Skip to main content

Posts

Showing posts with the label News: international

80 PERCENT DON'T HAVE TO EAT

Davy Fidel  Usually every 25th is always fill up to the brim with gallons of galore. People dancing and singing songs to recreate their sad mold.

CAN CHINA AFFORD ITS BELT AND ROAD? Financing Its Grand Geopolitical Ambitions Will Be Harder Than It Looks. By Christopher Balding

China's just-completed conference touting its Belt and Road initiative certainly looked like a triumph, with Russian President Vladimir Putin playing the piano and Chinese leaders announcing a string of potential deals and massive financial pledges. Underneath all the heady talk about China positioning itself at the heart of a new global order, though, lies in uncomfortable question: Can it afford to do so? Such doubts might seem spurious, given the numbers being tossed around. China claims nearly $900 billion worth of deals are already underway, with estimates of future spending ranging from $4 trillion to $8 trillion, depending on which Chinese government agency

Egypt Sees Inflation Persisting as It Boosts Aid for the Poor. By Tamim Elyan and Ahmed Feteha

Egypt expects inflation to remain above 20 percent next year, as authorities plan an aid package to help lower-income citizens cope with the price surge resulting from the steep weakening of the pound over the past seven months. The planned “social package” to be announced soon, will target public servants, low-income tax payers and recipients of food subsidies, Deputy Finance Minister Ahmed Kouchouk said