by Jenny VAUGHAN / Joe Freeman India said Monday it would not join a sprawling Asian trade pact, dealing a blow to the China-backed deal at the end of a Bangkok summit held against a backdrop of global growth fears. The Regional Comprehensive Economic Partnership (RCEP) was meant to account for 30 percent of global […]

by Patrick GALEY / AFP Carbon-heavy development in countries part of China’s Belt and Road Initiative could render the Paris climate goals unreachable, according to a new analysis on the gargantuan global infrastructure project released Monday. The massive network of ports, railways, roads and industrial parks spanning Asia, Africa, the Middle East and Europe will […]

Sri Lanka’s central bank cut its main lending rate Friday for the second time in three months hoping to lift the economy as its struggles in the wake of the devastating Easter attacks that hit the key tourism sector. The Central Bank of Sri Lanka (CBSL) said the rate at which it lent to commercial […]