U.S., other APEC delegates walk out on Russian speaker
Bangkok: Delegates from the United States and four other nations staged a walkout Saturday when a representative from Russia began his opening remarks at a meeting of trade ministers of the Asia-Pacific Economic Cooperation group in the Thai capital, officials said. A Japanese official said Japan’s Trade Minister Koichi Hagiuda and his counterparts from the […]
Biden signs USD 40B for Ukraine assistance during Asia trip
Seoul: President Biden on Saturday signed legislation to support Ukraine with another USD 40 billion in U.S. assistance as the Russian invasion approaches its fourth month. The legislation, which was passed by Congress with bipartisan support, deepens the U.S. commitment to Ukraine at a time of uncertainty about the war’s future. Ukraine has successfully defended […]
As Biden visits Asia, China launches South China Sea drills
Beijing: China is holding military exercises in the disputed South China Sea coinciding with U.S. President Joe Biden’s visits to South Korea and Japan that are largely focused on countering the perceived threat from Beijing. China’s Maritime Safety Administration office in the southern island province of Hainan said the drills began Thursday and will continue […]
Japan welcomes new US Indo-Pacific economic initiative
Tokyo: Japan welcomes a new US economic initiative for the Indo-Pacific that President Joe Biden is expected to roll out during a visit to Tokyo next week because it demonstrates American commitment to a regional economic order that is not just about market access, an official said on Friday. Biden is proposing the new Indo-Pacific […]
Russia-Ukraine war impact draws focus of G7 finance leaders
Koenigswinter (Germany): Finance ministers for the Group of Seven leading economies on Thursday will deal with the immediate effects of Russia’s war in Ukraine and the COVID-19 pandemic, overtaking their more ambitious plans to reform the global economy. A refugee crisis, high inflation, food insecurity exacerbated by the wa r and climate change, and the […]
US, banks unveil plan to ease food crisis from Russia’s war
Bonn (Germany): Ahead of the G7 finance ministers’ meetings, the US Treasury, several global development banks and other groups unveiled a multi-billion dollar plan meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine. Treasury announced Wednesday that several global development banks are “working swiftly to bring to bear their financing, […]
EU rushes out $300 billion roadmap to ditch Russian energy
Brussels: The European Union’s executive arm moved Wednesday to jump-start plans for the 27-nation bloc to abandon Russian energy amid the Kremlin’s war in Ukraine, proposing a nearly 300 billion-euro ($315 billion) package that includes more efficient use of fuels and faster rollout of renewable power. The European Commission’s investment initiative is meant to help […]
Tamim ton puts Bangladesh in charge of 1st test on Day 3
Opener Tamim Iqbal’s first century against Sri Lanka put Bangladesh in charge of the first test after three days on Tuesday. Bangladesh was 318-3, only 79 runs behind Sri Lanka’s 397. Tamim made 133 off 217 balls before retiring due to muscle cramp during the tea interval. But Mushfiqur Rahim and Liton Das put on […]
Ukraine working to pull last fighters from Mariupol mill
Kyiv: Hundreds of Ukrainian fighters defending the last holdout in Mariupol were evacuated to areas controlled by Russian-backed separatists and officials worked Tuesday to get the rest out, signalling the beginning of the end of a siege that became a symbol of Ukrainian resistance. Russia called the operation a mass surrender. The Ukrainians avoided using […]
UK raises stakes in EU spat with threat to break Brexit deal
London: The British government dramatically escalated a fight with the European Union on Tuesday by saying it will pass a law to change the trade treaty signed by the two sides less than two years ago. Britain says its move to scrap parts of the legally binding treaty is an insurance policy in case it […]
