New Delhi: Questioning the China Pakistan Economic Corridor (CPEC) project, the United States on Friday (November 22) warned Pakistan of its ill-effect on its economy. The US said the project, a form of financing ensuring guaranteed profits for Chinese state-owned enterprises, and pointed out that the multi-billion dollar project is certain to take a toll on Pakistan's economy at the time of the repayment of the debt and dividend in the coming years. US Acting Assistant Secretary for South and Central Asian Affairs Alice Wells said that the lack of transparency in the CPEC could foster corruption and increase the project cost, thereby resulting in an even heavier debt burden for Pakistan. Speaking at an event at the Wilson Center here on China's Belt and Road Initiative (BRI) in South and Central Asia, Wells said that the lack of transparency in the CPEC could foster corruption and increase the project cost, thereby resulting in an even heavier debt burden for Pakistan. "Because it is … [Read more...] about United States warns Pakistan of CPEC project, says it will take toll on its economy
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Lucknow: Samajwadi Party chief Akhilesh Yadav on Sunday raised questions on the prospective outcomes of the talks between Prime Minister Narendra Modi and President Donald Trump and said that they will be skewed to benefit the US. "The 'Howdy, Modi!' event is being overhyped. The real question is what will be the outcome of the talks between Prime Minister Modi and President Trump," Yadav said. "It has been heard that the deal is going to include a proposal which will translate to imports of food items, electronics etc. from the US. Our exports to the US will thus suffer and rupee will be further weakened against the dollar," he added. Yadav further said that the US is wooing India because of its ongoing trade war with China. "US faces threats on the economic front from China. This is the reason why it is appeasing the next biggest market in the world which is India," he said. Prime Minister Narendra Modi on Friday departed for a week-long visit to the United States with an aim … [Read more...] about PM In US: Modi-Trump Talks Will Favour Only The United States, Says Akhilesh Yadav
In recent weeks, the Trump administration has stepped up its campaign to persuade, or if necessary strongarm, South Korea into increasing its payments in support of the roughly 30,000 American troops normally stationed on the peninsula.South Korea now pays the United States about $1 billion a year to help support the military based in its territory, a modest increase of about 10 percent from earlier years that Seoul agreed to make after earlier pressure by the Trump administration. This “host nation support” payment covers most local costs of American forces in South Korea for things like land, utilities, housing, construction, and some labor. It does not cover their salaries or equipment. South Korea has also paid for about 90 percent of the costs associated with relocating many American troops from areas in and near Seoul to Camp Humphries some 50 miles south.Now President TrumpDonald John TrumpWatergate prosecutor says that Sondland testimony was 'tipping point' for … [Read more...] about What is going on with the United States alliance with South Korea?
Thanks to Equifax, as many as 143 million people in the United States are well aware of the harsh realities of data breaches. In 2017 alone, 551 data breaches affected organizations, with over 1.9 billion files leaked. To find out the industries most vulnerable to data breaches, Citrix ShareFile collected data from the Privacy Rights Clearinghouse and the 2017 “Cost of Data Breach Study” by the Ponemon Institute, in partnership with IBM Security. The result is a pretty terrifying game called: Which Industry Is Going To Leak Your Data Next? According to their research, healthcare is the most vulnerable industry, with 328 leaks (nearly 60% of all leaks in 2017) at an estimated cost of almost $1.2 billion. The technology industry earns the title for most number of files hacked–more than 1.75 billion in total. As for how theses data breaches happen, most of them were the result of hacking, the report says. Rounding out the top three causes were unintended … [Read more...] about These industries are the most vulnerable to data breaches in the United States
FILE - In this Oct. 4, 2011, file photo, a core sample drilled from underground rock near Ely, Minn., shows a band of shiny minerals containing copper, nickel and precious metals, center, that Twin Metals Minnesota LLC, hopes to mine near the Boundary Waters Canoe Area Wilderness in northeastern Minnesota. Minnesota officials say they will do a state environmental impact statement for a proposed copper-nickel mine upstream of the Boundary Waters Canoe Area. less FILE - In this Oct. 4, 2011, file photo, a core sample drilled from underground rock near Ely, Minn., shows a band of shiny minerals containing copper, nickel and precious metals, center, that Twin Metals ... more Photo: Steve Karnowski, AP Photo: Steve Karnowski, AP Image 1 of / 1 Caption Close Image 1 of 1 FILE - In this Oct. 4, … [Read more...] about Minnesota to do state review of proposed copper-nickel mine
SAN FRANCISCO — Despite a trade war between the United States and China and past admonishments from President Donald Trump “to start building their damn computers and things in this country,” Apple is unlikely to bring its manufacturing closer to home. Cook helped lead Apple’s shift to foreign manufacturing in 2004, a move that cut costs and provided the enormous scale necessary to produce some of history’s best-selling tech products. Cook often bristles at the notion that iPhones are Chinese-made. Apple points out that Corning, at a factory in Kentucky, makes many iPhone screens and that a company in Allen, Texas, makes laser technology for the iPhones’ facial-recognition system. A former Apple manager who spoke on the condition of anonymity said the Flextronics team had also been far smaller than what he typically found on similar Apple projects in China. It was unclear exactly why the project was understaffed, the manager said, speculating … [Read more...] about A Tiny Screw Shows Why iPhones Won’t Be ‘Assembled in USA’