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☆ India's Modi is on a landmark visit to the U.S. Here's what to expect
▼ + stars: | 2023-06-21 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +10 min

"This is a very important visit, it is as much about India reaching out to the U.S., as it is about the U.S. reaching out to India," Pant said. Energy: Reliance on Russian oilAlthough India's purchase of Russian weapons could fall, the same can't be said for oil. When Western nations imposed sanctions on Russian oil as a result of the unprovoked war in Ukraine, India doubled down on its purchases. Russian oil currently accounts for almost 20% of India's annual crude imports, a significant increase from just 2% in 2021, Reuters reported. But India has continued to buy cheap Russian oil since and continues trading with the country despite global sanctions on the Kremlin.

Persons: Joe Biden, Narendra Modi, Harsh, Pant, Biden, Emmanuel Macron, Yoon Suk, Aamer, Vladimir Putin, Alexandr Demyanchuk, Modi, Manjari Miller, Lisa Curtis, Curtis, Karthik Nachiappan, Ashley Tellis, Amit Ranjan, India, Ranjan, —, Tesla, Elon Musk, Tim Cook, Google's Sundar Pichai, Satya Nadella, Raj Subramaniam Organizations: Indian, White House, Getty, U.S, Observer Research Foundation, South, Asia Society Policy Institute, CNBC, Kremlin, Reuters, Shanghai Cooperation Organization, Afp, India's Ministry of Defense, Council, Foreign Relations, NATO, Pacific Security, Center, New, New American Security, Carnegie Endowment, International Peace, Institute of South Asian Studies, National University of Singapore, Energy, Reliance, NUS Institute of South Asian Studies, Technology, China Partnerships, Emerging Technology Locations: Washington ,, India, U.S, Delhi, South Asia, Russia, Ukraine, Samarkand, Pakistan, New American, China, United States, Asia, New York

☆ Biden will not 'lecture' Modi on human rights, White House says
▼ + stars: | 2023-06-21 | by ( Steve Holland | ) www.reuters.com time to read: +3 min

Biden is expected to bring up U.S. concerns about democratic backsliding in India, but he will not lecture Modi on the subject, White House national security adviser Jake Sullivan told reporters. Biden is under pressure by his fellow Democrats to bring up human rights with Modi. Modi will visit the National Science Foundation with first lady Jill Biden on Wednesday and have a private dinner with the president Wednesday night at the White House. On Thursday, Modi will be welcomed with a colorful arrival ceremony on the White House South Lawn. White House national security spokesperson John Kirby said work was still ongoing on this subject.

Persons: Joe Biden, Narendra Modi, Modi, Biden, Jake Sullivan, Sullivan, It's, Tesla's, Elon Musk, Jill Biden, John Kirby, Steve Holland, Heather Timmons, Leslie Adler Organizations: White, Micron Technology, White House, United, Bharatiya Janata Party, National Science Foundation, Biden, House, Thomson Locations: Washington, India, China, backsliding, U.S, United States, New York, Ukraine, Russia

BEIJING, June 21 (Reuters) - A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and decoupling, according to the European Chamber of Commerce in China. The number of European firms that see China as a top-three destination for future investment was at its lowest total on record, the chamber's annual position paper released on Wednesday said. As rising interest rates and inflation squeeze demand in Europe and the United States, companies in China are in contrast battling a sharp decline in prices as the risk of deflation weighs on the world's second-largest economy. BASF (BASFn.DE), Maersk (MAERSKb.CO), Siemens (SIEGn.DE), and Volkswagen (VOWG_p.DE) are among the members of the chamber. The chamber's findings, which were based on the views of members from February to early March, revealed that a record number of companies had lost business last year due to market access and regulatory barriers.

Persons: Xi, Ursula von der Leyen, Joe Cash, Angus MacSwan Organizations: European Chamber of Commerce, BASF, Maersk, Siemens, Volkswagen, Thomson Locations: BEIJING, China, United States, Europe

HONG KONG, June 21 (Reuters) - UBS (UBSG.S) will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses. In the Asia Pacific region, there will be significant reduction in Credit Suisse investment bankers covering Australia and China, where the two banks overlap most, two of the sources said. UBS is also looking to axe most of Credit Suisse's Asia consumer and retail and general industrial group coverage teams, the two sources said. Both UBS and Credit Suisse declined to comment. The bulk of Credit Suisse investment bankers in Southeast Asia have left, said one of the three sources and a fourth person with knowledge of the matter.

