Canada to Increase Military and Economic Ties in Indo-Pacific

Canada to Increase Military and Economic Ties in Indo-Pacific

The 26-page document, an advance copy of which was seen by Bloomberg, includes a lengthy section on China, which it refers to as an “increasingly disruptive global power.” It cites multiple military, security and economic threats posed by the country, while acknowledging the need to work with it on issues such as climate change, global … Read more

Stocks, China Assets Face Rough Open as Covid Unrest Hits Mood

Stocks, China Assets Face Rough Open as Covid Unrest Hits Mood

The dramatic turn of events adds fresh uncertainties to the outlook of the world’s No. 2 economy and its markets, just as some recent loosening of virus controls and sweeping property rescue efforts have helped Chinese stocks stage a remarkable rebound. The protests, triggered by a deadly fire in an apartment block under lockdown in … Read more

India’s Top Court to Consider Legalizing Same-Sex Marriage

India’s Top Court to Consider Legalizing Same-Sex Marriage

The petition, which was filed this month by a couple, evoked India’s Special Marriage Act, a law that originally legalized interfaith unions. The couple drew on earlier landmark rulings in India, including one declaring privacy a fundamental right and another that decriminalized gay sex in 2018. .

Pakistan Surprises With Steep Rate Hike to Stop Inflation Spiral

Pakistan Surprises With Steep Rate Hike to Stop Inflation Spiral

Street vendors set up outside closed stores in Karachi, Pakistan, on Sunday, Sept. 19, 2021. Pakistan’s central bank is expected to hold its key interest rate for a seventh straight meeting even as an economic recovery from the pandemic is fanning Asia’s fastest inflation. .

Charting the Global Economy: OECD Raises Inflation Forecast

Charting the Global Economy: OECD Raises Inflation Forecast

(Bloomberg) — Central banks around the world must be steadfast in their inflation fight even though economies will suffer as a result, the OECD said this week. The organization boosted its 2023 inflation estimates and said it expects price increases the following year to remain above the targets set by many global central banks. While … Read more

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

The daily Covid testing also proved to be flawed. As many as 20 workers’ throat swabs were put into one tube to speed testing and lower costs. If the results came back positive, all the workers whose samples were in that one tube were put into isolation for further testing. Those who worked on the … Read more

Shock World Cup Win Boosts Japan Broadcaster, Sports-Tied Stocks

Shock World Cup Win Boosts Japan Broadcaster, Sports-Tied Stocks

DOHA, QATAR – NOVEMBER 23: Niklas Suele of Germany reacts after Takuma Asano of Japan scored their team’s second goal during the FIFA World Cup Qatar 2022 Group E match between Germany and Japan at Khalifa International Stadium on November 23, 2022 in Doha, Qatar. (Photo by Alex Grimm/Getty Images) .

Iran’s World Cup Team Shuns National Anthem to Back Protests

Iran’s World Cup Team Shuns National Anthem to Back Protests

At other sporting events, Iranian teams have also taken a stand. The men’s water polo team refused to sing during the Islamic Republic’s anthem at an event on Nov. 8. Iranian sportswomen have competed unveiled at international tournaments, for the first time in decades, drawing the ire of authorities. .

Three More Countries at Risk of Currency Crisis in 2023, Nomura Says

Three More Countries at Risk of Currency Crisis in 2023, Nomura Says

The warning is based on analysis of eight indicators including FX reserves import cover, real short-term interest rates, as well as fiscal and current account measures, according to Nomura’s Damocles Index which assessed 32 emerging markets’ vulnerability to a currency crisis. .