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Western officials saw the summit with North Korea as an effort by Putin to secure a potential arms bonanza for his military. North Korea also could increase its ammunition production at Russia’s behest. Yang Uk, a security expert at South Korea’s Asan Institute for Policy Studies, noted that in addition to Soviet-designed armaments, North Korea also could share some of its latest military equipment. “There isn’t really much left in the policy toolbox in terms of addressing the challenges specifically from Russia and North Korea,” Park observed. It’s just basically not implementing sanctions.”A major factor Russia needs to consider while it seeks to expand ties with North Korea is China, Pyongyang's No.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Josef Stalin, Kim Il Sung, ”, John Park, Harvard Kennedy, it’s, James O’Brien, James Nixey, Volodymyr Zelenskyy, “, Yang Uk, ” Yang, Leif, Eric Easley, “ Putin, ” Nixey, Antonio Guterres, “ It’s, It’s, Danica Kirka, Emma Burrows, Kim Tong, hyung, Kim Hyung Organizations: North, Putin, Harvard, U.S . State Department, Chatham House, South Korea’s Asan Institute, Policy Studies, Ewha University, U.S, Observers, Associated Press Locations: Pyongyang, Ukraine, Moscow, Asia, Korean, Korea, Russia, North Korea, ”, “, Eurasia, London, U.S, Central, Eastern Europe, South Korea’s, Soviet, Vostochny, Seoul, China, South Korea, Europe, Washington, russia, ukraine

☆ North Korea marks founding day with parade, diplomatic exchanges
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

[1/4] North Korean leader Kim Jong Un gestures as the civil defense military parade commemorating the 75th anniversary of the founding of the Democratic People's Republic of Korea is held in Pyongyang, September 8, 2023. KCNA via REUTERS Acquire Licensing RightsSEOUL, Sept 9 (Reuters) - North Korean leader Kim Jong Un marked the country's founding anniversary with a parade of paramilitary groups and diplomatic exchanges in which he vowed to deepen ties with China and Russia. Kim observed the parade at Kim Il Sung Square in Pyongyang and held talks with a visiting Chinese delegation, state media KCNA reported on Saturday. "Most stakeholders in the region want to avoid a new Cold War, but this looks increasingly difficult as Beijing and Moscow prop up Pyongyang and North Korea aligns itself with China and Russia's challenges to the international order." North Korea supplements its already large military with various paramilitary, reserve, and security groups such as the army-affiliated Worker-Peasant Red Guards (WPRG).

Persons: Kim Jong, Kim, Kim Il, Xi Jinping, Vladimir Putin, Xi, Leif, Eric Easley, China's Xi, Russia's Putin, Putin, Jihoon Lee, Josh Smith, Sandra Maler, Stephen Coates, Michael Perry Organizations: Democratic People's, KCNA, REUTERS Acquire, Rights, Ewha University, Guards, Thomson Locations: Democratic People's Republic, Korea, Pyongyang, Rights SEOUL, China, Russia, Northeast Asia, North Korea, India, Seoul, Beijing, Moscow, New Delhi, Ukraine

☆ Kim Jong Un and his daughter celebrate North Korea's 75th. Xi and Putin send their regards
▼ + stars: | 2023-09-08 | by ( Gawon Bae | ) edition.cnn.com time to read: +1 min

Seoul, South Korea CNN —Kim Jong Un attended a “paramilitary parade” with his daughter to mark the 75th anniversary of North Korea’s founding on Saturday, the country’s state media have reported. Paramilitary forces and industrial workers marched down Kim Il Sung Square in Pyongyang as part of the parade, the Korean Central News Agency reported. Kim attended the parade with his daughter, who is believed to be called Kim Ju Ae, and received congratulatory letters from China’s Xi Jinping and Russia’s Vladimir Putin, according to KCNA. Kim Jong Un attends the parade marking the 75th anniversary of the founding of North Korea on September 9, 2023. In Xi’s letter, according to KCNA, the Chinese leader said his country was “ready to strengthen the strategic communication, deepen the working-level cooperation and promote the China-DPRK relations” with Pyongyang.

