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Web Desk Karachi
Apr 09, 2025

Indonesian rupiah surpasses 1998 low, central bank steps in

The currency dropped 0.5 percent to 16,957 per dollar during intraday trading on Wednesday. That surpassed its previous weakest point in 1998, during the Asian Financial Crisis.

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Reuters
Apr 09, 2025

Russia says it destroys 158 drones in major Ukrainian drone attack

The Russian defence ministry said in a post on the Telegram messaging app that its air defence units destroyed 158 Ukrainian drones overnight, including 29 over the southern Rostov region.

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Reuters
Apr 09, 2025

In China, whispers of change as some companies tell staff to work less

A State Council action plan to boost consumer spending unveiled in March said workers’ rights to rest and vacation should be guaranteed and paid leave should be encouraged. State media have also run articles making those points.

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Web Desk
Apr 09, 2025

Pakistan’s economic growth rate expected to reach 3pc in 2026: ADB

In December last year, ADB had predicted three percent growth for FY25 which has now fallen to 2.5 percent.

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Reuters
Apr 09, 2025

South Korea’s Kia cuts EV sales target by more than 20pc for 2030

The company also said there was increasing uncertainty over US policy on the auto industry.

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Reuters
Apr 09, 2025

Universal Studios to open first European theme park near London

The park will create 20,000 jobs during construction and a further 8,000 jobs across the hospitality and creative industries when it opens, it said.

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Reuters
Apr 09, 2025

Foxconn wants to work with Nissan on EVs, strategy chief tells Nikkei

Foxconn Chief Strategy Officer for EVs Jun Seki made the remarks ahead of a seminar in Tokyo on Wednesday where the contract manufacturer aims to lay out its EV strategy to Japanese companies.

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Web Desk Karachi
Apr 09, 2025

Which European firms are most exposed to US market risks?

Goldman Sachs has downgraded its earnings forecasts for European firms, predicting a 7 percent decline in earnings per share for 2025 and flat growth for 2026, far below earlier expectations.