Persons: Kane Wu, Selena Li, Yantoultra Ngui, David Goodman Organizations: UBS, Credit Suisse, Credit, Former Credit Suisse, Thomson Locations: HONG KONG, Asia, Credit Suisse, Australia, China, Credit, South Korea, Thailand, Vietnam, India, Southeast Asia, Hong Kong, Singapore

☆ The US Air Force is finally retiring the aging A-10. Now it plans to get rid of some the specially trained airmen who guide the Warthog to its targets.
▼ + stars: | 2023-06-19 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +7 min

The US Air Force has begun retiring the A-10, an aircraft famed for its role in close air support. Indeed, the US Air Force is finally retiring the aging A-10 Warthog ground-attack aircraft, which a top official has said "doesn't scare" China. According to Pentagon's budget request for 2024, the Air Force is looking to cut its TACP force by more than 40% over the next three years. If the plan goes ahead, the Air Force TACP community will have a little over 2,100 positions for officers, enlisted troops, and civilian personnel in 2025, down from the 3,700 slots it has currently, a spokesman told Air Force Times. "I think the military is getting ready for a war where we won't have air dominance," a former Air Force Combat Controller told Insider.

Persons: —, Tyler, Mercedee Wilds, Ryan Conroy, Michael Holzworth, Col, Nathan Colunga, Colunga, Stavros Atlamazoglou Organizations: US Air Force, Tactical Air Control Party, Service, China, US Air National Guard, Staff, Tyler Woodward Tactical Air Control Party, US Army, Marine Corps, Air Force, Air Force Times, Air, National Guard, Air Combat Command, Air Force Combat, Combat, Air Commando, 321st Special Tactics Squadron, Navy, Army Green Berets, Marine Raiders, Air Force Special Operations Command, Air Force Special, Squadron, Tech, Warfare, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: China, Estonian, Kansas, Fort Irwin, California, Ukraine, Afghanistan, Iraq, Estonia, Nevada, Johns

☆ Hugo Boss lifts 2025 targets as demand stays strong
▼ + stars: | 2023-06-15 | by ( Linda Pasquini | ) www.reuters.com time to read: +2 min

June 15 (Reuters) - German fashion house Hugo Boss (BOSSn.DE) on Thursday raised its 2025 sales target, betting on strong demand across its markets. The company forecast annual sales of 5 billion euros ($5.4 billion) by 2025, compared to the previous target of 4 billion euros, which it expects to meet this year. Hugo Boss, which has undergone a brand revamp under the leadership of former Tommy Hilfiger head Daniel Grieder, is investing in marketing to boost sales and expand market share. It is also targeting an operating profit (EBIT) of 600 million euros by 2025, up from a previous goal of around 480 million, and an EBIT margin of at least 12% versus a previous forecast of around 12%. Hugo Boss shares were up 1.7% in early Frankfurt trade, topping the German mid-cap index (.MDAXI).

Persons: Hugo Boss, Tommy Hilfiger, Daniel Grieder, Linda Pasquini, Milla Nissi, Jason Neely Organizations: Thomson Locations: U.S, United States, China, Europe, Asia, Pacific, Frankfurt, Gdansk

[1/6] China's President Xi Jinping and Palestinian President Mahmud Abbas attend a signing ceremony at the Great Hall of the People in Beijing, China June 14, 2023. JADE GAO/Pool via REUTERSBEIJING, June 14 (Reuters) - China is willing to play a positive role to help the Palestinians achieve internal reconciliation and promote peace talks with Israel, Chinese President Xi Jinping told his Palestinian counterpart in Beijing on Wednesday. "The fundamental solution to the Palestinian issue lies in the establishment of an independent Palestinian state based on the 1967 borders with East Jerusalem as its capital," Xi said, according to Chinese state media. Abbas heads the Palestinian Authority that exercises limited self-rule in the West Bank and negotiated with Israel. On Tuesday, Chinese Foreign Minister Qin Gang offered to contribute "Chinese wisdom" to the "Palestinian issue" in a separate meeting with Palestinian counterpart Riyad al-Maliki.

