Ratings agency downgrades China debt outlook over economic uncertainty

Fitch cut to negative comes as country moves away from reliance on growth from property sector

Fitch has downgraded the outlook on China’s debt as it warned of increased risks to the economy while the country moves away from its reliance on growth from the property sector.

On Wednesday the US-based agency said it had revised China’s sovereign credit rating from stable to negative, saying this reflected the “increasing risks to China’s public finance outlook” as the country “contends with more uncertain economic prospects”.

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Blow to New Zealand media as two main news outlets announce programme closures and job cuts

More than 350 jobs to go after Warner Bros. Discovery closes all its Newshub news operations and TVNZ cuts programs and bulletins

New Zealand’s news media has been dealt a major blow after two of its primary news outlets announced programme closures and hundreds of job losses between them on the same day, leaving the country with just one state-owned news television service and many senior journalists out of work.

On Wednesday morning, Warner Bros. Discovery confirmed it would close all its Newshub news operations, including the news website, the morning television show and the 6pm television bulletin, resulting in roughly 300 job losses.

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Cherry blossoms, steak and Paul Simon: the Bidens put on a show for Japan’s PM

Fumio and Yuko Kishida honoured with state dinner to recognise ‘flourishing’ relationship between US and Japan, says Jill Biden

Dry-aged rib eye steak, cherry blossoms and Paul Simon playing a selection of his songs will be the centerpieces of a state dinner the White House is hosting for Japan’s prime minister, Fumio Kishida, and his wife, Yuko. More than 200 guests are expected to attend.

A lavish state dinner is a tool of US diplomacy, and a high honour that is used sparingly and only to America’s closest allies. In the case of Japan, Joe Biden has chosen to celebrate an ally that he sees as a cornerstone of his policy toward the Indo-Pacific region.

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Micronesia president says US beefing up military capabilities in the Pacific country

Wesley Simina says the US is ‘well advanced’ in plans for $400m airport upgrade in Yap, amid rising tensions with China in the region

The US is considering military projects across the Federated States of Micronesia (FSM) as it pushes ahead with plans for a $400m airport upgrade in the country to boost defence capabilities in the Pacific, President Wesley Simina said.

The region is of growing strategic importance to the US amid a battle for influence with China.

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New footage shows Australian couple beginning hike moments before Taiwan earthquake

Search continues for couple who have not been seen for six days after they began their hike on the mountainous Shakadang trail before the 7.2 magnitude earthquake struck

Rescue efforts are still under way in Taiwan’s Taroko national park to find two missing Australian nationals, who have not been seen for six days after a massive earthquake hit the island.

The couple, identified by local government officials as Neo Siew Choo and Sim Hwee Kok, went missing after the 7.2 magnitude earthquake struck the island at 7.58am on Wednesday.

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Three boys to face trial over child’s murder in case that shocks China

Suspects, all under 14 at time, are accused of bullying classmate over long period before killing him in Hebei last month

China will put three boys on trial for allegedly murdering another child, a provincial prosecutor has said, in a case that has shocked the country and sparked public debate over the treatment of juvenile offenders.

The three suspects, all aged under 14 at the time of the murder, are accused of bullying a 13-year-old middle-school classmate surnamed Wang over a long period before killing him last month in Hebei.

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‘I will not dance’: Olaf Scholz joins TikTok with a promise

German chancellor follows in the footsteps of Joe Biden and other leaders on social media platform

The German chancellor, Olaf Scholz, has opened a TikTok account, promising he will not be seen dancing on the social media platform popular with young people.

The newest official government channel “increases the information offer to citizens, who increasingly inform themselves and discuss politics on TikTok”, Scholz’s spokesperson, Steffen Hebestreit, said in a statement.

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TSMC to make state-of-the-art chips in US after multibillion subsidy pledge

World’s most valuable chipmaker Taiwan Semiconductor to set up third facility in Arizona using funding from Biden policy

Taiwan Semiconductor Manufacturing Company is to build its most advanced chips in Arizona after receiving a pledge of as much as $11.6bn in US government subsidy as part of Joe Biden’s efforts to attract computer chip production.

