How Europe’s energy crisis could spill over to Asia.
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Category: Video – Business
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Russia shuts Nord Stream 1 gas pipeline to Europe
Russia’s Gazprom halted gas supplies via the Nord Stream 1 pipeline citing repair work. How will this shutdown affect Europe’s mission to save supplies gas for the winter? Is Putin winning the energy war? Palki Sharma tells you
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China & Pakistan want Afghanistan to join CPEC
Is Afghanistan joining the CPEC? China & Pakistan want to extend the CPEC into Afghanistan to enhance 'regional connectivity'. The plan is to build a motorway linking Kabul to Peshawar. Palki Sharma decodes the security concerns this poses for India.
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Another Sri Lanka In The Making? Pakistan On Brink Of Economic Ruin
With the economic crisis deepening, all eyes are on Prime Minister Shehbaz Sharif to ease sufferings of his people. Can he get the country of the woods? Or is Pakistan another Sri Lanka in the making?
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Why Indian states are going bankrupt like Sri Lanka?
On the 11th of June 2022, the reserve bank of India released an important document about the economy of the States of India. Some of our Indian states have been managing their finances so bad that these states could be heading towards the same state as Sri Lanka's economy!! And we all know what's happening in Sri Lanka right now! and The worst part is that if this continues for a long time, the entire country of India will lose money and could face another economic crisis!
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China-funded international airport in Pakistan expected to be ready in September 2023
A China-funded airport in southwestern Pakistan is scheduled to be completed by mid-September 2023, four years after work began on the US$230 million project. The New Gwadar International Airport project is in Pakistan’s Gurandani area, some 26km (16 miles) northeast of the port city of Gwadar in Balochistan province. It has been primarily funded by the Chinese government as part of the China-Pakistan Economic Corridor (CPEC), a US$56bn development project which is a cornerstone of Beijing’s Belt and Road Initiative to link economies into a China-centred trading network. More than 200 Chinese workers and about 1,000 Pakistanis have been building the airport in shifts operating day and night.
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China prepares to give US$140 million parliament building to Zimbabwe
China is preparing to give Zimbabwe a new US$140 million building that will be home to the African nation’s parliament. The gift is the latest in a series of grand projects across Africa that are designed to deepen Beijing’s influence on the continent where China is already the largest trading partner and lender. The 650-seat building will replace the current colonial-era structure which has only 100 seats for Zimbabwe’s 350 legislators.
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‘Fuel-less’ Sri Lanka pleads India for help; Bans petrol, diesel sale for 2 weeks
Sri Lanka sends SOS message to India for urgent fuel supplies as the country has suspends retail sale for 2 weeks. Sri Lanka’s high commissioner Milinda Moragoda met Union Petroleum Minister Hardeep Singh Puri in Delhi to appeal for emergency supplies of petrol & diesel.
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Chinese navy practises aerial combat as it prepares its newest aircraft carrier for operations
The People’s Liberation Army (PLA) released footage of its shipborne unit practising aerial combat manoeuvres. The training exercises come as the PLA Navy begins tests on its latest and most advanced aircraft carrier, the Fujian.
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Long queues form at petrol stations in Sri Lanka as fuel prices hit record high
Fuel prices in Sri Lanka surged to record levels on May 24, 2022, putting additional economic pressure on a nation already reeling from the its worst crisis in over 70 years. Residents have been queuing at petrol stations for hours, some for days, to fill their vehicles. The country’s inflation rate has also reached a...
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