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A drone photo taken on Aug. 7, 2025 shows a cargo ferry being loaded with autos for export at a dock in Lianyungang Harbor, Lianyungang, east China’s Jiangsu Province. (Photo by Wang Chun/Xinhua)BEIJING, Aug. 11 (Xinhua) — China’s auto industry registered solid year-on-year growth in both output and sales in July, according to industry data released Monday.In July alone, the country’s auto output was 2.591 million units — a 13.3 percent year-on-year increase — while sales grew 14.7 percent to 2.593 million units, per data from the China Association of Automobile Manufacturers (CAAM).China’s total auto output in the first seven…

Listen to article Prime Minister Shehbaz Sharif warned India that any attempt to block Pakistan’s water in violation of the Indus Waters Treaty would be met with a decisive response. “You threaten to stop our water. If you attempt such a move, Pakistan will teach you a lesson you will never forget,” he said while addressing an event on International Youth Day in Islamabad on Tuesday. He stressed that water was crucial for Pakistan’s survival and that the country would not compromise on its rights under international agreements. Sharif also reflected on the recent military achievement against India, recalling the May 10…

U.S. President Donald Trump (L) invites Nvidia CEO Jensen Huang to speak in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesThe Trump administration is still working out the details of its 15% export tax on Nvidia and AMD and could bring deals of this kind to more companies, the White House’s Karoline Leavitt said Tuesday.”Right now it stands with these two companies. Perhaps it could expand in the future to other companies,” said Leavitt, the White House’s spokesperson. “The legality of it, the…

E. J. Antoni, Heritage Foundation economist and former economist for the Texas Public Policy Foundation.Courtesy: Texas Public Policy FoundationHeritage Foundation economist  E. J. Antoni, who President Donald Trump picked Monday to lead the Bureau of Labor Statistics, recently floated the idea of the BLS suspending its traditional monthly jobs reports.Antoni, in an interview last week with Fox News Digital, questioned the accuracy of those monthly reports, which are key economic indicators that Wall Street investors and economists rely upon to assess the health of the U.S. labor market.”How on earth are businesses supposed to plan – or how is the…

A nurse prepares doses of the Pfizer vaccine during a COVID-19 vaccination event at Josephine’s Southern Cooking in Chatham, Illinois, Dec. 30, 2021.Brian Cassella | Tribune News Service | Getty ImagesThe Food and Drug Administration is considering revoking its authorization of Pfizer’s Covid-19 vaccine for healthy children under the age of 5, the drugmaker confirmed to CNBC on Tuesday. The move could leave many kids with no available shot against the virus, as jabs from Moderna and Novavax are cleared for more limited populations. While Covid typically causes mild symptoms in most children, others, such as infants under 1 or those…

The Pakistan Stock Exchange (PSX) closed marginally higher on Tuesday as it entered a consolidation phase, with the benchmark KSE-100 index gaining 75.48 points, or 0.05%, to settle at 147,005.32. Analysts noted that investors adopted a cautious stance amid mixed sentiment, selective buying, and profit-taking. Trading volumes recorded an uptick, supported by gains in banking stocks, while weakness in the fertiliser and energy sectors capped overall gains. Arif Habib Limited (AHL) Deputy Head of Trading Ali Najib said the KSE-100 index floated in both directions during the session before closing slightly positive, maintaining the key 147,000 level. “Mixed sentiment was…

Mike Intrator, co-founder and CEO of CoreWeave, speaks at the Nasdaq headquarters in New York on March 28, 2025.Michael M. Santiago | Getty Images News | Getty ImagesCoreWeave shares fell about 6% in extended trading on Tuesday even as the provider of artificial intelligence infrastructure beat estimates for second-quarter revenueHere’s how the company did in comparison with LSEG consensus:Earnings per share: Loss of 21 centsRevenue: $1.21 billion vs. $1.08 billion expectedRevenue more than tripled from $395.4 million a year earlier, CoreWeave said in a statement. The company registered a $290.5 million net loss, compared with a $323 million loss in…

Customers arrive at a Cava restaurant in New York City on June 22, 2023.Brendan Mcdermid | ReutersCava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter.For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% to 8%.Shares of the company plunged more than 20% in extended trading. The stock has fallen 40% this year, including the after-hours move.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: 16 cents vs. 13 cents…

Listen to article Prime Minister Shehbaz Sharif on Tuesday directed authorities to ensure the completion of the 100-megawatt solar power project in Gilgit-Baltistan (G-B) within a year, reaffirming the federal government’s full financial commitment to the initiative. Chairing a review meeting in Islamabad, the prime minister said the project would be executed on a priority basis to provide uninterrupted, low-cost, and environmentally sustainable electricity to the region, which frequently faces prolonged power outages. The premier said he would personally supervise the progress of the project, which he described as a crucial step toward ending energy shortages in G-B. He further instructed that…

FILE PHOTO: DJ D-SOL performs during the ‘Safe & Sound’ Drive-In Concert Fundraiser Presented by JAJA Tequila and In The Know Experiences In Partnership with Bumble at Nova’s Ark Project on July 25, 2020 in Water Mill, New York.Kevin Mazur | Getty ImagesPresident Donald Trump on Tuesday said that Goldman Sachs CEO David Solomon should either replace his economist or “just focus on being a DJ,” days after the bank’s economist warned that American consumers will pay for an increasing share of new tariffs.Trump’s broadside against Solomon — who moonlights as a DJ — came as the president touted the…