Persons: South Korea CNN — Kim Jong Un, Kim Il, Kim, Kim Ju, China’s Xi, Russia’s Vladimir Putin, Liu Guozhong, Alexandrov, KCNA, Kim Jong Un, ”, ” Putin Organizations: South Korea CNN, Paramilitary, Korean Central News Agency, Russian Army, North, REUTERS Locations: Seoul, South Korea, Pyongyang, North Korea, Northeast Asia, China

☆ Investors are getting bearish on China — but see other upside opportunities in Asia
▼ + stars: | 2023-08-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

However, some investors believe a bearish China story is shifting the spotlight onto investment opportunities in other Asian markets. Morgan Stanley downgraded the iShares MSCI China ETF (MCHI) to equal weight from overweight in early August, citing lower earnings growth expectations and structural challenges. Opportunity in Japan Japan currently stands out as a "particularly attractive" investment play, according to Horizon Investments chief investment officer Scott Ladner. Investors can get access to the Japanese market through the iShares MSCI Japan ETF (EWJ) , which has an expense ratio of 0.5% and more than $13 billion in assets. Ways to play the space include the iShares MSCI South Korea ETF (EWY) , the Franklin FTSE South Korea ETF (FLKR) and the iShares MSCI Taiwan ETF (EWT) .

Persons: Morgan Stanley, Wells, Jay Bryson, Scott Ladner, Ladner, Seth Carpenter, it's, Carlos Asilis, China —, Asilis, Franklin Templeton's FLKR, we've Organizations: Horizon Investments, Bank of Japan, Glovista Investments, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, U.S Locations: China, Wells Fargo, Japan Japan, Japan, Asia, Pacific, South Korea, Taiwan, Korea, Franklin FTSE South, Australia, India, Vietnam, Indonesia

[1/2] Pedestrians walk on an overpass near skyscrapers at the Central Business District (CBD) in Beijing, China August 21, 2023. China's prolonged economic slowdown this year comes amid weakening demand both at home and globally, a property crisis and rising unemployment. "China will continue to expand market access, comprehensively optimise the business environment ... and protect the rights and interests of entrepreneurs in accordance with the law." Eskelund, who is also Chief Representative for Danish shipping giant Maersk in Greater China and Northeast Asia, said: "I think China is evolving. This has come as European leaders have also emphasised derisking their economic ties with China.

Persons: Florence Lo, Jens Eskelund, crackdowns, Eskelund, Valdis, Laurie Chen, Shri Navaratnam Organizations: Central Business, REUTERS, European Chamber of Commerce, Reuters, China ., China . European Union, Thomson Locations: Beijing, China, BEIJING, Greater China, Northeast Asia, Danish, China . European

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal is important for moving consumer goods from Asia to the United States, especially ahead of peak selling seasons like Christmas. The Canal also is maintaining a suspension of extraordinary auctions for transit slots in both locks through Sep. 2. "Demand remains high, which proves that the Panama Canal is still competitive in most segments, even with measures taken to save water," the authority added. The Panama Canal has a 40%-market share of containers moving from Northeast Asia to the U.S. East Coast.

Persons: Aris Martinez, Elida Moreno, Marianna Parraga, Gary McWilliams, Grant McCool Organizations: Monrovia NSU CHALLENGER, REUTERS, PANAMA CITY, Panama Canal Authority, Canal Authority, U.S ., Thomson Locations: Cocoli, Panama, Panama City, PANAMA, Asia, United States, South, Pacific Coast, Northeast Asia, U.S . East Coast

☆ What Qin Gang's disappearance means for U.S.-China relations
▼ + stars: | 2023-07-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

U.S. officials greet Qin Gang, then China's foreign minister, ahead of a meeting with U.S. Secretary of State Antony Blinken (not pictured) in Beijing on June 18, 2023. Leah Millis | Afp | Getty ImagesBEIJING — The flurry over Qin Gang's disappearance and removal from the position of foreign minister has little impact on U.S.-China relations, analysts said. China officially announced his dismissal from the foreign minister role on Tuesday. China's foreign ministry has declined to shared why Qin had to leave his position. watch nowWhile Wang's return to the foreign minister role is unusual, his promotion to top diplomat had also come contrary to expectations of retirement.

