Europe hits resistance in race to finalise green laws
Increased political resistance to new EU laws to protect the environment has left the European Commission fighting to keep intact its vision for Europe’s green transition. Ahead of elections in…
G7’s nuanced pledge to ‘de-risk’ from China reflected concerns from Europe and Japan
The leaders of the Group of Seven (G7) rich democracies this weekend pledged to “de-risk” without “decoupling” from China, an approach that reflected European and Japanese concerns about pushing Beijing…
Budget FY24: a wakeup call
The economic challenges Pakistan faces are both acute and deep as we prepare the budget for fiscal year (FY) 24. The economy faces stagflation with increasing price pressures and stagnating…
Southern Europe braces for climate change-fuelled summer of drought
Southern Europe is bracing for a summer of ferocious drought, with some regions already suffering water shortages and farmers expecting their worst yields in decades. As climate change makes the…
MoU inked to promote entrepreneurship, innovation
A Memorandum of Understanding (MOU) has been signed between ORIC Riphah International University (RIU) and Rawalpindi Chamber of Commerce and industry (RCCI) , says a press release. The signing ceremony…
Investors’ route to post-Covid China is via Europe
Investors are getting more bang for their buck this year by buying European companies with a focus on China than buying Chinese companies themselves, a sign of the unevenness of…
Fed up with shrinking savings, Europeans drain billions from banks
European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently…
Fewer luxury shoppers but bigger spenders as Chinese return to Europe
China’s five-day Labour Day holiday in early May was once a good excuse for a quick European jaunt - with a side of luxury shopping on the agenda. But with…
Eastern EU farmers fume over Ukraine grain influx
Angel Vukodinov fumes over the piles of unsold sunflower seeds in his granary in central Bulgaria. Like other farmers in eastern EU nations, he blames an influx of Ukrainian grain…
Crisis radar falls on fault lines in Europe’s commercial property
European banks appear better positioned than US peers to weather any stress from commercial property after an interest rate surge, but that does not mean Europe is out of the…
