US business delegation to visit China, SCMP says
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arab News
an hour ago
- Arab News
Chinese firm eyes investment in Pakistan's ICT, new energy sectors — ministry
ISLAMABAD: GuoDong Group, a leading Chinese communications firm, has expressed 'strong interest' in investment in Pakistan's information and communication technology (ICT) and new energy sectors, the Pakistani IT ministry said on Sunday. The statement came after a meeting between Pakistan's IT Minister Shaza Fatima Khawaja and a three-member GuoDong Group delegation, led by its founder and chairman Lu Jie in Shanghai. The meeting took place on the sidelines of the Global Artificial Intelligence Conference, at which both sides discussed investment opportunities in Pakistan, according to the Pakistani IT ministry. 'The delegation expressed strong interest in investing in Pakistan's ICT sector, with a focus on telecommunication towers, data centers, and cloud computing infrastructure,' the Pakistani ministry said in a statement. 'Mr. Lu Jie also conveyed interest in expanding to new energy domains, including EV charging stations, smart city solutions, and advanced material manufacturing within Pakistan.' The development comes as Pakistan, slowly recovering from a macroeconomic crisis under a $7 billion International Monetary Fund (IMF) deal, has been looking to boost foreign investment for sustainable growth. In May, the Pakistani government allocated 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power cryptocurrency mining and Artificial Intelligence (AI) data centers. The South Asian country is also looking to build critical electric vehicle (EV) charging infrastructure as it targets 30 percent of all new vehicle sales to be electric by 2030 under its ambitious New Electric Vehicle Policy (NEVP) 2025–2030. Welcoming the proposals, Khawaja invited the GuoDong Group officials to visit Pakistan for more detailed discussions with relevant stakeholders. 'She assured the delegation of the Government's full support and facilitation to help realize these investment initiatives,' the IT ministry said.
Al Arabiya
an hour ago
- Al Arabiya
Trump says EU and US have ‘reached a deal' on trade
US President Donald Trump said Sunday that he had reached a trade agreement with European Union chief Ursula von der Leyen. 'We have reached a deal. It's a good deal for everybody,' Trump told reporters after talks with von der Leyen at his golf resort in Turnberry, Scotland. The EU chief also hailed it as a 'good deal.'
Arab News
2 hours ago
- Arab News
Bangladesh orders 25 Boeing planes as part of push to ease US tariffs
DHAKA: Bangladesh has ordered 25 aircraft from Boeing and ramped up imports of key American goods in an effort to defuse trade tensions and bring down the steep tariffs imposed by the Trump administration, a senior official said on Sunday. The moves are part of a broader strategy to narrow a $6 billion US trade deficit with Bangladesh and avoid a looming 35 percent tariff hike that has rattled the country's export sector, especially the garments industry which risks losing competitiveness in one of its largest markets. 'We need new aircraft urgently, possibly within the next couple of years,' Commerce Secretary Mahbubur Rahman told reporters. 'Initially, it was 14 planes — now it's 25,' he said, referring to an earlier plan to purchase aircraft from the US-based manufacturer. Alongside the aircraft deal, Bangladesh is boosting imports of wheat, soybean oil and cotton from the United States. A new agreement signed earlier this month will see the country import 700,000 tons of US wheat annually over the next five years. Officials hope that these steps will help improve trade relations with Washington and soften the impact of the Trump administration's tariff measures.
