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KUCHING, Malaysia -- Sarawak, a resource-rich state in Malaysia with an ambitious sustainable energy agenda, is drawing interest from the European Union, but the 27-nation group's top official in the country says the bloc needs new cooperative mechanisms for its companies to take advantage of the opportunity.
WASHINGTON (Reuters) -- The U.S. military on Saturday carried out its first airdrop of aid into Gaza, three U.S. officials said, after the deaths of Palestinians queuing for food underlined the growing humanitarian catastrophe in the crowded coastal enclave after months of Israeli military operations.
Japanese stocks are maintaining a record-breaking run this week, bolstering expectations that the central bank will soon end its negative interest rates policy that has weakened the yen and lured overseas investors.
By the same token, she says moving away from China’s trickier business environment – especially for companies that want to steer clear of sanctions Washington has imposed – will not always be practical since the country remains a critical part of global supply chains. You truly have to be partners with China, she says.
The currency continues to hover close to its lowest-ever level on elevated pressure from expectations of a US Fed rate change and sustained weakness in China’s economy.
The European Central Bank on Thursday reported its first annual loss since 2004, following hefty payouts because of higher interest rates.
Turkey's central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive months of hikes.
BEIJING (AP) — Two people are dead after a massive container ship crashed into a bridge south of the city of Guangzhou in southern China early Thursday, causing a section of the bridge to come crashing down along with vehicles.