The budget request is for funding to mass produce ground-launched cruise missiles – an extended range version of the Mitsubishi Heavy Industries-designed Type 12 missile already in use – to strike ships, and new high-velocity glide ballistic missiles capable of hitting ground targets. The ministry is also seeking money toContinue Reading
BEIJING: China said on Wednesday (Aug 31) that a condition for the resumption of bilateral climate talks with the United States was Washington dispelling the “negative influence” left by US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan earlier this month. In response to the visit on Aug 2Continue Reading
TAIPEI: Taiwan said on Wednesday (Aug 31) it would exercise its right to self defence and “counter-attack” if Chinese armed forces entered its territory, as Beijing increased military activities near the island. Beijing, which claims Taiwan as its own against strong objections by the government in Taipei, has held militaryContinue Reading
SEOUL: The main risks to South Korea’s worsening trade balance are sluggish exports to China, high global energy prices and weak semiconductor exports, President Yoon Suk-yeol said on Wednesday (Aug 31). He made the remarks while presiding over his weekly meeting of senior officials on the economy, which was heldContinue Reading
SHANGHAI: Tesla provides shortened delivery waiting around times for its rear-wheel drive Model Ys in China to one to four weeks, it said on its Chinese website, the 2nd change in less than per month. The united states automaker previously cut the waiting period for the same version of ModelContinue Reading
TOKYO: The japanese needs over US$24 billion in expense from both the general public and private sectors to develop a competing manufacturing base regarding batteries used in places such as electric vehicles (EVs) and power storage, the industry ministry said on Wed (Aug 31). An expert panel tasked withContinue Reading
KUALA LUMPUR: Former Malaysian perfect minister Mahathir Mohamad, 97, has tested positive for COVID-19 and has been hospitalised for observation, their office said inside a statement on Wed (Aug 31). “Mahathir has been admitted to the National Heart Institute pertaining to observation for the following few days as advised byContinue Reading
TOKYO: Japan Prime Minister Fumio Kishida said on Wednesday (Aug 31) that politicians a new duty to be cautious with their ties with any organisation, plus apologised for their own party members’ documented activities with the controversial Unification Church. “As mind of the party, I actually offer my sincere apologies,Continue Reading
BANGKOK: Thailand’s economy can be expected to grow several per cent to a few. 5 per cent this year, with a slow yet steady recovery since the crucial tourism sector picks up and exports remain good, the particular finance minister stated on Wednesday (Aug 31). The number of foreignContinue Reading
SEOUL: An international tribunal has ordered the particular South Korean govt to pay Lone Star Funds US$216. five million plus fascination with a long-running dispute over the US private equity finance firm’s sale of Korea Exchange Bank. The problems awarded by the Global Centre for Arrangement of Investment Differences, howeverContinue Reading