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Afkar-e-Taza ThinkFest: 'It's natural for China to seek to be great military power'


National
February 15, 2021
LAHORE: Distinguished professor John Mearsheimer, the world’s top expert on structural realism, said Sunday China will try to dominate Asia just as the United States dominates the West,
According to a press release, he was speaking at a session at the ThinkFest Online on ‘Why a Cold War between China and the United States is inevitable.’ Prof. Mearsheimer iterated that theory is central. ‘All policy makers use theory to make sense of the world,’ he said.
Professor Mearsheimer, who has written several bestselling books on realism, noted that it is only natural for China to seek to become a great military power after it has become an economic might. ‘That is what great powers do, it has little to do with the Chinese mind or ideology,’ he said. ....

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Auto sector seeks scrappage policy


Auto sector seeks scrappage policy
Industry players label policy imperative for growth of sector
KARACHI:
Following an official announcement in India about the new vehicle scrappage policy to tackle the issue of air pollution, Pakistan’s auto sector has also demanded an auto scrap policy.
Countries introduce the scrapping policy to decide the life of vehicles; how old vehicles should be to protect the environment and accelerate the auto market, said Pakistan Electric Vehicles Manufacturers Association (PEVMA) Chairman Sabir Shaikh while talking to
The Express Tribune.
The Indian automobile industry has been struggling with a severe sales slowdown since 2019 - and the pandemic brought it to a screeching halt, said The Pioneer (Lucknow, India) Executive Director News Biswajeet Banerjee in comments given to The Express Tribune. ....

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AM Best: Best's Special Report: EIOPA's Solvency II Proposals Seek to Reform a Very Particular Regime


(1)
As Solvency II celebrates its fifth anniversary, the European Commission is moving forward with a review of the system that will shape its operation over the coming years. A new report by
AM Best, A Very Particular Regime EIOPA s Solvency II Review Advice, examines some of the Solvency II reform proposals put forward by the European Insurance and Occupational Pensions Authority (EIOPA) and outlines the implications for European insurance companies.
As the commission moves forward with changes to Solvency II, AM Best expects one of the issues under the spotlight will be the discount rates used at long durations. AM Best highlights in the report that EIOPA s proposals make a start in reforming the often-uneconomic nature of these discount rates. Insurers use rates derived from an Ultimate Forward Rate set by regulation. EIOPA s proposals to lower discount rates are expected to have a clearly visible impact in reducing available capital under Solvency II, most par ....

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