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20 years on, euro has yet to tap its int’l potential

Frankfurt, Germany | Xinhua | The euro, a currency shared by 19 European countries, has won overwhelming support among the 340 million Europeans since it went into circulation 20 years ago. The idea of a single currency for Europe, which originated in 1970 when policy makers in Europe hoped to achieve …

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World’s largest trade deal enters into force

Jakarta, Indonesia | Xinhua | The Regional Comprehensive Economic Partnership (RCEP) agreement, the world’s largest trade deal so far, enters into force on Saturday. The mega free trade agreement has been applauded by the Asia-Pacific region as an important step toward deeper regional integration and a renewed worldwide momentum for free …

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Biden’s foreign policy in 2021 causes concern over U.S. global standing

Washington, U.S. | Xinhua | The Biden administration’s foreign policy has diminished the U.S. global standing with “repeated blunders,” Fox News has reported, citing foreign policy experts and lawmakers. “The U.S. military withdrawal from Afghanistan in August 2021 drew global backlash after the Taliban swiftly seized control of Kabul,” said the …

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WHO warns of “tsunami of cases” from Omicron, Delta

Geneva, Switzerland | Xinhua | The World Health Organization (WHO) cautioned on Wednesday that the more transmissible Omicron together with the currently circulating Delta variants might lead to “a tsunami of cases,” putting immense pressure on national health systems. Recapping WHO’s response since the onset of the COVID-19 pandemic, Director-General …

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UN chief urges that recovery be “resolution for 2022”

United Nations | Xinhua | In his message for the New Year, United Nations Secretary-General Antonio Guterres on Tuesday urged everyone to strive for recovery that benefits people, the planet, and prosperity. “The world welcomes 2022 with our hopes for the future being tested by deepening poverty and worsening inequality… an …

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