Persons: Xi Jinping, Mahmud Abbas, JADE, Xi, Israel, Abbas, Antony Blinken, Qin Gang, Riyad al, Joe Cash, Mark Heinrich Our Organizations: of, People, JADE GAO, REUTERS, West, West Bank, U.S, United Nations General Assembly, Palestinian Authority, United Nations, United, Security, Foreign, Palestinian, Maliki, Thomson Locations: Beijing, China, REUTERS BEIJING, Israel, East Jerusalem, West Bank, Gaza, Jerusalem, United States, People . China, Iran, Saudi Arabia, Palestinian, New York, Wuhan, Ramallah

☆ Applying for a job? These are the things an employer might dig into about your background.
▼ + stars: | 2023-06-13 | by ( Josée Rose | ) www.businessinsider.com time to read: +6 min

Drug screening is common in North America; the US has seen many states loosen rules on marijuana. Screening social media is happening more, though only 10% of North American companies do it. More North American companies might consider conducting background checks on candidates given how New York Rep. George Santos lied about his background during his campaign. HireRight found that social media screening was a hot topic, with the survey responses showing that there has been year-over-year growth worldwide in the number of organizations doing social media checks. Around three in 10 respondents globally said they don't know enough about social media screening to use it.

Persons: —, HireRight's, Caroline Smith, HireRight, George Santos, Santos, résumé, Alonzo Martinez, Martinez Organizations: America, Service, Companies, North, New York Rep, New York Times, Long Islanders, Republicans, GOP, Justice Department, North America, Employers Locations: North America, Asia, Pacific, Europe, Africa, America

☆ Factbox: Credit Suisse arrivals and departures after UBS seals takeover
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: +3 min

Here are the highlights:OUTLeaving the company:* Credit Suisse General Counsel Markus Diethelm. The Swiss-Italian national returned to Credit Suisse in January 2022 as head of its wealth management division after a stint leading Australian wealth management company AMP. NEWCOMERSA logo is pictured on the Credit Suisse bank in Geneva, Switzerland, March 15, 2023. REUTERS/Denis Balibouse/File PhotoAppointments to the executive board of Credit Suisse AG:* Michael Ebert - becomes Head of Credit Suisse for the investment bank, and head of Americas for the investment bank at UBS. * Andre Helfenstein - continues as CEO Swiss bank, the jewel in the Credit Suisse business whose future UBS is currently considering.

Persons: Markus Diethelm, Romeo Cerutti, Dixit Joshi, Edwin Low, David Miller, Ken Pang, Pang, Francesco De Ferrari, Iqbal Khan, Joanne Hannaford, Mike Dargan, David Wildermuth, Christian Bluhm, Denis Balibouse, Michael Ebert, Simon Grimwood, Isabelle Hennebelle, Claude Honegger, Mike Rongetti, Jake Scrivens, Yves, Alain Sommerhalder, Damian Vogel, Christine Graeff, Andre Helfenstein, Francesca McDonagh, Nita Patel, Goldman Sachs, John Revill, Tomasz Janowski Organizations: UBS, Credit Suisse, Credit, Deutsche Bank, Asia, Global, UBS Global Wealth Management, Italian, AMP, Wealth Management, . Technology, UBS Group, Operations, Technology, Americas, REUTERS, Credit Suisse AG, Credit Suisse Operations, Credit Suisse Chief Technology, Suisse Asset Management, EMEA, European Central Bank, Human, Swiss, Thomson Locations: ZURICH, China, Americas, Asia, Hong Kong, Swiss, Geneva, Switzerland

BEIJING, June 9 (Reuters) - China's factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed on a slowing manufacturing sector and cast a cloud over the fragile economic recovery. "The risk of deflation is still weighing on the economy," said Zhiwei Zhang, chief economist at Pinpoint Asset Management, in a note. China's economy grew faster than expected in the first quarter, but recent indicators show demand is rapidly weakening with exports, imports and factory activity falling in May. Food price inflation, a key driver of CPI, slowed to 1.0% year-on-year from 2.4% in the previous month. On a month-on-month basis, food prices fell 0.7%.

Persons: Zhiwei Zhang, Julian Evans, Pritchard, Dan Wang, Joe Cash, Sam Holmes Organizations: National Bureau of Statistics, Australia, Reuters, Capital Economics, Hang Seng Bank China, Bank of China, China's, Thomson Locations: BEIJING, United States, Europe, China

☆ Exclusive: Bank of America promotes Bettamio to co-head of investment banking; Ahmad to co-head capital markets
▼ + stars: | 2023-06-08 | by ( Lananh Nguyen | Thomson Reuters | Lananh Nguyen Is The U.S. Finance Editor At Reuters In New York | ) www.reuters.com time to read: +1 min

NEW YORK, June 8 (Reuters) - Bank of America Corp (BAC.N) promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday. It also elevated Faiz Ahmad to jointly lead global capital markets with Sarang Gadkari. Bank of America's investment-banking revenue rose 19% to $6.2 billion in the first quarter, its second-best quarter for revenue, even as investment banking fees sank 20%. Jin Su will become the bank's sole president for the Asia Pacific region when Seguchi retires. Peter Guenthardt will lead global corporate investment banking in the region.

