Business & Finance

China debt dogs Maldives’ ‘bridge to prosperity’

2 days ago
Before the bridge people had to travel to the capital by boat
Before the bridge people had to travel to the capital by boat

For years Aminat Waheeda drove her taxi along the narrow lanes and congested roads of the Maldives capital looking for passengers. The most lucrative fares – airport arrivals – were out of reach.

The airport serving Male is on a different island and a speedboat was needed to get between the two.

In 2018, that all changed, as did Ms Waheeda’s life. And the single mother of two teenagers has China to thank.

A 2.1km (1.3-mile), four-lane bridge built with $200m (£148m) from Beijing means Male’s taxi drivers can now pick up passengers right from the airport entrance.

“After the bridge was built, transportation got easy for everyone,” she says. “[It] has helped taxi drivers like me to earn more money.”

In fact, her income doubled.

Amina Waheeda and other taxi drivers used to be unable to pick up fares at the airport
Amina Waheeda and other taxi drivers used to be unable to pick
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The Financial Tips that can Transform the Way You Spend

Geraldine R. Pleasant 3 days ago
Image result for The Financial Tips that can Transform the Way You Spend

The world is becoming expensive these days. Multiple factors like the global economic slowdown, the ongoing trade war between the United States and China, and low manufacturing output are hurting the common people across the world. The already poor cash liquidity is becoming worse. Therefore, money is going to be even more precious in the coming time.  Hard money is the most unpredictable asset in the world. Today’s billionaire might come to the street tomorrow. So, it’s wise to spend your money efficiently when you have it.

Staying in a city like Singapore is itself a challenge. The cost of living in the city is sky high, which makes it one of the most expensive cities across the world. Only having one source of income is not sufficient for most households, unless it is significantly huge. More often than not, one has to suffer at the month-end. If you find … Read More

Great British Bake Off: 2020 contestants revealed

4 days ago
The Great British Bake Off 2020 contestants
The Great British Bake Off 2020 contestants

A Samaritan, a student and a pantomime producer are just three of the contestants hoping to win this year’s Great British Bake Off.

The show will return to Channel 4 on 22 September after filming was delayed because of the coronavirus pandemic.

This year’s line-up consists of 12 contestants – one fewer than the baker’s dozen who competed last year.

Matt Lucas will replace Sandi Toksvig as host, joining the returning Noel Fielding.

Paul Hollywood and Prue Leith will be on hand to judge the best bakes in the famous white tent.

The bakers were selected by April, but coronavirus restrictions meant the filming schedule had to be rewritten, and the series will reach screens a month later than usual.

The show is normally filmed over three months, largely at weekends. However, this year the producers asked the contestants to take six

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Trump Accuses Judge of ‘Stacking the Deck’ Against Him in Tax Ruling

6 days ago

President Donald Trump’s lawyers on Friday accused a federal judge of “stacking the deck” against Trump in his long-running fight to block the Manhattan district attorney from getting his tax returns.

The assertion came in a legal filing in which Trump’s lawyers asked a federal appeals court to scrap a lower court’s decision that would allow the district attorney to obtain the returns and other financial records.

In a forceful and sharply worded brief, Trump’s lawyers said the judge, Victor Marrero of U.S. District Court in Manhattan, had given short shrift to their arguments that a subpoena seeking the tax returns was overly broad and amounted to political harassment.

The appeal was the latest turn in a protracted legal battle that began in August 2019, when the office of the district attorney, Cyrus R. Vance Jr., a Democrat, issued the subpoena to Trump’s accounting firm seeking eight years of the

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