US says Chinese overcapacity has significant spillovers around world

US says Chinese overcapacity has significant spillovers around world

Friday, 12 July 2024 | PTI | washinton

China’s industrial manufacturing overcapacity has significant spillovers around the world, the Joe Biden administration said on Wednesday, noting that addressing these challenges may warrant taking defensive action to protect firms and workers — and the traditional toolkit of trade actions may not be sufficient. “We are growing concerned that China’s enduring...

Oil tanker held by Iran heads toward international waters

Friday, 12 July 2024 | AP | dubai

An oil tanker held by Iran for over a year after being seized was sailing Thursday toward international waters, tracking data showed. The Marshall Islands-flagged tanker Advantage Sweet traveled toward the Strait of Hormuz, where it was seized in April 2023 by Iran’s navy while carrying $50 million worth of oil...

Top Biden fundraiser, says Democrats not going to win presidency with him

Friday, 12 July 2024 | PTI | Washington

(): A top Hollywood fundraiser for US President Joe Biden called for a new Democratic presidential candidate on Wednesday, arguing that the party cannot win the White House in November with him as the nominee.“We are not going to win in November with this president. On top of that, we...

‘Trump will win if election is free and fair’

Friday, 12 July 2024 | PTI | washington

Observing that the June 27 presidential debate did have some impact on the popularity of Donald Trump, the head of “Sikh Americans for Trump” has said the former president’s victory will depend on whether the election is free, fair and legal.              “I think our community is very much in support....

Yemen Houthi rebels fire Iranian missile at Norwegian-flagged ship

Friday, 12 July 2024 | AP | dubai

Yemen’s Houthi rebels likely fired an Iranian-made anti-ship cruise missile at a Norwegian-flagged tanker in the Red Sea in December, an assault that now provides a public, evidence-based link between the ongoing rebel campaign against shipping and Tehran, the US military says. A report by the US Defence Intelligence Agency released...

S Korea to deploy laser weapons to intercept North Korean drones

Friday, 12 July 2024 | AP | seoul

South Korea said Thursday it will begin deploying laser weapons systems designed to intercept North Korean drones, which have caused security concerns in the South in recent years.   South Korea’s Defense Acquisition Program Administration said that it will deploy at least one anti-air laser weapons system called “Block-I” by the...

Pak completes bridge at Kartarpur Corridor after 2.5-year delay

Wednesday, 10 July 2024 | PTI | Lahore

(): Pakistan has finally completed the 420-metre-long bridge at the Kartarpur Corridor zero line after a delay of two-and-a-half years, an official said on Tuesday. The need for the Kartarpur bridge arose from the vulnerability of the zero-line area to flooding, emphasising the importance of constructing a safe and secure...

Taliban’s morality police contributing to climate of fear among Afghans: UN

Wednesday, 10 July 2024 | AP | new york

The Taliban’s morality police are contributing to a climate of fear and intimidation among Afghans, according to a UN report published Tuesday. Edicts and some of the methods used to enforce them constituted a violation of human rights and fundamental freedoms, the report said. The Taliban set up a ministry for...

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