Trump slaps tariffs on $200 bln in Chinese goods, spares some consumer tech
Published: The Hindu
18 Sep 2018
U.S. President Donald Trump escalated his trade war with China on Monday, imposing 10 % tariffs on about $200 billion worth of Chinese imports, but sparing smart watches from Apple and Fitbit and other consumer products such as bicycle helmets and baby car seats.
Mr. Trump, in a statement announcing the new round of tariffs, warned that if China takes retaliatory action against U.S. farmers or industries, “we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports.” Click here to read....
Russia: Missile that shot down flight MH17 was Ukrainian
Published: The Tribune
17 Sep 2018
The Russian military said on Monday that the missile that shot down Malaysia Airlines Flight 17, killing all 298 people on board, came from the arsenals of the Ukrainian army, not from Russia. Lt Gen Nikolai Parshin, chief of the Missile and Artillery Directorate at the Russian Defense Ministry, told reporters on Monday that the military had studied and declassified archives at the research center outside Moscow that produced the Buk missiles after the Dutch investigators displayed parts of the missile and their serial numbers. Click here to read....
Pakistan eyes $8b investment from China, Saudi Arabia
Published: The Express Tribune
18 Sep 2018
Pakistan eyes nearly $8 billion investment from China and Saudi Arabia, under the China-Pakistan Economic Corridor (CPEC), in road, energy and oil sectors, after the new government decided to pick schemes on their ‘merits’.
Decisions are being taken after the Pakistan Tehreek-e-Insaf (PTI) government completed its internal review of the multibillion dollar strategic initiative and came to a decision to open the corridor for investment by other countries that are either members of the Belt and Road Initiative (BRI) or on friendly terms with China and Pakistan. Click here to read....
Sri Lanka to build £11bn metropolis to double size of its capital, Colombo
Published: The Independent
17 Sep 2018
Developers plan to dredge sand from bottom of sea to create more land for development, which could be governed by its own legal system. According to the site's developer, China Harbour Engineering Company, the project is still on track to complete its reclamation efforts and the first phase of infrastructure by 2020. Port City is set to be finished in 2041, at which point its costs could reach $15bn (£11.5bn). Click here to read....
Bangladesh Cabinet clears deal with India for port usage
Published: The Economic Times
17 Sep 2018
Bangladesh's Cabinet on Monday approved the draft of a proposed agreement with India to allow it to use the Chittagong and Mongla sea ports for transporting goods to and from its land-locked northeastern states. The decision is another step in improving the friendly relations between Bangladesh and India, Cabinet Secretary Shafiul Alam said. Click here to read....
Smart fencing project along India-Bangladesh border hits rough weather
Published: The Economic Times
17 Sep 2018
In the backdrop of the launch of two pilot projects of ‘smart fencing’ along India’s International Border with Pakistan on Monday, a similar setup that was planned border along the Brahmaputra river in Dhubri later this month has hit rough weather.
The Border Security Force (BSF), which is implementing this project in Assam, says that it is facing a few challenges such as setting up technological equipment on the riverbed with the river changing course regularly, finding sensors that can work in water and shortage of power and data connectivity. However, it adds that things are on track as a part of the project is already operational and the entire project is likely to be launched in December. Click here to read....
