World News
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US and China diplomats meet in Vienna for talks amid soaring tensions
US National Security Advisor Jake Sullivan and top Chinese diplomat Wang Yi gathered in Vienna this week for talks aimed at maintaining communication between Washington and Beijing amid soaring tensions, particularly over Taiwan. The two officials engaged in eight hours of discussions in the Austrian capital, covering a range of topics, including the Russian invasion of Ukraine and Taiwan –…
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Biden and senior Republicans meeting postponed for further staff discussions
Crunch negotiations between US President Joe Biden and senior Republicans have been delayed until early next week, allowing staff to continue their discussions, according to a statement from the White House yesterday. An insider familiar with the talks between the Democratic and Republican leaders described this as a positive development, implying that it was not the right time for the…
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Revolut CFO Mikko Salovaara resigns amid banking licence delays
Financial technology company Revolut announced yesterday that its Chief Financial Officer, Mikko Salovaara, aged 31, will be departing the firm after two years in the position. A spokesperson for the London-based start-up cited “personal reasons” as the cause for his resignation. At this time, no successor has been named by Revolut. The company has been going through a challenging period…
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Elon Musk announces new CEO for Twitter and transition to CTO role
Elon Musk revealed yesterday that he has appointed a new CEO for Twitter, though he did not disclose the individual’s identity. He also stated that he will assume the position of Chief Technology Officer for the social media platform within the next few weeks. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in…
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G7 finance leaders gather amid US debt ceiling standoff and recession fears
A standoff over raising the US debt ceiling overshadowed a meeting of Group of Seven (G7) finance leaders, heightening US recession fears as central banks seek a soft landing for the global economy. President Joe Biden recently urged Republican lawmakers to move quickly to raise the limit on the government’s permitted borrowing from the current US$31.4 trillion or risk throwing…
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Austrian billionaire’s Nazi-linked jewel collection fetches over $155 million at auction
Jewellery once owned by Austrian billionaire Heidi Horten, who passed away last year at the age of 81, has fetched over US$155 million in a recent controversial auction held in Geneva by Christie’s. The auction faced criticism from Jewish groups due to connections to Horten’s husband, who made his fortune under the Nazis. However, Christie had argued that the sale…
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Gaza violence escalates as Israel and militants trade heavy fire
Overnight, Israel’s army and Gaza militants exchanged heavy cross-border fire, resulting in at least 22 Palestinians killed over two days. This marks the worst escalation of violence to impact the coastal territory in months. In response to incoming rocket attacks, sirens blared in the Tel Aviv area and Israel’s south. There were reports of launches from Gaza, while Israeli officials…
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Imran Khan’s duel with Pakistan military and its impact on nation’s democracy
Former Prime Minister Imran Khan has become a controversial figure in Pakistan, causing tension with the country’s military, long considered the primary power broker in the nation. His arrest this week comes after a series of critical statements against a senior intelligence officer, escalating the conflict between Khan’s popularity and the military’s significant influence. According to US-based Stimson Center analyst…
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Record number of internally displaced people due to overlapping crises
An unprecedented “perfect storm” of overlapping crises forced tens of millions to flee within their own countries last year, sending the number of internally displaced people (IDPs) soaring to an all-time high. In 2022, a record 71.1 million IDPs were registered, up 20% from the previous year. This staggering increase was a result of mass displacement due to Russia’s war…
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Streaming platforms battle for anime market dominance
As anime’s popularity continues to reach new heights, major streaming platforms are vying for dominance in the lucrative market. Fuelled partly by the pandemic, this animated genre has grown into a multi-billion-dollar industry, with the global market valued at US$28.6 billion in 2022, according to Grand View Research, and expected to double by 2030. Aya Umezu, CEO of Tokyo-based entertainment…
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China increasingly uses yuan for trade with Russia, sidelining the dollar
China has significantly raised its use of the yuan for purchasing Russian commodities in the past year, with almost all its procurement of oil, coal, and some metals from the neighbouring country now settled in the Chinese currency instead of US dollars, multiple trading executives with direct knowledge of the situation have revealed. The shift towards using the yuan to…
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Philippine economy grows 6.4 per cent in first quarter, beating expectations
The economy of the Philippines experienced a 6.4% expansion in the first quarter compared to the previous year, according to the country’s statistics agency. This development surpasses expectations, with analysts previously predicting a 6.1% annual growth in the gross domestic product (GDP). On a quarterly basis, growth slowed to 1.1% compared to the earlier reported 2.4% expansion in the previous…
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Disney reduces streaming losses but sheds subscribers as earnings meet expectations
Walt Disney has reported a reduction in streaming losses by US$400 million from the previous quarter; however, the company also experienced a drop in subscribers. The entertainment giant shared this information on Wednesday as part of its recent quarterly earnings release, which fell in line with Wall Street expectations. Following the report, shares of Disney declined by 4.4% during after-hours…
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Extreme rainfall impacts China’s rice yields, study reveals
Extreme rainfall has reduced China’s rice yields by 8% over the past two decades, according to a study led by researchers from the country. The research, published in the peer-reviewed journal Nature Food, discovered that the effects of extreme rainfall on rice yields were similar to those of extreme heat. Projections show that by the end of this century, extreme…
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China’s shrinking birth rate impacts baby product manufacturers
A decline in China’s population is creating a challenging environment for the country’s baby and children’s product manufacturers, as domestic sales plummet and companies grapple with finding alternative revenue streams. As the world’s largest market for baby food and diapers, valued at US$37.9 billion annually, prepares to contract for the first time, firms are turning their attention to products for…
