Market

WhiteBoard, a must-read for youths to relate Bangabandhu’s policies to today’s development
Market, USA

WhiteBoard, a must-read for youths to relate Bangabandhu’s policies to today’s development

Ask this generation what images they relate to on hearing about Bangabandhu Sheikh Mujibur Rahman and the answer you are most likely to receive is his fiery speech, the gift of the red and green flag, and the unrelenting love for his countrymen. What you are least likely to hear is his policies and plans that shaped up the country’s course of development. To give access to that chapter, WhiteBoard, a newly launched policy magazine, dived deep into his policies and plans in its first issue, creating a space for the experts who either worked with Bangabandhu on formulating policies or possess ample knowledge of that matter.The publication gives a perspective that while youths observe today’s development and progress, they hardly recall that the seed of those developments was sown by Bangaban...
Last ditch efforts of Imran Khan: Gilgit-Baltistan Elections 2020
Market

Last ditch efforts of Imran Khan: Gilgit-Baltistan Elections 2020

As the election date for the legislative assembly of Gilgit-Baltistan (GB) come closer (November 15), Pakistani Prime minister Imran Khan paid a visit to the occupied territory on November 1 and made an announcement that could be best described as a bribe to garner support for his Pakistan Tehreek-e-Insaf (PTI) that has been struggling to find suitable candidates since most of those who were refused party tickets are now contesting against it as independents.Imran matched his visit with the day when on November 1, 1947 Major William Alexander Brown staged a coup against the legitimate ruler of Jammu and Kashmir Maharaja Hari Singh, and arrested his appointed governor Ghansara Singh. The imperial governor agreed to surrender at gunpoint only after he was threatened with the massacre of loca...
India’s biggest festival Diwali to boycott Chinese products
Asia, China, Market

India’s biggest festival Diwali to boycott Chinese products

While we’ve noted the extent to which markets have been flooded with ‘cheap quality yet affordable’ products from China, with PM Modi’s push towards Atmanirbhar Bharat, it seems changes can be plotted especially this festive season. As trends suggest, this is the peak season for huge amounts of imports from China to meet the demand of customers for diverse goods. Yet, this year has brought a twist in the tale. What accounted for almost 70-80% of market share some 5-6 years ago has fallen to a mere 10% share of imported Chinese goods this year. Traders importing Idols of gods and goddesses have declined rapidly. Forces behind this change range from anti-China product demonstrations to a significant change in consumer sentiments as demand for Made in India sees a rise. This in turn ha...
Indian consumers and manufacturers getting sensitive to domination of Chinese goods in Indian market
Asia, China, Market

Indian consumers and manufacturers getting sensitive to domination of Chinese goods in Indian market

China’s emergence as a recent economic superpower is in no small part due to its massive production industry. The coastal factory towns produce an assortment of goods — with equally varying degrees of quality — on an enormous scale and with low cost, only for them to be shipped off to the rest of the world. Cheap labour —allegedly through labour rights violations as well as slave labour — and brazen theft of intellectual property have played a fairly large hand in cementing the Communist state as a principal hub for free market production. Experts had prophesied a subsequent political transformation from communism into a democracy with the liberation of China’s economy. Unfortunately, the Chinese Communist Party (CCP) has pioneered a sinister amalgamation of the ugliest aspects of Marx...
In emails, Sacklers fret over wealth, opioid business
Market, USA, World

In emails, Sacklers fret over wealth, opioid business

NEW YORK: Soon after a Purdue Pharma LP affiliate pleaded guilty to misbranding its addictive opioid painkiller OxyContin in 2007, the company's Sackler family owners fretted about possible threats to their wealth. On May 17, 2007, Jonathan Sackler, who has since passed away, emailed relatives and a financial advisor, triggering an anxious discussion, according to settlement documents US prosecutors disclosed on Wednesday. He told them an investment banker had once told him that his family "is already rich, the one thing you don’t want to do is to become poor.” David Sackler responded the same day: " hat do you think is going on in all of these courtrooms right now? We’re rich? For how long? Until which suits get through to the family?" Between 2008 and 2019, Purdue transferred more...
Rights of minorities and forced conversions in Pakistan
Market

Rights of minorities and forced conversions in Pakistan

Right now, a case with critical bearing on the rights of minorities in Pakistan is being heard at the High Court in Sindh. The case carries with it a particularly thorny question of religious conversion when it goes hand in hand with underage marriage.A Christian girl named Arzoo recently sought a court injunction to prevent the registration of a kidnapping case against a man with whom she had undergone a ‘nikah’ (wedding) ceremony, and his family. She had claimed in an affidavit that she was of 18 years and was ‘marrying’ him after converting to Islam of her own free will.However, incontrovertible documentary evidence has emerged that shows she is a 13-year-old child. The police said they arrested the purported ‘husband’, recovered the girl and were moving her to a shelter home for three ...
Exclusive: Chinese regulatory probe delays approval for Ant’s IPO, sources say
China, Market, World

Exclusive: Chinese regulatory probe delays approval for Ant’s IPO, sources say

China's securities regulator is probing a potential conflict of interest in fintech giant Ant Group's planned US$35 billion stock listing, delaying approval for what could be the world's largest IPO, three people with direct knowledge of the matter said. HONG KONG/BEIJING: China's securities regulator is probing a potential conflict of interest in fintech giant Ant Group's planned US$35 billion stock listing, delaying approval for what could be the world's largest IPO, three people with direct knowledge of the matter said. The China Securities Regulatory Commission (CSRC) is looking into the role of Alipay, Ant's flagship payment platform, as the only third-party channel through which retail investors could buy into five Chinese mutual funds investing in the IPO, the people told Reuters,...
Trump’s stock market: A wild four years
Market, USA, World

Trump’s stock market: A wild four years

The Trump rally, a trade war, and then a crippling pandemic: The four years since President Donald Trump's 2016 election victory have been a period like no other for the U.S. stock market. REUTERS: The Trump rally, a trade war, and then a crippling pandemic: The four years since President Donald Trump's 2016 election victory have been a period like no other for the U.S. stock market. Hours after Trump's unexpected win on Nov. 8, 2016, expectations of massive tax cuts and financial deregulation kicked off a stock rally that saw the S&P 500 surge 5per cent in a month. Wall Street continued its path higher through a trade war and impeachment, going on to new record highs following a deep slump caused by the coronavirus pandemic that continues to cripple the global economy. Graphic: Tru...
Amid worsening ties, China expected to sanction Australian copper, sugar
Asia, China, Market, World

Amid worsening ties, China expected to sanction Australian copper, sugar

As relations between China and Australia continue to get worse on a range of issues, importers across Beijing are expected to brace for a round of sanctions on copper ore and copper concentrate as well as sugar this week.The General Administration of Customs of China (GACC) has issued a notice to exporters claiming that it had found a pest in imported log timber from Queensland and has banned all log exports from the Australian state. It further claimed that it had found contamination in barley shipments from Australian grain exporter Emerald Grain as well.As per repots, bans on copper ore and copper concentrate, as well as sugar, are expected to be introduced this week.In September, China suspended barley imports from Australia’s largest grain exporter, CBH Group, after also detecting pes...