Earlier this week, the United States and China escalated their trade war with Beijing letting its currency, Renminbi, fall by 1.4 per cent and Washington accusing the communist nation of being a currency manipulator. Earlier this week, the United States and China escalated their trade war with Beijing letting its currency, Renminbi, fall by 1.4 per cent and Washington accusing the communist nation of being a currency manipulator. The latest round of tit-for-tat moves came … [Read more...]
There will be no winners in US-China trade war
The United States and China, the two largest economies in the world, are currently engaged in what might be called the mother of all trade wars. The first salvo of the trade war was fired by President Donald Trump in January 2018 — less than a year into his presidency — when he announced tariffs on products of several nations, including Chinese solar panels and washing machines. In spite of several rounds of bilateral talks over the past 17 months, major … [Read more...]
Critical for India to empower Muslims through education
Many Muslims in India remain economically disadvantaged and for the country to achieve full potential it is critical to empower them through education, an eminent Indian-American philanthropist has said. Frank Islam, while speaking at a gathering of Indian- Americans here to celebrate the 200th birth anniversary of Aligarh Muslim University founder Sir Syed Ahmed Khan, said, “In spite of the begrudging progress, too many Muslims in India remain socially, educationally and economically … [Read more...]