Ahsan Iqbal and Yao Jing during the launch ceremony of CPEC long-term cooperation plan in Islamabad. File/Reuters
The slashing of the global economic growth forecasts for 2019 by the International Monetary Fund (IMF) and the warning that growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union (EU) should serve as a wakeup call for world leaders to take corrective measures through coordinated actions.
At a time when the global market is battling uncertainty, US President Donald Trump’s Twitter message that he will raise tariffs on $200 billion of Chinese imports to 25 per cent from 10 per cent beginning Friday has ignited fresh trade war fears and fuelled more anxiety among investors.
The AP spoke to seven girls who had been forced to marry Chinese men, four of them still in China. Each described how their new husbands handed them over to paying clients to be raped.
Factory activity shrank in most Asian countries in June as the simmering US-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.
The joint venture (JV) between Uber and Russian Internet company Yandex has agreed to acquire Russian taxi firm Vezet’s core business, further cementing Yandex’s role as a major online taxi operator in Russia and neighbouring nations.
India’s merchandise exports in June declined 9.71 per cent, on a year-on-year basis, to $25.01 billion from $27.70 billion reported for the corresponding month of last year, official data showed.
Retail companies in the United States (US) are using promotions to boost sales during the weak shopping season. Amazon.com’s Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other US retail