Tag: Region Asias

Israeli Shelling Damages Gaza Hospital, Halts Surgeries Palestinian health officials reported on Sunday that Israeli forces shelled Kamal Adwan Hospital in Beit Lahiya, northern Gaza, severely damaging critical infrastructure. The attack disrupted electricity and oxygen pumps, halting urgent surgeries and medical care. The hospital, one of three barely operational in northern Gaza, was struck by around 100 tank shells and bombs. Several medical staff members and patients were wounded during the attack, and access to operating rooms remains contingent on…

TAIPEI, Taiwan (AP) — China sent 14 warships, seven military aircraft and four balloons near Taiwan between Saturday and Sunday, according to Taiwan’s Defense Ministry, as Beijing ramps up pressure on the island it claims as its own. China’s military activities come amid speculation Beijing might organize military drills around the island in response to Taiwanese President Lai Ching-te’s recent visit to Pacific allies, including U.S. stops in Hawaii and Guam. China claims Taiwan, a self-ruled democracy of 23 million…

Teva Pharmaceutical Industries said on Thursday it will transfer ownership of its business venture that sold generics in Japan to JKI. Israel-based Teva’s deal with JKI will transfer all the shares of the unit Teva-Takeda and its subsidiary Teva Takeda Yakuhin to the firm. Teva-Takeda is a joint venture established in 2016 by Japanese drugmaker Takeda and Teva, focusing primarily on the business of generic and off-patent medicines. JKI was established by a fund managed and operated by private equity…

Vietnam has suspended the operations of Chinese online retailer Temu after it failed to meet a government deadline to register the company by the end of November. It is unclear if Temu, a unit of Chinese e-commerce giant Pinduoduo, will be allowed to resume its business once it registers. The suspension comes after the ministry had raised concerns about the authenticity of Temu’s extremely cheap products and their impact on Vietnamese manufacturers. Temu said Thursday it was working with the…

South Korean prosecutors have opened an investigation into President Yoon Suk Yeol, his interior minister, and the now-former defence minister over their roles in an attempt to impose martial law, Yonhap news agency reported on Thursday. Kim Yong-hyun, who resigned as South Korean defence minister over his involvement in Tuesday’s martial law order, also faces a travel ban as prosecutors investigate, Yonhap said. The other two do not face such bans. Citing unspecified threats from “anti-state forces” and obstructionist political…

One bitcoin will now set you back six figures. The cryptocurrency’s break above the $100,000 milestone has felt inevitable since Donald Trump’s election as the next U.S. president on a crypto-friendly platform. While it is just a number, it highlights how cryptos have carved out a place in modern financial markets. Some commentators joked that perhaps a sales pitch from children and grandchildren around the Thanksgiving table was enough to get it past $100,000 – after investors in recent weeks…

A member of China’s powerful Central Military Commission has been suspended and put under investigation, the country’s Defense Ministry said Thursday. Miao Hua was director of the political work department on the commission, which oversees the People’s Liberation Army, the world’s largest standing military. He was one of five members of the commission in addition to its leader, Chinese President Xi Jinping. Defense Ministry spokesperson Wu Qian said Miao is under investigation for “serious violations of discipline,” which usually alludes…

(Reuters) – Australia’s competition watchdog said on Friday it had given Virgin Australia [IPO-VIR.AX] and Qatar Airways interim approval to operate flights between Doha and Brisbane, Melbourne, Perth and Sydney under an integrated alliance. The two airlines can start marketing and selling 28 weekly scheduled return flights between the destinations, the Australian Competition and Consumer Commission said in a statement. Qatar Airways had said in October that it was set to buy a 25% stake in Virgin Australia from U.S….

BEIJING (Reuters) – China’s factory activity likely expanded modestly for a second straight month in November, adding to a string of recent data suggesting that a blitz of stimulus is finally trickling through and giving producers in the world’s No.2 economy a much needed boost. A Reuters poll of 21 economists estimated the official purchasing managers’ index (PMI) would come in at 50.2 when the data is released on Saturday, higher than October’s reading of 50.1 and above the 50-point…

NEW YORK – Huawei Technologies asked a US judge to dismiss much of a federal indictment accusing the Chinese telecommunications company of trying to steal technology secrets from US rivals and misleading banks about its business in Iran. In a Friday night filing in federal court in Brooklyn, Huawei said there was no proof of a conspiracy, calling the charge part of the Department of Justice’s “ill-founded” China Initiative to prosecute people and companies with ties to China. Huawei said…

(Reuters) – The International Criminal Court’s governing body will launch an external investigation into its chief prosecutor Karim Khan over alleged sexual misconduct, two sources familiar with the matter said on Friday. Khan is called on in an internal document circulated to member states to temporarily step down from his role at the world’s permanent war crimes court, based in The Hague, while an inquiry is ongoing. The undated and unsigned document, seen by Reuters, was circulated to member states…

LOS ANGELES – Leonard Francis, the Malaysian military contractor known as “Fat Leonard”, was sentenced to 15 years in prison on Nov 5 for his role in the US Navy’s worst-ever corruption scandal. Francis, 60, was also ordered to pay US$20 million (S$26.3 million) in restitution to the US Navy by a federal judge in San Diego and to forfeit US$35 million in ill-gotten gains, said the US Attorney’s office for the Southern District of California in a statement. Francis,…

ROME (AP) — Tens of thousands of demonstrators took to the streets in seven Italian cities on Saturday calling for an immediate cease-fire in the Middle East, Ukraine and all global conflicts. Peaceful rallies were held in Rome, Turin, Milan, Florence, Bari, Palermo and Cagliari, with the support of hundreds of associations committed to peace, disarmament and human rights. The marches came in response to escalating violence in the Middle East and growing conflicts worldwide and denounced the diminished role…

TAIPEI, Taiwan (AP) — The United States has approved $2 billion in arms sales to Taiwan, including the first-time delivery to the self-ruled island of an advanced surface-to-air missile defense system, in a move sure to anger China. Taiwan’s presidential office on Saturday thanked Washington for greenlighting the potential arms sales. Under the island’s new president, Lai Ching-te, Taiwan has been stepping up defense measures as China increased its military threats against the territory it claims as its own. Beijing…

Global financiers are poised to flock to Saudi Arabia’s annual flagship investment conference next week as a tightening of the kingdom’s purse strings and a deepening of regional conflict cloud the outlook. Among those expected to descend on the Future Investment Initiative (FII) in Riyadh are top CEOs, including Goldman Sachs’ David Solomon, BlackRock’s Larry Fink, Citigroup’s Jane Fraser and the London Stock Exchange’s Julia Hoggett. The high-profile event, first held in 2017, fills an opulent hotel in the capital…