Category Archives: World News

China tells banks to check exposure to debt-laden Fosun conglomerate

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Sprawling group owns assets including Thomas Cook, Club Med and Wolverhampton Wanderers

China’s biggest banks and state-owned companies have been told to check their financial exposure to Fosun, the sprawling conglomerate that owns assets including the Premier League football club Wolverhampton Wanderers, as the heavily debt-laden group struggles from the impact of downturn in the property sector in its home market.

The financial strength of the Shanghai-based group, co-founded in 1992 by the billionaire Guo Guangchang and built into one of China’s largest non-state-owned conglomerates, has come under scrutiny after a huge sell-off in property bonds that began in June.

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Chinese pork prices surge to new high prompting authorities to act

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Pork costs in China, the world’s biggest consumer, rose an average of 22.5% last month

The price of Chinese pork surged to a new high in August, prompting authorities to take the year’s first dip into national meat reserves to ensure supply for the holidays.

Pork costs in China rose an average of 22.5% last month, compared with last year. It followed the highest recorded month-on-month increase of 25.6% in July, as CPI also hit a two-year high of 2.7%. August’s rise occurred despite an unexpected slowdown of CPI inflation to 2.5%.

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Canadian advocates pledge to continue selling pure drugs amid overdose crisis

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Over the last six years, the vast majority of overdose deaths in British Columbia have been driven by impurities in street drugs

A Canadian advocacy group has pledged to continue selling cocaine, methamphetamine and heroin to users, in defiance of a federal government order to stop, arguing that their plan is the only way to save lives amid a nationwide drugs crisis.

Over the last six years, more than 10,000 people have died from drug overdoses in the province of British Columbia, with the vast majority of deaths driven by impurities in street drugs.

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Saudi Arabia: man arrested after Mecca pilgrimage for Queen

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Yemeni national posted video clip of himself at the Grand Mosque in Mecca, Islam’s holiest site

Saudi authorities have arrested a man who claimed to have travelled to the Muslim holy city of Mecca to perform an umrah pilgrimage on behalf of Queen Elizabeth II.

The man, a Yemeni national, published a video clip of himself on social media on Monday at the Grand Mosque in Mecca, Islam’s holiest site, where non-Muslims are forbidden.

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Pressure builds on Japan to return to unrestricted tourism by end of month

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Businesses want prime minister Fumio Kishida to loosen restrictions to help the world’s third-biggest economy recover from the pandemic

Japan could return to unfettered tourism by the end of next month as pressure builds on the government to end Covid-19 travel restrictions and cash in on a weak yen.

Officials are reportedly considering removing the current daily cap of 50,000 arrivals, which includes returning residents, and a return to visa-free travel. A rule requiring individual travellers to make bookings through travel agencies could also be lifted, according to media reports.

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Pakistan rushes to protect key power station as flood threat rises

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Army working to protect electricity station that serves millions of residents in Sindh province, with more rain forecast this week

Authorities in Pakistan are scrambling to protect a vital power station supplying electricity to millions of people against a growing threat of flooding, officials said.

Floods from record monsoon rains and glacial melt in the mountainous north have affected 33 million people and killed almost 1,400, washing away homes, roads, railways, livestock and crops, in damage estimated at $30bn.

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Trump threatened not to leave White House after election loss, book says

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Defeated president told aide ‘we’re never leaving’ despite Biden’s win, according to new book Confidence Man

In the days after Joe Biden defeated him in the 2020 election, Donald Trump told an aide he was “just not going to leave” the White House, according to a new book on his presidency and its chaotic aftermath.

“We’re never leaving,” he vowed to another aide, says the book from New York Times reporter Maggie Haberman titled Confidence Man: The Making of Donald Trump and the Breaking of America. “How can you leave when you won an election?”

