All is not well with China’s economy. Cash-strapped Chinese developers are scrambling to negotiate new terms with their bondholders to avoid defaults, with Yuzhou Group and the Shimao Group being the latest case in point of Chinese developers seeking extensions on their… Read More ›
On Wednesday, Australia’s New South Wales, its most populous states, saw a significant increase in Omicron infections leading to staff shortages that have disrupted supply chains hampering its economy’s recovery. Businesses are grappling with a growing toll of workers who… Read More ›
Following the cancellation of a trip to the United States and Australia due to rising COVID-19 cases, Japan and Australia are set to sign a treaty to beef up defence and security cooperation at a virtual summit on Thursday. Japanese… Read More ›
Britain’s Brexit minister David Frost has submitted his resignation last week over disillusionment with the direction British Prime Minister Boris Johnson was leading the country after Brexit. Frost’s resignation raises question of Britain’s future tone with EU over post Brexit… Read More ›
In a statement Israeli Prime Minister Naftali Bennett stated, the country is in the midst of a fifth COVID-19 wave as he urged citizens to step up vaccination and to take precautions such as working from home. In a televised… Read More ›
German Chancellor Olaf Scholz said, his government would make Germany, Europe’s biggest economy, fit for the future and vowed it would leave no one behind in this major transformation of the economy. Vowing increased investments in climate protection and digitalization… Read More ›
In the first ever public meeting, Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan played host to Israel’s prime minister Naftali Bennett, following the formalisation of Israel-UAE ties in 2020. Ahead of the talks, Israeli ambassador to Abu Dhabi… Read More ›
In a significant development, British foreign minister Liz Truss said, Britain is considering all options in the event of a Russian invasion of Ukraine. She highlighted the fact that Britain has used economic sanctions in the past to send diplomatic… Read More ›
The United States and the European Union are scheduled to issue a “robust” joint statement after emerging from a meeting on Thursday on their approach to China underscoring a convergence on the challenges posed by Beijing, said a senior U.S…. Read More ›
Factory activity in China contracted in November following a fall in employment rates, reduced demands and rising prices weighing on manufacturers, showed a business survey the results of which were released on Wednesday. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI)… Read More ›
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