The Maldives, heavily indebted to China, faces economic peril according to IMF warnings.
President Muizzi's alignment with Beijing over traditional ties with India strains relations.
Experts caution against repeating past mistakes of heavy borrowing, emphasizing the need for a balanced foreign policy approach for long-term stability.
In the Maldives, President Mohamed Muizzu's People’s National Congress clinched a significant victory in parliamentary elections, securing potential control over the legislature. Despite economic challenges, Muizzu fulfilled his promise to remove Indian military presence, signaling a shift towards closer ties with China. Voter turnout stood at 76%, reflecting continued civic engagement. Muizzu's leadership will shape the Maldives' geopolitical landscape.
#MaldivesElection #MohamadMuizzu #PNC #MuizzuChina #ChinaMaldives #IndiaOut #IndiaMaldives #Worldnews #Oneindia #Oneindia news
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Stay updated on the latest developments as the Maldives holds its 2024 parliamentary election, seen as a crucial test for President Mohamed Muizzu amidst rising tensions over anti-India policies. With 368 candidates vying for 93 seats, this election could reshape the nation's diplomatic stance and regional alliances. Follow for live coverage and analysis of this significant event.
#IndiaMaldivesTensions #IndiaMaldivesRelations #IndiaMaldivesFight #Maldives #MaldivesElections #MaldivesElections2024 #MohamedMuizzu #Oneindia
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Ahead of Maldives' parliamentary elections, opposition demands investigation and impeachment of President Muizzu over alleged corruption from 2018. Leaked reports implicated him in financial misconduct, triggering a political storm. Muizzu denies accusations, citing lack of evidence, and accuses opposition of desperation. With 368 candidates contesting for 93 seats, election results will determine opposition's ability to hold Muizzu's administration accountable.
#muizzumaldives #maldivesmuizzuimpeachment #maldivesmuizzuindiaout #muizzumaldivesnews #mohamedmuizzumaldives #muizzumaldivesflight #Maldivesnews #Maldivesupdates #Worldnews #Oneindia #Oneindianews
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Israeli airstrikes hit houses in Rafah and Gaza City, killing 13 and injuring many, amid talks for a ceasefire. The conflict, sparked by Hamas attacks, has led to extensive casualties and displacement. Hamas discusses ceasefire proposals with mediators, including Israel's response. Palestinian President Abbas urges US intervention to prevent an imminent Israeli attack on Rafah, emphasizing US influence in the matter.
#Israel #IsraelHamas #Gazawar #Israelnewsn #RafahAirstrikes #RafahAttack #Abbas #Hamas #Worldnews #USnews #Oneinda #Oneindia news
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Iraq's recent criminalization of LGBT individuals, Google's controversial actions against protesters, Hamas's release of footage featuring hostages, and more are discussed in this Oneindia News video. Stay updated on the latest developments by watching now!
#OneindiaInternationalNews #IraqCriminalisesSame-Sex #SundarPichai #HamasHostageVideo #CapriIsland #ElonMusk #Geopolitics #Oneindia
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France's foreign minister announced plans to engage in discussions with Lebanese officials on Sunday to address tensions between Hezbollah and Israel and prevent potential conflict. Earlier this year, Foreign Minister Stephane Sejourne proposed a plan that involves Hezbollah pulling back 10 km from the Israeli border while Israel halts strikes in southern Lebanon. This proposal, discussed with partners including the U.S., aims to maintain momentum amid Israeli threats of military action in southern Lebanon. Tensions have escalated, particularly following Iran's missile strikes on Israel in response to events in Syria, leading to increased exchanges between Israel and Hezbollah.
#France #Lebanon #Hezbollah #Israel #WarPrevention #MiddleEast #Diplomacy #ConflictResolution #PeaceEfforts #InternationalRelations
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Learn about Lavender and Gospel, two advanced AI systems aiding Israel's military in tracking Hamas operatives in Gaza. These AI recruits have sparked debates over their ethical and legal implications. Stay informed on the latest developments in modern warfare.
#AI #AIinWar #IsraelHamasWar #IsraelHamasConflict #IsraelAIRecruit #Lavender #Gospel #GazaWar #Oneindia
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IMF Warns of Broad Global Impact, Due to Conflict in the Middle East.
