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☆ Australia and China: Rebound in Ties Threatened by Death Sentence for Australian Writer
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +4 min

China's then ambassador to Australia says that in response to the call, the Chinese public would boycott Australian wine, beef and tourism. Nov. 27, 2020 - China will impose temporary anti-dumping tariffs on Australian wine, China announces. Jan. 3, 2023 - China allows three government-backed utilities and its top steelmaker to resume coal imports from Australia. Oct. 11, 2023 - China releases Australian journalist Cheng Lei after three years in a Beijing prison on national security charges. Oct. 22, 2023 - China agrees to review dumping tariffs of 218% on Australian wine, potentially clearing way for the resumption of imports.

Persons: Yang Hengjun, Anthony Albanese, China's, Cheng Lei, Albanese, Xi Jinping, Jan, Li, Kirsty Needham, Antoni Slodkowski, Gerry Doyle Organizations: SYDNEY, South China, Huawei Technologies Co, Australia's Labor Party Locations: Beijing, Canberra, China, South, Australia, Indonesia, Japan

☆ Australian War Hero Appeals Defamation Ruling on Reports He Was Complicit in Afghan Unlawful Killings
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Lewis JacksonSYDNEY (Reuters) - An Australian court on Monday began hearing the appeal of a decorated war hero, who is fighting a court defamation ruling that found media groups had proven their reports he played a part in the unlawful killings of four Afghans in Afghanistan. He called the reports false and based on claims of failed soldiers who were jealous of his accolades, and sought unspecified damages. The civil court defamation finding required a lower threshold of proof than a criminal court would. Roberts-Smith, 45, whose portrait hangs in the Australian War Memorial, has not been charged with any crimes. The lengthy legal battle has racked up huge costs for Roberts-Smith and his financial backer, Seven West Media chairman Kerry Stokes.

Persons: Lewis Jackson SYDNEY, Ben Roberts, Smith, Roberts, Kerry Stokes, Stokes, Lewis Jackson, Alasdair Pal, Michael Perry Organizations: Former SAS, Victoria Cross, Nine Entertainment, Australian, Roberts, Seven West Media, Sydney Morning Herald Locations: Afghanistan

☆ Australia Sweats Through Heatwave, Bushfire Risk Rated 'Extreme'
▼ + stars: | 2024-02-03 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

SYDNEY (Reuters) - Large swaths of Australia on Sunday sweltered through a heatwave as authorities warned of elevated bushfire risk in an already high-risk fire season during an El Nino weather pattern. The nation's weather forecaster had heatwave alerts in place for Australia's most populous state, New South Wales, the Australian Capital Territory, Northern Territory and Western Australia, warning temperatures in some parts of the country could hit the low 40s Celsius (over 104 degrees Fahrenheit). The high in the west of Sydney, the capital of New South Wales, was forecast at 39 C (102 F), almost 10 degrees above the February mean, forecaster data showed. Hot and dry conditions combined with gusty winds prompted the forecaster to issue "extreme fire danger" warnings for parts of Victoria and South Australia states. Sunday's hot weather - the latest in a string of heatwaves to scorch Australia - comes after the country's east was hit last month by damaging floods.

Persons: El, Sam McKeith, William Mallard Organizations: SYDNEY, Australian Capital, El Nino Locations: Australia, El Nino, New South Wales, Australian Capital Territory, Northern Territory, Western Australia, Sydney, Victoria, South Australia, scorch Australia

☆ Australia PM Says Government 'Examining' Claims Against UN Palestinian Agency
▼ + stars: | 2024-02-03 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

SYDNEY (Reuters) - Australia's Prime Minister Anthony Albanese said on Sunday his government was probing claims that some staff of the U.N. Palestinian refugee agency (UNRWA) were involved in the Oct. 7 Hamas attacks on Israel, after Australia paused funding to the aid agency last month. Australia is one of several countries to have halted funding for UNRWA, a critical source of support in Gaza, after Israeli claims of U.N. employees' complicity with Hamas. "We're examining it, along with other like-minded countries like Canada, the United Kingdom and the United States. War in Israel and Gaza View All 194 ImagesLate last month, Britain, Germany, Italy, the Netherlands, Switzerland and Finland joined the United States, Australia and Canada in pausing funding to the aid agency. The agency has opened an investigation into several employees and has severed ties with those people, it has said.

