Phnom Penh: Amid the reports of the ASEAN countries criticizing China for the aggression in the South China Sea, reports of Beijing establishing military cooperation with the state of Cambodia have surfaced. Cambodia informed that China was to supply weapons worth $40 million, under the collaboration. A few days ago, the western media had claimed […]
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Washington: The US Federal Reserve announced a cut of 0.25% in the interest rates, on Wednesday. It is the first rate cut by the Federal Reserve since 2008, and the stock markets in the United States as also around the world have begun a downward spiral. President Trump expressed displeasure over the cut and retorted […]
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Beijing: The Chinese government has acquired the Baoshang bank that was heading towards bankruptcy. This is the first instance of the Chinese government taking over a private bank in the last two decades. This exposes the weakness of the Chinese banking sector, credit availability and economy, and these are indications of the beginning of a […]
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Israel won the 1948 Arab-Israeli War. However, despite winning the war against the Arab nations, having to fight the war right at its creation had left Israel’s condition weak. All the resources of the country had come under strain due to the colossal war expense. At the same time, the number of Jews immigrating to […]
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London: Renowned institution IHS Markit informed that India will become the 5th largest economy in the world, this year itself, overtaking the United Kingdom, whereas, by the year 2025, India will overtake Japan. The institution also has reported that India will be able to maintain its growth rate, in the coming times. IHS Markit also […]
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Islamabad/Beijing: It is being exposed that Pakistan has accepted many insulting terms, to receive a bailout package for its economy, heading towards bankruptcy. Bowing in front of these conditions, Pakistan has revealed the information that it has borrowed funds from China. It is revealed that Pakistan has borrowed nearly USD 6.5 billion from China, in […]
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Hanoi: Japan and Vietnam have signed a special marine cooperation agreement to cease the Chinese expansion in the South China Sea. Japanese Defence Minister Takeshi Iwaya informed that the Vietnamese cooperation will play a vital role to establish peace and stability in this region. Since the last few years, Japan has taken rapid steps to […]
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Beijing/Rome: The US National Security Council lashed out at Italy for participation in the OBOR scheme ‘One Belt One Road (OBOR) is a scheme started by China for enhancing its interests. Italy is one of the leading economies of the world and a very important country for investment. Participating in the OBOR, Italy is supporting […]
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Canberra: US Ambassador to Australia, Arthur Culvahouse warned ‘China is implementing a policy of trapping the Pacific countries in the vice-like grip of unsecured loans. Although the funds are attractive and easily available to these countries, it is necessary to understand the conditions attached to the loans thoroughly.’ At the same time, he reminded that […]
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Canberra: ‘We have failed to pay attention and make efforts for the Pacific sector, which we are a part of. We will have to be prepared to face some criticism for it. However, it would not be the case henceforth, and the previous lapses too would be made up for,’ Senator Anne Ruston confessed to […]
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