On Saturday, the country’s naval chief said that Indonesia sent a warship to its North Natuna Sea to watch over a Chinese coast guard vessel operating in a resource-rich maritime region that both nations claim as their own. The ship, CCG 5901, has been sailing in the Natuna Sea since …
Read More »Taliban’s entry into Afghanistan harms Indian business endeavors.
The Taliban invasion of Afghanistan put Indian companies’ infrastructure projects in jeopardy. Still, even worse, the Afghanistan International Bank is trying to covertly cash bank guarantees even though it has invoked force majeure clauses and isn’t fully paid for the work already completed. This was disclosed in a petition KEC …
Read More »Advice from the IMF chief to China on reopening its economy amid Covid.
According to the head of the International Monetary Fund, China’s transition from a Covid Zero policy to more normal functioning will likely be the most crucial factor for global growth in 2023. He urged China to move forward with its economic reopening. Even though growth slows from an anticipated 3.2% …
Read More »The New York Times’ list of places to visit in 2023 includes only one Indian state: Kerala.
People worldwide are making their travel plans for 2023 after ringing in the new year. The New York Times has recommended 52 places to visit this year to assist you in making your decision. Kerala, known as “God’s own country,” has also been included. Kerala, a state in southern India, …
Read More »Japan PM Kishida signs new security agreements with G7 allies with an eye on China.
Japan’s Prime Minister Fumio Kishida is bringing back more than souvenirs from his whirlwind diplomatic tour, including space defense, US troop deployments, and a “hugely significant” deal with Britain. In meetings with Group of Seven allies in Europe and North America this week, the Japanese leader has focused heavily on …
Read More »At least 700 employees in India are let go by Goldman Sachs as it launches a significant round of global layoffs.
On Wednesday and Thursday, hundreds of employees of Goldman Sachs, a central Wall Street bank, were let go as the company started laying off as many as 3,200 people globally. It is believed that 700 to 800 employees of the company who worked in India were let go due to …
Read More »Indian submarine sent for extensive maintenance is trapped in sanctions-hit Russia.
After a protracted major refit in Russia, which has been subject to significant sanctions and embargoes by the US-led western countries since it invaded Ukraine in February last year, India is having “some problems” transporting one of its diesel-electric submarines home. But the $5.43 billion (Rs 40,000 crore) contract signed …
Read More »Elon Musk’s financial decline sets a new record.
According to a blog post on Guinness World Records, he lost about $165 billion between November 2021 and December 2022. Guinness noted that although the figures were based on data from publisher Forbes, other sources suggested that Mr. Musk’s losses might have been higher. It comes after Mr. Musk’s electric …
Read More »India extends an “early date” invitation to Israeli Prime Minister Netanyahu.
On Wednesday, Prime Minister Narendra Modi spoke with Israel’s newly elected Prime Minister Benjamin Netanyahu, and extended an invitation for him to visit India “shortly.” The Ministry of External Affairs (MEA) issued a statement in which it said that the prime minister “conveyed his warm congratulations to H.E. Mr. Netanyahu …
Read More »World Bank says the economy is “perilously close” to going into recession.
The World Bank warned on Tuesday that weaker growth in all three of the world’s largest economies—the United States, Europe, and China—will bring the global economy “perilously close” to a recession this year. The World Bank, which provides loans to less developed nations for development projects, stated in an annual …
Read More »