Friday, January 10

Tag: developing economies

U.S. Navy Destroys Boats Controlled by Iran-Backed Militias in Red Sea
31Dec By adminNo Comments
World

U.S. Navy Destroys Boats Controlled by Iran-Backed Militias in Red Sea

By Benoit Faucon and Carrie Keller-LynnUpdated Dec. 31, 2023 11:26 am ETListen to article(2 minutes)A U.S. Navy vessel destroyed three boats carrying pro-Iranian Yemeni rebels after they attacked a Danish-owned containership early Sunday, the latest in a string of assaults that have disrupted maritime traffic in the Red Sea. Meanwhile, Israeli forces raided what they described as a key Hamas command post in Khan Younis on Saturday, gathering intelligence as Israel searches for Hamas leaders and underground tunnels in the militant group’s southern stronghold, currently the focus of Israel’s ground campaign in the Gaza Strip.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Congo’s President Has Been Re-Elected. His Climate Policy Will Have Global Significance.
31Dec By adminNo Comments
World

Congo’s President Has Been Re-Elected. His Climate Policy Will Have Global Significance.

Dec. 31, 2023 11:51 am ETCongolese President Felix Tshisekedi on Sunday was declared the winner of this month’s national election, handing him a pivotal role in global efforts to combat climate change thanks to his country’s vast forests and rich mineral reserves. The Democratic Republic of Congo’s electoral commission said the 60-year-old Tshisekedi won a second five-year term with 73% of the vote in the Dec. 20 presidential election, well outpacing his challengers. But the election was fraught with delays: Many polling stations didn’t get voting materials on time, which led the commission to extend the vote by an extra day. The vote also came amid a hunger crisis and the worst fighting in years in Congo’s war-torn east.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 8...
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Electric Scooter IPO to Test Enthusiasm for India’s EV Story
31Dec By adminNo Comments
Money

Electric Scooter IPO to Test Enthusiasm for India’s EV Story

An initial public offering planned for next year in India could be a crucial test for the country’s budding electric-vehicle market. India’s Ola Electric, which makes two-wheeled electric scooters, filed in late December a draft prospectus for a public listing, seeking to raise about $662 million. It will become the first EV maker to list in India and will probably draw significant interest from investors. The Softbank-backed firm plans to use proceeds from the offering mainly for the expansion of its battery cell manufacturing facility in the southern state of Tamil Nadu. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investors Have Cut China’s Internet Giants Down to Size
31Dec By adminNo Comments
World

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Investors Have Cut China’s Internet Giants Down to Size
31Dec By adminNo Comments
Money

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Ends Underwhelming Year With Fresh Signs of Weakness
31Dec By adminNo Comments
World

China Ends Underwhelming Year With Fresh Signs of Weakness

Dec. 30, 2023 10:18 pm ETChina’s economy showed fresh signs of weakness as the year drew to a close, piling pressure on Beijing to take bold new steps to fire up growth in 2024.Surveys suggest factory activity slid deeper into contraction in December due to thin order books at home and abroad, while the services sector struggled as consumers kept a tight leash on spending.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Taiwan Says Chinese Lip-Syncing Probe Aims to Pull Rock Band to Beijing’s Side
30Dec By adminNo Comments
World

Taiwan Says Chinese Lip-Syncing Probe Aims to Pull Rock Band to Beijing’s Side

TAIPEI—A Chinese investigation into purported lip syncing by a rock band from Taiwan is aimed at pressuring the band into supporting Beijing’s stance on the island and is part of a broad effort to interfere in its politics, Taiwanese officials said.Mayday, one of Taiwan’s most commercially successful rock bands, is under scrutiny from authorities in Shanghai after the band declined to publicly back the view that Taiwan is a part of China, the officials said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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IDF Faces a Harsh Reality in Southern Gaza
30Dec By adminNo Comments
Health

IDF Faces a Harsh Reality in Southern Gaza

Khan Younis, GazaWhat is happening in southern Gaza—and as important, what isn’t happening—threatens to leave the Middle East violently unstable for years. The battle for Khan Younis is forcing Israel to face a harsh reality: Hamas likely won’t be totally annihilated. And Israel’s two goals, killing Hamas’s leaders and rescuing all the hostages, are coming into contradiction.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Ruined Landscape of Gaza After Nearly Three Months of Bombing
30Dec By adminNo Comments
World

The Ruined Landscape of Gaza After Nearly Three Months of Bombing

Listen to article(2 minutes)The war in the Gaza Strip is generating destruction comparable in scale to the most devastating urban warfare in the modern record.By mid-December, Israel had dropped 29,000 bombs, munitions and shells on the strip. Nearly 70% of Gaza’s 439,000 homes and about half of its buildings have been damaged or destroyed. The bombing has damaged Byzantine churches and ancient mosques, factories and apartment buildings, shopping malls and luxury hotels, theaters and schools. Much of the water, electrical, communications and healthcare infrastructure that made Gaza function is beyond repair. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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