Business

Billionaire diamond tycoon Nirav Modi forced to come back in India to face trial over £1.3bn fraud : extradition approved by Priti Patel
Asia, Business

Billionaire diamond tycoon Nirav Modi forced to come back in India to face trial over £1.3bn fraud : extradition approved by Priti Patel

Nirav Modi whom New Delhi is trying to extradite back to our country since 2016 to face charges against his bank fraud of $2.2million. Modi, whose wealth was once calculated by Forbes magazine as £1.5billion, was arrested in the UK in March 2019, and detained in Wandsworth prison, south-west London.  He now has 14 days to appeal to a higher court in Britain against the decisions of the district court and Home Office.  Zulfiquar Memon of Indian law firm MZM Legal, which is representing Modi in his case said the team is in the process of challenging the order.  He added that this 'may happen anytime soon.'  A spokesperson for the Home Office confirmed in a statement on Friday that the extradition order was signed on April 15.  India's Min
China reveals mainland students arrested over Hong Kong protests
Business, China, Politics

China reveals mainland students arrested over Hong Kong protests

China has revealed about four cases among which two were involved in anti-extraditionprotests in Hong Kong. State Television also revealed while saying that one among the fourwas sentenced for 11 year of jail for advising US officials about foreign sanctions on HongKong and funding protest.Changanjian, the official social media account of China’s top law enforcement agency, theCentral Political and Legal Affairs Commission, on Thursday made public details of the fourcases involving students who had studied outside the mainland.They included two students who were studying in Hong Kong and were arrested by thenational security authority last year for taking part in protests in the city in 2019. The protestsbegan in opposition to an extradition bill but escalated into an anti-government move
Business, China

Taiwan launches its first amphibious ship

KAOHSIUNG, Taiwan — Taiwan from its new naval shipbuilding program begun by launching its amphibious transport ship which is the first from this program. The program started as a result of China to use military force to annex the island it claims is its territory.   President Tsai Ing-wen presided over the launching ceremony at a shipyard in the southern port city of Kaohsiung for the first in the series of ships intended as&
Indian govt holds mega tourism event in J&K’s Srinagar from April 11 to 13
Business, World

Indian govt holds mega tourism event in J&K’s Srinagar from April 11 to 13

The Ministry of Tourism under the aegis of the government of India has organized a mega tourism promotion event in Jammu and Kashmir’s Srinagar from April 11 to 13. Lieutenant Governor of the Union Territory of Jammu and Kashmir, Manoj Sinha and Union Minister of State for Tourism and Culture Prahlad Singh Patel addressed the delegates at the inauguration of the event titled "Tapping the Potential of Kashmir: Another Day in Paradise". The objective of the event is to showcase the various tourism products of Jammu and Kashmir and promote it as the destination for leisure, adventure, Eco, Wedding, films and MICE Tourism. Several interesting programmes, discussion sessions, technical tours, exhibitions, interactions will form the part of the event including a technical visit to the Tulip Gar
UK unveils package to support Hong Kong families escaping Beijing’s draconian law
Business, China, World

UK unveils package to support Hong Kong families escaping Beijing’s draconian law

For the people who are escaping Hong Kong due to China’s draconian National security law, the UK government has announced a 43 million pound (USD 59.6 million) package with an aim to support British National (Overseas) families that settle in the country, funding local councils nationwide to help the new arrivals from Hong Kong with housing, education and employment.The scheme, announced on Thursday, comes after UK Prime Minister Boris Johnson spoke to four Hong Kong families that moved to the country on a special visa for those with BN(O) status last month.Under the new programme, 30.7 million British Pounds will go to councils across England, to provide help for the arrivals, covering English language and housing support for those in need. Scotland, Wales and Northern Ireland will delive
Taiwan facing tough battle to curb talent poaching by China
Business, China, World

