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International

Why Japan May Join China, U.S. On Moody’s Downgrade Watchlist
Japan could perhaps make a plausible argument for avoiding that fate if Prime Minister Fumio Kishida weren’t fighting for his political life.Lists of major economies facing credit downgrade risks in 2023 share a curious omission: Japan. Odd, given the bewildering number of headwinds zooming Tokyo’s way from all directions. They include a deepening Chinese slowdown, fallout from the highest U.S. yields in 17 years, and a crushing Japanese debt lo...
China's Xiaomi unveils first electric car, plans to become top automaker
Chinese smartphone maker Xiaomi (1810.HK) took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of the world's top five automakers. The sedan, dubbed the SU7 with the SU short for Speed Ultra, is a highly anticipated model that Chief Executive Lei Jun touted as having "super electric motor" technology capable of delivering acceleration speeds faster than Tesla (TSLA.O) cars and Porsche's EVs...
China's Huawei says expects revenue up almost 9% in 2023
  A Huawei logo is seen outside the fence at its headquarters in Shenzhen, Guangdong Province, China. Photo by Reuters Chinese tech giant Huawei said Friday it "weathered the storm" of U.S. sanctions as it announced a rise of almost 9% in revenues in 2023, a year that saw it shock Washington with the release of a high-end smartphone. The Shenzhen-based giant has been at the center of an intense standoff between China and the United State...
China expects searing heat, more weather extremes in 2024
China - grappling with one of its coldest Decembers on record - will likely have to brace for another round of scorching heat and an increase in extreme weather next year due to the El Nino weather phenomenon, a senior climate expert said. This year has seen China lurch from some of its hottest temperatures logged since 1850 to a harsh cold snap that froze many parts of the country for close to a fortnight earlier this month. "2024 may be hot...
Plane with Indian passengers leaves France after police release
A plane with close to 300 Indian passengers detained near Paris over suspicions of human trafficking took off Monday for Mumbai after being cleared for departure by French police. The Airbus A340 carrying 303 Indians had been bound for Nicaragua when it was detained last Thursday at Vatry airport, east of Paris, where it had stopped for refuelling. It had arrived from Dubai and there was an anonymous tip-off that it was carrying potential victi...
At least 113 killed in attacks in central Nigeria, local official says
The death toll in weekend attacks in the central Nigerian state of Plateau has risen to 113, a local official said on Monday, in a region where clashes between herders and farmers are common. It is the worst outbreak of violence in Plateau since May, when more than 100 people were killed in farmer-herder attacks. AFP News Agency had cited the Nigerian army on Sunday as saying 16 people were killed in the latest attacks. The acting chairman of...
China earthquake death toll rises to 149, two still missing after a week
One of China's most powerful earthquakes in recent years killed at least 149 people in a remote northwestern region, according to state media, with two people still missing after the magnitude 6.2 temblor hit a week ago. The epicentre of the quake straddled the provinces of Gansu and Qinghai in an area where many of China's Hui people, a tight-knit ethnic minority characterised by its distinctive Muslim identity, are found. Gansu bore the brunt...
BOJ's Ueda signals chance of policy shift, progress on price goal
Bank of Japan Governor Kazuo Ueda said on Monday the likelihood of achieving the central bank's inflation target was "gradually rising" and it would consider changing policy if prospects of sustainably achieving the 2% target increase "sufficiently". While companies are becoming more open to raising wages and prices, the key is whether wages will continue rising next year and lead to further increases in service prices, Ueda said. "If the vir...
Japan prepares for missile shipments after easing arms export restrictions
Japan said on Friday it would prepare to ship Patriot air defence missiles to the United States after revising its arms export guidelines earlier that day, in the pacifist nation's first major overhaul of such export curbs in nine years. The announcement comes as Japan, which had long adopted a stance of not allowing exports of deadly weapons, seeks to boost its defence industry amid an increasingly tense security environment in the Indo-Pacific...
Indonesia nickel smelter furnace blast kills 13 workers, wounds 38
Thirteen workers were killed and 38 were injured on Sunday in the explosion of a nickel smelter furnace owned by Indonesia Tsingshan Stainless Steel (ITSS) on Sulawesi island, the owner of the industrial park where the smelter is located said. The blast occurred when workers repaired the furnace and installed plates at 5:30 a.m. on Sunday (2130 GMT on Saturday), killing eight Indonesian workers and five Chinese workers, Indonesia Morowali Indust...
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