Saudi Arabia’s cash reserves are in free-fall and the country could have only five years of financial assets remaining due in large part to the fall in oil prices, according to a report by the International Monetary Fund (IMF). Read Here – The Independent
China will continue to grow at a sustainable rate, and will not experience a hard landing, Chinese President Xi Jinping said in London. “China will not close the door it has opened. We are working to build a new system of an open economy and we will make renewed effort to make an open world economy”. In […]
PRIME Minister Nawaz Sharif’s second visit to the White House to meet US President Barack Obama will occur in markedly different circumstances than the first one two years ago. Read Here – Dawn
The opening act in stand-up comedy or music concerts is arguably the hardest as it involves warming up a “cold” audience. To some degree, President Pranab Mukherjee faced this thankless task by becoming the first Indian president to visit Israel. Traditionally, presidential visits don’t attract much attention. But the six-day tour of Jordan, Palestine and […]
With China set to announce its third-quarter gross domestic product report on Monday, skepticism over its economic data is arising anew. Recall that Bill Gross has described China as “the mystery meat of emerging-market countries.” Premier Li Keqiang, before taking that post, said he didn’t rely on official statistics. He preferred things like rail freight and […]
It was nearly dormant for months, but recent weeks have seen the return of Germany’s Islamophobic, anti-refugee Pegida movement. More confident and aggressive than ever, officials worry the hatred could spread to the mainstream. Read Here – Der Spiegel
Certainly, the English didn’t arrive on Indian shores as long-lost parents, but as traders from a poorer nation. If they then became parent-like, authoritarian and wealthy, they also left their progeny destitute upon their departure on 1947: so the middle-aged offspring might have some reason for complaint. Read Here – The Guardian
A COUNTRY which was clocking a growth rate a shade above 5pc per annum for most of its history is now finding that this rate has dropped to below 4pc. It gives the impression that this is the new equilibrium rate that we may have to live with for some time. What explains this lacklustre […]
Iran’s parliament passed a bill on Tuesday supporting the government in implementing a nuclear deal with world powers, state news agency IRNA said, in a victory for the government over conservative opponents of the deal. Read Here – Reuters
looking beyond borders 