Taiwan facing tough battle to curb talent poaching by China

Taiwan is facing a tough battle with China right now as the latter is reportedly poaching talent from Taipei in its bid to become self-reliant in manufacturing computer chips.For some time now, Taiwan’s engineers are being lured to the mainland.On March 9, Taiwanese prosecutors had raided the offices of two companies who were alleged to have been funded by a chip design firm based in the Chinese mainland.The firm was suspected to have financial links to Bitmain technologies in Beijing, the world’s largest manufacturer of cryptocurrency-mining equipment.“We suspect that the two companies – WiseCore Technology in New Taipei City and IC Link in Hsinchu – were set up by the Chinese company and that their top executives had in the past three years illegally recruited several hundred local engin
China’s treatment of Canadian nationals threatens respect for rule of law, relations with West: Trudeau
Business, China, World

China’s treatment of Canadian nationals threatens respect for rule of law, relations with West: Trudeau

In a scathing attack against China over the treatment of two Canadian nationals, Prime Minister Justin Trudeau said that China’s actions threaten both ‘respect for the rule of law’ and Beijing’s relationships with Western nations.“China needs to understand that it is not just about two Canadians. It is about the respect for the rule of law and relationships with a broad range of Western countries that is at play with the arbitrary detention and the coercive diplomacy they have engaged in,” said Trudeau in a press briefing.Canadian nationals – former diplomat Michael Kovrig and businessman Michael Spavor – have been in Chinese detention for over 800 days on espionage charges. Ottawa says that these are retaliatory measures for Canada’s detention of Huawei Chief Financial Officer Meng Wanzho
Xi’s dream project ‘Belt Road Initiative’ in trouble amid China’s shrinking economy
Asia, Business, China, Singapore

Xi’s dream project ‘Belt Road Initiative’ in trouble amid China’s shrinking economy

Due to China’s dwindling economy, President Xi Jinping's dream of setting a new world order seems to have come to a halt after the Covid-19 slowed down the Belt Road Initiative (BRI), pushing it towards becoming financial inviable.According to media reports, Beijing has been forced to cut back on new loans and investments under the BRI due to covid-19 induced economic troubles.According to the Green Belt and Road Initiative Centre, a research organization, Chinese investment has reduced to USD 47 billion in 2020--a whopping slump of 54 per cent in just one year.Wang Xiaolong, director-general of the Chinese Foreign Ministry's International Economic Affairs Department, said 20 per cent of the BRI projects were seriously affected while other 30-40 per cent witnessed adverse impact.China's ec
Queue up early for storied Hong Kong eatery
Business, Singapore, World

Queue up early for storied Hong Kong eatery

The Bangkok edition can seat up to 120 guests and is the seven-year-old Hong Kong brand's largest outlet in the world. The queue for tables at Kam's Roast Bangkok on Feb 12, the first day it opened in Thailand, was phenomenal. Cantonese cuisine enthusiasts and roasted meat lovers were drawn into this Hong Kong-style barbecue restaurant for its star-studded specialities. Roast goose, roast duck, honey-glazed barbecued pork belly and soya chicken, which graced the display facade of the kitchen, are the menu highlights. Established in Hong Kong in 2014, Kam's Roast might seem like a young player in the island's long-running and revered arena of Cantonese roasts. Interestingly, just four months after the opening in Hong Kong, it won a Michelin star and has continued to retain it for seven...
Bangladesh PM praises India for building ‘prosperous region together’
Business, World

Bangladesh PM praises India for building ‘prosperous region together’

While inaugurating Maitri Setu bridge built on River Feni on Tuesday, Bangladesh Prime Minister Sheikh Hasina lauded India for “building a prosperous region together”.“50 years ago, in 1971, India opened up its border for Bangladesh’s people to support their freedom struggle; today we are building a prosperous region together. I wish successful operation and utilisation of the Feni Maitri Setu,” said Hasina while inaugurating the bridge alongside Indian Prime Minister Narendra Modi via video conferencing.“It’s my immense pleasure to inaugurate the Maitri Setu today together with Prime Minister Narendra Modi. The event is taking place at a time when we are celebrating the birth centenary of Father of the Nation – Bangabandhu Sheikh Mujibur Rahman, the golden jubilee of Bangladesh’s independ