22 Apr 2021
China warned Thursday “serious consequences” await Australia after it tore up a Belt and Road Initiative (BRI) agreement between the two countries, cautioning “serious harm” to relations remain possible along with unspecified economic coercion against a country that refuses to be bullied.
Canberra pulled the deal late Wednesday, as Breitbart News reported, in a move destined to provoke Beijing but justified by the conservative coalition government as necessary to prevent Australia hosting a giant infrastructure scheme “used for propaganda.”
China is Australia’s biggest trading partner, but Australian leaders have previously shown no hesitation in standing up to Chinese political and economic influence, evidenced by Australia’s decision to ban Huawei from any participation in a national 5G network.
Boy killed as rivals trade fire in Bannu
National
April 22, 2021
BANNU: A teenager was killed and four other persons, including two passers-by sustained injuries when two rival groups traded fire in Akhundkhel area in the limits of Miryan Police Station on Wednesday.
Eyewitnesses said that two rival parties came across during the funeral prayers Akhundkhel area, who resorted to firing at each other.
They said that a 13-year old boy Waliuallah was killed on the spot while four others, including two passers-by sustained injuries in the firing.
The injured included former nazim Aslam, Farooq Khan, Younas Khan and Zaidullah.
Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
How regulators have catalysed collaborations and technological innovations 5 hours ago
1 Co-founder and head of client delivery of RegTech Associates, Dr Sian Lewin has urged the financial community to stop thinking of regulators simply as “powerful organisations, here to control our behaviour, and stop us from doing certain things in the name of public interest.”
While regulators have a powerful influence in most economies – serving to manage the risks the financial system is exposed to – this is only part of their remit, declared Lewin in a MoneyFest presentation yesterday. In the last year alone, regulators have helped catalyse many collaborations and technological innovations within the financial services sector, for the benefit of many stakeholders.
Revolut is laying the groundwork for expansion into India, appointing a new CEO and sparking a recruitment drive to hire 300 staff to serve its global business operations.
SOURCE / ECONOMY
By GT staff reporters Published: Apr 22, 2021 08:43 PM
A man rides a bicycle on an empty bridge during a weekend lockdown imposed by the government as a preventive measure against the COVID-19 epidemic in Allahabad, India, on Sunday. India recorded a new high of more than 261,000 daily coronavirus cases in the past 24 hours, the country s health ministry said Sunday. Photo: AFP
A recent surge of COVID-19 cases in India, which media reports said could possibly get out of control, will be another major hit to the nation s economy and could also discourage foreign investment, experts said on Thursday.
India marked a new milestone in the raging epidemic on Thursday, reporting 314,835 new daily cases, the highest one-day tally, according to a Reuters report on Thursday.