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Pakistan asks IMF for restructuring 'pause'
Pakistan asks IMF for restructuring 'pause'
Business and Economy
by  AFP

Pakistan's prime minister on Monday asked the IMF for a pause in its demands for economic reforms before releasing more financial aid, as the country tries to rebuild after catastrophic floods. At the United Nations in Geneva for a conference on Pakistan's recovery from last year's catastrophic monsoon floods, Sharif was asked by reporters about the block on IMF funds.

Belgium agrees with France's Engie to extend nuclear reactors
Belgium agrees with France's Engie to extend nuclear reactors
Business and Economy
by  AFP

Belgium has agreed a deal with French energy firm Engie on extending the life of two nuclear reactors for a decade, the two sides said on Monday. Wedged between nuclear-powered France and gas-and-coal-dependent Germany, Belgium has relied on an ageing stable of seven nuclear reactors operated by Engie for about half of its electricity needs.

UK curbs energy bill support for businesses
UK curbs energy bill support for businesses
Business and Economy
by  AFP

Britain on Monday scaled back its energy bill support for businesses after warning that the current level of assistance was unsustainable for public finances. The Treasury wants to scale back support after calculating that the current scheme has cost more than £18 billion ($22 billion) so far.

UK unions left disappointed after pay talks with govt
UK unions left disappointed after pay talks with govt
Business and Economy
by  AFP

UK trade unions branded talks Monday with the government to discuss pay rise demands across the public and private sector "disappointing", as workers prepare to stage the latest in months of damaging strikes. Ahead of Monday's talks, Sunak welcomed the direct dialogues and said his government was willing to discuss pay demands that were "reasonable" and "affordable".

German police to evict anti-coal activists from Wednesday
German police to evict anti-coal activists from Wednesday
Business and Economy
by  AFP

German police said on Monday that they expected a "difficult" and "dangerous" task when they begin to remove thousands of anti-coal activists near an open cut mine in two days. "The operational area is very large with difficult topography (and is) on the edge of an open pit mine, with particular dangers," he said.