KARACHI: The Karachi Port Trust (KPT) and a Chinese company have signed a $3 billion agreement under the China-Pakistan Economic Corridor (CPEC) project, an official said. The government is working for the development of coastal areas of Karachi under the CPEC project, CPEC authority chairman Khalid Mansoor said at the two-day fifth “The Future Summit”. … Read more
RIYADH: The EU is moving forward with plans to build a cross-continental financial system with four new legislative proposals, Bloomberg reported. This comes six years after it was first announced and a year after the latest re-launch. The EU’s executive arm hopes a “capital markets union” will break down barriers between 27 national financial markets and rulebooks … Read more
Since the outbreak of the novel coronavirus, the world economy has witnessed a huge down curve, resulting in massive job cuts. According to data, about 397,000 people in the European Union lost their jobs in April. The jobless rate rose to 6.6% in April, from a 12-year low of 6.4% in June. Read on below … Read more
