China dodges request on debt relief, says ball in Lanka’s court - The Daily Guardian
Connect with us

News

China dodges request on debt relief, says ball in Lanka’s court

Published

on

China and Sri lanka

China, Colombo’s largest bilateral lender dodged the request for debt relief and said that the ball is in Sri Lanka’s court. 

A spokesman for the Chinese embassy said that the ball is in Sri Lanka’s court, not China’s, reported Sri Lankan publication Daily Mirror. “We sent proposals to the Finance Ministry. But, there was no response from them. Also, Sri Lanka insisted that it should complete the agreement with the International Monetary Fund (IMF) first. The ball is in Sri Lanka’s court,” the spokesman said. 

The spokesman told Daily Mirror China communicated to the Sri Lankan Finance Ministry three months ago about its readiness to discuss how to address the debt issue with the Chinese banks. 

He said China encouraged its banks to discuss it. The Chinese position was also communicated during the telephone conversation between Chinese Premier Li Keqiang and then Sri Lankan Prime Minister Mahinda Rajapaksa. Sri Lankan President Ranil Wickremesinghe urged China on Thursday to restructure its debt. “We have informed the Chinese Government of the need to restructure the debt and the need for all the creditors to ‘sing from the same hymn sheet’,” Wickremesinghe told Nikkei Asia.

The appeal to China has emerged as a formidable challenge to Wickremesinghe, who is leading the country’s financial team as it attempts to rebuild an economy starved of foreign reserves and mired in misery, reported a Sri Lankan publication, The Morning.

Sri Lanka’s total bilateral debt was estimated at USD 6.2 billion at the end of 2020 by the IMF, reported Daily Mirror.

The Daily Guardian is now on Telegram. Click here to join our channel (@thedailyguardian) and stay updated with the latest headlines.

For the latest news Download The Daily Guardian App.

News Plus World

Swedish geneticist Svante Paabo receives Nobel Prize in Medicine

Published

on

Swedish geneticist Svante Paabo receives Nobel Prize in Medicine

The Nobel Prize in Medicine or Physiology 2022 was awarded to Svante Paabo for his discoveries concerning the genomes of extinct hominins and human evolution, announced the award-giving organisation on Monday.
“The Nobel Assembly at Karolinska Institute has today decided to award the 2022 Nobel Prize in Physiology or Medicine to Svante Paabo for his discoveries concerning the genomes of extinct hominins and human evolution,” read the Nobel Prize statement. The 2022 Nobel Prize laureate Svante Paabo found that gene transfer had occurred from the now extinct hominins to Homo sapiens.
This ancient flow of genes to present-day humans has physiological relevance today, for example affecting how our immune system reacts to infections, the statement said.
Svante Paabo has established an entirely new scientific discipline, pale genomics. By revealing genetic differences that distinguish all living humans from extinct hominins, his discoveries provide the basis for exploring what makes us uniquely human.
Through his pioneering research, Svante Paabo accomplished something seemingly impossible: sequencing the genome of the Neanderthal, an extinct relative of present-day humans. He also made the sensational discovery of a previously unknown hominin, Denisova, entirely from genome data retrieved from a small finger bone specimen.
Importantly, Paabo also found that gene transfer had occurred from these now extinct hominins to Homo sapiens following the migration from Africa around 70,000 years ago, the statement read. Svante Paabo is a Swedish geneticist specialising in the field of evolutionary genetics who was recruited to the University of Munich in 1990, where, as a newly appointed Professor, he continued his work on archaic DNA.

Continue Reading

News Plus

After Queen’s demise, here’s what royal family’s new portrait looks like

Published

on

After Queen’s demise, here’s what royal family’s new portrait looks like

The new family portrait of Britain’s Royal Family has been unveiled. Buckingham Palace has shared the new photo of King Charles III with Queen Consort Camilla Parker Bowles, Prince William and Kate Middleton.
According to Page Six, the photo was clicked the night before the Queen’s funeral. The photo was posted on social media through the royal family’s official account and was clicked by photographer Chris Jackson.
In the photo, Kate Middleton is seen wearing a long-sleeved black dress along with black tights and pumps. Prince William, on the other hand, opted for a classic suit.
Camilla Parker Bowles wore a black embroidered dress, while King Charles III also wore a classic suit like his son.
According to Page Six, the photo was taken at the pre-funeral reception that Buckingham Palace hosted a day prior to the funeral of the Queen, where many world leaders, including US President Joe Biden, were also present.
Many people noticed the absence of Harry and Meghan from the family portrait on social media.
Britain’s longest-serving monarch died hours after the palace said that the Queen was under medical supervision at Balmoral after the doctors expressed their concern over her health.
Her death was followed by 10 days of official mourning and a grand procession of events that were followed around the world, culminating in her state funeral in London and burial at Windsor.
The coffin of Queen Elizabeth II was lowered into the Royal Vault at Windsor Castle in London after the committal service.

