Why has the U.S. raised trade war stakes?

The story so far: On July 6, 2018, the United States administration slapped a tariff of 25% on $50 billion worth of imports from China. China responded immediately with retaliatory tariffs on a similar scale. On May 10, 2019, U.S. President Donald Trump raised the tariff rate to 25% (from the existing level of 10%) […]


Tripartite negotiations for DPL from May 27

The World Bank’s upcoming talks with Kerala government and Department of Economic Affairs of the Union government on May 27 and 28 in New Delhi will be to secure its development policy loan (DPL) of $150 million for the Rebuild Kerala Initiative. At the two-day meeting at the WB office in the national capital, the […]


Austrian far-right leader resigns after video scandal

Austrian Vice-Chancellor Heinz-Christian Strache, a key figure of the European far-right, resigned on May 18 after explosive revelations from a hidden camera sting, just days before key EU elections. “I tendered my resignation as Vice-Chancellor of Austria to Chancellor Kurz, and he accepted this decision,” an emotional Mr. Strache said in a televised statement. Media […]


Australian federal election 2019: Citizens vote to elect PM in climate-dominated election

Australians today have voted to elect their next parliament and prime minister, in what has been widely referred to as the climate-change election, with the first exit poll showing a victory for the opposition Labor Party. After five weeks long election campaigning across the country, around 16 million Australians swarmed to the polling booths across […]


Former CIA official gets 20 years’ imprisonment for spying for China

A former official of the Central Intelligence Agency (CIA) was on Friday sentenced to 20 years of imprisonment for spying for China. The former official, Kevin Mallory, was convicted under the Espionage Act for selling classified US “defense information” to a Chinese intelligence agent for $25,000. “Former US Intelligence officer Mallory will spend the next […]