Newly-elected French President Emmanuel Macron tweeted 24 times within two hours as news, on June 1, came from across the Atlantic. US President Trump declared that he has broken away from the Paris Climate Agreement. That “breaking news” sent …
Tag: The Economic Times
China acknowledges a worsening slowdown; targets growth range instead of a number
Every March, China releases a closely watched growth target for the year, a number that looms large for the world’s economists, executives and policymakers. But a growing number of those experts are now calling for China to stop setting that goal, saying the target actually harms the economy and encourages officials to falsify data.
On Saturday, at the start of the National People’s Congress, the government announced a target for 2016 that acknowledges a worsening slowdown. It is a ra ..
he government’s reading on the growth rate last year was 6.9 percent. The new target range means that leaders expect China’s growth could dip this year, which would further depress the global economic outlook.
Following tradition, Prime Minister Li Keqiang declared the new target at the legislature’s opening session. The Chinese government also announced its intent to keep the annual growth rate at a minimum of 6.5 percent through 2020, according to a copy of the 13th Five-Year Plan re ..
China accuses US of “double standards” on South China Sea row
China has accused the US of “double standards” on the issue of militarisation of the South China Sea, days after it emerged that Beijing has deployed surface- to-air missiles on an island in the hotly disputed area.
“Instead of questioning China about “militarising” the region, the US should reflect on its own behaviour. Stopping patrols, drills and reconnaissance will be the right way for it to serve its own interests and others,” the official Xinhua news agency said in a hard-hitting ..
Governments do not give credit to army: Punjab Congress Chief Amarinder Singh
Punjab Congress Chief Captain Amarinder Singh has said governments do not give any “credit” to the army, which has been making sacrifices daily to protect the borders and battle insurgency.
He also questioned the handling of the terror attack at Pathankot air force base, saying that the army is capable enough to deal with such situations.
“An entire post of soldiers was lost in Siachen recently. Everyday there is a coffin coming back, whether it is an officer or a jawan from ..
Mukul Roy made Trinomool Congress’ all India vice-president
Trinomool Congress MP Mukul Roy, who had been stripped of all party posts last year, was today made the party’s all-India vice president by its supremo Mamata Banerjee ahead of the assembly election in the state.
Mukul Roy has been made all-India vice president of the party, TMC Secretary General Partha Chatterjee told PTI.
Roy said he has received a letter informing him about the appointment. “I will perform all my duties and responsibilities whatever my party supremo Mamat ..
China lands ‘test flight’ on artificial island in disputed South China Sea
China for the first time landed a plane on an artificial island it has built in a contested part of the strategic South China Sea, prompting Vietnam to accuse Beijing of “serious infringement” of its sovereignty.
Chinese foreign ministry spokeswoman Hua Chunying said China conducted a “test flight” to check whether the newly- built airfield facilities met the standards for civil aviation.
Internet governance: US considering India’s pitch to locate ‘root server’
India has made a bid to be a major player in global Internet governance — by making a pitch with the US to locate a ‘root server’ in India. There are only 13 such servers, of which 10 are in the US, two in Europe and one in Japan.
India’s APEC membership chances looking bright now: Ex-Australian PM Kevin Rudd
Kevin Rudd, former Australian PM, said that India’s membership to the 21-member Asia Pacific Economic Cooperation (APEC) – the only missing link in the Modi government’s Act East Policy – is looking bright in 2015-16, a
India seeks SoftBank push for Modi government’s solar goal
India has closed bids for a third of its target of tendering 15,000 megawatts (MW) of solar projects this fiscal year, a government official said, and is expecting interest from investors such as SoftBank to lift the industry.
CNN Tells Americans That The Stock Market Is Not Going To Crash
On Wednesday we witnessed the third largest single day point gain for the Dow Jones Industrial Average ever. That sounds like great news until you realize that the two largest were in October 2008 – right in the middle of the last financial crisis. This is a perfect example of what I wrote about yesterday. Every time the market crashes, there are huge up days, huge down days and giant waves of market momentum. Even though the Dow was up 619 points on Wednesday, overall we are still down more than 2,000 points from the peak of the market. During the weeks and months to come, we are going to see many more wild market swings, but the overall direction of the market will be down.
Sadly, the mainstream media is still peddling the lie that everything is going to be just fine. So millions upon and millions of Americans are just going to sit there while their investments get wiped out. In the six trading days leading up to Wednesday, Americans lost a staggering 2.1 trillion dollars as stocks plunged, and the truth is that this nightmare is only just beginning.
Early on Wednesday morning, CNN published an article entitled “Why U.S. stocks aren’t headed for a crash“. I had to laugh when I saw that headline. If CNN is going to make this kind of a claim, they better have something very solid to base it on. But instead, these are the five reasons we were given for why the stock market is not going to collapse…
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