Here we are providing News of the Day 14 January 2019 on daily basis. We cover the information that related to National, international. It includes news headlines, Breaking News and Today’s Top stories. It will be very helpful to the Exam aspirants to prepare the notes.
News of the Day 14 January 2019
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China posts strongest export growth in 7 years in 2018 despite trade war
- China’s exports rose 9.9 percent in 2018, its strongest trade performance in seven years, despite growing disruptions from an escalating trade war with the United States
- Imports increased 15.8 percent last year, resulting in a trade surplus of $351.76 billion, the country’s lowest since 2013.
- The world’s largest trading nation got off to a strong start in 2018, but pressure on the economy started to build later in the year as the United States and China began imposing tariffs on each other’s goods and global demand started to cool.
- China’s export growth is expected to have eased for a second straight month in December as global demand weakened, raising pressure on Beijing as it tries to reach a trade deal with Washington.
- Softening demand in China is already being felt around the world, with slowing sales of goods ranging from iPhones to automobiles adding to fears of cooling global growth.
- Beijing is planning to lower its economic growth target to 6-6.5 percent this year after an expected 6.6 percent in 2018, the slowest pace in 28 years.
Important Terms :
- disruptions – an interruption in the usual way that a system, process or event works
- tariffs- a tax or duty to be paid on a particular class of imports or exports
Click here-News of the Day 11 January
Etihad conditions cloud Jet Airways rescue mission
- Beleaguered Jet Airways’ partner Etihad Airways will not pledge its shares as collateral against loans to the Indian carrier, putting Jet’s revival plans on hold.
- Lenders to Jet Airways have denied any liquidity assistance to the company until it gets equity funding from existing shareholders
- Jet’s Indian lenders will extend additional debt of twice the amount that Etihad invests as equity
- Abu Dhabi based Etihad Airways, which owns 24 percent of Jet Airways, has put forward conditions, including slashing founder-chairman Naresh Goyal’s shareholding to around 22 percent from 51 percent and stripping him of decision making powers.
- cloud – make or become less clear or transparent
- beleaguered – put in a very difficult situation
- collateral – something pledged as security for repayment of a loan