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China’s civilian shadow navy practices for invasion of Taiwan

TAIPEI (Reuters) -China is rehearsing for a potential invasion of Taiwan using a shadow navy of civilian cargo ships and ferries, according to a Reuters investigation that tracked vessel movements and analyzed satellite imagery of military exercises conducted this summer. The investigation reveals that China’s People’s Liberation Army is experimenting with techniques that could accelerate …

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IMF sees 6.5% GDP upside if Pakistan fixes corruption, governance

By Ariba Shahid KARACHI (Reuters) -The International Monetary Fund predicts Pakistan could lift its GDP between 5% and 6.5% over five years if it tackles corruption and deep-rooted governance failures. A so-called diagnostic report calls for reforms to taxation, procurement and oversight of Pakistan’s revenue authority. The IMF-World Bank report, which was uploaded by Pakistan’s …

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Greece’s Piraeus port not for sale, China tells US 

By Renee Maltezou ATHENS (Reuters) -China’s controlling stake in the Greek port of Piraeus, one of the largest in Europe, is not for sale, the Chinese embassy in Greece said, denouncing comments by newly appointed U.S. ambassador to Greece Kimberly Ann Guilfoyle. China’s state-run COSCO, one of the country’s largest port and shipping conglomerates, holds …

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Japan nuclear watchdog says confidential documents mishandled at Kashiwazaki-Kariwa plant

TOKYO (Reuters) -Japan’s nuclear watchdog said on Thursday that inadequate management of confidential security documents had occurred at the Kashiwazaki-Kariwa nuclear power plant in Niigata, where Tokyo Electric Power Company Holdings aims to restart operations. The disclosure comes as Hideyo Hanazumi, the governor of Niigata prefecture, where the world’s largest nuclear power plant is located, …

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US, Taipei laud opening of Google’s new Taiwan AI engineering centre

By Wen-Yee Lee TAIPEI (Reuters) -Alphabet’s Google opened a new AI infrastructure hardware engineering centre in Taiwan on Thursday – its biggest outside of the U.S. – in what Taiwan’s president said was a show of confidence in the island as a trustworthy technology partner. The island is home to the world’s largest contract chipmaker, …

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Taiwan’s 2025 export orders could hit record on robust AI demand

By Faith Hung and Jeanny Kao TAIPEI (Reuters) -Taiwan’s export orders could hit a record in 2025 and exceed $700 billion, the Economy Ministry said on Thursday, as demand for the island’s chips and technology remains strong in the global race to develop artificial intelligence. Export orders in October rose 25.1% from a year earlier …

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Taiwan prosecutors investigate ex-TSMC executive on chip security concerns

By Wen-Yee Lee TAIPEI (Reuters) -Taiwan is investigating a retired TSMC executive who recently joined Intel, the island’s economy minister said on Wednesday, after local media reported that he may have taken the chipmaker’s advanced technology data to his new employer. Taiwanese media outlets including the Liberty Times reported this week that Wei-Jen Lo, who …

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BOJ policymaker leans towards rate hike despite government pushback

By Leika Kihara NIIGATA, Japan (Reuters) -The Bank of Japan must keep raising real interest rates to “a state of equilibrium,” board member Junko Koeda said on Thursday in the wake of renewed yen slides, driven by market expectations that political pressure will keep any rate increases slow. The remarks suggest Koeda, an academic who …

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Offhand remark, symbolic suit signal long winter for Japan-China ties

By Tamiyuki Kihara and John Geddie TOKYO (Reuters) -An off-the-cuff remark by new Prime Minister Sanae Takaichi that triggered Japan’s biggest bust-up in years with powerful neighbour China was not meant to signal a new hardline stance. But after openly stating how Japan might react to a hypothetical Chinese attack on Taiwan, she will struggle …

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World’s richest nations are pulling back from global development efforts, study show

LONDON (Reuters) -Two dozen of the world’s richest nations, including the United States and Japan, are pulling back from their global development push, a study published on Thursday shows, with many slashing aid budgets and cash funnelled through multilateral lenders. The Commitment to Development Index ranks 38 major economies across more than 100 data points …

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