US Fed chair nominee says he will not be controlled by Trump Former Fed governor emphasises his commitment to ‘ensuring that the conduct of monetary policy remains strictly independent’ AFP
At Beijing car show, Chinese automakers take aim at Europe’s premium brands Chinese brands launch premium EVs with advanced features at lower prices than German rivals Reuters
IMF sets 11 new conditions for release of $1.2bn tranche Total conditions rise to 75 as govt agrees in principle to implement economic reforms Web Desk
Pakistan-India airspace ban enters second year, losses mount for Indian carriers Flight times lengthen, fuel costs surge as restrictions extended until May 24 Web Desk
IEA says Iran war is causing biggest energy crisis in history Fatih Birol says disruption in Hormuz is driving unprecedented global energy shock Reuters
Pakistan receives $1bn Saudi boost to reserves $3bn package completed as government seeks economic stability Web Desk
Apple turns to hardware veteran Ternus as CEO to succeed Cook in AI age Longtime hardware chief to take over as company faces AI challenge Reuters
