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China says it plans phenomenal investments in fresh projects in Pakistan

ISLAMABAD: Chinese Consul-General Long Dingbin has said China planned phenomenal investments in fresh projects, broadening the area of inclusive cooperation and tapping new avenues of collaboration under the China-Pakistan Economic Corridor (CPEC). "China would channelize maximum resources to strengthen economy of Pakistan," he said in an interview to a local channel. To a query, the consul-general explained that during Prime Minister Imran Khan’s recent visit to China, the scope of investment was widened by inking 15…

Foreign investments in France hit 10-year high

PARIS: The number of foreign investment projects in France reached a 10-year high last year, the latest spot of encouraging news for President Emmanuel Macron as he tries to make the country a more business-friendly destination. The government's Business France agency tallied 1,298 investment projects including research facilities, factory openings and expansions, a 16 percent increase from 2016. Among those were 412 companies who invested in the country for the first time, which Business France's president Christophe…

BMW says big industry investments may spur consolidation

MUNICH: BMW CEO Harald Krueger said the big investments needed for next-generation drivetrains and digital business models were likely to spur further consolidation in the wake of PSA Group's purchase of Opel from General Motors. "The investments that are needed and whether every company has the resources ... remains to be seen," Krueger told journalists at the Geneva motor show. "For everybody the challenge is huge, with the focus on electro-mobility, digitalisation and autonomous driving," he said. "We are large…