Weapons of mass destruction in the future of Russia

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Chinese investment in Pakistan’s infrastructure driving country’s real estate growth

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Foreign investors are pouring more capital into Pakistani real estate as Chinese infrastructure investment improves the country’s accessibility   Rather than investing in the center of densely populated cities like Karachi, foreign investors are tending to create urban clusters in more peripheral locations The Pakistani property market has experienced growing interest in recent years, largely due to close international ties between China and Pakistan. In 2013, Chinese President Xi Jinping announced the China-Pakistan Economic Corridor (CPEC), a $62bn project to develop Pakistani infrastructure and energy.  With better access to cities across Pakistan, investors are seeing more opportunities to build on the land near these new developments. CPEC projects include the $2.8bn Peshawar-Karachi Motorway, set to open in August 2019, and the East Bay Expressway in Gwadar Port in the south, which is due to be completed later this year. Both will dramatically help to facil...
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Asian shares slip as Tillerson exit, tariffs raise protectionism fears

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Asian shares faltered on Wednesday amid the fear of rising US protectionism as President Donald Trump fired his secretary of state, regarded as a moderate in his administration, and sought to impose hefty tariffs on Chinese imports. The combination of moves by Trump left investors scurrying for safety as global equities took a knock, the dollar fell and bonds rose. MSCI’s broadest index of Asia-Pacific shares outside Japan stumbled 0.7%, retreating from a one-and-a-half-month high hit on Tuesday, with technology sector the biggest drag. Japan’s Nikkei dropped 1% and South Korea’s Kospi index declined 0.6%. China’s SSE Composite index and the blue-chip CSI 300 slipped 0.3% each. The weakness followed overnight losses on Wall Street, with the Dow off 0.7%, the S&P 500 down 0.6% and the Nasdaq Composite falling 1.0%. The selling intensified after Trump dismissed Tillerson following a series of public rifts over policy on North Korea, Russia and Iran. He was repla...
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