Reuters Asia

Britain eyes development roles in Japan offshore wind -official

By Katya Golubkova SAPPORO, Japan (Reuters) – Britain wants to take part in developing Japan’s offshore wind power via options ranging from the participation of its energy companies to providing financing and insurance, Energy Security Secretary Grant Shapps told Reuters. The Group of Seven rich nations have agreed to speed up the development of renewable …

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South Korea fires warning shots after North’s boat crosses sea border

By Hyonhee Shin SEOUL (Reuters) -South Korea fired warning shots toward a North Korean vessel that crossed the maritime border, South Korea’s military said on Sunday, a day after the incident that further raised tension over the North’s missile tests. The South’s Joint Chiefs of Staff (JCS) said it fired warning shots and broadcast warnings …

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China launches weather satellite, flights avoid no-fly zone to north of Taiwan

BEIJING/TAIPEI (Reuters) -China launched a weather satellite on Sunday as civilian flights altered their routes to avoid a Chinese-imposed no-fly zone to the north of Taiwan which Beijing put in place because of the possibility of falling rocket debris. Taiwan’s transport ministry said Beijing had initially notified Taipei it would impose a no-fly zone from …

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Germany examining Chinese components in its 5G network, interior minister says

BERLIN (Reuters) – Germany’s Interior Ministry is examining all Chinese components that are already installed in the country’s 5G network, Minister Nancy Faeser was quoted as saying on Sunday, as Berlin re-evaluates its relationship with top trade partner China. “We have to protect our communication networks,” Faeser told Bild am Sonntag newspaper, adding that the …

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Exclusive-Sri Lanka’s bondholders send debt rework proposal to government, sources say

By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) -A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding more than $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter. It is the first bondholder proposal after the island nation …

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China’s central bank chief signals phasing out currency intervention

By Leika Kihara WASHINGTON (Reuters) – China can phase out currency intervention by gradually reducing the amount and frequency of its forays into the market, the country’s central bank governor said on Saturday, underscoring Beijing’s resolve to keep up efforts to boost the yuan’s global presence. People’s Bank of China Governor Yi Gang also said …

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Chinese spy balloon’s solar panels could power sophisticated radar -Washington Post

WASHINGTON (Reuters) – A Chinese spy balloon that was shot down by the U.S. in February carried solar panels that could generate enough electricity to power a type of radar that can generate images at night and through clouds, the Washington Post reported on Saturday, citing leaked U.S. intelligence documents. The balloon’s surveillance capabilities were …

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