Tag: Region Asias

Taiwan’s President Tsai Ing-wen vowed on Saturday to maintain the status quo of peace and stability across the Taiwan Strait amid high tensions with China, which has stepped up military pressure on the democratically governed island. Taiwan will not provoke and will not bow to Chinese pressure, Tsai said in a speech in the presidential office in Taipei marking the seventh anniversary of her governance. China, which considers Taiwan as its own and threatens to bring the island under its…

Leaders of the Group of Seven advanced economies are generally united in voicing concern about China. The question is how to translate that worry into action. Over the past two years, President Joe Biden’s administration has sought to reframe the relationship with Beijing and build support among like-minded nations for a strong response to what officials in Washington and some other Western democracies say is “economic coercion.” But the G7 also needs to cooperate with China on broader global issues…

The Russian branch of environmental group Greenpeace on Friday said it would shut down after authorities declared the group an “undesirable organization”, effectively banning it from operating. In a statement, Russia’s Prosecutor General said Greenpeace had tried to “interfere in the internal affairs of the state” and was “engaged in anti-Russian propaganda” by calling for sanctions against Moscow. The label “undesirable” has been applied to dozens of foreign groups since Moscow began using the classification in 2015, and effectively bans…

WASHINGTON – The United States on Friday announced sanctions on more than 300 targets as Group of Seven leaders met in Japan, aiming to punish Russia for its invasion of Ukraine and intensifying one of the harshest sanctions efforts ever implemented. The move, which targets Russia’s sanctions evasion, future energy revenues and military-industrial supply chains, marks the latest sanctions and export controls targeting Moscow, which have already hit thousands of targets and imposed steep curbs on Russia. “Today’s actions will…

MOSCOW – Russia has issued an arrest warrant for the International Criminal Court (ICC) prosecutor who in March prepared a warrant for President Vladimir Putin on war crimes charges, Russian media reported on Friday. The British prosecutor, Karim Khan, was added to the Interior Ministry’s wanted list, state-owned news agency TASS said, citing the ministry’s database. Moscow opened cases against Khan and three ICC judges on March 20, days after the order for Putin’s arrest. The ICC and its office…

LONDON – Britain on Friday published plans to ban imports of Russian diamonds, copper, aluminium and nickel and slap a new wave of sanctions against Russia, targeting companies connected to the alleged theft of Ukrainian grain. Along with the United States, Britain and other Group of Seven (G-7) major economies are set to unveil sanctions and export controls targeting Russia over its war against Ukraine at a summit in Japan this weekend. “We will legislate later this year to ban…

SINGAPORE – Singapore sovereign wealth fund GIC has tied up with Brookfield India Real Estate Investment Trust (Reit) to acquire two prime commercial real estate assets in India for a combined enterprise value of around US$1.4 billion (S$1.89 billion). The assets, to be acquired from Brookfield Asset Management’s private real estate funds, have a total area of 6.5 million square feet. They include commercial properties in Downtown Powai, a mixed-use development in Mumbai, and Candor TechSpace in Sector 48 of…

The Pentagon has so far refused to name the target of the attack. However, relatives and neighbors of the victim claim he had no affiliation with the Islamist militants.  Two unnamed officials cited by the Post raised doubts about the strike, which occurred in a rural area of Idlib Province on May 3. “We are no longer confident we killed a senior AQ official,” one of the officials said, referring to Al-Qaeda. The second official added that “though we believe…

New developments: Air raid alerts were declared throughout Ukraine early Friday, with some areas reporting explosions. The U.S. overcounted the total of U.S. military aid provided to Ukraine by about $3 billion, a senior defense official and a military official said. Ukrainian Foreign Minister Dmytro Kuleba discussed “ways to stop Russian aggression” in talks with Chinese envoy Li Hui, Ukraine said. Air raid alerts were declared across Ukraine early on Friday, local time, with some areas reporting explosions. Ukraine’s military…

BEIJING – China is considering transferring government ownership in the nation’s biggest bad debt managers to a unit of its sovereign wealth fund as part of a financial regulatory regime overhaul, according to people familiar with the matter. Under the current proposal, the Ministry of Finance will move its stakes in China Cinda Asset Management, China Great Wall Asset Management and China Orient Asset Management to Central Huijin Investment, said the people, asking not to be identified. China Investment Corp…

The office of Prime Minister Rishi Sunak outlined the measures in a statement on Thursday, voicing hopes that new restrictions would curtail Russia’s multi-billion dollar diamond trade and a range of other exports, including copper, aluminum and nickel.  “Alongside these trade measures, the government is also preparing new individual designations – targeting an additional 86 people and companies from [Russian President Vladimir] Putin’s military industrial complex, and those involved in key revenue streams such as energy, metals, and shipping,” the…

KYIV, Ukraine — Russia fired 30 cruise missiles against different parts of Ukraine early Thursday in the latest nighttime test of Ukrainian air defenses, which shot down 29 of them, officials said. One person was killed and two were wounded by a Russian missile that got through and struck an industrial building in the southern region of Odesa, according to Serhiy Bratchuk, a spokesperson for the region’s military administration. Amid the recently intensified Russian air assaults, China said its special envoy met…

Vladimir Putin had a massive underground lair built beneath his secret palace by the Black Sea, according to plans posted online by the engineering firm behind the project. The Russian president was said to have ordered the construction of tunnels, which lie about 50 metres below the surface, out of concern for his survival in the event of a revolution or war. The underground complex was built before Russia seized control of Crimea in 2014, when Putin was still cultivating…

A cache of classified US documents online last month has shed light on American intelligence gathered about other countries. The documents consist of an elaborate timeline, dozens of military acronyms, including some items marked “top secret,” which give a detailed picture of the conflict in Ukraine, raging since February 24, 2022. “Top secret” is the highest level of classification. Some documents also contain the marking NOFORN, or “Not Releasable to Foreign Nationals,” meaning they cannot be shared with foreign intelligence…

  LONDON – Ukraine has rejected a Chinese suggestion to consider an immediate ceasefire in the country’s war with Russia. In a statement issued on Wednesday after a day of closed-door meetings with Ambassador Li Hui, China’s special mediator in the conflict, Ukrainian Foreign Minister Dmytro Kuleba said: “Ukraine does not accept any proposals that would involve the loss of its territories or the freezing of the conflict.” The failed diplomatic effort comes just as the war is growing in…

Jet Airways, once a prominent player in the Indian aviation industry, is mired in prolonged uncertainty as its revival efforts face mounting obstacles. The airline’s air operator’s permit (AOP) or air operator’s certificate (AOC) is on the verge of expiration on May 19, dimming hopes of a successful turnaround this year, according to sources familiar with the matter. Jet Airways has encountered significant setbacks despite securing the AOC on May 20, 2022, courtesy of the Directorate-General of Civil Aviation, with…