By Claire Huang SINGAPORE – Consumer prices in Singapore rose at a slower pace for a fourth straight month in August, but economists believe the trend could falter if oil prices stay elevated and disruptive weather patterns lead to higher food prices. The analysts also expect policymakers to stay vigilant, but do not see a […]
Read MoreTashkent: The TIR system now connects Uzbekistan to China’s coastal city of Qingdao, offering a new fast, cost-effective and secure trade route. Uzbek TIR trucks carrying blackcurrants departed from Samarkand and transited Kazakhstan before entering China through Khorgos and transversing across the country to Qingdao. It also marks the first time that an Uzbek truck […]
Read MoreKabul, Islamabad: The Torkham border crossing between Afghanistan and Pakistan reopened to pedestrians and vehicles early Friday, a senior official told AFP, more than a week after it was closed following a gun battle between frontier guards. “The clearance of trucks is in process and Afghan citizens are entering Afghanistan after clearance and passing immigration […]
Read MoreBy Edna Mohamed Climate-induced catastrophes have devastating global effects, from intense heatwaves to heavy rainfall. In 2023, record-breaking heatwaves hit much of continental Europe and resulted in wildfires and flash floods that took lives. In China, typhoons have forced school closures and evacuations. Meanwhile, in South Asia, rising temperatures and longer monsoon seasons are increasing […]
Read MoreAsian markets mostly fell Monday as investors turn their attention to a key US inflation report later in the week, hoping for a reading that will ease concerns about the Federal Reserve’s interest rate plans. While Wall Street and European shares enjoyed a bright end to last week, Asia continued its weak run, with China’s […]
Read MoreIslamabad: Pakistan on Monday said the Taliban administration had tried to encroach on its territory with the construction of an ‘unlawful structure’ and accused Afghan forces of “indiscriminate firing” in an incident that led to the closure of the main border transit point last week. The Torkham border crossing between the neighbouring nations has been closed […]
Read MoreNew Delhi: Prime Minister Giorgia Meloni outlined Italy’s plan to pull out of the Belt and Road Initiative (BRI) during a meeting with Chinese Premier Li Qiang at the G20 summit, Italian media reported on Sunday. Italy, seeking to minimise any backlash from the decision from Beijing, would as a replacement aim to revitalise a strategic […]
Read MoreIslamabad: The main border crossing between Afghanistan and Pakistan was closed on Wednesday as security forces from both countries exchanged fire, Pakistani security sources said. Local residents reported the sound of gunfire by the Torkham crossing and said people around the busy border area near the Khyber Pass had fled once the firing sarted. Security officials […]
Read MoreIndia’s central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee (INR) to reduce US-dollar-based transactions, five sources told Reuters. The move is part of the Reserve Bank of India’s broader aim of promoting settlement in local currencies […]
Read MoreA delegation of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) headed by President Faruque Hassan met Iraqi Trade Minister Atheer Daoud Salman Al-Ghariri at the latter’s office yesterday. Ambassador of Bangladesh to Iraq Fazlul Bari was also present at the meeting. During the meeting, they had discussions about possible ways of boosting bilateral trade and […]
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