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2:03 AM

US, Taiwan to push an alternative to China's Belt and Road Initiative

An informal US-led alliance to provide an alternative to China’s Belt and Road Initiative will provide greater transparency to countries seeking funding to develop their infrastructure, Taiwan’s finance minister said.

 

Taiwan and the US are moving ahead with a plan to finance infrastructure and energy projects in Asia and Latin America, using capital raised from the private sector to ensure greater transparency, Minister Su Jain-rong said in an interview Wednesday in Taipei. He said he hopes to see the first projects start within the next year or two.

2:03 AM

China slaps up to 200% tariffs on Australian wine as relations nosedive

China is set to impose anti-dumping duties of more than 100 per cent on Australian wine from this weekend, adding to a series of sweeping trade reprisals this year and further escalating tensions with Canberra.
 

The anti-dumping deposits will take effect November 28 and range from 107.1 per cent to 212.1 per cent, the Chinese Ministry of Commerce said. Australia responded by warning Beijing that its actions could create a perception among businesses and countries around the world that trade with China is risky.

12:14 AM

US appeals court rejects Trump appeal over Pennsylvania race

A federal appeals court in Philadelphia on Friday rejected President Donald Trump's latest effort to challenge the election results in a case that could reach the US Supreme Court if Trump appeals.

 

The 3rd U.S. Circuit Court of Appeals echoed a string of other courts in finding the Trump campaign offered no evidence of any election fraud. Instead, the court said the campaign's claims have no merit. Free, fair elections are the lifeblood of our democracy.

 

Charges of unfairness are serious. But calling an election unfair does not make it so. Charges require specific allegations and then proof. We have neither here, Judge Stephanos Bibas, a Trump appointee and former law school professor, wrote for the three-judge panel.

 

The case had been argued last week in a lower court by Trump lawyer Rudy Giuliani, who insisted during five hours of oral arguments that the 2020 presidential election had been marred by widespread fraud in Pennsylvania. However, Giuliani failed to offer any tangible proof of that in court.

12:14 AM

Rahul Gandhi holds virtual meet with Bengal leaders to discuss Left-Congress alliance for 2021 polls

11:39 PM

BJP releases election manifesto for BTC polls, promises all- round development

The BJP on Friday released its election manifesto for the upcoming Bodoland Territorial Council elections in Assam in December, promising all-round development in BTC, including according equal importance to Assamese and Bodo languages.

 

The manifesto for the two-phase BTC elections on December 7 and 10 was released in Kokrajhar in presence of the party's state president Ranjit Dass, and NEDA convener and cabinet minister Himanta Biswa Sarma, among others.

 

Sarma said the saffron party has emphasised on 50 issues of the BTC region.

11:24 PM

India to host its maiden SCO Heads of Government Summit on Nov 30. Meet to focus on Covid challenges

11:19 PM

Cyclone Nivar: PM Modi speaks with Tamil Nadu CM; kin of deceased to get Rs 2 lakh, injured Rs 50,000

10:57 PM

Nitish deplores Lalu's 'attempts' at poaching NDA legislators

Bihar Chief Minister Nitish Kumar on Friday expressed disgust over his arch rival Lalu Prasad's alleged attempts at poaching MLAs of the NDA and warned that the latter's antics would only "harm" the opposition Rashtriya Janata Dal.

 

Kumar also hinted that he was privy to information about the jailed RJD chief's machinations, and asserted that the NDA in Bihar, which enjoyed a majority, would grow stronger as Independent members may support it.

 

"People receiving telephone calls... with enticements like ministerial berths. What type of conduct is this? There has to be a place for maryada (propriety) in politics," Kumar told reporters outside the Vidhan Sabha premises.

 

Both Houses of the legislature were adjourned sine die after a five-day session of the newly constituted assembly.

10:11 PM

China's factory growth likely edged up in November

China's factory activity likely expanded at a slightly faster pace in November, a Reuters poll showed on Friday, as the world's second-largest economy steadily recovers from the coronavirus crisis.

 

The official manufacturing Purchasing Manager's Index (PMI) is expected to rise slightly to 51.5 in November from October's 51.4, according to the median forecast of 22 economists polled by Reuters. A reading above 50 indicates an expansion in activity on a monthly basis.

 

China's vast industrial sector is steadily returning to the levels seen before the pandemic paralysed huge swathes of the economy early this year. Premier Li Keqiang said on Tuesday he expects economic activity to return to a reasonable range next year.

 

Profits at industrial firms grew in October for a sixth consecutive month and at their quickest pace since early 2017, data showed on Friday.

10:08 PM

After clash, farmers allowed to enter Delhi; Burari ground new epicentre of protest