DIRS.INFO The most relevant business & tech news

For much of this year central banks have successfully pushed back against rate cut bets. "I believe the Fed will act rationally and begin to cut rates by the end of next year, but we can't rule out the scenario that the Fed is not going to cut rates and just let the ramifications of recession do what they do." Reuters GraphicsSHIFT NEARINGMarkets now fully price in a 25 basis point U.S. rate cut in May, having seen a 65% chance earlier this week. "There are now committee members in all three (banks) willing to talk about rate cuts next year," said Chris Jeffery, head of rates and inflation strategy at LGIM. "The ECB should begin to ease policy as soon as April 2024, with risks that a more sinister downturn in growth could warrant a rate cut as soon as March," he said.

Persons: Jonathan Ernst, ramping, It's, Nate Thooft, Goldman, Christopher Waller, Huw Pill, Yannis Stournaras, Chris Jeffery, we'd, Dario Perkins, Simon Harvey, Yoruk, Naomi Rovnick, Harry Roberston, Davide Barbuscia, Ira Iosebasvili, Saqib Iqbal Ahmed, Dhara Ranasinghe, Catherine Evans Organizations: . Federal, REUTERS, ECB, U.S . Federal Reserve, European Central Bank, Manulife Investment Management, Treasury, Graphics, Bank of England, Deutsche, Lombard, Traders, Yoruk Bahceli, Thomson Locations: Washington, United States, Europe, Goldman Sachs, Greek, Amsterdam, London

[1/3] Tesla's new Cybertruck is shown on display at a Tesla store in San Diego, California, U.S., November 20, 2023. Cybertruck, Tesla's first new model in nearly four years, is critical to its reputation as a maker of innovative vehicles. "We dug our own grave with Cybertruck," Musk said last month, warning that it would take a year to 18 months to make the vehicle a significant cash flow contributor. The billionaire has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. Tesla has faced "enormous challenges in reaching volume production" with the Cybertruck because of its new technology and design, Musk said.

Persons: Mike Blake, Elon Musk, Tesla's, Musk, Tesla, Eric Noble, Rivian, R1T, Rivian's R1T, Ford's, Seth Goldstein, Paul Waatti, Akash Sriram, Hyunjoo Jin, Sayantani Ghosh, Bill Berkrot Organizations: REUTERS, New York Times, Dodge, Ford, General Motors, Hummer, Morningstar, Thomson Locations: San Diego , California, U.S, Bengaluru, Hyunjoo, San Francisco

[1/4] Jordan's King Abdullah II hosts an international conference attended by the main U.N. bodies and regional and international relief agencies to coordinate humanitarian aid to war-devastated Gaza, in Amman, Jordan November 30, 2023. With Israel refusing to allow any aid in through its borders, supplies have been flown and driven into Egypt's Sinai Peninsula for delivery to Gaza through the Rafah crossing. Israel has bombarded Gaza in response to an Oct. 7 rampage into southern Israel by Hamas militants who killed some 1,200 people and took more than 200 hostage. Israel had previously called for increasing the amount of aid taken into Gaza from Egypt, including shipments provided by Jordan, said the official, who requested anonymity. Bottlenecks and capacity limitations at the Rafah crossing mean it cannot handle more than 200 trucks a day.

Persons: King Abdullah II, King Abdullah, U.N, Israel, Gazans, confidentially, Christos Christou, Jordan, Martin Griffiths, Juliette Touma, Suleiman Al, Sarah El Safty, William Maclean, Grant McCool Organizations: Royal Hashemite, Reuters Acquire, Red Crescent, Reuters, Trucks, United Nations, Thomson Locations: Gaza, Amman, Jordan, Israel, AMMAN, RAFAH, Egypt, U.N, Rafah, Al Arish, Sinai, Nitzana, Awja, Gaza's, United, Khalidi

☆ Leaders Back a Climate Fund and Voice Frustrations at COP28
▼ + stars: | 2023-11-30 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

On the first day of the U.N.’s climate summit, known as COP28, diplomats from nearly 200 countries approved a draft plan for a fund to help poor countries hit by climate disasters. The speedy adoption of the fund, which developing nations fought more than 30 years to create, was widely viewed as a positive sign for the two-week summit in Dubai. Some climate advocates are frustrated that COP28 is being hosted by the United Arab Emirates, which is ramping up its production of oil and has been accused of using its host position to promote its fossil fuels. However, David said that recent developments offered hope for the summit. Two weeks ago, the U.S. and China, the world’s two biggest polluters, agreed to accelerate efforts to sharply increase clean energy, although they didn’t provide a timeline.

