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Trump doesn’t foresee China trade deal before 2020




Washington, Sep 21 US President Donald Trump has said that he does not foresee a “complete” trade agreement with China before the 2020 presidential election.

“We’re looking for a complete deal. I’m not looking for a partial deal,” Trump said at a press conference with Australian Prime Minister Scott Morrison here on Friday.

He said he does not believe it will be possible to reach a trade deal with Beijing before US elections in November next year, reports Efe news.

“I don’t think I need it before the election. I think people know that we’re doing a great job,” he added.

Trump said that China’s previous agreement to buy agricultural products would not be enough.

He insisted that his relationship with the Chinese president Xi Jinping is “very amazing” and described the ongoing trade dispute as a “little spat”.

He added that “China is being affected very badly” by the successive rounds of tariffs imposed by both countries, referring to a slowdown in the pace of economic growth in the Asian nation but insisted that it had not affected the US.

“We’re doing very well. Our economy is very strong,” he continued.

The US government recently approved two multi-million dollar financial assistance programmes to help farmers who have been affected by the loss of access to the Chinese market.

Negotiating teams from both countries are planning to resume talks next week.

Trade tensions between the two largest world economies, which began after Trump’s arrival at the White House in 2017, have gone beyond bilateral relations and had profound global consequences.

The International Monetary Fund downgraded its projections of global expansion to 3.2 per cent this year in its latest global growth forecasts released in July, one tenth less than in April.

It is also likely to reduce them again in a report that will be released during its annual Assembly next October in Washington.


Pakistan’s economy shows positive indicators: PM’s Office




Imran Khan Pakistan PM

Islamabad, Feb 28 : Pakistan’s economic indicators are seeing a constant improvement due to efforts made by the current government to overcome the serious economic challenges, the Prime Minister’s Office said on Friday.

Prime Minister Imran Khan, chairing a meeting of his economic team, expressed satisfaction over the improvement in all sectors, adding that his government is making efforts to bring a trickle-down effect of the improving economy on general public and in this regard steps are being taken to provide relief to low income and salaried class of the country, Xinhua reported.

He also directed the economic team to keep the public updated about the positive indicators of the economy in a bid to win the confidence of the local businessman to invest in the country.

Earlier this month, the prime minister approved subsidy of Pakistani Rs 10 billion ($65 million) on five essential food items for controlling rampant inflation in the country.

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Iranian vice president tests positive for coronavirus



Tehran, Feb 28 Iran’s Vice President for Women and Family Affairs Masoumeh Ebtekar has tested positive for the coronavirus, an official said on Thursday.

Ebtekar’s adviser Fariba Ibtihaj said the vice president tested positive for COVID-19 on Wednesday, Iran’s official IRNA news agency  reported.

“Everyone in the vice president’s team was also tested and the results will be available on Saturday,” she said.

Ebtekar is not the first high-ranking Iranian official to contract the virus.

Ebtekar, joins the deputy health minister, the head of the national security commission and a reformist MP who have been infected with the virus, reports Efe news.

She tested positive on Thursday after showing symptoms the previous day during a cabinet meeting, according to state TV.

The politician is one of the most recognizable in the Islamic Republic and previously held the position of environment minister.

Iran has reported 26 deaths from the deadly disease and 245 cases total with a dramatic surge of 106 new infections registered on Thursday, the Health Ministry said.

Tehran authorities have decided to close down schools and universities in the country to curb the spread of the disease.

Friday prayers in the capital have also been cancelled.

Amid the spread of the virus, neighbouring countries have closed their land borders with Iran and most airlines have suspended their flights or imposed restrictions on air travel to the country.

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COVID-19 cases in South Korea reach 2,022, 13 deaths




Seoul, Feb 28 The number of coronavirus cases in South Korea increased to 2,022 on Friday, with a total of 13 fatalities as the nation aggressively counters the fast-spreading virus with massive testing, particularly for 210,000 followers of a religious sect at the centre of the epidemic.

The 256 new cases brought the nation’s total infections to 2,022, the Yonhap News Agency quoted the Korea Centers for Disease Control and Prevention (KCDC) as saying.

Only two days ago, the number of infections exceeded 1,000.

More than half of newly confirmed cases were linked to a branch of the Shincheonji Church of Jesus in the southeastern city of Daegu, 300 km southeast of Seoul.

Of the 256 new cases, 182 are in Daegu, and 49 are in the neighbouring North Gyeongsang Province.

Since raising the virus alert level to “red”, the highest level, on Sunday, health authorities have focused on halting the spread of the virus in Daegu, the epicentre of the virus outbreak in South Korea, and North Gyeongsang.

Experts said the number of confirmed cases is expected to jump in the coming days as health authorities have begun testing more than 210,000 members of the Shincheonji Church of Jesus.

The government also ordered another 1,638 Shincheonji followers to self-isolate as they have shown symptoms, Yonhap News Agency said in its report.

Since the first coronavirus case — a Chinese woman from Wuhan, the epicentre of the outbreak — on January 20, the pace of infections had not been alarming until February 18, when a 61-year-old woman who is tied to the Daegu religious sect tested positive for the virus.

Since then, the nation has seen an explosion in infections as it accelerated virus tests on potential cases.

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