TSMC, the world’s most valuable chipmaker, says it aims to start producing the two-nanometre chips at a new factory in Phoenix, Arizona, by 2028.

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New Zealand tightens visa rules after migration hits ‘unsustainable’ levels

Net migration to New Zealand hit a near record high in 2023 after a new temporary work visa was introduced after the pandemic

New Zealand will tighten its visa rules for some migrants as the coalition government moves to overhaul the immigration system it says has led to “unsustainable” levels of migration.

Last year, annual net migration to New Zealand hit a near record high of more than 173,000 non-New Zealand citizens in the year to December, Stats NZ reported.

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World Bank’s funding of ‘hog hotel’ factory farms under fire over climate effect

Environmental and animal welfare groups call on lender to phase out support for ‘industrial’ livestock operations

The private sector arm of the World Bank is facing claims that it contributes to global heating and the undermining of animal welfare by providing financial support for factory farming, including the building of pig farming tower blocks in China.

A coalition of environmental and animal welfare groups is calling on the World Bank to phase out financial support for large-scale “industrial” livestock operations. More than $1.6bn was provided for industrial farming projects between 2017 and 2023, according to an analysis by campaigners.

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Dysfunction and division darken the WTO’s 30-year dream of free trade

As the organisation’s anniversary nears, borders around the world are closing again

When trade ministers gathered in the Moroccan city of Marrakech 30 years ago this month to sign the agreement creating the World Trade Organization (WTO), the mood was celebratory. The Berlin Wall had come down only recently, communism had collapsed, and there was optimistic talk of how the body would prise open new markets and act as the arbiter when disputes broke out between countries.

The atmosphere today is much darker than it was in April 1994. Any enthusiasm for groundbreaking trade liberalisation deals disappeared decades ago and has been replaced by covert – and often overt – protectionism.

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Taiwan earthquake: over 600 people remain stranded days after disaster

‘I kept praying and praying’, says rescued woman as search for four people missing from hiking trail set to resume following Wednesday’s quake

Rescuers in Taiwan planned to bring in heavy equipment on Saturday to try to recover two bodies buried on a hiking trail, while more than 600 people remained stranded in various locations, three days after the island’s strongest earthquake in 25 years.

Four people remain missing on the same Shakadang Trail in Taroko national park, famed for its rugged mountainous terrain. Search and recovery work was set to resume after being called off on Friday afternoon because of aftershocks.

At least 12 people were killed by the magnitude 7.4 earthquake that struck on Wednesday morning off Taiwan’s east coast, and 10 others were still missing.

More than 600 people – including about 450 at a hotel in the Taroko park – remained stranded, cut off by rockslides and other damage in different areas. However, many were known to be safe as rescuers deployed helicopters, drones and smaller teams with dogs to reach them.

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Taiwan earthquake: shock and grief take hold in Hualien

Residents of tourist city near epicentre of 7.2-magnitude Taiwan earthquake face destruction and despair

Lying in his bed, Liao Xiu Bo wondered if he was about to die. As a powerful earthquake rocked the ground beneath him, he tried to escape his house. “Am I going to be crushed?” he asked himself, before gathering the courage to run down the stairs, which swayed beneath his feet.

Outside, he could see that the wall surrounding his house had collapsed, its bricks littered across the road. “That’s when I realised how extreme the earthquake was.”

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No more monkey business: Thai city’s macaques to be put in enclosures

Primates are symbol of Lopburi but residents have had enough as monkeys resort to violence to get food

Mischievous long-tailed macaques are, for many, a symbol of the Thai city of Lopburi. Tourists flock to the city’s ancient temple to feed the macaques fresh fruit and photograph them as they maraud the streets. But, increasingly, residents say they have had enough.

