Business
Canada, Pakistan discuss GM canola trade | The Express Tribune
Ministry is actively upgrading its digital dashboard to improve transparency, efficiency, ease of doing busines
Federal Minister of Petroleum Musadik Masood Malik, speaks with Reuters during an interview in Islamabad, June 11, 2024. PHOTO: REUTERS
ISLAMABAD:
Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik met with Canadian High Commissioner Tarik Ali Khan. The meeting focused on various aspects of trade in GM canola between the two countries, particularly the limitations associated with Harmonised System (HS) codes and the need for greater clarity and efficiency in related procedures.
Musadik Malik assured the high commissioner that the ministry remains committed to minimising procedural delays and ensuring that any new policies or amendments to existing frameworks are aimed at streamlining processes and facilitating both importers and exporters. He informed the envoy that the ministry is actively upgrading its digital dashboard to improve transparency, efficiency, and ease of doing business for all relevant stakeholders.
Business
Gold steadies near record high as trade war risks sour global sentiment – SUCH TV
Gold and silver traded near record highs on Tuesday, as US President Donald Trump’s threats to acquire Greenland soured global sentiment and sparked a rush into safe-haven assets.
Spot gold was up 0.1% at $4,675.32 per ounce, as of 0336 GMT, after scaling an all-time high of $4,689.39 in the previous session.
US gold futures for February delivery climbed 1.9% to $4,680.30 per ounce.
Spot silver fell 1.4% to $93.33 an ounce, after hitting a record high of $94.72 earlier in the session.
“Gold is biding its time today and consolidating recent gains, with traders waiting to see what happens next regarding Trump’s latest spat with the EU over Greenland,” said Tim Waterer, KCM Trade’s chief market analyst.
“If Trump continues to turn the heat up regarding tariff threats, gold could feasibly be eying off a run north of $4,700 in the near term,” Waterer said, adding that if European Union leaders managed to patch things up with Trump at Davos this week, gold’s risk premium might fade.
Trump has intensified his push to wrest sovereignty over Greenland from fellow NATO member Denmark, prompting the European Union to weigh hitting back with its own measures.
The dollar retreated to its lowest in a week after tariff threats triggered a broad selloff across US stocks and government bonds.
Gold also found support as concerns lingered around the Federal Reserve’s independence with the US Supreme Court this week expected to hear a case around Trump’s attempt to fire Fed Governor Lisa Cook over alleged mortgage fraud.
The Fed is broadly expected to maintain interest rates at its January 27-28 meeting despite Trump’s calls for cuts.
Gold, which does not yield interest, typically performs well during periods of low interest rates.
Kelvin Wong, a senior market analyst at OANDA, expects the Fed to continue its rate-cut cycle into 2026, citing a sluggish labour market and lacklustre consumer sentiment, with the next reduction now being priced further down the calendar in either June or July.
Among other precious metals, spot platinum slid 1.8% to $2,331.20 an ounce, while palladium dropped 2% to $1,804.15.
Business
Asian stocks today: Markets trade mostly in red; Nikkei sheds 1%, HSI remains flat – The Times of India
Asian markets opened on a weak note on Tuesday, as most indices slipped into the red as investors reacted to trade tensions and political developments in Japan. In US, markets remained closed for the Martin Luther King Jr Day holiday.Hong Kong’s HSI was up 35 points to 26,599. Nikkei trimmed 519 points or 0.97% to 53,064. Shanghai and Shenzhen were down 0.12% and 0.89%, respectively. Meanwhile, Kospi was 0.36% up, trading at 4,922 at 11:30 am IST. Investors across the globe remained cautious after US President Donald Trump threatened to impose fresh tariffs on European imports, unsettling major trading partners that have significant investments in the United States. US stock futures fell sharply, tracking losses across European markets on Monday, while oil prices were steady. The announcement also triggered turbulence in Japan’s bond market. Government bond yields climbed rapidly after Takaichi indicated she would dissolve parliament to seek a stronger mandate, buoyed by high public approval ratings. She has also floated a proposal to temporarily suspend the food tax. Markets are increasingly concerned that a renewed mandate could lead to higher government spending, reigniting worries over Japan’s public finances. As a result, bond prices fell and yields jumped. The yield on the 40-year Japanese government bond rose to a record 4% on Tuesday, while yields on other long-term bonds surged to their highest levels in decades. Investors are now turning their attention to a busy week in the United States, which will feature more corporate earnings and fresh inflation data closely watched by the Federal Reserve. The US central bank meets in two weeks and is expected to keep its key interest rate unchanged as it balances signs of a slowing labour market against inflation that remains above its 2% target. Japan’s central bank is also set to conclude its policy meeting later this week.
Business
Are ‘tech dense’ farms the future of farming?
David SilverbergTechnology Reporter
Getty ImagesJake Leguee is a third-generation farmer in Saskatchewan, Canada.
