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AFP
Feb 10, 2025

Trump tells US Treasury to stop minting new pennies

The so-called Department of Government Efficiency — a cost-cutting initiative led by billionaire Elon Musk that has helped slash federal spending — highlighted the cost of producing pennies in a post on X in January.

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Reuters
Feb 10, 2025

Shares dither on global markets, dollar firm on trade war risk

German Chancellor Olaf Scholz said the European Union was ready to respond “within an hour” if the US levied tariffs on European goods, highlighting the risks of an escalating trade war.

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Reuters
Feb 10, 2025

Macron signals investments of 109 billion euros in French AI by private sector

The financing includes plans by Canadian investment firm Brookfield to invest 20 billion euros in AI projects in France and financing from the United Arab Emirates which could hit 50 billion euros in the years ahead.

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Reuters
Feb 10, 2025

Sony to offer PlayStation Plus users five-day extension after global outage

The outage, which began late Friday, left users unable to sign in, play online games or access its online store. By Saturday evening, the company said PSN had been restored.

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Web Desk Karachi
Feb 10, 2025

Tesla sales plummet in Germany as Musk backs far-right party

In January, the company registered only 1,277 new car sales in Germany, marking the lowest monthly total since July 2021.

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Web Desk Karachi
Feb 10, 2025

Government expected to increase petroleum levy to meet Rs1281 billion target

The petroleum levy collection has risen by Rs76.67 billion year-on-year from July to December 2024-25, compared to Rs472.77 billion in the same period of the previous fiscal year.

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Web Desk Karachi
Feb 10, 2025

Pakistan seeks two-year rescheduling of $3.4 billion debt from China amidst IMF concerns

Pakistan has reached out to the Export-Import (Exim) Bank of China to reconsider loan repayments due from October 2024 to September 2027. The government is working to secure financing to cover a $5 billion external financing gap for the duration of the three-year IMF programme.

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Reuters
Feb 10, 2025

All of Donald Trump’s tariffs and threatened trade actions

They range from broad ones – a universal tariff on foreign-imported goods – to ones aimed at specific sectors, regions, or countries in an effort to get others to meet his policy demands.

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Web Desk Karachi
Feb 10, 2025

IMF mission arrives to assess governance and corruption

The government has sought capacity development assistance from the IMF for the Governance and Corruption Diagnostic Assessment (GCDA)

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Web Desk Karachi
Feb 10, 2025

Surge in banks’ investment in government papers hits Rs26 trillion

The data revealed that banks are reaping record profits, benefiting from high-interest rates around 22 percent throughout FY24, with returns on Treasury bills sometimes exceeding the policy rate.