Chinese firms to retain 50% proceeds

[ ISLAMABAD: Pakistan is exploring concrete steps to ensure Prime Minister Shehbaz Sharif’s upcoming visit to China yields tangible results, with cabinet members urging resolution of longstanding issues hampering Chinese investment instead of merely signing more MoUs. To remove a major obstacle in relocating Chinese industries to the Gwadar Free Zone, the government has decided … Read more

X declines to cooperate with French probe

PARIS: Elon Musk’s X on Monday accused French prosecutors of launching a “politically-motivated criminal investigation” that threatens its users’ free speech, denying all allegations against it and saying it would not cooperate with the probe. Earlier this month, Paris prosecutors stepped up a preliminary probe into the social media platform for suspected algorithmic bias and … Read more

Iran blames EU for nuclear deal collapse

TEHRAN: Tehran blamed European powers on Monday for the failure of a landmark 2015 nuclear deal, accusing them of breaking commitments ahead of renewed talks in Istanbul with Britain, France and Germany. The 2015 agreement — reached between Iran and UN Security Council permanent members Britain, China, France, Russia and the United States, plus Germany … Read more