India’s economic transformation is kicking into high gear.
January 29, 2023
India’s economic transformation is kicking into high gear.
BANGKOK—The production of opium in Myanmar has flourished since the military’s seizure of power, with the cultivation of poppies up by a third in the past year as eradication efforts have dropped off and the faltering economy has led more people toward the drug trade, according to a United Nations report released Thursday.
Chinese are turning to social media influencers and celebrities for tips about treating Covid, after the country’s whipsaw reversal in virus strategy undermined trust in government advice and health officials.
UNITED NATIONS—The United Nations forecast Wednesday that global economic growth will fall significantly to 1.9 percent this year as a result of the food and energy crisis sparked by the war in Ukraine, the impact of the Covid-19 pandemic, persistently high inflation and the climate emergency.
TOKYO—A senior EU official said Friday that Russia has taken its war against Ukraine to “a different stage” by making indiscriminate attacks on civilians and non-military targets, while criticizing Moscow for triggering recent moves by Germany and the United States to send advanced tanks to Ukraine.
WASHINGTON—The US economy expanded at a 2.9 percent annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
Japan and the Netherlands are poised to join the US in limiting China’s access to advanced semiconductor machinery, forging a powerful alliance that will undercut Beijing’s ambitions to build its own domestic chip capabilities, according to people familiar with the negotiations.
Myanmar’s military government took an early step toward holding parliamentary elections, but it did so by imposing strict rules on political parties that may make fair balloting difficult.
From Washington to Berlin to Kyiv, a Western decision to send battle tanks to Ukraine was hailed enthusiastically. Moscow sought to downplay it.
WASHINGTON—The US economy likely rolled out of 2022 with momentum, registering decent growth in the face of painful inflation, high interest rates and rising concern that a recession may be months away.
Berlin’s airport said it has canceled all passenger flights Wednesday because of a strike organized by the Verdi union, severing the German capital from international air travel.
VATICAN CITY—Saying “we must walk patiently in China,” Pope Francis views continued dialogue with Beijing as the guiding principle in his efforts to safeguard his flock, who are a small minority in that Asian nation.
WASHINGTON—The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the US government.
China’s actions in talks among countries that lent money to Zambia are delaying a restructuring of the African nation’s debt, and Beijing needs to move on from unfeasible demands, the head of the World Bank said.
WELLINGTON, New Zealand—Chris Hipkins was sworn in Wednesday as New Zealand’s 41st prime minister, following the unexpected resignation last week of Jacinda Ardern.
When Rylae-Ann Poulin was a year old, she didn’t crawl or babble like other kids her age. A rare genetic disorder kept her from even lifting her head. Her parents took turns holding her upright at night just so she could breathe comfortably and sleep.
The Biden administration has confronted China’s government with evidence that suggests some Chinese state-owned companies may be providing assistance for Russia’s war effort in Ukraine, as it tries to ascertain if Beijing is aware of those activities, according to people familiar with the matter.
HALF MOON BAY, California—Seven people were killed in two related shootings Monday at agricultural businesses in a Northern California community, marking the state’s third mass killing in eight days, including an attack at a dance hall that killed 11 during Lunar New Year celebrations.
Working from home is saving commuters around the world 72 minutes a day, time they’re splitting between their jobs, leisure and caregiving, a new study shows.
BANGKOK—A human rights group and 16 people from Myanmar have filed a criminal complaint in Germany seeking punishment of Myanmar’s generals for genocide, war crimes and crimes against humanity they alleged were committed in that country after their 2021 government takeover and during a 2017 crackdown on Muslim Rohingya.
BENGALURU, India—For six years, Pravinbhai Parmar’s farm in Gujarat state in western India has been lined with rice, wheat and solar panels.
London residents ware weathering the cost-of-living crunch better than people in the rest of the UK, one research group concluded.
HONOLULU—One of the world’s most prestigious and storied surfing contests—dubbed the “Super Bowl of Surfing”—went forward Sunday in Hawaii for the first time in seven years with towering wave faces and a gigantic swell that was expected to grow throughout the day.
