GANDHINAGAR, India—On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms. Yellen told reporters…
Yellen Visits India Again to Promote Closer Ties and Tackle Global Economic Problems
Taiwanese Groups Protest Against Service Trade Agreement With Communist China
July 16, 2023
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Asia & PacificChina Business & EconomyChina NewsChinese RegimeCross-Strait Service Trade AgreementGlobal ExpansionInternational RelationsMa Ying-jeouSpecial TopicsTaiwanTrojan HorseWorld
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The Cross-Strait Service Trade Agreement has recently become a hot topic during Taiwan’s national election. Candidates from different parties have been urged to express their stance on it to the public. Professional groups have protested against the controversial agreement with China, which has been waiting for ratification by Taiwan’s Legislative Yuan for nearly a decade….
New Zealand Prime Minister Vows No Wealth, Capital Gains Tax Ahead of Election
New Zealand Prime Minister Chris Hipkins revealed that he struck down a wealth tax and capital gains tax (CGT) that the Labour Party had been working on for the 2023 budget. “I’m confirming today that under a government I lead there will be no wealth or capital gains tax after the election. End of story,”…
UK Signs Treaty to Join Indo-Pacific Trade Bloc CPTPP
The UK has formally signed the treaty to join a vast free trade area spanning the Indo-Pacific region, in a move the government says will be a “big boost for British businesses.” Business and Trade Secretary Kemi Badenoch signed the accession protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Auckland, New…
Every Foreign Company in China Accepts CCP as Business Partner: Rep. Gallagher
July 15, 2023
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The Chinese Communist Party (CCP) is a partner of every foreign company doing business in China, a congressional committee warned on Thursday, as lawmakers and experts went to great lengths to explain how corporate environments in China are vastly different. “There is no such thing as a ‘private company’ in China,” Rep. Mike Gallagher (R-Wis.),…
South Korea Landslides, Floods Kill More Than 20, Over 4,000 Evacuated
SEOUL—Twenty-two people have died, 14 were missing and thousands evacuated in South Korea as of Saturday, according to ministry data, as a third day of torrential rains caused landslides and the overflow of a dam. As of 6 p.m. (0900 GMT), 4,763 people had been evacuated nationwide, according to the Ministry of Interior and Safety,…
At Least 31 Killed by Heavy Rains in South Korea; Rescuers Hunt for Missing People
SEOUL—Five bodies of people who were trapped under a tunnel submerged by heavy rains in central South Korea were pulled out on Sunday, firefighting authorities said, taking the death toll from the days of torrential rains that pounded the country to 31. The five people were found from a bus that has been submerged at…
‘Absolutely Horrific’: US Doctors’ Group Comes Out Against CCP’s Forced Organ Harvesting
July 15, 2023
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Asia & PacificChina Human RightsChina Newschina tribunalFalun Gongforced organ harvestingOrgan HarvestingOrgan Harvesting in Chinapersecutionreligious freedomSpecial TopicsUSUS NewsUS-China relationsWorld
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A U.S. doctors’ group is taking a stance on the Chinese regime’s industrial-scale murder of prisoners of conscience for their organs, urging U.S. authorities and doctors to do what they can to stop enabling the abuse. “Overwhelming evidence” indicates that the Chinese Communist Party (CCP) has been incarcerating and committing forced organ harvesting on religious,…
Rocket Engine Explodes Mid-Test in Japan’s Latest Space Mishap
An engine being designed for Japan’s Epsilon S space rocket exploded during testing, in the latest mishap for the nation’s space program. The Japan Aerospace Exploration Agency (JAXA), has been making efforts to launch advanced rockets, to compete with Elon Musk’s SpaceX. JAXA had previously aborted the inaugural launch of its Mitsubishi-built, next-generation H3 liquid fuel…
Gloomy Outlook for China Exports, as Economy Struggles to Recover Amid Weakened Global Demand
July 14, 2023
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China’s exports rapidly declined last month as part of an economic downturn unseen since the beginning of the COVID-19 pandemic. Chinese policymakers are under pressure to implement new stimulus measures in light of the challenges that the global economy is currently experiencing. The first quarter saw a momentary pickup in China’s economic recovery following the…
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