Bloomberg A Jetstar Airways Pty plane carrying 136 passengers made an emergency landing in central Japan after receiving a bomb threat, public broadcaster NHK reported, citing police and airport personnel. Jetstar received a phone call at around 6:20 am Tokyo time from what appeared to be a man in Germany who said he had put a plastic bomb on ...
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Norway’s $30bn of projects to sustain gas flow to 2026
Bloomberg Norway will be able to sustain gas production at last year’s elevated level until at least 2026 thanks to 300 billion Norwegian kroner ($30 billion) of investment in new offshore fields. “Only rarely have we seen so much oil and gas produced on the Norwegian shelf as was the case last year – and only rarely have we seen ...
Read More »Alibaba leads China tech gains as regulatory woes ease further
Bloomberg The page has finally turned for Chinese tech stocks, as the end of a years-long regulatory crackdown revives demand for an industry once dubbed “uninvestable.†The Hang Seng Tech Index jumped 3.2% Monday, led by Alibaba Group Holding Ltd., after a top central bank official said the clampdown on the Internet sector was drawing to a close. The ...
Read More »Taiwan passes its chips act, offers tax credits to chipmakers
Bloomberg Taiwanese lawmakers have passed new rules that let local chip firms turn 25% of their annual research and development expenses into tax credits, part of efforts to keep cutting-edge semiconductor technologies at home and maintain the island’s technology leadership. Officials there have repeatedly said they will ensure the latest chip technologies remain in Taiwan, a point that has ...
Read More »India mulls lifting rice export curbs as supply improves, prices stabilise
Bloomberg India, the world’s biggest rice exporter, is likely to lift restrictions on grain shipments in a move that would mark a further easing of a global wave of food protectionism after Russia’s invasion of Ukraine. Authorities are actively considering removing curbs on some rice exports as domestic prices are stable, according to a person familiar with the matter. ...
Read More »Pakistan seeks $8b to rebuild after floods
Bloomberg Pakistan has appealed to the global community for $8 billion in three years to help it rebuild after devastating floods that left a third of the nation inundated in the summer. The South Asian nation needs a total of $16.3 billion to rebuild houses and farms along with rehabilitate people impacted by the floods, Prime Minister Shehbaz Sharif ...
Read More »China, Pfizer hit Paxlovid price deadlock amid Covid surge
Bloomberg Talks to negotiate a lower price for Pfizer Inc.’s Covid antiviral pill Paxlovid in China didn’t pan out, the health authority said, creating a quandary for the government amid a rampant outbreak in the world’s most populous nation. Pfizer and the government agency that oversees the state medical insurance program failed to agree on a further cut on ...
Read More »Brazil capital reels as anti-Lula rioters storm Congress, court
Bloomberg Brazil’s capital was recovering early Monday from an insurrection by thousands of supporters of ex-President Jair Bolsonaro who stormed the country’s top government institutions, leaving a trail of destruction and testing the leadership of Luiz Inacio Lula da Silva just a week after he took office. Rioters ransacked congress, the presidential palace and the top court in Brasilia on ...
Read More »Sweden signals all Turkish demands for Nato entry cannot be met
Bloomberg In the latest sign that Sweden’s entry into the North Atlantic Treaty Organization isn’t imminent, Sweden’s Prime Minister Ulf Kristersson said Turkey is asking for too much of the Nordic country in exchange for ratifying its membership. While Turkey has confirmed that Sweden has done what it said it would do, “they also say that they want things ...
Read More »US cuts Taiwan transits even as China steps up military pressure
Bloomberg The US reduced its number of naval transits through the Taiwan Strait in 2022 to the lowest level in four years even as China stepped up military pressure on the island it vows to one day control. The US 7th Fleet sent nine warships through the body of water separating China and Taiwan last year, according to Bloomberg-compiled data. ...
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