Vietnam’s central bank held emergency meetings this week with commercial banks to discuss liquidity in the system, two informed sources told Reuters on Friday (Nov 4), as lenders face pressure from tightening credit conditions and higher interest rates. One of the sources with knowledge of the issue, who asked toContinue Reading
BERLIN: Chinese President Xi Jinping and German Chancellor Olaf Scholz on Friday (Nov 4) condemned threats to use atomic weapons in Ukraine, with Scholz warning that Russia risked “crossing a line” in the international community by resorting to nuclear force. In the first visit by a G7 leader to China sinceContinue Reading
BERLIN: German Chancellor Olaf Scholz campaigned for a level playing field for European and Chinese companies during his trip to China, he told journalists in Beijing on Friday (Nov 4). He had emphasised in his talks that it was necessary for German and European companies to be able to makeContinue Reading
His remarks came amid signs of dissent within the coalition after several stalwarts were dropped from the line-up.
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BEIJING: China on Friday (Nov 4) reported the highest daily count of new local COVID-19 cases in six months as outbreaks widened, pushing policymakers to walk an even finer line between holding the virus at bay while keeping a lid on social and economic angst. New locally transmitted cases roseContinue Reading
NEW DELHI: India called on rich countries on Friday (Nov 4) to live up to their promise of providing US$100 billion in annual climate finance to developing nations and urged them to increase the amount for future years at next week’s UN climate conference. In 2009, developed countries most responsibleContinue Reading
Mr Scholz will also meet Chinese Premier Li Keqiang on the one-day trip, on which he is being accompanied by top business executives. The delegation of more than 60 people was met on the tarmac at Beijing Airport by a military guard – as well as health workers in whiteContinue Reading
Sarawak’s Gabungan Parti Sarawak is one coalition seen as a potential kingmaker, said analysts. It aims to make a clean sweep of all 31 parliamentary seats at the Nov 19 polls.Continue Reading
Sarvjeet Singh, a 48-year-old autorickshaw driver, said the smog was hurting his eyes and he was finding it difficult to breathe. “There are problems, especially in the morning. It’s difficult to drive my vehicle because of the pollution. My autorickshaw is open. It will affect us more than people inContinue Reading
SEOUL: South Korea’s military said it scrambled fighter jets after detecting about 180 North Korean warplanes flying north of the military border over four hours on Friday (Nov 4). The North Korean aircraft flew north of the so-called tactical measure line, drawn up to 20km north of the Military DemarcationContinue Reading