Category: World
-
Is Japan in a recession?
The Japanese government downgraded its assessment of a key indicator of economic trends, suggesting Japan may have already entered a recession rather than marking its longest growth phase since the end of World War II, as previously believed. A Recession is a business cycle contraction when there is a general slowdown in…
-
EU declares end of migration crisis
The European Commission has declared the migration crisis over, as it sharpened its attack on “fake news” and “misinformation” about the issue. Frans Timmermans, the European commission’s first vice-president, said: “Europe is no longer experiencing the migration crisis we lived in 2015, but structural problems remain.”….
-
Russia’s hypersonic weapons targets US
After INF suspension, Russia’s President Vladimir Putin has warned the United States against deploying new missiles in Europe, threatening to attack Western capitals with new weaponry. On 20 October 2018, citing Russian non-compliance, US President Donald Trump announced that he was…
-
French customs agents disrupt Calais
Traffic jams built up around the French port of Calais as customs officers worked to rule, carrying out tighter checks on lorries heading for the Channel Tunnel and the ferry port. On June 23rd, 2016, Britain narrowly voted to leave the European Union, stunning Europe and the world in general…
-
Italy to endorse OBOR?
Italy has planned to sign a memorandum of understanding to become part of China’s Belt and Road Initiative, the flagship multi-national, mega-project which is investing billions of dollars in infrastructure across South and Central Asia. The Belt and Road initiative is a development strategy adopted by the Chinese government involving infrastructure development and investments in…
-
Trump terminates trade benefits
US President Donald Trump has announced his intention to end preferential trade treatment for India and Turkey, accusing New Delhi and Ankara of failing to convince Washington it will provide “equitable and reasonable” access to its markets. The Generalized System of Preferences, or GSP, is a preferential tariff system which …..
-
Chinese to raise defense spending
Beijing seeks to create a “world-class” military under Chinese President Xi Jinping for which China announced a 7.5 percent growth rate in defence spending in 2019. The Chinese People’s Liberation Army (PLA) is the armed forces of the People’s Republic of China(PRC) and its founding and ruling political party, the Communist Party of China(CPC). The…
-
Huawei CFO sues Canada
Huawei’s CFO, Meng Wanzhou sued the Canadian government claiming that she was detained and interrogated before being told she was arrested in Canada. Huawei is a Chinese tech company based in Shenzhen that is leading global provider of information, communications technology (ICT) infrastructure and smart devices…
-
IMF to extend Sri Lankan loan facility
International Monetary Fund has agreed to extend Sri Lanka’s $1.5 billion loan program by an additional year. Sri Lanka’s debt soared as it was developing its infrastructure to the point of near bankruptcy which required a bailout from the International Monetary Fund (IMF). The IMF…
-
Netanyahu to be indicted?
Israel’s attorney general recommended Thursday that Israeli Prime Minister Benjamin Netanyahu be indicted on charges of fraud, bribery and breach of trust in connection with three corruption cases, casting uncertainty over his political future just six weeks before he faces an election. Benjamin Netanyahu is an Israeli politician…