NEW DELHI (Reuters) – The Indian government has formed a panel to review the country’s pension system and discuss whether changes are warranted, the finance ministry said on Thursday. Finance Minister Nirmala Sitharaman announced last month that the government would consider changes to the country’s pension system to be used by both the federal and …
Indian govt forms panel to review pension system Read More »
By Shivangi Acharya NEW DELHI (Reuters) – British defence companies are planning to boost tie ups or make new investments in India, amid broader efforts to diversify their supply chains, an industry body said on Thursday. Britain has sought to deepen economic, defence and security ties with India, committing to closer links with the Indo-Pacific …
UK defence firms keen to expand in India -business council Read More »
By Hyonhee Shin SEOUL (Reuters) -North Korea accused the U.S. and South Korea of escalating tensions to the brink of nuclear war through their joint military drills, vowing to respond with “offensive action”, state media KCNA reported on Thursday. KCNA released a commentary by Choe Ju Hyon, whom it called an international security analyst, criticising …
N.Korea says U.S.-S.Korea drills push tension to ‘brink of nuclear war’ Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Saudi Arabia has told the International Monetary Fund it will provide financing to Pakistan, Pakistani junior finance minister Aisha Ghaus Pasha said on Thursday, a critical step needed to secure IMF funding. Saudi Arabia’s $2 billion pledged in external financing support to Pakistan is one of the final conditions for …
Saudi Arabia commits financial support to help Pakistan secure IMF deal – minister Read More »
WASHINGTON (Reuters) – U.S. congressional leaders on Thursday invited South Korean President Yoon Suk Yeol to address Congress on April 27 during his trip to the United States. Yoon is scheduled to meet with President Joe Biden during a state visit on April 26, a trip the White house said would celebrate the 70th anniversary …
U.S. lawmakers invite South Korean president to address Congress Read More »
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain at around 3% for the next five years, Managing Director Kristalina Georgieva said on Thursday, flagging increased downside risks. That is the global lender’s lowest medium-term growth forecast since 1990, and well below …
IMF’s Georgieva sees global growth below 3% in 2023, robust recovery ‘elusive’ Read More »
By Emilio Parodi MILAN (Reuters) – Drugs cartels operating in Italy are increasingly using shadow networks of unlicensed Chinese money brokers to conceal cross-border payments, according to Italian judicial and law enforcement authorities. The development highlights how an issue that U.S. authorities have been battling in connection to Latin American narcotics groups has taken root …
Italian drugs cartels conceal payments via Chinese shadow banks Read More »
By Michel Rose, Sophie Yu and Tim Hepher BEIJING/PARIS (Reuters) -Europe’s Airbus moved to double capacity in China and strengthen access to the world’s second-largest aviation market by agreeing on Thursday to build a second Chinese assembly line, as domestic travel returns to pre-pandemic levels. The world’s largest planemaker, which has overtaken Boeing as a …
Airbus to open new China assembly line, gets plane order nod Read More »
By Devjyot Ghoshal and Napat Wesshasartar BANGKOK (Reuters) – Thailand’s decriminalisation of cannabis has delighted its fans, alarmed some health experts and has increasingly disappointed farmers who have been undercut by illegal imports, sending a promise of a new bonanza crop up in smoke. Marijuana has also become an election football with the opposition criticising …
Thailand’s promised cannabis bonanza disappoints as politicians trade blame Read More »
By Joe Brock SINGAPORE (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing …
Exclusive-China plans $500 million subsea internet cable to rival U.S.-backed project Read More »
