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This concept refers to how the North-South Transport Corridor, the Eastern Maritime Corridor, and the Northern Sea Route form a ring around Eurasia for facilitating bilateral trade as well as their trade with third parties. Joint Secretary in the Indian Shipping Ministry, S. Venkatesapathy told the Arctic-Regions Forum in Arkhangelsk in mid-August that India will send its first cargo ship through the Northern Sea Route (NSR) next year. RT’s…

European Commission President Ursula von der Leyen has acknowledged that the disappearance of cheap energy imports has undermined one of the foundations of Europe's economic model. The admission comes as European industries contend with energy prices she says remain two to three times higher than those faced by competitors in the United States and China. INR Report: Based on reporting by RT HERE. · For years, Europe's access to relatively…

The United States national debt has exceeded $40 trillion for the first time, doubling from roughly $20 trillion in January 2017. The milestone arrived months earlier than expected, with Treasury figures cited by RT putting the burden at around $119,000 for every American — and more than $366,000 for every federal taxpayer. INR Report: Based on reporting by RT HERE. · The United States has crossed a financial threshold that would have been…

American grain farmers are facing what industry representatives describe as their worst financial crisis since the 1980s, as disruption from the Iran conflict drives up diesel and fertiliser costs. The Financial Times, cited by RT, reports that growers of nine major US crops could collectively lose around $31 billion this year without federal assistance. INR Report: Based on reporting by RT, citing the Financial Times, HERE. · The economic…

Third time's the charm? The EU is determined to end its economic dependency on China, echoing previous calls to curb reliance on Russia and the United states. Local media in Ukraine uncover corruption at the highest levels, With the head of Zelensky's office named as a key figure in a multi-million dollar graft scheme. New rounds of IDF fire bring devastation in Lebanon. We speak with a grieving father, who is still coming to terms with the…

More than 2,000 humanoid robots and 666 teams have gathered in Beijing for a five-day competition featuring running, boxing and other physical challenges. Behind the spectacle, New Atlas argues that China’s real advantage may lie in an unusually integrated supply chain linking robotics with its automotive, battery, electronics and manufacturing industries. eLocal Report: Based on reporting by Bronwyn Thompson for New Atlas HERE. ([New…

Channel Infrastructure has lifted its earnings outlook as new fuel-storage capacity at the former Marsden Point refinery begins generating revenue. A new 15-year agreement with BP is expected to produce around $130 million in revenue, while government diesel storage and other projects further expand the site's role in New Zealand's fuel-security network eLocal Report: Based on reporting by RNZ HERE. · Channel Infrastructure is beginning to see…

The murder of Tūrangi mother Cheri-Lee Bell followed months of escalating harassment, threats and breaches of a protection order by her former partner. Lance Dickinson has now been sentenced to life imprisonment, with the court finding numerous aggravating features in the killing. eLocal Report: Based on reporting by Ric Stevens for the New Zealand Herald, republished by RNZ HERE. · Lance Dickinson has been sentenced to life imprisonment with…

A Waikato man previously imprisoned for serious child-sexual exploitation offending has been jailed again after objectionable material was found on his phone just weeks after his release. Michael John Loye received a 25-month prison sentence, with the court hearing that an extended supervision order is expected to apply again when he is released. Waikato Man Jailed After Child Exploitation Material Found Weeks After Prison Release · Michael…

ACT wants to fundamentally change the way New Zealand taxes cryptocurrency, promising that qualifying personal crypto gains would become tax-free once an asset had been held for more than 12 months. The party also wants exemptions for small everyday transactions and clearer rules for stablecoins and financial technology companies. eLocal Report: Based on reporting by Craig McCulloch for RNZ HERE. · ACT has unveiled a cryptocurrency policy that…