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How the $13 trillion economy's slowdown will affect other emerging markets is still an unanswered question for investors. "Lower for longer Chinese growth is shaping a new regime of investments," Amundi's head of emerging markets Yerlan Syzdykov told Reuters. The World Bank trimmed its 2024 China growth forecast to 4.4% from 4.8%. 6/DEVELOPING REFORMThe World Bank, IMF and other multilateral development banks are under pressure to boost lending to poorer countries to fund development and tackle climate change. China and other large emerging economies have long demanded a greater say in the global financial architecture, which is still dominated by parameters set out by the 1944 Bretton Woods meeting, where the IMF and World Bank were established.
Persons: Abdelhak, Joseph Cuthbertson, Syzdykov, Anna Gelpern, Gregory Smith, Smith, Mehmet Simsek, Tayyip Erdogan, Erdogan, drubbing, Timothy Ash, Jorgelina, Rosario, Rachel Savage, Marc Jones, Karin Strohecker, Christina Fincher Organizations: International Monetary Fund, World Bank, Palais des, REUTERS, Federal Reserve, International Monetary, PineBridge Investments, Reuters, Bank, Ukraine, U.S, Kyiv, Paris Club, IMF, American, London, G Investments, JPMorgan, Egypt IMF, Fitch, Reuters Graphics Reuters, Finance, BlueBay Asset Management, Thomson Locations: Palais, Palais des Congres, Marrakech, Morocco, Argentina, Pakistan, Kenya, Egypt, CHINA, China, UKRAINE, Ukraine, Zambia, Sri Lanka, Ghana, Georgetown, Nigeria, TURKEY, Ankara, New York, Washington, London, Woods
CNN —China plans to expand its space station to six modules from three in coming years, offering astronauts from other nations an alternative platform for near-Earth missions as the NASA-led International Space Station (ISS) nears the end of its lifespan. The operational lifetime of the Chinese space station will be more than 15 years, the China Academy of Space Technology (CAST), a unit of China’s main space contractor, said at the 74th International Astronautical Congress in Baku, Azerbaijan, on Wednesday. At 180 metric tons after its expansion to six modules, Tiangong is still just 40% of the mass of the ISS, which can hold a crew of seven astronauts. Russia, a participant in the ISS, has similar space diplomacy plans, suggesting that Moscow’s partners in the BRICS group – Brazil, India, China and South Africa – could construct a module for its space station. Roscosmos, the Russian space agency, said last year it was planning to build a space station comprising six modules that could accommodate up to four cosmonauts.
Persons: Tiangong, Organizations: CNN, NASA, Space, China Academy of Space Technology, International Astronautical, European Space Agency, ESA, Global Times Locations: China, Baku, Azerbaijan, European, United States, Russia, Brazil, India, South Africa, Russian
Iraq is about to become the latest country to join the de-dollarization drive, per Reuters. The greenback will be banned from being used in cash transactions and withdrawals from January 1, the outlet reported. Several countries, including China and Russia, have made efforts to fuel the de-dollarization movement this year. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "But don't talk to me about cash dollars anymore."
Persons: , Mazen Ahmed, Ahmed, Vladimir Putin Organizations: Reuters, Service, greenback, Iraq isn't Locations: Iraq, China, Russia, Iraqi, New York, Beijing
REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Oct 5 (Reuters) - China plans to expand its space station to six modules from three in coming years, offering astronauts from other nations an alternative platform for near-Earth missions as the NASA-led International Space Station (ISS) nears the end of its lifespan. The operational lifetime of the Chinese space station will be more than 15 years, the China Academy of Space Technology (CAST), a unit of China's main space contractor, said at the 74th International Astronautical Congress in Baku, Azerbaijan, on Wednesday. At 180 metric tons after its expansion to six modules, Tiangong is still just 40% of the mass of the ISS, which can hold a crew of seven astronauts. Russia, a participant in the ISS, has similar space diplomacy plans, suggesting that Moscow's partners in the BRICS group - Brazil, India, China and South Africa - could construct a module for its space station. Roscosmos, the Russian space agency, said last year it was planning to build a space station comprising six modules that could accommodate up to four cosmonauts.
