New Delhi, May 14 (IANS) The European Union’s Global Gateway initiative is increasingly being seen as an alternative to China’s Belt and Road Initiative (BRI), positioning itself as a more transparent and sustainability-focused model of global infrastructure financing, a report has said.The report by Kenya-based platform Capital News showed that the BRI — launched by China over a decade ago as a flagship connectivity and infrastructure strategy across Asia, Africa, Europe and Latin America …
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New Delhi, May 14 (IANS) Senior Greek and Israeli diplomats welcomed plans for the India‑Middle East‑Europe Economic Corridor (IMEC), saying the proposed trade route could unlock huge economic opportunities and help stabilise a region long ridden with conflict, a report has said.Greek Deputy Foreign Minister Alexandra Papadopoulou described IMEC as “the real long‑term certificate for stability in the region”, adding that the project “would change the whole region from India all the way t…
Washington, May 8 (IANS) A bipartisan group of US senators has reintroduced a resolution backing the US dollar’s status as the world’s reserve currency, warning that China is accelerating efforts to build an alternative global financial system centred around the yuan.The resolution, introduced by Ted Budd and Jeanne Shaheen, says Beijing’s push to internationalise the yuan poses economic and national security risks to the United States and its allies.“Continued cooperation and sustained …
Beijing/Dhaka, May 2 (IANS) Bangladesh’s engagement with the Chinese-financed Belt and Road Initiative (BRI) over the past decade has produced significant but uneven progress, especially in transport and energy infrastructure, with delays, rising costs and selective project revisions limiting its impact, a report stated. According to a report in the international magazine ‘The Diplomat’, under the BRI framework, Bangladesh was expected to receive around $40 billion in Chinese investments from Ch…
Washington, April 30 (IANS) US Senators Cory Booker and Dave McCormick have introduced bipartisan legislation aimed at strengthening energy security, supply chains and strategic partnerships by elevating the Eastern Mediterranean’s role in the India–Middle East–Europe Economic Corridor (IMEC). The proposed “Eastern Mediterranean Gateway Act” seeks to expand US engagement in a region increasingly viewed as a critical link between the United States, India, the Middle East and Europe. The…
Islamabad, April 26 (IANS) For Islamabad, it would be wiser to “redirect its diplomatic initiatives toward internal stabilisation rather than focusing on mediating distant conflicts”, an opinion piece in the local media said.The neighbouring country has attempted to mediate between the US and Iran amid the West Asia conflict.In the middle of the war in the Middle East, Pakistan and China had announced a Five-Point Initiative for restoring peace and stability in the Gulf and the wider Middle East…
Kathmandu, April 26 (IANS) China has used its economic ties with Nepal as a stepping stone for political interference in the Himalayan country, and several deals signed with the Asian giant are now being looked into with the new government taking over in Kathmandu. “In recent years, China’s growing role in Nepal has moved beyond economic cooperation into areas that increasingly resemble strategic and political interference. From diplomatic pressure on issues related to Tibet and Taiwan to attemp…
New Delhi, April 26 (IANS) Nepal is facing an ever-widening trade deficit with China as it imports goods such as electronics, machinery, vehicles and textiles from the neighbouring country, while its exports, in return, are a small fraction of this amount, an article noted.The asymmetry is stark as in the first half of the financial year 2025-26, Nepal’s imports from China exceeded Rs 195 billion, while exports to China amounted to a small percentage, according to the article in Eurasia Review…
New Delhi, April 22 (IANS) With the conflict in the Middle East leading to disruption in oil supplies and soaring prices in global market, South Asian countries are turning to India, rather than China, to tide over the fuel crisis, according to an article published by OCRA (Organisation for Research on China and Asia).For South Asian economies already operating with limited buffers, a prolonged disruption could translate into sustained price pressures and mounting fiscal strain.In this context, …
Beijing/Islamabad April 8 (IANS) Although China has not publicly voiced concern over Pakistan’s mediation efforts during the West Asia conflict involving the US, Israel and Iran, Beijing’s diplomatic response reflected clear unease, a report said on Wednesday. According to think tank ‘Politeia Research Foundation’, Pakistani Defence Minister Ishaq Dar’s recent visit to Beijing failed to secure robust support for mediation, eliciting only a “cautious, principle-based” response from the …