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Pakistan's quiet solar rush puts pressure on national grid
Pakistan's quiet solar rush puts pressure on national grid
Business and Economy
by  AFP

Pakistanis are increasingly ditching the national grid in favour of solar power, prompting a boom in rooftop panels and spooking a government weighed down by billions of dollars of power sector debt. But the fall in national grid consumers has crept up on an unprepared government burdened by $8 billion of power sector debt, analysts say.

EU sets stage for big battle over long-term budget
EU sets stage for big battle over long-term budget
Business and Economy
by  AFP

The European Commission will kickstart two years of tense negotiations when it unveils its proposal Wednesday for the EU's long-term budget including funding reforms that risk renewed confrontation with farmers. Centralising "funding into a single fund may offer some budgetary flexibility, but it risks dissolving" the CAP with "fewer guarantees", pan-European farmers' group Copa-Cogeca has said.