Persons: Anthony Albanese, Albanese, U.N, Antonio Guterres, Sam McKeith Organizations: SYDNEY, Australia's, Australia, UNRWA, Australian Broadcasting Corp, European Union Locations: Palestinian, Israel, Australia, Gaza, Canada, United Kingdom, United States, Britain, Germany, Italy, Netherlands, Switzerland, Finland, Sydney

☆ Australia PM to Introduce Bill to Reshape Tax Cuts on Tuesday
▼ + stars: | 2024-02-03 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

"We'll release the actual legislation later today it will be introduced into the parliament on Tuesday," Albanese told the Australian Broadcasting Corp. He said he wanted the bill passed "during this existing session" of federal parliament, which resumes on Feb. 6. The new policy, recently announced, will see people earning up to A$135,000 ($88,763) fall into lower tax brackets from July 1. For some high-income earners tax breaks will nearly halve, with the savings redirected to those on low incomes. Albanese flagged last month that his centre-left government would soon legislate the changes but did not specify a timeline.

Persons: Anthony Albanese, " Albanese, Albanese, Sam McKeith, David Gregorio Organizations: SYDNEY, Australia's, Australian Broadcasting Corp, Labour Locations: Sydney

TOKYO (AP) — Asian shares mostly rose Friday, helped by optimism about technology shares following a Wall Street rally led by big tech stocks. On Wall Street, U.S. stocks bounced back in a widespread rally following their worst day since September. Such data could give the Federal Reserve more of the evidence it wants of a slowdown in inflation before it will deliver the cuts to interest rates that investors crave. Traders are increasingly betting the Federal Reserve will begin cutting interest rates in May, after pushing back expectations from March. High interest rates intentionally slow the economy, and they undercut prices for investments.

Persons: Australia's, Korea's Kospi, Merck, Etsy Organizations: TOKYO, Nikkei, Dow Jones, Nasdaq, Microsoft, Big Tech, Apple, Meta, Facebook, Federal, crave, Elliott Investment Management, , New York Community Bancorp, Valley Bank, Signature Bank, New York Community Bancorp, Institute for Supply Management, Traders, Federal Reserve, Fed, New York Mercantile Exchange, Brent, U.S . Locations: Shanghai, U.S, ,

DOHA, Qatar (AP) — With China sitting out the first two diving events, other nations got a chance to shine on Day 1 of the World Aquatics Championships. Australia's Alysha Koloi won the women's 1-meter springboard, while the British squad led by Olympic gold medalist Tom Daley claimed gold in the mixed team. At last year's world championships in Fukuoka, China won 12 of 13 events and captured 19 medals in all. Daley, who won a gold medal in the 10-meter synchro at the Tokyo Olympics, claimed his first international title since taking a year-long break from the sport. The other members of the Australian bronze medal team were Li Shixin, Maddison Keeney and Nikita Hains.

Persons: Australia's Alysha Koloi, Tom Daley, Grace Reid, Egypt's Maha Amer, Amer, Daley, Scarlett Mew Jensen, Daniel Goodfellow, Andrea Spendolini Sirieix, Gabriela Agundez Garcia, Randal Willars Valdez, Jahir Ocampo Marroquin, Aranza Vazquez Montano, Cassiel Rousseau, Rousseau, Li Shixin, Maddison Keeney, Nikita Hains, ___ Organizations: China, British, Olympic, Tokyo, Paris Games Locations: DOHA, Qatar, China, Doha, Paris, Fukuoka, Cairo, U.S, Arkansas, Florida, Australia

