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Media professionals work at Shougang Park, the venue of upcoming China International Fair for Trade in Services (CIFTIS), in Beijing, capital of China, Sept. 9, 2025. This year’s CIFTIS is scheduled to take place here from Sept. 10 to 14. (Xinhua/Li Xin)This photo taken on Sept. 9, 2025 shows a view of Shougang Park, the venue of upcoming China International Fair for Trade in Services (CIFTIS), in Beijing, capital of China. This year’s CIFTIS is scheduled to take place here from Sept. 10 to 14. (Xinhua/Li Xin)This photo taken on Sept. 9, 2025 shows a view of Shougang Park, the…
ISLAMABAD: A five-member constitutional bench (CB) headed by Justice Aminuddin Khan took up on Monday a case pertaining to the imposition of super tax. Federal Board of Revenue’s (FBR) counsel Asma Hamid began with opening arguments. She apprised the court that no taxpayer had challenged the Lahore High Court’s (LHC) verdict, upholding the legality of the super tax imposed under Section 4C of the Income Tax Ordinance, 2001, while reducing its rate for several industries. She added that the Islamabad High Court (IHC) had already issued rulings on both sections of the matter, noting that 89 petitioners had filed applications…
The Aion V is one of the cars GAC is launching in Europe as it looks to expand its presence in the region. The Aion V is on display at the company’s stand at the IAA Mobility auto show in Munich, Germany on September 9, 2025.Arjun Kharpal | CNBCGuangzhou Automobile Group (GAC) aims to increase its European electric car sales 17-fold over the next two years, becoming the latest Chinese player to take on the region’s traditional automakers through aggressive expansion.The entrance of the Chinese state-owned carmaker will exacerbate competition in the already intense European market that has recently seen…
Max Verstappen of Red Bull Racing competes during the British Grand Prix, the 12th round of the Formula 1 World Championship, at Silverstone Circuit in Northampton, United Kingdom, on July 06, 2025. Rasid Necati Aslim | Anadolu | Getty ImagesCarlyle is set to announce a new partnership with Formula 1 team Oracle Red Bull Racing as private markets firms aim to ramp up their exposure to the high-net worth and retail investor cohorts, CNBC has learned.The agreement will plaster Carlyle’s branding on Red Bull’s RB21 challenger, drivers’ team kits, the pit wall and the garage, the two companies said Tuesday.…
Chinese President Xi Jinping meets with Portuguese Prime Minister Luis Montenegro at the Great Hall of the People in Beijing, capital of China, Sept. 9, 2025. (Xinhua/Huang Jingwen)BEIJING, Sept. 9 (Xinhua) — Chinese President Xi Jinping met with Portuguese Prime Minister Luis Montenegro in Beijing on Tuesday.Xi said both China and Portugal are nations with a long history and rich culture, and the two peoples share the character traits of being open, inclusive, enterprising and self-reliant, adding that the two sides have appropriately resolved the Macao issue through friendly consultations.Xi said in recent years, the two countries have achieved fruitful…
KARACHI: Weeks of torrential monsoon rains have unleashed catastrophic floods across Pakistan, killing more than 920 people, displacing nearly 2 million, submerging vast stretches of farmland, and sweeping away homes, schools and livestock. The disaster could now trigger one of the country’s largest internal migrations since the devastating 2010 floods, aid agencies and local experts warn. “Migration has already started in several areas as unprecedented rains and floods have left nothing behind for millions of people,” Shaukat Ali Chadhar, president of the Federation of Pakistan Chambers of Agriculture, told Anadolu. Chadhar said the ongoing deluges have already affected around 10…
Humanoid robot from Unitree Robotics after a boxing match during the World Smart Industry Expo 2025 at Chongqing International Expo Center in Chongqing, China on September 7, 2025. China News Service | China News Service | Getty ImagesUnitree Robotics, one of China’s hottest technology startups, is planning an initial public offering that could value the company at up to 50 billion yuan ($7 billion), and help establish itself as a global leader in humanoid robots. So-called humanoid robots are artificial intelligence-powered machines designed to resemble humans in appearance and movement, with applications in the industrial and service sectors.Zhejiang-based Unitree has established…
After two decades going to Starbucks every day at 4:30 a.m., longtime customer Tony Dennis abandoned the company last year.”I was frustrated,” he told CNBC.The customer experience he used to love had disappeared. Baristas didn’t engage with him, despite his daily visits. At the same time, the cost of his double-shot tall nonfat lattes and double-shot tall nonfat cappuccinos kept climbing.The 65-year-old Las Vegas real estate developer wasn’t the only Starbucks customer who no longer felt the same loyalty. Following a drift of customers away from the chain and two disastrous earnings reports, Starbucks’ board ousted then-CEO Laxman Narasimhan and…
MIRANSHAH: Security forces on Monday killed eight terrorists, including some Tehreek-e-Taliban Pakistan (TTP) commanders, during an operation in Datta Khel tehsil of North Waziristan district. The operation was ongoing till the filing of this report, with security sources claiming that more than two dozen terrorists were still holed up in the area and using villagers as human shields. Once again, Datta Khel echoed with the sound of gunfire and explosions, as the local population remained confined to their houses and faced shortages of food and other necessities. Security sources said that 3035 terrorists were still hiding in different locations and…
Nebius, which was spun out from Russian internet giant Yandex, provides graphics processing units or GPUs for training artificial intelligence models.Sopa Images | Lightrocket | Getty ImagesArtificial intelligence infrastructure firm Nebius Group soared in U.S. premarket trading on Tuesday, following the company’s announcement of a multi-billion-dollar deal with Microsoft.Nebius’ stock was up 49% at 10:03 a.m. London time (05:03 a.m. E.T.)The Amsterdam-based firm announced it had struck a multi-year deal with Microsoft worth $19.4 billion to provide cloud computing power for AI workloads. Nebius, which was spun out from Russian internet giant Yandex in 2023, provides graphics processing units —…