New York: Global credit conditions are likely to improve overall in 2021, aided by unprecedented fiscal and monetary policy support in the wake of the Covid-19 crisis, Moody's Investors Service said. However, the initial, rapid economic rebound is giving way to a patchier, more tenuous recovery, as the pandemic proves hard to contain. In a new...
Yangon: Aung San Suu Kyi, Chairperson of Myanmar's ruling National League for Democracy (NLD), has won a seat in the House of Representatives (Lower House) for the next parliament in the recently-held general elections, the Union Election Commission (UEC) said on Tuesday. Suu Kyi, the current State Counsellor of Myanmar, competed in Yangon's Kawmhu constituency...
Kabul: The Taliban has assured the new US administration, which will come to power in January 2021, of remaining committed to the implementation of the Doha peace agreement, saying it was an "excellent document" to end the decades-long war in Afghanistan. In the statement, the group said the implementation of the US-Taliban agreement "is the...
New Delhi/Islamabad: Prime Minister Narendra Modi took a swipe at Pakistan at the virtual summit of the Shanghai Cooperation Organization (SCO), saying it is unfortunate that repeated attempts were being made to violate the grouping’s charter by raising bilateral issues. Modi also said connectivity initiatives should be built around respect for sovereignty and territorial integrity...
New Delhi: The Supreme Court on Wednesday asked Skoda Volkswagen (VW) India Pvt Ltd why shouldn't the trial against it go on following an FIR registered in Uttar Pradesh over alleged 'cheat devices' installed in its cars to report lesser emissions. Senior advocate Abhishek Manu Singhvi, representing the German car-maker, submitted that in March 2019,...
New Delhi: The Shanghai Stock Exchange (SSE) has announced the postponement of Ant Group's listing, the biggest IPO ever in the world at $37 billion. The CGTN reported the fintech giant announcing later the suspension of its listing in Hong Kong. Ant Group reported that after joint talks with regulators, some major changes, including changes of...
Washington: Gita Gopinath, chief economist of the International Monetary Fund (IMF), has urged policymakers to provide more fiscal stimulus to boost the recovery from the Covid-19 pandemic as the global economy is in a liquidity trap. "For the first time, in 60 per cent of the global economy -- including 97 per cent of advanced...
Mumbai: The uncertainty regarding the US election outcome impacted the Indian rupee which plunged to a two month low mark during Wednesday's trade session. The rupee hit an intra-day low of 74.88 as there were indications that the US presidential results might be contested in courts. "Markets would not like a delayed result, which can lead...
New Delhi: The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called "gatekeeper for e-commerce" to keep the reins of a growing retail market in the country in its hands. The legal battle...