Persons: Fei Junlong, Deng Qingming, Zhang Lu, Florence, Tiangong, Ryan Woo, Gerry Doyle Organizations: REUTERS, Rights, NASA, Space, China Academy of Space Technology, International Astronautical, European Space Agency, ESA, Global Times, U.S, Thomson Locations: Beijing, China, Rights BEIJING, Baku, Azerbaijan, European, U.S, United States, Russia, Brazil, India, South Africa, Russian
This will amount to 22.5% of global wheat exports, a market-leading share. In the same period, Ukraine’s share of global wheat exports has shrunk from 9% to an expected level of a little over 6% for this season. “Ukraine’s [grain] exports are vital to its economy and to feed the world,” Bridget A. S&P Global expects its wheat exports to fall by 3.7 million tons to 13.4 million in 2023-24, the lowest in nine years. And a significant reduction in the global wheat supply could yet lift prices, suggests Welsh.
Persons: Dmitry Medvedev, Vladimir Putin, ” Caitlin Welsh, Bridget A, Putin, Andrey Sizov, Stringer, ” Welsh, Sizov, Vladimir Nikolayev, Paul Hughes, , Olesya, Svitlana Vlasova Organizations: London CNN —, Russia’s Security, Global, CNN, Initiative, Center for Strategic, International Studies, Moscow, Twitter, Getty, Union, European Commission, EU, US Department of Agriculture, Reuters, Romania, P Global, Locations: Russia, Ukraine, Moscow, Nedvigovka, AFP, Ukraine’s, Poland, mudslinging, Egypt, Siberian Novosibirsk, “ Ukraine
Ambassador to the United Arab Emirates Martina Strong believes the U.S. is unequivocally the most important foreign policy actor in the Middle East. Her comments come roughly one year after President Joe Biden threatened "consequences" for Saudi Arabia after the OPEC kingpin slashed oil production along with its allies against Washington's wishes. Biden's administration has been notably quiet about recent OPEC+ output cuts, however, even as oil prices have rallied close to $100 a barrel. Saudi Arabia has recently shown signs of steering toward China and Russia after rekindling relations with Iran through Beijing-mediated talks and receiving an invitation to join the emerging economies' BRICS alliance. Asked by CNBC's Dan Murphy whether the U.S. remained the most important foreign policy actor in the region, Strong replied, "Absolutely.
Persons: United Arab Emirates Martina Strong, Joe Biden, Washington's, Biden's, CNBC's Dan Murphy, Strong, Saudi Arabia's Crown Prince, Mohammed bin Salman, Narendra Modi, Evelyn Hockstein Organizations: United Arab Emirates, U.S ., UAE, Saudi Arabia's Crown, India's, Bharat, Afp, Getty Locations: U.S, Saudi Arabia, Israel, China, Russia, Iran, Beijing, New Delhi
The economist who coined the "BRIC" acronym said the currency idea seemed "crazy." The bloc is helmed by the major emerging nations of Brazil, Russia, India, China, and South Africa. It also appears that it's just Russia and Brazil that have really pushed for a BRICS common currency. But even if a BRICS currency comes to pass, its use could be limited. AdvertisementAdvertisementPrakash said a BRICS currency would be used in "very narrow and vertical settings, or for BRICS projects."