Persons: Alex Bettamio, Thomas Sheehan, Faiz Ahmad, Sarang Gadkari, Ahmad, Bilgi Zapparoli, Bernie Mensah, BofA's, Mark Monaco, Augusto Urmeneta, Jiro Seguchi, Jin Su, Seguchi, Peter Guenthardt, Lananh Nguyen, Lisa Shumaker Organizations: YORK, Bank of America Corp, Reuters, Sarang, Global Transaction Services, Bank of, GTS, Asia, Thomson Locations: America, U.S, Asia Pacific

☆ New Zealand highlights importance of partners in tense region
▼ + stars: | 2023-06-08 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, June 8 (Reuters) - New Zealand, long known for its staunch independence in foreign policy, sees like-minded partners as key to helping it navigate a more strategically challenging environment in the Asia Pacific region, its foreign minister said on Thursday. The comments came as tensions mount between the United States and China and the two powers step up efforts to influence countries in the Pacific region where New Zealand sits. Mahuta said New Zealand must have a clear-eyed assessment of the nation's interests and values and determine which tools are right for different circumstances. "An independent foreign policy does not mean isolation, neutrality, or a fixed predetermined view of how we will act on a particular issue," she said. "As the world evolves, so must our foreign policy," Mahuta said, adding the country would invest in a range of partnerships - bilateral, regional and multilateral.

Persons: Nanaia Mahuta, Mahuta, Lucy Craymer, Sonali Paul Organizations: New Zealand Institute of International Affairs, Thomson Locations: New Zealand, Asia, United States, China, Pacific, Auckland . New Zealand, Australia, Britain, Canada

George Clinical declined to comment. The private equity firm has entered a deal to buy most of George Clinical, the clinical research organisation said in December, adding the transaction was subject to FIRB approval. George Clinical did not disclose a sale price but said its parent, the George Institute, a medical research group, would retain an undefined stake. The George Clinical deal would involve the holding of healthcare and patient data which is considered sensitive in Australia. Hillhouse has offered to ensure data remains onshore and not be shared overseas, the people said.

Persons: George Clinical, Hillhouse, Zhang Lei, George, George Clinical's, Scott Murdoch, Kane Wu, Sumeet Chatterjee, Christopher Cushing Organizations: Hillhouse Capital, Foreign Investment, Board, of, Treasury, George Institute, Yale University, Tencent Holdings, HK, JD.com Inc, Baidu Inc, Koninklijke Philips NV, Thomson, & $ Locations: HONG KONG, Beijing, Hong Kong, Singapore, London, United States, Australia, China, Refinitiv, Netherlands, Asia, Pacific, Sydney

☆ New Zealand and Fiji finalising defence agreement - Fiji PM
▼ + stars: | 2023-06-07 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/2] Fiji Prime Minister Sitiveni Rabuka and New Zealand Prime Minister Chris Hipkins hold a press conference in Wellington, New Zealand June 7, 2023. REUTERS/Lucy CraymerWELLINGTON, June 7 (Reuters) - New Zealand and Fiji are finalising a defence agreement that will increase engagement between the two countries militaries and help build capacity and skills in the Fiji Defence Force, the Fijian prime minister said on Wednesday. Fiji’s Prime Minister Sitiveni Rabuka told media in Wellington, where he is meeting senior New Zealand government officials including the prime minister and opposition leader, that the agreement would be finalised next week. “The agreement will allow defence officials to undertake engagement in different areas including capacity building and upskilling and exposure to new technologies interoperability and technical support among other,” he said. In May, the U.S and Papua New Guinea signed a defence cooperation agreement and a maritime surveillance deal.

