economy - Page 8

Report: India Seeks Restrictions on Cheap Chinese Smartphone Sales

New Delhi is allegedly seeking ways to prevent Chinese smartphone manufacturers from selling their devices for less than 12,000 rupees ($150) within India as part of an effort to protect domestic technology companies struggling to compete with the cheap phone makers, Bloomberg reported on Monday citing people familiar with the matter.

Children play games on their mobile phones at a street corner in Mumbai on September 6, 20

Cuba: Women, Children Protest with Human Chain Across Havana Highway

A large group of mainly women and children formed a human chain to block a major highway outside of Havana, Cuba, on Tuesday to protest the island’s poor living conditions, including worsening power outages, caused by the corruption and mismanagement of the country’s communist regime, the news website Cubanet reported on Tuesday.

Cuban mother and children block major highway into Havana, Cuba, August 2, 2022.

Lebanon: Sections of Beirut’s Blast-Stricken Grain Silos Collapse

Sections of Beirut’s grain silos collapsed on Sunday after weakening during a weeks-long fire caused by recent high temperatures that fermented the silos’ grain stores, Agence France-Presse (AFP) reported, noting that the silos were infamous for shielding much of western Beirut from an August 2020 port explosion and sustaining partial damage from the blast themselves.

The grain silos at Beirut's port were severely damaged two years ago in a devastating expl

Sri Lankans Begin Flooding India in Burgeoning Migration Wave

At least six people arrived illegally in India’s Tamil Nadu state on Wednesday after traveling there by boat from Sri Lanka, an island nation located 34 miles off India’s southern coast at its shortest distance, the Hindustan Times reported on Thursday, noting that the incident was indicative of a growing migration wave as dozens of Sri Lankans have fled the financially troubled country for India since its economy effectively collapsed in March.

Drivers are waiting in long queues at an Indian Oil Corporation (IOC) filling station in C

China Predicts Windfall from Selling Monkeypox Test Kits

China-based diagnostic test makers expect to profit considerably from the World Health Organization’s (W.H.O.) recent decision to declare monkeypox a “public health emergency,” as the W.H.O. requested mass orders of monkeypox testing kits from at least two such manufacturers shortly after the declaration, China’s state-run Global Times reported on Tuesday.

Health workers screen passengers arriving from abroad for Monkeypox symptoms at Anna Inter

Hayward: China’s Battered Economy Desperately Needs Biden to Lift Tariffs

Chinese state media spent the past month pressuring President Joe Biden to lift the tariffs imposed by his predecessor Donald Trump – ostensibly because the Chinese Communist Party cares deeply about the travails of American consumers struggling under Biden’s sky-high inflation rates, but actually because the Chinese economy is sinking and Beijing desperately needs those tariffs gone.

China Biden Xi

Greenpeace Complains China Is Approving More Coal Plants

Environmentalist group Greenpeace on Wednesday became one of the few green organizations to complain about China’s titanic consumption of carbon-spewing coal, even as the Chinese government claims it will begin reducing its emissions in 2030 and become “carbon-neutral” in 2060.

This picture shows the coal-powered Datang International Zhangjiakou Power Station in Zhan

Report: Putin Sends Cuba 700,000 Barrels of Fuel Oil

A Liberia-flagged tanker carrying about 700,000 barrels of Russian fuel oil arrived in Cuba last week, the Latin American news website Infobae reported on Sunday, noting that the shipment demonstrated that Moscow was not only supporting Cuba’s communist regime but also finding outlets for oil stock shunned by the West in response to Russia’s latest war with Ukraine.

Russian President Vladimir Putin meets with his Cuban counterpart Miguel Diaz-Canel at the

China Urges World to Disregard Protesters Storming Banks for Cash

China’s state-run Global Times claimed on Tuesday that Western media was unnecessarily “hyping” protests by roughly 1,000 people in Zhengzhou, China, on Sunday in which participants demanded several rural banks release millions of dollars of deposits after unceremoniously freezing them in April, ignoring the fact that Chinese security personnel physically abused and injured several demonstrators during the rally.

People hold banners and chant slogans stage a protest at the entrance to a branch of China