Greece, which emerged from its third international bailout in 2018 and has been struggling with the economic impact of the novel coronavirus, wants to spend part of its multi-billion euro cash reserves on its defense sector.
The Central Bank of Egypt announced, on Monday, that its net international reserves increased by about $51m during August 2020, to reach $38.366bn, compared to $38.315bn in July 2020.
Currently, India and China are involved in a dangerous standoff in the eastern Ladakh after a violent clash broke out at the Line of Actual Control (LAC) in the Galwan valley that resulted in 20 Indian casualties.
As the India-China border conflict reaches a dangerous juncture, Chinese military spokesperson has warned the Indian side to refrain from threatening actions after Indian soldiers ‘illegally crossed the Line of Actual Control (LAC)’ and fired warning shots.