Persons: , Washington, Joseph Sullivan —, There's, Jim O'Neill, Goldman Sachs, O'Neill, Xi Jinping, Narendra Modi, Xi, didn't, Li Qiang, Liu Pengyu, Modi, Liu, there's, Abishur Prakash, it's, China hasn't, Palit, Prakash Organizations: Service, White House, Indian, Monetary Fund, China's, UN, China, Institute of South Asian Studies, National University of Singapore, Affairs Ministry Locations: China, India, Russia, Ukraine, Brazil, South Africa, Europe, Africa, Beijing, New Delhi, Johannesburg, China's Washington, DC, BRICS
boonchai wedmakawand | Moment | Getty ImagesSupply cuts from heavyweight crude producers have helped drive oil prices near $100 per barrel — fueling some to consider the potential for future demand destruction. Seven European refiners and traders, who spoke under anonymity because of contractual obligations, told CNBC that local buyers can withstand oil prices veering into triple digits without lowering their output runs. Some European market participants polled by CNBC doubted triple-digit oil prices are sustainable in the long term, with three pointing to possible demand destruction — where customers gradually answer persistently high prices with fewer purchases. "Sometimes high oil prices can become a self-fulfilling prophecy," Indian Energy Minister Hardeep Singh Puri warned in August. The oil price hike has benefitted Moscow despite sanctions.
Persons: boonchai, Sushant Gupta, Wood Mackenzie, Topping, Ukraine —, refiner, Hardeep Singh Puri, Giovanni Staunovo Organizations: Brent, ING, Organization of, Petroleum, CNBC, U.S . Energy, Administration, Indian Energy, UBS Locations: London, Asia, Wood, OPEC, Saudi Arabia, Russia, China, Europe, Ukraine, U.S, Moscow, Washington, Israel, East, Riyadh, Iran, Beijing
Oil prices surging to the brink of $100 per barrel and the specter of higher for longer inflation have renewed concern about stagflation risks, however. Kashkari reaffirmed this message when speaking to CNBC on Wednesday, saying that he was not sure if interest rates have been raised enough to successfully fight price growth. Market participants are worried that surging oil prices could keep inflation higher for longer, amplifying the risk of stagflation. "The price pressure reflects a shortage of supply, after OPEC+ cut production targets, under the leadership of Saudi Arabia and Russia. This must be seen in the context of a moving geopolitical environment, with Saudi Arabia recently joining the BRICS group," they added.
Persons: Mel Lagomasino, CNBC's, Lagomasino, Neel Kashkari, Kashkari, Jerome Powell, Chip Somodevilla, Stagflation, , South Africa — Organizations: WE, CNBC, Federal Reserve, Getty, Brent, . West Texas Intermediate, Organization of, Petroleum, OPEC, Generali Investments, United Locations: Minneapolis, Washington ,, Saudi Arabia, Russia, OPEC, stagflation, Brazil, India, China, South Africa, Argentina, Egypt, Iran, Ethiopia, United Arab Emirates
China is willing to play a "constructive" role in the success of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, its top diplomat said on Tuesday, after President Xi Jinping's absence at the annual Group of 20 summit in India. "As the world's largest developing country and an important member of APEC, China is willing to comply with the expectations of the international community and play a constructive role in the success of APEC this year," said Chinese Foreign Minister Wang Yi. Xi, with no official explanation, did not go to the G20 summit in New Delhi this month, with the Chinese premier, Li Qiang, attending in his place. That prompted the United States to say China was "giving up" on the G20 and was building an alternative world order. "Of course, we and all parties hope that the United States will recognize its responsibility as the host, demonstrate openness, fairness, inclusiveness, and responsibility, and create better conditions for the smooth holding of the meeting," Wang said at a news conference, when asked whether Xi would attend APEC.
Persons: Cyril Ramaphosa, Brazil Luiz Inacio Lula da Silva, China Xi Jinping, India Narendra Modi, Sergei Lavrov, Xi, Wang Yi, Li Qiang, Wang Organizations: Russia's, United Arab, Economic Cooperation, APEC Locations: China, India, Argentina, Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, Sandton, Johannesburg, South Africa, Asia, San Francisco, New Delhi, United States
Foreign Minister Subrahmanyam Jaishankar was expected to seize on India’s geopolitical high in his speech at the United Nations on Tuesday. But circumstances have changed — quite abruptly — and India comes to the General Assembly podium with a diplomatic mess on its hands. India has long sought greater recognition at the United Nations. For decades, it has eyed a permanent seat at the Security Council, one of the world’s most prestigious high tables. The U.N. Security Council, he said, “will be compelled to provide permanent membership."