Continue Reading

News Plus World

Imran challenges Pak govt to arrest him over leaked audio

Published

on

Imran challenges Pak govt to arrest him over leaked audio

As the controversy regarding the leaked audio continues in Pakistan, former Prime Minister Imran Khan has challenged the coalition government led by the Pakistan Muslim League (N) to arrest him.
At a public gathering in Taxila, Punjab on Sunday, the deposed leader said PML-N vice-president Maryam Nawaz wanted the cypher to disappear in a bid to hide the conspiracy hatched by PM Shehbaz Sharif’s party. “This is the movement of real independence and we are ready to face jails. I am ready to go to jail and for my nation as well. “We are not afraid of jail,” he was quoted as saying by The Nation.
The cypher is an alleged secret diplomatic cable which fueled conspiracy theories that the US administration wanted to topple Imran Khan’s government and facilitate regime change in the country.
The cypher is based on then-envoy Asad Majeed’s meeting with US State Department official Donald Lu, who has been at the centre of PTI’s claim that the US conspired to dislodge Imran from office in April.
During his address, Khan said, “They have started a new drama regarding the disappearance of the cypher while its master copy is in the office of the Ministry of Foreign Affairs. Maryam Nawaz can ask her ambassador about it, “he added.
While referring to the Pakistan army, he said, “Those who could prevent the conspiracy from succeeding, if they call themselves neutral at this time, the nation will never forgive them.” Pakistan’s Federal Cabinet has formally given the go-ahead to start legal action against former PM Imran Khan over the recent audio leaks that purportedly featured him and his aides discussing a US cypher.
On Friday, the Pakistan federal cabinet met with Prime Minister Shehbaz Sharif in the chair.

Continue Reading

News Plus

‘With Grateful Recognition’: How an Indian American bagged Lifetime Achievement award in U.S.

Published

on

‘With Grateful Recognition’: How an Indian American bagged Lifetime Achievement award in U.S.

Vivek Lall, an Indian-origin General Atomics Global Corporation chief executive, is honoured with the Lifetime Achievement Award by US President Joe Biden with a citation of ‘With Grateful Recognition’.
The citation was given to Lall, who has a PhD in Aerospace Engineering from Wichita State University in Kansas, by AmeriCorps and the Office of the President. It was also personally signed by the President of the United States, as per the official statement.
AmeriCorps is a part of the US government. The organisation aims to foster activities that bring Americans closer together to “serve communities.”
Lall, an industry leader and scientific community titan, works as Chief Executive at General Atomics. The company is a global leader in the specialised fields of nuclear technology and has developed state-of-the-art Unmanned Aerial Vehicles (UAVs) like the Predator, Reaper and Guardian drones.
Lall, the son of an Indian diplomat, was one of the handful of individuals with Indian origins to have been invited to meet Indian Prime Minister Narendra Modi this past year during his Washington visit.
Notably, prior to his leadership position at General Atomics, Lall worked for organisations such as NASA, Raytheon, Boeing, and Lockheed Martin; his experience and accolades have been regarded as unparalleled by many in the scientific community and long-term industry observers alike.
He is serving as a US Technical Team Member for the North Atlantic Treaty Organisation (NATO) Science and Technology (STO) with the Pentagon.
He was appointed in a critical advisory role to the US Cabinet Secretary, heading the Department of Transportation, encompassing entities like the Federal Aviation Administration (FAA), in 2018. 

Continue Reading

News Plus

No digital twin for Bruce Willis

Published

on

No digital twin for Bruce Willis

Hollywood star Bruce Willis has denied selling the rights of his face to an AI company to create his ‘digital twin’.
According to Deadline, it was widely reported last week that the actor sold the rights to his face to a Russian deepfake company called Deepcake.
This would have allowed them to create a ‘digital twin’ for the actor, who retired in March following his diagnosis of aphasia, a condition affecting a person’s speech.
According to Deadline, Willis’ spokesperson denied any kind of partnership or agreement with the company this weekend. Deepcake confirmed this to a British news outlet.
Deepfake companies use artificial intelligence to create realistic simulations of famous figures.
A deepfake of Willis appeared in an advert for a Russian telecoms company last year.
Deepcake claims to have worked with the actor on the AI for the ad and used a glowing recommendation from him on their website, but Willis’s people did not confirm this, as per Deadline.
This comes after ‘Star Wars’ veteran James Earl Jones handed over the rights of his unique Darth Vader tones to another AI company, Respeecher, indicating that he was retiring from the role, and passing the baton through use of technology.

Continue Reading

News Plus World

Taiwan disapproves of China’s false claims about its sovereignty

Published

on

Taiwan disapproves of China’s false claims about its sovereignty

Taiwan on Sunday rebutted Chinese Premier Li Keqiang’s remarks about the Chinese Communist Party’s (CCP) resolve to achieve unification and said that it sought to undermine the legitimacy of Taiwan.
Taiwan will never accept Beijing’s attempts to undermine its sovereignty, the Mainland Affairs Council (MAC) said yesterday, after the Chinese Communist Party (CCP) at its National Day celebrations in Beijing vowed to achieve unification with Taiwan, reported Taipei Times. The council said the statement was an attempt to undermine the legitimacy and sovereignty of Taiwan. “We will never accept such ideas,” it said.
The CCP’s statement was not conducive to peaceful cross-strait relations, the council said, reported Taipei Times.
The event, hosted by the Chinese State Council, featured Chinese President Xi Jinping, Chinese Premier Li Keqiang, the other five CCP Politburo Standing Committee members and Vice President Wang Qishan, among others.

Continue Reading

Trending