☆ Marjorie Taylor Greene is trying to boot Ilhan Omar from her committees over misquoted remarks about Somalia
▼ + stars: | 2024-02-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Marjorie Taylor Greene is trying to censure Ilhan Omar and boot her from her committees. AdvertisementRep. Marjorie Taylor Greene is forcing the House to vote next week to rebuke Rep. Ilhan Omar for a widely misquoted speech she recently delivered about Somalia. The Georgia Republican's resolution would censure the Minnesota Democrat and remove her from the remainder of her committees. In November, she forced a vote on a censure resolution against Rep. Rashida Tlaib of Michigan for "inciting an insurrection" by speaking at a pro-Palestinian protest. But Greene's Tlaib censure failed after 23 Republicans voted against it, and Tlaib was later censured via a much more narrowly-tailored resolution days later.

Persons: Marjorie Taylor Greene, Ilhan Omar, Omar, Greene, —, Rashida, Tlaib, Tom Emmer, Ron DeSantis Organizations: Somali, Service, Minnesota Democrat, House Republicans, House Foreign Affairs, Minnesota Republican Locations: Somalia, The Georgia, Michigan, Somali, Minnesota, U.S, United States, Ethiopia, Somaliland, Florida

☆ Death of Fringe Friendships: Making Gen Z Sad, Hurting Job Prospects
▼ + stars: | 2024-02-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +16 min

One of the biggest reasons for our shrinking social circles is the loss of fringe friends — casual friends that you enjoy seeing occasionally. These relationships might seem trivial or inconsequential, but experts and research indicate that fringe friends are vital. But now these fringe friend groups are disappearing, and we're all worse off for it. AdvertisementGlimmers of hope for Gen ZThe decline in fringe friends has also created a generational divide when it comes to who's doing well socially. There's no real solution to the loss of fringe friends.

Persons: Nikol Moses, Moses, Gen, would've, That's, —, Gen Zers, It's, Juliana Horowitz, Daniel Cox, Cox, what's, he'd, we've, Danielle Bayard Jackson, Long, Evan Paul Cudworth, Cudworth, Anna Goldfarb, I've, he's, Pew's Horowitz, Jackson, she'd, Goldfarb, it's, — Moses Organizations: Brisbane —, IRL, Pew Research Center, Gallup, Pew, American Survey, Survey, Survey Center, American Enterprise Institute, bodega, Federal Reserve Bank of Philadelphia, Facebook, Social, DMs, Pew Research, American Locations: Melbourne, Brisbane, Brooklyn, New York

☆ Ship Carrying 16,000 Sheep and Cattle Stranded off Australia
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

"It's very hard to imagine that that is consistent with the animal welfare standards that Australians expect to be applied to Australian animals." ROUGH WEATHERAustralia is a major exporter of live animals, shipping more than half a million sheep and half a million cattle last year. Most cattle go to Asian markets such as Indonesia and Vietnam but the Middle East is by far the biggest destination for Australian sheep. Israel is a key market, receiving 86,100 sheep worth $6.5 million and 10,848 cattle worth $14 million from Australia in the first three months of last year, trade data show. Australia's Labor government has pledged to outlaw exports of live sheep in coming years but faces angry pushback from farm groups who say this would put people out of work and destroy farming communities.

Persons: Peter Hobson CANBERRA, Yemen's, Josh Wilson, Bassem, Geoff Pearson, Canberra, Peter Hobson, Stephen Coates Organizations: Fremantle, WA Farmers, Reuters, Korkyra Shipping, Labor Locations: Australia, Israel, Africa, Red, Europe, Asia, Indonesia, Vietnam, New Zealand

BANGKOK (AP) — Asian shares were mixed on Tuesday, with Hong Kong and Shanghai leading declines, ahead of a decision by the Federal Reserve this week on interest rates. But shares in China Evergrande New Energy Vehicle Group gained 7% as they resumed trading after they also were suspended on Monday. Other property companies led the decline in Hong Kong, where the benchmark Hang Seng index sank 2.4% to 15,694.69. Political Cartoons View All 253 ImagesTechnology companies also retreated, with food delivery company Meituan down 2.8% and e-commerce giant Alibaba falling 1.9%. On Monday, U.S. stocks gained as they kicked off a week where Wall Street’s most influential stocks may show whether the huge expectations built up for them are justified.