This week, after growing complaints from residents, wildlife officials announced a plan to round up 2,500 of the urban monkeys and place them in large enclosures. It follows an incident in March where a woman’s knee wasdislocated after she was kicked in the back by a monkey that wanted her food. Separately, a man lost control of his motorcycle after a monkey tried to grab a bag of food from him.

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Passengers jump into sea to escape Thai ferry fire

No casualties after fire engulfs ferry carrying 108 people from Surat Thani to Koh Tao

Panicked passengers jumped into the sea to escape a raging ferry fire in the Gulf of Thailand early on Thursday, and all 108 people onboard survived.

The overnight ferry from Surat Thani province was about to arrive at Koh Tao, a popular tourist destination off the Thai coast, when one of the passengers heard a crackling sound and smelled smoke.

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Schools close and crops wither as ‘historic’ heatwave hits south-east Asia

Governments across region grappling for response as temperatures soar to unseasonable highs

Thousands of schools in the Philippines have stopped in-person classes due to unbearable heat. In Indonesia, prolonged dry weather has caused rice prices to soar. In Thailand’s waters, temperatures are so high that scientists fear coral could be destroyed.

A “historic heatwave” is being experienced across south-east Asia, according to Maximiliano Herrera, a climatologist and weather historian. In updates posted on X, he said heat that was unprecedented for early April had been recorded at monitoring stations across the region this week, including in Minbu, in central Myanmar, where 44C was recorded – the first time in south-east Asia’s climatic history that such high temperatures had been reached so early in the month. In Hat Yai, in Thailand’s far south, 40.2 C was reached, an all-time record, while Yên Châu in north-west Vietnam hit 40.6C, unprecedented for this time of year.

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Taiwan earthquake: search for survivors continues into night after nine people killed in quake – as it happened

This live blog is now closed. You can read our latest full report below:

People are trapped in collapsed buildings in Taiwan’s city of Hualien according to local media and the local government has suspended schools and classes in the region.

According to Taiwan’s Central Weather Administration, the epicentre of the quake was 25km southeast of Hualien.

Based on tsunami wave models and early tide gauge records of the tsunami in the Pacific Tsunami Warning Center, coastal areas in the Philippines fronting the Pacific Ocean are expected to experience high tsunami waves.

It is forecasted that the first tsunami waves will arrive between 08:33 AM to 10:33 AM, 03 Apr 2024 (PST). It may not be the largest and these waves may continue for hours.

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Taiwan earthquake: nine dead and 900 injured as buildings collapse

Dozens believed trapped and awaiting rescue after island hit by 7.2-magnitude quake, its strongest in 25 years

Taiwan’s strongest earthquake in 25 years has killed nine people and injured at least 900, causing building collapses, power outages and landslides on the island, and triggering initial tsunami warnings in southern Japan and the Philippines.

The fire agency said 64 people were trapped in one coalmine, and six in another, while rescue workers had lost contact with 50 people who were travelling in minibuses through a national park as the earthquake wiped out phone networks.

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Biden and Xi seek to manage tensions in phone call as US officials head to China

Presidents clashed over Taiwan and US trade restrictions on technology in first direct interaction since November

Joe Biden and Xi Jinping have clashed in a telephone call about Taiwan and US trade restrictions on technology, but sought to manage their tensions as two top US officials prepare to visit Beijing.

The nearly two-hour telephone conversation on Tuesday was the two leaders’ first direct interaction since a summit in November in California that saw a marked thaw in tone, if not the long-term rivalry, between the world’s two largest economies.

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Everyone in Japan will be called Sato by 2531 unless marriage law changed, says professor

Sato will become the only option by 2531, suggests modelling as part of campaign to overturn outdated law requiring spouses to have same surname

Japanese citizens will all have the same family name in 500 years’ time unless married couples are permitted to use separate surnames, a new study has suggested as part of a campaign to update a civil code dating back to the late 1800s.

The study, led by Hiroshi Yoshida, a professor of economy at Tohoku University, projected that if Japan continues to insist that couples select a single surname, every single Japanese person will be known as “Sato-san” by 2531.

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