The Trump administration has informed the Congress of its intent to negotiate separate trade agreements with Japan, the UK and the EU, after America signed a new business deal with neighbouring Mexico and Canada, replacing the 24-year-old NAFTA.
World's Largest Unmanned Transport Drone
As per reports, China has successfully tested the world's largest unmanned transport drone which can carry a payload of 1.5 tonnes.
The drone Feihong-98 (FH-98) is developed and modified by the China Academy of Aerospace Electronics Technology.
The FH-98 has a maximum takeoff weight of 5.25 tonnes, a maximum capacity of 1.5 tonnes and 15 cubic metres, a flight height of 4,500 metres, a cruising speed of 180 kilometers per hour, and a maximum range of 1,200 km.
Oct 17, 2018
More Projects Planned Under CPEC
As per Chinese spokesman Lu Kang, more projects will be planned under the $60 billion China-Pakistan Economic Corridor, amid concerns over piling up of debt.
Cash-strapped Pakistan has formally approached the International Monetary Fund (IMF) for a bailout package as it reels under a serious economic crisis.
Shifting of Embassy to Jerusalem
Australian PM Scott Morrison said that he is open to the idea of shifting Australia's embassy from Tel Aviv to Jerusalem and recognising the holy city as Israel's capital.
Morrison also announced that Australia would vote against a UN resolution this week to recognise the Palestinian Authority as the chair of the Group of 77 developing countries.
Russian, Pakistani Military Drills
Russian-Pakistani military drills "Friendship 2018" will be held in the mountains of Pakistan later this month.
The "Friendship" drills between Russia and Pakistan have been held since 2016.
Pakistan has shown eagerness to build military-to-military level ties with Russia.
Oct 16, 2018
Koreas Reconnecting Road and Rail
North and South Korea agreed to begin reconnecting rail and road links, another step in an improving relationship that has raised US concern about the possible undermining of its bid to press the North to give up its nuclear programme.
Paul Allen Passes Away
Paul Allen, who co-founded Microsoft Corp. in 1975 with fellow billionaire Bill Gates has died. He was 65.
Oct 15, 2018
Pakistan Ready to Share Details of CPEC Debts
Pakistan is ready to share details of the debt related to the China-Pakistan Economic Corridor (CPEC) with the IMF.
Finance Minister Asad Umar rejecting the US' view that China-funded projects were to blame for the cash-strapped country's current economic woes.
An IMF team is scheduled to arrive in Pakistan in November to negotiate the programme.
Lagarde has made it clear that the IMF would require absolute transparency on Pakistan's debts, including those owned by China under the USD 50 billion CPEC.
Oct 14, 2018
US to Prevent Technology Exports to China
The Trump administration would sharply restrict exports of civilian nuclear technology to China that officials here claimed was being diverted to power new generations of Chinese submarines, aircraft carriers and floating nuclear power plants.
The move came a day after the Justice Department announced the arrest of a Chinese intelligence officer who was charged with stealing secret information from GE Aviation.
US Warns Yameen
The United States has warned of "appropriate measures" against anyone who tries to undermine the peaceful transfer of power in the Maldives and directly pointed to "troubling actions" by outgoing president Abdulla Yameen, who has challenged the election results.