Persons: Qin Gang, Antony Blinken, Leah Millis, Qin Gang's, Qin, China's, Wang Yi, Xi Jinping, Nick Marro, Xi, Wang, Jeremy Chan, Anna Ashton, Biden Organizations: U.S, Afp, Getty, Communist Party, Economist Intelligence Unit, Eurasia Group Locations: Beijing, BEIJING, China, Eurasia, Northeast Asia, U.S

☆ The world is back to July 2022 — Russia's junked a vital food grain deal and Europe may be teetering on the brink of another energy crisis
▼ + stars: | 2023-07-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Russia said it would not extend the Black Sea grain deal that allows food exports out of Ukraine. IEA warned on Monday Europe could face an energy crisis this winter if Russian gas supplies are cut. As a result, the Black Sea grain deal was scuppered. Prices fell back to pre-war levels when the Black Sea grain deal was struck. "Fierce competition for gas supplies could also emerge if Northeast Asia experiences colder-than-usual weather and economic growth is stronger than expected in China."

Persons: It's, Dmitry Peskov Organizations: Service, Kremlin, TASS, UN, International Energy Agency, European Locations: Russia, Ukraine, Wall, Silicon, Europe, Russian, Moscow, Asia, China, EU

☆ US needs to speed up delivery of weapons to Taiwan - US general
▼ + stars: | 2023-07-14 | by ( Idrees Ali | Thomson Reuters | National Security Correspondent Focusing On The Pentagon In Washington D.C. Reports On U.S. Military Activity | ) www.reuters.com time to read: +2 min

TOKYO, July 14 (Reuters) - The United States and its allies need to speed up the delivery of weapons to Taiwan in the coming years to help the island defend itself, the top U.S. general said on Friday. The United States is Taiwan's most important arms supplier. Beijing has repeatedly demanded the sale of U.S. weapons to Taiwan stop, viewing them as unwarranted support for the democratically governed island that Beijing claims. Milley said Taiwan needed weapons like air defence systems and those that could target ships from land. Milley said the United States was looking at whether it needed to change where some U.S. forces were based within the Asia Pacific.

Persons: Mark Milley, Milley, Antony Blinken, Wang Yi, Idrees Ali, Robert Birsel Organizations: U.S . Army, Joint Chiefs of Staff, U.S, Asia Pacific, Thomson Locations: TOKYO, United States, Taiwan, Beijing, U.S, Tokyo, Ukraine, Russian, China, Taipei, Asia, South Korea, Japan

☆ South Korea, Japan leaders to meet; Fukushima radioactive water, North Korea missile launch focus
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

Japan plans to soon start releasing more than a million tons of treated radioactive water from its tsunami-wrecked Fukushima nuclear plant, a move which has stirred anger and concern among South Koreans. A South Korean presidential official has said the Fukushima water discharge plan could be discussed at the meeting. But Seoul has said it will decide whether it will agree or not to Japan's release when Tokyo comes up with the final plan. Seoul and Tokyo have in recent years been taking steps to improve ties between the old northeast Asian rivals, especially due to the threat from North Korea. Separately, Yoon also plans hold a meeting with leaders of Japan, Australia and New Zealand while in Lithuania.

Persons: Yoon Suk, Fumio Kishida, Yoon, Soo, hyang Choi, Michael Perry Organizations: NATO, South Koreans, International Atomic Energy Agency, South Korean, Thomson Locations: SEOUL, North Korea, Japan, Seoul, Tokyo, Lithuania, Pyongyang, American, Australia, New Zealand

☆ India is now the most populous country in the world. And it’s ready to become a tourism force
▼ + stars: | 2023-06-13 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +9 min

A series of bold investmentsExperts say much of India’s outbound growth trajectory is being driven by improvements in infrastructure and an expansion in its aviation sector. Morgenshtern says the rise in outbound tourism from India is the result of investment not just by the government but by private airlines as well. Air India, for example, is fully owned by Indian conglomerate Tata Sons. As part of its efforts to expand its offerings, the company announced earlier this year it will be operating flights under both the Air India brand and Air India Express, having previously merged the latter with Tata’s other low-cost airline, AirAsia India. In February, Air India purchased nearly 500 new planes, the most ever bought in one order by a single airline.