Persons: ”, David Gelles, David Organizations: United Arab Emirates Locations: Dubai, U.S, China

☆ North Korea says it will not negotiate sovereignty with 'double-faced' US
▼ + stars: | 2023-11-29 | by ( Hyonhee Shin | ) www.reuters.com time to read: +3 min

Kim Yo Jong, sister of North Korea's leader Kim Jong Un, arrives at the Vostochny Сosmodrome before a meeting of Russia's President Vladimir Putin with North Korea's leader Kim Jong Un, in the far eastern Amur region, Russia, September 13, 2023. Sputnik/Vladimir Smirnov/Pool via REUTERS Acquire Licensing RightsSEOUL, Nov 30 (Reuters) - North Korea said it will never negotiate its sovereignty with the United States, criticising Washington as "double-faced" for offering talks while ramping up military activities in the region, state media KCNA reported on Thursday. Ambassador Linda Thomas-Greenfield and North Korean Ambassador Kim Song, both arguing that their countries' military activities are defensive. Kim Yo Jong said Thomas-Greenfield highlighted efforts to reopen talks with North Korea even as she lacked "justifiable ground" for denying its sovereign right to space development. The U.S. and South Korea have condemned the satellite launch as a violation of U.N. Security Council resolutions banning North Korea's use of any ballistic technology.

Persons: Kim Yo Jong, North, Kim Jong Un, Vladimir Putin, Vladimir Smirnov, Washington, Linda Thomas, Kim Song, Thomas, Greenfield, Kim, KCNA, Carl Vinson, Yoon Suk, Hyonhee Shin, Ed Osmond, Josie Kao Organizations: Sputnik, REUTERS Acquire, Rights, . Security, North Korean, North, U.S, DPRK, Democratic People's, Kadena, White House, Pentagon, South, Falcon, Thomson Locations: Amur, Russia, Rights SEOUL, North Korea, United States, U.S, Greenfield, South Korea, DPRK, Democratic People's Republic of Korea, San Diego, Japan, Pyongyang, Korean, Guam, Italy, Seoul, Washington

☆ 'Women's No. 1 source of stress is money,' expert says. Fixing that requires a step-by-step approach
▼ + stars: | 2023-11-29 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

While men are most commonly say they are "hopeful" when it comes to money, women's number one word for their financial feelings was "stress," according to a 2023 Fidelity Investments survey. 1 source of stress is money," Sallie Krawcheck, CEO of Ellevest, an online investing platform for women, told CNBC in a recent interview. watch nowThere are a reasons why women's financial concerns are more acute. Consequently, women's top goal is to shore up the wealth they're lacking, while their second priority is taking care of their families, she said. A step-by-step approach works bests, according to Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York.

Persons: Sallie Krawcheck, Krawcheck, Cary Carbonaro, Carbonaro, Stacy Francis, Francis Organizations: Fidelity Investments, CNBC, ACM Wealth, Francis Financial, CNBC's FA Locations: New York, CNBC's

☆ Are the COP climate summits working? These countries are going to the courts, instead
▼ + stars: | 2023-11-29 | by ( Ella Nilsen | ) edition.cnn.com time to read: +10 min

“It is a recipe for permanent climate chaos and suffering.”Yet the UN climate summit, known as COP, is tedious. Even fierce climate advocates who agree COP should be more ambitious still believe the summit is a powerful and worthwhile endeavor. “There is a lot of questioning whether this process will deliver or not,” Ani Dasgupta, president and CEO of international climate nonprofit World Resources Institute, told CNN. In this June 2017 photo, President Donald Trump after announcing his intention to abandon the Paris Agreement in the Rose Garden of the White House in Washington, DC. Doug Mills/The New York Times/ReduxStill, former and current US negotiators say climate diplomacy has helped keep the world’s temperature from reaching truly alarming highs.

