Fear of US recession rattles global markets as tech shares fall

Europe’s main indices all decline and Japanese equities suffer worst day since 2020 while gold hits fresh record

Stock markets in Europe, Asia and New York tumbled on Friday as fears of a US economic slump grew and technology shares were hit by underwhelming earnings.

Concerns that the US could be sliding towards a recession spurred a global sell-off, which accelerated after a poor employment report on Friday showed that the US jobs market was cooling fast, pushing up the unemployment rate.

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China sees highest number of significant floods since records began

So far this year officials warnings have been issued for 25 floods, and China is only halfway through its peak flood season

Halfway through the peak flood season, China has already experienced the highest number of significant floods since record keeping began in 1998, and the hottest July since 1961, authorities said on Friday.

This year so far it has recorded 25 “numbered” events, which the Chinese Ministry of Water Resources defined as having water levels that prompt an official warning or are measured at a magnitude of a “once in two to five years” event.

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Australian government ‘deeply disappointed’ by Japan’s decision to expand commercial whaling target list

Japanese government confirms it will allow whalers to catch and kill up to 59 fin whales, a species conservationists consider vulnerable

The Australian government is “deeply disappointed” by Japan’s decision to add the world’s second-largest whale species to the list of species its commercial whale hunters will target.

Tanya Plibersek, the environment minister, attacked Japan’s decision to hunt fin whales – the world’s second-longest whale and considered vulnerable.

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Japan’s rice stocks drop to lowest level in decades amid tourist boom and poor crop yields

Japan’s agriculture ministry blames shortage on tourists’ vast demand for rice and low crop yields last year

Japan’s rice stockpile has fallen to the lowest level this century, with a tourism boom part of the cause, government officials say.

Private-sector inventories of rice fell to 1.56m tons in June, down 20% from a year earlier and the lowest since 1999, when comparable data was first gathered, according to the Ministry of Agriculture, Forestry and Fisheries. It attributed the decrease to the high temperatures that hit crops in 2023 as well as demand from inbound visitors. Last year Japan recorded its hottest September since records began 125 years ago.

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China used ‘shocking’ bullying tactics ahead of Taiwan Ipac summit, organiser says

Member countries from the global south were intimidated in an attempt to dissuade them from attending summit, says executive director

China’s attempts to stop foreign parliamentarians from attending a summit in Taiwan were “massively overstepping” acts of bullying, the organiser has said at the end of the gathering that saw the group – designed to counter China – expand.

The Inter-parliamentary Alliance on China (Ipac) held its fourth annual summit in Taipei this week, attended by about 50 parliamentarians from 23 countries.

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Anti-whaling activist Paul Watson could face up to 15 years’ prison in Japan if convicted

Watson, founder of Sea Shepherd and co-founder of Greenpeace, has been arrested on an international warrant and is facing charges including accomplice to assault and ship trespass

Anti-whaling activist Paul Watson could face up to 15 years in prison in Japan, after the founder of US-based group Sea Shepherd was arrested on an international warrant in Greenland earlier this month.

According to the Japan Coast Guard, Watson, who is also a co-founder of Greenpeace, is facing charges including accomplice to assault and ship trespass, after he was arrested on an international warrant in Greenland.

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The 1975 sued by Malaysian festival over Matty Healy’s onstage gay kiss

Good Vibes Festival organizer seeks $2.4m after band’s violation of behavior code led to a shutdown last July

The organizer of Malaysia’s Good Vibes Festival has sued the 1975 and all of the British pop-rock band’s members individually, following lead singer Matty Healy’s purported protest against the country’s anti-LGBTQ+ law on stage.

Future Sound Asia, the music festival’s organizers, are seeking $2.4m (£1.9m) after the band’s violation of the event’s behavior code resulted in the festival being shut down last July.

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William Laws Calley, face of My Lai massacre in Vietnam War, dead at 80

Lieutenant Calley was the only person convicted over the largest killing of civilians by US army in the 20th century

William Laws Calley Jr, the only person convicted over the notorious My Lai massacre by US soldiers during the Vietnam war, has died at the age of 80.

