Beijing: Evergrande, China’s leading construction company, has reportedly failed to repay more than 300 billion in debt. It has been revealed that two leading multinational banks have since refused to accept the bonds issued by Fantasia company as collateral. Subsequent developments have brought the issue of bad debts in the Chinese construction sector on the […]
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Beijing/Kabul: A US analyst has warned that China could play a cooperative role with the Taliban to control trillions of dollars worth of ‘Rare Earth Minerals’ in Afghanistan. China is already believed to have more than 30 per cent of the world’s Rare Earth Minerals. If it gains control over Afghanistan’s reserves, China could use […]
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Washington: Finally, the fragments of the Chinese rocket crashed in the sea near the Maldives. China had launched this rocket on the 29th of April. A threat of the rocket crash landing on earth had been issued after the rocket went out of control. Agencies in the United States and European countries were monitoring the […]
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Taipei: Japan and Taiwan have launched joint patrols against a Chinese destroyer sailing through the Miyako Strait and waters off Senkaku Islands. Japan and Taiwan did not comment on the joint patrols. However, the Taiwanese foreign minister announced the patrols against China would continue for the country’s security, for which Taiwan has collaborated with some […]
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Beijing/Canberra: China announced an indefinite postponement of talks regarding an important economic agreement with Australia. It has accused Australia of harbouring cold war mentality and discrimination against China. Australia said that this Chinese decision is unfortunate. A few days ago, Australia delivered a severe jolt to the Chinese Belt and Road scheme. It is being […]
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Berlin/Washington: German Health Minister Jens Spahn appealed during a meeting of the World Health Organisation (WHO) Wednesday that “the world is still insufficiently prepared for future epidemics and the risks they pose. Therefore, its structure needs to be rebuilt.” As part of the WHO initiative, a new global hub will be set up in Germany for research […]
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Washington: A severe warning of a possible crash of a 21-tonne rocket, used by China to make a space launch last month, has been issued. The US Department of Defense has begun the surveillance of the Chinese rocket, announcing that information on it would be published on the website. It could be the second major […]
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Beijing/Manila: Chinese aircraft carrier Shandong held war exercises along with its fleet of destroyers in the South China Sea. The Chinese Navy announced that this exercise was for the security of sovereignty of the country, and such exercises will also be held even in the future. The Philippines has reacted to the practices held by […]
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Pearl Harbor: The United States, South Korea and Japan have underscored the North Korean nuclear and missile programs are a severe threat to the region. The three countries have announced strengthening military cooperation to counter the threat. After a meeting between the top military leaders of the United States, South Korea and Japan, the announcement […]
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Melbourne: – Australian Prime Minister Scott Morrison announced ‘Australia will modernise four of its military bases to assist neighbouring and friendly countries. Australia will be investing A$747 million ($580 million) for this purpose.’ Prime Minister Morrison also clarified that this investment was for peace in the Indo-Pacific sector and not against China. A few hours […]
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