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Tax rationalisation to cut auto prices

KARACHI: The government is mulling over a proposal to amend the duties and taxes regime in the new auto policy in order to bring vehicles within the reach of the middle class. “Prime Minister Shehbaz Sharif is keen on making vehicles cost effective for the middle class,” the CEO of the Engineering Development Board (EDB), Hammad Ali Mansoor, told a media briefing on Monday. Three small electric vehicles in completely built-up form are due in Karachi during the third quarter of this year. This...

Malaysian bust spotlights shadow fleet oil trade in Southeast Asia

The bust of an illegal transfer of oil between tankers in Malaysian waters has returned the spotlight to the shadow fleet trade in fuel – much of it from sanctioned nations – in Southeast Asia, which continues despite the paralysis of legitimate shipping routes triggered by the Iran war. Two tankers were intercepted in waters off Bagan Ajam, off the coast of Penang, on Saturday during an alleged illegal transfer of more than 700,000 litres of diesel worth an estimated 5.43 million ringgit...

यूपी में ₹20,000 न्यूनतम वेतन की खबर झूठी! सरकार ने किया खंडन

Uber to hit Aussies with a fuel surcharge from TOMORROW: How much more you'll be paying

Uber to hit Aussies with a fuel surcharge from TOMORROW: How much more you’ll be payingUber to introduce fuel surcharge tomorrowPrice hike will last until June 8 Read more: Aussie can't get an Uber because he's 'too fat' By BURNEY WONG Published: 02:24, 14 April 2026 | Updated: 02:24, 14 April 2026 e-mail View comments

HSBC CEO on Impact of Middle East Conflict

“We’re saddened and concerned with what’s happening in the Middle East, and we’re concerned not just with what’s happening, but also with how long this will take,” HSBC CEO Georges Elhedery tells Bloomberg Television in Hong Kong. (Source: Bloomberg)

Taiwanese Stocks Refresh Record High on AI Trade Comeback

MarketsTaiwanese Stocks Refresh Record High as AI Trade Stages ComebackFacebookXLinkedInEmailLinkGiftFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Sangmi Cha and Bernadette TohApril 14, 2026 at 1:05 AM UTCUpdated on April 14, 2026 at 1:24 AM UTCBookmarkSaveTaiwanese stocks rose to a new record as investors returned to the pre-Iran...

Finance minister briefs IMF on economic impact of Middle East conflict

Washington: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Tuesday briefed IMF Director Jihad Azour on the economic impact of the ongoing Middle East conflict on Pakistan’s economy. According to the Ministry of Finance, Senator Aurangzeb commenced his engagements at the World Bank–IMF Spring Meetings 2026 with a meeting with Jihad Azour in Washington, D.C. The finance minister held a productive discussion with Mr. Azour, Director of the Middle East and Central Asia Depa...

Vance says ‘ball is in the Iranian court’

Vice President Vance said Monday that the “ball is in the Iranian court” regarding the next steps toward reaching an agreement to end hostilities with the U.S. During a roughly 20-minute interview with host Bret Baier on Fox News’s “Special Report,” the vice president said the delegation he led to Islamabad, Pakistan, left without an…

HSBC CEO Warns Mideast Conflict Is Denting Global Confidence

HSBC Holdings Plc Chief Executive Officer Georges Elhedery said the conflict in the Middle East and broader “uncertainties” are beginning to dent client confidence as investors navigate an increasingly volatile global landscape.

BlackRock’s Asia Private Credit Fund Sees China Borrower Default

A BlackRock Inc. private credit fund in Asia has suffered the first default by a borrower in its portfolio after a Chinese company failed to repay a loan, according to people familiar with the matter.

