Xinhua world economic news summary at 0830 GMT, Jan. 18
DAVOS, Switzerland -- Although the global economy is facing sluggish growth and numerous challenges, business leaders attending the 54th annual meeting of the World Economic Forum (WEF) remain confident over the prospects of the Chinese economy. Over recent years, China has been an important engine for the global economy. China's gross domestic product (GDP) posted a growth of 5.2 percent year-on-year in 2023, h.....»»
Xinhua world news summary at 0630 GMT, Jan. 19
MANILA -- The death toll from a landslide that hit a mining village in Davao de Oro province in the southern Philippines on Thursday has risen to nine, local authorities said Friday. In a social media post, the municipality of Monkayo said rescuers recovered two more bodies, both women, near the houses buried by the mud and heaps of debris. Police confirmed the retrieval of the two women. (Philippines-Landslide-.....»»
Xinhua world news summary at 1500 GMT, Jan. 11
MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»
Xinhua world news summary at 0630 GMT, Jan. 11
TOKYO -- The death toll rose to 213 in the central Japanese prefecture of Ishikawa on Thursday, after a series of strong quakes of up to 7.6 magnitude jolted the prefecture and its vicinity, local media reported. A total of 52 people remained unaccounted for in the hardest-hit prefecture as of 9 a.m. local time, while at least 567 people suffered injuries due to the quakes, public broadcaster NHK said. (Japan-Ea.....»»
Xinhua world news summary at 1500 GMT, Jan. 11
MANILA -- Philippine President Ferdinand Romualdez Marcos on Thursday night expressed optimism that his country can reach a gross domestic product (GDP) growth target of 6 percent to 7 percent for 2023. "The Philippines is touted to become one of the fastest-growing economies among major Asian countries in 2023," said Marcos during a traditional ceremony at the presidential palace in Manila. (Philippines-Growth-.....»»
Xinhua world news summary at 1530 GMT, March 8
BEIRUT -- Three Hezbollah fighters were killed and three civilians were injured on Friday in Israeli airstrikes targeting towns and villages in southern Lebanon, Lebanese military sources told Xinhua. The sources, who spoke anonymously, said that one of the Israeli raids targeted a house in the village of Blida, killing three Hezbollah members, while another raid targeted the town of Baraachit, wounding three ci.....»»
Xinhua world news summary at 1530 GMT, March 8
BEIRUT -- Three Hezbollah fighters were killed and three civilians were injured on Friday in Israeli airstrikes targeting towns and villages in southern Lebanon, Lebanese military sources told Xinhua. The sources, who spoke anonymously, said that one of the Israeli raids targeted a house in the village of Blida, killing three Hezbollah members, while another raid targeted the town of Baraachit, wounding three ci.....»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»
Xinhua world economic news summary at 0900 GMT, March 17
MANILA -- The number of Chinese inbound travelers to the Philippines surged by 235 percent year-on-year in the first two months of 2024, a Philippine lawmaker said Sunday. Citing data from the Philippines' Department of Tourism, Representative Marvin Rillo, vice chairperson of the committee on tourism in the House of Representatives, said that 82,314 Chinese travelers entered the Philippines in January and Febru.....»»
Xinhua world economic news summary at 0900 GMT, March 18
BEIJING -- Global new energy passenger car sales are predicted to exceed 39 million units by 2030, said a report obtained during the China EV100 Forum 2024 concluded Sunday in Beijing. That will mark a penetration rate of almost 50 percent, rising from the nearly 20 percent in 2023 with the sales of over 13 million units, according to the report issued by China EV100, a new energy vehicle (NEV) industry think ta.....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 11
TOKYO -- Tokyo stocks closed significantly lower on Monday amid a strong yen and concerns for an overheated market following the overnight losses of tech-related shares in the Wall Street market. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 868.45 points, or 2.19 percent, from Friday to close the day at 38,820.49, the lowest level since Feb. 21. (Japan-Tokyo Stocks).....»»
Xinhua world economic news summary at 0900 GMT, March 6
MANILA -- The Philippine government said Wednesday that the El Nino dry spell and drought has cost Philippine agriculture over 1 billion pesos (roughly 18.9 million U.S. dollars) while the climate pattern may persist till the second quarter this year. The National Disaster Risk Reduction and Management Council said El Nino has affected over 23,000 farmers and fisherfolk, damaged nearly 18,000 hectares of crop ar.....»»
Xinhua world economic news summary at 0900 GMT, Feb. 6
SINGAPORE -- Singapore's fintech sector amassed total funding of 2.2 billion U.S. dollars in 2023, a 68 percent decline compared to 2022, according to a report issued by accountancy giant KPMG Tuesday. Deal activity also saw a sharp drop, halving to 189 in 2023 from the previous year, the report said. (Singapore-Economy-Investment) - - - - SYDNEY -- The Reserve Bank of Australia (RBA) on Tuesday ke.....»»
Xinhua world news summary at 0630 GMT, Feb. 11
GAZA -- At least 25 Palestinians were killed in Israeli bombing of a house in the southern Gaza Strip city of Rafah on Sunday, according to the official Palestinian news agency WAFA. (Gaza-Israel-Bombing) - - - - LIMA -- The Peruvian government has declared a state of emergency on Saturday for at least 96 districts in 15 regions of the country due to damage caused by heavy rains in recent weeks. Th.....»»
Xinhua world news summary at 0630 GMT, Feb. 11
GAZA -- At least 25 Palestinians were killed in Israeli bombing of a house in the southern Gaza Strip city of Rafah on Sunday, according to the official Palestinian news agency WAFA. (Gaza-Israel-Bombing) - - - - LIMA -- The Peruvian government has declared a state of emergency on Saturday for at least 96 districts in 15 regions of the country due to damage caused by heavy rains in recent weeks. Th.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 24
NEW DELHI -- Two people were killed and three others critically injured in a blast at a firecracker factory on Wednesday in the southern Indian state of Tamil Nadu, police said. The blast took place in Virudhunagar district, about 519 km southwest of Chennai, the capital city of Tamil Nadu. According to police, the victims were working in the factory and the injured were admitted to a local hospital. (India-Fire.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 21
KABUL -- Four people onboard a Russian plane that crashed in Afghanistan's airspace on Saturday were found injured on Sunday, local officials said. (Afghanistan-Plane Crash) - - - - JAKARTA -- At least two people died and 16 others were injured after the bus they were on rolled five meters down a highway in Central Java on Sunday, according to local police. The crash took place in Pemalang Regency.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 21
KABUL -- Four people onboard a Russian plane that crashed in Afghanistan's airspace on Saturday were found injured on Sunday, local officials said. (Afghanistan-Plane Crash) - - - - JAKARTA -- At least two people died and 16 others were injured after the bus they were on rolled five meters down a highway in Central Java on Sunday, according to local police. The crash took place in Pemalang Regency.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 18
ISLAMABAD -- Pakistan military said in a statement that the country had carried out effective strikes early Thursday morning against hideouts inside Iran used by "terrorists" responsible for recent attacks in Pakistan. The Inter-Services Public Relations (ISPR), the media wing of the Pakistan army, said that the precision strikes were carried out by "using killer drones, rockets, loitering munitions, and stand-o.....»»
Xinhua Asia-Pacific news summary at 1600 GMT, Jan. 18
ISLAMABAD -- Pakistan military said in a statement that the country had carried out effective strikes early Thursday morning against hideouts inside Iran used by "terrorists" responsible for recent attacks in Pakistan. The Inter-Services Public Relations (ISPR), the media wing of the Pakistan army, said that the precision strikes were carried out by "using killer drones, rockets, loitering munitions, and stand-o.....»»