According to 'The Guardian,' the International Monetary
Fund recently highlighted the risks of escalating
conflict in the Middle East with two new reports. .
The reports, titled World Economic Outlook (WEO) and the Global Financial Stability Review (GFSR), comes amid heightened fears of a war between Iran and Israel.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
The IMF reports that the escalating conflict comes at a time when financial markets have remained optimistic of a soft landing for the global economy.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
That soft landing, which would include lowering inflation, receding interest rates and would avoid a potential recession, could be threatened by the outbreak of war.
'The Guardian' reports that previous Middle East conflicts have resulted in significantly higher oil prices. .
Pierre-Olivier Gourinchas, the IMF’s economic
counsellor, said the organization was evaluating the
potential for another commodity shock from the conflict.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
The increased inflation that would
come from higher energy prices would
trigger a response from central banks that
would tighten interest rates in order to
secure inflation coming back to target,
and that would weigh down on activity, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
It would do so in a context in which,
in some countries, activity and growth
is already fairly weak, so that might
also have a strong effect there, Pierre-Olivier Gourinchas, IMF economic counsellor, via 'The Guardian'.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
According to Gourinchas, the impact of a 15% increase
in the price of oil, combined with higher shipping costs,
could result in a 0.7% increase in global inflation.
Gourinchas also warned that such
an increase would also bring down
business confidence and global investment.
Credit: Wibbitz Top Stories Duration: 01:31Published
The IMF team, led by Nathan Porter, expressed dismay at Pakistan's finance ministry for prematurely claiming fulfillment of structural benchmarks. Before completing their review, the team arrived to analyze economic data. The ministry's premature announcement left the IMF unable to provide feedback. Pakistan's finance minister assured such incidents wouldn't recur. Discussions continue for the release of the last $1.1 billion tranche, with speculation of a potential mini-budget to boost revenues.
#IMF #NathanPorter #PakistanEconomicCrisis #IMFPakistan #PakistanEconomy #IMFBailout #Worldnews #Pakistannews #Economynews #Oneindia #Oneindianews
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Why does the world need more women in the labour market and managerial positions? Kristalina Georgieva, the International Monetary Fund's Managing Director, shares her thoughts on the Global Conversation.
Credit: euronews (in English) Duration: 08:00Published
The pair were accused of providing information to Beijing that could be “prejudicial to the safety or interests” of the UK between late 2021 and February 2023.
Credit: euronews (in English) Duration: 01:00Published
Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing on Friday as he wrapped up a three-day visit to China dominated by contentious issues and warnings from his hosts of another “downward spiral” in relations. The two met Friday afternoon local time at the Great Hall of the People, an ornate and cavernous building next to Tiananmen Square. Blinken told Xi that President Joe Biden had sent him to China to “seek to deepen areas of cooperation as well as to responsibly manage the differences that we have.” Xi noted that this year is the 45th anniversary of the establishment of diplomatic relations between the United States and China, and said the two countries “should be partners rather than adversaries.”
#BlinkenXiMeeting #ChinaUSRelations #DiplomaticTalks #GlobalIssues #BilateralRelations #ForeignPolicy #Diplomacy #InternationalRelations #USChinaDialogue #XiJinpingMeeting
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As China strengthens trade and military ties with Russia amidst Western sanctions, NATO issues a stern warning, urging Beijing to halt its support for Russia's actions in Ukraine if it desires positive relations with the West. Explore the implications of this diplomatic standoff and the escalating tensions in this crucial geopolitical landscape.
#RussiaUkraineWar #RussiaChinaRelations #ChinaRussia #RussianStrikes #UkrainianStrikes #RussiaAttacksUkraine #UkraineAttacksRussia #FrontlineRegions #Oneindia
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Pakistan plans to seek a $6 billion IMF loan to repay looming debts. The federal budget allocates $2.5 billion from the IMF, as Pakistan faces a $22 billion debt burden with reserves covering just one..
A Chinese research ship, Xiang Yang Hong 03, has arrived in the Maldives, causing renewed concerns in the region and raising questions about its activities in the Indian Ocean.
#XiangYangHong03..
Maldives faces a severe economic crisis with mounting debt, reaching nearly USD 4.038 billion, prompting President Muizzu to seek aid from China and Middle Eastern nations. Despite delays in Chinese..
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