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Which will mess up the most – Fed, BOJ or PBOC?
Anyone hating their job at the moment should spare a thought for Federal Reserve head Jerome Powell. In real time, investors can observe the extent to which Chairman Powell is confused about the direction of US interest rates. Traders have stopped laughing at former Treasury
Security pacts future-proof Ukraine against Trump
Ukraine has firmly ruled out any compromises in its war with Russia, according to a senior aide to President Volodymyr Zelensky. Andriy Yermak, the Ukrainian president’s chief of staff, said that while Kiev welcomed advice on how to reach a “just peace”, Ukraine is “not ready
N Korea MIRV missile test raises nuclear war stakes
North Korea’s recent test launch of ballistic missiles, with at least one capable of carrying a “super-large warhead”, has raised new alarm in neighboring South Korea as both rival sides vie to field weapons with increasingly destructive power. In late June, North Korea
‘Made in China’ resonating more deeply at home
In October 2021, The Economist advised in an opinion article that Chinese tech giant Huawei should dissolve so its talented engineers could leave to become the next generation of high-tech entrepreneurs. At the time, the logic seemed sound. After a series of knockout punches
Newsom a better bet than Biden for China ties
The recent US debate was not kind to Joe Biden. The president’s lackluster performance has prompted discussions about potential replacements, with California Governor Gavin Newsom’s name gaining particular traction. This scenario has already found considerable favor in China.
Indonesia’s JI terror group declares dissolution, but security threat remains, say analysts
Former JI leader Abu Rusdan led others in the declaration at the National Counter Terrorism Agency.
Nepal PM Dahal faces crisis as key ally drops parliamentary support
KATHMANDU - Nepalese Prime Minister Pushpa Kamal Dahal faced a crisis on Wednesday after a key ally in his multi-party coalition withdrew support, pushing his government into a minority in parliament four months after the coalition was formed.
China’s demographics aren’t a short-term problem
In discussions about China’s economy, the issue of demographics comes up quite a lot. In 2022, China’s population began to decrease (and coincidentally, India’s population surpassed China’s). The country’s fertility rate, which had already fallen below replacement levels
Devotees surged towards preacher moments before lethal India stampede, witnesses say
About 250,000 people had gathered, despite the authorities only allowing 80,000 to be present.
China has the power to end the Ukraine war
Western leaders are becoming increasingly frustrated by China’s role in enabling the war in Ukraine. Some have even openly threatened to sanction the country if it continues to provide Russia with the materials it needs to build more weapons. And they are right to focus on
Philippine senator claims on TikTok that China plans to target her country with missiles
The national security council said it was unaware of any such security threat.
Malaysia promises pre-university programme access for top scorers of all races but social inequalities remain, say experts
Malaysia is guaranteeing spots in a major pre-university programme for top scorers, regardless of race. While lauded as a “brave” move by Prime Minister Anwar Ibrahim, it does not address social inequalities, observers say.
Fried chicken seller goes viral for resemblance to Blackpink’s Lisa
She was filmed helping out at her mother’s stall.
Pew study finds more Malaysians, Singaporeans view Russia favourably; backing of Palestine, Putin’s macho image seen as key factors
Of the respondents in the 35 countries surveyed, Malaysians had the most positive view on Russia.
Govt funds to provide meals for poor students in China misused for local debt repayment
Local governments have been finding it difficult to service their debts amid a slowing economy.
Russia says it will respond to Finland giving U.S. access to bases
MOSCOW - Russia will respond to Finland's decision to grant the United States access to its military bases, a spokesman for Russia's foreign ministry said on Wednesday.
Why are drug prices so much higher in Indonesia than Malaysia? Jokowi tasks his ministers to find a cure
Prices in Indonesia of common drugs for hypertension and high blood pressure are two to nearly four times the prices in Malaysia, a check by CNA found.
Driver in fatal Seoul crash was speeding away from hotel: Police
Officials corrected their earlier statements that mistook engine coolant for tyre marks.
Japan’s top court rules forced sterilisation law unconstitutional
Japan’s government acknowledges that around 16,500 people were forcibly sterilised under the law.
Beijing urges Manila to swiftly find, ‘punish’ perpetrators after Chinese national kidnapped, killed in the Philippines
The Chinese embassy in the Philippines has made representations to the government, urging it to step up efforts in handling the case and to “swiftly apprehend and punish the killers”.
Russian attack on Ukraine's Dnipro kills at least four, wounds 27 more, governor says
KYIV - A Russian missile and drone attack on Ukraine's city of Dnipro on Wednesday killed at least four civilians and wounded 27 more, damaging kindergartens, schools, and hospitals and causing fires throughout the city, regional officials said.
Singapore to cane Japanese hairdresser for rape
The 38-year-old man is the first Japanese national to receive this punishment in Singapore.
Flood fears rise in China’s east as rain swells Yangtze River levels
Authorities said that sections of Yangtze River had exceeded the warning mark.
Modi’s Moscow summit with Putin seen as key for ties in China’s shadow
The meeting will happen around the same time that a Nato summit will be held in Washington.
What to know about Bhole Baba: Indian guru in the Hathras gathering that ended in a stampede
The self-styled guru used to be a head constable known by the name Suraj Pal Singh.
China supports Kazakhstan joining BRICS, eyes energy reserves
BEIJING - China's President Xi Jinping said he supports Kazakhstan joining the BRICS bloc, Chinese state media reported on Wednesday, as the group of developing nations mulls further expansion to rival a Western-dominated world order it sees as outdated.
What we know about the India crush that killed 121
The incident that took place during a religious gathering is among the deadliest crushes in India in a decade.
Clashes break out near Myanmar military regional command
Gunfire has rocked the area since late on July 2.
Controversial clause on ‘hurting the feelings of the Chinese nation’ dropped from China's proposed security law
The initial proposed changes would have effectively barred speech, dressing and decorations in public places deemed “harmful to the spirit or the feelings of the Chinese nation”, with offenders facing up to 15 days in detention.
China seizes Taiwan boat with crew for illegal fishing
Taiwanese officials have confirmed to the BBC that the boat was seized inside China’s territorial waters.
Woman found dead after she was swallowed whole by python in central Indonesia
It was the second python killing in the province in a month.
Anwar govt promises pre-U spots for high-achieving non-Malays, but racial quotas remain
PM Anwar is under pressure to accelerate reforms, including creating a more level playing field in education and jobs.
Japan top court says forced sterilisation unconstitutional
The ruling brings to an end a decades-long fight for justice by victims who were forcibly sterilised.
Not lame at all: Duck tails GrabFood delivery rider in the Philippines, wins praise for hard work
“Grab duck” trails in a long line of animals that have had the occasional “odd jobs”.
Pakistan has met all requirements for IMF bailout deal, finance official says
KARACHI - Pakistan is looking to clinch a staff level agreement on an International Monetary Fund bailout of more than $6 billion this month after addressing all of the lender's requirements in its annual budget, its junior finance minister told Reuters.
Genting bus crash: Driver claims trial to charges of driving dangerously, not having valid licence
The driver pleaded not guilty to the two charges.