Persons: Narendra Modi, Modi, Subrahmanyam Jaishankar, Justin Trudeau, Trudeau, , Michael Kugelman, Wilson, Gandhi’s, Happymon Jacob, ” Jacob, Jaishankar, couldn’t, , United States —, “ There’s, Jake Sullivan, Antony Blinken, there's, Hardeep Singh Nijjar, Kugelman, Robert Rae, he’s, ” Kugelman Organizations: DELHI, African Union, United Nations, , South Asia Institute, Strategic, Defense Research, Security Council, . Security, . Security Council, , Shanghai Cooperation Organization, White, Canadian, Associated Press, General Assembly Locations: India, African, Canadian, Vancouver, New Delhi, Ottawa, Canada, China, France, Russia, Britain, United States, Ukraine, U.S, Delhi, Washington, Australia, Japan
GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING/SEOUL, Sept 23 (Reuters) - China's President Xi Jinping on Saturday said he will seriously consider visiting South Korea, Yonhap news agency reported, as part of efforts to support peace and security on the Korean Peninsula. Xi, who has not visited South Korea since 2014, held talks with Han in the eastern Chinese city of Hangzhou before the opening ceremony of the Asian Games on Saturday. Xi told Han he would welcome such a summit at an opportune time and would seriously consider visiting South Korea, Yonhap reported. China attaches great importance to the positive willingness of South Korea to commit to cooperation, Xi said, according to CCTV, and asked South Korea to meet it half way to maintain the direction of friendly cooperation. Tensions between the two countries rose after North Korea's Kim Jong Un made a week-long visit to Russia earlier this month, which angered the United States, Japan and South Korea.
Persons: Xi Jinping, GIANLUIGI, Xi, Han Duck, Han, Yonhap, Korea's Kim Jong Un, Albee Zhang, Ryan Woo, Joyce Lee, Mike Harrison, David Holmes Organizations: Rights, China Central Television, South Korean, Asian Games, South, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, SEOUL, South Korea, China, Hangzhou, Seoul, Japan, North Korea, Russia, United States, Beijing
Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Sept 23 (Reuters) - China is willing to work with South Korea to promote a strategic partnership to develop with the times, President Xi Jinping told South Korean Prime Minister Han Duck-soo on Saturday, amid rising tensions surrounding Russia, the United States and North Korea. The commitment to cooperation came ahead of scheduled trilateral talks between China, Japan and South Korea in Seoul on Sept. 26, the first summit led by their senior officials in four years. Xi told Han that he welcomes the summit at an opportune time and he will seriously consider the matter of visiting South Korea, Yonhap reported on Saturday. China attaches great importance to the positive willingness of South Korea to commit to cooperation, Xi said, and asked South Korea to meet it half way to maintain the direction of friendly cooperation.
Persons: Xi Jinping, GIANLUIGI, Han Duck, Xi, Han, Yonhap, Korea's Kim Jong, Albee Zhang, Ryan Woo, William Mallard, Mike Harrison Organizations: Rights, South Korean, Asian Games, China Central Television, South, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, South Korea, Russia, United States, North Korea, Hangzhou, Japan, Seoul
Abu Dhabi, UAE CNN —Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) said that his country was moving “closer” each day toward reaching a normalization deal with Israel, the first time he has publicly acknowledged the process. We’re gonna see how it goes.”The Biden administration has for several months been in talks with Saudi Arabia on the matter, according to US officials. Saudi Arabia has been strengthening its ties with China as Washington’s rivalry with the Asian nation heats up. “We are the biggest buyer of American armored manufacturing,” he said, adding that Saudi Arabia is “critical” to US arms exports. Saudi Arabia is in the process of changing laws to make them “more realistic” for Saudis, he said.
