Sunday, 28 Apr 2024

Asia

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Morning Briefing: Top stories from The Straits Times on Dec 18

Good morning! Here are our top stories to kick-start your Wednesday, Dec 18. Markings being drawn on footpaths to remind e-scooter users of footpath ban: LTA The markings depict an e-scooter rider against a yellow background, with a red stroke cutting diagonally across the image. PHOTO: LAND TRANSPORT AUTHORITY/FACEBOOK All nine cycling towns will progressively […]

Kyrgyz headgear makes Unesco’s heritage list

Kyrgyzstan has said it hopes to attract more tourists after its distinctive national hat, the kalpak, won Unesco intangible heritage status. “This gives the international community a chance to get to know our mountainous country,” Kyrgyzstan’s Deputy Tourism Minister Maksat Uulu Damir told AFP. The bell-shaped felt headgear worn by men is white with black […]

U.S. banking regulators see shortcomings in 'living wills' for six banks

WASHINGTON (Reuters) – Two U.S. banking regulators signed off on Tuesday on “living wills” submitted by eight large U.S. banks, although the regulators said six of those plans had shortcomings that must be addressed. The Federal Reserve and the Federal Deposit Insurance Corporation said all the plans show how the banks could be safely dissolved […]

Why the State Dept. Has Largely Been Muted on India’s Moves Against Muslims

WASHINGTON — China’s detention of one million ethnic Uighur Muslims has been described by Secretary of State Mike Pompeo as Orwellian, a “gross human rights violation” and “one of the worst stains on the world of this century.” In Myanmar, the ethnic cleansing campaign against Rohingya Muslims is “deeply abhorrent to our way of life” […]

Trade and fiscal policy action needed to avoid global 'liquidity trap': BoE's Carney

LONDON (Reuters) – Central banks risk their policy tools becoming ineffective unless there is better cooperation from governments on trade and fiscal policy, Bank of England Governor Mark Carney said on Tuesday. “In a global liquidity trap, central banks cannot be the only policymakers who do ‘whatever it takes’, Carney said at a dinner in […]

'Ticking bomb': Poland's economic progress under threat – post-communist reformer

WARSAW (Reuters) – Thirty years ago, Leszek Balcerowicz unleashed the “shock therapy” that put Poland on the path to rapid economic growth after decades of communist rule. Business boomed, the economy expanded and the former finance minister and central bank chief won plaudits in the West for his reforms. But after three decades of economic […]

Dollar ticks up, pounds falls from 1-1/2 year high

NEW YORK (Reuters) – The U.S. dollar rose modestly on Tuesday, lifted by a dramatic slide in the pound after British Prime Minister Boris Johnson put a no-deal exit from the European Union back on the table. Britain on Tuesday set a hard deadline of December 2020 to reach a new trade deal with the […]

Lighthizer: Details on China trade purchases to be written out

WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer on Tuesday said details of Chinese purchases across U.S. agriculture, manufacturing, energy and service sectors in the “phase one” China trade deal would be detailed in writing. Lighthizer, outlining the purchases in the agreement, told Fox Business Network in an interview: “This will all be written out,” […]

Man throws dog out of moving car in Pasir Ris, NParks appeals for information

SINGAPORE – A man who shoved a dog out of a car window is being investigated by the National Parks Board’s Animal and Veterinary Service (AVS), the agency said on Tuesday (Dec 17). The incident happened at night in Lorong Halus near Pasir Ris. NParks is appealing to members of the public for information and […]