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Russia-Ukraine war live: Ukraine claims Russian military command has stopped sending new units into country

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Ukraine officials make claim Russian volunteers are refusing to serve in combat conditions after their counter-offensive

Kirill Stremousov, who is one of the leaders of the Russian-imposed authorities in occupied Kherson in southern Ukraine, has posted to Telegram this morning a message that references the reported territorial losses for Russian forces to the north, while striking a defiant tone about the future of Kherson. The post reads:

Stremousov is at his workplace in Kherson. Kherson is and will be a Russian city. No one is going to surrender the city, let alone retreat.

Along the entire perimeter of the Kherson region, the Ministry of Defence of the Russian Federation has built lines of defence and nothing threatens the city of Kherson and the Kherson region.

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Air quality plummets as smoke from roaring wildfires chokes US west

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Blazes in California, Washington and Oregon cause widespread damage as plumes travel across states and into Canada

California firefighters are battling large blazes across the state as the west’s fire season heats up, covering swaths of Oregon, Washington, California and Canada in heavy smoke that has also traveled across the US.

Rain from tropical storm Kay brought relief to firefighters in southern California after a punishing heatwave gripped much of the state for more than a week and sent some crews to the hospital.

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Life in Kharkiv still precarious despite Ukraine’s recent victories

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Disruption to water and energy supplies is routine and the liberating troops have found bodies of civilians showing signs of torture

Air sirens sounded throughout the day in Kharhiv. At least four Russian missiles hit the north-eastern city in two attacks on Monday, killing at least one person, injuring others and causing further disruption to the city’s electricity and water supply.

While the liberation of Russian-occupied parts of the Kharkiv region has been celebrated by Ukrainians across the country, the situation in the city – which was half surrounded by Russian forces until just a week ago – has in some ways become more precarious.

Meanwhile, Ukrainian authorities have reported finding the bodies of civilians with apparent signs of torture, as prosecutors gathered more evidence of potential war crimes.

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Trump lawyers reject US government’s arguments against special master – as it happened

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Democrats have grown increasingly upbeat about their prospects in the upcoming midterms, pointing to the outrage over the end of nationwide abortion rights, declining gas prices and the passage of major pieces of legislation intended to help Americans.

Indeed, polls in recent battleground states have shown Democratic Senate candidates ahead of their Republicans challengers, including in closely divided races such as those in Wisconsin, Nevada and Georgia.

The apparent Democratic edge in Senate races in Wisconsin, North Carolina and Ohio would evaporate. To take the chamber, Republicans would need any two of Georgia, Arizona, Nevada or Pennsylvania. With Democrats today well ahead in Pennsylvania and Arizona, the fight for control of the chamber would come down to very close races in Nevada and Georgia.

Regardless of who was favored, the race for Senate control would be extremely competitive. Republican control of the House would seem to be a foregone conclusion.

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NSA analyst jailed for life for selling US secrets to Soviets dies aged 80

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Ronald Pelton, convicted of espionage in 1986, said he accepted money from America’s cold war enemy because he was desperate

A former National Security Agency analyst who was arguably its most damaging traitor and became famous for aiding the Soviets during the cold war died last week, according to an obituary posted on the website of a Maryland funeral home.

Ronald William Pelton was 80.

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Moscow fireworks contrast with worsening news from Ukraine frontlines

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All eyes on Vladimir Putin’s response to Kharkiv retreat as narrative frays on Russian talkshows

It was not the ideal moment for a party. On Saturday evening, as Russian troops speedily retreated from numerous towns in the Kharkiv region, and the Ukrainian army triumphantly raised its yellow and blue flag, spectacular fireworks crackled across Moscow.

City authorities claimed there were more than 30,000 fireworks in total, at 23 coordinated displays in different parts of the city, all to mark the city’s 875th anniversary.

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Swedish rightwing on verge of narrow election win but waits on final tally

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Bloc including far-right Sweden Democrats on course for one-seat majority with last votes to be counted

Sweden’s future is balanced on a knife-edge as the country awaits a final tally of the votes in Sunday’s general election, in which a loose bloc of rightwing parties led by the far-right Sweden Democrats – now the second largest party – holds the slimmest of majorities.

With 95% of the vote counted, the right bloc was on 49.7%, while four parties on the left, including the incumbent Social Democrats, stood at 49%. The final picture will come on Wednesday after the votes of Swedish citizens living abroad and those of some who voted early are counted.

