Tag «International»

Russia-Ukraine war threatening developing economies, warns UN

Russia-Ukraine war

A U.N. task force is warning in a new report that Russia’s war against Ukraine threatens to devastate the economies of many developing countries that are now facing even higher food and energy costs and increasingly difficult financial conditions. U.N. Secretary-General Antonio Guterres launched the report Wednesday stressing that the war is supercharging a crisis …

China reports 1,366 new local Covid-19 infections in last 24 hours

China reports 1 366 new local Covid-19

The Chinese mainland reported 1,366 new locally-transmitted COVID-19 infections in the last 24 hours, the National Health Commission said Monday. In addition, China’s strict lockdown in Shanghai is affecting global supply chains. Of the local confirmed cases reported Sunday, 836 were in Jilin, 425 in Shanghai, and 16 in Fujian, according to Xinhua News Agency. …

European Union plans $23 billion to check China’s reach in S Africa

European Union plans $23 billion

The European Union is working on a 20 billion-euro ($22.7 billion) financing package to support African transport networks, as well as energy, digital, education and health projects to counter China’s reach in the continent. Member states, however, have yet to commit to financing the infrastructure plans, according to officials familiar with the discussions. The bloc’s plan includes …

FIFA launches Talent Development Scheme, aiding member associations

FIFA launches Talent Development

FIFA has launched an innovative FIFA Talent Development Scheme (TDS), offering bespoke assistance to member associations (MAs) to help them achieve their full potential and continuing the measures taken to reduce the disparity in the level of football between different regions of the world. TDS is part of FIFA’s collaborative work with MAs to increase global competitiveness. World …

Saudi Arabia plans to increase oil output amid recovery in prices

Oil Up, Fuel Demand Outlook Clears Over Full Vaccine Approval

By Administrator_India Capital Sands Saudi Arabia plans to increase oil output in the coming months, reversing a recent production cut, the Wall Street Journal reported on Wedn­esday, citing advisers to the country. The world’s largest oil exporter surprised oil markets last month when it said it would unilaterally slash 1 million barrels a day of crude production in …

China GDP grows 2.3% in 2020, back to pre-Covid pandemic trajectory

China GDP grows 2.3% in 2020, back to pre-Covid pandemic trajectory

By Administrator_India Capital Sands China’s economy roared back to pre-pandemic growth rates in the fourth quarter as its industrial engines fired up to meet surging demand for exports, pushing the full-year expansion beyond estimates and propelling its global advance. Gross domestic product climbed 6.5 per cent in the final quarter from a year earlier, pushing …

France reopens UK border for travellers who are Covid-free

France reopens UK border for travellers who are Covid-free

By Administrator_India Capital Sands Freight from Britain and passengers with a negative virus test began arriving on French shores Wednesday, after France relaxed a two-day blockade over a new virus variant that had isolated Britain, stranded thousands of drivers and raised fears of shortages. Associated Press reporters witnessed a ferry pulling into the French port …

UK could agree on ‘mini deals’ with European Union if trade talks fail

UK could agree on 'mini deals' with European Union if trade talks fail

By Administrator_India Capital Sands UK Cabinet Office Minister Michael Gove said that Britain and the European Union could engage in a series of “mini unilateral” deals if no trade agreement is reached by the end of the month. Gove said that Britain and the bloc’s 27 member states could form a new “special relationship” after …