A move linked to the aim of reducing transaction costs and easing the pressure on foreign exchange reserves. New provisions have also been introduced to allow Indian companies to invest in Sri Lanka using their own currency. However, practical issues remain to be resolved.
The lack of recognised legal status exposes thousands of Central Asian women to serious dangers in Turkey. The case of two Uzbek women whose bodies were found in rubbish bins caused a stir in Istanbul this year. Without documents, working in private homes is often their only option for survival, but at the same time it is a trap.
June in China is the month of the Gaokao (the university entrance exam) and the Zhongkao (the secondary school entrance exam), with the usual mobilisation of families anxious about their children’s future. But the structural limitations of China’s current economic system, with 320 million ‘flexible’ workers, are turning yesterday’s dreams into a mere struggle for survival.
Job losses stem from weakening exports, rising costs, soaring gas prices, an influx of imported products, and uncertainty in the global economy. The central government is preparing mitigation measures. Observers and experts are calling for collaboration between the government, employers, and trade unions to safeguard sustainability.
Thanks to massive investments in solar, wind, and nuclear power, China has topped four billion kilowatts of installed capacity, 1.7 times that of the United States and the European Union combined. And it is working to have a system operational by 2030 that will allow millions of idled electric vehicles to return energy to the grid to meet peak demand.
Eva Air will launch its first nonstop flight between Taiwan and the US capital tomorrow. Beyond the diplomatic significance of the new route, the decision reflects the growing importance of economic relations between Taiwan and the United States, while doubts remain over Washington's military support for the island.