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Experts say it’s time for the United States to focus on its own flaws first

Adam Layaan Kurik Riza

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The key to more harmonious economic ties is to acknowledge that China’s development would not jeopardize Western well-being, and “it may be time for the United States to focus on domestic economic policy first,” according to nonpartisan international affairs think tank in a recent essay.

Yukon Huang, a senior fellow at the Carnegie Endowment for International Peace’s Asia Program, said in a column on the Carnegie Endowment for International Peace’s website on Thursday that the United States trade war with China has not resulted in significant economic gains for any country.

Despite protests from the business sector in the United States, U.S. President Joe Biden has so far ratcheted up his predecessor’s policies by forging anti-China coalitions and imposing new penalties, according to the article.

“The challenge today is to avoid a self-defeating cold war by working inside the international economic system to arbitrate and calm tensions,” Huang added.

If the US wants to “preserve its technological and moral power,” it must first address domestic economic and political vulnerabilities, according to Huang, who added that whining about China’s “unfair policies” will be futile.

Source: Xinhua News Agency

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Hopes rise for possible truce as Gaza conflict nears 7th month

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Israel is set to send a delegation to Cairo for talks with Hamas on a new ceasefire proposal aimed at securing the release of hostages held in Gaza as the conflict lingers on for nearly seven months now.

The delegation, composed of security officials, will depart on Tuesday to discuss the deal with Egyptian brokers, an Israeli government source told Xinhua.

A Hamas delegation left Egypt after the talks and will “return with a written response” to the latest truce proposal, according to Egyptian sources quoted by Al-Qahera News, a site also linked to Egyptian intelligence services.

Abdul Latif al-Qanou, a spokesman for Hamas, said on Monday in a statement that “ensuring a permanent ceasefire is a fundamental cornerstone for moving towards the details of negotiations and the success of the agreement with the Israeli occupation.”

According to the Israeli state-owned Kan TV, in the revised proposal, Israel has agreed to reduce the number of hostages it demands to be released to 33.

Israel initially insisted that Hamas release a minimum of 40 hostages but altered its position upon learning that the actual number of surviving hostages was below 40.

Speaking on Monday at a World Economic Forum meeting in Riyadh, Saudi Arabia, Egyptian Foreign Minister Sameh Shoukry said Egypt was hopeful about a proposal for a truce and the release of hostages, but awaiting responses from Israel and Hamas.

“We are hopeful the proposal has taken into account the positions of both sides, has tried to extract moderation from both sides, and we are waiting to have a final decision,” Shoukry said.

A Palestinian official close to mediation efforts told Reuters: “Things look better this time,” but declined to say whether an agreement was imminent.

Israel’s military operation to eradicate Hamas has killed at least 34,480 Palestinians and wounded 77,643, according to Gaza’s health authorities. It has displaced most of the Palestinian enclave’s 2.3 million people and laid much of the area to waste.

The campaign was triggered by the October 7 attack on Israel in which Hamas militants killed 1,200 people and took 253 hostages, according to Israeli tallies.

The conflict has brought Gaza to the brink of famine, United Nations and humanitarian aid groups say, while reducing much of the territory to rubble and raising fears of a wider regional conflict.

High temperatures in crowded Rafah have turned makeshift shelters made from plastic tarps into sweltering ovens. The UN has warned of diseases spreading.

Source(s): CGTN

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Investor confidence boosted with election win: Minister Saeed

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Minister of Economic Development and Trade Mohamed Saeed on Monday, has said investor confidence boosted significantly following ruling party’s victory in the recent parliamentary election.

The minister made these remarks at the ‘World Economic Forum’ held in Saudi Arabia, where he emphasized the importance of investors in sustainable development.

“Sustainable development is not about saving the post cards of Maldives for later, but about bringing the developmental vision, funds, and technology by investors without hesitance,” Minister Saeed said.

In relation to this, Saeed said on X that President Dr. Mohamed Muizzu’s vision is to increase the renewable energy infrastructure in the Maldives, which would positively impact the country’s economy.

He further highlighted growing popularity towards the developmental vision of President Dr. Muizzu.

The results of last Sunday’s parliamentary election show ruling PNC securing 66 seats, thereby becoming the parliament’s majority party.

Source(s): sun.mv

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Fushidhiggaru project ongoing, will finish on time: Government

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The Maldives government on Sunday assured Fushidhiggaru reclamation project, a key initiative under the vision of President Dr. Mohamed Muizzu, has not stalled and would be completed on the scheduled date.

President’s Office Chief Spokesperson Heena Waleed confirmed this on Sunday at a press conference, while providing details on other government initiatives.

The state has responded about the large-scale development project amid speculation in social media and by political opponents, claiming the initiative has stalled.

In response, Heena highlighted that the sand dredging in the project is currently on pause, stressing this was not indicative of the entire project being halted.

“I would like to ask, if they gauge the ongoing status of a capacity based on whether sand dredging is ongoing or not. Although sand dredging has stopped, there would be several other associated components of the project that requires attention and execution,” Heena commented.

She further said the project requires administrative and other work, all of which, she added, were ongoing.

“In response, I would like to reply that the Fushidhiggaru project has not stalled, it is ongoing. The project would conclude as per the scheduled date announced by the President,” she said.

Under the large-scale development project, 1,153 hectares of land will be reclaimed, which is thrice the combined size of Hulhumale’ Phase I and II.

The iniatiative commenced officially on December 18, 2023 while the Maldives President assured the reclamation component will conclude within eight months from the date of commencement.

Source(s): sun.mv

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