Author: i2wtc
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 10, 2025.Keystone/eda/martial Trezzini | Via ReutersSenior U.S. and Chinese negotiators meet in Stockholm on Monday to tackle longstanding economic disputes at the center of the countries’ trade war, aiming to extend a truce keeping sharply higher tariffs at bay.China is facing an Aug. 12 deadline to reach a durable tariff agreement…
Listen to article At least six more people lost their lives and 22 others were injured in rain and flood-related incidents across the country in the past 24 hours, the National Disaster Management Authority (NDMA) reported. According to the NDMA, the latest casualties were reported from Punjab and Balochistan, where two and four deaths occurred, respectively. The fatalities were caused by flooding, collapsing roofs, and drowning incidents. The authority further stated that since the beginning of the monsoon season on June 26, a total of 271 people have died, and 655 others have been injured in various rain-related incidents nationwide. The Pakistan…
Listen to article Pakistan is set to launch another remote‑sensing satellite from a Chinese launch centre next week, the Space and Upper Atmosphere Research Commission (SUPARCO) announced on Sunday. The satellite will enhance Earth observation capabilities to support national resource management and bolster disaster response systems. The new satellite, set to launch from China’s Xichang Satellite Launch Center (XSLC) on July 31, is expected to serve a broad range of national priorities — from precision agriculture and urban planning to infrastructure monitoring, transport network mapping, and hazard risk assessment. It will also bolster disaster preparedness by providing real-time alerts for floods, earthquakes,…
Series leader Oscar Piastri grabbed an early lead and extended his title advantage on Sunday when he drove to a perfectly-controlled triumph ahead of McLaren team-mate and title rival Lando Norris at a rain-delayed Belgian Grand Prix. The 24-year-old Australian managed his tyres expertly to remain out of reach in the closing laps as the Briton, 25, who had started on pole, closed in on a harder-wearing compound, finishing 3.415 seconds clear as McLaren reeled off their sixth 1-2 in a dominant season. It was Piastri’s first win at the classic Spa-Francorchamps circuit, his sixth this season and the eighth…
U.S. President Donald Trump shakes hands with European Commission President Ursula von der Leyen, after the announcement of a trade deal between the U.S. and EU, in Turnberry, Scotland, on July 27, 2025.Evelyn Hockstein | ReutersPresident Donald Trump announced Sunday that the U.S. reached a trade deal with the European Union, following pivotal discussions with European Commission President Ursula von der Leyen days before the Aug. 1 tariff deadline.Trump said that the deal imposes a 15% tariff on most European goods to the U.S., including cars.Some products, including aircrafts and their components, some chemicals and pharmaceuticals, will not be subject…
Listen to article Pakistan has reported three new polio cases, raising the total number of confirmed cases in 2025 to 17, according to the National Institute of Health (NIH) in Islamabad. The latest cases were confirmed by the Regional Reference Laboratory for Polio Eradication at NIH on Sunday. Two of the cases were reported from Khyber-Pakhtunkhwa (K-P)— in the districts of Lakki Marwat and North Waziristan — while the third was from Umerkot district in Sindh. The affected children include a 15-month-old girl from Union Council Takhtikhel in Lakki Marwat, a six-month-old girl from Union Council Mir Ali-3 in North Waziristan, and…
Listen to article At least 15 people were killed and over 30 others injured in two separate bus accidents on M2 Motorway near Chakwal, rescue and motorway police officials confirmed. In the first incident, eight people were killed and 18 others injured when a private bus overturned near the Balkasar Interchange while travelling from Rawalpindi to Lahore. According to motorway police, the accident occurred after the front-left tyre burst, causing the driver to lose control and the vehicle to overturn. Emergency responders, including six rescue vehicles and 25 personnel, arrived at the scene and shifted the injured to DHQ Hospital Chakwal. Minor…
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025.David A. Grogan | CNBCCommerce Secretary Howard Lutnick said Sunday that the European Union should agree to open its markets for U.S. exports to convince President Donald Trump to lower “reciprocal” tariffs on the 27-member bloc.Lutnick’s comments suggest that Trump is open to a deal with the EU, but reiterated that the president still believes there’s roughly a 50-50 chance that one can ultimately be reached.”The question is, do they offer President Trump a good enough…
The market may be trading around record highs, but the Verdence Capital Advisors CIO is worried trouble is lurking.Megan Horneman, who oversees $4.1 billion in assets under management, thinks there’s too much complacency around the Aug. 1 U.S. trade deadline.”This market is pricing in the perfect situation,” she told CNBC’s “Fast Money” on Monday.In addition to tariff concerns, she lists uncertainty regarding Federal Reserve policy and overbought conditions from a technical perspective as potential issues.”Once we see that [rate cuts] might be priced off the table, coinciding with the fact that we’re not quite sure what’s going to happen with…
PUBLISHED July 27, 2025 KARACHI: For over a century, camel caravans laden with silk, jade, porcelain, and spices traversed the expansive deserts of China’s far-western frontier. These caravans, carrying merchandise from China and Central Asia, endured a grueling journey, crisscrossing the formidable Pamir and Tianshan mountain ranges en route to Kashgar — an oasis town at the heart of the fabled Silk Road. As a vibrant kaleidoscope of civilisations, Kashgar flourished as a hub where goods, knowledge, and cultures not only met, but also mingled. However, Kashghar together with other ancient Silk Road towns gradually slipped into economic obscurity in…