France Joins China to Build $1.7 Billion Global Infra Projects
France became the first country to join China to jointly build seven infrastructure projects worth over USD 1.7 billion in Africa, South East Asia and Eastern Europe, in a boost for Beijing in the face of its growing hostility with the US.
Following up on the virtual meeting between French President Emmanuel Macron and his Chinese counterpart Xi Jinping, the two countries signed the Fourth Round China-France Third-Party Market Cooperation Pilot Project List.
The list includes seven projects in areas like infrastructure, environmental protection and new energy with a total value of over USD 1.7 billion.
France is the first country to establish the third-party market intergovernmental cooperation mechanism with China.
Feb 19, 2022
Ready for Talks with Russia to Achieve Peace: Ukraine President Zelensky
Ukrainian President Volodymyr Zelensky said that his country stands ready for talks with Russia to establish peace amid the ongoing border crisis between the two nations.
He noted that Ukraine supports the initiatives of other countries that offer assistance in organising a meeting with the Russian side.
While commenting on the prospects of Ukraine's membership in the North Atlantic Treaty Organization (NATO), which has been one of the main concerns of Russia, Zelensky said that not all NATO members support Ukraine's accession.
Feb 18, 2022
UK Scraps 'Golden Visas' amid Russian Money Concerns
Britain's government scrapped so-called "golden visas" offering residency to wealthy foreign investors amid security concerns and renewed calls for the UK to review its links with Russia.
The Home Office said that the Tier 1 investor visa route has given opportunities for corrupt elites to access the UK. It said that in some cases, the visas have given rise to security concerns, including people acquiring their wealth illegitimately and being associated with wider corruption.
The visa route, which was introduced in 2008, offered residency to people investing 2 million pounds ($2.7 million) or more in the UK and allows their families to join them. It has been shut to all new applicants from all nationalities with immediate effect.
Nepal to Become First Country to Deploy India's UPI Platform
The international arm of the National Payments Corporation of India (NPCI) announced to deploy Unified Payments Interface (UPI) in Nepal to bolster interoperable real-time person-to-person (P2P), person to merchant (P2M) and potential cross-border P2P remittances between Nepal and India.
Nepal is the first country outside India to adopt UPI as the payments platform, driving the digitalisation of cash transactions.
The NPCI International Payments Limited (NIPL), the global arm of the NPCI joined hands with the Gateway Payments Service Pvt Ltd, an authorised Payment System Operators in Nepal, and Manam Infotech Private Limited to deploy UPI in the country.
Feb 16, 2022
Former President of Honduras Arrested on Drugs Charges
Honduran ex-President Juan Orlando Hernández was arrested on drugs charges.
Mr. Hernández governed Honduras from 2014 to January 2022. He denied the charges against him.
He is accused of having been involved in a drug-trafficking ring which included his younger brother, Tony Hernández, who last year was sentenced in the US to life in prison.
Honduras has for years been a key transit country for drugs smuggled from South America to the United States, and more recently has also become a place where cocaine is produced.
Russia Shows Some Troops Leaving Near Ukraine, Seeks Talks
Russian President Vladimir Putin said that Moscow is ready for security talks with the U.S. and NATO, as the Russian military announced a partial troop withdrawal from drills near Ukraine — new signs that may suggest a Russian invasion of its neighbour isn't imminent despite snowballing Western fears.
Mr. Putin said that he doesn't want war, and called for "peaceful" discussions over Ukraine's bid to join NATO, which Moscow sees as a major threat. The overtures from Russia offered possible new impetus for diplomatic efforts to ease the worst East-West tensions in decades, which have put Europe on edge and rattled global markets.
Feb 15, 2022
Canada PM Justin Trudeau Invokes Emergency Powers
Canadian Prime Minister Justin Trudeau invoked emergency powers to try to quell the protests by truck drivers and others who have paralysed Ottawa and blocked border crossings in anger over the country's Covid restrictions.
Trudeau ruled out using the military and said that the emergency measures "will be time-limited, geographically targeted, as well as reasonable and proportionate to the threats they are meant to address".
Members of the self-styled Freedom Convoy have also blockaded various US-Canadian border crossings, though the busiest and most important—the Ambassador Bridge connecting Windsor, Ontario, to Detroit—was reopened over the weekend.
Ukraine to Drop NATO Bid to Avoid War with Russia
Ukraine could drop its bid to join NATO to avoid war with Russia, the BBC quoted the country's ambassador to Britain as saying, in what would amount to a major concession to Moscow in response to the build-up of Russian troops on its borders. Ambassador Vadym Prystaiko said that Ukraine was willing to be flexible over its goal to join the Atlantic military alliance, a move Russian President Vladimir Putin has said would be a trigger for war.
Ukraine is not a NATO member but has a promise dating from 2008 that it will eventually be given the opportunity to join, a step that would bring the US-led alliance to Russia's border. Putin says Ukraine's growing ties with the alliance could make it a launch pad for NATO missiles targeted at Russia. He says Russia needs to lay down "red lines" to prevent that.
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