Author: Nikita Singh

Many of these former students, who are from India and the Philippines, were forced to quit their occupations when their work permits ran out, even though there was no assurance, they would be granted permanent residence. Some international students claim that the Canadian government uses them as a cheap workforce and then discards them when they are no longer required.50,000 international students were permitted to stay in Canada last year, for 18 months after graduating. Therefore, to look for work at a time when businesses were in need of staff and the economy was recovering from Covid shutdowns. In order…

After incurring significant losses in China’s corporate bond market, bond fund managers with strategies centred on Asian high-yield issuers have shifted to cash and other non-China assets.After incurring significant losses in China’s corporate bond market, bond fund managers with strategies centred on Asian high-yield issuers have shifted to cash and other non-China assets China’s real estate market experienced a record number of defaults in 2022 among leading private developers and even some state-owned firms, despite once being a sought-after investment that accounts for more than half of Asia’s high-yield corporate bond issuance. Capital exodus brought on by rash Federal Reserve…

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Due to the triple burden of slow development, high energy costs, and excessive regulation, BASF (BASFn.DE) stated costs at its European locations must be reduced to a “permanently” smaller size. However, the head of the German industrial giant threw his support behind a proposed expansion in China. Due to the triple burden of slow development, high energy costs, and excessive regulation, BASF (BASFn.DE) stated costs at its European locations must be reduced to a “permanently” smaller size. However, the head of the German industrial giant threw his support behind a proposed expansion in China. The CEO of the chemical manufacturer,…

On October 23, 2022, at the Great Hall of the People in Beijing, China, Chinese President Xi Jinping addresses the media as the newly elected members of the Politburo Standing Committee meet with the media. With greater authority than ever, China’s Xi Jinping begins his third term as president with a mountain of issues to solve, including a failing economy, his own COVID-19 strategy which has forced the nation into a corner, and deteriorating relations with the West. After the leadership of his ruling Communist Party was changed during its twice-decade congress, which ended last week. Xi, 69, is now…

China is the world’s largest emitter of greenhouse gases, so Xi Jinping’s decision to appear to lessen China’s role in combating climate change is a sign that the country has not only recovered battered and chastened by crippling power shortages in the previous two years but also that the China-US “climate honeymoon” is over. In contrast to his 2017 claim that China would assume the global “driving seat” in solving the climate catastrophe, President Xi Jinping used the word “actively participate” in his important speech at the opening of the Communist party’s 20th national congress, on Sunday. Since China is…

Japan’s Stimulus Package Approximately 15 trillion yen ($100 billion) in output shortfall has to be covered by Japan’s stimulus, a top ruling party official said on Sunday. “The GDP gap in Japan is currently somewhere in the range of 15 trillion Yen. Simply closing this gap won’t do “said Yoshitaka Shindo, executive acting chair of the policy research council of the ruling Liberal Democratic Party (LDP). The japan’s Stimulus package, which is being developed by the government of Prime Minister Fumio Kishida to lessen the impact of rising fuel and raw material prices, “both quality and size is vital,” Shindo…

According to attorneys and bankers who work on such stock launches, Nasdaq Inc (NDAQ.O) has halted initial public offering (IPO) preparations of at least four small Chinese companies while it investigates brief price rallies of such firms following their debuts. The measures of the stock exchange operator coincide with a rise in shares of Chinese businesses that raise modest sums in their initial public offerings (IPOs), usually $50 million or less. These stocks can increase by as much as 2000% when they first trade, only for their prices to plummet the days afterward, hurting investors who are brave enough to…

Although, UK Prime Minister Liz Truss has promised to lead the Conservative Party into the upcoming election, which is scheduled for two years from now, many are sceptical if she will continue to do so. After abandoning her massive tax-cutting plan, British Prime Minister Liz Truss warned of difficult times ahead. Further, she also insisted she would continue to work to strengthen the economy, refusing calls for her resignation.After weeks of attributing the selling of government bonds and the pound to “global headwinds”. Truss apologised on Monday, for going “too far and too soon” with her bold economic strategy to…

China claims that it is defending its interests and responding to the West in kind when it uses tough diplomacy. It is widely believed that Chinese President Xi Jinping will be re-elected to office after receiving support for a second term at the CCP’s 20th National Congress, which will get underway on Sunday, October 16. China experienced a distinctive form of leadership under Xi, which is very different from that of other Chinese leaders in more recent memory. Over the years, as China’s position in international affairs has changed, Xi has argued for a more aggressive strategy for managing problems…