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If U.S. financial conditions continue to ease and implied market volatility remains well-anchored, bulls will stay on the front foot. On the Asian policy front, further evidence that the burst of 'jumbo' hikes is over will also support risk appetite. The fiscal policy focus this week will be on China, with the Communist Party's Politburo meeting early this month to lay out the government's strategy and guidelines for the year ahead. Analysts at Goldman Sachs expect policymakers to reiterate a 'supportive' stance in light of weak economic activity recently. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Japan's Meteorology Agency was monitoring for the possibility of a tsunami after a volcano erupted in Indonesia on Sunday, public broad caster NHK reported. A tsunami from the eruption, which occurred around 11:18 a.m. Japan time (0218 GMT), could reach Okinawa Prefecture as early as 0530 GMT, NHK quoted the agency as saying.
CNN —In a World Cup of surprises, Japan has played a leading role in headline-making shock results. Croatia is a team undefeated in nine of its last 10 World Cup matches. They made history Thursday as the first all-female refereeing crew for a men's World Cup match. Frappert became the first woman to referee a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament.
Best photos from the World Cup: Day 14
  + stars: | 2022-12-03 | by ( Dave Lucas | ) www.reuters.com   time to read: 1 min
Scores of courteous Japan fans have arrived at matches armed with clear blue bags, which have become a symbol at the Qatar World Cup as fans have taken notice of their tidy ways.
Dec 3 (Reuters) - With the World Cup knockout phase having begun, here is an overview of the teams advancing to the last 16 at the tournament in Qatar:HOW DOES THE KNOCKOUT STAGE AT WORLD CUP 2022 WORK? * In the knockout stage the teams will play each other once, with the winning team going to the next round. There are total of four rounds: Round of 16, quarter-finals, semi-finals and final, which will take place on Dec. 18. * Australia claimed a spot in the last 16 as Group D runners-up with 6 points from wins over Tunisia and Denmark. * Croatia joined the last 16 after two goalless draws with Morocco and Belgium and a 4-1 victory over Canada.
"I think it probably goes back to 2018 in the World Cup. "As the tournament went on I felt like my performances maybe dipped in the latter stages. I was trying to make sure that, physically and mentally, I was in the best place for the knockout stages. I would love to be sitting here with two or three goals now, but I think the group stage has gone well. We know that they're African champions - very proud, great competitive spirit, a lot of belief in the team," Southgate added.
Why are there so many shock results at this World Cup?
  + stars: | 2022-12-03 | by ( Ben Morse | ) edition.cnn.com   time to read: +9 min
We’ve seen plenty of World Cup shocks over the years, but this year’s edition has seen more than most. Lionel Hahn/Getty ImagesA World Cup like no otherThis World Cup is a first for many reasons. The World Cup’s natureGiven the nature of the World Cup – teams thrown together in a tournament setting from across the globe – fans often see clashes which they’re not accustomed to. This concoction has, over the 90 years of the World Cup, regularly led to shock results. From the US beating England in 1950 and North Korea upsetting Italy in 1966 to Senegal beating defending champion France in 2002 and Algeria – in its World Cup debut – beating West Germany in 1982, World Cup history is littered with surprises.
Trust in women leaders is decreasing across the globe, a new study found. Experts say that the normalization of sexism, as well as perceived failures of some female leaders, may be why. That's on top of reduced childcare options during the pandemic locking many women out of the workforce. The survey, which was taken by over 30,000 people across the G20 countries, found that trust in women as leaders has fallen significantly over the past year. In particular, she pointed out that when Hillary Clinton lost the presidential election to Trump, many media outlets speculated whether America was really ready for a female president.
Ukraine urges tougher Western squeeze on Russian oil prices
  + stars: | 2022-12-03 | by ( ) www.cnbc.com   time to read: +1 min
The office of Ukrainian President Volodymyr Zelenskyy called Saturday for a lower price cap on Russian oil than the one agreed to by Ukraine's Western supporters, while Russian authorities called the $60-per-barrel cap harmful to free, stable markets. The cap is set to take effect Monday, along with an EU embargo on Russian oil shipped by sea. "It would be necessary to lower it to $30 in order to destroy the enemy's economy faster," Yermak wrote on Telegram, staking out a position also favored by Poland — a leading critic of Russian President Vladimir Putin's war in Ukraine. The Russian Embassy in Washington insisted that Russian oil "will continue to be in demand" and criticized the price limit as "reshaping the basic principles of the functioning of free markets." A post on the embassy's Telegram channel predicted the per-barrel cap would lead to "a widespread increase in uncertainty and higher costs for consumers of raw materials."
