India calls for restraint amid tensions in Taiwan Strait

India on Friday urged the avoidance of unilateral actions to change the status quo in the Taiwan Strait amid the rising military tensions between China and Taiwan. Addressing a weekly media briefing, External Affairs Ministry’s spokesperson Arindam Bagchi said that efforts should be made to maintain peace and stability in the region. “Like many other … Read more

Japan PM shakes up cabinet amid outcry over party ties to Unification Church

Japan’s Prime Minister Fumio Kishida reshuffled his cabinet on Wednesday, removing some ministers with links to the Unification Church to reverse a plunge in public support triggered by the ruling party’s ties to the controversial group. Kishida, in office since last October, announced his new government team in a shake-up that came earlier than analysts … Read more

Torrential rain lessens in S.Korean capital amid heavy flood damage

Torrential rains that have slammed South Korea’s capital, Seoul, diminished on Wednesday after killing at least nine people and damaging about 2,800 homes and other buildings. More rain was forecast for Wednesday, but less than the heavy downpours on Monday and Tuesday that submerged some streets and buildings, trapping people in flooded apartments and stranding … Read more

JD(U), RJD to hold parallel meetings amid soaring political temperatures in Bihar

Members of both houses of Parliament and state legislature, belonging to Bihar Chief Minister Nitish Kumar’s JD(U), converged here on Tuesday to attend a meeting at his official residence, amid speculations of a major political move by the veteran leader, senior party functionaries said. The meeting is scheduled to commence at 11 AM. While the … Read more

Taiwan’s Tsai ‘deeply touched’ by St Vincent PM’s visit amid China tension

Taiwan President Tsai Ing-wen told visiting St. Vincent and the Grenadines Prime Minister Ralph Gonsalves on Monday that she was moved by his determination to visit Taiwan, despite China’s recent military exercises around the self-ruled island. “Prime Minister Gonsalves has expressed in recent days that the Chinese military drills would not prevent him from visiting … Read more

China slows BRI investments amid Ukraine war, COVID-19 pandemic

Amid changing geopolitics due to the Ukraine war and COVID-19 pandemic, China has slowed down its investments in the Belt and Road Initiative (BRI). The uncertainty created by China’s COVID-19 lockdowns has not only moderated China’s growth projections but also global investments. All of these have increased financing risks considerably, particularly in emerging markets that … Read more

China unable to establish meaningful economic lead over US, amid receding growth

China is unable to establish a meaningful economic lead over the US as the country continues to register receding growth and grim performance in the second quarter amid the ongoing housing crisis and the economic slowdown. The growth rate in the country has dropped to 0.4 per cent in the second quarter of 2022. The … Read more

China’s factory activity contracts unexpectedly in July amid COVID flare-ups

China’s factory activity contracted unexpectedly in July after bouncing back from COVID-19 lockdowns in the prior month, as fresh virus flare-ups and a darkening global outlook weighed on demand, an official survey showed on Sunday. The official manufacturing purchasing managers’ Index (PMI) stood at 49 in July, down from 50.2 in June, the National Bureau … Read more

RS adjourned till noon amid Oppn protest, uproar over Chowdhury’s remark on Prez

Rajya Sabha was adjourned for almost an hour on Thursday as the Opposition stuck to its demand for a discussion on price rise and the treasury benches sought an apology from Congress leader Adhir Ranjan Chowdhury over his ”rashtrapatni” remark on the President. Chairman M Venkaiah Naidu took exception to opposition MPs rushing into the … Read more

Ukraine’s Naftogaz stumbles into default amid new debt overhaul push

Ukraine’s Naftogaz has become the first Ukrainian government entity to default since the start of the war after the state-owned energy firm failed to make payments due on international bonds before the expiry of a grace period on Tuesday. The company said in a statement that it had failed to get creditors’ support for a … Read more