China said its Covid-related death toll topped more than 12,600 in the week before the Lunar New Year holiday, while a top health official suggested more than 1.1 billion people had been infected since virus controls were abruptly dismantled late last year.
Incoming New Zealand Prime Minister Chris Hipkins will prioritize the economy as a recession looms and may jettison some of Jacinda Ardern’s policies as he seeks to win back the political middle ground ahead of an October election.
MONTEREY PARK, California—The hunt for a gunman who killed 10 people at a ballroom dance club during Lunar New Year celebrations ended Sunday when authorities found him dead of a self-inflicted gunshot wound in the van he used to flee after people thwarted his attempt at a second shooting.
The Australian government is looking to speed up the purchase of a new generation of sea mines to protect its ports amid growing concern over China’s military build-up and expanding influence in the Pacific.
By Carla Bridi / The Associated Press
New Zealand’s next prime minister credits time spent in a police cell for sparking his interest in national politics.
By Zeke Miller, Michael Balsamo & Colleen Long / The Associated Press
BEIJING—People across China rang in the Lunar New Year on Sunday with large family gatherings and crowds visiting temples after the government lifted its strict “zero-Covid” policy, marking the biggest festive celebration since the pandemic began three years ago.
KYIV, Ukraine—Alina Kapatsyna often dreams about getting a phone call from her mother. In those visions, her mother tells her that she’s coming home.
KABUL, Afghanistan—Last June, a team of female doctors and nurses drove six hours across mountains, dry riverbeds and on unpaved roads to reach victims of a massive earthquake that had just hit eastern Afghanistan, killing more than 1,000 people.
BANGKOK—A hoped-for boom in Chinese tourism in Asia over next week’s Lunar New Year holidays looks set to be more of a blip as most travelers opt to stay inside China if they go anywhere.
Oil headed for a second weekly gain as optimism over stronger Chinese demand overshadowed a weaker outlook in other major economies.
BEIJING—Asian stock markets rose Friday after Wall Street losses deepened as worries grow that the US economy is headed for recession.
Over the past few years, Vietnamese Communist Party Chief Nguyen Phu Trong has won praise from investors for removing corrupt officials. Now as some big names fall, it’s becoming clear his campaign serves another purpose: strengthening his hand in choosing a successor.
CIA Director William Burns traveled to Kyiv last week, where he sought to reassure Ukrainian leaders that the US would maintain support as the war drags on.
Alibaba Group Holding Ltd. co-founder Jack Ma is in Hong Kong for a series of meetings with tech and finance executives, sustaining a recent flurry of activity that’s taken him round the world in the span of months.
WASHINGTON—FBI Director Christopher Wray said Thursday that he was “deeply concerned” about the Chinese government’s artificial intelligence program (AI), asserting that it was “not constrained by the rule of law.”
President Joe Biden visited California on Thursday to tour communities devastated by deadly storms and flooding and to assess first-hand the need for additional federal aid in a state whose deep-pocketed Democratic donors will be important to any 2024 reelection bid.
Close to half a million workers are ready to strike on a single day as Britain faces an escalation of industrial action across a number of sectors.
Microsoft is cutting 10,000 workers, almost 5 percent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.
Investment into China slumped in the final two months of last year by the most on record as the government made its chaotic exit from Covid Zero and infections spread across the country.
KINSHASA, Congo—Mass graves containing the bodies of 49 civilians have been discovered in northeastern Congo after a series of weekend attacks blamed on a local militia, the United Nations said Wednesday.
KYIV, Ukraine—A helicopter crash in a Kyiv suburb Wednesday killed 18 people, including Ukraine’s interior minister and three children, Ukrainian authorities said.
ZURICH—US Treasury Secretary Janet Yellen sits down with her Chinese counterpart Wednesday in the highest-ranking contact between the two countries since their presidents agreed to look for ways to improve relations that have grown increasingly strained in recent years.
BRUSSELS—The European Union pushed forward on Tuesday with a major clean tech industrial plan, which not only should keep the continent in the vanguard of plotting a greener future but also guarantee its economic survival as it faces challenges from China and the United States.
