06252016Sat
Last update: Sat, 25 Jun 2016 10am

South Asia

World - South Asia

China's Xi weaves Poland into 'new silk road' plan WARSAW: Chinese President Xi Jinping drummed up investment and trade with Poland on Monday as the European Union's largest eastern economy eyes financing by the Asian giant. Xi and Polish President Andrzej Duda inked a broad strategic partnership deal on political and economic cooperation, part of Beijing's much vaunted efforts of establishing land and sea links for European trade, known as the "Belt and Road" policy.Poland is China's largest trade partner in eastern Europe and in 2015 bilateral trade reached 17.1 billion dollars (15.2 billion euros), according to Chinese figures. But there is a chronic imbalance in favour of Beijing and Warsaw's main objective is to change that.Xi on Monday urged Poland to "fully take advantage of its position as a founding member of the Asian Infrastructure Investment Bank" (AIIB) to do business.Launched by China in January, the AIIB includes several European countries among its members but the United States ...

World - South Asia

India announces sweeping foreign investment reforms NEW DELHI: India Monday announced sweeping moves to expand foreign investment in civil aviation, defence and a string of other sectors as part of attempts to open up the economy.The government eased restrictions on foreign direct investment (FDI) in nine areas as it looks to spur investment in the world's second most populous country.Prime Minister Narendra Modi tweeted that the "radical" changes would make "India the most open economy in the world for FDI" and ...

World - South Asia

Afghan MPs confirm new defence minister, intelligence chief KABUL: Afghan lawmakers on Monday approved President Ashraf Ghani's nominees for defence minister and intelligence director, two crucial posts that sat vacant for months as the country struggles to rein in an ascendant insurgency.The confirmations came as attacks left at least 23 people dead across Afghanistan Monday and wounded dozens more, as the Taliban's resurgence continues to raise serious questions about the ability of Afghan forces to hold their own without the support of US-led ...

World - South Asia

Monsoon rains cover half of India; to accelerate sowing MUMBAI: Indian monsoon rains have covered nearly half of the country, the weather department said on Monday, accelerating planting of summer crops like paddy rice, soybeans, cotton and pulses.The June to September monsoon is crucial for farm output and economic growth in India, where just over half of arable land is fed by rain. The farm sector makes up about 15 percent of the $2-trillion economy that is Asia's third biggest. The sowing has been ...

World - South Asia

Bomb kills 8 in northeast Afghanistan: officials KABUL: At least eight people were killed and 18 injured Monday morning when a motorcycle bomb exploded in a crowded market in Afghanistan's northeastern Badakhshan province, local authorities said."Our initial information is eight people were martyred, and 18 others were wounded, all the victims are civilians," the Badakhshan provincial governor's spokesman Naweed Froutan told AFP, adding that the death toll is set to rise.Copyright AFP (Agence France-Presse), 2016 ...

World - South Asia

Explosion hits minibus in Kabul: police KABUL: An explosion hit a minibus in Kabul early Monday on the main road to the eastern city of Jalalabad, police said.There were fears of numerous casualties with more than two dozen ambulances at the scene, according to an AFP journalist.Copyright AFP (Agence France-Presse), 2016 ...

World - South Asia

Demos greet Chinese president in Poland WARSAW: Rival demonstrations greeted Chinese President Xi Jinping as he arrived in Warsaw on Sunday on a three-day visit focused on investment and trade with Poland, the EU's largest eastern economy.Holding banners calling on Beijing to "end the persecution of (spiritual group) Falung Gong", dozens of members of the religious movement banned in China demonstrated along a road leading from the airport to central Warsaw as Xi arrived.Meanwhile hundreds of Xi's supporters waving placards welcomed ...