Persons: António Guterres, ” Guterres, Paris, Payam Akhavan, ” Akhavan, ” Ani Dasgupta, ’ COP’s, ”, Sue Biniaz, John Kerry, Frances F, Denny, Biniaz, ” Biniaz, Donald Trump, Joe Biden, Doug Mills, Jonathan Pershing, William, Flora Hewlett, Pershing, ” Pershing, “, Todd Stern, Jens Astrup, Stern, “ It’s, ” Stern, it’s, It’s, Margaretha Wewerinke, Singh, Mitzi Jonelle Tan, Peter Dejong, Hailey Campbell, ’ ”, Campbell Organizations: CNN, United Nations, Law, United, Resources Institute, Yale University, The New York Times, “, ”, White, New York Times, Kerry, Bella Center, Getty, US, Republicans, International Court of Justice Locations: Paris, Small, States, Vanuatu, Tuvalu, Antigua, Barbuda, Dubai, COP28, United States, New Haven , Connecticut, Rose, Washington , DC, Copenhagen, AFP, Europe, Mississippi, Philippines, Sharm el, Sheikh, Egypt, Hawaii, Honolulu

☆ Here are Wednesday's biggest analyst calls: Apple, Amazon, Tesla, Schwab, Pinterest, Exxon, Disney and more
▼ + stars: | 2023-11-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Wednesday's biggest calls on Wall Street: Piper Sandler downgrades Hershey to neutral from overweight Piper Sandler said it's concerned about rising cocoa costs for Hershey. UBS reiterates Apple as neutral UBS said its survey checks show wait times for Apple's iPhone are almost nonexistent. Piper Sandler reiterates Charles Schwab as buy Piper Sandler said the company is a "likely beneficiary of fed rate cuts." Piper Sandler reiterates Pinterest as overweight Piper Sandler raised its price target on Pinterest to $40 per share from $37 and says trends are improving. UBS reiterates Exxon as buy UBS said it's bullish heading into Exxon's corporate plan event on Dec. 6.

Persons: Piper Sandler downgrades Hershey, Piper Sandler, it's, Guggenheim, Tesla, Truist, Canaccord, Raymond James, TD Cowen, AZN, Goldman Sachs, Leslie's, Carlyle, Wells, Wells Fargo, Apple, Jefferies, Airbnb, ABNB, Cantor Fitzgerald, Microvast, Charles Schwab, SCHW, Morgan Stanley, Bernstein, PDD, Marti, Pinterest, D.A, Davidson, Estée Lauder Organizations: Hershey, UBS, Apple, " Bank of America, underperform Bank of America, AstraZeneca, downgrades, Group, Goldman, GS, Bank of America, Union, JPMorgan, Disney, Taiwan Semiconductor, Intel, Commerce, Marti Technologies, DFS, Exxon Locations: China, Europe, Japan, America, CY24, Turkey, XOM's

☆ US annual home price growth at 6.1% in September, FHFA says
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsNov 28 (Reuters) - U.S. annual home price growth accelerated again in September, underscoring the rebound of the housing market as it entered the final quarter of the year, data showed on Tuesday. Home prices rose 6.1% on a year-over-year basis in September, up from an upwardly revised 5.8% increase in the prior month, the Federal Housing Finance Agency (FHFA) said. On a quarterly basis, annual house prices increased 5.5% between the third quarter of last year and the comparative period this year. The report also showed prices rose moderately on a month-over-month basis, in line with recent trends. Annual house prices rose the most in the New England and Middle Atlantic regions in August, with gains of 11.4% and 8.3%, respectively, the FHFA data showed.

Persons: Sarah Silbiger, Lindsay Dunsmuir, Paul Simao Organizations: REUTERS, Federal Housing Finance Agency, Federal Reserve, Chicago, Thomson Locations: Washington , U.S, New England, Atlantic, Detroit

☆ Bank of America says this stock is the 'strongest pure-play space name' with the potential to double
▼ + stars: | 2023-11-28 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Rocket Lab shares have the potential to take off, according to Bank of America. Analyst Ronald Epstein reiterated his buy rating on the space stock while shaving his price target down by $2 to $10. Epstein's new price target implies the stock could soar 134.2% from Monday's close. After investigating the September mid-flight failure of its Electron rocket, Rocket Lab is aiming to get its launch business back on track by the end of the year. The analyst's price target cut followed a reassessment of the discount rate following the Electron launch snafu.

