First direct London-China train completes 12,000 km run

April 29, 2017

Beijing, Apr 29: Laden with whisky and baby milk, the first freight train linking China directly to the UK arrived in the eastern Chinese city of Yiwu today after a 12,000-kilometre (7,500-mile) trip, becoming the world's second-longest rail route.

train

The journey is the latest effort in China's drive to strengthen trade links with western Europe along a modern-day "Silk Road" route.

"The train arrived at around 9:30am (0130 GMT) to Yiwu on Saturday," the Yiwu Tianmeng Industry Company told AFP.

The world's top trading nation launched the "One Belt, One Road" strategy in 2013, and has since poured millions into constructing vast infrastructure links.

The train -- which was also carrying pharmaceuticals and machinery -- departed London on April 10 and passed through France, Belgium, Germany, Poland, Belarus, Russia and Kazakhstan during its 20-day trip before arriving in Yiwu in eastern Zhejiang province, a major wholesale centre for small consumer goods.

The new route is longer than Russia's famous Trans- Siberian railway, but about 1,000 kilometres shorter than the record-holding China-Madrid link, which opened in 2014.

London is the 15th city to be linked to a new freight network offered by the state-run China Railway Corporation, which says its services are cheaper than air transport and quicker than shipping.

The journey should be 30 days faster than moving the goods by ship, the provincial government had said, but the pilot run took two days more than the 18 days expected.

And the train, named the East Wind, has much less carrying capacity -- just 88 shipping containers, according to the Yiwu government, compared to the 10,000 to 20,000 containers cargo ships can carry.

It is unclear how much the venture cost, and some experts have questioned whether the ambitious project makes economic sense.

"It is hard to say at this stage what the economic return will be, as the economic benefits will come over a long time," He Tianjie of Oxford Economics Hong Kong told AFP.

"However, the train is in some aspects more convenient and flexible. It can make multiple stops, allowing for the pick up and offloading of cargo along the way. Rail transport is also less affected by adverse weather conditions. Therefore, there may be a role for such long-haul rail links," he said.

China already has a regular direct freight train service to Germany, Europe's largest economy.
One route links the Chinese megacity of Chongqing to Duisburg, a steel-making town and one of Germany's most- important transportation and commercial hubs.

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Agencies
March 25,2020

Moscow, Mar 25: An earthquake measuring 7.5 on the Richter scale struck off Russia's Kuril Islands on Wednesday, the United States Geological Survey (USGS) said.

The magnitude of the quake, which occurred at 2:49 am (UTC), was registered at a depth of 56.7 kilometres, about 219 kilometres southeast of the Russian town of Severo-Kuril'sk, the USGS said.

There were no immediate reports of casualties or damage to the property as a result of the quake.
Further details are awaited.

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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News Network
June 29,2020

Paris, Jun 29: More than half a million people have been killed by the novel coronavirus, nearly two thirds of them in the United States and Europe, according to an news agency tally at 2200 GMT Sunday based on official sources.

The official death count for the disease now stands at 500,390 deaths from 10,099,576 cases recorded worldwide. The United States has suffered the highest death count (125,747), followed by Brazil (57,622) and the United Kingdom (43,550).

The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections.

Many countries are testing only the most serious cases.

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