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China: Real estate crisis exposes reality of Beijing’s property boom
Updated : 2 years, 7 months ago IST
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.
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Afghanistan's Samangan province suffers from drinking, irrigation water sh
Updated : 2 years, 7 months ago IST
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.
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India supplied 47,500 metric tons of wheat to Afghanistan since Taliban ta
Updated : 2 years, 7 months ago IST
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.
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China faces 'Lehman Moment' fears as big investment firm misses payments
Updated : 2 years, 7 months ago IST
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
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Evergrande's bankruptcy signals beginning of China’s real estate crisis: E
Updated : 2 years, 7 months ago IST
The filing for bankruptcy by Evergrande, Chinese real estate giant signals the beginning of Beijing’s real estate crisis, CNN reported on Friday.
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China's investment firm misses payments amid concerns of financial crisis
Updated : 2 years, 7 months ago IST
Zhongrong Trust — another major Chinese investment firm — has missed payments to corporate investors, sparking a rare protest in Beijing, CNN reported.
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“Why is it necessary for us to satisfy dictates of Cauvery board?”: HDK qu
Updated : 2 years, 7 months ago IST
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
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RBI expected to hold policy rate again at next review meeting: Crisil
Updated : 2 years, 7 months ago IST
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.
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Real estate giant's financial crisis threatens Chinese economy
Updated : 2 years, 7 months ago IST
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.
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Over 15 million people suffer from food insecurity in Afghanistan: Report
Updated : 2 years, 7 months ago IST
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.
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Chinese real estate giant Evergrande files for bankruptcy
Updated : 2 years, 7 months ago IST
China’s Evergrande Group — once the country’s second-largest property developer — on Thursday submitted a bankruptcy petition in New York, CNN reported.
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Over 200 media outlets close down in Afghanistan since Taliban takeover: R
Updated : 2 years, 7 months ago IST
The Afghanistan Independent Journalists Association (AIJA) in its latest findings revealed that more than 200 cases of violence and arrests involving journalists were recorded in the country.
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