Persons: Omri Morgenshtern, it’s, Gary Bowerman, It’s, Delhi’s Indira, Morgenshtern, Indira, Bowerman, Jyotiraditya Scindia, ”, “, Matthew Micah Wright, ” Morgenshtern, Arun Sankar, ” Bowerman, there’s Organizations: CNN, Reuters, Times, National Capital, Delhi’s Indira Gandhi International, Indira Gandhi International, Creative, Imaging, Air India, Tata Sons, Air India Express, AirAsia India, India, LCC, ”, Tata, US . Air India, Indigo, Civil Aviation, CAPA India Aviation Summit, Bank Locations: India, China, Noida, Jewar, Uttar Pradesh, Times of India, Delhi, Western Uttar Pradesh, Asia, ., India’s, Europe, Africa, Morgenshtern, France, Switzerland, Thailand, Malaysia, Indonesia, An, Vietnam, Southeast Asia, Singapore, Japan, Korea, Taiwan, Air China, Beijing, Shanghai, China Southern, Guangzhou, Northeast Asia

☆ Why North Korea’s Latest Nuclear Claims Are Raising Alarms
▼ + stars: | 2023-06-02 | by ( Pablo Robles | Choe Sang-Hun | ) www.nytimes.com time to read: +17 min

North Korea has a track record of showing mockups of weapons still under development for the sake of propaganda. So far, North Korea has released photos of three nuclear devices, and the latest one — dubbed Hwasan-31, or “Volcano-31” — is by far the smallest. CHINA NORTH KOREA Pyongyang SOUTH KOREA Seoul CHINA NORTH KOREA YELLOW SEA Pyongyang Seoul SOUTH KOREA CHINA NORTH KOREA Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA NORTH KOREA Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA Launched from vehicles NORTH KOREA Pyongyang SOUTH KOREA Seoul CHINA Launched from vehicles NORTH KOREA YELLOW SEA Pyongyang Seoul SOUTH KOREA CHINA Launched from vehicles NORTH KOREA Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA Launched from vehicles NORTH KOREA Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA Launched from train cars NORTH KOREA Pyongyang SOUTH KOREA Seoul CHINA Launched from train cars NORTH KOREA YELLOW SEA Pyongyang Seoul SOUTH KOREA CHINA Launched from train cars NORTH KOREA Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA Launched from train cars NORTH KOREA Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA Underwater launch NORTH KOREA Pyongyang SOUTH KOREA Seoul CHINA Underwater launch NORTH KOREA YELLOW SEA Pyongyang Seoul SOUTH KOREA CHINA Underwater launch NORTH KOREA Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA Underwater launch NORTH KOREA Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA NORTH KOREA Possible underground launch Pyongyang SOUTH KOREA Seoul CHINA NORTH KOREA Possible underground launch Pyongyang Seoul SOUTH KOREA CHINA NORTH KOREA Possible underground launch Pyongyang YELLOW SEA Seoul SOUTH KOREA CHINA NORTH KOREA Possible underground launch Pyongyang YELLOW SEA Seoul SOUTH KOREASince 2019, North Korea has launched missiles from locations scattered across the country. Satellites can help North Korea collect data from such long-range missile tests to improve its ICBM technology. If North Korea conducts another nuclear test, its seventh, it may be to show that its new and smaller Hwasan-31 nuclear warhead works.

Persons: Kim Jong, Kim, Kim’s, Donald J, Trump, Hwasan, James Martin, Dr, Markus Schiller, Lee Jong, ” Mr, Lee Organizations: Korean Central News Agency, Agence France, Presse Korean Central News Agency, Presse, North Korean, Washington, European Pressphoto Agency, Associated Press, European Pressphoto Agency Korean Central News Agency, Associated Press Korean Central News Agency, James Martin Center, Nonproliferation Studies, Institute for Science, International Security, Japan Ministry of Defense, Seoul SOUTH KOREA, U.S, SOUTH KOREA JAPAN Major U.S, Seoul SOUTH KOREA JAPAN Major U.S, CHINA RUSSIA NORTH, US Department of Defense, ST Analytics, South Korean Defense Ministry, CHINA NORTH, Seoul CHINA NORTH, Pyongyang, Pyongyang Seoul SOUTH KOREA, Seoul, KOREA, NORTH, KOREA CHINA NORTH, Pyongyang Seoul SOUTH KOREA CHINA NORTH, Seoul SOUTH, Reuters, North, South Korean, ”, South Locations: North, North Korea, Korea, Japan, Washington, Seoul, United States, Northeast Asia, U.S, South Korea, RUSSIA CHINA, Seoul SOUTH KOREA JAPAN, CHINA RUSSIA, CHINA RUSSIA NORTH KOREA, Kaesong, Presse, CHINA, CHINA NORTH KOREA Pyongyang, Seoul CHINA, Seoul CHINA NORTH KOREA, Pyongyang Seoul SOUTH, Pyongyang Seoul SOUTH KOREA CHINA, KOREA Pyongyang, KOREA CHINA, Pyongyang, NORTH KOREA Pyongyang, KOREA CHINA NORTH KOREA, Pyongyang Seoul SOUTH KOREA CHINA NORTH KOREA, Seoul SOUTH KOREA, Presse North Korea, North Korean

