How Europe’s energy crisis could spill over to Asia.
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.
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!
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.
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.
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.
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.
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...