Persons: Ronald Epstein, Epstein, Bank of America's Epstein, Epstein doesn't, CNBC's Michael Bloom, Michael Sheetz Organizations: Bank of America, Bank of, MDA Locations: Monday's

☆ Israel's war with Hamas will cost $53 billion, Israeli central bank says
▼ + stars: | 2023-11-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Israel's central bank forecasts war with Hamas to cost $53 billion between 2023 and 2025, per the WSJ. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew estimates from the Israeli central bank forecast the war with Hamas to cost Israel roughly $53 billion between now and 2025, according to a Wall Street Journal report. By the end of 2024, the war will cut into Israel's GDP by 3%, in the Israeli central bank's view, even as policymakers work to stabilize financial markets and its currency. Thanks to central bank interventions, it's jumped about 9% over the last four weeks against the greenback, after the conflict had previously dragged the currency to an 11-year low.

Persons: Israel's shekel, —, Amir Yaron, it's, Yaron Organizations: Service, Wall, Bank of Israel, greenback Locations: Israel

☆ Winter storm may have unmoored mines in the Black Sea ramping up naval danger for both Ukraine and Russia
▼ + stars: | 2023-11-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

The fierce winds may have unmoored maritime mines in the Black Sea, according to reports. AdvertisementA fierce winter storm walloped southern Ukraine on Monday inhibiting military operations on both sides and could have worsened already-heightened navigational dangers in the Black Sea. Giant waves and gusty winds threatened to unmoor maritime mines in the Sea of Azov and the Black Sea, the outlet reported — posing an even greater risk for those who navigate the perilous shipping lanes. Sea mines in the region have previously come loose in less violent storms. Both Ukraine and Russia have accused the other of placing Soviet mines along Ukraine's coast, Reuters reported.

Persons: — Organizations: Service, The New York Times, Ukrainian, Reuters Locations: Ukraine, Azov, Russian, Russia, Crimea, Kherson

☆ Dollar hangs at three-month low as traders eye PCE data
▼ + stars: | 2023-11-28 | by ( ) www.cnbc.com time to read: +3 min

United States one dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington. The dollar index , a measure of the greenback against a basket of currencies, was last at 103.11, its lowest since Aug. 31. The dollar was track for a loss of more than 3% in November, its worst performance in a year. Market expectation that the Fed's rate increase cycle has finally come to an end has also put downward pressure on the greenback. PCE tops off a slew of other key economic events this week, including Chinese purchasing managers' index data and OPEC+ decision.

Persons: Kyle Rodda, Tony Sycamore Organizations: Engraving, The U.S, Federal Reserve, Reuters, greenback . U.S, Fed, Traders, Australian, Reserve Bank of New, Bank of Japan, IG Locations: United, Washington, The, U.S, OPEC, Reserve Bank of New Zealand

☆ U.S. Has Warned Israel to Fight More Surgically in Gaza, Officials Say
▼ + stars: | 2023-11-28 | by ( Erica L. Green | More About Erica L. Green | ) www.nytimes.com time to read: +4 min

The United States has warned Israel that it must fight more surgically and avoid further mass displacement of Palestinians in its war against Hamas to avoid a humanitarian crisis that overwhelms the world’s ability to respond, according to senior Biden administration officials. The United Nations has said the fighting has already displaced most of Gaza’s population of 2.2 million. The statements are the Biden administration’s strongest warning to Israeli officials to date about the next phase of their military operation. Gazan health officials say at least 13,000 people were killed during the nearly 50-day Israeli bombardment and ground invasion that followed. The Biden administration officials said the United States was planning to take advantage of the extra time.