BEIJING, May 8 (Reuters) - The Global Times, a hawkish Chinese state media tabloid, on Monday criticised a letter of protest sent to it by South Korea's embassy in China, the latest public spat amid worsening ties between the Asian neighbours. The South Korean embassy "expressed strong regret over a series of unreasonable slanderous articles" from the Global Times, in a letter of protest published Friday on its website. In its editorial, the Global Times slammed the embassy's "brutal interference in (its) independent reporting". South Korea's embassy in China did not immediately respond to a request for comment. In a similar incident last December, China's ambassador in South Korea criticised Korean media for stoking anti-China sentiment.

☆ North Korea warns Biden and South Korea's deterrence agreement will lead to more danger
▼ + stars: | 2023-04-29 | by ( Sophie Tanno | ) edition.cnn.com time to read: +3 min

CNN —The influential sister of North Korean leader Kim Jong Un has hit back at a key agreement made between the US and South Korea, claiming it will only serve to worsen security. Washington and Seoul made a pact at the White House on Wednesday that aims to deter North Korean aggression, including a new US commitment to deploy a nuclear-armed submarine in South Korea for the first time since the early 1980s. Biden and Yoon met this week, with the United States pledging to give South Korea more insight into its nuclear planning over any conflict with North Korea. Kim Yo Jong, the younger sister of Kim Jong Un, is a powerful figure in North Korea after she was promoted to the nation’s top decision-making body in September 2021. South Korea’s National Intelligence Service previously assessed her to be the country’s “de facto second in command.”

WASHINGTON, April 26 (Reuters) - President Joe Biden and South Korean leader Yoon Suk Yeol are expected to agree on Wednesday to deepen collaboration meant to deter nuclear escalation by North Korea amid heightened anxiety about its growing arsenal of missiles and bombs, U.S. officials said. The Republic of Korea is South Korea's official name. The officials stressed that no U.S. nuclear weapons would be returned to the peninsula, and South Korea would continue not to have control over the U.S. nuclear arsenal. South Korea will also reaffirm its commitment to the nuclear non-proliferation treaty and its non-nuclear status, they said. It is only the second state visit Biden has hosted since he took office two years ago - the first such guest was France's president.

WASHINGTON, April 21 (Reuters) - At a summit next week with South Korean leader Yoon Suk Yeol U.S. President Joe Biden will pledge "substantial" steps to underscore the U.S. commitment to deter a North Korean nuclear attack on South Korea, a senior U.S. official said on Friday. In a poll released on April 6 by the Asian Institute for Policy Studies in Seoul, 64.3% of South Koreans supported developing nuclear weapons with 33.3% opposed. The survey showed 52.9% of South Koreans were confident the United States would use nuclear weapons to defend South Korea in the event of a nuclear attack by North Korea. A second official said the United States welcomed the role South Korea had played in supporting Ukraine and would "welcome additional steps (It) might be willing to take." Biden will also commend huge South Korean tech investment in the United States since he took office, which was now approaching $100 million, the official said.

☆ North Korea's next nuke test a matter of 'when,' not 'if,' US Army general says, warning its on the way to a key nuclear capability
▼ + stars: | 2023-04-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

A top US Army general warned that North Korea is on its way to developing a key nuclear capability. Gen. Paul LaCamera also said this week that Pyongyang's next nuclear test is only a matter of time. LaCamera also said North Korea is slated to carry out a seventh nuclear test at some point in the future. North Korea conducted six nuclear tests between 2006 and 2017, and each underground test produced explosive yields progressively larger than the one before it. Ju Ae has become a regular figure at North Korea's military-oriented events in recent months after spending years cloaked in mystery.

It was the first time that Seoul suggested a willingness to provide weapons to Ukraine, more than a year after ruling out the possibility of lethal aid. During the summit, Yoon said he will seek "tangible outcomes" on the allies' efforts to improve responses to evolving threats from North Korea, which has ramped up military tests, and launched its first solid-fuel intercontinental ballistic missile last week. In February, South Korea and the U.S. staged table-top exercises simulating a North Korea nuclear attack as part of Seoul's efforts to play a bigger role in Washington's nuclear policy over the North. "I think there's no big problem if Japan is joining, but since there's been much progress between the U.S. and South Korea, it would be more efficient to create this system ourselves first." "The Taiwan issue is not simply an issue between China and Taiwan but, like the issue of North Korea, it is a global issue."