Persons: UAE CNN — Saudi Arabia’s Crown Prince Mohammed bin Salman, , Biden, don’t, Benjamin Netanyahu, Netanyahu, Joe Biden, Fox News ’ Brett Baier, ” BRICS, BRICS, Jamal Khashoggi, Khashoggi Organizations: UAE CNN — Saudi Arabia’s Crown, Fox News, Saudi, MBS, , West Bank, Wednesday, CNN, Fox, White, America, CIA Locations: Abu Dhabi, UAE, Israel, Saudi, Saudi Arabia, Riyadh, , Iran, Tehran, China, Beijing, Gulf, America, Arabia, West, Russia, Istanbul
Indonesia appears to be the latest country to jump on the de-dollarization bandwagon. The island nation has launched a National Task Force to promote local-currency transactions. The move is expected to help make the rupiah more stable, and support local financial markets, Bank Indonesia said. The island nation has announced it's formed a National Task Force to widen the use of local currency transactions (LCT) with partner countries, according to Indonesia's central bank. While some experts perceive de-dollarization efforts as a threat to the greenback, others have dismissed the movement as a nothingburger.
Persons: it's, Perry Warjiyo, Vladimir Putin Organizations: Force, Bank, Service, Bank Indonesia Locations: Indonesia, Bank Indonesia, Wall, Silicon, China, Russia, India, dollarization, Beijing, New Delhi, Zimbabwe
The dollar's dominance is sticky, political scientist Carla Norrlöf wrote in Project Syndicate. A de-dollarization collective is also unlikely as countries could lose access to the US security guarantee, Norrlöf said. "Governments would need to sever economic and political ties to the US. A de-dollarization collective is also unlikely as countries would lose access to the US security guarantee, Norrlöf said. Even governments who are not direct beneficiaries of American defense would hesitate to worsen relations with the US, a leading military power.
Persons: Carla Norrlöf, Norrlöf Organizations: Project Syndicate, Service, University of Toronto, Atlantic Council, greenback Locations: Wall, Silicon, China, Russia
The General Assembly has undergone tremendous changes as its influence has waned. What does the General Assembly do? Unlike the U.N. Security Council, which can impose sanctions or authorize the use of force, the General Assembly is purely deliberative. The General Assembly also appoints the U.N. secretary general, currently António Guterres, for five-year terms and the Security Council’s 10 nonpermanent members. Last year, President Volodymyr Zelensky of Ukraine delivered a searing rebuke of the Russian invasion of his country in a recorded address to the General Assembly.
Persons: , Peter J, Hoffman, that’s, Dr, , it’s, Israel, António, Volodymyr Zelensky, Guterres, , ” Dr, Indira Gandhi of Organizations: United Nations, Assembly, Security Council, Social Council, BRICS, New School, . Security, United Nations ’, Pacific, General, Sustainable, General Assembly, Security, New Zealand —, Indira Gandhi of India Locations: Manhattan, New York City, United, New York, Africa, Asia, Eastern Europe, Latin America, Caribbean, Western Europe, Ukraine, , South Sudan, Europe, Americas, Australia, North America, Israel, Japan, South Korea, New, , Oceania, America
South Africa to host US-Africa trade summit despite Russia spat
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +3 min
South Africa's economic hub, Johannesburg, will host the U.S.-sub-Saharan Africa Trade and Economic Cooperation Forum from Nov. 2 to 4, U.S. and South African officials said in a joint statement on Wednesday. "As President Biden has said, the future is Africa," United States Trade Representative Katherine Tai said in the statement. Despite Pretoria's declared neutrality, perceived close ties between Russia and South Africa, an important U.S. trading partner in Africa, have ruffled feathers Washington. Pointing to South Africa's joint naval operations with China and Russia in February, and plans to host Russian President Vladimir Putin at a BRICS bloc summit, they also suggested South Africa's trade benefits under AGOA could be revoked. The lawmakers appeared to back up an explosive accusation by the U.S. ambassador to South Africa that a Russian vessel under sanctions collected weapons at a South African naval base last year.
