientists across disciplines including chemistry, physics, and biology
May 30, 2025
HeadlinesCERP, Princeton launch energy transition planning project for Pakistan
I believe we need to formalize this relationship to help us plan better and gain valuable insights, says Awais Leghari
May 30, 2025
EconomyFitch upgrades Pakistan to ‘B-’ as fiscal discipline, external surpluses and inflation relief fuel optimism
Macroeconomic stability, climate finance, and record-low inflation reshape Pakistan’s outlook
May 30, 2025
HeadlinesGovt considers sales tax exemption on refinery upgrade equipment under Brownfield Policy
Petroleum Dealers Association raises concerns over unchecked powers given to assistant and deputy commissioners to inspect and seal petrol pumps
May 30, 2025
HeadlinesFederal, Sindh govts collaborate on $3.1bn Karachi coastal development project
Under CPEC, the 687-acre Karachi Coastal Comprehensive Development Zone includes a new fishing port, berths, sewage treatment plants, and eco-tourism initiatives
May 30, 2025
HeadlinesFirst green sukuk bids top Rs161 billion, issue raised to Rs31.98 billion
Proceeds from the sukuk will finance green infrastructure projects, including Garuk Storage Dam in Kharan, Naigaj Dam in Sindh, and 26MW Shagarthang Hydropower Project in Skardu
May 30, 2025
HeadlinesPower Division slams Sindh’s SEPCO, HESCO over rising losses
Minister highlights rising losses, political interference hampers board changes, and electricity rates expected to stay steady
May 30, 2025
HeadlinesGovt mulls 1.5% withholding tax on imports to boost revenues amid tax refund delays: report
Plan aims to curb under-declaration of import values by taxing payments to overseas suppliers through banks, while exporters face pending tax refunds
May 30, 2025