The price cap will prohibit G7 companies dealing with the insurance, re-insurance or financing of oil trade or to handle Russian crude oil cargoes to third countries unless the oil was sold at or below the $60 per barrel price cap. From Monday, the EU itself will not be buying any Russian seaborne crude, which had made up 94% of all Russian crude imports by the 27-nation EU. A G7 price cap on the petroleum products will also be set at a later date, using exactly the same mechanism as for crude oil, the Commission said. Because the world's key shipping and insurance firms are based in G7 countries, the price cap would make it very difficult for Moscow to sell its oil at a higher price. The price cap review is an EU-specific mechanism that will require unanimity among the 27 countries that make up the bloc for any changes to the price level.
World Cup starts from now, Japan's Asano says
  + stars: | 2022-12-03 | by ( Irene Wang | ) www.reuters.com   time to read: +2 min
DOHA, Dec 3 (Reuters) - Japan have already scripted one of the best stories of the World Cup with comeback victories over former champions Germany and Spain but Takuma Asano says they have not achieved anything yet. "Now I started feeling it's becoming a great World Cup. But we haven't achieved anything yet, so honestly speaking, I think everything starts from now." Of course, they have many good players, and they are a good team. Monday will be Japan's fourth last 16 clash at the World Cup finals but they have never yet been past the opening round of the knockout stage.
That debate will continue after the final ball is kicked, but as far as what has happened inside the eight gleaming stadiums, the World Cup has been a stunning spectacle. When Lionel Messi gave Argentina the lead from the penalty spot in their opening Group C match against Saudi Arabia, all seemed normal. But Saleh Al-Shehri and Salem Al-Dawsari sealed a 2-1 Group C win for the 51st-ranked Green Falcons that, according to data company Nielsen Gracenote, was the biggest statistical shock in World Cup history. Goals by Itsu Doan and Ao Tanaka gave Japan the lead and Costa Rica hit back to lead Germany. After probably the most memorable group phase of any World Cup, now for the serious business.
Each new B-21 is pegged at roughly $729.25 million, and the U.S. Air Force expects to procure at least 100 of them. Factoring in inflation, it’s half the price of the exorbitantly expensive B-2 stealth bomber it’s meant to replace. Factoring in inflation, it’s half the price of the exorbitantly expensive B-2 stealth bomber it’s meant to replace. (China’s military grasps the benefit of long-range stealth bombers in the Pacific context and is developing its own Raider-like stealth bomber intended to expand its strike range.) That isn’t to say the Raider program should be written a blank check.
Japan fans win praise for tidying up at World Cup
  + stars: | 2022-12-02 | by ( Jeremy Schultz | ) www.reuters.com   time to read: 1 min
Russian forces tried to advance in eastern Ukraine and trained tank, mortar and artillery fire on Kherson in the south, the Ukrainian military said, as heavy fighting continues nine months into the invasion.
Best photos from the World Cup: Day 13
  + stars: | 2022-12-02 | by ( Jeremy Schultz | ) www.reuters.com   time to read: 1 min
Scores of courteous Japan fans have arrived at matches armed with clear blue bags, which have become a symbol at the Qatar World Cup as fans have taken notice of their tidy ways.
MEXICO CITY — The last veteran of Mexico’s relatively small contingent of World War II veterans has died, Mexico’s Defense Department announced Thursday. Horacio Castilleja Albarrán was 98 when he died Wednesday. Castilleja Albarrán was one of about 300 Mexican soldiers and airmen in Squadron 201, known as the Aztec Eagles, who were sent from Mexico to help in the U.S. war effort against Japan. Mexico was late to enter World War II, but declared war after German submarines sank several Mexican oil tankers. Castilleja Albarrán joined the army in 1942 at age 18 and was trained as a radio operator.
The U.S. legislation includes a tax credit for electric vehicles that meet requirements that include final assembly in North America. BRUSSELS—Simmering frustration over the “Buy American” provisions attached to a sweeping package of climate-related subsidies threatens to spoil the mood at a high-level U.S.-European Union meeting Monday. EU leaders say the subsidies, which were included in the Inflation Reduction Act legislation that President Biden signed into law in August, are discriminatory and risk accelerating damage to European industries already struggling with high energy costs. South Korea, Japan and the U.K. have also criticized the decision to attach local-content requirements to the subsidies.
