Yellen ‘eager’ to work with China on debt, other global challenges

By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. At a press conference before a meeting…

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China, Russia to start joint air and sea drill in Sea of Japan

By Yew Lun Tian BEIJING (Reuters) – A Chinese naval flotilla set off on Sunday to join Russian naval and air forces in the Sea of Japan in an exercise aimed at “safeguarding the security of strategic waterways”, according to China’s defence ministry. Codenamed “Northern/Interaction-2023”, the drill marks enhanced military cooperation between China and Russia…

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Credit Suisse inquiry will keep files secret for 50 years

By John Revill ZURICH (Reuters) -A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The document means the investigating commission would hand over its files to the Swiss Federal Archives…

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Trans-Pacific trade pact members gathering information on aspiring joiners

By Lucy Craymer AUCKLAND (Reuters) -Members of a major trans-Pacific trade pact said on Sunday they were gathering information on China, Taiwan and other countries interested in joining the agreement to see whether they were able to meet the pact’s “high standards”. The comments followed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) meeting…

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Ukraine says Russian shelling kills 1 in Kharkiv, injures 7 in Zaporizhzhia

(Reuters) -A civilian was killed and another wounded in Russian shelling in Ukraine’s Kharkiv region, while seven were injured in a village in Zaporizhzhia, Ukrainian officials said on Sunday. The Kharkiv and Zaporizhzhia regions in Ukraine’s east and southeast have seen fierce combat throughout much of the 17 months since Moscow invaded its neighbour, with…

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US, South Korea, Japan hold missile defence drill after North’s ICBM launch

SEOUL (Reuters) – The U.S., South Korea and Japan held a joint naval missile defence exercise on Sunday to counter North Korea’s evolving nuclear and missile threats, the South’s navy said, days after the North launched an intercontinental ballistic missile (ICBM). North Korea fired its latest Hwasong-18 missile, which Pyongyang describes as the core of…

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U.S. Southwest broils, heatwave forces Athens to close Acropolis

By Deborah Kyvrikosaios and Liliana Salgado ATHENS/PHOENIX (Reuters) – Greece closed the ancient Acropolis during the hottest part of the day on Friday to protect tourists as southern Europe suffered in a fierce heatwave, while more than 100 million Americans also faced a prolonged spell of sweltering weather. The European Space Agency (ESA), whose satellites…

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