Asian markets mixed after US-China trade deal

BEIJING (AP) — Asian stock markets were mixed Monday following a U.S.-Chinese trade deal that disappointed some investors.

Hong Kong fell, while Shanghai, Tokyo and Seoul were little-changed.

The interim “Phase 1” agreement announced Friday was in line with expectations. The two sides agreed to reduce some punitive tariffs imposed in their fight over China’s technology ambitions and trade surplus. Beijing agreed to buy more American farm exports.

Market choppiness reflects concern “the details were disappointing,” said Mizuho Bank in a report.

Iran's economy impacted, but survives U.S. sanctions

by Mu Dong, Hassan Rouhvand

TEHRAN, Nov. 27 (Xinhua) -- One year since the United States fully re-imposed its maximum sanctions against Iran, its economy has experienced impact but survives.

When the United States quit the Iran nuclear deal, officially known as Joint Comprehensive Plan of Action (JCPOA), in May 2018, and then re-imposed nuclear sanctions in August and November 2018, there was an expectation among U.S. decision-makers that the Iranian economy would collapse within months.

RCEP; A Dangerous Agreement to Sign by India

by Prabhat Patnaik

On  October 24-25, there were widespread peasant protests all over the country against the Regional Comprehensive Economic Partnership (RCEP) involving sixteen nations which India is currently negotiating. As negotiations near completion, such protests are escalating, with the All India Kisan Sabha planning to organise a nation-wide protest on November 4, just before the RCEP agreement is due to be signed. And the Kerala government too is organising a protest.

‘This city is not livable’: New Delhi citizens face foul air

By SHEIKH SAALIQ

NEW DELHI (AP) — Sakshi Chauhan has not left her house in a quiet inner-city slum in the Indian capital for the past six days on her doctor’s orders.

The 22-year-old call center operator is recovering from a severe throat infection and the thick smog now blanketing New Delhi has made even breathing dangerous.

“The moment I step outside, I can’t breathe properly,” she said. “I have never seen this level of pollution in my entire life.”

NAM nations stand to gain through economic cooperation

By R.Ravichandran

KUALA LUMPUR, Nov 1 (NNN-BERNAMA) — The Non-Aligned Movement (NAM), with 120 members, is a movement with a promising prospect for economic cooperation, said Assistant to the President of Azerbaijan for Public and Political Issues Ali Hasanov.

Hasanov said currently, 55 per cent of the world’s population lives in NAM member countries, and more than 75 per cent of the world’s oil reserves and 50 per cent of the natural gas reserves are also in these countries. 

Saudi visit showcases Putin’s growing Middle East influence

by Stephen Kalin

15 Oct 2019; MEMO: Russian President Vladimir Putin visits Saudi Arabia on Monday for the first time in over a decade, seeking to capitalise on growing influence borne of military advances in Syria, strong ties with regional rivals and cooperation on energy policy.

Moscow accrued power in the Middle East in 2015 by sending troops to Syria, where it and Iran have been key backers of President Bashar al-Assad amid civil war, while the United States pulled back.

Was Iran really behind the attack on Saudi Aramco facilities?

by Omar Ahmed

On 14 September, state-owned Saudi Aramco’s oil processing facilities at Abqaiq and Khurais in the Eastern Province were the target of a sophisticated drone and cruise missile attack. The Houthis of Yemen were quick to claim responsibility for “Operation Deterrent Balance 2”, which more than halved Saudi Arabia’s oil output and caused a surge in oil prices by 20 per cent at one point.

Climate emergency: why global mobilization is so important

Our planet is currently facing an unprecedented climate crisis and we are now close to the point of no return. The consequences are already showing signs of irreversibility in many parts of the world, and many are now suggesting the abandonment of the term ‘climate change’ in exchange for language that conveys the seriousness of what is happening.

Subscribe to