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Tuesday 3 January 2017

CPEC is good says China

Chinese Foreign Ministry spokesperson Hua Chunying has said that the China Pakistan Economic Corridor (CPEC) project is an important one for both countries. “Construction of the CPEC is a cooperation framework that the two countries set up with an eye to the future development of a long-term relationship. This economic corridor construction is not only beneficial to Pakistan’s economic and social development, but can also, as part of the “One Belt, One Road” construction, promote regional connectivity and development of infrastructure construction. So we are willing to work with Pakistan to steadily push forward relevant corridor construction,” the Express Tribune quoted her, as saying at a daily briefing in Beijing.
Under the “One Belt, One Road” programme announced by Chinese President Xi Jinping in 2013, China aims to invest in infrastructure projects including railways and power grids in central, west and southern Asia, as well as Africa and Europe.
The roads lie on the western route of CPEC, a $55 billion network of roads, rail links, power plants and other infrastructure connecting western China to Pakistan’s Arabian Sea port of Gwadar. They include roads from Raikot to Thakot, Yarik to Zhob and from Basima to Khuzdar, Zaman said, adding that the deal to finance the three roads was struck last month.

Monday 2 January 2017

Richest people in the world- Billionaires

In a world with booming entrepreneurship success stories, success is often measured by the value one has in terms of money. The success, however, is years of hard work and toil that gets people where they are today.
Bloomberg has released a list of the ten richest people in the world, with their net worth in billions of dollars. They profiled 200 billionaires for the exercise.
We look at the who’s who of the list.
1. Bill Gates
The co-founder of Microsoft, tech magnate, entrepreneur, philanthropist, programmer, Bill Gates has a solid profile that makes him the richest individual, his worth marked $85.9 billion. Also the founder of Bill & Melinda Gates Foundation, Gates has made strides in every sphere he has touched. He stepped down as CEO of Microsoft in 2000 and as Chairman in 2008. Currently, he works full-time at the Bill & Melinda Gates Foundation and is the technology adviser to the current CEO Satya Nadella.
2. Amancia Ortega
Founder and chairman of the Inditex fashion group, which is best known for its global brand Zara, the Spanish business magnate is valued at $75.8 billion and is the second richest person in the world.
3. Warren Buffett
The most successful investor in the world, Buffett is also a business magnate and a philanthropist, valued at $68.2 billion. He is the CEO and the largest shareholder of Berkshire Hathway, the American multinational conglomerate holding company. Buffett, the third richest person in the world, is often referred to as the “Wizard of Omaha” or “Oracle of Omaha,” or the “Sage of Omaha,”and is noted for his adherence to value investing and for his personal frugality despite his immense wealth.

credits: india today