PM Modi arrives in Addis Ababa, received by Ethiopian counterpart at airport

IANS | December 16, 2025 6:22 PM

Addis Ababa, Dec 16 (IANS) Prime Minister Narendra Modi on Tuesday began his second leg of the three-nation tour as he arrived in Ethiopia from Jordan on a two-day State Visit - his first ever to the African nation. In a special gesture, Ethiopian Prime Minister Abiy Ahmed Ali warmly welcomed PM Modi at the airport.

More countries landing in Chinese currency trap: Report

IANS | December 16, 2025 5:25 PM

New Delhi, Dec 16 (IANS) Countries that are switching to currency conversions and swap agreements in Chinese yuan for apparent short-term relief on interest rates are headed for trouble in long-term, as they end up with currency mismatches and tie up their national balance sheets closely to a financial system that lacks transparency and full convertibility, according to an article in Capital News.