BANGKOK—Vietnamese President Nguyen Xuan Phuc resigned Tuesday, becoming the most senior member of the government to step down after a series of high-profile corruption scandals for which he was held responsible.
Trade between the US and China is on track to break records, a signal of resilient links between the world’s top economies amid the heated national security rhetoric in Washington and fears of “decoupling.”
Teachers and nurses plan to strike in England and Wales next month as unions remain at loggerheads with the government over below-inflation pay deals.
UNITED NATIONS—More than 90 countries have expressed “deep concern” at Israel’s punitive measures against the Palestinian people, leadership and civil society following a UN request for an advisory opinion by the International Court of Justice on the legality of Israeli policies in the occupied West Bank and east Jerusalem.
DNIPRO, Ukraine—Ukrainian emergency crews on Monday sifted through what was left of a Dnipro apartment building destroyed by a Russian missile, placing bodies from one of the war’s deadliest single attacks in months in black bags and gingerly carrying them across steep piles of rubble.
BERLIN—Germany’s much-criticized defense minister announced her resignation Monday following a series of missteps while her department steers the massive project of modernizing the country’s military and oversees expanding weapons deliveries to Ukraine.
Sentiment among Canadian firms is at its lowest since the Covid-19 pandemic and inflation expectations remain elevated, Bank of Canada surveys show.
VISALIA, California—Six people—including a 17-year-old mother and her 6-month-old baby—were killed in a shooting early Monday at a home in central California, and authorities are searching for at least two suspects, sheriff’s officials said.
China’s population started shrinking in 2022 for the first time in six decades, a milestone for the world’s second-largest economy, which is facing an increasingly serious demographic crisis.
DENVER—Earth’s fever persisted last year, not quite spiking to a record high but still in the top five or six warmest on record, government agencies reported Thursday.
Prime Minister Narendra Modi’s goal of making India the world’s factory risks being held back by the country’s inability to attract bigger container ships due to inadequate port infrastructure.
POKHARA, Nepal—A plane making a 27-minute flight to a Nepal tourist town crashed into a gorge Sunday while attempting to land at a newly opened airport, killing at least 68 of the 72 people aboard. At least one witness reported hearing cries for help from within the fiery wreck, the country’s deadliest airplane accident in three decades.
LONDON—Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum’s annual meeting gets underway.
ABU DHABI, United Arab Emirates—US climate envoy John Kerry backs the United Arab Emirates’ decision to appoint the CEO of a state-run oil company to preside over the upcoming UN climate negotiations in Dubai, citing his work on renewable energy projects.
KYIV, Ukraine—The death toll from the weekend Russian missile strike on an apartment building in the southeastern Ukrainian city of Dnipro has risen to 35, an official said Monday.
BEIJING—A massive explosion at a chemical plant in northeastern China has killed at least two people and left 12 missing.
ABUJA, Nigeria—A Nigerian priest was burned alive in his home in the country’s north on Sunday, police said.
Oil steadied as optimism that China’s reopening will boost energy demand was balanced by slowdowns in other parts of the world.
SAN JUAN, Puerto Rico—Puerto Rico announced Sunday that it plans to privatize electricity generation, a first for a US territory facing chronic power outages as it struggles to rebuild a crumbling electric grid.
LONDON—People worldwide are gloomier about their economic prospects than ever before and trust business far more than other institutions like governments, nonprofits and the media in an increasingly divided world, according to a survey from public relations firm Edelman.
BEIJING—China on Saturday reported nearly 60,000 deaths in people who had Covid-19 since early December, offering hard numbers for an unprecedented surge that was apparent in overcrowded hospitals and packed crematoriums, even as the government released little data about the status of the pandemic for weeks.
LONDON—UK Prime Minister Rishi Sunak on Saturday promised to provide tanks and artillery systems to Ukraine, amid renewed missile attacks by Moscow targeting multiple Ukrainian cities for the first time in nearly two weeks.
DUBAI, United Arab Emirates—Iran said Saturday it executed a former high-ranking defense ministry official and dual Iranian-British national, despite international warnings not to carry out the death sentence. The execution further escalated tensions with the West amid the nationwide anti-government protests shaking the Islamic Republic.
