NEW DELHI: India plans to overhaul more than 200 state-run firms to make them more profitable, signaling a departure from Prime Minister Narendra Modi’s aggressive privatization program that has struggled to take off, government sources said.

ISLAMABAD: The International Monetary Fund has agreed to loan Pakistan $7 billion to bolster its faltering economy, with Islamabad pledging Saturday it would be the last time it relied on relief from the Washington-based lender.

SHANGHAI: A dozen men crowded around an employment agent early in the morning in suburban Shanghai, waving their identification cards as they scrambled to secure a 12-hour shift at a warehouse.

NEW YORK: Wall Street banks reported a healthier pipeline for deals and a jump in investment banking activity in quarterly earnings on Friday, but also cited some headwinds and reasons for caution.

KUWAIT: Preliminary estimates show GDP declined by 4.4 percent y/y in Q4 2023, easing slightly on Q3’s outcome of -5.8 percent.

KUWAIT: LuLu Exchange Kuwait – one of the nation’s most trusted names in cross-border payments and foreign currency exchange – inaugurated its 36th customer engagement center at Kuwait International Airport Terminal 1 on Thursday.

BEIJING: Top Chinese officials gather in Beijing on Monday, with all eyes on how they might kickstart lackluster growth at a key political meeting that has traditionally seen officials unveil big-picture economic policy changes.

BERLIN: Germany said Thursday it will phase out the use of components from Chinese telecom giants Huawei and ZTE in its 5G networks in the coming years due to national security concerns.

BRUSSELS: The EU on Thursday approved Apple’s offer to allow rivals access to the iPhone’s ability to tap-to-pay within the bloc, ending a lengthy probe and sparing it a heavy fine.