Deadly typhoon hits Taiwan, 6 sailors missing after ship sinks

The strongest typhoon to hit Taiwan in eight years killed four people and flooded parts of the island’s second-biggest city on Thursday, while rescuers searched for six sailors missing after their cargo ship sank in the storm. Typhoon Gaemi transformed streets in southern Kaohsiung city into rivers, with some households flooded by rainwater. Schools and […]

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South Korea seeks to cut inheritance tax in first revision since 2000

SEOUL, July 25 (Reuters) – South Korea on Thursday proposed tax cuts as part of its broader push to boost the domestic stock market and tackle a falling birth rate, which is the world’s lowest. Among measures to beef up the “Corporate Value-up Programme” introduced in February, the finance ministry said it would lower inheritance […]

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Hong Kong court dismisses tycoon Jimmy Lai’s bid to end trial

HONG KONG (Reuters) -A Hong Kong court dismissed on Thursday a bid by the legal team for jailed democrat Jimmy Lai to end his national security trial, saying prosecutors appeared to have sufficient evidence to support all three charges against him. Lai, 76, the founder of now-shuttered pro-democracy newspaper Apple Daily, has pleaded not guilty […]

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Typhoon Gaemi sinks freighter off Taiwan, heads to China coast

Typhoon Gaemi swept through northern Taiwan on Thursday, killing two people, triggering flooding and sinking a freighter offshore, before heading across the sea and into China where it is expected to dump more torrential rain. Gaemi made landfall around midnight (1600 GMT Wednesday) on the northeastern coast of Taiwan in Yilan county. It is the […]

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Russia and Chinese nuclear-capable bombers patrol near United States

Russian and Chinese nuclear-capable strategic bombers patrolled near the US state of Alaska in the North Pacific and Arctic on Thursday, the two countries said, a move that prompted the United States and Canada to scramble fighter jets. Russian Tu-95MS “Bear” strategic bombers and Chinese Xi’an H-6 strategic bombers took part in patrols over the […]

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Taiwan says committed to strengthening defence after Trump comments

Taiwan is committed to boosting its defences and working with the United States, the foreign ministry said on Thursday, days after Republican presidential candidate Donald Trump was quoted as saying Taiwan should pay to be defended. The United States is Chinese-claimed Taiwan’s most important international backer and arms supplier, despite the lack of formal diplomatic […]

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China’s Communist Party removes ex-foreign, defence ministers from top body

China’s Communist Party accepted the resignation of former foreign minister Qin Gang from its Central Committee on Thursday, Xinhua reported, during a major meeting of the party’s largest top-level executive body. The Central Committee said it expelled former defence minister Li Shangfu, as well as former PLA Rocket Force commander Li Yuchao for “serious violations […]

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Japan finds a ‘stealth’ cure for zombie businesses: Let them fail

Years of faltering growth and population decline left many of Japan’s small and medium-sized firms squeaking by on state help and almost-free funding. These companies, which account for around seven out of 10 jobs, now face a shake-up as pandemic-era support dwindles and interest rates rise for the first time in 17 years For much […]

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Japan to boost jet fuel production and imports amid tourism boom

The initiative aims to tackle a recent jet fuel shortage affecting commercial flights, which has hindered the expansion of international flight capacity and the introduction of new routes Japan plans to increase jet fuel production and imports to address a pick up in demand from flights amid a boom in tourism, according to a draft […]

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