Sat 04 February 2023: Financial contagion fears spread in India on Friday as Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of India’s parliament led to their adjournment on Friday as some […]
Continue Reading
Sat 04 February 2023: Pakistan‘s telecommunications regulatory authority has blocked the online international encyclopaedia service for publishing and failing to remove blasphemous content, an official said on Saturday. The Pakistan Telecommunication Authority (PTA) has blocked Wikipedia after it failed to meet a 48-hour deadline set on Wednesday to remove the sacrilegious content. “Yes, we blocked the service […]
Continue Reading
Sat 04 February 2023: The Chinese spy balloon flying above the United States isn’t the only one that should not be there. News outlets in Costa Rica reported Thursday that a similar-looking aircraft hovered above the country’s western coast, raising suspicions that the balloon over Montana wasn’t alone in the sky. It is unclear exactly which […]
Continue Reading
Fri 03 February 2023: China’s foreign ministry has expressed regret over what it called a civilian balloon straying into United States airspace. In a statement on Friday, the ministry said the balloon suspected by the US of conducting surveillance was a civilian “airship” used for research, mainly for meteorological purposes. The statement said the airship […]
Continue Reading
Thu 02 February 2023: The value of Gautam Adani’s conglomerate has lost $100 billion due to the stock market collapse, and shares of his companies continued to decline on Thursday. This was despite the Indian billionaire’s efforts to calm his anxious investors, CNN reported. “For me, the interest of my investors is paramount and everything […]
Continue Reading
Thu 02 February 2023: Canada’s parliament on Wednesday unanimously passed a motion to take in 10,000 Uyghur refugees who fled China but are now facing pressure to return. The move builds on a February 2021 move by Canadian lawmakers to label Beijing’s treatment of Uyghurs and other Turkic Muslims in its northwestern Xinjiang territory as […]
Continue Reading
Thu 02 February 2023: Written over 2,000 years ago, Chinese general and strategist Sun Tzu stated in The Art of War that “Subjugating the enemy’s army without fighting is the true pinnacle of excellence.” This ancient maxim still rings true today and is arguably being put into practise by present-day China. Beijing has been excelling in economic […]
Continue Reading
Wed 01 February 2023: A senior Ukrainian lawmaker has called for the United States to impose secondary sanctions on China and India if they keep buying Russian energy, urging total solidarity against Moscow’s invasion. On a visit to Washington, Oleksandr Merezhko, who heads the foreign affairs committee in Ukraine’s parliament, also called for greater ties […]
Continue Reading
Wed 01 February 2023: Credit Suisse Group AG has stopped accepting Gautam Adani’s group of companies bonds as collateral for margin loans to its private banking clients, indicating that the Indian tycoon’s finances are being scrutinized following allegations of fraud by short seller Hindenburg Research. Adani Group shares were in freefall on Wednesday, when Union Budget […]
Continue Reading
Mukesh Ambani, Gautam Adani Wed 01 February 2023: Gautam Adani, founder and chairman of Adani Group who had replaced Reliance Industries Limited (RIL) chairman Mukesh Ambani as the richest person in India a year ago lost the tag due to the impact of the Hindenburg research report on the group. After losing over USD 50 […]
Continue Reading
