Tag Archives: Nation’s

Schools must open to all pupils on February 22 to prevent ‘huge amount of harm’ to the nation’s children


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India starts supplying COVID-19 shots to neighboring nations


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5 nations want Iran to deliver justice on downed plane


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China condemns one of the nation’s top bankers to death after he was found guilty of accepting $277 million in bribes


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The Brexit deal will boost all four nations of ‘our precious Union’, says Dominic Raab


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Israel, Arab nations want a say in Biden’s Iran negotiations. Here’s why his advisers are skeptical.


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How a Man Linked to Prigozhin, ‘Putin’s Chef,’ Infiltrated the United Nations


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U.S. Secretary of State cautions nations against taking 'easy money' from China

U.S. Secretary of State cautions nations against taking 'easy money' from ChinaU.S. Secretary of State Mike Pompeo, on a visit to Jamaica on Wednesday, cautioned nations against taking “easy money” from China, warning it could be counterproductive, in a second attack in as many days against China’s economic role in the region. On Tuesday, he drew the ire of Chinese officials when he said “flashy” Chinese economic promises often produces debt dependency and erode the sovereignty of borrower nations.



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China Tries to Ease Concern U.S. Trade Deal Hurts Other Nations

China Tries to Ease Concern U.S. Trade Deal Hurts Other Nations(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese Vice Premier Han Zheng told the World Economic Forum that the country’s trade deal with the U.S. won’t hurt rival exporting nations as complaints mount from governments that were left out of the agreement.In the most high-profile remarks on the country’s economic policy since the accord was signed last week, Han said that its commitment to buy more from the U.S. is in line with its World Trade Organization obligations and won’t squeeze out other imports. Han also pledged to lower barriers for foreign investors as he set out the case for China’s engagement with the global economy.“China will open its door wider,” Han told an audience in Davos, Switzerland. “Though facing some protectionism from some countries, the determination to open up will not waver.”The speech comes less than a week after Chinese President Xi Jinping sealed a “phase one” deal intended to de-escalate a trade war with U.S. President Donald Trump. The accord saw China commit to crack down on the theft of American technology and corporate secrets by its companies and state entities, while outlining a $ 200 billion spending spree to try to close its trade imbalance with the U.S.“The phase-one trade deal is good for U.S., China and the world,” Han said. “China’s increasing purchases of U.S. goods are in accordance with WTO guidelines and will not impact its imports from other countries.”Han made the comments just as Trump gave his own speech in Davos, in which the U.S. president claimed credit for overseeing an economy enjoying its longest expansion yet, with an unemployment rate that fell to a five-decade low after tax cuts, deregulation and improved trade deals. He also spoke of his close relationship with Xi.“He’s for China and I’m for the U.S., but other than that, we love each other,” he said.Under the agreement, China will boost purchases of U.S. manufactured goods, agricultural products, energy and services over the next two years. Critics say such pre-determined demand can have adverse consequences elsewhere.‘Managed Trade’”The real problem with managed trade is that it may divert, rather than expand, international commerce,” Chad Bown, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington, said in a report released Tuesday. “For example, China could purchase more American soybeans by cutting back on imports of oilseeds from Brazil.”Germany’s Kiel Institute for the World Economy said China’s pledge to boost American imports could end up costing the European Union about $ 11 billion next year. “If trade costs and hence relative prices do not change, Chinese imports from the U.S. must come at the expense of third countries,” the institute said in a study published this week.Last week, EU trade commissioner Phil Hogan said his team will scrutinize whether China’s pledge is allowed under the WTO.“We haven’t analyzed the document in detail, but we will and if there’s a WTO-compliance issue of course we will take the case,” Hogan told a conference on Thursday in Washington.Separately, Australia is pushing China for the same dairy concessions that the U.S. received, according to the Sydney Morning Herald. As part of phase one of the deal, the U.S. secured regulatory breaks on dairy products shipped to China, barriers that have hampered Australian exporters, the newspaper reported last week.To contact the reporters on this story: Dandan Li in Beijing at dli395@bloomberg.net;Crystal Chui in Zurich at tchui4@bloomberg.net;Bryce Baschuk in Geneva at bbaschuk2@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Ben Sills, Brendan MurrayFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.



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Nations of Iran crash victims seek compensation for families

Nations of Iran crash victims seek compensation for familiesThe governments of five countries that lost citizens when Iran shot down a Ukrainian airliner demanded Thursday that Tehran accept “full responsibility” and pay compensation to the victims’ families — though they had little to offer besides moral pressure to get Iran to comply. After a meeting in London, foreign ministers from Canada, the U.K., Afghanistan, Sweden and Ukraine urged Iran to allow a “thorough, independent and transparent international investigation,” as well as a criminal probe and “impartial” judicial proceedings against those found responsible for downing the plane. All 176 people aboard the Ukraine International Airlines aircraft died when it was brought down by ballistic missiles shortly after taking off from Tehran’s Imam Khomeini International Airport on Jan. 8.



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