☆ China to close airspace north of Taiwan April 16-18, sources say
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - China is planning to close the airspace north of Taiwan from April 16 to 18, four sources with knowledge of the matter said, a move that could disrupt flights around the region. China and Taiwan's foreign ministries did not immediately respond to requests for comment. It comes as China rounds off several days of military training around self-ruled Taiwan, a response to Taiwan President Tsai Ing-wen's recent meeting with U.S. House Speaker Kevin McCarthy in California which infuriated Beijing. One senior official with direct knowledge of the matter said the flight ban would affect 60%-70% of flights going between Northeast Asia and Southeast Asia, as well as flights between Taiwan and South Korea, Japan and North America. Reporting by Yimou Lee in Taipei and Sakura Murakami and Tim Kelly in Tokyo; Editing by Jacqueline Wong and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

NEW DELHI/LONDON, April 6 (Reuters) - Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. The ban comes on top of a halt late last year on Russian crude sales into the bloc as well as Western price caps. Also in March, Russian clean products shipped to Togo reached 973 million MT-NM, up from zero in November. Conversely, Russian exports to the Netherlands dropped to 238,200 tonnes in February from 1.15 million tonnes in September. Those longer distances are being done at higher costs for Russian products than for typical shipments from Europe.

☆ LVMH boss Bernard Arnault's wealth soared over $200 billion, making him the third person ever after Elon Musk and Jeff Bezos to reach the milestone
▼ + stars: | 2023-04-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

LVMH boss Bernard Arnault's net worth surpassed $200 billion on Tuesday. Arnault is also the first person outside the US to surpass a net worth of $200 billion. His net worth gained $2.4 billion on Tuesday, bringing the Frenchman's fortune to $201 billion, per Bloomberg's index. Shoppers in China are expected to boost the luxury goods sector this year after the country lifted COVID-zero restrictions. The 73-year-old tycoon has not announced who will succeed him as LVMH CEO.

☆ US amphibious assault ship joins drills in South Korea
▼ + stars: | 2023-03-23 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

BUSAN, South Korea, March 23 (Reuters) - South Korean and U.S. troops launched their largest amphibious landing drills in years involving a U.S. amphibious assault ship, officials said on Thursday, a day after North Korea tested four long-range cruise missiles. About 12,000 sailors and marines from the two countries will take part, as will 30 warships, 70 aircraft and 50 amphibious assault vehicles, the South Korean military said. Hours before the ship docked, North Korea fired four cruise missiles off its east coast, South Korea said, in apparent protest of ongoing drills by the U.S. and South Korea. The ship's welldeck, which can be flooded to provide direct access to the sea, allows it to launch and recover landing craft and other amphibious vehicles, the U.S. military said. South Korea and the U.S. say the exercises are purely defensive.

☆ Hong Kong is giving out 500,000 free plane tickets. I tried to get one as a Singapore resident and ended up stuck in a waiting room behind 50,000 people.
▼ + stars: | 2023-03-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Sponsored by Hong Kong's airport authority, the giveaway involves the distribution of 500,000 airline tickets via three of the city's carriers: Cathay Pacific, Hong Kong Airlines, and Hong Kong Express. Residents in Singapore quickly snapped up all 12,500 free round-trip tickets Cathay Pacific was giving out on Thursday. Those interested need to apply for a free Cathay Pacific membership on its website and answer three quiz questions about Cathay Pacific correctly, according to SCMP. Budget carrier Hong Kong Express is slated to join the campaign later, but it hasn't released details. Hong Kong Airlines did not immediately respond to Insider's requests for comment.

☆ How China is helping to prop up the Russian economy through the war in Ukraine
▼ + stars: | 2023-02-22 | by ( Laura He | ) edition.cnn.com time to read: +8 min

China has been buying more energy from Russia since the Ukraine war started. Total trade between China and Russia hit a new record high in 2022, up 30% to $190 billion, according to Chinese customs figures. In particular, the energy trade has risen markedly since the onset of the war. Russian companies have been using more yuan to facilitate the increased trade with China. UnionPay, the Chinese payments system, has reportedly stopped accepting cards issued by Russian banks over fears of international sanctions, according to Russian paper Kommersant.

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