Persons: Sitiveni Rabuka, Chris Hipkins, Lucy Craymer WELLINGTON, ”, Rabuka, “, ” Hipkins, Lucy Craymer, Michael Perry Organizations: Fiji Prime, Zealand, REUTERS, Fiji Defence Force, Fiji’s, New Zealand, New, U.S, NZ, Thomson Locations: Wellington , New Zealand, New Zealand, Fiji, Wellington, Australia, China, Solomon Islands, U.S, Papua New Guinea, Vanuatu

☆ Subway plans to open nearly 4,000 stores in China in one of its biggest deals ever
▼ + stars: | 2023-06-07 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Subway is planning to add thousands of new sandwich shops in China, increasing its footprint in the country by more than seven times. The world’s biggest sandwich chain announced Tuesday that it would open almost 4,000 new stores across mainland China over the next 20 years. The deal “is the largest master franchise agreement in Subway history and one of the largest across the entire [fast-food restaurant] industry,” Subway said in a statement. The large-scale expansion will be made possible by a deal Subway has inked with a Chinese company, Shanghai Fu-Rui-Shi Corporate Development (FRS). A 5-meter-long Subway sandwich seen in Shanghai on May 30.

Persons: Shanghai Fu, John Chidsey, Chase Organizations: Hong Kong CNN —, ”, Corporate, Subway, Publishing, ” Subway Global, JPMorgan Locations: Hong Kong, China, Shanghai, United States, Asia Pacific

Imports contracted at a slower pace, dropping 4.5%, a slower pace of decline 7.9% than the previous month. The Australian dollar , a commodity currency that is highly sensitive to swings in Chinese demand, fell after the trade data. "The weak exports confirm that China needs to rely on domestic demand as global economy slows," said Zhiwei Zhang, chief economist at Pinpoint Asset Management. "There is more pressure for the government to boost domestic consumption in the rest of the year, as global demand will likely weaken further in the second half." The PMI subindexes showed factory output swung to contraction from expansion while new orders, including new exports, fell for a second month.

Persons: Zhiwei Zhang, Joe Cash, Sam Holmes Organizations: Imports, Reuters, PMI, Thomson Locations: BEIJING, China

The pessimistic outlook for exports suggests that Chinese exporters have caught up on unfulfilled orders after last year's COVID-19 disruptions and global demand is insufficient to sustain a recovery in outbound shipments. The official PMI sub indexes for May showed factory output swung to contraction from expansion while new orders, including new exports, fell for a second month. South Korean shipments to China, a leading indicator of China's imports, slid 20.8% in May, marking the 12th straight annual loss, but the pace eased to the slowest seen in seven months. China's economy grew faster than expected in the first quarter due to robust services consumption, but factory output has continued to lag amid persistent weak global growth. Polling by Devayani Sathyan and Sujith Pai; Reporting by Joe Cash; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Devayani Sathyan, Sujith Pai, Joe Cash, Jacqueline Wong Organizations: PMI, Nomura, Barclays, Thomson Locations: BEIJING, Shanghai, China

☆ Biden will ‘at some point’ meet with China’s Xi Jinping, top White House official says
▼ + stars: | 2023-06-04 | by ( Sam Fossum | ) edition.cnn.com time to read: +5 min

CNN —President Joe Biden will “at some point” meet with Chinese President Xi Jinping, according to White House national security adviser Jake Sullivan, as the two countries work to reset normal relations amid what has been an extremely tumultuous and tense year in the relationship. And then, at some point, we will see President Biden and President Xi come back together again,” Sullivan told CNN’s Fareed Zakaria in an interview on “GPS” that aired Sunday. That is the firm conviction of President Biden,” Sullivan added. The incident marked the second time in two weeks that Chinese military personnel have engaged in aggressive maneuvers in the vicinity of US military personnel near China’s border. Tensions between Washington and Beijing soared in February after a suspected Chinese spy balloon flew over the continental US and was subsequently shot down by the American military.

Persons: Joe Biden, Xi Jinping, Jake Sullivan, “, Biden, Xi, ” Sullivan, CNN’s Fareed Zakaria, Sullivan’s, Antony Blinken, ”, Qin Gang, Sullivan, Wang Yi, it’s, Zakaria, Zelensky Organizations: CNN, White House, GPS, Canadian, State Department, East Asian, United, Ukrainian, US, Russian Locations: United States, Taiwan, China’s, South, Washington, Beijing, China, reengage, Vienna, Bali , Indonesia, Ukraine, Kyiv, Russia, Russian, Berdiansk

☆ Defence officials say wide cooperation key to Indo-Pacific stability
▼ + stars: | 2023-06-03 | by ( Gerry Doyle | ) www.reuters.com time to read: +3 min

