Elon Musk won official praise for Tesla during a surprise visit to China Elon Musk has made a surprise visit to China as he bids to boost Tesla’s slumping sales and introduce the automaker’s self-driving technology in its second-largest market in the face of fierce competition. His second trip to the country in less than a year included a meeting …

Manufacturing in Mexico is having its time. The US is buying in — and so is China As the US supply chain decouples from China, Mexico’s manufacturing sector emerges as a winner. Manufacturing in Mexico is attractive to companies struggling with pandemic-era supply chains or looking to reduce reliance on trade between the US and China amid geopolitical uncertainty. That’s …

Biden hails UAW-Daimler Truck deal as ‘proof of collective bargaining power’ President Joe Biden praised the United Auto Workers and Daimler Trucks for reaching a tentative eleventh hour Friday night, preventing a possible strike affecting 7,300 workers. “This agreement is a testament to the power of collective bargaining and shows that we can build a clean energy economy with strong, …

Say goodbye to Ruby Tuesday and Chili’s. This is the hot new restaurant in the mall Looking for food at your local mall? As US malls race to reinvent themselves, they’re turning to sushi conveyor belts, craft beer membership clubs and Korean barbecue to replace burgers and fries. Over the past few decades, shopping malls have become the urban centers …

Rethinking Pakistan’s FDI obsession Many economists like to cite falling or rising figures for Foreign Direct Investment (FDI) coming into Pakistan. Not only does our government brag about the increase in FDI, but commentators also appreciate it as an important gain. SBP is constantly updating the figures. Their interest in FDI appears to be, if not a panacea, certainly a …

Cheap flour: a brief overview of market forces Wheat is the main staple food for 250 million Pakistanis, eaten at least twice a day. All governments have sought to ensure wheat availability since the 1950s and rely on minimum support prices and procurement plans to maintain strategic reserves through domestic and imported wheat purchases. Except for a few years, the …

A tale of two banks We have everything before us, we have nothing before us, we all go straight to Heaven, we all go the other way – in short, that period is as distant as the present,” quote from Charles Dickens’ “The Tale of Two Cities” was published in 1859. The year was 1997 and the young brand Khawaja …

Free trade zone of Pakistan and Xinjiang Xinjiang is undergoing transformation. President Xi Jinping attaches great importance to and prioritizes the rapid development of Xinjiang. In an effort to achieve President Xi’s vision, China is allocating huge resources to modernize and develop Xinjiang. China is actively building modern infrastructure, improving supply chain systems, and fostering livelihood opportunities. Due to the …

How universities cope with heightened tensions, months after pro-Palestinian protests As the academic year draws to a close, university communities across the country remain concerned, not only about political action but also about the response, if any, it might force. While the latest arrests have drawn much attention, US colleges have been trying to control student protests since October, when …

The situation at Virginia Tech has “stabilized,” the university said Virginia Tech said Monday morning that the situation had “stabilized” on the university’s campus after overnight police activity. But the police remained on campus, he said. “The incident at the Graduate Life Center has been stabilized,” the university said in a social media post. “Police presence remains. Immediately, avoid the …