WASHINGTON, June 22 (Reuters) – U.S. President Joe Biden and Narendra Modi hailed a new era in their countries’ relationship after the White House rolled out the red carpet for the Indian prime minister on Thursday, touting deals on defense and commerce aimed at countering China’s global influence. “Two great nations, two great friends, and […]

By Prabhat Patnaik After Sri Lanka and Pakistan, Bangladesh has become the third country in our neighbourhood to become afflicted by a serious economic crisis. It has asked for a $4.5 billion loan from the IMF, apart from $1 billion from the World Bank and $2.5-3 billion from multilateral agencies and donor nations. Though the […]

After much delay, U.S. Secretary of State Antony Blinken travels to China this weekend, hoping to prevent U.S.-China tensions from spiraling further. The bilateral relationship remains the focus of intense attention, but multilateral organizations have long been sites of U.S.-China conflict. The latest arena is UNESCO, which the United States just announced plans to rejoin, largely […]

Mali’s foreign minister has called on the UN to withdraw its peacekeeping force from his country “without delay”. Addressing the UN Security Council Minster Abdoulaye Diop accused the force ‘Minusma’ of having “become a part of the problem in fuelling communal tension”. Minusma has more than 13,000 troops. Its decade-old mission has failed to stop […...

By Y P Prakash The growth of regional industries is crucial for India to realize its ambitions of becoming a global manufacturing hub, and India’s potential in this regard is undeniable. The International Monetary Fund predicts that India’s GDP will grow by 6.1% in 2023, surpassing China’s projected growth of 4.4%. Furthermore, India is expected […]

India supports efforts aimed at ending the Ukraine conflict as it believes in finding a way forward through diplomacy and dialogue, external affairs ministry spokesperson Arindam Bagchi said on Friday against the backdrop of the Brics grouping backing mediation proposals. A joint statement issued

A big Polish chicken producer has been knocking on China’s door for eight years without selling a single drumstick, but hope springs eternal according to one of its representatives. Wipasz deputy sales director Rafat Koztowski attended the China-CEEC Expo & International Consumer Goods Fair in Ningbo, Zhejiang province, last month on his second visit to China since […]

India supports efforts aimed at ending the Ukraine conflict as it believes in finding a way forward through diplomacy and dialogue, external affairs ministry spokesperson Arindam Bagchi said on Friday against the backdrop of the Brics grouping backing mediation proposals. A joint statement issued

By Chani Imbulgoda “We suffer today, because leaders in the past have failed to govern this country properly”. Oh, the predecessor has not done things well, they all have let the place go haywire”. Familiar excuses… When one takes over the leadership be it the country, be it an organisation, or be it a new […]

In the recent Group of Seven or G7 Summit, Prime Minister Narendra Modi’s interactions with several countries’ leaders shows a shift in India’s international diplomacy and also its proactive approach towards its relations with foreign nations, foreign affairs expert Maheep wrote. Maheep is a leading expert of India’s Foreign Affairs and He is the Principal […]

Ireland’s embassy in Beijing has not removed visible displays of support for Kiev on its premises, despite the Chinese government’s request that all foreign embassies remove what it referred to as “politicized propaganda” on the exteriors of their buildings. Ireland’s Department of Foreign Affairs has insisted that it will continue to display “visual reminders&#...

Sri Lanka is among three South Asian governments that increased borrowing from domestic banks to finance their record debt, and, as a result, sovereign-bank nexus increased, heightening the financial sector’s vulnerability, according to a World Bank report. The other two countries are the Maldives and Pakistan, says a WB report, titled ‘A mixed bag for […]

CPC, CEB need to recover costs until end of Fund’s loan package By Rathindra Kuruwita The Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) had to recover costs until the end of the IMF programme, Sarwat Jahan, IMF Resident Representative in Sri Lanka, told a press conference in Colombo yesterday. The IMF also wanted the […]

The Asian region’s steady rise to economic, political and military dominance in the current world order is bound to have substantial foreign policy implications for the global South in particular. For the more prominent of the region’s powers these foreign policy dilemmas could prove to be considerably challenging. This is particularly so in the case […]

in a chaotic political environment. The Ukraine war slogs […]

in a maniacal war against Ukraine, penetrating foreign airspace […]

IMF chief Kristalina Georgieva did not mince her words about emerging and heightening crisis tendencies in the global economy. She said, among other things recently, that the IMF’s projection of 2.8 percent global growth for 2023 “is not enough to bring opportunities to businesses and people around the world, and most worrisome is the projection […]

While the days of good news are going on for India, the latest good news is that our country’s currency, the rupee, is gradually making its place and influence among countries of the world. Seeing the increasing role of India in international trade, the countries of the world are coming forward to do financial transactions […]