[1/3] Japan's Minister of Defence Yasukazu Hamada, Cambodia's Minister of National Defence General Tea Banh and Germany's Minister of Defence Boris Pistorius attend the First Plenary Session of the 20th IISS Shangri-La Dialogue in Singapore June 3, 2023. REUTERS/Caroline ChiaSINGAPORE, June 3 (Reuters) - Cooperation, including among countries outside the region, is crucial to peace and stability in the Indo-Pacific region, defence officials from the Philippines, Britain and Canada said on Saturday at the Shangri-La Dialogue security summit. "Canada has a keen interest in building a region that is stable, that is balanced," said Anita Anand, Canada's defence minister. China's Minister of National Defence Li Shangfu had this week declined an invitation to meet Austin at the security summit. "A cordial handshake over dinner is no substitute for a substantive engagement," Austin said in his remarks earlier on Saturday.

Persons: Defence Yasukazu Hamada, Tea Banh, Defence Boris Pistorius, Caroline Chia SINGAPORE, Defense Lloyd Austin, Anita Anand, Carlito Galvez Jr, Galvez, Anand, Ben Wallace, National Defence Li Shangfu, Austin, Gerry Doyle, Raju Gopalakrishnan Organizations: Japan's, Defence, Cambodia's, National Defence, Germany's, REUTERS, Defense, China's, Austin, Pentagon, Thomson Locations: Singapore, Philippines, Britain, Canada, Philippine, Asia, Russia, U.S

Speaking at the Shangri-La Dialogue, Asia's top security summit, Austin said that open lines of communication between U.S. and Chinese defence and military leaders were essential to avoid conflict and bolster stability in the Asia-Pacific. "The more that we talk, the more that we can avoid the misunderstandings and miscalculations that could lead to crisis or conflict." China's Minister of National Defence Li Shangfu had this week declined an invitation to meet Austin at the security summit. On Friday, the two shook hands on the sidelines of the conference but did not hold detailed talks, the Pentagon said. "(AUKUS) promotes greater stability and security," Austin said.

Persons: Defense Lloyd Austin, Caroline Chia, Austin, Austin Austin, National Defence Li Shangfu, Antony Blinken, Liu Pengyu, General, Lei, Zhao Xiaozhuo, Zhao, Xi Jinping, Joe Biden, Xinghui Kok, Joe Brock, Chen Lin, Gerry Doyle, Kanupriya Kapoor, Greg Torode, Ryan Woo, Idrees Ali, Phil Stewart, Yew, Raju Gopalakrishnan Organizations: Defense, REUTERS, United, People's, National Defence, Austin, Pentagon, Academy of Military Sciences, Global Times, U.S, China's Academy of Military Sciences, Australia, Thomson Locations: Singapore, China, Taiwan, Asia, Pacific SINGAPORE, United States, South China, People's Republic of China, U.S, Washington, TAIWAN, Beijing, Ukraine, Pacific, Australia, Japan, India, Philippines

☆ Canada facing rising threat from cyberattacks - defence minister
▼ + stars: | 2023-06-03 | by ( Joe Brock | ) www.reuters.com time to read: +2 min

SINGAPORE, June 3 (Reuters) - Canadian Defence Minister Anita Anand said on Saturday that the country's critical infrastructure was increasingly being targeted by cyberattacks, posing a significant threat to the economy of the world's fourth-largest crude oil producer. In an interview on the sidelines of an Asian security summit in Singapore, Anand said there had been an increase in cyberattacks across North America, although she did not attribute the strikes to any state-sponsored actors. Canada is home to a number of large oil pipelines that are important for global crude supplies. Multinational energy companies like Exxon Mobil (XOM.N) and Royal Dutch Shell (SHEL.L) have major operations in the country. Anand was speaking at the Shangri-La Dialogue, Asia's top security meeting, where rising tensions between the United States and China have dominated proceedings.

