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For the world leaders meeting with Biden over the next week, there’s no assurance that he'll be the president they’ll be dealing with for the next six years. The U.S. is unnerved by Chinese military exercises that threaten Taiwan and raise the specter of a future invasion. “Tuesday was a good day for America, a good day for democracy,” Biden said Thursday at a Democratic National Committee event. Another reason that Biden might find the trip more gratifying is that he averted the midterm wipeout that sitting presidents normally endure. Biden’s midterm test went much better.
PHNOM PENH, Cambodia—The West is confronting Russia over its war in Ukraine. The U.S.’s relationship with China has reached a new low, and the threat of recession is hanging over the global economy. President Biden is traveling through Southeast Asia and meeting with leaders of the Group of 20 nations, including Chinese leader Xi Jinping , at a fraught moment for the world. He will try to boost alliances in the region, ease tensions with China and maintain a unified front against Russia, a G-20 member, over the war in Ukraine.
Southeast Asia leaders kick off ASEAN summit in Cambodia
  + stars: | 2022-11-11 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +4 min
Cambodia, this year's chair for the Association of Southeast Asian Nations (ASEAN), is hosting the weekend summit in Phnom Penh — the group's first in-person meeting since the Covid pandemic. Leaders from the U.S., China, South Korea and Japan will also be meeting ASEAN leaders in Phnom Penh. "Looking to the future, ASEAN needs to strongly promote the values that have made ASEAN successful over the past five decades. The ASEAN nations want more trading partners, the more, the better," he told CNBC's "Street Signs Asia" on Thursday. The Treaty of Amity and Cooperation in Southeast Asia is a peace treaty among Southeast Asian countries established in 1976.watch now
Morning Bid: Disinflation stations
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +4 min
A year ago, the prospect of a 7.7% annual inflation rate 12 months on would have been shocking. As world markets everywhere rose in sympathy, those Wall St gains appear to be holding at least on Friday. The swoon in U.S. Treasury yields and the dollar was probably even more significant, with two-year yields recording their biggest one-day drop since 2008 and the dollar its deepest fall since 2015. Although Bitcoin managed to bounce with all world markets, it's struggled to keep a foothold back above $17,000 on Friday and is still nursed losses totalling 17% this month alone. University of Michigan November sentiment and inflation expectationsUS inflation, Fed rates and marketsReuters GraphicsReuters Graphics Reuters GraphicsReuters GraphicsBy Mike Dolan, editing by Angus MacSwan <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.
JAKARTA, Indonesia — Russian President Vladimir Putin will not attend the Group of 20 summit in Indonesia next week, an Indonesian government official said Thursday, avoiding a possible confrontation with the United States and its allies over his war in Ukraine. U.S. President Joe Biden, Chinese President Xi Jinping and other world leaders are to attend the two-day summit in Bali that starts Nov. 15. Luhut Binsar Pandjaitan, the Chief of Support for G-20 events told reporters in Denpasar, Indonesia, that Russia’s Foreign Minister Sergey Lavrov will lead the Russian delegation. Biden will attend ASEAN and the G-20 while Vice President Kamala Harris will travel to APEC. Putin’s decision not to attend the G-20 comes as Russia’s forces in Ukraine have suffered significant setbacks.
Cambodian PM to give luxury watches as ASEAN summit souvenirs
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +3 min
[1/3] A view of the mechanism of a wristwatch intended as a souvenir for world leaders gathering at the ASEAN Cambodia 2022 summit, in this undated image obtained from social media on November 10, 2022. Hun Sen official Facebook page/via REUTERSPHNOM PENH, Nov 10 (Reuters) - Cambodian Prime Minister Hun Sen, an aficionado of luxury watches, will hand out intricate, locally made timepieces as souvenirs for world leaders at an international summit he is hosting this week. "These watches have been prepared and assembled by pure Cambodian technicians, which is part of scientific and technology and developments of Cambodia," Hun Sen wrote of the 25 limited-edition watches. While some Cambodians criticised the extravagance of the high-end gift, others praised Hun Sen for promoting the country's fledgling watchmaking ambitions. Sok Eysan, a spokesperson for Hun Sen's ruling Cambodian People's Party, said there was "nothing political or strange" about the watches.
Cambodian Prime Minister and ASEAN host Hun Sen addressed Friday's opening ceremony with a call for vigilance and wisdom during times of economic and geopolitical turmoil. The junta has blamed a lack of progress on the pandemic and obstruction from armed resistance movements that it calls terrorists. James Crabtree, Executive Director of the International Institute for Strategic Studies-Asia, said ASEAN was struggling to cope with internal divisions over Myanmar and other issues. One Western diplomat who will attend the meeting said that while the bloc may try to make the Myanmar peace plan more action-oriented, "little progress is expected". G20 leaders are meeting in Bali next week and the Asia-Pacific Economic Cooperation (APEC) forum will take place in Bangkok after that.
Asked if he plans to tell Chinese President Xi Jinping that he is committed to defending Taiwan from Chinese aggression, President Biden said, ‘I’m going to have that conversation with him.’President Biden said he plans to discuss how the U.S. and China can avoid conflict when he meets with Chinese leader Xi Jinping during his coming Asia trip, but won’t make concessions on critical issues. “What I want to do with him when we talk is lay out what each of our red lines are, understand what he believes to be in the critical national interests of China, what I know to be the critical interests of the United States, and to determine whether or not they conflict with one another,” Mr. Biden told reporters in Washington. “And if they do, how to resolve it and how to work it out.”
