The New Development Bank (NDB), also known as the “BRICS bank,” is in talks with Saudi Arabia on admitting the Middle Eastern nation as its ninth member, which would strengthen the NDB’s funding options amid the impact of the Russia-Ukraine conflict, according to media reports.
Biden skips two legs of trip, erodes US credibility globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.
The US President Joe Biden decided to curtail his upcoming trip to the Asia-Pacific by canceling a visit to Australia and Papua New Guinea due to the ongoing debt ceiling negotiations in Washington, which, some Chinese experts said reflects that Washington only treats its so-called allies and partners as chess pieces and instrument, and when its domestic issues override its political agenda, it easily turns back on its commitment.
China s consumer price index (CPI) edged up 0.1 percent in April, the National Bureau of Statistics (NBS) said on Thursday, showing a stable economic recovery, given effective measures taken to control consumer prices amid global inflation risks.