Thursday, October 18, 2018

Tag: India

Ethiopia has a lot riding on its new, Chinese-built railroad to the sea

ADDIS ABABA, Ethi­o­pia — The sleek, white train glides through the hilly Ethiopian countryside, the first to travel this route in nearly a decade. The contrast is stark as the new, Chinese-made electric train passes horse-drawn carriages, oxen hauling plows and crowds of curious village children. But soon it crosses...

It’s Not Just the Oil. The Middle East War and the Conquest of Natural...

Are the Wars in the Middle East and North Africa Really About Oil? The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority before 9/11. The...

The End of the G-20: Has the Group Outlived Its Purpose?

Over Labor Day weekend, the leaders of the G-20 countries gathered in Hangzhou, China, for their annual summit. Their goal this year: save the good name of globalization, which has recently taken a beating. In the wake of Brexit, the U.S. Republican presidential candidacy of Donald Trump, the rise...

Tens of millions of Indian workers strike in fight for higher wages

State banks and power stations shut and public transport halted in some states as public sector workers take industrial action. A nationwide strike by tens of millions of Indian public sector workers has been hailed by union officials as “the world’s largest ever” industrial action, and cost the economy up...

The Case for Offshore Balancing – A Superior U.S. Grand Strategy

For the first time in recent memory, large numbers of Americans are openly questioning their country’s grand strategy. An April 2016 Pew poll found that 57 percent of Americans agree that the United States should “deal with its own problems and let others deal with theirs the best they...

US energy envoy: North Stream 2 could resurrect cold war divisions

The controversial North Stream 2 gas pipeline project has the potential to resurrect cold war divisions in Europe, US Energy Envoy Amos Hochstein said, before calling for greater competition with Russia’s Gazprom through increased LNG imports. Amos Hochstein is US Special Envoy for International Energy Affairs. He spoke to EurActiv...

DoD Admits US Global Hegemony Threatened By China, Russia in Persistently Disordered World

By 2035, the US could find itself in an environment where Russia or China may match or even exceed the West's military and economic might in some areas, taking advantage of a “disordered and contested world,” the Pentagon’s research unit said... Conflict and war in 2035 cannot be understood by...

India, U.S. Discover Major Natural Gas Reserve in Indian Ocean

A joint expedition by India and the U.S. discovered a major deposit of natural gas in the Indian Ocean, offering the potential to significantly expand energy production in a region that’s currently a big importer. India's Ministry of Petroleum and Natural Gas and the U.S. Geological Survey struck a large,...

Selling spree: Price spike dulls gold’s luster for Indian buyers

While high-end jewelry shops in Mumbai's Zaveri bazaar are scratching for customers after a jump in local gold prices, Jitendra Jain, a scrap gold buyer in India's biggest bullion market, is doing brisk business. "Since prices have risen, I decided to sell old jewelry that I stopped using long back,"...

Why Gold Is Now In A New Bull Market

Investors’ interest in gold peaked in September 2011, when it was generally agreed upon that the endless rounds of quantitative easing policies by the world’s central banks will result in rising inflationary pressures, while concerns over a potential Euro Zone break-up ran rampant, as government finances in countries such...

The Collapse of the Liberal World Order

The world is entering a period where once-robust democracies have grown fragile. Now is the time to figure out where we went wrong. Once upon a time — that is, back in the 1990s — a lot of smart and serious people believed liberal political orders were the wave of...

Xi, Putin meet on promoting SCO’s regional role

TASHKENT, June 23 (Xinhua) -- Chinese President Xi Jinping and his Russian counterpart Vladimir Putin met here Thursday on enhancing bilateral ties and promoting the Shanghai Cooperation Organization (SCO)'s role in regional development and security. The two heads of state met briefly late Thursday ahead of the 16th SCO summit...
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Gold supply to drop by 7 pct by 2021 – Newmont CEO

Due to the past price performance of gold, supply is constrained says Gary Goldberg, president and CEO of Newmont Mining. "We see the medium- to long-term as being very good," said Goldberg in an interview with MINING.com earlier this month talking about gold prices and buying trends in India and...

India Sees a New Regional Role for Its Navy

New Delhi still has a ways to go before it can live up to its regional aspirations. India has been busy in the eastern Indian Ocean of late. In early February, the country finished its second International Fleet Review, which brought together 52 countries and more than 100 warships for ceremonial inspections, underscoring the...

BRICS Bank inks strategic cooperation deal with China Construction Bank

The New Development Bank (NDB) launched by the BRICS countries on Wednesday signed a strategic cooperation agreement with China Construction Bank, the country’s second-largest lender. “The NDB, as per its mandate, is building partnerships with major banks in its member countries. Cooperation with CCB is important for us, given the key role it...

