Business

Islamabad, May 6, IRNA -- A senior Pakistani columnist has stressed upon the need for developing effective barter trade system between Iran and Pakistan.

Ayub Malik in his article published in Urdu daily ‘Jang’ said that many countries in the world are doing trade with Iran through barter system so Pakistan should also use that link to boost bilateral trade ties.

He said recent visit of Prime Minister Imran Khan to Iran has paved the way for durable peace in the region and enhances trade and political ties between the two countries.

ANKARA; 6 May 2019; AA: The U.S. has urged Turkey to reconsider its decision to start offshore drilling operations in Cyprus, according to a statement.

“The United States is deeply concerned by Turkey’s announced intentions to begin offshore drilling operations in an area claimed by the Republic of Cyprus as its Exclusive Economic Zone,” Morgan Ortagus, spokesperson for the U.S. Department State said in a statement on Sunday.

6 May 2019; DW: The eight-member Arctic Council is looking at ways to deal with global warming and access to mineral wealth. The thawing of ice has some countries scrambling over the earth's untapped resources.

Top diplomats from the United States, Russia and other member nations of the Arctic Council are meeting in Rovaniemi, Finland on Monday to discuss policies pertaining to the polar region.

Washington, May 6 (PTI) China is considering to cancel the high-level trade talks with the US, multiple media reports have said, hours after President Donald Trump threatened to impose more punishing tariffs on USD 200 billion worth of Chinese products.

President Trump's remarks came on Sunday as the two countries locked in a longstanding trade war seemed near to striking a trade deal.

New Delhi, May 5 (PTI) Former prime minister Manmohan Singh on Sunday said India is headed for an economic slowdown and accused the Modi government of leaving the economy in dire straits due to its "lack of economic vision".

Citing the latest economic growth figures to suggest an impending slowdown, the senior Congress leader also said the Indian economy is "over-regulated" and the government controls and interferences are aplenty with even regulators having "morphed into controllers".

OSAGE, Iowa (AP) — Democratic presidential candidate Bernie Sanders on Sunday proposed a sweeping agriculture and rural investment plan to break up big agriculture monopolies and shift farm subsidies toward small family farmers.

BANGKOK (AP) — Shares tumbled in Asia early Monday after President Donald Trump threatened to impose more tariffs on China, spooking investors who had been expecting good news this week on trade.

The Shanghai Composite index plunged 5.2% to 2,918.65, and the Hang Seng in Hong Kong sank 3.4% to 29,060.87. The future contract for the Dow Jones Industrial Average fell 1.9% to 26,003.00, while that for the S&P 500 also shed 1.9%, to 2,892.20.

MOSCOW, May 6. /TASS/: Aeroflot shares dropped 3.3% as trading opened on the Moscow Exchange on Monday to 93.5 rubles per share following the plane crash at Moscow’s Sheremetyevo airport claiming the lives of 41 people.

On Sunday, the Sukhoi Superjet 100 passenger plane operated by Aeroflot carrying 73 passengers and five crewmembers bound for Murmansk caught fire after emergency landing at Sheremetyevo shortly after the takeoff.

As of 10:07 a.m. Moscow time, the company’s shares were down 1.7% to 95.06 rubles, according to the trading data.

PARIS (AP) — French telecom giant Orange and seven former or current managers are going on trial accused of moral harassment over a wave of employee suicides a decade ago.

France’s main phone and internet company saw 19 suicides, 12 suicide attempts and eight cases of serious depression among employees from 2007-2010. The company, then called France Telecom, was undergoing job cuts and restructuring.

WASHINGTON (AP) — President Donald Trump raised pressure on China with a threat to hike tariffs on $200 billion worth of Chinese goods in a tweet that sent global financial markets swooning on Monday.

Trump’s comments on Twitter came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving a trade war that has shaken investors and cast gloom over the world economy.

Chinese government officials did not immediately respond to requests for comment.