Author: HeraldStar

By Qaiser NawabPresident, Belt and Road Initiative for Sustainable Development (BRISD) China’s Central Economic Work Conference (CEWC), held on December 11-12, 2024, has laid out a strategic blueprint poised to shape the nation’s economic trajectory in 2025. With global attention focused on China, the conference highlights an ambitious yet pragmatic approach to addressing domestic challenges while positioning the country as a critical player in global economic recovery. The CEWC’s policy priorities—fostering domestic consumption, promoting technological innovation, and advancing sustainable development—underscore China’s resolve to maintain stability while pursuing high-quality growth. This year’s CEWC comes at a time of heightened global economic…

Islamabad, December 18, 2024 – Engr. Qaiser Nawab, President of the Belt and Road Initiative for Sustainable Development (BRISD), was honored to join the celebration of Qatar National Day at the invitation of H.E. Mr. Ali Bin Mubarak Al-Khater, Ambassador of the State of Qatar to Pakistan. Qatar National Day, commemorating the foundation of the State of Qatar by Sheikh Jassim Bin Muhammed Bin Thani in 1878, is a celebration of the nation’s rich heritage, unity, and remarkable progress. This year’s event showcased Qatar’s dedication to innovation while preserving its cultural legacy, reaffirming its leadership on the global stage. “The…

The United States Department of Energy (DOE) has finalized a record-breaking $9.63 billion low-cost loan to BlueOval SK, a joint venture between Ford Motor Company and South Korean battery maker SK On. This landmark deal aims to finance the construction of three state-of-the-art battery manufacturing plants in Tennessee and Kentucky, bolstering the U.S. electric vehicle (EV) supply chain. The finalized amount surpasses the $9.2 billion conditional commitment announced in June 2023, marking the largest loan ever issued by the Advanced Technology Vehicles Manufacturing (ATVM) program. BlueOval SK’s ambitious project seeks to enable annual production of over 120 gigawatt hours of…

The European Union has adopted its 15th sanctions package against Russia, intensifying measures in response to Moscow’s ongoing war in Ukraine. The latest package, announced on Monday, includes significant actions targeting Russia’s shadow fleet and Chinese entities allegedly aiding Russia’s military. The sanctions blacklist 52 additional vessels from the shadow fleet, bringing the total to 79. These ships have been accused of bypassing Western restrictions to transport oil, weapons, and grain. Notably, some of these vessels were linked to deliveries of North Korean ammunition to Russia, heightening concerns about global compliance. For the first time, the EU’s sanctions impose full-fledged…

The Spanish Football Federation (RFEF) has elected Rafael Louzán, 57, as its new president, marking a turning point for the scandal-ridden organization. Louzán, the head of Galicia’s regional football association, secured 90 votes to triumph over Salvador Gomar, chief of the Valencian FA, who received 43 votes in the two-way race after Sergio Merchan’s last-minute withdrawal. This election comes after a turbulent period for Spanish football governance. Former president Luis Rubiales faced corruption charges and a looming trial for sexual assault following his controversial unsolicited kiss of player Jenni Hermoso after Spain’s 2023 Women’s World Cup victory. Pedro Rocha, who…

Sasolburg, a small town in South Africa, has become a stark symbol of the ongoing struggle between economic development and environmental health. Situated near the country’s oldest coal-to-liquid refinery, the township of Zamdela is heavily impacted by the pollution emanating from Sasol’s facilities. Residents face severe health challenges, with respiratory issues becoming a common concern due to persistent smog and high levels of sulphur dioxide emissions. Mpho Putsoenyane, whose daughter Hlompho was hospitalized at just four months old due to severe respiratory distress, epitomizes the plight of many families living in the area. Despite medical intervention, the recurring exposure to…

South Africa’s largest e-commerce retailer, Takealot, is intensifying its efforts to penetrate townships and rural areas as it faces stiff competition from global giants like Amazon, Temu, and Shein. In a move to reach underserved markets, Takealot has hired thousands of personal shoppers to assist non-tech-savvy consumers in these regions, ensuring they can access a wide range of products from household goods to electronics and food delivery services. The competition has escalated with international players entering South Africa’s price-conscious market, increasing the cost of doing business. Takealot CEO Frederik Zietsman acknowledged the significant impact of these global retailers, particularly the…

By Qaiser Nawab, President of BRISD and Global Youth Advocate Uzbekistan, the heart of Central Asia, is a land of captivating history, cultural brilliance, and unyielding aspirations for the future. As the centerpiece of the ancient Silk Road, Uzbekistan served as a bridge between civilizations, facilitating trade, cultural exchange, and diplomacy across continents. Today, under the visionary leadership of President Shavkat Mirziyoyev, Uzbekistan is reawakening its historic legacy, creating a modern Silk Road through transformative initiatives in youth empowerment, sports, culture, and tourism. Uzbekistan’s development journey is nothing short of remarkable, and its commitment to shaping a sustainable future is…

By Qaiser Nawab Every December 18, Qatar National Day ignites a powerful sense of unity and pride, celebrating a nation that has achieved remarkable progress while steadfastly preserving its values and heritage. Known as Founder’s Day, this historic occasion marks the unification of Qatar in 1878 under the visionary leadership of Sheikh Jassim Bin Mohammad Bin Thani—a leader whose wisdom, resilience, and unwavering commitment to his people have left an indelible mark on the nation’s trajectory. His enduring legacy continues to guide Qatar’s path toward greater prosperity and innovation. During my visits to Qatar, I have been privileged to witness…

Russian President Vladimir Putin, during a meeting with defence officials on Monday, accused the West of pushing Russia to its “red lines,” referring to situations Moscow has clearly outlined it will not tolerate. Putin emphasized that Russia had been forced to respond, citing concerns over U.S. development and potential deployment of short and medium-range missiles. He warned that if the U.S. proceeded with these deployments, Russia would lift all of its voluntary restrictions on the deployment of its own missiles. In addition, Putin highlighted Russia’s recent military advancements in Ukraine, claiming that Russian forces had taken control of 189 settlements…