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Pakistan's ailing economy gets USD 1.3 billion infusion from ADB

The ADB's quick dispersing special policy-based loan is part of a multi-donor economic reform programme led by the IMF to stabilise Pakistan's economy after a major deterioration in its fiscal position in 2018, according to a statement by the Manila-based regional lender.

Major US, global cities slowing amid worldwide slump: Report

Nine of the top 10 biggest global cities will slow next year, with the stars of the US Silicon Valley showing the most dramatic signs of slamming on the brakes, Oxford Economics researchers found in a report.

Banks gave USD 745 billion to groups planning new coal power plants: NGOs

The report's release comes as world leaders met this week in Madrid for a 12-day UN climate summit, where they are expected to hammer out some of the details of the 2015 Paris agreement. But the report released by environmental groups on Thursday cites more than 1,000 new coal power stations or units in the pipeline.

How Google’s founders slowly stepped away from their company

On Tuesday, Page and Sergey Brin stepped down from day-to-day executive roles at Alphabet.

General Motors, LG Chem to announce EV battery joint venture in Ohio

One source familiar with the matter told Reuters earlier that the facility, expected to be located in the Lordstown area of Ohio, would see investment of more than $2 billion, with GM and LG Chem expected to invest more than $1 billion each.

Japan unveils USD 120 billion stimulus package

The package is also aimed at helping alleviate the impact of a recent tax hike and survive a potential economic slowdown after a spending boom for the 2020 Tokyo Olympics.

Huawei moves to overturn 'unlawful' US subsidy ban

Huawei's petition said the ban -- imposed last month against the company and its Chinese rival ZTE on national security grounds -- failed to substantiate claims that Huawei was a threat and was a violation of due process, and thus "unlawful". "Huawei is a Chinese company. That is (Washington's) only excuse," Huawei's chief legal officer Song Liuping said.

For Sundar Pichai,  an Alphabet of worries

Rising regulatory scrutiny, increased tax demands & threat from Chinese cos is what Pichai is staring at.

Hyundai Motor eyes thrust on electric vehicles in $52 bln investment plan

Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver.

Alphabet answers a CEO question but raises new ones

Pichai will assume the CEO role at parent firm Alphabet in a shakeup at the top of the Silicon Valley titan.

Pak family-run UK company, Formations House, at centre of global investigation

Pak family-run UK company, Formations House, at centre of global investigation

Founded by Pakistani-origin businessman Nadeem Khan, Formations House emerged as a known destination for companies wishing to set up offshore entities and financial institutions. While Khan died in 2015, weeks before he was to stand atrial for money laundering in London, the company is being run by his daughter, Charlotte Pawar.

Huawei faces ire in China over staff treatment

Huawei faces ire in China over staff treatment

The treatment of Li Hongyuan, who had worked for the company for 13 years, has become one of the most discussed topics in recent days on China's Twitter-like Weibo platform. ​​Li's case surfaced publicly when court documents detailing his case were posted online. State media outlets later reported how he was detained by police on an extortion charge for 251 days last year.

Rich-world problem of lowflation has arrived in emerging markets

Rich-world problem of lowflation has arrived in emerging markets

The biggest ones are their currencies, which don’t loom so large for rich-world central bankers (although U.S. President Donald Trump thinks they should). Emerging-market exchange rates get bounced around as capital shifts in and out -– flows that have been amplified by years of cheap money in developed countries.

White House considered kicking Huawei out of US banking system: Sources

White House considered kicking Huawei out of US banking system: Sources

The plan, which was ultimately shelved, called for placing Huawei Technologies Co Ltd, the world's second largest smartphone producer, on the Treasury Department's Specially Designated Nationals (SDN) list. One of the people familiar with the matter, who favors the move, said it could be revived in the coming months depending on how things go with Huawei.

France, US Spar over Digital Tax

France, US Spar over Digital Tax

The French parliament infuriated the administration of President Donald Trump in July by adopting a law taxing digital firms like Google, Apple, Facebook and Amazon for revenues earned inside the country. Talks to resolve the issue have so far failed, and on Monday Washington threatened to impose tariffs of up to 100% on $2.4 billion in French goods.

Nokia names veteran Sari Baldauf as group boss to take on 5G challenge

Nokia names veteran Sari Baldauf as group boss to take on 5G challenge

Baldauf headed Nokia's networks unit - now the company's main business - between 1998 and 2005. She has sat on Nokia's board of directors since last year and has also sat on the boards of companies including Daimler, Deutsche Telekom and Akzo Nobel and Finnish utility Fortum.

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