World Business NewsGlobal pharma stocks tumble after Trump pledges drug price cuts
Trump pledges a 59% reduction in drug prices, building on an earlier promise of a 30% to 80% cut
May 12, 2025
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World Business News
World Business NewsOil prices climb 4% as U.S., China ease tariffs
Brent crude increases by $2.43, or 3.8%, to $66.34 a barrel, and U.S. West Texas Intermediate crude rises by $2.51, or 4.1%, to $63.53
May 12, 2025
World Business NewsDollar jumps after U.S.-China reach deal to cut tariffs
Dollar rises 1.9% to 148.16 yen and gains 1.5% against the Swiss franc to 0.8443
May 12, 2025
TechForeign smartphone shipments to China plunge 50% in March
CAICT data shows that shipments dropped 49.6% YoY, declining to 1.887 million units from 3.747 million in March 2024
May 12, 2025
HeadlinesAPTMA welcomes Trump’s pledge to boost trade with Pakistan
Calls for tariff reductions as textile sector deepens US cotton imports
May 12, 2025
HeadlinesArif Habib expects super tax relief in upcoming budget
Investor optimism rises as business tycoon cites PM’s assurances of fiscal relief and praises Pakistan’s economic resilience amid geopolitical tensions.
May 12, 2025
HeadlinesChengdu Aircraft Corporation shares surge further by 20% amid reports of Rafale jet loss
Investor sentiment shifts sharply as India–Pakistan air conflict spotlights Chinese and French fighter jet manufacturers
May 12, 2025
World Business NewsJapan considers U.S. corn imports amid trade talks on auto tariffs
PM Ishiba reiterates that Japan does not sacrifice its agriculture for auto tariff cuts and suggests using U.S. corn for ethanol fuel
May 12, 2025
World Business NewsChina hosts CELAC summit to strengthen ties with Latin American, Caribbean States
China’s broader global strategy includes rallying trade partners to resist what it calls “unilateral tariff abuse” by the United States
May 12, 2025
HeadlinesBalochistan PAC reveals unauthorised Rs1.2 billion release to police, raises concerns over procurement violations
Public Accounts Committee criticizes finance department's action and calls for accountability over funds misuse and procurement irregularities
May 12, 2025
TechOpenAI, Microsoft renegotiate partnership as IPO plans emerge
Microsoft is open to reducing its stake in exchange for access to future AI models beyond a 2030 deadline set in previous agreements
May 12, 2025
World Business NewsIndia reopens 32 airports following ceasefire with Pakistan
Key airports now back in operation include Srinagar, Amritsar, Chandigarh, and Leh, along with several regional and military-run airports
May 12, 2025