South Asia and Beyond

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Bank Of Japan Hikes Interest Rate, First In 17 Years

Japan’s central bank has decided to scrap the world’s last negative rate policy for the first time in 17 years. The Bank of Japan (BOJ) announced that it was changing its short-term policy rate from -0.1% to between zero and 0.1%. The negative rate policy was implemented way back in 2016 and has been a […]Read More

Chinese Property Giant Evergrande Accused of $78 Billion Fraud

Evergrande Group, the main company behind China’s real estate crisis, had inflated revenue by over $78billion in two years, China’s top securities regulator said. According to China Securities Regulatory Commission (CSRC), Evergrande boosted its income in 2019 by $29.7 billion by recognising sales in advance and another $48 billion in 2020 annual results. Evergrande’s founder […]Read More

Biden Jokes About Trump’s Mental Fitness

US president Joe Biden took a dig at Donald Trump’s mental fitness during a speech at the Gridiron Dinner in Washington on Saturday. “One candidate is too old and mentally unfit to be president. The other one is me,” Biden said. The dinner was attended by overt 650 guests and included Amazon founder and Washington […]Read More

Nine Year Decline in New Marriages Comes To An End in China

China has announced that the nine-year streak of declining marriage registrations in the country ended last year. According to the data, the number of newlywed couples rose to 7.68 million, which was a rise of 845,000 compared with 2022. The data comes days after China’s Premier Li Qiang said that the government would work towards […]Read More

EU Signs $8 Bn Deal With Egypt To Check Migrant Flow

The European Union has signed a $8.05 bn deal with Egypt to help revive its economy. Part of the deal also gives aid to tackle migrant inflow into Europe. The strategic partnership involves soft loans to support economic changes along with $218mn for managing migration issues. The deal comes a year after the EU signed […]Read More

Putin Says Russia-China Relations Will Become Stronger

Russian President Vladimir Putin has predicted that in the coming years, Russia-China relations would become stronger. Partial results which were announced yesterday showed that Putin had won with a thumping majority. According to an exit poll by pollster the Public Opinion Foundation (FOM), Putin won 87.8% of the vote, the highest ever result in Russia’s […]Read More