In a significant development, the G7 has put forth the vision of a grand infrastructure plan that rival’s Chinese President Xi Jinping’s multi-trillion-dollar Belt and Road initiative, which has led many countries into severe debt. The new economic plan, presented… Read More ›
Geopolitics
China passes law to counter foreign sanctions
On Thursday, Chinese state television reported that Beijing has passed a law to counter foreign sanctions. The bill had undergone a secret first review in April, and was passed by China’s top legislature, the National People’s Congress (NPC) standing committee… Read More ›
UK, US to collaborate on reopening travel industry
In a statement the British government said, Prime Minister Boris Johnson and U.S. President Joe Biden are likely to collaborate in opening up the travel sector between the two countries “as soon as possible”. In his first overseas trip, Biden… Read More ›
US Will Collaborate Closely With Its Allies To Ensure Supply Of Electric Vehicle Metals
Considering the environmental and other competing interests, it is imperative for the United States to work with its allies so that it is possible to secure the minerals that are critical for making electric vehicle batteries and process them within… Read More ›
Investment Ban In Dozens Of Chinese Defense And Tech Firms Expanded By Biden Administration
A ban on investing by entities of the United States in dozens of Chinese companies that allegedly have ties with defense or surveillance technology sectors was imposed by the United States president Joe Biden as he signed an executive order… Read More ›
Higher Than Expected Rise In Euro Zone Producer Prices In April
There was a more than expected rise in the producer prices in the euro zone in the month of April driven by a sharp rise in the prices of energy products, showed data published by the European Union’s statistics office… Read More ›
Hungary blocks joint EU statement critical of China’s Hong Kong policy
On Friday, German Foreign Office State Secretary Miguel Berger tweeted that the European Union must finds ways to address ways of managing dissent, including qualified majority voting on foreign policy, following Hungary blocking a joint EU statement that was critical… Read More ›
Britain set to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership
On Wednesday, members nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially agreed to allow the United Kingdom to start the process of joining the pact, said Japan’s economy minister in a statement. Welcoming the start of… Read More ›
2020 Saw A 5% Drop In Carbon Emissions In Australia
There was growth in the generation of wind and solar energy in Australia in 2020 while the country’s carbon emissions dropped during the year by 2020, the government of the country said on Monday. According to analysts this was primarily… Read More ›
Growth In China’s Factory Activity In May Allows Slightly Due To Surge In Raw Materials Costs
With the growth of costs for raw materials increasing at the fastest pace in more than two decades factory activity growth in China slowed down slightly in May. The high costs of raw materials affected the output of small and… Read More ›