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By Kester Kenn Klomegah*
MOSCOW (IDN) — The Russian Chamber of Commerce and Industry (CCI) says it is working very hard to continue to prioritise the interests of Russian entrepreneurs in all its dealings. One of the ways the organisation is doing this is by strengthening its international ties.
Already, the CCI has successfully established 76 operational business councils with 76 countries. They involve representatives of the Russian business community and those from the relevant state.
By Jutta Wolf
BERLIN (IDN) — Germany is one of the most important countries for Chinese investors and ranks tenth in terms of Chinese foreign direct investments (FDI). Particularly the transport sector and the technology sector in Germany received a great number of investments from Chinese investors in recent years.
Although China has recently focused more than ever on geostrategic investments in countries of the "Belt and Road Initiative," investments in Germany remain strategically important for Chinese investors to gain access to key technologies.
By Press Trust of India (PTI)
BEIJING (IDN) — China, which was the first to be hit by COVID-19 and the earliest to recover from the lockdown effects, has fixed a GDP (Gross Domestic Product) target of over 6% in 2021, optimistic of an economic recovery after last year’s 2.3% growth, its weakest in decades.
Premier Li Keqiang, in an announcement at the country’s Parliament National People's Congress (NPC), said China, the world's second largest economy, aims to expand its Gross Domestic Product (GDP) by over 6% in 2021, with more efforts on reform, innovation and high-quality development.
By Devendra Kamarajan
NAIROBI (IDN) — When the COVID-19 pandemic crisis started, most people were extremely pessimistic. They thought that the region would drown in terms of trade declining catastrophically. But a new report reveals that the East Africa Community economies — Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda — have, by global standards, proven to be relatively resilient.
Viewpoint by Dushni Weerakoon
The writer is the Executive Director and Head of the Institute of Policy Studies of Sri Lanka.
COLOMBO (IDN) — The unprecedented disruptions of COVID-19 are causing a geopolitical reset — and as the global order is redrawn, small emerging market economies like Sri Lanka are vulnerable to the fallout. Sri Lanka straddles vital shipping routes and is at the centre of diplomatic spats between China and the United States, who called on Sri Lanka to make ‘difficult but necessary choices’ over its growing economic and political ties to China.
By Lisa Vives, Global Information Network
NEW YORK (IDN) – Mixed news from Africa: the Somali Practitioner of ‘Yogadishu’, Ilwad Elman, is the German Africa Peace Prize Winner for 2020. Ilwad Elman has been helping former child soldiers and rape survivors overcome their trauma. Analysts say that recovery for the African States could be dimmed by debt. and African maternal health groups expect better times for women under Biden as the next US President.
Viewpoint by Kalinga Seneviratne
SYDNEY (IDN) – A one-sided trade war has been gathering momentum between China and Australia, ever since Australian Prime Minister Scott Morrison called for an “independent” international investigation of the origins of Covid-19, which infuriated China.
China is Australia’s biggest trading partner with two-way trade worth A$ 235 in financial year 2018-19, which amounts to 26% of Australia’s total trade.
By Ramesh Jaura
BERLIN | GENEVA (IDN) – UNCTAD Secretary-General Mukhisa Kituyi has stressed the need to address the frailties of globalization that led to the rapid spread of the COVID-19 pandemic and its uneven economic impacts, gravely wounding the world economy with serious consequences for everyone. He hopes that the situation would prove to be 'course-altering' and a catalyst for change. "We need to reshape global production networks and reset multilateral cooperation for the better," he says.
By Lisa Vives, Global Information Network
NEW YORK (IDN) – Backed by an overwhelming number of World Trade Organization (WTO) delegates, Dr. Ngozi Okonjo-Iweala was on a fast track to become the head of the global trade group.
Dr. Okonjo-Iweala was set to become the first woman and first African to lead the global trade watchdog. A selection panel of WTO trade ministers found she had far more support than a South Korean rival and it was expected that the Asian candidate would be withdrawn because the African candidate would be most likely to attract consensus among the members.
Viewpoint by Bill Dahl*
QUERETARO, Mexico (IDN) – For the majority of people, the emotion engendered by a UFO landing on Earth is fear. For others, it is a confirmation of a hope – that there are alternative realities to the beliefs the majority currently hold. Confirming the reality of a UFO landing on Earth opens up vast possibilities that people had heretofore thought impossible.
Currently, Mexico has a UFO. It is not an Unidentified Flying Object. It is an Unequivocal Failing Organization. The name of the UFO is Pemex or Petróleos Mexicanos. Pemex is the largest taxpayer in Mexico, its largest company, and one of the largest companies in Latin America.
IDN-InDepthNews offers news analyses, features, reports and viewpoints that impact the world and its peoples. It has been online since 2009. Its network spans countries around the world.