Globalization and free trade is almost dead – Founder of semiconductor giant TSMC warns

Globalization and free trade is almost dead – Founder of semiconductor giant TSMC warns

Taipei: “In the past 27 years, the semiconductor sector has undergone many major global changes. Currently, the geopolitical situation of the world is changing rapidly. Globalization and free trade are dying. Many think these things will be restored, but there should be a sense that the situation will not return to normal,” warned Morris Chang, […]

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EU must file a complaint against US Inflation Reduction Act – Chair of EU Parliament’s trade committee warns

EU must file a complaint against US Inflation Reduction Act – Chair of EU Parliament’s trade committee warns

Brussels/Washington: Bernd Lang, head of the European Parliament for trade committee, warns of legal proceedings at the World Trade Organization (WTO) against the Inflation Reduction Act introduced by the US. He feels that nothing much would be achieved through mere negotiation. Ursula von der Leyen, the head of the EU, has criticised the US for […]

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Russia creates a ‘Shadow Fleet’ of more than 100 oil tankers to bypass Western sanctions and price cap – a UK daily claims

Russia creates a ‘Shadow Fleet’ of more than 100 oil tankers to bypass Western sanctions and price cap – a UK daily claims

Moscow: While imposing a price cap on Russian crude oil, the Western alliance, along with the European Union, has decided to stop seaborne imports of Russian crude oil. It came to light that Russia has created a ‘shadow fleet’ of more than 100 oil tankers to circumvent these sanctions imposed by the West. Leading UK […]

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Protests erupt in Guangzhou despite heavy crackdown by Chinese government

Protests erupt in Guangzhou despite heavy crackdown by Chinese government

Beijing/Guangzhou: The communist party seems to be failing to prevent protests and the restrictions imposed by them in China. Despite the heavy crackdown in the last two days, large-scale protests erupted in Guangzhou city of China on Wednesday. The protesters turned violent and pelted stones at security forces. Along with Guangzhou, videos of clashes between […]

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India has been regional power providing complete security in Indo-Pacific – Defence Minister Rajnath Singh

India has been regional power providing complete security in Indo-Pacific – Defence Minister Rajnath Singh

New Delhi – Defence Minister Rajnath Singh has said that India is a regional power that provides complete security in the Indo-Pacific region. The Defence Minister spoke during the Samanvay 2022 exercise organised under the ‘Humanitarian Assistance and Disaster Relief-HADR’. It has surfaced that China has been taking special initiatives to increase its activities in […]

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25% of German companies have been preparing to leave country due to energy crisis – warns Federation of German Industries’ chief

25% of German companies have been preparing to leave country due to energy crisis – warns Federation of German Industries’ chief

Berlin: The federation of German Industries’ chief, the apex body of the industry, issued a serious warning that 25% of the companies in Germany have been preparing to leave the country due to the energy crisis created against the backdrop of the Russia-Ukraine conflict. Other senior officials have confirmed this in Germany, and they allege […]

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Capping Russian oil prices would result in grave consequences – Russian President Vladimir Putin warns

Capping Russian oil prices would result in grave consequences – Russian President Vladimir Putin warns

Moscow: Russian President Vladimir Putin has warned that attempting to cap Russian fuel prices would seriously affect the international fuel market. G7 and the European Union are moving to restrict the prices of crude oil exported from Russia. According to Western sources, a proposal has been made to keep the price of Russian oil at […]

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