Persons: ” Stephen Innes, Australia's, Archer Daniels, Brent Organizations: Federal Reserve, China Evergrande Group, Energy Vehicle Group, Evergrande, Services, Sunac China Holdings, F, Technology, Management, Nikkei, Dow Jones, Nasdaq, Big Tech, Microsoft, Traders, Fed, Archer Daniels Midland, Amazon, New York Mercantile Exchange, U.S Locations: BANGKOK, Hong Kong, Shanghai, China, Guangzhou, Asia, South Korea, U.S, Wall, iRobot

☆ Asia markets set to rise; GDP, inflation readings and Fed meeting in focus this week
▼ + stars: | 2024-01-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set to rise as investors await GDP and inflation data from around the region this week. Markets will also be watching the U.S. Federal Reserve's first rate decision of 2024, set to be released Wednesday stateside. This week's major events will be China's factory activity figures for January as well as Australia's fourth-quarter inflation figures on Wednesday. This will be last set of key data before the Reserve Bank of Australia's meeting on Feb. 5. On Wednesday, Taiwan and Hong Kong will also release their fourth-quarter GDP numbers.

Organizations: Opera, Vivid, U.S, U.S . Federal, Reserve Bank of Australia's Locations: Sydney, Australia, Asia, Pacific, U.S ., Taiwan, Hong Kong

☆ Australia's New South Wales State Premier Condemns Neo-Nazi Rally
▼ + stars: | 2024-01-28 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

SYDNEY (Reuters) - The premier of Australia's New South Wales state condemned on Sunday a neo-Nazi rally in the state capital Sydney as "appalling", a day after Prime Minister Anthony Albanese said neo-Nazism was on the rise in the country. "Police are meeting these obnoxious and appalling racists head-on in New South Wales streets," Premier Chris Minns told reporters in Sydney, describing the event as a "neo-Nazi demonstration". The prime minister said Australia had seen a rise in neo-Nazism, which was condemned "by all decent people". At the time, the centre-left Labor government said the laws sent a clear message there was no place in Australia for those who glorify the Holocaust or terrorist acts. (Reporting by Sam McKeith in Sydney; Editing by Kim Coghill)

Persons: Anthony Albanese, Chris Minns, Albanese, Sam McKeith, Kim Coghill Organizations: SYDNEY, Australia's, Nazi, Police, Labor Locations: Australia's New South Wales, Sydney, New South Wales, Australia, Israel, Gaza

☆ Australia Appoints Former Minister to Head Sovereign Wealth Fund
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

By Lewis JacksonSYDNEY (Reuters) - Australia's centre-left Labor government on Monday said it would appoint a former climate change minister to chair the A$212 billion ($139 billion) sovereign wealth fund, the second successive ex-minister to hold the position. Until then, Combet will continue as chair of the Net Zero Economy Agency, which oversees Australia's net zero transition plans, Chalmers said. Future Fund board member Mary Reemst has been appointed acting chair until he begins the role. Started in 2006 by then Treasurer Peter Costello with proceeds from the privatisation of state telco Telstra, the Future Fund today rivals the country's largest pension funds in size. In one of his final speeches last November, he urged government to resist using the fund to support political projects.

Persons: Lewis Jackson SYDNEY, Greg Combet, Jim Chalmers, Combet, Chalmers, Mary Reemst, Mr Combet, Peter Costello, telco, Costello, Lewis Jackson, Stephen Coates Organizations: Labor, IFM, Future Fund, Economy Agency, telco Telstra, Fund, Liberal Party

☆ Australia's Resources Minister Seeks Investment From S.Korea, Japan
▼ + stars: | 2024-01-28 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

MELBOURNE (Reuters) - Australia's resources minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a "prospectus" of 52 investment ready critical minerals projects. "Australia's critical minerals are key to the world's energy transformation," said Minister Madeleine King in a statement. King will be meeting Japan's trade minister Ken Saito, and South Korean trade and energy minister Duk-geun Ahn, she said in a statement. The minister is also expected to engage her counterparts on natural gas as Australia develops its future gas policy, given both nations are large customers of the major exporter. Already this year, a string of Australian nickel projects have been iced, including part of BHP's operations in the state of Western Australia.

