Macau casinos expected to invest around $12B over next 10 years — media
HONG KONG — Macau casino operators, vying for a license in the world’s biggest gambling hub, are expected to invest a total of around 100 billion patacas ($12.4 billion) over the next 10 years, local broadcaster TDM reported.
Indonesia, ADB launch first coal power plant retirement deal
NUSA DUA, Indonesia — Indonesia, the Asian Development Bank (ADB), and a private power firm are teaming up to refinance and prematurely retire a coal-fired power plant, the first such project under a groundbreaking carbon emissions reduction program, they announced on Monday.
As world population hits 8 billion, China frets over too few babies
BEIJING/HONG KONG — Chinese software developer Tang Huajun loves playing with his two-year-old in their apartment on the outskirts of Beijing but he said he is unlikely to have another child.
IMF says global economic outlook getting ‘gloomier,’ risks abound
WASHINGTON — The global economic outlook is even gloomier than projected last month, the International Monetary Fund (IMF) said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.
FTX collapse being scrutinized by Bahamas authorities
NASSAU, Bahamas — The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday.
Global debt levels rose sharply in 2021 — World Bank president
WASHINGTON — Debt levels among low- and middle-income countries rose sharply in 2021, with China accounting for 66% of lending by official bilateral creditors, World Bank President David Malpass said, underscoring the need to reduce the debt of poorer countries.
Democrats retain control of US Senate with win in Nevada
PHOENIX — Democrats will hold onto control of the US Senate after Senator Catherine Cortez Masto won re-election in Nevada, Edison Research projected on Saturday, handing a major victory to President Joseph R. Biden.
Some nations resisted 1.5°C goal in COP27 text — Kerry
SHARM EL-SHEIKH, Egypt — A few countries have resisted mentioning a global goal of limiting warming to 1.5 degrees Celsius (1.50C) in the official text of the COP27 summit in Egypt, US Special Climate Envoy John Kerry said at the conference on Saturday.
US seeks 15 years for Elizabeth Holmes over Theranos fraud
THERANOS founder Elizabeth Holmes should spend 15 years in prison and pay $800 million in restitution to investors defrauded in the blood testing start-up, US prosecutors recommended late on Friday.
China’s COVID cases rise, record daily numbers seen in Beijing and other cities
BEIJING — China reported 14,878 new COVID-19 infections for Nov. 12, including a record number of new daily cases in capital city Beijing, as well as in manufacturing hubs Guangzhou and Zhengzhou.
Two aircraft collide and crash at World War II airshow in Texas
TWO PLANES collided midair on Saturday at a World War II commemorative airshow in Dallas, federal officials said.
ASEAN summit begins with Myanmar likely to dominate agenda; ‘little progress expected’
PHNOM PENH — Leaders of Southeast Asian nations began an annual summit on Friday that is likely to be dominated by Myanmar’s escalating violence...