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Global recession is not inevitable despite looming risks: China Daily contributor

BEIJING (CHINA DAILY/ASIA NEWS NETWORK) – The global economy will narrowly avoid a recession. This is what we (at Oxford Economics) continue to believe, although the United States, Canada, and most European nations are likely to fall into recession at some point over the next year or so. Avoidance of a global contraction despite several […]

Aung San Suu Kyi, Australian economist jailed 3 years by Myanmar court

BANGKOK – Deposed Myanmar leader Aung San Suu Kyi was handed a three-year prison term on Thursday for breaching the country’s Official Secrets Act, several media outlets have reported. This adds to the existing 20 years jail she is serving for a range of offences, including electoral fraud, corruption and violating Covid-19 pandemic restrictions – charges […]

Taiwan ready to welcome tourists again as it confirms end of quarantine for visitors

Taiwan has confirmed that it will end its mandatory Covid-19 quarantine for travellers from Oct 13, in its latest step to reopen to tourists.  The date was first floated last week amid a string of other announcements to ease the island’s strict border control measures, including the end of polymerase chain reaction tests for travellers arriving […]

China’s Xi: Attach great importance to development of China-Japan relations

BEIJING – China’s President Xi Jinping said in a phone call with Japan’s Prime Minister Fumio Kishida on Thursday he attaches great importance to the development of China-Japan relations, state television CCTV reported. Mr Xi said he is willing to work with Mr Kishida to build China-Japan relationships, CCTV said, citing a phone call between […]

US V-P Kamala Harris lands in South Korea day after North Korea’s missile launches

SEOUL – United States Vice-President Kamala Harris on Thursday arrived in South Korea on a trip aimed at underscoring the strength of Washington’s alliance with Seoul, a day after nuclear-armed North Korea tested more ballistic missiles. Ms Harris landed at Osan air base following a trip to Tokyo, where she attended the state funeral of […]