A lieutenant during the war, Calley was a member of Company C, which alongside his superior, Ernest Medina, he commanded during the search for Viet Cong combatants in the south Vietnamese village of My Lai and its neighbouring hamlets on 15 March 1968.

This article was amended on 30 July 2024. An earlier version stated that Seymour Hersh’s reporting led to Calley and other officers being court martialed. An internal military investigation was already underway when Hersh reported on the story.

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Standard Chartered plays down fears of US-China trade war under Trump

Chief executive says tensions ‘not impacting’ business as bank reports pre-tax profits of $1.6bn for second quarter

Fears of a China trade war erupting under a second Trump presidential term are overblown, according to bosses at Standard Chartered bank, as they suggested that the country’s real estate woes were “largely in the rearview mirror”.

While the London-headquartered bank makes most of its money in Asia, particularly in Hong Kong and Singapore, its chief executive, Bill Winters, played down the impact that increasingly strained relations between Washington and Beijing might have on the business.

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Indonesia president begins working from new capital despite construction delays

Nusantara scheduled to host Independence Day celebrations instead of Jakarta next month but relocation plan has come into question

Indonesian President Joko Widodo has begun working from the presidential palace in the country’s ambitious new administrative capital, the flagship project of his two terms in office but which has been plagued by delays.

The capital is due to move from traffic-clogged and sinking Jakarta to the planned city of Nusantara in East Kalimantan province on Borneo, but the $33bn project announced in 2019 is months – even years – behind schedule.

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Japan cracks down on use of rideable electric suitcases amid tourist boom

Use of the motorised luggage which is popular in parts of Asia, require safety equipment and a driver’s licence, according to Japanese law

As record numbers of tourists flock to Japan to take advantage of the weakness of the Japanese yen, some are running into trouble with authorities thanks to the growing popularity of motorised, rideable suitcases.

Two major Japanese airports have already asked travellers not to ride motorised suitcases within their facilities, according to Kyodo news agency, while police are urging domestic retailers to warn customers of the strict laws concerning their use.

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Japan and US upgrade military ties citing threat from China as ‘greatest strategic challenge’

US defence secretary says China is 'engaging in coercive behaviour, trying to change the status quo in the East and South China Seas’

Japanese and US defense chiefs, as well as top diplomats, agreed to further bolster their military cooperation by upgrading the command and control of US forces in the east Asian country and strengthening American-licensed missile production there, describing the rising threat from China as “the greatest strategic challenge.”

US secretary of state, Antony Blinken, and defense secretary, Lloyd Austin, joined their Japanese counterparts, Yoko Kamikawa and Minoru Kihara, at the Japan-US Security Consultative Committee in Tokyo – known as “2+2” security talks – where they reaffirmed their bilateral alliance in the wake of President Joe Biden ’s withdrawal from the November presidential race.

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‘Dangerous’ and ‘retrograde’: Māori leaders sound alarm over policy shifts in New Zealand

Experts say policy changes that include scrapping Māori-led programs will harm communities and put New Zealand’s ‘great reputation’ at risk

Leading Māori figures from across New Zealand have sounded the alarm over the government’s changes to policies that affect Māori, after analysis by the Guardian highlighted the far-reaching scope of the proposals.

The policy shifts proposed by the rightwing coalition have been described by experts as “chilling” and “dangerous” and have created a “deeply fractured” relationship between Māori and the crown, or ruling authorities.

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Wong announces new digital cable centre to limit China’s influence in Indo-Pacific

The new centre, staffed by Australians, will enable sharing of information and help Pacific island governments regulate important undersea cables

Australia is stepping up its attempts to limit China’s influence in the Pacific, with the establishment of a new “cable connectivity and resilience centre” designed to boost connectivity for Pacific nations.

