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Former emerging world finance chiefs call for debt reworks to enable climate spending

5 Jun 2024

By Libby George LONDON (Reuters) – A group of prominent former emerging market finance chiefs is pressing global leaders to incorporate external shocks and climate change into debt sustainability calculations, according to a letter published on Wednesday. The signatories, former central bankers and finance ministers mostly from emerging economies from India to Argentina, also called …

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Indonesia president says plan to start working from new capital city in July

5 Jun 2024

JAKARTA (Reuters) – Indonesia’s President Joko “Jokowi” Widodo said on Wednesday he plans to start working from the new capital city next month amid concerns over the future of the project following resignations of senior executives overseeing the development. Jokowi said progress of a number of infrastructure development under the first phase of the $32 …

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China plans new carbon measurement standards to boost climate efforts

5 Jun 2024

By David Stanway and Siyi Liu BEIJING (Reuters) -China announced plans on Wednesday to better measure the carbon content of its products – a key step in reaching its own climate goals and meeting tougher carbon standards overseas. The new “carbon footprint management system” detailed by the Ministry of Ecology and Environment will go into …

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Like a pop star, Nvidia’s CEO Huang stirs up ‘Jensanity’ in Taiwan

5 Jun 2024

By Ben Blanchard and Max A. Cherney TAIPEI (Reuters) – In the week and a half since Nvidia CEO Jensen Huang arrived in Taiwan, his every move has been breathlessly followed. Huang, the local boy who made good, is the subject of wall-to-wall coverage on Taiwanese television and reporters trail him constantly. He was mobbed …

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U.S. strategic bomber drops precision weapon in drills with South Korea fighters

5 Jun 2024

By Jack Kim SEOUL (Reuters) – A U.S. B-1 strategic bomber joined South Korean and U.S. fighter jets in a training mission over the Korean peninsula on Wednesday, dropping a guided JDAM weapon used with so-called bunker-busting munitions, the South’s defence ministry said. The drill comes a day after South Korea said it was resuming …

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Analysis-A humbled Modi needs allies, and answers to India’s unemployment, inflation

5 Jun 2024

By Krishna N. Das and Aftab Ahmed NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is set to win a rare third term in office, but a smaller-than-expected mandate means he will have to lean more on his allies for support, and that means urgently addressing issues like unemployment, inflation and economic disparities in …

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Chinese who lost money in bank fraud detained for months after protest

5 Jun 2024

SHANGHAI (Reuters) – When Ou Yangyun travelled to the Chinese city of Zhengzhou in February to demand recompense after his bank account containing tens of thousands of dollars was frozen, his family expected him to be home two days later to celebrate the Lunar New Year with his five-year-old twins. The small-business owner from Changsha …

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Security tight in Hong Kong and China on Tiananmen crackdown anniversary

5 Jun 2024

By Jessie Pang and Fabian Hamacher HONG KONG/TAIPEI (Reuters) -Hong Kong police detained several people and Chinese authorities restricted access to Beijing’s Tiananmen Square on Tuesday on the 35th anniversary of the crackdown on pro-democracy protesters, as cities in Taiwan and elsewhere marked the date. Chinese tanks rolled into the square before dawn on June …

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In Japan, energy security fears put nuclear back in favour for 2040 plan

5 Jun 2024

By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan is set to push for more nuclear power in an energy policy update due next year, seeking stable electricity supply in face of growing demand and heightening geopolitical risks, but is likely to struggle to meet its targets, industry experts say. The country slashed reliance on …

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Indonesia’s Mt Ibu volcano erupts, spewing clouds of ash

4 Jun 2024

JAKARTA (Reuters) – Indonesia’s Mount Ibu volcano erupted on Tuesday, spewing thick columns of grey ash five km (three miles) into the sky, the volcanology agency said, but there were no immediate reports of evacuations. The volcano on the eastern island of Halmahera erupted at 5:36 a.m. for about two minutes, said Heruningtyas Desi Purnamasari, …

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