05292016Sun
Last update: Sun, 29 May 2016 08pm

South Asia

World - South Asia

Xi says China should invest more in the elderly SHANGHAI: China should increase investment in care for the elderly, President Xi Jinping told a meeting of the country's top leaders on its ageing population, official Xinhua news agency reported."Our policies measures, work base, institutional mechanisms, and so forth are still deficient leading to a fairly large gap with the hope of the elderly to enjoy happiness later in life," it quoted Xi as saying on Friday.For the first time in decades China's working age population fell in 2012 and the world's most populous nation could be the first country in the world to get old before it gets rich.China's population is set to peak at about 1.45 billion by 2050 when one in every three people is expected to be more than 60 years old, with a shrinking proportion of working adults to support them.With the world's largest elderly population and the fastest ageing population, facing the problems was ...

World - South Asia

Japan's Abe points to 2008 crisis as G7 leaders debate global risk ISE-SHIMA: Group of Seven leaders voiced concern about emerging economies at a summit in Japan on Thursday as their host, Prime Minister Shinzo Abe, made a pointed comparison to the 2008 global financial crisis but not all his G7 partners appeared to agree.The G7 leaders did agree on the need for flexible spending to spur world growth but the timing and amount depended on each country, Deputy Chief Cabinet Secretary Hiroshige Seko told reporters, adding ...

World - South Asia

Iran's Khamenei calls for vigilance against West's 'soft war': state TV ANKARA: Iran's Supreme Leader Ayatollah Ali Khamenei called for vigilance against what he called a "soft war" mounted by the West and aimed at weakening the clerical establishment, state television reported on Thursday."Our officials and all parts of the establishment should be vigilant about the West's continued soft war against Iran ... the enemies want to weaken the system from inside," Khamenei said.In a meeting with members of the Assembly of Experts, with authority to ...

World - South Asia

After two years, India's Modi says huge task ahead: report NEW DELHI: Prime Minister Narendra Modi has defended his record of reforming India's stuttering economy after two years in power, but conceded that his right-wing government faced "an enormous task ahead".In an interview with The Wall Street Journal published Thursday, his second anniversary in office, Modi said he had set a path for faster growth, including opening up the economy to foreign investment and curbing corruption.But Modi also said he needed India's 29 states to ...

World - South Asia

India allows accused Italian marine to go home NEW DELHI: India's top court Thursday allowed an Italian marine accused of killing two fishermen to return home pending a ruling on where he should be tried in a long-running case that has soured ties between the two countries.Salvatore Girone and fellow marine Massimiliano Latorre are accused of shooting the fishermen while protecting an Italian oil tanker as part of an anti-piracy mission off India's southern Kerala coast in 2012.Latorre was allowed to travel back ...

World - South Asia

Japan's Abe visits Shinto holy site before G7 summit ISE: Japanese Prime Minister Shinzo Abe on Wednesday made a pilgrimage to the Ise Grand Shrine, the holiest site in Japan's Shinto religion, a day before he hosts a Group of Seven (G7) summit nearby.Abe is expected to escort other G7 leaders including U.S. President Barack Obama to the expansive grounds of the shrine in central Japan on Thursday before they gather for the two-day annual meeting.Abe, who like other Japanese leaders pays his respects ...

World - South Asia

Sri Lanka seeking to borrow $3.5bn through foreign debt COLOMBO: Sri Lanka is in the process of borrowing up to $3.5 billion from foreign sources via syndicated loans, sovereign bonds, and sukuk, the country's finance minister said on Wednesday."A $500 million syndicated loan is almost done with Credit Suisse. Once that is done, we will be going for another $500 million syndicated loan," Ravi Karunanayake told a Foreign Correspondents Association forum."Then we will go for the sovereign bond within two to three weeks. We ...