The foreign Minister, Penny Wong, will announce the centre while in Japan for the Quad foreign ministers’ meeting alongside counterparts from the United States, Japan and India.

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Four million vaccine doses for children and pregnant women flown to North Korea

Delivery of first medical aid since Covid raises hopes that country could open up again to UN agencies and NGOs

More than 4 million vaccine doses have been flown toPyongyang, raising hopes that North Korea could open up again to UN agencies and NGOs amid reports of a worsening health situation in the authoritarian state.

“The return of essential vaccines marks a significant milestone towards safeguarding children’s health and survival in this country,” Roland Kupka, Unicef’s acting representative for the Democratic People’s Republic of Korea, said in a statement.

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Professor sacked over abuse claims in rare win for China’s #MeToo movement

Swift response by Renmin University to student’s post creates shockwave in a country where accusers are often ignored or sued

Public allegations of sexual harassment are rare in China. Swift responses to punish the accused are rarer still. So a recent case at one of China’s top universities, in which a student posted a video online accusing her supervisor of sexually harassing her, leading to his sacking, has created shockwaves.

On 21 July, a woman who identified herself as Wang Di posted an hour-long video on Weibo, in which she accused her PhD supervisor at Renmin University in Beijing, Wang Guiyuan, of physically and verbally abusing her for more than two years. The professor, a former Chinese Communist party representative at the university, threatened to block her graduation prospects, Wang Di said.

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North Korea vows to ‘totally destroy’ enemy as regime marks end of Korean war

Military officials aim to strengthen war efficiency by following any attack order by Kim Jong-un ‘anytime and without delay’

North Korea has vowed to “totally destroy” its enemies in case of war when leader Kim Jong-un gives an order, state media KCNA reported on Sunday, as the regime marked the end of hostilities in the Korean war.

Senior military officials including Col Ri Un-ryong and Lt Cdr Yu Kyong-song made the comments “out of surging hatred” towards the US and South Korea at a meeting on Saturday attended by Kim, marking the 71st anniversary of the Korean war armistice, according to KCNA.

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IOC ‘deeply apologises’ after South Korean athletes introduced as North Korean

Olympic Games organisers said they “deeply apologise” for introducing South Korea’s athletes as North Korean during the opening ceremony in Paris.

As the South Korean athletes waved their nation’s flag on a boat floating down the Seine on Friday evening, they were announced in both French and English as the Democratic People’s Republic of Korea. South Korea is the Republic of Korea.

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Weather tracker: Typhoon Gaemi wreaks havoc in Philippines and Taiwan

Half a million people evacuated, 21 deaths confirmed so far and capsized tanker in Manila causes huge oil spill

Typhoon Gaemi has been wreaking havoc, with the Philippines government forced to declare a state of calamity last week in its capital Manila, and flooding and at least three deaths in Taiwan. . Manila received more than 300mm of rainfall, with resulting floods reaching as high as one-storey buildings in places. More than half a million people have been evacuated or displaced, with 21 deaths confirmed so far.

Gaemi initially developed on Sunday as a tropical storm to the east of the Philippines and then tracked north-west, strengthening until it achieved typhoon status on Monday as it drew level with the northernmost tip of the Philippines. Despite not making landfall in the Philippines, the typhoon interacted with existing monsoon weather systems, worsening the already heavy rains across the island of Luzon and causing several landslides.

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Typhoon Gaemi: ‘race against time’ to contain massive oil spill in Philippines

Coastguard reports 4km oil slick as strong winds hamper cleanup efforts after 25 die in the Philippines and Taiwan

The Philippines coastguard said it was “racing against time” to contain a massive oil spill that was at risk of becoming the biggest in the country’s history.

The MT Terra Nova, a Philippine-flagged tanker carrying 1.4m litres of oil, capsized in Manila Bay in the early hours of Thursday, as Typhoon Gaemi charged through the busy shipping route, whipping up aggressive winds and leaving 25 people dead in Taiwan and the Philippines.

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