The property crisis in China, which has led to billions of dollars flowing out of the country, is not just Beijing’s own making but has also exposed the ‘reality’ of Beijing’s property boom, New York Times reported.
Following the continued droughts, residents in the northern Samangan province of Afghanistan complain that they will have to migrate if the water shortage crisis issue is not resolved, reported Pajhwok News Agency.
In a significant contribution to Afghanistan which is grappling with a serious humanitarian crisis, India has sent an unprecedented 47,500 metric tons of wheat since the Taliban takeover, Khaama Press reported.
The wreath-laying ceremony at the UN in New York was held to mark World Humanitarian Day, commemorated annually on 19 August. This marks the day in 2003 when a suicide bomber detonated a truck full of explosives outside the UN headquarters at the Canal Hotel in the Iraqi capital, Baghdad.
The term 'Lehman moment' refers to the catastrophic event in September 2008 in which Lehman Brothers, then the eighth-largest investment bank in the United States filed for bankruptcy, triggering a domino effect that sent shockwaves throughout the global financial system, resulting in the wo
Zhongrong Trust — another major Chinese investment firm — has missed payments to corporate investors, sparking a rare protest in Beijing, CNN reported.
Amid the furore around the sharing of Cauvery water, Janata Dal (Secular) leader HD Kumaraswamy on Friday asked the Congress-led government in Karnataka to clear its stand vis-a-vis the release of the river water to neighbouring Tamil Nadu at a time when farmers in the state were grapplin
The monetary policy committee of the Reserve Bank of India is expected to again hold the policy rate in the next meeting, as the central bank awaits a clearer picture on the inflation trajectory, said Crisil in a report.
However, the issue is considerably more widespread than just one business, and the timing is quite poor. According to the New York Times, Country Garden's default would be the most recent in a spate of failures in a housing market that has been struggling for years.
Expressing distress over the crisis, the report stated that the drought in the past three years in Afghanistan and the economic crisis over the past two years have increased the needs of the people of the country.