The Obama administration, much to its embarrassment, in recent weeks has been spurned by its Western allies that have flocked to the $50 billion Chinese-led Asian Infrastructure Investment Bank (AIIB) — a potential rival to the Western-led IMF and World Bank — despite pleas from the White House to stand back amid concerns that Beijing will extend its influence in the … Continue reading
The White House said on Friday that it was considering additional “tools” to use against Venezuela following Venezuelan President Nicolas Maduro’s order for the arrest of the Caracas mayor and accusations that the U.S. had backed a coup against the government. A White House reporter asked White House spokesman Josh Earnest whether the U.S. was considering additional sanctions against … Continue reading
By Ankit Panda In a move that drew Beijing’s condemnation, the U.S. approved the sale of four used warships to Taiwan. A statement released by the White House on Thursday noted that U.S. President Barack Obama signed legislation formally authorizing the sale of four Oliver Hazard Perry-class guided-missile frigates. The legislation was long-expected. The U.S. House of Representatives … Continue reading