Reuters Asia - Squid Business

CIA’s Burns: U.S. needs to de-risk and diversify away from China

(Reuters) – Central Intelligence Agency Director William Burns said on Saturday that decoupling from China would be foolish given the deep economic interdependence so the United States should try to diversify its supply chains. “China is the only country with both the intent to reshape the international order and increasingly the economic, diplomatic, military and …

CIA’s Burns: U.S. needs to de-risk and diversify away from China Read More »

Sri Lanka parliament approves domestic debt restructuring plan

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the International Monetary Fund (IMF). The plan passed with a majority of 122 votes in the 225-member parliament. Sri Lanka tumbled into its worst financial crisis in more than …

Sri Lanka parliament approves domestic debt restructuring plan Read More »

Chinese military delegation visited UK, France

BEIJING (Reuters) – A Chinese military delegation visited the Britain and France from June 24 to Saturday to discuss the development of bilateral defence relations, China’s Ministry of Defence said on Saturday. The delegation of the People’s Liberation Army’s defence strategy consultation exchanged in-depth views on international and regional security issues of common concern, and …

Chinese military delegation visited UK, France Read More »

South Korea LGBT festival proceeds, bumped from prime spot by Christian group

By Hyunsu Yim SEOUL (Reuters) – Tens of thousands attended South Korea’s largest annual LGBT festival on Saturday, vowing to continue fighting for gay rights after the Seoul city government denied them a prime spot and gave it to an anti-LGBT Christian group. The Seoul Queer Culture Festival, staged outside city hall in the nation’s …

South Korea LGBT festival proceeds, bumped from prime spot by Christian group Read More »

Cricket-Dream11 to sponsor India team for three years

(Reuters) – Fantasy gaming company Dream11 will be the lead sponsor of India’s national cricket team for three years, the country’s cricket board announced on Saturday. The Dream11 logo will be seen on India’s jerseys starting from the test series against the West Indies this month, which will be the team’s first assignment in the …

Cricket-Dream11 to sponsor India team for three years Read More »

India’s goods and services tax receipts rise 12% y/y in June

By Shivangi Acharya NEW DELHI (Reuters) – India’s goods and services tax (GST) collections rose nearly 12% year-on-year to 1.61 trillion rupees ($19.61 billion) in June, a government statement showed on Saturday. The government collected 1.45 trillion rupees as GST in June 2022 and a record 1.87 trillion rupees in April 2023. It expects to …

India’s goods and services tax receipts rise 12% y/y in June Read More »

Indonesia’s Java escapes 6.4 magnitude quake with few casualties, light damage

Jakarta (Reuters) -A magnitude 6.4 earthquake struck off the Indonesian island of Java on Friday evening, injuring at least 10 people, while one person died of suspected heart attack during the quake, the country’s disaster mitigation agency (BNPB) said. The tremor caused minor damage to hundreds of houses, some offices, health and education facilities scattered …

Indonesia’s Java escapes 6.4 magnitude quake with few casualties, light damage Read More »

India state retailers’ gasoil, gasoline sales flat in June m/m

By Shivangi Acharya and Nidhi Verma NEW DELHI (Reuters) – Indian state fuel retailers’ gasoil and gasoline sales in June were little changed from the previous month, preliminary data showed, as people avoided travel as a heat wave in May gave way to monsoon rains. Daily sales of gasoil rose marginally by 0.4% to 7.12 …

India state retailers’ gasoil, gasoline sales flat in June m/m Read More »

China urges Netherlands to not abuse export control measures

BEIJING (Reuters) – China has urged the Netherlands to not hinder bilateral cooperation in the semiconductor industry and to not abuse export controls, China’s Ministry of Commerce said in a statement. The statement was made in response to questions from the media, it said. It also said the two countries have communicated frequently and at …

China urges Netherlands to not abuse export control measures Read More »

Cambodia’s Hun Sen kicks off campaign for virtually unopposed election

PHNOM PENH (Reuters) – Cambodian Prime Minister Hun Sen on Saturday commenced his ruling party’s campaign for an election later this month – a poll that has been criticised as a sham after the main opposition party was prevented from running. The 70-year-old strongman, who has ruled the Southeast Asian nation of 16 million for …

Cambodia’s Hun Sen kicks off campaign for virtually unopposed election Read More »