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Israel warns over Iran uranium capability with nuclear talks at halt

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As IAEA board meets, Israel says Iran will be able to produce enough material for three warheads in weeks

Tensions around a breakdown in talks between Iran and the US over Tehran’s nuclear programme escalated on Monday when Israel’s defence minister, Benny Gantz, claimed that Iran would be able to produce enough enriched uranium to make three nuclear warheads within a few weeks.

Gantz also revealed a map detailing 10 facilities in Syria allegedly being used to arm Iran and its proxies, including Hezbollah. He said the facilities represented a threat to Israel’s security.

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EU slammed over failure to protect marine life from ‘destructive’ fishing

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Strict no-take policies urged by scientists, who note there is less protection in 59% of marine protected areas than outside MPAs

The waters of the EU are in a “dismal” state, with only a third of fish populations studied in the north-east Atlantic considered to be in good condition, according to more than 200 scientists and conservationists.

The analysis, issued on Monday, follows a scathing report from the European court of auditors two years ago, which warned that the EU had failed to halt marine biodiversity loss in Europe’s waters and to restore fishing to sustainable levels.

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EU offers to reduce Northern Ireland border checks to ‘a couple of lorries a day’

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Brexit chief extends olive branch in effort to bring UK back to negotiating table in long-running dispute

The EU has initiated a fresh attempt to end the Northern Ireland Brexit dispute with the UK with a proposal to reduce checks on goods crossing the Irish Sea to a near “invisible manner” involving just “a couple of lorries” a day.

Maroš Šefčovič, the EU’s chief Brexit negotiator, said physical checks would be made only “when there is a reasonable suspicion of illegal trade smuggling, illegal drugs, dangerous toys or poisoned food”.

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‘A brutal legacy’: Queen’s death met with anger as well as grief in Kenya

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Politicians pay warm tributes but memories of colonial atrocities prompt fierce criticism too

In 1952, the then Princess Elizabeth was on a royal tour with Prince Philip at Treetops lodge in Kenya. Unknown to them at the time, she would receive news of her father’s death during that visit, and the forest lodge would long be remembered as the place where Britain’s longest-serving monarch “went to sleep a princess and awoke a queen”.

Just two years after her visit, the Mau Mau, Kenyan freedom fighters opposed to British colonial rule, burned the lodge down. It was rebuilt in 1957, and older residents who live along the long and winding path to the lodge remembered her second visit to the area in 1983 fondly, saying it had placed their neighbourhood on the map. But Treetops was not open for the end of the Queen’s life. It closed its doors last year after a dive in tourism during the pandemic forced it out of business.

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British-Egyptian hunger striker Alaa Abd El-Fattah says he may die in prison

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Jailed activist-blogger may escalate six-month hunger strike as supporters say UK is failing to pressure its Cop27 partner

The British-Egyptian activist Alaa Abd El-Fattah has warned his family he may die in prison, as he reaches six months on hunger strike in the run-up to the Cop27 climate conference in Sharm El Sheikh.

“I don’t want to upset you, but I don’t believe there’s any chance of individual salvation,” he told his mother during her visit to Wadi al-Natrun prison. He passed on a list of demands, including the release of those detained by the Egyptian security forces and thousands held without charge in pre-trial detention.

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Rightwing bloc heading to victory in Swedish election, 90% of vote count suggests

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Far-right Sweden Democrats appear to be close to causing earthquake in Swedish politics with 20% of poll

The far right appears close to causing an earthquake in Swedish politics, the Sweden Democrats becoming the country’s second-largest party while the wider rightwing bloc that it leads edged towards a slim victory over the incumbent centre-left.

Exit polls on Sunday night at first suggested a narrow victory for the Social Democrats and their centre-left allies. But as the votes were counted the tally swung towards the right. With more than 90% of the vote counted, the right bloc of four parties had a share of the vote corresponding to 176 of 349 seats in parliament, with the left bloc trailing on 173.

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