Around the Globe

Around the Globe

US plans heavy China tariff hit

The Trump administration plans to impose tariffs worth as much as $60 billion on Chinese products as early as this week to punish Beijing for what the US perceives as intellectual property theft from American businesses, according to two people familiar with the matter.

Putin savours record win, securing six more years at Russia’s helm

Russian President Vladimir Putin basked in his biggest ever election victory on Mo­n­day, extending his rule over the world’s largest country for another six years at a time when his ties with the West are on a hostile trajectory. Putin’s victory will take his political dominance of Russia to nearly a quarter of a century, until 2024, making him the longest ruler since Soviet dictator Josef Stalin. Putin, who will be 71 at the end of his term, has promised to beef up Russia’s defences against the West and raise living standards.

How long will the world’s most powerful leaders last?

The internati­onal pecking or­der is usually defined by economic and military might. That puts the US at the top of the pile, with China gaining fast in second place.

But when it comes to tac­kling long-term global challenges such as climate cha­nge, poverty or peacemaking, it’s also vital to identify which leaders are likely to stick around.

US has concerns over WTO, wants reforms

Raising concerns over the functioning of the World Trade Organisation, the US has asked for upgrade and reforms of the trade body, WTO director general Roberto Azevedo (in pic) said on Monday while saying the trade environment was very risky at present.

Putin on track for commanding win as Russians head to polls

Russians voted in a presidential election on Sunday that was expected to give Vladimir Putin an easy victory, but his opponents alleged officials were compelling people to come to the polls so that a low turnout does not tarnish the win. Opinion polls give Putin, the incumbent, support of around 70 per cent, or nearly 10 times the backing of his nearest challenger.

Another term will take him to nearly a quarter century in power — a longevity among Kremlin leaders second only to Soviet dictator Josef Stalin.

Theory of everything... No more

Stephen Hawking, who sought to explain some of the most complicated questions of life while working under the shadow of a likely premature death, has died at 76.

Tillerson out at State, to be replaced by CIA chief Pompeo

US President Donald Trump ousted Rex Tillerson as secretary of state on Tuesday, making a surprise Twitter announcement that he’s naming CIA director Mike Pompeo to replace him.

“Mike Pompeo, Director of the CIA, will become our new Secretary of State," Trump tweeted. “He will do a fantastic job! Thank you to Rex Tillerson for his service! Gina Haspel will become the new Director of the CIA, and the first woman so chosen. Congratulations to all!”

Bangladesh plane carrying 67 passengers crashes in Nepal

At least 40 people were killed and 23 injured when a Bangladeshi plane crashed and burst into flames near Kathmandu airport on Monday, in the worst aviation disaster to hit Nepal in years.

Officials said there were 71 people on board the US-Bangla Airlines plane from Dhaka when it crashed into a football field near the airport.

Rescuers had to cut apart the mangled and burned wreckage of the aircraft to pull people out.

Govt bids to tackle project delays, cost overruns

All ministries have been asked to share details of delay and cost overrun in implementing projects and schemes, according to a directive issued by cabinet secretary PK Sinha.

The move comes after it was observed that several proposals involving time and cost overrun or extension in time frame of implementation of projects or schemes are being referred to the cabinet or cabinet committees for consideration.

Bill to impound, sell assets of absconding fraudsters tabled in LS

The government on Monday tabled a bill that seeks to confiscate all the assets of absconding fraudsters and loan defaulters for recovering dues from them.

The Fugitive Economic Offenders Bill 2018 aims to impound and sell assets of fugitives such as Nirav Modi, who is alleged to be behind the nearly Rs 12,700 crore fraud at Punjab National Bank (PNB).

The law will apply to defaulters who have an outstanding of Rs 100 crore or more and have escaped from the country.