Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more
Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more
The five people will be sentenced on Saturday and face up to two years in prison for publishing books aimed at explaining the democratic movement to children. A Hong Kong court has convicted five speech therapists of sedition over a series of illustrated children’s books depicting the city’s pro-democracy supporters as sheep defending their village … Read more
Speaking at an economic forum in the Far Eastern city of Vladivostok, Putin tried to defend the costs of what he called his country’s “special military operation” in Ukraine, despite recent reports from the Western intelligence services indicating that Russia is facing severe shortages military personnel and equipment. “We have not lost anything and are … Read more
Russian President Vladimir Putin and Chinese President Xi Jinping plan to meet next week in Uzbekistan, a Russian official said on Wednesday, announcing a summit that could mark a new stage in warming ties between two powers that clash from increasingly against the West. The meeting at the Shanghai Cooperation Organization – a political, economic … Read more
Pakistan pays price for climate crisis caused by other countries: minister Pakistan is facing the worst consequences of the climate crisis, thanks in part to actions by the developed world, Finance Minister Miftah Ismail has said, as the country battles the worst floods in its history. Ismail joins a chorus of supporters from the flooded … Read more
BEIJING (AP) — Authorities in Chengdu, southwest China, have maintained strict COVID-19 lockdown measures on the city’s population of 21 million despite a major earthquake that left killed at least 65 people in outlying areas. Footage circulating online on Tuesday showed workers wearing top-to-bottom protective gear preventing residents of apartment buildings from exiting through locked … Read more
NEW DELHI (AP) — India commissioned its first locally-built aircraft carrier on Friday as it seeks to counter the much larger and growing fleet of regional rival China and expand its own capabilities. of indigenous shipbuilding. INS Vikrant, whose name is a Sanskrit word meaning ‘mighty’ or ‘brave’, is India’s second operational aircraft carrier, joining … Read more
The move was a stark reminder of how far the country is willing to go to stick to the zero-tolerance approach favored by leader Xi Jinping, with the megacity shutting down after more than 700 cases were reported the previous week. . And it came despite previous efforts by authorities to quell rumors that such … Read more
MOSCOW (AP) — Russia said on Monday it would launch extensive military drills in the east of the country that would involve Chinese forces — a show of increasingly close defense ties between Moscow and Beijing amid tensions with the West about the Kremlin’s action in Ukraine. The Russian Defense Ministry said exercise Vostok 2022 … Read more