India’s $500 Million Bet on Iran

New Delhi hopes a giant new Iranian port will help meet its energy needs — and outflank Pakistan. India's plan to spend $500 million on a new port complex on Iran's Indian Ocean coast caps a decade-long quest to find a way to get sorely needed supplies of energy. But...

Net immigration to UK nears peak as fewer Britons emigrate

UK role as ‘jobs factory of Europe’ draws long-term working migrants with net migration reaching 330,000 in 2015. Annual net immigration to Britain rose to 333,000 in 2015, just 3,000 below its record peak, confirming the UK as a country of mass immigration, figures from the Office for National Statistics...

The end of Pipeline Politics?

Pipelines are the most favoured, common way of gas transportation across the world. Physical limitations to alternative ways of trading, geographical proximity, and political and economic reasons account for this. In particular, gas can most efficiently be transported if compressed and injected into pipes, rather than converted into other states,...

India Acts East

Washington’s pivot to Asia gets all the attention, but India's pivot east will redefine regional politics. Washington’s Asia rebalance, first articulated by President Barack Obama in a 2011 speech to Australia’s parliament, has received ample attention. India’s envisioned pivot to Asia has garnered far less. Nonetheless, India’s planned pivot is freighted with significance for the country’s economic prospects,...

Five Signs of China’s Growing Influence in the World Gold Market

As we’ve been reporting for months, China is quietly becoming a dominant player in the world gold market, as the yellow metal shifts from the West to the East. Now the mainstream media is starting to take notice. Not only is China the top consumer of gold in the world,...

Eurasia Silk Road Economic Transformation

Over recent months I have often written about the potential of China’s strategic One Belt, One Road Eurasian and Asian infrastructure Great Project to act as a global economic transformer toward positive, sustained economic growth. It’s becoming clear by the day that strategic economic planners in Beijing have been...

The Collapse of the Western Fiat Monetary System may have Begun. China, Russia and...

On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed...

Forecasting the Aftermath of a Ruling on China’s Nine-Dash Line

A tribunal is likely to rule on China's hazy claims to South China Sea sovereignty. How Beijing and others react isn't set in stone. The arbitration tribunal of five impartial experts that has been considering the Philippines suit against China under the U.N. Convention on the Law of the Sea...

China’s Giant Steel Industry Just Churned Out Record Supply

The world’s biggest steel producer pushed output to a record in March as mills in China fired up plants to take advantage of a price surge since the start of the year that’s rescued profit margins. Output rose 2.9 percent to 70.65 million metric tons from a year earlier, the...

King Coal Is Losing His Throne

Peabody Energy joins a growing list of coal miners who are going broke thanks to a perfect storm of cheap natural gas, the slowdown in China, and tougher environmental rules. Peabody Energy, the world’s biggest privately owned coal mining company, filed for bankruptcy protection in the United States on Wednesday....

The Untouchables: Why it’s getting harder to stop multinational corporations

Chachengwa had been growing maize and cotton here her whole life. Every year, she took out loans for seeds and fertilizer, and then paid them back with her harvest. Since she lost her husband, she had relied on her two daughters and eight grandchildren to help tend her 75-acre plot.

China develops continent-spanning railroad to Europe

China is pioneering a trans-continental rail service carrying cargo between the Far East and Western Europe with the aim of capturing some of the freight which currently moves by sea and air. China has the financial resources and the economic incentive to build a major transcontinental railroad service within the...

Top Chinese carmakers plot major push into India

China's top carmaker SAIC Motor Corp and Great Wall Motor, its biggest maker of SUVs, are spearheading the country's first major push into India, one of the world's fastest growing auto markets, as growth at home stagnates. The entry is late and risky - global carmakers like Volkswagen AG, Ford...

Saudi Arabia’s Deputy Crown Prince Outlines Plans: Transcript

Bloomberg’s Editor-in-Chief John Micklethwait and five other Bloomberg journalists spent five hours talking to Saudi Deputy Crown Prince Mohammed bin Salman in his palace compound in Riyadh. In the wide-ranging interview, Prince Mohammed discussed selling shares of Saudi Aramco, the National Transformation Program, energy markets and U.S.-Saudi relations. Below is...

India seeks $500 million loan from AIIB for solar power projects

India has set an ambitious target of having 100 GW solar power generation capacity by 2022 under the National Solar Mission. India has sought $500 million from the newly created, China-led Asian Infrastructure Investment Bank (AIIB) for solar power projects. "We have applied for $500 million funding from AIIB. Besides, $1...

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