North Korean troops suffer heavy casualties in Ukraine: White House

White House spokesman John Kirby claimed on Friday that North Korean forces fighting Russian troops in Ukraine are suffering significant casualties. Kirby claimed that more than 1,000 have been killed or wounded in the past week alone. The Anadolu Agency reported this in a report on Friday (December 27). Speaking to reporters, Kirby gave a […]

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South Korea sanctions 15 North Korean IT workers

South Korea has imposed sanctions on 15 North Korean citizens and an organization on charges including cryptocurrency theft, hacking and cyber attacks under the guise of jobs in the IT sector abroad. Seoul alleges that they are doing these activities to finance North Korea’s nuclear and missile programs. A press release from South Korea’s Peninsula […]

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China sanctions 7 US military companies and officials

The United States recently announced significant military assistance and arms sales to the Taiwan Strait. In response, China has imposed sanctions on 7 US military companies and relevant senior officials. China’s Foreign Ministry said in a statement on Friday. The Chinese Foreign Ministry announced that it will take retaliatory measures against 7 US military companies […]

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China investigates beef imports as oversupply squeezes prices

China will launch an investigation into beef imports, the commerce ministry said on Friday, as the world’s biggest meat importer and consumer grapples with an oversupplied market that has sent domestic prices to multi-year lows. Any trade measures to try to reduce beef imports would hit China’s largest suppliers, Brazil, Argentina and Australia. China’s total […]

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Oil prices edge higher on hopes for more China stimulus

Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support. Brent crude futures rose 22 cents, or 0.3%, to $73.80 a barrel by 0450 GMT. U.S. West Texas Intermediate crude […]

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China to build world’s largest dam, will affect India and Bangladesh

China has approved the construction of the world’s largest hydroelectric dam near the source of the Yamuna and Brahmaputra rivers in Tibet, China. Many people in Bangladesh and India may be affected by this project in the eastern part of the Tibetan Plateau. This dam will be built on the Yarlung Zangbo River. This river […]

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China, Japan foreign ministers meet in Beijing, seafood trade on agenda

It would be Takeshi Iwaya’s first visit to the Chinese capital since he became Japan’s foreign minister in October and he is scheduled to hold talks with China’s Foreign Minister Wang Yi and meet other Chinese officials. Talks on seafood trade are expected to be on the agenda on Wednesday when Japan’s foreign minister visits […]

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China warns Philippines to maintain peace

China has urged the Philippines to maintain “peace” in the disputed South China Sea. China’s Foreign Ministry warned the country on Thursday (December 26) that Manila’s decision to deploy a US medium-range missile system for military exercises would only increase the risk of an arms race in the region. The US Typhoon medium-range missile system, […]

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