Persons: Katherine Tai, Biden's, Jonathan Ernst, Biden, Tai, Pretoria's, Vladimir Putin, Putin, Ebrahim Patel, Joe Bavier, Grant McCool Organizations: Trade, REUTERS, Saharan, Saharan Africa Trade, Economic Cooperation, United States Trade, U.S . House, U.S . Senate, U.S, Thomson Locations: Washington , U.S, Russia, Washington JOHANNESBURG, South Africa, U.S, Africa, South, Johannesburg, Saharan Africa, Ukraine, Washington, China, Russian, AGOA, United States
Russian President Vladimir Putin meets with China's President Xi Jinping at the Kremlin in Moscow on March 21, 2023. A senior Kremlin official on Tuesday called for closer policy coordination between Moscow and Beijing to counter what he described as Western efforts to contain them as he hosted China's top diplomat for security talks. The Kremlin has continuously expressed support for Beijing as Russia and China have grown increasingly close while their relations with the West deteriorate. Last month, China helped engineer an expansion of the BRICS partnership, which invited six more countries to join what has been a five-nation bloc that includes China, Russia, Brazil, India and South Africa. China has denounced Western sanctions against Moscow, and accused NATO and the United States of provoking Putin's military action.
Persons: Vladimir Putin, Xi Jinping, Nikolai Patrushev, Wang Yi, Patrushev, Putin, Wang, Joe Biden's, Sergey Lavrov, Lavrov Organizations: Kremlin, Security, Moscow, NATO, U.S, Russian Locations: Moscow, Beijing, Russian, Russia, China, Taiwan, Xinjiang, Hong Kong, Tibet, Brazil, India, South Africa, Ukraine, United States, Malta
Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Sept 19 (Reuters) - Chinese President Xi Jinping told two US Flying Tigers veterans who fought for China during World War II that China and the US "should and must" achieve peaceful co-existence, offering further cues for both sides to lower persistent tensions. "Looking to the future, China and the United States, as two major countries, bear more important responsibilities for world peace, stability and development," Xi said. "They should and must achieve mutual respect, peaceful coexistence, and win-win cooperation." Reporting by Ryan Woo; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Xi Jinping, GIANLUIGI, Harry Moyer, Mel McMullen, Xi, Chiang Kai, Han Zheng, Antony Blinken, Han, Ryan Woo, Michael Perry Organizations: Rights, US Flying Tigers, Japan, American Volunteer Group, Flying Tigers, US, shek's Kuomintang, United Nations General Assembly, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, United States, Republic of China
The financial services trade group said in a report that global debt in dollar terms had risen by $10 trillion in the first half of 2023 and by $100 trillion over the past decade. It said the latest increase has lifted the global debt-to-GDP ratio for a second straight quarter to 336%. Prior to 2023, the debt ratio had been declining for seven quarters. Slower growth, alongside a deceleration in price increases, were behind the debt ratio rise, the report said. "As higher rates and higher debt levels push government interest expenses higher, domestic debt strains are set to increase," the IIF said.
Persons: Florence Lo, Rodrigo Campos, Karin Strohecker, Alexander Smith Organizations: U.S, REUTERS, Institute of International Finance, Reuters, Federal, Thomson Locations: United States, Japan, Britain, France, China, India, Brazil, Korea, Thailand, U.S
The General Assembly has undergone tremendous changes as its influence has waned. What does the General Assembly do? The General Assembly is one of six bodies in the United Nations, including the Security Council and the Economic and Social Council. The General Assembly also appoints the U.N. secretary general, currently António Guterres, for five-year terms and the Security Council’s 10 nonpermanent members. Last year, President Volodymyr Zelensky of Ukraine delivered a searing rebuke of the Russian invasion of his country in a recorded address to the General Assembly.