Persons: Israel, Biden, Benjamin Netanyahu, John F, Kirby, “, ” Mr, ” Organizations: Biden, United Nations, White, National Security Council Locations: States, Israel, Gaza, United States, Egypt

☆ Steve: The aurora-like light show you can help research
▼ + stars: | 2023-11-28 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

The purple-pink streak of light indicative of Steve is shown in this image captured by Canadian photographer Neil Zeller. “It can eventually migrate south … toward the equator side of aurora and form a Steve,” Lach said. A Steve will always appear alongside an aurora, Lach and Zeller said, but not all auroras include a Steve. The Steve phenomenon is most likely to be captured around the equinoxes in the spring and fall, according to Zeller and Lach. The photos contributed by members of the public constantly help scientists improve their understanding of these light shows, she said.

Persons: CNN —, It’s, Steve, Elizabeth MacDonald, MacDonald, “, ” MacDonald, Neil Zeller, ” Zeller, … we’d, I’d, Dr, Eric Donovan, Zeller, Donovan, Chris Ratzlaff, ” Ratzlaff, Steve —, —, Donna Lach, Lach, ” Lach, Steve Earth, “ It’s, Steve I’ve, ” Organizations: CNN, Northern Hemisphere, NASA’s Goddard Space Flight, Kilkenny, Facebook, NASA, University of Calgary, DreamWorks, SAR, “ Locations: United Kingdom, Calgary , Alberta, Alberta, Canadian, Canada’s Manitoba, Manitoba, Kp0, Wyoming, Utah, Turkey, Greece, Slovakia, China, Canada

Local governments plan to use the proceeds of the latest bond sales to purchase equity or convertible bonds from smaller banks, most of them state-owned, effectively recapitalising them, according to the deal prospectuses. DEEPER IN DEBTThe intensified efforts to support smaller banks also come amid growing worries about the impact of ballooning local government debt on the economy. While policymakers are highly concerned over rising debt levels, Beijing has little option but to support smaller banks to contain spillover risks, analysts said. It was not immediately clear if the central authorities had given any guidance to the local governments on recapitalising smaller banks, and who were the buyers of these special-purpose bonds. "Local governments are a likely the first line of defense whenever regional banks become stressed," they said.

Persons: Kim Kyung, Gavekal, Zhang Xiaoxi, Pan Gongsheng, Ziyi Tang, Ryan Woo, Sumeet Chatterjee, Kim Coghill Organizations: People's Bank of China, REUTERS, Rights, China Electronic Local Government Bond, Authorities, National Financial Regulatory Administration, International Monetary Fund, Beijing, Thomson Locations: Beijing, Rights BEIJING, China, Henan, China's, Liaoning, Yunnan, Inner Mongolia

Israel has said it would extend the cease-fire by one day for every 10 additional hostages released. But Israel also says it remains committed to crushing Hamas' military capabilities and ending its 16-year rule over Gaza. Sixty-two hostages have been released, one was freed by Israeli forces, and two were found dead inside Gaza. In turn, Israel released 39 Palestinian prisoners. A fourth exchange is expected on Monday, for a total of 50 Israeli hostages and 150 Palestinian prisoners as agreed upon in the cease-fire deal.

Persons: Israel, —, Abigail Edan, Benjamin Netanyahu, ” Netanyahu, ”, Elma Avraham, Merav Raviv, it's, Amani Taha, “, ___ Magdy Organizations: —, Hamas, Sunday, Soroka, Health Ministry Locations: TEL AVIV, Israel, Gaza, United States, Qatar, Egypt, Nations, Thailand, GAZA, Rafah, Cairo, ___, israel

☆ China needs to unblock, sustain financial channels for private firms
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +4 min

Private firms, which account for 60% of China's gross domestic product and 80% of urban jobs, were hurt by three years of COVID curbs and a regulatory crackdown that targeted sectors from technology to private tutoring. Banking and financial institutions should set annual service targets for private enterprises, increase the weight of related businesses serving private enterprises in performance appraisal and gradually increase the proportion of loans to private enterprises, it said. China should also expand private firms' bond financing and guide financial institutions to expand the bond financing scale of private enterprises, according to the statement. China should back the listing, mergers and acquisitions, and reorganisation of private enterprises, including supporting qualified companies in going public overseas, it said. Fixed-asset investment by private firms fell 0.6% in January-September year-on-year, highlighting weak private sector confidence.

