Sunday, 17 February 2019
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France mulls increasing annual assistance for Pakistan to €500m

PARIS/ISLAMABAD: The French government is considering to increase the portfolio of financial assistance for Pakistan to € 500 million per annum from the current around € 150 million. The disclosure was made by Dr Marc Baréty, Ambassador of France to Pakistan, in a meeting with the Federal Secretary Ministry of ...

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Ex-Coca-Cola Engineer Charged With Stealing Secrets

WASHINGTON: A former senior engineer at Coca-Cola was indicted Thursday in Tennessee for stealing trade secrets worth an estimated $120 million to give to a Chinese company, the Justice Department announced. US national You Xiaorong allegedly stole technology for valuable BPA-free packaging jointly owned by several companies, including a former ...

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Huawei ranks world’s third biggest chip buyer

BEIJING – Huawei Technologies Co. ranked the world’s third-largest buyer of semiconductors in 2018, following Samsung Electronics Co. and Apple Inc, the China Daily reported, citing a recent report by U.S.-based research firm Gartner Inc. The Chinese tech company spent over 21 billion U.S. dollars on semiconductor chips last year, ...

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Hungary sells more bonds than planned

BUDAPEST: Hungary sold 90 billion forints ($318.19 million) worth of government bonds at an auction on Thursday, 25 billion forints more than initially offered, the Government Debt Management Agency (AKK) said.

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US-China trade talks set to open in Beijing

BEIJING: US and Chinese negotiators are set to kick off two days of official trade talks in Beijing Thursday as the world´s top two economies try to patch up their festering economic dispute. Pressure to seal an accord ahead of a March deadline lessened before the talks as US President ...

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Etihad Airways restructures Airbus, Boeing jet orders

ABU DHABI: Etihad Airways said on Thursday it has agreed with Airbus and Boeing to restructure a “large portion” of its orders, in what appeared to be a major cut in long-haul jet orders. The Abu Dhabi-owned airline said in a statement that it has committed to take delivery of ...

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German drone market to grow to 3b euros by 2030

BERLIN: The German drone market is expected to grow from 574 million euros (649.28 million US dollars) to 3 billion euros by 2030, which corresponds to an annual average growth rate of 14 percent, according to a report by the German Unmanned Aviation Association (VUL) published on Monday. VUL will ...

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PepsiCo plans to invest $1b in Pakistan

DUBAI: The PepsiCo is planning to invest $1 billion in Pakistan, the company’s Vice President Krista Pilot said. Pilot met Information Minister Fawad Chaudhry in Dubai. She told the minister that her company intends to invest $1 billion in Pakistan’s food sector. She said that the PepsiCo will invest in ...

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Bill Gates says China major contributor to global progress

NEW YORK: Bill Gates, co-chair of the Bill and Melinda Gates Foundation, Tuesday said that exciting progress against poverty and disease around the world has been made in 2018, and China has been a major contributor to this progress. In a video speech exclusively broadcast via Xinhua, Gates said over ...

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British Airways stops selling its shares to outside EU citizens

LONDON: The parent company of British Airways and Iberia has stopped the sales of its stock to investors outside of the European Union. EU-ownership rules dictate that more than half of an airline’s stock must be held by shareholders that are based within the economic bloc. International Consolidated Airlines Group ...

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