A delegation of developers from Noida, Greater Noida and Yamuna Expressway areas met the chief minister and assured him that they will employ the migrants, who have returned to their respective home towns from other states since March 25. Apart from NAREDCO, other industrial bodies and organizations also signed MoUs with the state government to provide at least 7.5 lakh jobs to these migrants. … [Read more...] about UP government signs MoU with realtors to employ migrants who returned to their home towns
China malaysia sign mou on bilateral currency swap agreement
Lao Deputy Prime Minister and Finance Minister Somdy Douangdy (5th R, front) inspects the main construction sites of the China-Laos Railway and poses for a group photo with Chinese engineers in Lao capital Vientiane, May 28, 2020. Lao Deputy Prime Minister and Finance Minister Somdy Douangdy said the China-Laos railway has become a carrier and symbol of the friendship between Laos and China. Somdy made the remark while inspecting the main construction sites of the China-Laos Railway in Lao capital Vientiane, where he visited the China-Laos Railway Exhibition Hall, and held a symposium to hear the railway construction report. (Laos-China Railway Co., Ltd./Handout via Xinhua) … [Read more...] about China-Laos railway inherits bilateral friendship: Lao deputy PM
“Because they have failed to make the requested and greatly needed reforms, we will be today terminating our relationship with the World Health Organization and will be redirecting those funds to other worldwide and deserving urgent public health needs,” Trump said during a news briefing announcing that the US will also end special status for Hong Kong and treat it on par with Mainland China. The move comes amid growing tensions between the US and China over the coronavirus pandemic. … [Read more...] about End of ties: After WHO announcement, a look at international agreements that US has quit under Trump’s presidency
HONG KONG: Bankers and investors fear China's push to impose national security laws on Hong Kong threaten the city's future as an international financial centre. If it gets to that stage, Beijing's move will come at a cost for China's economy. WHY DOES CHINA NEED HONG KONG AS IT IS? China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing. The size of Hong Kong's economy may only be the equivalent of 2.7% of mainland China's, down from 18.4% in 1997 when it reverted to Chinese rule, but the territory punches above its weight due to world-class financial and legal systems. As a gateway between China and the West, Hong Kong attracts global capital for China more efficiently than its other cities. HOW IS THAT CHANGING? Under the 'one country, two systems' formula agreed as part of Britain's handover of the territory … [Read more...] about How important is Hong Kong to China as a free finance hub?
In recent weeks, Borrell has been forced twice to deny that the External Action Service — the EU’s equivalent of a foreign office —has bowed to Chinese pressure to water down a report on fake news linked to the coronavirus and a newspaper op-ed referencing the disease’s origins in Wuhan. … [Read more...] about EU weighs China policy amid concern over Hong Kong moves