Persons: Tingshu Wang, Ryan Woo, Ziyi Tang, Kevin Yao, Christopher Cushing Organizations: People's Bank of China, REUTERS, Rights, Banking, Garden Holdings, HK, Bloomberg, Thomson Locations: Beijing, China, Rights BEIJING

☆ Chinese fighter jets 'orbit' Philippine patrol aircraft, Manila says
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

MANILA, Nov 26 (Reuters) - Two Chinese fighter jets were monitored "orbiting" a Philippine aircraft participating in patrols with Australia in the South China Sea but did not cause any untoward incident, Manila said on Sunday. China has accused the Philippines of enlisting "foreign forces" to patrol the South China Sea and stirring up trouble. The West Philippine Sea is Manila's term for waters in the South China Sea that fall within its exclusive economic zone. The Chinese aircraft continued on its flight route without further incident, Trinidad said. Participating in the joint drills were two Philippine navy vessels and five Philippine surveillance aircraft, and Australia's frigate Toowoomba and P8-A maritime surveillance aircraft.

Persons: China's, Xerxes Trinidad, Romeo Brawner, Karen Lema, William Mallard Organizations: ., South China, Toowoomba, Thomson Locations: MANILA, Philippine, Australia, South, Manila, Philippines, China, Vietnam, Indonesia, Malaysia, Brunei, South China, U.S, West Philippine, Trinidad

☆ Ukrainians are getting target practice on drones at a secret training center, ABC reports
▼ + stars: | 2023-11-26 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

At the northern training center, Ukrainian soldiers in training target drones that mimic Shahed drones, which are made in Iran, with dated Soviet-era antiaircraft weapons and machine guns. The goal is to ensure that Western air defense systems — expensive and harder to come by — are an infrequently used last resort. The strategy aims to take advantage of the country's lean air defense systems, the Washington Post previously reported. AdvertisementRussia has also been using Shahed-136 drones , loitering munitions made by Iran, and creating its own cheaply-made drones to overwhelm Ukrainian air defenses. Meanwhile, Russians have also been targeting Ukrainian drones and jamming their systems, making them inoperable.

Persons: —, Serhii Nayev, Nayev, Nafar Organizations: Service, ABC News, Republicans, Washington Post, Ukraine's Ministry of Defense Locations: Russia, Ukraine, Iran, Israel, Kyiv

☆ Nissan is ramping up its UK EV business with a $2.5 billion investment
▼ + stars: | 2023-11-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Nissan announced that it would invest billions in its UK EV business. The Japanese company said it would build three EV models in its UK factory as part of the deal. AdvertisementThe Japanese car manufacturer Nissan announced on Friday that it would invest £2 billion, which is around $2.5 billion, in its electric vehicle (EV) business in the UK. It takes Nissan's total proposed investment in the region to £3 billion, or around $3.8 billion, after the company already pledged $1 billion. Nissan did not immediately respond to Business Insider's request for comment, which was made outside of normal working hours.

Persons: —, Makoto Uchida, Rishi Sunak, IAN FORSYTH, Getty Organizations: Nissan, EV, Service, Sunderland, Britain's, European Union, Land Rover, Tata, BMW, British Locations: England, Europe, Sunderland

☆ Philippines, Australia start sea, air patrols in South China Sea
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +3 min

Earvin Perias/Pool via REUTERS/File Photo Acquire Licensing RightsMANILA, Nov 25 (Reuters) - The Philippines and Australia began their first joint sea and air patrols in the South China Sea on Saturday, days after Manila took similar steps with the U.S. as Pacific nations warily eye an increasingly assertive China. China claims almost the entire South China Sea, a conduit for more than $3 trillion of annual ship-borne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. The Philippines is ramping up efforts to counter what it describes as China's "aggressive activities" in the South China Sea, which has also become a flashpoint for Chinese and U.S. tensions around naval operations. The patrols will be carried out in the West Philippine Sea, said Philippine Department of National Defense spokesperson Arsenio Andolong, using Manila's term for waters in the South China Sea that fall within its exclusive economic zone. China has accused the Philippines of enlisting "foreign forces" to patrol the South China Sea and stirring up trouble.

