Financial evaluations, sovereign debt restructuring updates, private equity green corridor venture maps, and industry indexes.
BusinessBeijing/Brussels — The European Union and China have reached a landmark trade understanding that could cut Chinese exports of hybrid cars to Europe by more than half over the next four years. EU Trade Commissioner Maroš Šefčovič announced the EU-China trade deal on October 9 after two days of negotiations in Beijing with Chinese Commerce
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BusinessSpaceX has agreed to acquire a nationwide portfolio of low-band wireless spectrum in the 800 MHz band from Grain Management, a SpaceX spectrum deal reported to be worth about $8 billion, in what Elon Musk called "the last critical piece of the spectrum puzzle" for bringing direct-to-phone Starlink service to American mobiles — and US telecom shares tumbled.
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BusinessThe Organization of the Petroleum Exporting Countries has sharply downgraded its outlook for global oil demand growth in 2026, cutting its forecast to 400,000 barrels per day — about 71 percent below the 1.4 million bpd it projected at the start of the year. OPEC Secretary-General Haitham Al Ghais announced the revision on Monday at
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BusinessThe Royal Swedish Academy of Sciences has awarded the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to American economists Robert E. Hall and Michael Woodford, “for microeconomic foundations of macroeconomic stabilisation,” the Academy announced in Stockholm on 12 October 2026. Who are the laureates? Robert E. Hall, born in 1943
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BusinessAI startup Manus has raised more than $500 million in fresh funding, staging a remarkable comeback months after Chinese regulators forced Meta to unwind its $2 billion-plus acquisition of the company. The announcement, made on Thursday, marks the Manus $500 million funding round.
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BusinessThe Pakistan-Romania Business Forum met in Bucharest on 6 October 2026 to boost bilateral trade and investment. Ambassador Ilyas Mehmood Nizami pitched Pakistan’s market, skilled labour and strategic location, while solar energy, IT, infrastructure, agriculture, defence and education were named as priority sectors.
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BusinessWall Street is heading into a defining fortnight as the Q3 earnings season takes centre stage, with JPMorgan and the big US banks set to open the reporting season on 13 October. The setup is unusually favourable: analysts expect S&P 500 earnings to rise 24.6% from a year ago, which would mark the eighth straight
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BusinessThe United States Securities and Exchange Commission has proposed a new regulatory framework for crypto custody by investment advisers and regulated funds, giving the industry a compliant path to hold digital assets for clients where none existed before. The proposal, published on October 1, 2026, m
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BusinessA federal judge has approved Paramount Skydance’s settlement with 12 U.S. states, clearing the final legal hurdle for its $81 billion takeover of Warner Bros. Discovery. The five-year consent decree sets film quotas, editorial safeguards for CNN and CBS, and an early-October closing.
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BusinessThe government of Pakistan has announced the inclusion of older bikes and rickshaws in its fuel relief scheme, aiming to provide relief to low-income citizens. The decision was made to help those who rely on these vehicles for their daily commute and livelihood. The fuel relief scheme was initially launched to provide subsidies to citizens
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BusinessPakistan's electric vehicle market is on the rise, with the government and private sector investing heavily in the development of EV infrastructure and manufacturing. The country aims to reduce its reliance on fossil fuels and decrease greenhouse gas emissions, making electric vehicles an attractive option. The growth of the electric vehicle market in Pakistan is
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BusinessPakistan's Minister for Overseas Pakistanis and Human Resource Development, Sajid Hussain Turi, has called on European countries to provide greater access to their labour markets for Pakistani workers. This move aims to strengthen economic ties between Pakistan and Europe while also providing employment opportunities for Pakistani citizens. The Minister emphasized the need for European countries
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