Opposition parties reject govt’s ‘false’ economic data
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May 24, 2021
KARACHI: The opposition on Sunday cast aspersions on the government’s economic data, calling the figures “false” as it accused the government of “misleading” the nation.
The remarks were made by former finance minister and Pakistan Muslim League-Nawaz (PML-N) leader Miftah Ismail and former prime minister Nawaz Sharif’s spokesman Mohammad Zubair at a press conference in Karachi.
Ismail claimed Prime Minister Imran Khan “runs the economy for the benefit of his friends”. He also criticised the government for pushing “20 million people into poverty”. “In just three years, Imran Khan took 50 per cent of the loans taken in 70 years,” Ismail added.
Senior Thai diplomat: RCEP to boost trade, development By Zhong Nan | chinadaily.com.cn | Updated: 2021-05-24 15:08 Arthayudh Srisamoot, Thailand s ambassador to China. [Photo by Zou Hong/chinadaily.com.cn]
The implementation of the Regional Comprehensive Economic Partnership will be an accelerator for more trade and investment opportunities in the Asia-Pacific region in the coming years, said a senior diplomat from Thailand.
At a forum organized by China Daily and the China Institute for Reform and Development which took place Sunday online as well as offline in Haikou, Hainan province, Arthayudh Srisamoot, Thailand s ambassador to China, said the pact will lay the foundation for more intraregional trade and GDP growth when it comes into force.
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Thousands Attend Rally In Rio In Support Of Bolsonaro
Thousands of motorcycle riding supporters of President Jair Bolsonaro surged through the streets of Rio de Janeiro on Sunday, in a massive and colorful display of loyalty to the embattled head-of-state, who is facing increasingly hostile hearings in congress over his handling of the pandemic, and economic policies that have heavily impacted the poor.
Thousands of motorcycle riding supporters of President Jair Bolsonaro surged through the streets of Rio de Janeiro on Sunday, in a massive and colorful display of loyalty to the embattled head-of-state, who is facing increasingly hostile hearings in congress over his handling of the pandemic, and economic policies that have heavily impacted the poor.
Financial Times.
Iron ore prices have risen 85 percent since last March, reaching highs not seen in almost a decade. Copper also hit a record high of $10,747 a tonne. Both industrial metals are important steelmaking ingredients.
Experts suggest that the soaring prices of commodities like iron and copper ores could usher in a supercycle or a prolonged period in which commodities sell above their long-term price trends. Miners would greatly benefit from such a trend.
Dave Whitcomb, head of research for Peak Trading Research in Geneva, said the ingredients are all there for a supercycle, from a macroeconomic environment to strong demand and supply concerns.