Persons: , Peter J, Hoffman, that’s, Dr, , it’s, Israel, António, Volodymyr Zelensky, Guterres, , ” Dr, Indira Gandhi of Organizations: United Nations, General Assembly, Assembly, Security Council, Social Council, BRICS, New School, . Security, United Nations ’, Pacific, General, Sustainable, Security, New Zealand —, Indira Gandhi of India Locations: Manhattan, New York City, United, New York, Africa, Asia, Eastern Europe, Latin America, Caribbean, Western Europe, Ukraine, , South Sudan, Europe, Americas, Australia, North America, Israel, Japan, South Korea, New, , Oceania, America
(Reuters) - Russia fired cruise missiles at mock targets in the seas separating it from Alaska on Monday in what it said was an exercise to protect its northern shipping route in the Arctic. The defence ministry said Vulcan, Granit and Onyx cruise missiles were fired over distances of hundreds of kilometres to strike targets simulating enemy ships in the Bering Sea. The drills took place on Russia's Chukotka peninsula and in the Chukchi and Bering Seas, and were supervised by Admiral Nikolai Yevmenov, commander-in-chief of the Russian navy. Moscow said last year it planned to spend almost $30 billion by 2035 on developing the northern sea route, which has become more viable as climate change has reduced sea ice in the Arctic. It runs across the top of Russia from Murmansk near the borders with Norway and Finland to the Bering Strait near Alaska.
Persons: Vulcan, Admiral Nikolai Yevmenov, Vladimir Putin, Mark Trevelyan, Kevin Liffey Organizations: Reuters, Onyx Locations: Russia, Alaska, Bering, Chukotka, Russian, Ukraine, Moscow, Murmansk, Norway, Finland
Brazil's President Luiz Inacio Lula da Silva speaks during a press conference at a hotel after the G20 Summit, in New Delhi, India, September 11, 2023. In part, that reflects the choppier waters the 77-year-old Brazilian leader now navigates, as Beijing and Washington flirt with a new Cold War while war rages in Ukraine. Even before he took office, Lula was greeted like a rock star last November at the U.N. climate change conference in Egypt. The closer ties to Beijing could complicate Brazil's relationship with Washington, including access to key technology, Shannon added. "Brazil is rapidly wasting its soft power by trying to be an international player with an outdated agenda," he said.
Persons: Luiz Inacio Lula da Silva, Anushree, Pope, Jair Bolsonaro's, Lula, Oliver Stuenkel, Joe Biden, Vladimir Putin, Thomas Shannon, Porter, Shannon, Nicolas Maduro, Gabriel Boric, Rubens Barbosa, Putin, Maduro, Anthony Boadle, Brad Haynes, Paul Simao Organizations: REUTERS, Rights, United Nations General Assembly, U.S, General Assembly, Amazon, International Criminal Court, ICC, Arnold, Security, Mercosur, Venezuelan, Foreign Ministry, South, Thomson Locations: New Delhi, India, Rights BRASILIA, Brazil, China, Beijing, Washington, Ukraine, Sao Paulo, Egypt, U.S, Rio de Janeiro, Russia, South Africa, Shannon, Nicaragua, Venezuela, Brasilia, Brazilian, London, South American
WASHINGTON, Sept 18 (Reuters) - With the world on track to break the record for the hottest year in history, world leaders, business leaders, celebrities and activists have converged on midtown Manhattan for Climate Week and the U.N.'s Climate Action Summit, again focusing the world's attention on the climate crisis. As of Monday, the U.N. had not announced which world leaders or officials would get one of the coveted speaking slots at the climate summit. "It is disheartening to witness the lack of ambition on what truly ails us – emissions from fossil fuels," the small islands alliance said in a statement. "We implore the international community to use the platforms of the UNGA and New York Climate Week to signal unequivocal support for Small Island Developing States," it said, using the acronym for the U.N. General Assembly. Meanwhile, at several hotel ballrooms and other venues across Manhattan, around 2,600 people have registered for in-person attendance at Climate Week events featuring over 200 speakers from the private sector, governments and nongovernmentalion (NGOs.
Persons: Antonio Guterres, we're, Selwin Hart, Guterres, Hart, We’ve, Romain Ioualalen, Valerie Volcovici, Jonathan Oatis Organizations: Climate, United Nations General Assembly, U.N, Action, United Arab, Alliance of Small, General, Oil Change, Thomson Locations: Manhattan, Paris, United Arab Emirates, Brazil, China, South Africa, India, Russia, New, midtown Manhattan
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