Children killed after Myanmar army helicopters fire at school
The UN says the government helicopter attacks on a rebel area killed at least eleven children.Continue Reading
Race to hike rates guarantees global recession
TOKYO — Punchbowls everywhere are becoming endangered species as central bankers scramble to yank them away with increasing urgency. Nowhere more so than here in Asia.
This metaphor is courtesy of William McChesney Martin, the US Federal Reserve’s longest-serving chairman who held the position from 1951 to 1970. He famously said a monetary authority’s role is that of a “chaperone who has ordered the punchbowl removed just when the party was really warming up.”
Since the 2008 Lehman Brothers crisis, the catchphrase markets most associate with central banks is “whatever it takes.” Mario Draghi, then-president of the European Central Bank, famously uttered these words in July 2012 amid debt-market turmoil on the continent. A year later, Bank of Japan Governor Haruhiko Kuroda would embrace a similar mantra.
Today, officials are racing to do what they can to tame inflation and keep up with current US Federal Reserve Governor Jerome Powell’s tightening cycle.
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Queen Elizabeth II funeral: Hong Kong man who attended tribute detained
He is said to have played a protest song, as well as the British national anthem, on his harmonica.Continue Reading
Gastroenteritis, malaria kill 9 more people in Pakistan floods aftermath
The influx has overwhelmed the country’s already weak health system. The provincial government has said that some 1,200 medical facilities were still marooned. “We’re overwhelmed,” said Moinuddin Siddique, director at the Abdullah Shah Institute of Health Sciences at Sehwan city, which is surrounded by the flood waters, told Reuters. MalariaContinue Reading
Kishida-Yoon sideline summit hangs in the balance
SEOUL – Will they? Or won’t they? There are conflicting reports on whether Japanese Prime Minster Fumio Kishida and South Korean President Yoon Suk-yeol will summit on the sidelines of the 77th UN General Assembly held in New York this week. The two early-in-their-term leaders – Kishida took power in October 2021, Yoon in May […]
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Penang will not hold state polls if general election is called during monsoon season: Chief minister
Mr Chow said the state government had previously stated that it might hold its polls if GE15 was called towards the end of 2022. However, the state had not considered the monsoon at that time, he said, according to New Straits Times. “At that time, we said that we mightContinue Reading
DC United forward Taxi Fountas denies using racist slur towards Inter Miami’s Damion Lowe as MLS investigates incident
DC United’s Greek forward Taxi Fountas has denied using a racist slur towards Inter Miami’s Jamaican defender Damion Lowe during Sunday’s Major League Soccer (MLS) match.Continue Reading
US stance on Taiwan hardening amid China’s threats
President Joe Biden has – not for the first time – suggested that the US would intervene “militarily” should China attempt an invasion of Taiwan._ In an interview with CBS’s “60 Minutes” on September 18, 2022, Biden vowed to protect the island in the face of any attack. Pressed if that meant the US getting […]
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Outbound Asian tourists to hit pre-pandemic levels by 2024: Agoda CEO
BANGKOK: Asian tourists are only expected to resume international travel at pre-pandemic levels gradually, by 2024, the new chief executive of online travel agency Agoda said late on Monday (Sep 19). The Asia-focused company expects tourists from Asian countries, excluding China, will take about six months after respective COVID-19 restrictionsContinue Reading
11 schoolchildren killed in Myanmar air strike: UNICEF
YANGON: At least 11 schoolchildren died in an air strike and firing on a Myanmar village, the UN children’s agency said, an attack the country’s junta said targeted rebels hiding in the area. Myanmar has been in chaos since the military seized power in a coup in February last year,Continue Reading