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Pakistan failing in every economic index: key survey
Pakistan failing in every economic index: key survey
by  AFP

Pakistan failed to meet any economic growth targets for the fiscal year 2022-23, according to a key government report released Thursday -- a day before the new budget is to be presented to the national assembly. Pakistan is expected to set a growth target of 3.5 percent for the upcoming fiscal year, to be announced in the national budget on Friday.

Shares of renationalised French power firm EDF delisted
Shares of renationalised French power firm EDF delisted
by  AFP

Shares in French power firm EDF were delisted on Thursday, nearly a year after the government decided to nationalise the firm to revitalise the country's nuclear power sector and help decarbonise the economy. France's finance ministry said it had moved to delist the shares of EDF, which traded on Euronext Paris, as the state now holds 100 percent of the capital and voting rights in the firm.

Swiss parliament to probe Credit Suisse takeover
Swiss parliament to probe Credit Suisse takeover
by  AFP

Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS, in an extremely rare move, following a vote on Thursday. After the lower house of parliament voted unanimously Wednesday in favour of creating the rare commission of inquiry, the upper chamber, or Council of States, voted 37-5 for it on Thursday.

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