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Kremlin: US military presence in Japan impedes any peace treaty with Tokyo

MOSCOW (Reuters) – The United States’ military presence in Japan has always been a stumbling block in Moscow and Tokyo reaching a peace treaty, the Kremlin said on Monday. Japanese Prime Minister Fumio Kishida is due to hold a summit in Washington this week with U.S. President Joe Biden, the first state visit by a …

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Chinese spending jumps over long holiday weekend, tops pre-COVID level

By Sophie Yu and Brenda Goh BEIJING (Reuters) – Chinese travelers spent $7.5 billion domestically during the recent Tomb Sweeping holiday, government data showed, with analysts saying the uptick was a sign that consumer confidence was strengthening, boding well for the sluggish economy. Per capita spending during the April 4-6 holiday, when the Chinese traditionally …

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SpaceX launches South Korea’s second spy satellite amid race with North

By Hyunsu Yim SEOUL (Reuters) – South Korea’s defence ministry said on Monday the country’s second homegrown spy satellite had entered orbit after its launch on a SpaceX Falcon 9 rocket from the John F. Kennedy Space Center in Florida. The launch, which comes after Seoul’s first spy satellite was put into orbit from California’s …

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Australian lawmaker visiting Taiwan broaches sensitive topic of security cooperation

TAIPEI (Reuters) -A senior Australian opposition party lawmaker broached the sensitive subject of security cooperation with Taiwan during a meeting on Monday with President Tsai Ing-wen, saying both sides have a vested interest in maintaining regional stability. Australia, like most countries, has no formal diplomatic ties with China-claimed Taiwan, but has watched with growing concern, …

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Vietnam National Assembly chairman meets China’s President Xi in Beijing

HANOI (Reuters) -Vietnam National Assembly Chairman Vuong Dinh Hue met Chinese President Xi Jinping in Beijing on Monday and proposed more cooperation between the South China Sea rivals on trade and development projects, the Vietnamese government and state media said. Hue, who arrived in China on Sunday for a week-long visit, said at the meeting …

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Exclusive-Thai PM: central bank should cut rates by at least 25 bps

BANGKOK (Reuters) – Thai Prime Minister Srettha Thavisin told Reuters the central bank should cut its key interest rate by at least a quarter point this week as the government forges ahead with a flagship handout scheme worth 500 billion baht ($13.6 billion) to revive Southeast Asia’s second-largest economy, which lags the region. The “digital …

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Buildings shake briefly as earthquake rattles Taiwan

TAIPEI (Reuters) – Buildings shook briefly during an earthquake in Taiwan’s capital Taipei on Monday. Taiwan has been rocked by hundreds of aftershocks following a 7.2 magnitude earthquake which hit the east of the island on Wednesday, killing at least 13 people. (Reporting by Ben Blanchard; Editing by Jacqueline Wong)

Weeks before a billion Indians vote, political merchandise sales pick up

By Sunil Kataria NEW DELHI (Reuters) – Weeks before India heads into a two-month-long election with nearly a billion voters, political party merchandise and flag makers are expanding operations and working overtime to meet a surge in demand. Ahead of the first voting day of the seven-phase election on April 19, garment makers are temporarily …

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US, China need ‘tough’ conversations, Yellen tells Chinese premier

By David Lawder BEIJING (Reuters) -U.S. Treasury Secretary Janet Yellen on Sunday raised her concerns about China’s excess industrial capacity with Chinese Premier Li Qiang, telling him that bilateral relations were now more stable because the two sides can have “tough” discussions. As they began a meeting in Beijing that ran 80 minutes, Li responded …

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US, Britain, Australia weigh expanding AUKUS security pact to deter China, FT says

LONDON (Reuters) -The U.S., Britain and Australia are set to begin talks on bringing new members into their AUKUS security pact as Washington pushes for Japan to be involved as a deterrent against China, the Financial Times reported. The countries’ defence ministers will announce discussions on Monday on “Pillar Two” of the pact, which commits …

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