Afghans cast doubt on Kabul killing of Al-Qaeda chief

KABUL: Many Afghans portrayed shock or question on Tuesday (Aug 2) that Al-Qaeda’s chief had been killed in Kabul by an United States drone strike , saying they could not believe Ayman al-Zawahiri had been hiding in their midst. “It’s just propaganda, ” Fahim Shah, 66, a resident of theContinue Reading

Cocaine charge against fugitive Red Bull scion has lapsed

The charge associated with cocaine abuse delivered against Red Half truths heir Vorayuth “Boss” Yoovidhya during the high-profile hit-and-run case in 2012 has now lapsed because the statute of restrictions has expired under recent changes in order to narcotics offences laws and regulations, Office of the Attorney General spokesman Prayut Petcharakhun said on Tuesday.Continue Reading

War clouds gathering in Asian skies

SEOUL – US House Loudspeaker Nancy Pelosi is certainly expected to arrive in Taiwan this evening (August 2), just as South Korea and the US kick off two months of shared military drills on the Korean peninsula. Along with Taiwan being a hyper-sensitive touch point just for China, Beijing has been issuing dire alerts ahead of the rumored […]

The article Battle clouds gathering within Asian skies appeared 1st on Asia Times .

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US Fed puts China on edge of a liquidity trap

The volatility within the yuan over the last 7 days dramatizes the tough road ahead for your People’s Bank associated with China (PBOC).

PBOC Chief excutive Yi Gang invested the last six-plus several weeks trying to pull off the precarious balancing act: supporting flagging development while preventing surging global inflation from upending Asia’s greatest economy.

This feat gets harder by the day thanks to  Yi’s version in Washington, Jerome Powell . At Government Reserve headquarters, Governor Powell is scrambling to clean up a mess of his own development.

Because the Fed didn’t tighten when it could – say, 12 months back – it’s actively playing catchup on the worst inflation in 40 years. Right now, fears of recession have Powell on the tightrope the likes of which the Fed has never needed to navigate.

The post US Fed places China on edge of a liquidity snare appeared first on Asia Occasions .

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