Persons: Anita Anand, cyberattacks, Anand, Joe Brock, Raju Gopalakrishnan Organizations: Canadian Defence, U.S . State Department, Exxon Mobil, Royal, Shell, Thomson Locations: SINGAPORE, China, Singapore, North America, Canada, United States, Beijing, Asia, Pacific

SINGAPORE, June 3 (Reuters) - South Korea's defence minister said on Saturday that some countries were "ignoring North Korea's unlawful behaviour", which he said threatens to weaken U.N. sanctions against its missile and nuclear programmes. On Wednesday, North Korea launched its first spy satellite into space, although it ended in failure with the booster and payload plunging into the sea. The South Korean minister reiterated that coordination with the United States and Japan to deter North Korea was important. The three countries have agreed to begin sharing North Korean missile warning data in real time "within this year", South Korea's defence ministry said in a statement after a meeting between the South Korean, U.S. and Japanese defence chiefs. North Korea argues it has a sovereign right to space development.

Persons: Lee Jong, Lee, Kanupriya Kapoor, Raju Gopalakrishnan, Robert Birsel, Edwina Gibbs Organizations: . Security, North, " Defence, South, South Korean, Thomson Locations: SINGAPORE, U.N, China, Russia, U.S, North Korea, United States, Singapore, Pacific, Japan, North

☆ Exchange operator Cboe launches global listing offering
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

NEW YORK, June 2 (Reuters) - Exchange operator Cboe Global Markets (CBOE.Z) said on Friday it will let companies list across its U.S. and international exchanges, expanding in a fiercely competitive field dominated in the United States by the New York Stock Exchange and Nasdaq Inc (NDAQ.O). Cboe, which has stock exchanges in North America, Europe, and the Asia-Pacific region, currently lists only its own stock, along with exchange-traded funds, on its U.S. exchange. But financial software firm Abaxx Technologies Inc (ABXX.NLB), which is listed on Cboe Canada, has received conditional approval to be intralisted on Cboe U.S., the exchange operator said. "Cboe has built an expansive, global equities footprint unrivalled in the industry that uniquely positions us to deliver the first-ever truly global listing experience for issuers seeking to tap new markets beyond their home region," Dave Howson, global president of Cboe Global Markets, said in a statement. Exchanges earn recurring revenue from listings and charge various listing fees based on factors such as the amount of shares a company lists.

Persons: Cboe, Dave Howson, John McCrank, Hugh Lawson Organizations: YORK, Cboe, New York Stock Exchange, Nasdaq Inc, Abaxx Technologies, Intercontinental Exchange Inc, NYSE, Nasdaq, Thomson Locations: United States, North America, Europe, Asia, Pacific, Cboe Canada, Cboe, Canada, Netherlands, Australia, Chicago

☆ Shangri-La Dialogue: Ukraine war hasn't changed China's thinking around possible attack on Taiwan, IISS reports says
▼ + stars: | 2023-06-02 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

That invasion has also drawn increased attention to Taiwan as a potential security flashpoint in Asia. “There is no evidence that China has a fixed timetable for invading Taiwan,” the report added. Meanwhile, Beijing’s rhetoric around Taiwan was one of several key triggers accounting for Japan’s growing concern over China, the report said. That has included strengthening trilateral cooperation with allies South Korea and Japan and revamping the Quad security grouping with Australia, Japan and India, widely seen as a counter to China’s military rise. It is Li’s first time attending the conference since stepping into his role as defense minister earlier this year.

Persons: Defense Lloyd Austin, Li Shangfu, Anthony Albanese, Oleksii Reznikov, China’s, “, Li, Austin Organizations: CNN, International Institute for Strategic Studies, Defense, Chinese Defense, Australian, Ukraine’s Defense, South Pacific, Communist Party, South, People’s Liberation Army Locations: China, Ukraine, Taiwan, Singapore, Europe, Asia, Pacific, United States, Austin, Beijing, South China, South, Russia, South Korea, Japan, Australia, India, United Kingdom

STOCKHOLM, June 1 (Reuters) - IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Zealand, which it predicts will be followed by other outlets as the Asia-Pacific region recovers from the COVID-19 pandemic and macro-economic shocks. Head of Retail at Ingka group Tolga Oncu told Reuters preliminary opening dates were often subject to change. Asked about possible stores in other parts of New Zealand, Oncu said he did not expect the one in Auckland to be enough. "So one can expect that IKEA in the long term is going to continue to look for opportunities to expand in New Zealand," he said. Globally, there are more than 450 IKEA stores, most of which are owned by the Ingka group.

Persons: Oncu, Ingka, Marie, Lucy Craymer, Barbara Lewis Organizations: IKEA, Reuters, Marie Mannes, Thomson Locations: STOCKHOLM, New Zealand, Asia, Pacific, Auckland , New, Auckland, Europe, Australia, Stockholm, Wellington

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