Dec 2 (Reuters) - With the World Cup in Qatar nearing its knockout phase, here is an overview of the teams that have been eliminated from the tournament, which ends on Dec. 18. They ended their campaign without a point after a 2-0 defeat to the Netherlands in their final group stage match. MEXICO* Mexico missed out on the knockout stages after finishing behind Poland on goal difference, ending a run of seven successive last-16 appearances at the World Cup. GERMANY* Germany were knocked out of the World Cup at the group stage for a second consecutive time, finishing third in Group E behind Japan and Spain. CANADA* Canada, making their first World Cup appearance since 1986, finished bottom of Group F with three losses.
The Group of Seven advanced democracies agreed to cap the price of Russian crude oil at $60 a barrel, moving forward with an unprecedented sanction on one of the world’s largest oil producers months after its invasion of Ukraine. The agreement among Australia and the G-7—Canada, France, Germany, Italy, Japan, the U.K. and the U.S.—came just hours after the European Union united behind the figure. Poland, a holdout over the past few days for a lower cap, agreed to $60 a barrel earlier on Friday, clearing the way for the deal. The European Commission, the EU’s executive arm, had initially proposed setting the cap between $65 to $70 a barrel.
South Korea’s foreign ministry announced sanctions on seven other individuals, including a Singaporean and a Taiwanese, and eight entities. The latest sanctions follow a Nov. 18 ICBM test by North Korea, part of a record-breaking spate of more than 60 missile launches this year. There are also concerns that the country may be about to resume nuclear weapons testing, which has been suspended since 2017. Decades of U.S.-led sanctions have failed to halt North Korea’s increasingly sophisticated missile and nuclear weapon programs. “Targeting senior officials inside North Korea responsible for WMD and missile activities and working with South Korea and Japan are important, but it is an inadequate and symbolic response to 60+ missile tests, including 8 ICBM tests,” said Anthony Ruggiero, who headed North Korea sanctions efforts under former President Donald Trump.
AL RAYYAN, Qatar—On the day his team landed in a World Cup group alongside Spain and Germany last spring, Japan coach Hajime Moriyasu did his best not to sound alarmed. He spoke about his team’s belief, its inherent quality, and its desire to test itself against the best in the world. But, Moriyasu knew, there was no getting around the truth. Surrounded by two of the past three champions, Japan had landed in the World Cup’s Group of Death.
TOKYO, Dec 2 (Reuters) - Japanese shares of soccer-related companies had a good day on Friday as they mirrored the national team's roller-coaster performance at the World Cup where the "Samurai Blue" delivered another shocking win, this time over global powerhouse Spain. Having also beaten four-times champions Germany in their first match last week, Japan advances to the knockout round at the top of the table. Access to the company's streaming platform hit a record of more than 10 million the day Japan clinched a surprise victory over Germany. "We're especially fielding a lot of calls about the limited-edition soccer boots that the Samurai Blue are wearing," a Mizuho spokesperson said. Pub operator Hub said COVID-19 could cloud comparisons against the last World Cup in 2018, but that "there's big hope riding" on the rest of the tournament.
New York City, along with Singapore, is the most expensive city to live in, according to the Economist Intelligence Unit. Alexander Spatari | Moment | Getty ImagesSingapore has once again been ranked as the most expensive city to live in, sharing the top spot with New York City this year, according to the Economist Intelligence Unit (EIU). San Francisco — which did not make the top 10 last year — is now the eighth most expensive city to live in. Japan's Osaka is the 43rd most expensive city to live in, a big drop from its 10th position in 2021. Japan's Osaka is the 43rd most expensive city to live in, according to the Economist Intelligence Unit.
The subsea cable, which the developers say will be the first to be laid on the Arctic seabed, will connect Europe and Japan via North America as part of the global internet infrastructure. An earlier plan to run the cable along the Russian Arctic coastline, in a venture with Russia's second-biggest mobile phone operator Megafon (MFON.MM), was cancelled last year. This was due to Russia's increased reluctance to authorise the cable being laid in its territorial area, Finland's Cinia, the company leading the Far North Fiber consortium, said. Far North Fiber is a joint venture between Cinia, U.S.-based Far North Digital and Japan's Arteria Networks (4423.T). Far North Fiber gave no value for the investment but a source said one pair of fibres was worth around 100 million euros, with a further 100 million in maintenance costs required throughout its 30-year lifespan.
TOKYO, Dec 2 (Reuters) - Japan, Britain and Italy will announce a groundbreaking agreement as early as next week to jointly develop a new advanced jet fighter, two sources with knowledge of the plan told Reuters. The push to merge the British led Tempest jet fighter project with Japan's F-X fighter programme was first reported by Reuters in July. It will be the first time that Japan has collaborated with countries beyond the United States on a major defence equipment project. The announcement will come before Japan releases a new national security strategy and military procurement plan around mid December, the sources said. Reporting by Tim Kelly Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.
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