Washington/Beijing: – A US think tank has accused Chinese President Xi Jinping’s ambitious Belt and Road Initiative (BRI) of creating a debt burden on small countries as much as USD 385 billion. The study notes that about 42 countries are trapped in the Chinese predatory economic policies, with their debt exceeding 10% of the GDP. […]
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Beijing: – China issued a fresh threat ‘Quad and AUKUS are dangerous groups, created to corner China. India, Japan and Australia should not engage in this group at the behest of the United States. Because of the group crosses the line, China will use force, without hesitation, to punish anyone who jolts its interests.’ As […]
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Colombo – The Sri Lankan government has declared a food emergency due to the unavailability of foreign exchange for food imports. The Sri Lankan government has blamed the Coronavirus pandemic for the shortage of foreign currency reserves. However, analysts and media are claiming that a large amount of foreign exchange is being spent on the […]
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Colombo – Sri Lanka, which has borrowed heavily from China, faces a massive financial crisis. Sri Lanka’s foreign exchange reserves have fallen sharply, with only three months’ worth of foreign reserves remaining. This has led Sri Lanka to impose restrictions on imports of various commodities. According to some reports, Sri Lanka also has no money […]
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Islamabad – Claims are being made in Pakistan that the China Pakistan Economic Corridor (CPEC) is the country’s future. But this project, and also the future of Pakistan, seems to be under threat. The Pakistan government had demanded that China should restructure certain loans given to Pakistan under this scheme. China has dismissed the demand. […]
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London – The Coronavirus pandemic, which claimed 3.3 million lives and caused losses of billions of dollars to the world and devastated life of citizens of the world, could have been contained. But the World Health Organisation (WHO) did not take proper steps at the right time. Moreover, the WHO did not correctly investigate the […]
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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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New Delhi: A major decision was announced in the Union budget, strengthening the insurance sector. The Foreign Direct Investment (FDI) limit for the insurance sector increased from 49% to 74%. Since the last few years, demand was being made that the FDI limit in the insurance sector should be raised. The decision is welcomed by […]
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Washington/Beijing: – The International Monetary Fund (IMF) has warned that China needs to initiate immediate steps to avert the threats to economic stability. The Chinese economy’s debt burden has increased tremendously during the Coronavirus pandemic period, and small banks and local administrations are feeling immense pressure. At the same time, the credit rating of the […]
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Accra/Washington: – Africa has implemented the free trade agreement, from the 1st of January 2021, against the background of killer epidemics like Ebola and Coronavirus, terrorism and ethnic conflict. Senior official Wamkele Mene announced that the agreement was active saying ‘African Continental Free Trade Area is not only a trade agreement but important means for the development […]
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