Category: WORLD

India, China trade crosses $100 billion during January-September; deficit up at $75 billion

BEIJING: India and China bilateral trade continued to boom, crossing USD 100 billion for the second year in the first nine months of 2022 while India’s trade deficit climbed to over USD 75 billion, according to trade data released by Chinese customs. The total bilateral trade, amidst the military standoff in eastern Ladakh, went up […]

India an important manufacturer of vaccines for world: White House

WASHINGTON: India is an important manufacturer of vaccines for the world, the White House said, acknowledging the crucial role the country played in supplying vaccines against COVID-19 globally. Because of its incredible manufacturing capacity, (India) has been a major exporter of vaccines, Dr Ashish Jha, White House Coronavirus Response Coordinator, told reporters at a news […]

Shehbaz Sharif welcomes FATF’s decision to remove Pakistan from its grey list

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif on Friday welcomed the FATF’s decision to remove his country from its grey list, describing the development as a vindication of our determined and sustained efforts over the years. The Paris-based Financial Action Task Force (FATF), the global watchdog on terror financing and money laundering, on Friday removed Pakistan […]

Commercial aircraft services market to double in value by 2041

NEW DELHI: Airbus expects the services market to recover to pre pandemic levels in 2023 and to double in value over the next 20 years – from $95bn today to over $230bn in 2041, according to its latest Global Services Forecast (GSF). As a result, the number of people working in aviation services, keeping the […]

Global economy moving from ‘relative predictability’ to uncertainty: IMF MD

WASHINGTON: The global economy is moving from a world of relative predictability to one of greater uncertainty, IMF chief Kristalina Georgieva has said, warning that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or next year. In a major policy speech here ahead of […]

India, Pakistan both partners with different points of emphasis, says US

NEW DELHI: India and Pakistan are both partners of the US with different points of emphasis, the Biden administration said Monday, a day after visiting External Affairs Minister S Jaishankar questioned the rationale behind the latest American F-16 security assistance to Islamabad. Referring to the argument made by the US that F-16 sustenance package is […]

Industry choosing US over China, Japan to manufacture chips: Joe Biden

WASHINGTON: Global chips manufacturing industry is opting for the United States (US) over countries like China and Japan to set up their plants, President Joe Biden said as he announced two major investments by these companies here. China, Japan, South Korea, the European Union — all these places are investing tens of billions of dollars […]

Indian assistance not charitable donations in Sr Lanka crisis: Wickremesinghe

COLOMBO: Sri Lanka’s Prime Minister Ranil Wickremesinghe on Wednesday told Parliament that financial assistance provided by India are not “charitable donations” and the island nation facing severe economic crisis must have a plan to repay these loans. Sri Lanka has been facing the worst economic crisis since independence in 1948 which has prompted an acute […]

US announces 1.5-year extension for some expiring immigrant work permits

By Lalit K Jha WASHINGTON: The Biden administration has announced that certain categories of immigrants, including those seeking green cards and spouses of H-1B visa holders, would be permitted to use their expired work permits for an additional 18 months, offering a reprieve to thousands of Indians working in this country and prevent further disruption […]

India, US to restart commercial dialogue, CEO forum later this year: Blinken

By Lalit K Jha WASHINGTON: India and the US are restarting their bilateral commercial dialogue and the CEO’s forum later this year to deepen their bilateral trade and investment relationship, US Secretary of State Antony Blinken has announced. Blinken made this announcement at a joint news conference with Defence Secretary Lloyd Austin along with their […]

USA says India is a bit shaky in terms of dealing with aggression of Russia

WASHINGTON: India is a bit shaky in terms of showing support against the Russian invasion of Ukraine, US President Joe Biden has said asserting that most American friends and allies have presented a united front in terms of dealing with Vladimir Putin’s “aggression”. On February 24, Russian forces launched military operations in Ukraine, three days […]

AIIB puts its projects in Russia, Belarus on hold due to Ukraine crisis

NEW DELHI: China-based Asian Infrastructure Investment Bank (AIIB) on Thursday put on hold all its projects in Russia and its ally Belarus, a significant move amid the heightening crisis in Ukraine. The bank’s decision was regarded as noteworthy considering that Russia is its third-largest shareholder. India is the second-largest shareholder after China. Former RBI Governor Urjit […]

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