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Business & Economy

27 projects to be initiated in less-developed areas under CPEC’s second phase

BEIJING, June 21 (APP): A total of 27 projects would be initiated in six sectors in the less-developed parts of the country under the second phase of China-Pakistan Economic Corridor (CPEC), Chairman, Senate Foreign Affairs Committee, Senator Mushahid Hussain Sayed said.

With a focus on socioeconomic development, six areas have been identified for people-centric investment: health, education, agriculture, water and irrigation, poverty alleviation, and vocational training, he told chinadaily.com.cn.

Kremlin calls on everybody for restraint over Iran tensions

MOSCOW, June 21. /TASS/: Moscow keeps a close watch on the current tensions in the Persian Gulf and over Iran and calls on everybody to display restraint, Russian presidential spokesman Dmitry Peskov told the media on Friday.

"Tensions in the Persian Gulf are high and they cause extreme concern," he said when asked about another spiral of tensions between Iran and the United States.

"We keep a close watch on the situation and call on all countries concerned to display restraint," Peskov said.

EU leaders rule out reopening Brexit deal

BRUSSELS (AP) — European Union leaders are underlining that their divorce agreement with Britain cannot be renegotiated regardless of who becomes the next prime minister there.

At a summit of EU leaders Friday, Luxembourg Prime Minister Xavier Bettel said the current Brexit agreement “is the best possible deal.”

With Boris Johnson favorite to become next prime minister, Bettel says it makes no difference who takes office.

He says “it’s not possible (that) because you change the leader in the U.K. that we need to postpone decisions.”

Global airlines reroute flights after Iran downs US drone

DUBAI, United Arab Emirates (AP) — Major airlines from around the world on Friday began rerouting their flights to avoid areas around the Strait of Hormuz following Iran’s shooting down of a U.S. military surveillance drone there, as America warned commercial airliners could be mistakenly attacked.

EU members split over top job appointments

21 June 2019; DW: Leaders of the European Union's member states on Thursday struggled to break the deadlock over the bloc's key leadership positions.

Heads of government were gathered to decide on five top jobs — most notably who should succeed Jean-Claude Juncker as the next president of the European Commission, the EU's executive branch.

But despite talks extending into the early hours of Friday, the leaders deferred any decision on the posts until June 30.

Austria closes country roads to German travelers

21 June 2019; DW: Austria's Tyrol province announced on Thursday that it would restrict access to country roads for vehicles seeking to avoid its highways. The move has drawn the ire of officials in the state of Bavaria, which borders the western Austrian province, as the ban would affect southern Germany's summer cross country travelers.

US-India trade war - mulling caps on H-1B visas

United States is considering caps on H-1B work visas to about 15% of the quota for nations that force foreign companies to store data locally.

The warning comes as trade dispute between the US and India has resulted in a recent tit-for-tat tariff actions. India has imposed higher tariffs on some U.S. goods from Sunday in an apparent response to Washington’s withdrawal of a key trade privilege for New Delhi, and a higher tariffs on its steel and aluminum export.

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