More proof UK won’t suffer devastating third Covid wave? China admits its jab rolled out in Chile doesn’t work well – confounding doomsayers who pointed to country’s third wave despite vaccine drive

China has admitted its Covid vaccines do not work well – which could explain why Chile is suffering a resurgence despite having one of the best rollouts in the world. In an extremely rare confession, the head of the Chinese Centre for Disease Control and Prevention, Gao Fu, said the jabs ‘don’t have very high protection rates’ against coronavirus symptoms. They are being…

Read More

Biden Team Eyes Potential Threat From China’s Digital Yuan

The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency, according to people familiar with the matter. Now that China’s digital-currency efforts are gathering momentum, officials at the Treasury, State Department, Pentagon and National…

Read More

India’s L&T wins order for world’s biggest solar power plant in Saudi Arabia

DUBAI: Mumbai-headquartered Larsen & Toubro (L&T) has secured a contract to build the Sudair solar PV project in Saudi Arabia. The renewables arm of L&T’s Power Transmission and Distribution business has bagged the turnkey engineering, procurement, and construction contract for the Riyadh plant, which has a total capacity of 1.5 gigawatts – the biggest in the world. “The project that is…

Read More

Pak-Italy Friendship bridge’ inaugurated in Khairabad, Chitral

A suspension bridge was inaugurated in Khairabad District, Chitral to solve the problem of rural isolation that has been affecting the community especially during the time of heavy rainfall. Due to adverse conditions and limited mobility, residents were deprived of crucial socio-economic opportunities. The bridge has been constructed in partnership with Pakistan Poverty Alleviation Fund (PPAF) and Sarhad Rural Support…

Read More

2021-22 budget proposals: Incentives for exports on the cards, says Razak

ISLAMABAD: The government is working on budgetary incentives for 2021-22 to maintain its gains what it has so far achieved to put the country on way to industrialization, making solid ground for import substitution and emphasizing more focus on diversification in exports of the country, an adviser to the prime minister said Sunday. In an exclusive chat with The News,…

Read More

Saving Sindh’s Trees Of Life

Trees sustain life. They give us the air we breathe; the shade we sit under. But many trees do a lot more than just that. The Indus Delta’s mangrove forest ecosystem, for example, supports various life forms. These dense trees, that protect us from storms, cyclones and tsunamis, are also home to different kinds of marine life including fish, shrimp…

Read More

Despite COVID, PIA shows Recovery

PIA has announced its financial results for FY 2020 as it submitted audited accounts with the Stock Exchange of Pakistan. What has been termed as one of the worst year in decades for the global aviation industry whereby even largest players in the market have obtained huge bailout packages from their respective governments to stay afloat, PIA came up with…

Read More