Kuala Lumpur/Beijing: Malaysian Minister for Economic Affairs, Azmin Ali, announced the closure of the $19 billion railway project, part of the One Belt One Road (OBOR) scheme, saying, ‘It is beyond the capacity of Malaysia, to support the railway project being implemented by China. Therefore, we have decided to cancel the project completely.’ This Malaysian […]
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Singapore: It was evident at the APEC meet in Singapore that the flames of the trade war are intensifying on the international stage. Chinese President targeted the United States by talking about trade protectionism and unilateral decisions. Replying to the Chinese allegations, the US Vice President Mike Pence warned that the trade war will be […]
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Singapore: Indian Prime Minister Narendra Modi launched a scathing attack on Pakistan saying ‘The source and the roots of all the terrorist attacks around the world are concentrated in only one place.’ Foreign Secretary Vijay Gokhale informed that the Prime Minister made this allegation during his discussions with the US Vice President Mike Pence. The […]
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Washington: ‘China is making strong attempts to create its influence in Africa, Latin America, Pacific Islands and South Asia, outside its own sector. But the CIA is keeping a close eye on the Chinese movements,’ warned CIA Director, Gina Haspel. The CIA Director also accused that China is making efforts to reduce the influence of […]
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Beijing: Zambia is on the verge of becoming the first victim to the Chinese ambition of acquiring the property, infrastructure and natural resources by tightening the noose of huge debts. The Chinese decisions to acquire the Gwadar port in Pakistan and Hambantota port in Sri Lanka against huge loans came under severe criticism from the […]
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Beijing: ‘It is time for the African leadership to have a brutally honest self-assessment regarding the relationship with China. Is China following the footsteps of the countries that exploited Africa before?’ Daily Nation Kenya. ‘China is 70th in the list of the Per Capita Income and millions of its citizens are still below poverty line waiting […]
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Buenos Aires: While the economies of the Latin American countries like Venezuela and Brazil are receiving shocks, dark clouds seem to be hovering over the Argentinian economy too. The Argentinian currency, Peso declined by about 7% on Wednesday and the warnings of this decline in the growth rate by 1% are being issued. Against this […]
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Athens: The European lending agencies have converted Greece into a dead colony wherein Greeks will have to suffer pain and poverty for many years to come, accused former Finance Minister of Greece. At the same time, he warned that Greece should quit the Euro and start using the old Drachma currency. It was announced on […]
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Beijing: Malaysian Prime Minister who announced cancellation of Chinese projects in his country has accused China of colonialism. The Malaysian Prime Minister criticised China saying that those poor countries which cannot compete with the rich nations are falling prey to this colonialism. Prior to this, Prime Minister Mahathir had announced withdrawal from the ‘Chinese One […]
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Berlin: The sliding Turkish Lira is creating additional perils for the German economy, cautioned the German finance ministry. The value of the Turkish Lira has fallen by more than 50% against the US dollar, and the debt burden on the country also has increased. Germany being the country with the highest investments in Turkey will […]
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