Persons: Madeleine King, King, Ken Saito, geun Ahn, Melanie Burton, Christopher Cushing Organizations: MELBOURNE Locations: South Korea, Japan, Korean, Australia, Western Australia, Australian

☆ The conservative legal world lines up behind Donald Trump at the Supreme Court
▼ + stars: | 2024-01-26 | by ( Joan Biskupic | ) edition.cnn.com time to read: +9 min

CNN —As Donald Trump wages a Supreme Court battle to stay on state presidential ballots, a potent contingent of the conservative legal world has united behind him. The new filings in the case of Trump v. Anderson also reinforce the tight world of Supreme Court lawyering. From the start, the Colorado voters trying to keep Trump off the ballot, and who won at the state Supreme Court level, have been represented by former US Supreme Court clerks who’ve become prominent advocates. In this screengrab from video, Jonathan Mitchell speaks during a panel on Supreme Court Justice Antonin Scalia's legacy in April 2016. A decision could come any day, and when that happens, the case of United States v. Trump would, no doubt, return to the justices.

Persons: Donald Trump, Jonathan Mitchell, Roe, Wade, Elena Kagan, Trump, who’ve, Noel Francisco, George W, Bush, John Yoo, Antonin Scalia, Clarence Thomas, Anderson, Mitchell, Thomas, Scalia, Jason Murray, Justice Kagan, Eric Olson, Sean Grimsley, John Paul Stevens, Sandra Day O’Connor, Joe Biden, “, United States …, ” Mitchell, United States ’, ”, Francisco, William Barr, Michael Mukasey, Edwin Meese, Trump’s, Antonin Scalia's, Scott Gessler, Jack Smith Organizations: CNN, Republican National Committee, GOP, Trump, Colorado, White, Colorado Supreme, Capitol, Confederate, United, National Republican, University of Chicago, Supreme, SPAN, Republican, Dhillon Locations: Texas, Colorado, United States

☆ Thousands Protest Australia Day Holiday With 'Invasion Day' Rallies
▼ + stars: | 2024-01-25 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

SYDNEY (Reuters) - Thousand's marked Australia's national day on Friday with "Invasion Day" rallies in support of the country's Indigenous community, many of whom oppose celebrating the day a British fleet sailed into Sydney Harbour in 1788. Australia Day commemorates the day Britain established the state of New South Wales a penal colony, arriving in what is now the state capital Sydney with a "First Fleet" bringing colonists and convicts. Many people celebrate the holiday with barbecues and trips to the beach, and it is also a popular date for immigrants to receive their Australian citizenship. In Sydney, thousands of protesters, many waving Indigenous flags, gathered in the city centre at an "Invasion Day" rally before a march that closed nearby city streets. Two statues of colonial figures were vandalised in Melbourne earlier this week ahead of the contentious national holiday.

Persons: Browne, Anthony Albanese, Albanese, Sam McKeith, Lincoln Organizations: SYDNEY, Sydney Harbour, Australian Broadcasting Corp, Labor Party Locations: British, Sydney, Britain, New South Wales, Victoria's Melbourne, Canberra, Melbourne

☆ Lounges, lay-flat beds, and award-winning menus. Here's what you can expect from this Australian airline's premium offering.
▼ + stars: | 2024-01-25 | by ( Sponsor Post | Sponsored Qantas | ) www.businessinsider.com time to read: +6 min

Meanwhile, Qantas' Business lounges offer stylish interiors, productivity-focused workspaces, exclusive shower suites, free-flow drinks, and delicious meals and snacks. Business passengers can enjoy equally inviting ergonomic lay-flat beds. Enjoy a peaceful night in the Business Class beds. Inspired by seasonal ingredients and blending Asian flavors with modern Australian cuisine, First presents an à la carte menu featuring signature dishes, including premium plant-based options. Business passengers also enjoy a selection of Neil Perry-designed dishes celebrating Australian produce and flavors along with a standard full formal dining offering.

