Moody's Investors Service has warned that Pakistan is at an increased risk of failing to restart its $6.7 billion bailout programme with the International Monetary Fund (IMF), putting the country closer to a sovereign default.
"There are increasing risks that Pakistan may be unable to complete the IMF programme that...
Pakistan on Monday requested China to fast-track the refinancing of maturing commercial loans of $1.3 billion and apprised it of the diminishing prospects of revival of the International Monetary Fund (IMF) loan programme.
The request was made by Finance Minister Ishaq Dar during a meeting with China’s Charge d’affaires Pang...
The U.S. government is preparing evacuation plans for American citizens living in Taiwan, three sources told The Messenger.
The planning has been underway for at least six months and “it’s heated up over the past two months or so,” said a senior U.S. intelligence official who spoke on the condition...
WASHINGTON, June 12: The United States has made its concerns known to the Cuban government about Cuba hosting Chinese spy operations on its territory, White House spokesperson John Kirby said on Monday.
Kirby said the bilateral relationship with China was tense at the moment, but President Joe Biden was committed...
TEHRAN, Jun 12: China increased its nuclear arsenal by 60 warheads to 410 in the 12 months to January 2023, an international security think tank said Monday.
Including retired warheads awaiting dismantlement, the overall nuclear inventories of the nine countries fell to 12,512 from 12,710, the SIPRI think tank estimates...
SEOUL, June 12: A former executive at South Korea's Samsung Electronics (005930.KS) was indicted on Monday on suspicion of stealing company technology for a copy-cat chip factory in China and jeopardising national economic security, prosecutors said.
South Korea is a chipmaking powerhouse, increasingly pressed by the geopolitical and economic rivalry...
BENGALURU: Egyptian supply minister Ali Moselhy said on Monday that no credit line had been opened with India but discussions were ongoing regarding payments for imports using currencies other than the dollar.
India was providing Egypt with a credit line worth an unspecified value. The news agency said that the minister did not give...
The Dutch government is working on legislation that would be used to bar Chinese students from university programs on sensitive technologies, including semiconductors and defense, people with knowledge of the matter said.
While language in the planned legislation would likely avoid specifically mentioning China, the clear intention is to prevent...
New Delhi: The 12th edition of the joint military exercise "Ex Ekuverin" between the Indian Army and the Maldives National Defence Force has commenced at Chaubatia, Uttarakhand. The exercise, which started on 11 June, will continue until 24 June, 2023, the defence ministry said.
Ekuverin meaning ‘Friends’ is a bilateral...
In another potential victory for India's defence export, India could sell its BrahMos supersonic anti-ship cruise missile to Vietnam.
According to a report, Vietnam is interested in acquiring three to five batteries of BrahMos missile.
With each battery of the system costing more than $125 million, the deal could be worth...
