Russia on Sunday defaulted on its foreign debt for the first time since 1918 after the grace period on its $100 million payment expired, according to reports. The $100 million interest payment deadline due to be met by the Kremlin had initially been set to May 27 but a 30-day grace period was triggered after investors…
Russia ‘Defaults on Foreign Debt’ for First Time Since 1918 Amid Western Sanctions
G-7 Leaders Announce $600 Billion Global Infrastructure Program to Take on Beijing’s Debt Trap Diplomacy
June 27, 2022
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Leaders from the Group of Seven (G-7) representing the world’s wealthiest democracies announced on June 26 that $600 billion would be allocated for global infrastructure programs to counter the Chinese regime’s expansion through its financing of enormous loans to poor countries for building infrastructure. U.S. President Joe Biden and other G-7 leaders pledged to raise…
G7 Leaders Announce $600 Billion Global Infrastructure Program to Take on Beijing’s Debt Trap Diplomacy
June 27, 2022
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B3Wbelt and road initiativeChinaEuropeExecutive BranchG7InternationalInternational RelationsPoliticsUSWorld
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Leaders from the Group of Seven (G7) representing the wealthiest democracies announced $600 billion for global infrastructure programs on June 26 to counter the Chinese regime’s expansion through its financing of enormous loans to poor countries for building infrastructure. U.S. President Joe Biden and other G7 leaders pledged to raise $600 billion by 2027 for the…
37,000 Claims Await Processing at Australia’s Veteran Affairs
A recently unearthed report reveals that Australia is dealing with a huge backlog of compensation claims from servicemen and women. The Department of Veteran Affairs’ claims process diagnostic compiled by McKinsey Consulting revealed that as of December 2021, the Department was processing 17,000 claims, with another 37,000 on hold because the body did not have…
4 Killed, Hundreds Injured as Stand Collapses During Colombian Bullfight
BOGOTA, Colombia—Four people were killed and about 70 injured on Sunday when part of a stand collapsed at a bullring in the town of El Espinal, Colombia, provincial officials said. Videos posted on social media showed the section of the stand toppling forward into the ring, where locals were participating in a bull-running event tied…
Society Losing Its Values, Becoming More Self-Centered, Pleasure-Driven: Veteran
June 27, 2022
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A veteran affairs advocate says Australian society is no longer driven by values, and instead has become focused on self-interest, profit, and pleasure. Heston Russell, himself a former special forces operative who has embarked on over 200 missions, says Australian servicemen and women are often confronted with a culture shock when they leave the armed…
Why We Have Presumption of Innocence
Commentary The presumption of innocence in criminal proceedings, often expressed in the phrase “innocent until proven guilty,” is an ancient tenet of our justice system. Like many legal principles, it has its origins in Christian values of fairness and justice. Perhaps the first iteration of the principle was expressed in the 6th century AD in…
Chinese Ambassador Asks Australia’s Taxpayer-Funded ABC to Report More Positively on China
June 26, 2022
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China’s ambassador to Australia Xiao Qian on Friday visited the headquarters of the Australian Broadcasting Corporation (ABC) in Sydney as he encouraged the taxpayer-funded media organisation to adopt a more Beijing-friendly narrative. Xiao was greeted by the ABC’s top figures, including ABC News Deputy Director Gavin Fang and Director of Domestic and International Editorial Department…
Avalanche Dethrone Lightning to Win Stanley Cup for 3rd Time
TAMPA, Fla.—The Colorado Avalanche are back atop hockey’s mountain after dethroning the two-time defending champions. Behind a goal and an assist from Nathan MacKinnon, the Avalanche won the Stanley Cup for the third time in franchise history and first in more than two decades by beating the Tampa Bay Lightning 2-1 in Game 6 of…
High Commodity Prices Drive Australian Budget Improvement in May
The Australian federal budget improved considerably in May due to the extraordinarily high prices of the country’s commodities. In the latest monthly financial statement released by the Department of Finance, the underlying budget deficit reached $33.4 billion (US$23.11 billion) in the month, much lower than the $60.5 billion previously predicted in the 2021-2022 Revised Budget….
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