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US imposes fresh sanctions to restrict North Korea’s revenues

By Kanishka Singh WASHINGTON (Reuters) – The U.S. Treasury Department on Wednesday imposed sanctions on individuals and companies that it accused of illicitly generating revenue for the government of North Korea. The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Chilsong Trading Corporation, which it says is used by North Korea to earn foreign …

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TikTok to develop parental control tool to block certain videos

By Sheila Dang (Reuters) -TikTok said on Wednesday it is developing a tool that will allow parents to prevent their teens from viewing content containing certain words or hashtags on the short-form video app, as the embattled company looks to shore up its public image. TikTok, owned by Chinese tech company ByteDance, is facing renewed …

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Vietnam Communist Party nominates Vo Van Thuong as new president – sources

HANOI (Reuters) – Vietnam’s Communist Party has nominated Vo Van Thuong as the country’s new president, two party sources said on Wednesday, following the sudden forced resignation in January of his predecessor as part of a sweeping anti-corruption campaign. Thuong, 52, is the youngest member of the party’s Politburo, the country’s top decision-making body, and …

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China’s annual parliament to implement Xi’s tightening grip

By Laurie Chen and Kevin Yao BEIJING (Reuters) – China’s annual parliament opens on Sunday and will implement the biggest government reshuffle in a decade as Xi Jinping tightens control while contending with a host of challenges, from an uneven post-COVID economic recovery to cratering U.S. relations. Nearly 3,000 delegates will gather in the Great …

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Thai opposition names property tycoon as adviser amid rumours of PM candidacy

BANGKOK (Reuters) – Thailand’s biggest opposition party on Wednesday named a well-known local property tycoon as its new adviser ahead of an upcoming election, adding fuel to speculation he was being lined up as another prime ministerial candidate. The Pheu Thai party, which together with its previous incarnations has won every Thai election since 2001, …

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China eases data security deadline pressure for multinational companies

By Josh Ye HONG KONG (Reuters) – Chinese regulators have eased some deadline pressure on multinational companies struggling to comply with new rules requiring them to seek approval to export user data, according to lawyers advising clients on the matter. In theory, global companies operating in China had until Wednesday, March 1 to submit extensive …

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Apple supplier Foxlink says working to resume production after India fire

TAIPEI (Reuters) -Taiwanese Apple Inc supplier Foxlink said on Wednesday it is working hard to resume production following a fire at a plant in southern India that halted operations at the maker of iPhone charging cables, sending its stock price down. The factory is located in the Chittoor district of India’s Andhra Pradesh state and …

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China’s factory activity stuns with fastest growth in a decade

By Liangping Gao and Joe Cash BEIJING (Reuters) – China’s manufacturing activity expanded at the fastest pace in more than a decade in February, an official index showed on Wednesday, smashing expectations as production zoomed after the lifting of COVID-19 restrictions late last year. The manufacturing purchasing managers’ index (PMI) shot up to 52.6 from …

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Indonesia vows restraint as troops surround separatists holding NZ pilot

JAKARTA (Reuters) – Security forces in Indonesia’s restive Papua region have surrounded separatists holding captive a New Zealand pilot, but will exercise restraint while negotiations for his release continue, a top security official said on Tuesday. Philip Mehrtens, a Susi Air pilot, was taken hostage by the West Papua National Liberation Army (TNPB) on Feb. …

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