China’s economic downturn has significantly impacted luxury brands, following declines in the housing sector, stock market, and job market. For the first time, leading global retailers are publicly attributing their sales drops to China.
Some American legislators have proposed a bipartisan legislative bill that will require United States-listed firms to disclose their assets and businesses in the People’s Republic of China (PRC) and estimate the economic losses they will suffer if China invades Taiwan.
KV Subramanian, Executive Director of the International Monetary Fund (IMF) and former Chief Economic Advisor of India, said on Thursday that India could become a USD 55 trillion economy by 2047 if it maintains an 8 per cent annual growth rate.
China “imposes its authoritarianism” on Taiwan, according to US filmmaker Garret Clarke, who has made a documentary on why the self-governing island country cannot use its name to compete in major international sports events.
A rocket attack on a football ground in the Israeli-occupied Golan Heights killed 12 people including children on Saturday, Israeli authorities said, blaming Hezbollah and vowing to inflict a heavy price on the Iran-backed Lebanese group.
In a bold move, the U.S. State Department has declared its intention to enforce visa restrictions on Chinese officials implicated in the oppression of religious and ethnic minorities within China.
An international human rights watchdog called upon the Chinese authorities on Tuesday for the illegal imprisonment and further torture of Ilham Tohti, a renowned Uyghur activist and intellectual, Amnesty International said in a statement.
Nippon Steel (5401.T), opens new tab will dissolve its joint venture with China’s Baoshan Iron & Steel (600019.SS), opens new tab, it said on Tuesday, ending two decades of cooperation when their existing shareholders’ agreement expires at the end of August.
Pakistan’s Jamaat-e-Islami (JI) chief Hafiz Naeemur Rahman on Sunday warned against new military operations and said that the bureaucracy must mend their ways and acknowledge their failures, Geo News reported, quoting The News.
ByteDance, the owner of global hit short video platform TikTok, has lost a legal challenge that sought to reverse a European Union decision stating that the firm should not favour its own service over rivals.
As Democrats churn over whether President Joe Biden should stay in the 2024 race, the party turmoil is deepening over whether his Vice President Kamala Harris is next in line for the job or if a “mini primary” should be quickly launched to choose a new nominee before the party’s August convention.
A major fire broke out on a container cargo merchant vessel about 102 nautical miles southwest of Goa, causing explosions on the front part of the ship on Friday evening. The vessel was on a passage from Mundra port in Gujarat to Colombo in Sri Lanka.
Tourist arrivals surpass 63,000 in first half of October
EDB gets new chief
Colombo welcomes Cinnamon Life
New Board of Directors appointed for SriLankan Airlines
Easter attack: controversy swirls further high
Catholic Church rebuffs Gammanpila’s allegations
Easter Sunday attack: Ravi Seneviratne’s name implicated
SL unveils new ’P’ series passport with enhanced security features