China Plans $1 Trillion Buying Spree to Reduce US Trade Deficit

BEIJING, China — According to Bloomberg, China has offered to significantly boost its purchase of U.S. goods over a six-year period in an effort to re-balance trade between the two superpowers. Last year, Beijing’s surplus with the U.S. stood at $323 billion. By increasing its annual imports from the United States, Beijing would reduce its…

Stefan Löfven officially reappointed as Swedish Prime Minister

STOCKHOLM, Sweden — Social Democrat leader Stefan Löfven has officially been reappointed to his title as the Prime Minister of Sweden, after parliament voted on the proposal on Friday. The Riksdag voted in favour of the Speaker’s proposal in the Chamber. President of the European Council, Donald Tusk, sent a letter of congratulations to Stefan…

Opposition candidate Felix Tshisekedi declared winner of Congo’s election

DEMOCRATIC REPUBLIC OF THE CONGO — The Democratic Republic of the Congo electoral commission declared Felix ­Tshisekedi the winner of a contentious presidential election. Tshisekedi’s win was announced almost two weeks after the Dec. 30 election. He garnered just under 40 percent of votes cast in a field of 21 candidates. He will replace Joseph…

China grants first export licence for Finnish fish products

BEIJING, China — In connection with an export promotion visit by the Finnish Food Authority and Permanent Secretary Jaana Husu-Kallio from the Ministry of Agriculture and Forestry, China has granted its first export licence for Finnish fish products. The export authorisation granted by the Chinese authorities is specific to certain establishments, and it currently applies…

India Parliament Passes landmark Bill, approve jobs quota for less well-off

NEW DELHI, India — The Indian parliament passed a landmark bill on Wednesday reserving 10 percent of government jobs for people outside high income brackets. Under the new amendment to the constitution, floated by Modi’s party days after those state defeats, people with an annual income below 800,000 rupees (8,891 pounds) and owning fewer than…

India Prime Minister sends his to participants in Khelo India Youth Games

NEW DELHI, India — India’s Prime Minister Shri Narendra Modi sent out his wishes today for all of the participants of the Khelo India Youth Games which are being held in Pune (India) today. “My best wishes to all young friends taking part in the Khelo India Youth Games, which are beginning in Pune today….

China’s Zijin to sell $1.2B worth of shares to fund Nevsun takeover

PEOPLE’S REPUBLIC OF CHINA — China’s No.1 gold producer Zijin Mining plans to issue 8 billion yuan (about $1.2 billion) worth of shares in Shanghai to finance the acquisition of Canada’s Nevsun Resources. Zijin Mining aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to…

Jair Bolsonaro Sworn In As President Of Brazil

BRAZIL, South America — Brazil officially has a new President as Army captain and right-wing populist, Jair Bolsonaro, was sworn in as Brazil’s president on Tuesday. The 63-year-old, Bolsonaro, took the oath of office at 3:10 pm local time at a ceremony held at the National Congress building in the capital Brasilia along with his…