Japan welcomes new US Indo-Pacific economic initiative
Tokyo: Japan welcomes a new US economic initiative for the Indo-Pacific that President Joe Biden is expected to roll out during a visit to Tokyo next week because it demonstrates American commitment to a regional economic order that is not just about market access, an official said on Friday. Biden is proposing the new Indo-Pacific […]
Russia-Ukraine war impact draws focus of G7 finance leaders
Koenigswinter (Germany): Finance ministers for the Group of Seven leading economies on Thursday will deal with the immediate effects of Russia’s war in Ukraine and the COVID-19 pandemic, overtaking their more ambitious plans to reform the global economy. A refugee crisis, high inflation, food insecurity exacerbated by the wa r and climate change, and the […]
BRICS must live up to commitments to sovereign equality and territorial integrity: Jaishankar
New Delhi: The knock-on effects of the Ukraine conflict have led to a sharp increase in costs of energy, food and commodities and it must be mitigated for the sake of developing countries, External Affairs Minister S Jaishankar said on Thursday at a virtual meeting of the BRICS. With the foreign ministers of China, Russia […]
US, banks unveil plan to ease food crisis from Russia’s war
Bonn (Germany): Ahead of the G7 finance ministers’ meetings, the US Treasury, several global development banks and other groups unveiled a multi-billion dollar plan meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine. Treasury announced Wednesday that several global development banks are “working swiftly to bring to bear their financing, […]
EU rushes out $300 billion roadmap to ditch Russian energy
Brussels: The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient use of fuels and faster rollout of renewable power. The European Commission’s investment initiative is meant to help […]
Ukraine working to pull last fighters from Mariupol mill
Kyiv: Hundreds of Ukrainian fighters defending the last holdout in Mariupol were evacuated to areas controlled by Russian-backed separatists and officials worked Tuesday to get the rest out, signalling the beginning of the end of a siege that became a symbol of Ukrainian resistance. Russia called the operation a mass surrender. The Ukrainians avoided using […]
UK raises stakes in EU spat with threat to break Brexit deal
London: The British government dramatically escalated a fight with the European Union on Tuesday by saying it will pass a law to change the trade treaty signed by the two sides less than two years ago. Britain says its move to scrap parts of the legally binding treaty is an insurance policy in case it […]
EU’s Russia sanctions effort slows over oil dependency
Brussels: The European Union’s efforts to impose a new round of sanctions against Russia over the war in Ukraine appeared to be bogged down on Monday, as a small group of countries opposed a ban on imports of Russian oil. Since Russia invaded on Feb. 24, the bloc has implemented five rounds of sanctions on […]
Sweden ends neutrality, joins Finland in seeking NATO berth
Stockholm: Sweden’s prime minister announced Monday that Sweden will join Finland in seeking NATO membership in the wake of Russia’s invasion of Ukraine, a historic shift that comes after more than 200 years of military nonalignment in the Nordic country. The move, which is likely to upset the government of Russian President Vladimir Putin, came […]
Uyghur county in China has highest prison rate in the world
Beijing: Nearly one in 25 people in a county in the Uyghur heartland of China has been sentenced to prison on terrorism-related charges, in what is the highest known imprisonment rate in the world, an Associated Press review of leaked data shows. A list obtained and partially verified by the AP cites the names of […]
