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For the first time in decades, the world’s second economy is itself in trouble. Hong Kong’s Hang Seng (HSI) Index slid into a bear market on Friday, having fallen more than 20 per cent from its recent peak in January. The Chinese yuan, last week, fell to its lowest level in 16 years, prompting the
US Defense Secretary Lloyd Austin on Tuesday will host Pakistan Army chief Gen Qamar Javed Bajwa at the Pentagon for talks amidst signs of enhanced military engagement between the two countries. Last week, Pakistani Foreign Minister Bilawal Bhutto Zardari was in the town meeting top officials of the Biden Administration, including Secretary of State Tony Blinken. Bajwa will be accorded an
In June 2020, the Chinese and Indian militaries clashed in the Galwan Valley, a rugged and remote area along the disputed border between the two countries. Twenty Indian and at least four Chinese soldiers were killed, and debate flared about the long-term implications of the skirmishes. Some analysts believed the Sino-Indian relationship would soon return
NEW DELHI/BENGALURU – India is fast emerging as a competitive destination for electronics manufacturers exiting China, with the world’s largest such manufacturer Foxconn entering a US$19.5 billion (S$27.9 billion) joint venture with India’s Vedanta Group to make semiconductors in the western state of Gujarat. While China remains the global hub for electronics production, companies are looking for alternative
India is set to export one of its prized possessions, the “Pinaka” missile system, to conflict-ridden Armenia, just days after recording the highest-ever defense export that swelled by a staggering 334% over the last five years. As Armenia grapples with managing a surge in violence with Azerbaijan in a new flare-up of tensions, India has
in speech on PRC’s 73rd founding day, Ambassador Sun Weidong calls for closer cooperation, New Delhi to respect China’s “core interests” on Taiwan and Tibet The situation at the Line of Actual Control is moving towards being “normalised”, claimed the Chinese Ambassador to India Sun Weidong, as he called for India and China to work
Washington: US Secretary of State Antony Blinken highlighted several issues including the ongoing Ukraine conflict, the Indo-Pacific situation, during a joint press conference with External Affairs Minister S Jaishankar on Tuesday. Speaking over the Pakistan F-16 row, the US official said: “This is a sustainment program for F-16s that Pakistan has long had. These are not
