Sri Lanka won’t be able to resolve its debt restructuring problems without help from China as the country teeters on the brink of economic collapse, according to analysts. Sri Lanka has defaulted on its debt, plunging the island nation into its worst financial crisis since independence in 1948. In addition to fuel shortage, the country … Read more
Seoul, South Korea CNN – A US Navy destroyer sailed near a disputed South China Sea island chain on Wednesday, challenging the restrictions imposed by China and others on transit through the area. Lt. Nicholas Lingo, a spokesman for the US Navy’s 7th Fleet headquartered in Japan, said it was the second so-called freedom of … Read more
The G7 Partnership for Global Infrastructure and Investment will help finance infrastructure projects in developing nations. The leaders of the Group of Seven (G7) nations have pledged to raise $ 600bn in private and public funds over five years to finance infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. US … Read more
Hong Kong CNN – After days of mounting public pressure, Chinese police have finally issued an update on the investigation into a brutal restaurant attack in Tangshan – but the statement has done little to quell public outrage, or address concerns for the victims. The assault, which took place in the early hours of June … Read more
WASHINGTON (AP) – President Joe Biden ordered emergency measures Monday to boost crucial supplies to US solar manufacturers and declared a two-year tariff exemption on solar panels from Southeast Asia as he attempted to jumpstart progress towards his climate change-fighting goals. His invoking of the Defense Production Act and his other executive actions come amid … Read more
SHANGHAI (AP) – Traffic, pedestrians and joggers reappeared on the streets of Shanghai on Wednesday as China’s largest city began returning to normalcy amid the easing of a strict two-month COVID-19 lockdown that has drawn unusual protests over its heavy-handed implementation. . Shanghai’s Communist Party committee, the city’s most powerful political body, issued a letter … Read more
Former security chief John Lee is due to take office on July 1, the 25th anniversary of Hong Kong’s return to Chinese rule. Hong Kong’s next leader John Lee is visiting Beijing, where he is expected to get the central government’s official nod before he officially takes office in a month. Lee, 64, a former … Read more
Two Secret Service employees have been sent home from Seoul, South Korea, and placed on administrative leave after an off-duty incident in which one of the two had a physical “altercation” with a local taxi driver, sources familiar with the situation tell CBS. News. The Secret Service employees, one a special agent and one a … Read more