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China has just announced a grand stimulus for its economy. An analysis of the outcome of the Third Party Plenum held in July, where many of these measures take birth, shows that despite the optimistic planning, China is readjusting its ambitions for future stability.
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The new Sri Lankan government led by President Anura Kumar Dissanayake held its first meeting with the International Monetary Fund on October 3, to discuss further debt relief. Dissanayake, who overcame voter apprehension in the country’s presidential elections held two weeks ago, now has a historic opportunity to bring Sri Lanka out of the crisis and enable a compassionate and efficient transformation.
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Recent state elections in Brandenburg, Saxony and Thuringia in east Germany saw the far-right Alternative for Democracy (AfD) and the left-wing Bündnis Sahra Wagenknecht (BSW) make significant gains in vote share. With German federal elections just a year away, major parties like the ruling CDU and SPD which have seen voter support erode considerably, will now have to re-strategise to stay relevant in Germany’s transforming political landscape.
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Mumbai and Jakarta share a 200-year history of trade in spices and a once-shared love for Bombay’s silent films. Transnational networks of Indian spice and cloth merchants have marked both cities with their business, culture, and faith. A testimony to this history today is the city’s Indonesian consulate, established in 1951 – just four years after India’s independence.
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A decade after its launch, China’s Belt and Road Initiative has slowed down in South Asia, the result of poorly conceived projects, and irresponsible behavior from borrower and lender alike.
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The 9th China-Africa Summit, held in Beijing from September 4-6, reflected China’s long-held view that Africa is vital to the world’s future, and therefore to the conduct of Chinese foreign policy. As China expands its strategic footprint on the continent, there is much for India to learn. It must adopt a proactive approach and back its economic and diplomatic initiatives with sustained political will.
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Mumbai and Antwerp share a history from the 18th century. Traffic between the two ports expanded with Belgium among the top three European countries trading with Bombay. After the Second World War, both cities developed a chemical industrial complex adjoining their ports. Today their centuries-old connections have come full circle with an active collaboration between their port authorities.
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The economic agenda is the key issue in the Sri Lankan Presidential elections to be held on Sept 21. This island nation is seeking a return to prosperity through relief from onerous debt, reduced corruption, an effective bureaucracy, and constitutional and economic reforms. The five principal players in the race, however, have varied agendas that may not fulfil all of the people’s needs and desires.
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The U.S. presidential election campaign has produced two stunning developments: the attempted assassination of Trump and the withdrawal of Biden, under severe pressure from leaders of the Democratic Party. Putting optics aside, observers should focus on the ideological differences between the two candidates Kamala Harris and Donald Trump, which will be on display on Sept. 10 when they debate the issues.
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Pakistan’s latest economic data tries to paint a cheerful picture, but the economy is still in deep trouble. The main culprit is the ‘managed’ float of the Pakistani rupee, which covers for a multitude of other sins.