U.S. President Joe Biden and his allies on Saturday were to outline plans for a rail and shipping corridor that would connect India with the Middle East and ultimately Europe — a possible game changer for global trade to be announced at the Group of 20 summit.
The project would include the United States, India, Saudi Arabia, the United Arab Emirates, the European Union and other countries in the G20, said Jon Finer, Biden's principal deputy national security adviser.
Full StoryFishermen and residents of Fukushima and five other prefectures along Japan's northeastern coast filed a lawsuit Friday demanding a halt to the ongoing release of treated radioactive wastewater from the wrecked Fukushima nuclear plant into the sea.
In the lawsuit filed with Fukushima District Court, the 151 plaintiffs, two-thirds from Fukushima and the rest from Tokyo and four other prefectures, say the discharge damages the livelihoods of the fishing community and violates residents' right to live peacefully, their lawyers said.
Full StoryApple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing.
Apple shares fell 3% Thursday and are down more than 5% for the week on reports of an iPhone ban for Chinese state employees that is being dictated by Beijing.
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G20 leaders descended on New Delhi Friday, with deep divisions between heavyweight members and Chinese President Xi Jinping's no-show calling the bloc's relevance into question.
Full StoryJapan's prime minister said that China's blanket ban on Japanese seafood in reaction to the release of treated radioactive water from a tsunami-ravaged nuclear power plant contrasts starkly with broad understanding shown by many other members of the international community.
The Fukushima Daiichi nuclear power plant on Japan's northeastern coast started releasing treated and diluted radioactive wastewater in late August into the Pacific Ocean. The release has been opposed by the Japanese fishing community, which is worried about the reputation of the fish it catches. China immediately banned all Japanese seafood.
Full StoryIsrael closed the main commercial crossing in the Gaza Strip, effectively banning exports from the coastal territory after saying it had uncovered explosives in a shipment of clothes to the occupied West Bank. Gaza's fishermen, with their perishable exports, were among the first to feel the pain.
The new restrictions choke off the territory's already ailing economy. They come on top of the punishing 16-year blockade that Israel and Egypt have maintained since the Islamic militant group Hamas seized control of the enclave in 2007.
Full StoryAustralian Transport Minister Catherine King said on Thursday that invasive gynecological examinations conducted on passengers at Doha's international airport in 2020 were part of the reason she refused to allow Qatar Airways to double its services to Australia.
King has faced intense questioning over why she decided on June 10 not to allow the airline to double its current 28 flights per week to Australia.
Full StoryAustralia and China opened their first high-level dialogue in three years Thursday in a sign of a slight thaw to relations between countries that have clashed on everything from human rights to COVID-19 origins to trade.
"I welcome the recent positive developments in the bilateral relationship, but we know that there is more work to do," said Craig Emerson, the head of the Australian delegation and a former trade minister.
Full StoryThe caretaker Cabinet on Thursday approved a decision by the country’s financial authorities to replace the Sayrafa currency exchange platform with one based on the international Bloomberg platform.
Asked whether the new platform “has been requested by the international community,” caretaker Information Minister Ziad Makari told reporters that no such move has been requested from Lebanon.
Full StoryA Greek shipping company has pleaded guilty to smuggling sanctioned Iranian crude oil and agreed to pay a $2.4 million fine, newly unsealed U.S. court documents seen Thursday by The Associated Press show.
The now-public case against Empire Navigation, which faces three years of probation under the plea agreement, marks the first public acknowledgement by U.S. prosecutors that America seized some 1 million barrels of oil from the tanker Suez Rajan.
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