The International Monetary Fund (IMF) has announced that the United States and China account for half of the world’s total indebtedness of $235 trillion, with both countries owing $117.5 trillion. In its global debt update, titled: Global Debt Is Returning to its Rising Trend, the global monetary fund on Wednesday, September 13 said in a space of one year from 2021, global debt position rose by $200 billion to $235 trillion, equivalent of 238 per cent of the world’s …
Tag: CHINA
Somali sports authorities have come under for selecting Nasro Abukar Ali, a female athlete accused of being underqualified and unfit, to represent the country at the prestigious 2023 World University Games. Nasra came in last place during the 100m race at the 31st Summer World University Games held in Chengdu, China on Tuesday August 1, setting a new record for the slowest finish in the competition’s history. A viral video of the race has sparked questions as to …
The United States has reaffirmed its commitment to defend the Philippines’ armed forces from attack in the South China Sea. According to the US Secretary of State, Anthony Blinken, the US will come to Phillipines aid if attacks were launched against it, as it has a 70-year-old mutual defense treaty with the country. Blinken made the comments on Sunday, July 11, in a statement marking the fifth anniversary of a ruling by an independent arbitration tribunal rejecting China’s expansive territorial claims …
According to a new intelligence report by the US intelligence agencies released on Sunday, August 9, China will influence the upcoming 2020 presidential elections to favour Democratic candidate Joe Biden while the Russian government favors a Trump re-election. According to the report, global powers China and Russia are in position to interfere with proceedings to ensure that their pick seals the White House …
Twenty-five Nigerians have filed a lawsuit against the Peoples Republic of China before the Federal Capital Territory (FCT) High Court over its alleged culpability in the spread of the novel Coronavirus and are demanding a $200 billion compensation over the effects of the pandemic on their livelihoods. A team of 11 Senior Advocates of Nigeria ((SANs) and other lawyers led by Professor Epiphany Azinge (SAN) filed the lawsuit. The lawyers say the COVID-19 pandemic started due to their negligence, nuisance, and …
The United States Senate has approved a final version of legislation that would punish China for imposing a new security law on Hong Kong, a move by China that aims to destroy democratic freedoms and government accountability in Hong Kong. The legislation termed the Hong Kong Autonomy Act would impose sanctions on businesses and individuals that help China restrict …