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Australia is preparing a strategic reserve for critical minerals worth A$1.2 billion. The plan focuses on securing future mineral supply through sales agreements instead of storing physical stockpiles. The government’s critical minerals task force recently met with mining companies to shape the new policy. Officials aim to finalize details by the end of 2025. The…
Google says Australia’s new law banning children under 16 from social media will be very hard to enforce. The company believes the idea is good, but the plan is difficult to carry out without direct age checks. The law, starting in December 2025, requires social media companies to remove underage users. Platforms such as Google,…
Facing slack consumer demand and fierce price wars at home, Chinese food and beverage companies are increasingly turning to Singapore as the first step in their global expansion strategy. As of August, 85 Chinese F&B brands operate more than 400 outlets in Singapore—more than double the number just over a year ago. Popular names such…
Samsung Electronics is on track to record its best third-quarter profit in three years, thanks to soaring demand for artificial intelligence (AI) and a sharp rebound in memory chip prices. Analysts forecast Samsung’s operating profit to reach 10.1 trillion won ($7.1 billion) — a 10% increase compared to last year, signaling a strong recovery for…
The Asian Infrastructure Investment Bank (AIIB) has greenlit $235 million in financing for the Lahore Water and Wastewater Management Project, aiming to safeguard clean water supply and rein in sewage pollution in Pakistan’s second-largest city. Under the agreement, funds will help the Lahore Water & Sanitation Agency (LWASA) in various upgrades: The contamination of the…
Governments worldwide spent a record $701 billion on agriculture in 2023, according to a new FAO report — yet the sector’s share of economic output continues to shrink. The “Tracking Progress on Food and Agriculture-Related SDG Indicators 2025” report shows that while absolute spending on agriculture has surged, the Agriculture Orientation Index (which measures agricultural…
Beijing / Global Shipping — China announced it will levy intensive port fees on vessels built, owned, or flagged by the U.S. — or where U.S. investors hold 25% or more — in retaliation for America’s tariffs and port levies, escalating maritime tensions in the trade war. Under the plan, fees will begin at 400…
Islamabad / Washington — Pakistan’s Finance Minister Muhammad Aurangzeb has departed for the United States to attend the annual IMF and World Bank meetings, where he is expected to engage with top multilateral lenders as well as counterparts from several key nations. During his six-day visit, Aurangzeb will meet with senior officials from the IMF,…
A delegation from the Karachi Chamber of Commerce and Industry (KCCI) met with a Saudi business delegation led by Prince Mansour bin Mohammed Al Saud to discuss deepening trade and investment ties. The focus: downstream industrial projects, particularly in petrochemicals and value-addition sectors. KCCI officials emphasized the urgent need for Pakistan to build petrochemical infrastructure,…
Beijing / Islamabad — China and Pakistan have signed a RMB 5 billion (≈USD 600 million) memorandum of understanding to jointly develop smart water management and water conservancy projects across Pakistan. The agreement links Cyclon Tech (Pakistan) with China’s Shaanxi Water Development Group. Under the pact, the partners will implement digital irrigation systems, data-driven flood…
