Recession, currencies, oil, Russian debt

Recession, currencies, oil, Russian debt

SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Hong Kong’s Hang Seng index led gains in the region, rising 2.41% in its final hour of the day after trading more than 3% higher in the session. The Hang Seng Tech index popped 4.63%. Alibaba’s shares in … Read more

G7 launches $600bn infrastructure plan to counter China | News

G7 launches $600bn infrastructure plan to counter China | News

The G7 Partnership for Global Infrastructure and Investment will help finance infrastructure projects in developing nations. The leaders of the Group of Seven (G7) nations have pledged to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. US President … Read more

How the melting Arctic could lead to huge riches—and world war

How the melting Arctic could lead to huge riches—and world war

Santa’s getting company. Fast-melting sea ice has opened a potential new Arctic shipping lane across the North Pole, which will give powerful nations easier access to the frozen zone’s vast riches — but has also sparked fears of war. The Arctic Council predicts that, during the summers, sea ice will be gone by 2040 — allowing for … Read more

Iran attacks stopped by Middle East air defense alliance: Israel

Iran attacks stopped by Middle East air defense alliance: Israel

The US and Israel are building an air defense coalition in the Middle East that has already thwarted attacks by Iran, Israel’s defense minister announced Monday. Benny Gantz gave few details about what he called the “Middle East Air Defense Alliance,” or MEAD, in testimony before the Knesset’s powerful Foreign Affairs and Defense Committee — … Read more

Biden adviser raises concerns with Chinese diplomat over N Korea | Politics News

Biden adviser raises concerns with Chinese diplomat over N Korea | Politics News

Jake Sullivan told Yang Jiechi that Washington and Beijing can cooperate on North Korea issue, senior US official says. US President Joe Biden’s national security adviser has raised concerns with China’s top diplomat over Beijing’s veto of a United States-led push at the United Nations to impose more sanctions on North Korea, a senior US … Read more

Q&A: Indonesia’s defence minister on security in the Asia-Pacific | Military News

Q&A: Indonesia’s defence minister on security in the Asia-Pacific | Military News

Singapore – As defence chiefs from around the Asia-Pacific gather in Singapore for the Shangri-La Dialogue, much of the focus has been on growing tensions between the United States and China. The three-day security summit organised by the London-based International Institute for Strategic Studies is considered the most important defence-related conference in the region. This … Read more

‘Smash to smithereens’: China threatens all-out war over Taiwan | News

‘Smash to smithereens’: China threatens all-out war over Taiwan | News

Defence minister warns his US counterpart China will ‘not hesitate to start war’ if self-ruled island engages in ‘independence plot’. China will “not hesitate to start a war” and “smash to smithereens” any Taiwan independence efforts, its defence minister warned his US counterpart in the pair’s first face-to-face talks. “If anyone dares to split Taiwan … Read more

Challenge for Biden to rally Americas around a shared vision

Challenge for Biden to rally Americas around a shared vision

LOS ANGELES (AP) — President Joe Biden tried to present a unifying vision for the Western Hemisphere on Thursday even as the Summit of the Americas has been wracked by divisions and absences that make it hard to bring North and South America together around shared goals on migration, the economy and climate. The disparities … Read more

China, Russia defend N Korea vetoes at UN General Assembly | News

China, Russia defend N Korea vetoes at UN General Assembly | News

China blames ‘flip-flop’ of US policies for renewed tensions, while Washington asks if Beijing and Moscow favour their ties over global security. China and Russia have accused the United States of stoking tensions on the Korean Peninsula during a landmark meeting held to explain their decisions to veto new global sanctions over Pyongyang’s renewed ballistic … Read more

China and Russia defend North Korea vetoes in first at UN

UK officials: 4 men infected with "rare" monkeypox in London

UNITED NATIONS (AP) — China and Russia defended their vetoes of a strongly backed U.S resolution that would have imposed tough new sanctions on North Korea at a first-ever General Assembly meeting Wednesday that is now required for any measure that sparks a veto in the Security Council by one of its five permanent members. … Read more