China’s Jiang Zemin dies at 96, prompting wave of nostalgia

Jiang’s death comes at a tumultuous time in China Some Chinese express nostalgia for Jiang era as time of optimism Jiang was plucked from obscurity to head the Communist Party Jiang broke China out of diplomatic isolation in the years after the Tiananmen crackdown BEIJING, Nov 30 (Reuters) – Former Chinese President Jiang Zemin, who … Read more

China’s tightening COVID-19 curbs fuel pushback

BEIJING, Nov 25 (Reuters) – Frustration simmered in China among residents and business groups navigating stricter COVID-19 control curbs as the country reported on Friday another historic high of daily infections just weeks after hopes were raised of easing measures. The resurgence of COVID cases in China, with 32,695 new local infections recorded for Thursday … Read more

Weapons industry booms as Eastern Europe arms Ukraine

E. Europe arms companies step up production for Ukraine Hope to find new markets as defense spends rise Can produce and service Soviet-era and NATO-standard weaponry Poland, Czechs among big suppliers of military aid to Kyiv Industry’s history stretches from the 1800s and through the Cold War PRAGUE/WARSAW, Nov 24 (Reuters) – Eastern Europe’s arms … Read more

China widens COVID curbs, Apple factory unrest adds to economy worries

COVID restrictions increase as cases rise Unrest at the iPhone factory adds to concerns about the economy, underscores frustrations Analysts warn of potential for wider lockdowns BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to rein in rising coronavirus cases, adding to investor worries about the economy as fresh unrest at … Read more

APEC summit disrupted by North Korean ICBM test

North Korea tests missiles as leaders gather for summit Thai pro-democracy protesters tussle with police Thai PM calls for change for sustainable future BANGKOK, Nov 18 (Reuters) – Several Asia-Pacific leaders gathered for an economic summit in the Thai capital broke away from their meeting on Friday to condemn North Korea after it test-fired an … Read more

UK faces record hit to living standards as tax hikes loom

Britain facing record living standards hit UK economy in recession, set to shrink in 2024 Almost half of 55 billion-pound belt-tightening from tax rises Budget watchdog sees 7% hit to living standards IFS think-tank says bulk of the hit to come after 2024 LONDON, Nov 17 (Reuters) – Britain faces a record hit to living … Read more

COP27 negotiators still far apart on strong climate deal

G20 leaders expressed support for climate action Lula boosts COP27 with ‘Brazil is back’ message But countries struggle for climate deal in Egypt SHARM EL-SHEIKH, Egypt, Nov 16 (Reuters) – Countries were far from agreeing the contours of a climate deal at the COP27 summit in Egypt on Wednesday, with the host country urging negotiators … Read more

Key takeaways from the G20 summit in Bali

Nov 16 (Reuters) – Leaders of the world’s Group of 20 (G20) wealthiest nations concluded a two-day summit on the Indonesian island of Bali on Wednesday deploring Russia’s aggression in Ukraine “in the strongest terms”, among other highlights. Here are key takeaways from the meeting: CONDEMNING RUSSIAN AGGRESSION Meetings of G20 ministers earlier this year … Read more

G20 summit deplores war in Ukraine ‘in strongest terms’

G20 says ‘most members’ condemn war in Ukraine Threat of use of nuclear weapons ‘inadmissible’ – declaration Agreement to calibrate monetary tightening NUSA DUA, Indonesia, Nov 16 (Reuters) – Leaders of the Group of 20 (G20) nations deplored Russia’s aggression in Ukraine “in the strongest terms” on Wednesday and demanded its unconditional withdrawal in a … Read more

China’s economy loses momentum as COVID curbs hit factories, consumers

China’s industrial output grows more slowly than expected Retail sales fell for the first time since May Property investment sees biggest drop since early 2020 Economic outlook gloomy on softening external demand BEIJING, Nov 15 (Reuters) – China’s economy suffered a broad slowdown in October as factory output grew more slowly than expected and retail … Read more