US-China Trade War: An Analysis by Expert on Impacts and Prospects By [Journalist’s Name] BOWDOIN COLLEGE – Christopher Heurlin, professor specializing in comparative politics with a focus on China, provided a comprehensive analysis of the trade war between the United States and China, its genesis, and potential future impacts. Historic Backdrop and Onset Reflecting on the origins of the trade war, Heurlin observed that the conflict was “a long time coming.” The early 2000s saw an influx of inexpensive Chinese goods into the US, benefiting consumers but simultaneously displacing similar domestically manufactured goods—a phenomenon retrospectively dubbed the “China Shock.” This…
Author: BRICS+ News Services
Addis Ababa, June 20, 2024 (Addis Walta) – Ethiopian Airlines (EA), a prominent aviation group in Africa, achieved significant recognition by winning two prestigious awards at the Airline Passenger Experience Association (APEX) Passenger Choice Awards. This is a testament to the airline’s commitment to providing exceptional services to its passengers. EA was honored with the 2024 “Best Entertainment Award in Africa” and “Best Wi-Fi Award in Africa,” showcasing the airline’s dedication to offering top-notch in-flight entertainment and connectivity options to its passengers. This accolade reflects EA’s continued effort to enhance the overall passenger experience and set new standards in the…
Egypt’s Non-Oil PMI Sees Slight Uptick in March In March, Egypt’s non-oil economic sector observed a marginal improvement, according to the latest data from the S&P Global Egypt Non-oil Purchasing Managers’ Index (PMI). The PMI edged up to 47.6 from February’s 47.1, marking a continuous period below the critical 50.0 threshold that delineates expansion from contraction. This subdued increase indicates a gentler decline in the operating conditions of the non-oil private sector compared to the previous month. The persistent downturn in activity was primarily attributed to frail order books, exacerbated by soaring inflation and a depreciating Egyptian pound that curtailed…
Asian Development Bank Approves USD 170 Million Loan to Strengthen India’s Health System New Delhi (TIP) – In a significant move to bolster India’s healthcare infrastructure, the Asian Development Bank (ADB) has sanctioned a USD 170 million policy-based loan to enhance the nation’s health system. This loan is a component of the Strengthened and Measurable Actions for Resilient and Transformative Health Systems (SMART Health) Subprogram 1, which aligns with the Indian government’s National Health Policy 2017. The National Health Policy 2017 aims to ensure the delivery of high-quality healthcare services to all citizens while preparing the country to face future…
BAKU, Azerbaijan, June 21. The recent convening of the CIS Economic Council in Moscow has emerged as a pivotal forum for comprehensive discussions on enhancing economic collaboration among CIS member states, as reported by Trend. Azerbaijan’s delegation was led by First Deputy Prime Minister Yagub Eyyubov, a member of the CIS Economic Council. The event served as a platform for high-level representatives to exchange insights and perspectives on pressing issues related to economic cooperation within the CIS region. The meeting was presided over by Alexei Overchuk, Deputy Prime Minister of the Russian Federation. Other notable attendees included Igor Petrishenko, Deputy…
Saudi Arabia’s Shift from US Dollar in Oil Trade May Undermine Dollar Dominance: Atlantic Council Report By [Your Name] Riyadh, Saudi Arabia – In a potential paradigm shift for global markets, Saudi Arabia is reportedly reconsidering its longstanding reliance on the US dollar for oil transactions, aiming instead to diversify its trade through alternative markets. The Atlantic Council highlighted in a recent report that such a move would mark the end of the "petrodollar" system, presenting a significant blow to the dollar’s supremacy in the oil market. The potential dismantling of the 1974 agreement, which required Saudi Arabia to exclusively…
Saudi Arabia Considers Transitioning From US Dollar in Oil Trade Saudi Arabia, Oct 2023 – Saudi Arabia is exploring alternatives to the US dollar for its oil trade, signaling a potential end to a longstanding "petrodollar" agreement and raising implications for the dollar’s dominance in global markets, according to a recent report by the Atlantic Council. In a blog post, the think tank analyzed the potential conclusion of a 1974 accord which required Saudi Arabia to exclusively use the dollar for oil sales. This "petrodollar" deal has, for the past five decades, solidified the US dollar’s role as the world’s…
Political Turmoil Over NEET Irregularities and Other National Developments 21 June 2024, 17:33 IST In a sharp rebuke to the central government over alleged administrative lapses in the National Eligibility-cum-Entrance Test (NEET), Congress leader Rahul Gandhi has vowed to address the issue personally in Parliament. Gandhi accused Prime Minister Narendra Modi of being a silent spectator amidst the ongoing crisis impacting thousands of students. The sentiment was conveyed in a video clip he shared, documenting his meeting earlier today with a group of NEET aspirants and their concerned parents. The examination controversy intensified following the recent announcement by the National…
Prime Minister Rishi Sunak Proposes Reintroduction of National Service, Potential Consequences for Non-Compliance Prime Minister Rishi Sunak has issued a stern warning that young people in Britain may face significant repercussions, including restrictions on accessing financial services and driving licenses, if they refuse to participate in a proposed mandatory national service scheme. This scheme, which the Conservative Party aims to reintroduce should they retain power in the upcoming general elections, was first announced by Sunak last month. Sunak’s proposal envisions British youths engaging in community service or joining the armed forces. He believes this measure will reignite the "national spirit"…
Crown Prince Mohammed bin Salman Restructures Saudi Economy Through Vision 2030 Initiatives Since his appointment on June 21, 2017, Crown Prince Mohammed bin Salman has been at the forefront of transformative fiscal policies aimed at reshaping Saudi Arabia’s economic landscape. Under his leadership, the Saudi Arabian economy has emerged as one of the fastest-growing in the G20, largely due to strategic initiatives and significant investments. As the chairman of the Council for Economic and Development Affairs, Crown Prince Mohammed bin Salman has overseen several landmark projects, including the public listing of Aramco, the world’s largest oil company, and the conception…