Persons: Ferdinand Marcos Jr, Anthony Albanese, Earvin, China's, Richard Marles, Marcos, Marles, Arsenio Andolong, Karen Lema, William Mallard Organizations: Australia's, Rights, Australia, ., Philippine, Australian Defence Force, Armed Forces, Philippine Department of National Defense, South China, Toowoomba, Cooperative, Thomson Locations: Manila, Philippines, Rights MANILA, South, China, Australia, Vietnam, Indonesia, Malaysia, Brunei, South China, U.S, West Philippine, Philippine, United, Taiwan, West Philippine Sea

☆ Philippines, Australia Start Sea, Air Patrols in South China Sea
▼ + stars: | 2023-11-24 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

MANILA (Reuters) - The Philippines and Australia began their first joint sea and air patrols in the South China Sea on Saturday, days after Manila took similar steps with the U.S. as Pacific nations warily eye an increasingly assertive China. China claims almost the entire South China Sea, a conduit for more than $3 trillion of annual ship-borne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. The Philippines is ramping up efforts to counter what it describes as China's "aggressive activities" in the South China Sea, which has also become a flashpoint for Chinese and U.S. tensions around naval operations. The Philippines and the United States concluded three-day joint sea and air patrols on Thursday, starting in waters near Taiwan, a democratically governed island that China claims as its own, and ending in the West Philippine Sea. China has accused the Philippines of enlisting "foreign forces" to patrol the South China Sea and stirring up trouble.

Persons: Ferdinand Marcos Jr, China's, Richard Marles, Marcos, Marles, Arsenio Andolong, Karen Lema, William Mallard Organizations: Australia, ., Philippine, Australian Defence Force, Armed Forces, Philippine Department of National Defense, South China, Toowoomba, Cooperative Locations: MANILA, Philippines, South, Manila, China, Australia, Vietnam, Indonesia, Malaysia, Brunei, South China, U.S, West Philippine, Philippine, United, Taiwan, West Philippine Sea

☆ A Different Approach to Climate Action
▼ + stars: | 2023-11-24 | by ( David Gelles | More About David Gelles | ) www.nytimes.com time to read: +1 min

Emissions from China, the world’s largest polluter, will peak within the next couple years, many researchers believe. Those two countries just agreed to accelerate their efforts to reduce emissions, delivering a much-needed jolt of ambition ahead of climate talks in Dubai this month. Efforts to crack down on emissions of methane — a potent but often overlooked greenhouse gas — are ramping up. “When we look at climate media, whether that’s filmmaking or newspaper headlines, it’s often really apocalyptic,” she said. So it’s a huge deal that we get it as right as possible.”

Persons: Ayana Elizabeth Johnson, it’s, ”, Johnson, “, ” Johnson Locations: China, United States, Dubai, Brazil, Indonesia, Ecuador

ABUJA, Nigeria (AP) — Authorities in several West African countries are trying to manage their huge diphtheria outbreaks, including in Nigeria where a top health official said Thursday that millions are being vaccinated to cover wide gaps in immunity against the disease. The highly contagious bacterial infection has been reported in 20 of Nigeria's 36 states so far. The fate of the affected countries is worsened by the global shortages of the diphtheria vaccine as demand has increased to respond to outbreaks, the MSF said. But several states continue to struggle, including Kano, which accounts for more than 75% of cases in Nigeria but has only two diphtheria treatment centers, according to Abubakar Labaran Yusuf, the state’s top health official. “Once people have to travel or move significant distances to access treatment, that becomes a challenge,” Adetifa said.

Persons: Ifedayo Adetifa, “ We’re, ”, Dagemlidet Tesfaye, Adetifa, Abubakar Labaran Yusuf, ” Adetifa Organizations: —, “, Nigeria Centre for Disease, Associated Press, World Health Organization, MSF, Nigeria CDC Locations: ABUJA, Nigeria, Niger, Guinea, Abidjan, Ivory Coast, Kano, Africa, africa

Search resuls for: "Ramping"

25 mentions found