Minister says Pakistan ‘committed’ to repay US$3 billion loan from UAE

Pakistan is considering financing from both countries and banks as options to repay a US$3 billion loan from the United Arab Emirates and help maintain foreign exchange reserve levels amid soaring oil prices, Finance Minister Muhammad Aurangzeb said. The South Asian country this month failed to reach an agreement with the UAE to roll over the debt for the first time in seven years, adding pressure on external buffers at a time when the economy is getting hit by the fallout from the conflict in.....

Another iconic Paddington Bear statue takes battering... and is now looking for a new home

Another iconic Paddington Bear statue takes battering... and is now looking for a new homeBy JAKE HOLDEN, UK NEWS REPORTER Published: 01:38, 14 April 2026 | Updated: 01:38, 14 April 2026 e-mail View comments

Man whose wife vanished after falling overboard during Bahamas trip released from jail without charges

Man whose wife vanished after falling overboard during Bahamas trip released from jail without chargesBy GREG WOODFIELD IN ABACO ISLANDS, THE BAHAMAS and MELISSA KOENIG, US REPORTER Published: 01:27, 14 April 2026 | Updated: 01:35, 14 April 2026 e-mail View comments

Ford CEO’s dire warning: Chinese EVs will crush America’s auto heartland

Ford CEO Jim Farley has issued a stark warning: Chinese-made electric vehicles, developed and manufactured with generous state subsidies, will crush US carmakers through low-cost offerings.In a recent interview, the auto executive urged the US government to block Chinese-made electric vehicles from entering the market.“We should not let them into our country,” Farley declared. “Manufacturing is the heart and soul of our country, and for us to lose that to those exports would be devastating.”Ford...

FinMin hopes for early IMF board approval to keep reforms on track

Federal Minister for Finance Muhammad Aurangzeb, on Tuesday expressed hope for early approval by the IMF Executive Board of the Staff-Level Agreement (SLA), as he met Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF) Jihad Azour on the sidelines of the World Bank–IMF Spring Meetings 2026, according to a post on X by the finance ministry. FinMin held a series of high-level meetings with international financial institutions, US officials, and g...

Qantas cuts its domestic flights as fuel crisis delivers $800million blow - how it will affect you

Qantas cuts its domestic flights as fuel crisis delivers $800million blow - how it will affect youBy CAITLIN POWELL - NEWS REPORTER Published: 00:58, 14 April 2026 | Updated: 01:04, 14 April 2026 e-mail 1 View comments

Antofagasta Signals Interest in Joining Argentina’s Copper Rush

Antofagasta Plc is taking an early look at opportunities in Argentina as sweeping policy changes revive interest in one of the world’s most promising new copper frontiers, Chief Executive Officer Iván Arriagada said in an interview.

United Airlines CEO pitched American Airlines tie-up in meeting with Trump, sources say

WASHINGTON/CHICAGO: United Airlines CEO Scott Kirby pitched the ​potential for merging with American Airlines in a meeting with U.S. President Donald Trump in late February, two sources said, raising the prospect of an industry-reshaping deal likely to ‌face significant regulatory hurdles. A combination of two of the largest U.S. network carriers would mark the biggest consolidation move in more than a decade, further tightening a domestic market already dominated by four similarly sized players...

7-Eleven closing hundreds of locations amid company’s transition to new store format: reports

NewsWorldAmericas7-Eleven closing hundreds of locations amid company’s transition to new store format: reportsSome locations scheduled for change will be turned into wholesale fuel stores instead of closing. These sites are tracked separately from the company's main retail countJasmine Fernández in Miami Tuesday 14 April 2026 00:54 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link...

UAE, Uzbekistan discuss strengthening partnerships in new economy sectors

DUBAI: Abdulla bin Touq Al Marry, Minister of Economy and Tourism, met today with a high-level Uzbek delegation to discuss expanding bilateral economic and investment ties.The talks focused on fostering sustainable development partnerships across priority sectors including the new economy, tourism, aviation, fintech, transport, and renewable energy. Discussions also covered food security, logistics, manufacturing, infrastructure, and banking to enhance economic integration.The Uzbek delegation i...