Persons: Read, armchairs, it's, Martin Grant, terry, Neil Perry, David Caon Organizations: Qantas Airlines, Qantas, revel, Best Business, Airport, Insider Studios Locations: Australia, Singapore, Sydney, London, Hong Kong, South Korea, Japan, Qantas Singapore, —, Melbourne, Los, Seoul, Qantas Australian, Sydney , Melbourne, Auckland

If you travel overseas, you'll soon find that your Asian Cup live streams will be interrupted due to geo-restrictions. Ultimately allowing you to access your usual AFC Asian Cup live streams, and other top-quality soccer and sport such as free AFCON live streams. Paramount Plus Essential (Monthly Plan) Paramount Plus' Essential tier is a steal at this price and only has limited ads. How to watch Asian Cup live streams in AustraliaLike in the US, Paramount Plus is the service you need to watch Asian Cup live streams in Australia. You'll need to set up an account to do so, but all that requires is your email address and away you go — free Asian Cup live streams!

Persons: you've, you'll, it's, ExpressVPN Organizations: AFC Asian, Jordan, Asian, Paramount Plus, AFC, Paramount, USA, Triller, Canada CBS's Paramount, CBS Sports Golazo, CBS, Nickelodeon, Comedy Central, BET, MTV, NFL, Champions League, Showtime, Sky Sports, Socceroos Locations: Qatar, Iran, China, India, Japan, Iraq, South Korea, USA, Australia, Canada, Puerto Rico, Guam, North America

☆ Australia's Labor Government Defends Shift in Personal Tax Policy
▼ + stars: | 2024-01-24 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

The government has reached a "different view" about the already-legislated tax cuts, Treasurer Jim Chalmers said, as the conservative opposition coalition criticised the government for breaking an election pledge of retaining the tax cuts. Chalmers said the tax policy shift would help build trust as it was designed to provide more cost-of-living relief for more people without stoking inflation. Under the new policy, people earning up to A$140,000 ($92,050) will enjoy lower taxes from July 1, Australian media reported. A 37% tax band would be retained for some high earners, with the savings redirected to those on low incomes. That has dented Albanese's ratings since his 2022 election win.

Persons: Renju Jose SYDNEY, Jim Chalmers, Chalmers, Anthony Albanese, Albanese, reneging, James Paterson, Renju Jose, Richard Chang Organizations: Labor, Channel, National Press, Labor Party, Home Affairs, Sky News Locations: Sydney

Somali authorities have spent years working to restore the national stadium in Mogadishu, and on Dec. 29 Prime Minister Hamza Abdi Barre inaugurated the national soccer tournament. Now, the air crackles with anticipation as thousands pour into the stadium each afternoon. Political Cartoons View All 253 ImagesBut many Somalis are willing to brave the stadium, which has a heavy security presence. Most recently, between 2012 and 2018, the stadium was a base for African Union peacekeepers. “When this stadium was used as a military camp, it was a source of agony and pain.

Persons: Hamza Abdi Barre, Siad Barre, ”, Mohamud Abdirahim, Khadro Ali, “, Ali Abdi Mohamed, Mohamed Barre Organizations: soccer, East, Hirshabelle, Ethiopian, African Union, Somali Football Federation Locations: MOGADISHU, Somalia, Mogadishu, East Africa, Shabab, Jubbaland, South West, Puntland, Somaliland, al

☆ Three Firefighters Among Six Killed in Gas Truck Explosion in Mongolia - Officials
▼ + stars: | 2024-01-24 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - At least six people were killed including three firefighters after a truck carrying 60 tons of liquefied natural gas exploded in the Mongolian capital of Ulaanbaatar on Tuesday, according to Mongolia's emergency officials. At least 11 people were injured in the fire near the Dunjingarav market, Mongolia's Emergency Management Office said in a post on Facebook. More than 600 firefighters 100 vehicles were involved in putting the fire out, which was eventually extinguished. According to local online news outlets, the fire quickly engulfed several nearby buildings, including a residential building. "Our thoughts are with the families of all those affected and we wish a fast recovery to those injured in this tragic event."

