U.S. Secretary of State Mike Pompeo on Wednesday blasted China’s policy on lending to African countries, reiterating Washington’s charges that it creates unsustainable debt burdens. China’s President …
China’s debt relief to support some stressed emerging markets: Fitch
China’s pledge to relieve the debt burden owed to it by some emerging market governments could ease near-term liquidity pressures in nations struggling with the fallout from the coronavirus pandemic, …
U.S. Should Sanction Chinese Banks For Repression In China
China needs access to the dollar’s international plumbing system to finance its Belt and Road initiative. More than 70% of its international trade and a substantial portion of China’s incoming …
Indian startups face a new normal amid China conflict
TOKYO — The dramatic rise in anti-China sentiment among the Indian public and leaders triggered by a border clash between two countries looks set to rewrite the financial playbook for Indian …
NGOs urge EIB not to finance motorways and airports
A group of 34 NGOs say the new strategy from the European Investment Bank (EIB), which details steps to for its Climate Roadmap, falls short of aligning operations with a 1.5 degree global-warming …
EU to deliver ‘strong rules’ for cryptocurrencies
EU commissioner for the economy Valdis Dombrovskis said on Tuesday “strong regulation and supervision are key to preserving trust in finance, whether for traditional or new players,” while addressing …
Commercial Bank Dubai and Thunes partner to offer real-time international remittances
Commercial Bank of Dubai, one of the leading national banks in the UAE, and global cross-border payment provider Thunes announced a partnership that will facilitate real-time cross-border transaction …
Companies that engage in relevant activity must submit a notification of Economic Substance Regulations to UAE Regulatory Authority
UAE’s commitment to international standards for tax transparency, fair taxes and full compliance with tax policies …
Jordan’s domestic revenues fell by $802.5mln in first-third of 2020
The total budget deficit after grants increased by about JD695 million through the end of April 2020, compared with JD304 million for the same period in 2019, the Jordan News Agency, Petra, reported, …
Cambodia to provide cash to poor hit by COVID-19 outbreak
PHNOM PENH, Cambodia (AP) – Cambodia has established a program to give cash handouts to the country’s poorest households to alleviate the financial burden caused by the coronavirus. Prime Minister Hun …