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ADB acting on US concerns over China, bank chief tells AFP
The Asian Development Bank was trying "very hard" to accommodate US concerns over lending to China, the bank's president told AFP, including by slashing loans to the world's second-largest economy. "I try very hard to accommodate the issues of the United States," he said.
NGO loses bid to block UK export of military equipment to Israel
The High Court in London rejected a legal challenge on Monday brought by a Palestinian rights group seeking to block the UK from supplying components for Israeli F-35 fighter jets. In its claim to the High Court, rights group Al-Haq called for a judicial review, saying the "carve out" was unlawful and alleging the government had misunderstood the applicable rules of international law.
UN chief urges aid surge in world of 'climate chaos, raging conflicts'
UN Secretary-General Antonio Guterres urged the world to "rev up the engine of development" at an aid conference in Spain on Monday at a time when US-led cuts are jeopardising the fight against poverty and climate change.
'Embracing AI': TomTom cuts 300 jobs
Dutch car navigation firm TomTom said on Monday that it was slashing 300 jobs, roughly 10 percent of its workforce, as it seeks to stem financial losses and "embraces artificial intelligence". TomTom announced in a statement that it was "realigning its organisation... as it embraces artificial intelligence", resulting in "organisational changes".
Bangladesh's biggest port resumes operations as strike ends
Bangladesh's biggest port resumed operations on Monday after customs officials called off a strike that had disrupted the export and import of goods for around 48 hours. Senior NBR official Hasan Muhammad Tarek Rikabdar said they called off the strike after positive pledges from the government.
Tougher Singapore crypto regulations kick in
Singapore ramped up crypto exchange regulations Monday in a bid to curb money laundering and boost market confidence after a series of high-profile scandals rattled the sector. Singapore, a major Asian financial hub, has taken a hit to its reputation after several high-profile recent cases dented trust in the emerging crypto sector.
China's top diplomat visits Europe pitching closer ties in 'volatile' world
China's top diplomat heads to Europe on Monday for a visit which Beijing said will highlight ties as an "anchor of stability" in a world in turmoil.
Canada rescinds tax on US tech firms in hopes of Trump trade deal
Canada will rescind taxes impacting US tech firms that had prompted President Donald Trump to retaliate by calling off trade talks, Ottawa said Sunday, adding that negotiations with Washington would resume.
Most Asian stocks rise as investors eye US trade talks
Asian equities mostly rose Monday following a record-breaking day on Wall Street as investors kept tabs on countries' efforts to strike trade deals with the United States before a key deadline next week. After Wall Street's record day, most of Asia followed suit.
AFP
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