The Philippines gives the US greater access to bases amid concerns from China

The Philippines and the United States have agreed to add four sites under EDCA The agreement comes amid tensions in the South China Sea, over Taiwan EDCA allows the United States access to Philippine military bases MANILA (Reuters) – The Philippines has given the United States expanded access to its military bases, Philippine defense chiefs … Read more

Apparently Israel was behind a drone strike on an Iranian factory – US official

Drones target a factory near Isfahan, and there were no casualties Iran: “cowardly” attack will not slow down nuclear activity Israel refuses to comment DUBAI/WASHINGTON (Reuters) – A US official said on Sunday that Israel appeared to be behind a drone attack on a military factory in Iran. Iran claimed that it had intercepted drones … Read more

Zelensky flags reshuffling after allegations of corruption

Zelensky says the upcoming changes in government and regions, corruption allegations are most salient in the war The former Minister of Economy praises the government’s response The head of the ruling party threatens the officials with imprisonment Kyiv (Reuters) – Ukrainian President Volodymyr Zelensky said on Monday imminent changes in the government, regions and security … Read more

Poland is seeking an alliance to send Leopard tanks to Ukraine

Poland says it plans to send Leopard tanks to Ukraine Germany hints at approval as the Allies apply pressure President Zelensky grapples with a corruption scandal Russia says the tank debate shows NATO’s division WARSAW/BRUSSELS Jan 23 (Reuters) – Poland said on Monday it will ask Germany for permission to send Leopard tanks to Ukraine … Read more

China’s video game makers are coming in cold as crackdowns ease

HONG KONG (Reuters) – China’s end to a massive crackdown on the video game market is expected to revive the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Severe restrictions imposed by Beijing in 2021 have laid waste to the once thriving industry, … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corporation (MSFT.O) On Wednesday, it said it would cut 10,000 jobs and charge $1.2 billion in profits, as cloud computing customers reassess their spending and the company prepares for a possible recession. The layoffs, which were much larger than the cuts Microsoft made last year, add to the … Read more

Davos 2023: Recession overshadows the opening of the World Economic Forum summit

DAVOS, Switzerland (Reuters) – The prospect of an imminent global recession cast a long shadow over Davos on Monday as participants packed into the opening annual meeting of the World Economic Forum about the potential cost to their economies and businesses. Two-thirds of the leading private and public sector economists surveyed by the World Economic … Read more

The Bank of Japan faces more tests to control yields as inflation picks up

The Bank of Japan discusses market distortions, and many fear further action The Bank of Japan decided to keep its short- and long-term interest rate targets stable The Board saw inflation expectations raised in a new quarterly report Governor Kuroda is likely to brief the media at 0630 GMT TOKYO (Reuters) – The Bank of … Read more

Biden’s climate agenda has a problem: Not enough workers

Jan 11 (Reuters) – U.S. clean energy companies are offering better wages and benefits, flying in trainers from abroad, and considering ideas such as buying roofers and electrical repair shops to hire only their own workers as the companies try to overcome a labor shortage that threatens to derail it. President Joe Biden’s Climate Change … Read more

Pfizer CEO rules out generic COVID drug Paxlovid for China

Jan. 9 (Reuters) – Pfizer Inc (PFE.N) It’s not in talks with Chinese authorities to license a generic version of its COVID-19 treatment Paxlovid for use there, CEO Albert Bourla said Monday, but it is in discussions about the price of the branded product. Reuters reported on Friday that China is in talks with Pfizer … Read more