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Chinese Investment Hurting Key Local Industries and Local Businessmen Chinese companies are taking over major businesses in Pakistan’s export-led manufacturing sector, stated a report published by Hong Kong-based online news platform Asia Times. The report said that while on one hand, rising Chinese investment is helping boost Pakistan’s ailing economy, on the other hand, the local businesses and groups are expressing concerns that the Chinese investors are cornering key local industries, state assets, and businesses to the detriment of Pakistani players and interests. According to a repo...

Cheaper Bio-Fuel Based Commercial Rocket Takes Its First Flight ALSO READ Despite two false starts and unwelcoming outdoor weather, the Brunswick-based startup bluShift Aerospace launched its first rocket prototype, called Stardust 1.0, on 31st January. It lifted off Sunday afternoon from a snow-covered runway at the Loring Commerce Center in Limestone, Maine. “It landed right where we were hoping for and where we were planning for. It couldn’t have been better than that”, bluShift CEO Sascha Deri told reporters after the launch. Discussing biofuel and its integration with the Stardust ...