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BUSINESS

Russia defaults on foreign debt for first time since 1918

Giulia Morpurgo and Libby Cherry of Bloomberg News, Published on 27/06/2022

» NEW YORK: Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.

BUSINESS

Lancang-Mekong 'soft connectivity'

Asia focus, Duan Haosheng and Liu Yunkang, Published on 30/05/2022

» China has collectively consulted, contributed to and shared in the development of the Lancang-Mekong region with the five Mekong countries -- Thailand, Myanmar, Cambodia, Laos and Vietnam -- over the past five years, helping to promote economic sustainability and connectivity.