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China faces backlash over pressure on dissidents abroad but remains undeterred
China is currently facing a strong backlash from Western countries such as the United States, Canada, and the United Kingdom, regarding its controversial efforts to pressure dissidents and their advocates abroad. Despite arrests, expulsions, and investigations taking place, Beijing remains persistent and undeterred in its actions. Isaac Stone Fish, founder and CEO of Strategy Risks, suggests that the increasingly assertive…
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Myanmar peace plan progress lacking, says Indonesia’s president
Despite having agreed to implement a peace plan with the Association of Southeast Asian Nations (ASEAN) two years ago, Myanmar’s ruling military has made no significant progress, according to Indonesia’s president. Speaking on the second day of the ASEAN leaders’ meeting in Labuan Bajo, President Joko Widodo stressed the need for the bloc’s unity in deciding the next steps to…
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Fumio Kishida’s unexpected political comeback in Japan
It seems that remembering the name of Japan’s Prime Minister Fumio Kishida may be worth it after all, despite the nation’s rapid turnover of leaders. Kishida’s premiership began positively in late 2021 but faced challenges when ties between the ruling Liberal Democratic Party and the Unification Church became a focal point in the media after the killing of former leader…
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US prepares for migrant surge as Mexico border restrictions set to end
Tens of thousands of US law enforcement personnel have been deployed to the border with Mexico, according to officials, as waiting migrants voiced confusion and anger over an impending change to entry rules. The United States is preparing for a surge in people claiming refuge from political persecution, climate-related disasters, and poverty when pandemic-era restrictions expire overnight later this week.…
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Inter Milan triumph in Champions League last-four derby against AC Milan
Inter Milan is well on their way to the Champions League final after a superb 2-0 victory against AC Milan in last night’s pulsating last-four derby at the San Siro. Ahead of Tuesday’s second leg, Inter has taken control of the most significant Milan derby in years, thanks to goals from Edin Dzeko and Henrikh Mkhitaryan in the opening 11…
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Ukrainian journalist’s hedgehog rescue offers light amidst the devastation of war
Amid the devastation in Ukraine covered by AFP journalist Arman Soldin, 32 years old, one moment stands out as a touching act of kindness in the face of war—the rescue of a wounded hedgehog. Unfortunately, Soldin lost his life to rocket fire just days after sharing the heartwarming story on Twitter. The thread documents the journey of nursing the hedgehog…
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French PM Elisabeth Borne seeks removal of biography passages on her private life
French Prime Minister Elisabeth Borne, aged 62, has filed a lawsuit demanding the removal of certain sections of a recently published biography, claiming that they breached her privacy. The biography was written by journalist Berengere Bonte and released by the Archipel publishing house. The legal complaint, brought before a court in Nanterre near Paris, identifies passages concerning Borne’s health, sexual…
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Fighting intensifies in Khartoum as Sudanese struggle with shortages
The Sudanese capital, Khartoum, and the city of El Obeid, located 350 kilometres southwest, are witnessing ongoing violent clashes, forcing many locals to flee their homes and face dangerous journeys across the country’s borders. For those unable to leave, food and essential supply shortages have become a pressing problem, with people relying on local charity networks and neighbours for survival.…
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Tributes pour in for AFP journalist killed in Ukraine
Grief and condolences have been flooding in following the tragic death of AFP journalist Arman Soldin, who was killed while covering the conflict in Ukraine – Europe’s deadliest since World War II. Soldin’s death occurred when the AFP team he was with came under fire by Grad rockets while accompanying a group of Ukrainian soldiers near Bakhmut, which has remained…
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UK prime minister defends police after anti-monarchist arrests during coronation
LONDON – UK Prime Minister Rishi Sunak defended the country’s police forces on Tuesday, emphasizing their operational independence after facing criticism for arresting anti-monarchists prior to a protest at King Charles III’s coronation. Sunak expressed his support for London’s Metropolitan Police, which had been condemned for detaining six members of the advocacy group Republic just hours before Saturday’s event. “They…
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Former PM Imran Khan arrested amidst political crisis and protests in Pakistan
Protests have broken out across Pakistan following the arrest of former prime minister Imran Khan during a court appearance in Islamabad. Khan is facing a multitude of charges since being ousted from power last year in what analysts believe is a tactic used by Pakistani governments to quieten their opponents. If convicted, Khan could be prohibited from holding public office,…
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US jury deliberates on Donald Trump’s liability in rape allegation lawsuit
New York – A US jury began deliberations on Tuesday to determine whether former president Donald Trump is liable for the alleged rape of an American former magazine columnist in the mid-1990s. If the nine jurors rule in favour of accuser E. Jean Carroll, it would mark the first time Trump has faced legal consequences over claims of sexual misconduct.…
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Biden holds crucial meeting with Republicans on US debt limit impasse
President Joe Biden recently held a crucial meeting with Republican leaders to address the impasse over the US debt limit, which has far-reaching consequences on the world’s largest economy as well as the upcoming presidential election. The meeting at 4pm included Biden, House Speaker Kevin McCarthy, and Senate Republican leader Mitch McConnell. As the national debt ceiling, currently standing at…
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Japan works towards opening NATO liaison office in Tokyo
Japan is progressing with plans to establish a NATO liaison office in Tokyo, according to Japan’s ambassador to the US, Koji Tomita. Speaking at an event held by the National Press Club in Washington, Tomita referred to a report by Nikkei Asia earlier this month, which stated that the US-led alliance intends to open the office – it’s first in…
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Fast food slows down amid technology advancements and post-pandemic challenges
Fast food restaurants have long been associated with swift service and short wait times. However, recently in Singapore, a student had to wait for around ninety minutes for her McDonald‘s meal, sparking debate online as to why the fast food industry appears to be slowing down despite the growing use of self-service technologies. The traditional fast food model of operation…
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