Govt urges USTR to review its move to levy new tariffs

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US revokes Iran oil waiver amid attacks on British tankers in Strait of Hormuz

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Getty Images calls off Shutterstock merger after UK regulator's divestment demand

Getty Image has ended its planned $3.7 billion merger with Shutterstock. The UK competition regulator required Shutterstock to sell its editorial business. Getty's board decided this condition was not in the company's best interests. The companies had unveiled the deal in January 2025 to build a visual content powerhouse. Both firms now face increasing pressure from AI image generators.

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CNG, EV make up record 40% car sales in June

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Railway minister Vaishnaw launches new train services: Check routes, extensions and details

Railway Minister Ashwini Vaishnaw launched new train services and route extensions. These improvements enhance rail connectivity across Maharashtra, Uttar Pradesh, and Uttarakhand. New services connect Nanded to Mumbai and Tanakpur to Nanded. Existing routes were extended, and special services were regularized for passengers. Railways also announced special trains for Onam and Rath Yatra festivals.

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FMCG Q1 demand stable; companies flag El Nino risk

Household goods demand held steady in Q1 despite price hikes, as companies navigated inflation. However, concerns linger over El Nino's potential impact on monsoon rains and rural consumption. While price increases helped offset rising costs, the sector faces a potential challenge from weather volatility affecting agricultural output and demand. Firms are closely monitoring these developments.

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Pakistan's public money a privilege? World Bank report reveals stark fiscal faultlines

Pakistan's fiscal decentralisation efforts have failed to bridge regional spending gaps, with provincial capitals like Quetta and Lahore receiving significantly more per person than their own provinces. Despite budget surpluses in some areas, poorer regions face underinvestment. Concerns also arise over education and healthcare spending not yielding desired results, alongside widespread financial irregularities uncovered by auditors.

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