Biden: Whatever happens to China’s economy, US will still fund economies in ‘Global South’
The IMF forecasts that the Middle East, Central Asia, developing countries in Asia and sub-Saharan Africa will deliver between 3.2 per cent and 5.0 per cent GDP growth next year, faster than the 1.0 per cent they projected for the United States and 3.0 per cent globally.
India plays down Chinese President Xi Jinping missing G20 summit, says it won’t affect consensus
G20 groups the 20 major economies of the world but it has been divided due to differences over the war in Ukraine. The absence of Putin and Xi as well as divisions over the war mean it would be difficult to arrive at a consensus Leaders Declaration at the summit, analysts and officials have said.
India’s PM Narendra Modi uses G20 summit in Delhi to popularise self abroad, lure voters at home
The Modi government has gone into high gear, promoting India as a bridge to the developing world and arguing it is well-placed to tackle issues of climate change, terrorism and the debt crisis. His administration is also highlighting India’s position as a growing power courted by major Western countries, particularly after US President Joe Biden’s state visit in June.
Ecuadorian cocaine barons exploit poorly policed banana export routes to traffic dugs to Europe
Drug traffickers’ infiltration of the industry that is responsible for about 30% of the world’s bananas has contributed to unprecedented violence across this once-peaceful nation. Shootings, homicides, kidnappings and extortions have become part of daily life, particularly in the Pacific port city and banana-shipping hub of Guayaquil.
Reality check: Economic experts doubt China’s 60-point plan, call the miracle boom a mirage
The 60-point agenda was meant to fix an obsolete growth model better suited to less developed countries – however, most of those reforms have gone nowhere leaving the economy largely reliant on older policies that have only added to China’s massive debt pile and industrial overcapacity.
China’s economy is headed in the red, economists fear the crunch will destabilise rest of the world
China’s economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over whether the world’s second-largest economy is coming closer to a crunch point: What is causing China’s economy to slow down? Unlike consumers...
Louisiana attorney general files amicus brief in press freedom landmark suit against legacy media
The lawsuit, filed May 31, alleges the TNI violated antitrust laws and the US Constitution by colluding with tech giants, some of which also are members of the TNI, to censor online news. An amicus brief is filed by non-parties to a lawsuit to provide information that has a bearing on the issues and to assist the court in reaching the correct decision.
Cairo announces Egypt, Ethiopia and Sudan are set to resume negotiations over a disputed dam
Construction work takes place, at the site of the Grand Ethiopian Renaissance Dam near Assosa, Ethiopia on June 28, 2013. Egypt, Ethiopia and Sudan resumed their years-long negotiations on August 27, 2023 over the controversial dam Ethiopia is building on the Nile River’s main tributary, officials said. credit: AP
SpaceX lawsuit pulls the veil off US policy on bias against refugees and other non-citizens
A new lawsuit accusing SpaceX of illegally refusing to hire asylum recipients and refugees could be an important test of the US government’s stance that national security concerns do not allow companies to discriminate against non-citizens. Elon Musk, CEO of the rocket and satellite company, said in response to the...
China bans fish imports from Japan after release of Fukushima radioactive contaminated water into sea
Plant operator Tokyo Electric Power (Tepco) said the release began at 1:03pm local time (0403 GMT) and it had not identified any abnormalities. However, China reiterated its firm opposition to the plan and said the Japanese government had not proved that the water discharged would be safe.
