Pakistan central bank says FX reserves rise by $66 million to $3.258 billion

KARACHI, Pakistan (Reuters) -Pakistan’s foreign exchange reserves held by the central bank rose by $66 million to $3.258 billion in the week ending Feb. 17, it said on Thursday, while its total liquid foreign reserves stood at $8.726 billion. Pakistan, which is a $350 billion economy, is facing economic turmoil, with a balance of payment …

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NATO has seen signs China is considering sending arms to Russia – Stoltenberg

By Johnny Cotton, Sabine Siebold and Andrew Gray BRUSSELS (Reuters) – NATO Secretary-General Jens Stoltenberg said on Thursday the alliance had seen signs China was considering supplying arms to Russia and warned Beijing against taking any such step. The announcement came days after U.S. Secretary of State Antony Blinken warned China of consequences if it …

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Airbus close to landing large order from India’s IndiGo, Les Echos cites Le Maire

PARIS (Reuters) – Indian low-cost airline IndiGo is negotiating the purchase of “several hundred aircrafts” from Airbus, French Finance Minister Bruno Le Maire said in comments published by Les Echos on Thursday. The contract could be signed at the French airshow in Le Bourget in June, the paper said, adding that Le Maire made the …

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French TV station fires journalist over unauthorised broadcasts

PARIS (Reuters) – French news channel BFMTV said on Thursday it had fired a senior TV presenter and filed a criminal complaint after media reports one of its anchors had broadcast disinformation. Radio France and investigative website Forbidden Stories earlier this month reported that BFMTV anchor Rachid M’Barki had bypassed editorial controls to broadcast biased …

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U.S. West Coast port labor talks ongoing, union and employers say

LOS ANGELES (Reuters) – Labor talks covering more than 22,000 workers at U.S. seaports stretching from California to Washington State are ongoing, the union and employer group said in a joint statement on Thursday. Workers at those ports, including the nation’s busiest ocean trade gateway at Los Angeles and Long Beach, have been working without …

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Alibaba beats quarterly revenue estimates as COVID curbs ease

(Reuters) – Alibaba Group Holding Ltd reported better-than-expected quarterly revenue on Thursday, helped by its efforts to cut costs and China’s easing of COVID-19 curbs. The e-commerce giant has weathered a weak economy in China, which only lifted its three-year zero-COVID policy in December. Revenue rose 2% to 247.76 billion yuan ($35.92 billion) for its …

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