Washington, June 12 (IANS) Democratic lawmakers introduced legislation that would create a new federal authority to review and monitor large foreign investment commitments in the United States, arguing that Washington needs stronger safeguards to ensure such investments benefit American workers and do not create ethical conflicts for public officials.The proposal, led by Senator Tammy Baldwin and Congressman Ro Khanna, comes as the White House touts hundreds of billions of dollars in investment …
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New Delhi, June 11 (IANS) The future utility of the Quad will not be defined by its transformation into an ‘Asian NATO’ or by rhetorical rivalry with Beijing. Instead, its relevance will depend on whether it can evolve into a flexible strategic mechanism capable of stabilising an increasingly fragmented maritime and economic order stretching from the Pacific to the Gulf, a report has stated.During the recent visit of US Secretary of State Marco Rubio to India, the consistent public response unde…
Abu Dhabi, June 11 (IANS) Leaders from across the world continue to extend wishes to Prime Minister Narendra Modi on Thursday, congratulating him on becoming India’s longest-serving elected Prime Minister. UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday congratulated PM Modi on being India’s longest serving elected PM and wished him success in leading India and its people towards further civilisational achievements. He expressed confidence that the ties between India and UAE will fu…
Seoul, June 10 (IANS) Two people have been caught cheating on the TOEIC English-language proficiency test using artificial intelligence (AI) glasses in first such case in South Korea, the test administrator said on Wednesday.The two people were caught while sitting the exam on May 10 and 31, respectively, after proctors reported suspicions they were wearing AI glasses, according to the Korea TOEIC Committee, reports Yonhap news agency.Under committee regulations, the test results of both individ…
Washington, June 9 (IANS) The United States trade deficit narrowed slightly in April as exports rose faster than imports, while the country’s trade gap with India remained significantly smaller than those with several major Asian manufacturing economies, according to data released on Tuesday by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. The overall U.S. goods and services deficit stood at $55.9 billion in April, down from a revised $56.6 billion in March. Exports increased …
Kathmandu, June 8 (IANS) Nepal’s Foreign Minister, Shishir Khanal, is scheduled to visit China next week after concluding his trip to India, local media reported on Monday.Quoting sources, local media portal Onlinekhabar reported that Khanal will depart for Beijing on June 14. Official meetings are scheduled for June 15 and 16.During the visit, he is expected to hold talks with Chinese Foreign Minister Wang Yi and Liu Haixing, head of the International Department of the Communist Party of Chin…
Washington, June 6 (IANS) US President Donald Trump has celebrated stronger-than-expected employment figures, renewed his call for lower interest rates, and suggested Americans could eventually benefit financially from artificial intelligence companies. He also mentioned that Washington was making progress in preventing Iran from obtaining a nuclear weapon.Speaking to reporters aboard Air Force One, Trump repeatedly pointed to the latest jobs report as evidence that the US economy remains strong…
New Delhi, June 5 (IANS) China strategy of taking up economic projects such as the Belt and Road Initiative (BRI) in developing countries with the objective of extending its geopolitical clout across regions appears to have run into a hurdle when it comes to spreading its influence to Latin America, according to an article in The Diplomat.China’s strategy has shaped its global expansion from Africa and Southeast Asia to the Pacific Islands and Latin America. It has also helped explain why Beij…
Washington, June 4 (IANS) The United States and China appear to be pursuing a period of stability in their relationship, driven largely by economic considerations, but the fundamental sources of friction between the world’s two largest economies remain unchanged, former Assistant Secretary of State for South and Central Asian Affairs Nisha Desai Biswal has said. In an exclusive interview with IANS, Biswal said Washington’s current approach towards Beijing is focused on managing tensions and crea…
Taipei, June 4 (IANS) Taiwanese President Lai Ching-te on Thursday demanded that China “face up” to the Tiananmen Square Massacre on its 37th anniversary and acknowledge the loss of lives caused by Beijing’s Army in response to people’s fight to express their opinions freely.In his statement shared on Facebook, he expressed hope that China initiates reconciliation and dialogue, where people can freely express their views and people of different stances and generations can participate in public d…