Tuesday , 10 February 2026

Recent Posts

Tata Steel swings to profit for first time in five quarters

  Bloomberg Tata Steel Ltd. swung to a profit in the third quarter, the first gain in five periods, boosted by a recovery in product prices and higher production. Group net profit was 2.3 billion rupees ($34 million) in the three months to December 31, from a loss of 27.5 billion rupees a year earlier, according to a statement from …

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Lotte China theme-park project halted amid geopolitical tensions

  Bloomberg Lotte Group said the Chinese government ordered the halt of the conglomerate’s 3 trillion won ($2.6 billion) theme-park project in northeastern China, in the group’s latest setback in a country that’s stepping up economic retaliation against South Korea for pushing ahead with the deployment of a US missile shield. The government order to suspend the development in Shenyang …

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Fleeing to cash, Pakistani businesses seek to avoid tax trap

  Bloomberg Running a wholesale grocery shop in the southern Pakistani port city of Karachi, 43-year-old Khan used to write as many as 40 checks a month to buy goods from sugar to Unilever NV tea bags. That changed when authorities, in a bid to clamp down on widespread tax avoidance, started charging a levy on every bank transaction above …

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