Pacific Rim leaders will gather virtually to discuss the strategies for helping the economies rebound from the resurgent COVID-19 pandemic. The Pacific Rim includes world leaders such as the U.S. President Joe Biden, China’s Xi Jinping, Japan’s Yoshihide Suga, and Vladimir Putin of Russia. On Friday, New Zealand Prime Minister Jacinda Ardern will chair the special leader’s meeting. The meeting includes a 21-member Asia-Pacific Economic Cooperation forum. White House stated that there was a telephonic conversation between Biden and Ardern ahead of the leader’s retreat to discuss U.S
The European Union is all set in becoming carbon neutral by unveiling its most ambitious plan towards climate change. By this decade the EU aims to tackle climate change by turning green goals into concrete action. The EU’s executive body sets out a sedulous study on how the bloc’s 27 member states can meet their collective goal and reduce greenhouse gas emission by 55%. This plan is yet to be approved. European Commission President Ursula Von Der Leyen said: “By acting now we can do things another way and choose a better, healthier, and more prosperous way for the future.” T
There is a steep fall seen in China's economic market as compared to the first three months of the current year. This growth has halved in this quarter. The recovery momentum was highly affected by the slow manufacturing, higher costs of the raw materials and new COVID-19 outbreaks. It was expected to rise by 8.1% in a Reuters poll of economists. After the COVID-19 crisis, the world's second-largest economy bounced strongly but experts suggest some loss to be momentum. Quarterly Gross domestic product (GDP) in the April-June period expanded to 7.9%, the Nation
The Biden administration vowed that they have “Australia’s back” to push back against China’s “unfair” trade practices. The Morrison government seeks international support on Australian wine to fight against Beijing’s tariffs. Australia is yet to receive the request to join the consultation on the more recently launched challenge against China's tariffs on Australian wine. European Union is also set to join the third party if the dispute between Australia and China moves to another level at the World Trade Organization. Australia has larger trade litigation specialists
An emergency summit in Jakarta was attended by the team member states of Association of South East Asian Nations (ASSEAN) including Myanmar addressed the ongoing crisis in Myanmar since February 2021 coup by its military. Since the coup, the junta has taken over the country’s governance, over 700 people had lost their lives, thousands of civilians have been arrested, & the country has been trying to disintegrate the civil conflict. Consensus reached by the participating countries in the emergency summit is for 5 key points. It is an important way forward for dealing with the fallout of
India's Most Influential Real Estate Brands & Leaders 2020-21 by Wealth Listing of Top 50 Real Estate Brands and Leaders by AsiaOne Magazine & URS International Media About AsiaOne AsiaOne is an international media house and the only Business & News magazine with a pan-Asia presence. We are the pioneers, and now experts, of research-based listing of Brands & Leaders in Asia, Africa and the GCC. We supplement our listing with National & International Business & Social Summits and Awards functions. As India has progressed to become the fastest growin
Turkey, a transcontinental country, and Greece, a Southeastern European nation has agreed to resume dialogue between them that aimed at resolving long intensified disputes following a week-long standoff over the fair sharing of natural resources in the Eastern Mediterranean region. In a statement released from the Greek Foreign Ministry said that officials from both countries would “shortly” gather in Istanbul for a 61st meeting. The two NATO allies locked horns over energy prospecting rights in an area between Turkey’s southern coast, several Greek islands, and the wardivided island of
The governments of India, Japan, and Sri Lanka, through a tripartite agreement, have decided to develop a container terminal at Port of Colombo. A Memorandum of Cooperation (MoC) was signed in Colombo by Sri Lankan Port Minister Salaga Ratnayake, Indian High Commissioner to Sri Lanka Taranjit Singh Sandhu, and Japanese delegate to develop East Container Terminal (ECT). According to media reports, the new container terminal is located at the recently developed south part of Post of Colombo and will enable the related countries to develop a facility for large container ships. After getting ap
Hong Kong’s stock market has overtaken Japan to become the World’s 3rd largest stock market. The city’s equity market has become the 3rd most valuable, and just closely behind the US and mainland China. The market value of the companies listed on Hong Kong bourses stood at $5.78 trillion, overtaking Japan’s stock market value that pegged at $5.76 trillion. Hong Kong’s stock market benchmark Hang Seng Index rose 17% since the beginning of the year, adding $937 billion of market value for stock trading with a major contribution from Tencent Holdings Ltd. that gained 22%. The bourse cl
India is now the 6th wealthiest country in the world with fortunes raised massively from the year 2016 to an astounding $8,230 Billion in 2017. It has been rated as the best performing market globally. New World Wealth is a global wealth intelligence and market company that specializes in ratings, surveys, country reports and wealth statistics. It uses the total wealth of a country as an indicator to assess the economic patterns and determine the wealthiest of nations, and refers to the fortunes owned by all individuals living in each state, city or constituency. It includes cash, property s