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Pakistan’s biggest brewery is evolving from its 165-year-old liquor legacy

RAWALPINDI, Pakistan (AP) — A pungent fug of malt and yeastiness hangs over Murree Brewery, Pakistan ’s biggest and oldest producer of alcoholic drinks. The company is an outlier in a country where alcohol is outlawed for everyone except non-Muslims, who make up some 9 ...
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A strike by air traffic controllers is disrupting travel to, from and over France

PARIS (AP) — About 40% of flights were canceled Friday at all Paris airports and tens of thousands of passengers were rearranging plans at the height of the summer travel season because of a strike by French air traffic controllers seeking better working conditions. Disruptions ...
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Alstom wins 2 billion euro deal from New York Metropolitan Transportation Authority

(Reuters) -French train maker Alstom said on Friday it had received a 2 billion euro ($2.4 billion) order from the New York Metropolitan Transportation Authority to supply M-9A rail cars for the Long Island Rail Road and Metro-North Railroad. The contract will be booked in the ...
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In a country where alcohol is banned, Pakistan’s top brewery is betting on soft drinks

RAWALPINDI, Pakistan (AP) — A pungent fug of malt and yeastiness hangs over Murree Brewery, Pakistan ’s biggest and oldest producer of alcoholic drinks. The company is an outlier in a country where alcohol is outlawed for everyone except non-Muslims, who make up some 9 ...
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Asian shares are mixed as Trump’s tariff deadline looms, while US stocks set records

MANILA, Philippines (AP) — Asian shares were mixed on Friday after U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline. Japan’s Nikkei 225 fell 0.6% to 39,762.20 after earlier gains, while South Korea’s KOSPI index ...
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Australia’s PM says he expects 10% US baseline tariff to stay

SYDNEY (Reuters) -Australia will likely still be subjected to the 10% tariff rate on all exports to U.S. but the government will continue to try and negotiate for an exemption, Australian Prime Minister Anthony Albanese said on Friday. A 90-day pause in the U.S. “reciprocal” ...
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Morning Bid: Market focus shifts to Trump tariff countdown

A look at the day ahead in European and global markets from Kevin Buckland U.S. investors may have been feeling good going into the long Independence Day weekend, but those vibes failed to carry through to Asia. Optimism over the resilience of the U.S. economy, after ...
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End of tax-free loophole for low-value goods disrupts air shipments to US from China

By Casey Hall and Lisa Barrington SHANGHAI/SEOUL (Reuters) -Air cargo shipment volume from Asia has declined by double digits since the U.S. cancelled a tax-free exemption for low-value packages from China early in May, trade groups and analysts said. Air cargo demand from Asia to North ...
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Dollar trims gains against euro, yen as US tariff deadline looms

By Rocky Swift TOKYO (Reuters) -The dollar pared gains against the euro and yen on Friday after President Donald Trump got his signature tax cut bill across the final hurdle and pressure mounted on countries to secure trade deals with the United States. The greenback rallied ...
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Analysis-China urges caution – and speed – on assisted-driving technology

(Reuters) -China’s automakers are outpacing foreign rivals in their push for assisted-driving technology, eager to woo motorists hungry for rapid innovation. Yet, Beijing has a nuanced message for its rising stars: move fast – but be careful. Regulators this week have been finalising new safety rules ...
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Asian stocks wobble, dollar edges down with tariff deadline in focus

By Kevin Buckland TOKYO (Reuters) -Most Asian equity markets struggled on Friday, despite record highs for Wall Street overnight, as U.S. President Donald Trump’s deadline for trade deals loomed next week. The dollar retraced some of Thursday’s gains with U.S. markets already shut for the week, ...
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Japan’s heat-stressed matcha tea output struggles to meet soaring global demand

By Michele Pek UJI, Japan (Reuters) -Matcha lovers, brace your wallets! Record temperatures in Japan have curbed matcha green tea production this year, straining supplies and driving prices to all-time highs amid booming global demand for the trendy beverage, farmers and industry officials said. The Kyoto region, ...
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