Business Recorder

India cancels soymeal export deals, turns to African soybean imports, sources say

MUMBAI: Indian traders have cancelled 25,000 metric tons of soymeal export contracts for the ​first time since 2021 and booked 80,000 tons of imports from African countries after soaring domestic ‌prices reversed trade flows, trade sources said. T…

#India #Soybean #Trade

Business Recorder

April shipments of foreign-branded phones in China up 1.8% Y/Y, CAICT data shows

BEIJING: Shipments of foreign-branded mobile phones ​in China for ‌April, including Apple’s iPhones , were up 1.8% from ​the same month ​last year, Reuters calculations ⁠based on data ​released by a government-affiliated ​research firm on Tuesday …

#China #SmartphoneMarket #Economy

Business Recorder

Lahore Fort Picture Wall restoration: a milestone for heritage conservation

The United Nations Educational, Scientific and Cultural Organization (UNESCO) has described the completion of restoration works on the Picture Wall at Lahore Fort as one of Pakistan’s most ambitious heritage conservation efforts. The Picture Wall …

#Lahore #LahoreFort #HeritageConservation

Business Recorder

Seven die in France from causes related to heatwave

PARIS: Seven people have died in France in ​circumstances related directly or ‌indirectly to the current heatwave, French Junior Energy Minister Maud ​Bregeon said on Tuesday. Make sense of the latest ESG trends affecting companies and governments…

#France #Heatwave #ClimateChange

Business Recorder

China restricts overseas travel for top AI talent at Alibaba and DeepSeek, Bloomberg News reports

China is restricting overseas ​travel for ‌top professionals involved in advanced ​and strategically ​important AI work at ⁠firms like ​Alibaba Group ​Holding and DeepSeek , Bloomberg News reported ​on Tuesday, ​citing people familiar with ‌the ⁠m…

#China #Alibaba #DeepSeek #ArtificialIntelligence

Business Recorder

Gold price drops by Rs2,400 per tola in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs475,362 after a decline of Rs2,400 during the day. Similarly, 10-gram gold was sold at Rs407,546 a…

#GoldPrice #Economy2024

Business Recorder

UK shop price inflation picks up, retailers ask government to help

LONDON: British shop price inflation sped up in May on the back of disruption and ​higher energy costs caused by the Iran ‌war, according to a retail industry group which said the government had to do more to keep costs ​down. The British Retail C…

#UK #Inflation #Economy

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K-pop band BTS wins top American Music Awards honor for second time

K-pop sensations BTS, the globally ‌popular boy band that recently returned to the world stage after military service, scored the top honor of artist of the year on Monday at the fan-voted American Music Awards in Las Vegas. The group also claimed…

#BTS #AmericanMusicAwards

Business Recorder

This Hajj, someone you know is in Makkah

The Dream “Next year, Insha’Allah.” “Once things settle down.” “When the business stabilizes.” But over time, that sentence has become an expensive one. Somewhere between school fees, rising bills, delayed payments, and the rupee quietly losing it…

#Hajj #Makkah

Business Recorder

South African rand slips on Iran uncertainty ahead of key central bank data

JOHANNESBURG: South Africa’s rand edged lower in early Tuesday trading, weighed down by high oil prices as hopes for a ​deal to end the Iran conflict remained uncertain, while central ‌bank data was expected to provide insight into the economic ou…

#SouthAfrica #Iran #SouthAfricanRand