Judicial review brought against Indonesia’s job creation decree

By Stefanno Sulaiman JAKARTA (Reuters) – A group of Indonesians on Thursday asked the Constitutional Court to carry out a judicial review of President Joko Widodo’s controversial emergency regulation on jobs creation, calling it a violation of the court’s earlier ruling. The president issued the emergency regulation on Dec. 30 to replace the 2020 Jobs …

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Festive bakes and salted caramel lattes boost Greggs’ Christmas

By Paul Sandle LONDON (Reuters) -Greggs said its Festive Bakes, mince pies and salted caramel lattes, along with breakfast and lunch offers, appealed to cash-strapped Christmas shoppers, helping like-for-like sales rise 18.2% in the final quarter. The British baker and food-to-go chain said the resilient end to the year, in contrast with a COVID-hit Christmas …

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Nigeria’s total debt to hit $172 billion after loan-to-bond swap, new borrowings -DMO

By Camillus Eboh ABUJA (Reuters) – Nigeria’s total public debt could rise to 77 trillion naira ($172 billion) this year from 44 trillion naira as of last September, after a loan-to-bond swap and new borrowings to fund the 2023 budget, the Debt Management Office chief said. The Senate last week put off a decision on …

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Sri Lanka to restart trade deal talks with India, China and Thailand – official

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka will restart negotiations on trade pacts with India, China and Thailand after a four-hear hiatus, an official said on Thursday, as the crisis-hit country races to seal deals to help it rebuild its economy. The island of 22 million is in the midst of its worst financial …

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Huge subsidies by some developed nations on green hydrogen distorting trade – India minister

By Shivangi Acharya New Delhi (Reuters) -India believes huge subsidies announced by some developed countries for their green hydrogen sector can distort trade and is in violation of World Trade Organization (WTO) norms, power minister R.K. Singh said on Thursday. Speaking at a press conference, Singh said that the big subsidies is a challenge for the industry …

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China, Philippines agree to handle disputes peacefully, boost cooperation

By Yew Lun Tian and Neil Jerome Morales BEIJING/MANILA (Reuters) -China and the Philippines have agreed to set up a direct communications channel between their foreign ministries on the South China Sea to handle disputes peacefully, they said on Thursday. Their agreement, which contained 14 elements aimed at cooling security tensions and boosting economic cooperation, …

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North Korea drone entered no-fly zone near Yoon’s office, South says

By Soo-hyang Choi and Hyonhee Shin SEOUL (Reuters) – A North Korean drone briefly entered a no-fly zone surrounding South Korea’s presidential office when it intruded into the South’s airspace last week, Seoul’s military said on Thursday, fuelling criticism over its air defences. The drone was among five North Korean drones that crossed into the …

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