government and politics

Asian markets rise ahead of US inflation data | News agency

BEIJING (AFP) – Asian stock markets rose on Wednesday as investors awaited US inflation data, and some concern could lead to further interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul prices rose. Sydney refused. Oil prices rebounded from Tuesday’s low but remained below $100 a barrel. The benchmark S&P 500 index fell on Wall …

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Sri Lanka’s prime minister says the economy has “collapsed” and is unable to buy oil

Colombo, Sri Lanka — Sri Lanka’s prime minister told lawmakers on Wednesday that Sri Lanka’s debt-laden economy had “collapsed” after months of shortages of food, fuel and electricity, comments underlining the country’s dire situation as it seeks help from international lenders. Prime Minister Ranil Wickremesinghe told parliament that the South Asian country “is facing a …

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India and ASEAN seek to strengthen ties amid rivalry between the United States and China

New Delhi (AFP) – A special meeting of the foreign ministers of India and Southeast Asian countries opened Thursday with co-chairs of India and Singapore calling for closer ties amid Russia’s war in Ukraine and the growing rivalry between the United States and China that threatens peace and stability in the region. Indian External Affairs …

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Explainer: Why does China deny that Hong Kong was a British colony?

BEIJING (AFP) – Hong Kong is preparing to offer new middle school textbooks that deny the Chinese territory was ever a British colony. China’s communist rulers say the semi-autonomous city and the neighboring former Portuguese colony of Macau were only occupied by foreign powers and that China did not relinquish its sovereignty over it. It’s …

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Residents say China used a health tracker to control crowds

Taipei, Taiwan – Angry bank customers who traveled to a city in central China to retrieve their savings from troubled rural banks were stopped by a health app on their mobile phones. Residents of China are required to have the health app, which displays an icon indicating their health status, including potential exposure to COVID-19. …

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