Strengthening economic union in Europe
Many still question the sustainability of single currency union in Europe after the shocks and after shocks of the financial crisis. Several efforts of bailout through economic loans have given bleak picture of future economy in Europe. There are threats that countries might move out of economic union. As...
Superpower or super-problems
ECONOMISTS predict China will overtake the US to become the world’s largest economy by mid this century, if its unprecedented growth continues with the same pace as in last few decades. Alongside the economic boom, questions have also been raised as to whether this prosperity has reached the citizens...
The troubled Europe
While leaders at the mainland Europe take one more step towards creating a full scale banking union, not a troubled nation like Greece but a stable nation like United Kingdom is talking a breakaway from the union. Earlier, Greek communist party, which emerged as second biggest party in the...
Asian markets fear Federal Reserve’s move
Ripples of US’s growth forecast is felt in Asia. The stock markets in Asia fell Thursday as investors registered dismay at initiative taken by the Federal Reserve to try to invigorate the stalled US recovery. After a prolong debate on Wednesday, the Federal Reserve said it was extending a...
Diplomats’ crowd in Thimphu
The Bhutanese media remain silent, or remain unknown, but diplomats from 16 countries, mostly based in New Delhi and Dhaka visited Bhutan in last week of May. Diplomats from Lithuania, Ethiopia, Albanian and Dominican Republic, all based in New Delhi, met with Prime Minister Jigmi Thinley in Thimphu on...
Jhapa eyes India-bound Bhutan surplus power
Raju Adhikari JHAPA, May 30: Businessmen and politicians in Jhapa have proposed to the government to import the surplus from the electricity that India buys from Bhutan to provide relief from load-shedding in the district. The businessmen and political leaders, who have already furnished a formal proposal to the...