Japan tentatively cuts stakes in Russia’s Sakhalin 2

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SEOUL – Japan’ t Mitsui & Co and Mitsubishi Corp announced on Tuesday that they have slashed their stakes in the Russian Far East-based Sakhalin 2 oil and natural gas project by a combined 217. seven billion yen ($1. 7 billion), based on Kyodo News. However, they are not pulling out of what has been recommended as […]

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Appeal of traditional Mideast cuisine faces tough competition 

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Food and cooking are so deeply entrenched within the culture and history of the Middle East that recipes have made it for centuries. It is a creative art form. And yet, more recently, food in the region, like a lot of parts of the world, is becoming characterized by shortages, traceability, costs, composition and the latest trends. As soon as an […]

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Does al-Zawahri’s death mark the end of al-Qaeda

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Ayman al-Zawahri, leader of al-Qaeda and also a plotter of the 9/11 terrorist attacks, continues to be killed in a jingle strike in the Afghan city of Kabul, based on the US government. Al-Zawahri was the successor to Osama bin Laden and his death designated “one more measure of closure” to the groups of those killed in […]

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India’s homemade carrier ready to flex and float

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After thirteen years of development and US$2. 5 billion in spending, Indian is set to commission payment its first indigenous aircraft carrier, the particular Maritime Executive reviews. The INS Vikrant was transferred on July 28 from Cochin Shipyard Restricted (CSL) to the Indian Navy in advance of a commissioning ceremony planned for August fifteen, which marks India’s Independence […]

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China’s C919 poised to challenge Boeing, Airbus

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China’ t C919 narrowbody passenger jet has finished all test flights, bringing the plane one step closer to receiving a good airworthiness certificate regarding commercial operations within China. Commercial Aircraft Corp of The far east (Comac), founded within 2008 and headquartered in Shanghai, has spent almost seven years testing the self-developed C919 airliner, which ultimately aspires to compete with […]

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CHIPS Act no panacea for US chip woes

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The particular CHIPS Act associated with 2022 is an US$52. 7 billion subsidy to semiconductor companies in the United States.   The particular funding, mostly targeted at the construction of recent chip fabrication services, or fabs within the trade, can be awarded in up to $3 billion chunks associated with cash to any US-based company making “ advanced” semiconductors.     The only US-based […]

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Illegal fishing threatening global food supplies

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The Covid-19 pandemic has resulted in interruptions to global food-distribution networks, and in the particular aftermath, it will be more important than ever to address the void of illegal, unreported, and additionally unregulated (IUU) fishing. Globally, seafood use has continued in order to climb in recent years like unprecedented growth of an important middle class worldwide has […]

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Why Pelosi’s Taiwan visit is so dangerous

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Chinese Leader Xi Jinping’s warning to his Usa counterpart Joe biden that “if an individual play with fire, you will find yourself burned” is the most hooligan rhetoric China boasts directed towards the Country in decades, potentially since the United States and the People’s Republic regarding China established diplomatic relations in 1972. The reason why China so […]

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War clouds gathering in Asian skies

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SEOUL – US House Loudspeaker Nancy Pelosi is certainly expected to arrive in Taiwan this evening (August 2), just as South Korea and the US kick off two months of shared military drills on the Korean peninsula. Along with Taiwan being a hyper-sensitive touch point just for China, Beijing has been issuing dire alerts ahead of the rumored […]

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US Fed puts China on edge of a liquidity trap

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The volatility within the yuan over the last 7 days dramatizes the tough road ahead for your People’s Bank associated with China (PBOC).

PBOC Chief excutive Yi Gang invested the last six-plus several weeks trying to pull off the precarious balancing act: supporting flagging development while preventing surging global inflation from upending Asia’s greatest economy.

This feat gets harder by the day thanks to  Yi’s version in Washington, Jerome Powell . At Government Reserve headquarters, Governor Powell is scrambling to clean up a mess of his own development.

Because the Fed didn’t tighten when it could – say, 12 months back – it’s actively playing catchup on the worst inflation in 40 years. Right now, fears of recession have Powell on the tightrope the likes of which the Fed has never needed to navigate.

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