Since his grandfather bought the 17,000 acres in 1956, the Leguee family has grown canola, wheat, flax and green lentils.
As a child, he watched his father and grandfather spending hours riding their tractor to sow seeds and spray crops. Sweat would coat their shirts after those long, hot days.
“It was a lot less efficient back then,” says Leguee. “Today, technology has vastly improved the job that we do.”
To keep his farm competitive, Leguee has made several innovations, particularly when it comes to crop spraying.
With software and remote cameras attached to his John Deere tractor, he can kill the weeds much more efficiently, a practice every farmer has to do before planting seeds.
“It can look down and spray a nozzle when the sensors pick a weed, while we’re going around 15 miles an hour,” Leguee says.
He adds that he saves on pesticide spray since the nozzles only turn on when weeds are detected, as opposed to the kind of blanket spraying he used to do.
The return-on-investment for adding these new layers to his farm operations are often high, Leguee adds.
“There are low-cost solutions that won’t be as expensive as new spraying tech, and they could be an app to help you better keep your records, for example,” he says.
Jake LegueeIt’s a lesson that farmers across North America are taking on board.
A 2024 McKinsey survey found that 57% of North American farmers are likely to try new yield-increasing technologies in the next two years.
Another report, from 2022, by the US Department of Agriculture said that while the number of farms in the country is shrinking, the farms that remain are becoming “tech dense”.
Norah Lake, the owner and farmer at Vermont’s Sweetland Farms, says to get a successful harvest, “there’s a lot of looking forward and then backwards and then forwards and then backwards in crop farming”.
She once used Microsoft Excel to plug in the figures for, say, their yields from a recent harvest, or a given year, and see how they compare to years prior.
“I’d want to know that if we planted 100 bed feet of broccoli, what did we actually produce?” she says.
More recently, Lake, who grows vegetables such as asparagus, tomatoes and zucchini, as well as pastured meat, has been using software and an app from a company called Tend.
She wanted to digitise and streamline those laborious tasks into a piece of tech that she can view on her cellphone or computer.
Now she can input those harvest numbers into Tend, and the software can give her details, and advice, on how to manage her crop best for the coming harvest.
“We can use Tend to calculate the quantity of seed that we need to order based on the row feet of a particular crop that we want to harvest,” she says.
Syngenta GroupThere’s no shortage of tech for farmers to choose from.
Sygenta, the argri-tech giant based in Switzerland, offers farmers the software Cropwise, which uses AI and satellite imagery to guide farmers on what to do next with their crops, or alerts them to emergencies.
“It can tell the farmer that you need to visit the southeast corner of your field because something is not right about that section, such as a pest outbreak,” says Feroz Sheikh, chief information office of Syngenta Group. “And the system also has 20 years of our weather pattern data fed into a machine learning model, so we know exactly what kind of conditions lead to what outcome.”
With that data, farmers can cover their crops before, say, an incoming snap frost that could kill a large portion of their acreage.
In Germany, Jean-Pascal Lutze founded NoMaze to give farmers a deeper understanding of how different crops will perform under climate conditions.
Its software is rolling out this year. “We did field tests in a variety of environments and then created simulations through our computer model to give clients better insight into, say, how much water to use, how to get the maximum yield,” he explains.
Getty ImagesThe impact of these technologies might be felt by the consumer, says Heather Darby, an agronomist and soil specialist at the University of Vermont.
Bringing more food to market could translate to lower prices at the register, she says.
“When farmers get help to avoid crop failures, that could lead to a more controlled farm environment and a reliable and secure food system,” says Darby.
Back in Saskatchewan, Darby notes younger farmers are turning to technology while older tillers might resist major change.
He says that farmers need to be open to change.
“After all, when you think about it, some of these farms are multi-million-dollar businesses that are supporting multiple families. We need to embrace technology that works for us.”
“I heard someone say once: ‘If you treat farming as a business, it’s a great way of life, but if you treat your farming as a way of life, it’s a horrible business.'”
-
Tech1 week agoNew Proposed Legislation Would Let Self-Driving Cars Operate in New York State
-
Entertainment7 days agoX (formerly Twitter) recovers after brief global outage affects thousands
-
Sports5 days agoPak-Australia T20 series tickets sale to begin tomorrow – SUCH TV
-
Business4 days agoTrump’s proposed ban on buying single-family homes introduces uncertainty for family offices
-
Fashion3 days agoBangladesh, Nepal agree to fast-track proposed PTA
-
Tech4 days agoMeta’s Layoffs Leave Supernatural Fitness Users in Mourning
-
Politics3 days agoSaudi King Salman leaves hospital after medical tests
-
Tech5 days agoTwo Thinking Machines Lab Cofounders Are Leaving to Rejoin OpenAI