Persons: Fiona Blyth, Lidia Kelly, Michael Perry Organizations: Reuters, Emergency Management, Facebook, 63rd, Unit, National Fire Service Locations: Mongolian, Ulaanbaatar, Mongolia, Melbourne

It said China plans to tap offshore funds held by Chinese state-owned enterprises and also local funds. Elsewhere in Asia, South Korea's Kospi rose 0.6% to 2,478.61 and Australia's S&P/ASX 200 added 0.5% to 7,514.90. ADM also said it expects to report profit for the full year of 2023 that’s below what analysts were forecasting. That in turn has relaxed the pressure considerably on the stock market and helped it to rip higher. In other trading, U.S. benchmark crude oil rose 9 cents to $74.85 per barrel in electronic trading on the New York Mercantile Exchange.

Persons: Seng, Tan Boon Heng, “, ” Tan, Sunoco, Archer Daniels Midland, Tesla Organizations: Bloomberg, Mizuho Bank, Nikkei, Bank of Japan, U.S ., Dow Jones, Nasdaq, Technologies, NuStar Energy, ADM, American Airlines, Intel, Procter, Gamble, Federal Reserve, Treasury, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong Kong, Shanghai, Beijing, China, South, U.S

☆ Australia Imposes Sanctions on Russian Hacker Over Medibank Breach
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Renju JoseSYDNEY (Reuters) - Australia on Tuesday imposed cyber sanctions on a Russian man for his role in the breach at insurer Medibank, one of the country's biggest data thefts which impacted about 10 million customers. Targeted financial sanctions and a travel ban have been imposed on Russian citizen Aleksandr Ermakov after Australian authorities linked him to the breach at Medibank, Home Affairs Minister Clare O'Neil said during a press briefing. This is the first time Australia has used its cyber sanctions framework since legislating it in 2021. Medibank in 2022 disclosed that a hacker stole the personal information of 9.7 million current and former customers, and released the data on the dark web. Hackers in November hit DP World Australia, one of the country's largest ports operators, forcing it to suspend operations for three days.

Persons: Renju Jose SYDNEY, Aleksandr Ermakov, Clare O'Neil, they're scumbags, we'll, O'Neil, Renju Jose, Jonathan Oatis, Stephen Coates Organizations: Medibank, cybercrime, Home Affairs Locations: Australia, Victoria, Sydney

☆ Australia's Northeast Braces for Second Cyclone in a Month
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

By Renju JoseSYDNEY (Reuters) - A tropical low in the Coral Sea will likely develop into a cyclone and hit Australia's northeast later this week, the weather bureau said on Tuesday, a month after tropical Cyclone Jasper caused widespread damage across the region. "It is intensifying and will likely reach cyclone strength overnight tonight or during Wednesday ... a coastal crossing is most likely overnight on Thursday," Laura Boekel, forecaster at the Bureau of Meteorology, said during a press briefing. Heavy rain will drench regions that are already wet, significantly raising the risk of flash flooding, Boekel said. "This could be a very widespread as well as a very long-duration event," Boekel said. Cyclone Jasper in December left a trail of destruction in Queensland's northern regions, forcing some residents to flee their homes and cutting off towns.

Persons: Renju Jose SYDNEY, Laura Boekel, Boekel, Renju Jose, Stephen Coates Organizations: Meteorology, Cyclone Locations: Cyclone Jasper, Queensland, Queensland's, Sydney

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