A decade ago, China used low prices to dominate solar manufacturing, wiping out Western competitors just as worldwide demand for panels started to soar. The US and Europe are determined not to let the same thing happen with hydrogen.
Southeast Asia, like much of the rest of the world, is losing patience with King Dollar.
The world economy is beginning the new year on a more optimistic note, though that’s no guarantee 2023 will end that way.
Oil headed for a weekly gain of around 6 percent on China’s improving demand outlook and as US inflation cooled.
China’s exports fell further in December as global demand continued to drop off, adding to pressure on the economy as it charts a hasty, uncertain path out of Covid Zero.
NEW YORK—A New York man pleaded guilty Thursday to a hate-crime manslaughter charge for beating a Chinese immigrant who was collecting cans to earn money.
President Joe Biden’s handling of classified documents erupted into a political crisis with potential legal repercussions on Thursday after the attorney general appointed a special counsel to investigate the incident.
WASHINGTON—The US has now collected 510 reports of unidentified flying objects (UFO), many of which are flying in sensitive military airspace.
TOKYO—Japanese prosecutors formally charged the suspect in the assassination of former Prime Minister Shinzo Abe with murder, sending him to stand trial, a Japanese court said Friday.
The largest known deposit of rare earth minerals in Europe has just been discovered in Sweden’s Arctic, with potential to help the continent break free from China’s dominance on the market for the resources.
China’s Covid outbreak could continue for another two to three months as there are parts of the vast country yet to be hit, according to the former chief scientist at the Chinese Center for Disease Control and Prevention.
Prolific criminal hackers were behind a cyberattack on the UK’s Royal Mail that has shut down its ability to send international letters and parcels, according to two people familiar with the matter.
LONDON—The leaders of Britain and Japan signed a defense agreement Wednesday that could see troops deployed to each other’s country.
KYIV, Ukraine—The fate of a devastated salt-mining town in eastern Ukraine hung in the balance Wednesday in one of the bloodiest battles of Russia’s invasion, while Ukraine’s unflagging resistance and other challenges prompted Moscow to shake up its military leadership again.
China hasn’t updated its daily Covid reports for three days, adding to global concerns that the information vacuum is masking the true impact of the world’s biggest outbreak.
China still needs to share more information about the transmission of Covid-19 and the strains that are circulating, World Health Organization officials said.
NEW YORK—Thousands of flights across the US were canceled or delayed Wednesday after a system that offers safety information to pilots failed, and the government launched an investigation into the breakdown, which grounded some planes for hours.
KYIV, Ukraine—Russian forces are escalating their onslaught against Ukrainian positions around the wrecked city of Bakhmut, Ukrainian officials said, bringing new levels of death and devastation in the grinding, monthslong battle for control of eastern Ukraine that is part of Moscow’s wider war.
RIO DE JANEIRO—“No amnesty! No amnesty! No amnesty!”
WASHINGTON—The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies—the United States, Europe and China—the World Bank warned on Tuesday.
ROME—Pope Francis on Monday broke his silence on the nationwide protests convulsing Iran, denouncing the recourse to the death penalty there and seemingly legitimizing the rallies as demonstrations “demanding greater respect for the dignity of women.”
After years of drought, California is in a long flood fight as waves of storms roll in off the Pacific, killing at least 14 people, closing highways up and down the state and sending residents fleeing for their lives.
China saw about a quarter of a million travelers enter the country on its first day of reopening, though the figure remains a fraction of pre-pandemic flows.
TAIPEI, Taiwan—Lithuanian lawmakers on a visit to Taiwan took aim at China Tuesday, saying the world’s second largest economy tried to use all sorts of measures to change Lithuania’s decision to break diplomatic norms in warming up relations with the self-ruled island democracy.
DUBAI, United Arab Emirates—Islam’s annual hajj pilgrimage in Saudi Arabia will return to pre-pandemic levels this year after restrictions saw the annual religious commemoration curtailed over concerns about the coronavirus, authorities say.