BANGKOK — Southeast Asian leaders convene in the Cambodian capital Thursday, faced with the challenge of trying to curtail escalating violence in Myanmar while the country’s military-led government shows no signs of complying with the group’s peace plan. U.S. President Joe Biden will be on hand for the Phnom Penh summit of the Association of Southeast Asian Nations, which comes as Washington and Beijing are increasingly jockeying for influence in the Asia-Pacific region. In addition to Myanmar, the four-day meetings are expected to focus on ongoing disputes in the South China Sea, pandemic recovery issues, regional trade and climate change. Neither Xi nor Putin is expected to attend the ASEAN talks or the parallel East Asia Summit, though both China and Russia are thought to be sending high-level delegations. “For Southeast Asia it’s really important to physically show up, and I think the Americans are very aware of this,” Daniel said.
Factbox: Some of the world's worst stampedes
  + stars: | 2022-10-29 | by ( ) www.reuters.com   time to read: +4 min
April 1998: One hundred and nineteen Muslim pilgrims are crushed to death during the haj in Saudi Arabia. Feb 2004: A stampede kills 251 Muslim pilgrims in Saudi Arabia near Jamarat Bridge during the haj ritual stoning of the devil. Jan 2005: At least 265 Hindu pilgrims are killed in a crush near a remote temple in India's Maharashtra state. July 2010: A stampede kills 19 people and injures 342 when people push through a tunnel at the Love Parade techno music festival in Duisburg, Germany. Sept 2015: At least 717 Muslim pilgrims are killed and 863 injured in a crush at the haj pilgrimage in Saudi Arabia.
[1/3] Cambodia's Foreign Minister Prak Sokhonn speaks during a meeting with Southeast Asian foreign ministers at the secretariat of the Association of Southeast Asian Nations (ASEAN) in Jakarta, Indonesia, October 27, 2022. Galih Pradipta/Pool via REUTERSJAKARTA, Oct 27 (Reuters) - Myanmar's military government warned on Thursday that any pressure from its Southeast Asian neighbours to put a time frame on a peace plan would create "negative implications". No Myanmar representatives were present at the special meeting of the group's foreign ministers to discuss the stalled peace plan. Late on Thursday, Myanmar's military-appointed foreign ministry released a statement blaming armed resistance movements for violence and saying pressure to set a time frame will create more negative implications than positive ones. And Indonesia has mentioned that this request needs to be delivered to Tatmadaw (Myanmar's military) immediately," said Retno.
Indonesian workers were recruited for jobs in Cambodia involving scamming "clients" on Facebook, a new investigation reveals. One trafficking victim told VOD English that workers who didn't reach quotas had to do push-ups. One of the trafficking victims told VOD English that she was referred to a job recruiter on Facebook through her former boss. Sky told VOD English that workers who didn't reach their quota for "clients" had to do 50 push-ups for each client they were missing. "I was so stupid to believe him, because I have no choice," she told VOD English.
BEIJING, Aug 4 (Reuters) - China's Foreign Minister Wang Yi on Thursday called U.S. House Speaker Nancy Pelosi's visit to Taiwan a "manic, irresponsible and highly irrational" action by the United States, state broadcaster CCTV reported. Wang, speaking at the ASEAN Foreign Ministers meeting in Phnom Penh, Cambodia, said China has made the utmost diplomatic effort to avert crisis, but will never allow its core interests to be hurt. China's current and future measures are necessary and timely defensive countermeasures, carefully considered and evaluated, aimed at safeguarding national sovereignty and security, in line with international and domestic law, CCTV cited Wang as saying. Reporting by Beijing Newsroom; Writing by Martin Quin Pollard; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Manan Vatsyayana | AFP | Getty ImagesAfter more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world's largest trade agreement in 2020. All 16 countries started negotiating RCEP in 2013, when talks for another major trade pact — the Trans-Pacific Partnership or TPP — were underway. Given China's absence in the then U.S.-led TPP, which was slated to be the world's largest trade deal, many observers considered RCEP a way for Beijing to counter American influence in the region. The final text with details of the trade agreement will go through legal reviews before being signed and released. Deborah Elms, executive director at consultancy Asian Trade Centre, told Reuters that would help Asian producers to sell more of their products to the rest of the region.
The child sex trade in Cambodia
  + stars: | 2015-04-03 | by ( Lisa Cohen | ) edition.cnn.com   time to read: +3 min
In 2013, the Freedom Project went to Cambodia with Oscar-winning actress and UNODC Goodwill Ambassador against Human Trafficking, Mira Sorvino. The result was “Every Day in Cambodia: A CNN Freedom Project Documentary,” which looked at child sex trafficking in the country. In Svay Pak, a notorious child sex trafficking hub in Phnom Penh, Sorvino met Kieu, who was then around 14 years old. She had been rescued from sex trafficking by Agape International Missions (AIM), a non-profit for trafficked and at risk children and teenagers. “If people weren’t trying to buy child sex it wouldn’t be being sold.”Watch the video above to find out more.
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