The blame for pushing the bilateral relationship between the United States and China to its lowest point in decades was squarely put on Washington by China’s top diplomat in his first phone call with new United States Secretary of State… Read More ›
Month: February 2021
Slow Job Growth In The US With Covid-19 Stalling Recovery
With the Covid-19 pandemic continued to disrupt economy recovery in the United States, just 49,000 jobs were added in the country in January. Employment was hit at retail stores, restaurants, casinos and hotels because of continued losses which was described… Read More ›
An African And A Woman Is Set To Be The WTO Chief For The First Time
The first woman and the first woman and the African to head the World Trade Organization would be Nigeria’s Ngozi Okonjo-Iweala. Her candidature to the top post of the global trade regulating body was confirmed after the withdrawal of the… Read More ›
South Korea unveils plan to build world’s largest offshore wind farm for $43 billion
In a significant development, South Korea has unveiled a plan to build the world’s largest wind power plant by 2030 at a cost of $43.2 billion (48.5 trillion won) as part of broader efforts to foster an sustainable-friendly economic recovery… Read More ›
UK Revokes Broadcast License Of Chinese State-Owned News Channel CGTN
The broadcasting license of China Global Television Network, or CGTN has been revoked by regulators in the United Kingdom. After an investigation “concluded that the license is wrongfully held by Star China Media Limited”, the Chinese state-owned channel’s license had… Read More ›
Japanese Beer Giant Kirin Ends Partnership In Myanmar After Military Coup
A partnership with a conglomerate in Myanmar is being ended by the Japanese beer giant Kirin potentially because the conglomerate has ties with the military of Myanmar. The commander-in-chief Senior General Min Aung Hlaing of the Myanmar army oversees the… Read More ›
UK expelled 3 Chinese spies posing as journalists
According to a report from The Telegraph newspaper, in 2020 the United Kingdom expelled three Chinese spies who were in the country on journalism visas. Citing a UK government source, the report said the three expelled Chinese spies were intelligence… Read More ›
Britain’s clips China’s soft power: revokes CGTN’s license to operate within the country
In a statement on Friday, China’s foreign ministry said, it is “firmly opposed” to Britain’s decision to revoke the license for its state media CGTN to operate within the country. The development comes in the wake of the UK’s communications… Read More ›
PayPal shutters domestic payment business in India
In a statement on Friday, PayPal Holdings Inc said, from April 1, 2021, it will close down its domestic payments business in India. It will continue to focus on its cross-border payments business, which enables global customers to pay Indian… Read More ›
Consulting firm McKinsey & Co agrees to settle lawsuits over opiod crisis role claims with $573 million
According to a source familiar with the matter at hand, McKinsey & Co, a consulting firm, has agreed to pay $573 million to resolve claims with 43 U.S. states related to its role in the opioid epidemic and advice it… Read More ›
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