Taiwan has rejected ride-hailing giant Uber’s plan to buy Delivery Hero’s Foodpanda on the island, stating on Wednesday that the deal would significantly harm market competition. The US ride-hailing giant was aiming to acquire Foodpanda Taiwan by the first half of 2025 for US$950 million, merging the top two players in Taiwan’s food delivery market. “If Uber acquires Foodpanda, it will be c
The Asian Development Bank has proposed a risk-layered structure to stimulate, develop and implement financially sustainable and scalable disaster risk financing strategies and solutions to enhance the enabling environment for epidemic and pandemic risk financing. The ‘Country Diagnostics Assessment: The Enabling Environment for Epidemic and Pandemic Risk Financing in Pakistan’ report says the
Domestic prices of liquefied petroleum gas (LPG) in Russia halved in December from the previous month due to an influx of the fuel, exports of which have been curbed by European sanctions, Reuters calculations showed. The European Union’s sanctions against Russia’s LPG took effect on Dec. 20. The restrictions were proposed last year by Poland, one of Russia’s largest LPG importers. LPG, or p
Pakistan’s trade deficit with nine neighbouring countries widened by 47.55 per cent to $4.474 billion in the first five months of the current fiscal year from $3.032bn in the corresponding period last year. Trade analysts attributed the widening gap to higher imports from China and India. During the months under review, China’s imports increased the most, while Pakistan’s exports to the same co
Pakistan Stock Exchange (PSX) on Monday boasted a highly bullish rally, where the KSE-100 index surged by a massive 4,411 points, attributed to falling government bond yields, declining lending rates, and easing political tensions, particularly the ongoing talks between the government and the opposition. Analysts also cited strong economic indicators such as rising exports, remittances, and for