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23.02.2023 / 13:25

Leading economies must move faster to solve debt crises – U.S. Treasury Secretary

COLOMBO (News 1st); U.S. Treasury Secretary Janet Yellen is urging other leading economies to move faster in resolving debt crises that threaten a growing number of countries.Yellen made the comments in a meeting Thursday with India’s finance minister, Nirmala Sitharaman, on the sidelines of a meeting of financial leaders of the Group of 20 major economies, the Treasury Department said in a statement.U.S.

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Air Force photo shows Chinese spy balloon from high-flying U-2

aviation website and social accounts, but the original source was not immediately clear. In officially releasing the photo Wednesday, the Department of Defense merely said it was taken by a "U.S.

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Mysterious sphere washes up on Japanese beach, triggering speculation

A large, mysterious steel sphere has washed up on a Japanese beach, prompting mass speculation from locals and sleuthing netizens as to what the object may be.

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President wants Minipe Left Bank Project completed before Maha Season

President Ranil Wickremesinghe instructed the officials to speed up the Minipe Left Bank Canal Rehabilitation Project (MLBCRP), which has been delayed for over three years owing to various reasons, and to provide its benefits to the farmers before the next Maha Season.The President provided these instructions on Sunday (19) while joining an observation tour of the Minipe Anicut construction site.President Wickremesinghe, after inspecting the plan of the project, also inquired from the engineers about the operation of the project.The President also pointed out the possibility of obtaining the support of the students of engineering faculties in Sri Lanka for the future work of the project.The existing anicut is not sufficient to release water to the left and right bank canals when water is released twice a day from the Rantambe Hydro Power Plant during peak demand for electricity. Due to this, in order to provide more reliable and continuous water supply to Minipe agricultural lands, the Minipe Dam was raised by 3.5 meters and the renovation of the 74 kilometers-long main canal on the left bank of Minipe, was commenced.After the reconstruction of the Minipe Anicut, constant water supply to farmers will be ensured and the cultivation land on both sides of the left bank of Minipe could be cultivated without obstruction in the Yala-Maha Seasons while providing benefits to 15,000 farmer families.The cost of the project is Rs. 3,000 million and the construction work is carried out by China Gexhouba Group Company Limited (CGGC).Minipe Anicut, which was built in 1948, was last renovated in 1980.

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Ukraine war: China says it is ‘deeply worried’ about escalation of conflict

China is “deeply worried” about the escalation of the Ukraine conflict and the possibility of the situation spiraling out of control, China’s foreign minister Qin Gang said on Tuesday.

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China’s Exim Bank to support Sri Lanka’s loan application to IMF – Spokesperson

COLOMBO (News 1st); China will continue to support relevant financial institutions in actively working out the debt treatment, said Chinese Foreign Ministry Spokesperson Wang Wenbin on Monday (20)."The Export-Import Bank of China has already provided Sri Lanka with a letter to express support for its debt sustainability.

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Oil climbs as China’s rebound from Covid zero sparks optimism

Oil rose on optimism that China’s recovery is gathering pace following the end of the nation’s restrictive Covid Zero policy late last year. Oil rose on optimism that China’s recovery is gathering pace following the end of the nation’s restrictive Covid Zero policy late last year.

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Mendicino mum on if election integrity panel saw reports on Chinese interference

China’s alleged attempts to interfere in the vote.Speaking to Mercedes Stephenson on The West Block Sunday, Public Safety Minister Marco Mendicino pointed to the panel’s findings that the 2019 and 2021 elections were free and fair. But he didn’t clearly answer whether the panel ever saw intelligence that recent media reports have said warned of attempts by China at election interference.“We’ve always been up front with the fact that there is foreign interference, that we need to be eyes wide open and vigilant about (it),” he said.“Did that panel have access to these intelligence reports? Were they aware of what CSIS was aware of?” Stephenson asked.“Our nonpartisan, professional public servants look at the information that they need to make the assessment around the integrity of the election,” Mendicino replied.

Mercedes Stephenson Marco Mendicino China The West Block CSIS Freedom Convoy Emergencies Act

Man killed by chicken in vicious attack

A Brahma hen chicken (File Photo by Anthony Souffle/Star Tribune via Getty Images) A senior citizen was found dead in a pool of blood after he was mauled by a Brahma chicken.The Irish Examiner reported that the aggressive chicken had been moved to Jasper Kraus' property after it had previously attacked a child.Kraus, 67, suffered a heart attack after the bird plunged its spur into his leg, causing him to lose pints of blood.A trail of blood led to the chicken house.The attack happened last year but details were just released as part of an inquiry into the unusual incident.Get breaking news alerts in the free FOX5NY News app! | Sign up for FOX 5 email newslettersOne of the birds reportedly had blood on its claws and suspected it was the same one that had attacked Kraus granddaughter before being sent to his farm.The extremely large chickens have feathered shanks and their ancestors were originally from the Shanghai area of China before being taken by ships for meat and eggs.The Brahma chicken averages about 10–12 pounds but is known to weigh as much as 18 pounds.

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N. Korea fires missile near Japan as US, S. Korea prepare for drills

People walk past a television showing a news broadcast with file footage of a North Korean missile test, at a railway station in Seoul on February 18, 2023. - North Korea fired a suspected long-range ballistic missile on February 18, South Korea's mi SEOUL, South Korea (AP) - North Korea on Saturday fired a long-range missile from its capital into the sea off Japan, according to its neighbors, a day after it threatened to take strong measures against South Korea and the U.S.

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19-year-old may be youngest person ever diagnosed with Alzheimer’s

A Chinese teenager may be the youngest person ever to be diagnosed with Alzheimer’s disease, according to a January study from the Journal of Alzheimer’s Disease.

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Russian defence official dies after falling from St. Petersburg tower window

A top Russian defence official has been found dead after apparently falling from the 16th floor of a high-rise apartment in St. Petersburg on Wednesday, Russian media outlets reported.

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Military completes recovery of Chinese balloon debris

Sailors assigned to Assault Craft Unit 4 prepare material recovered in the Atlantic Ocean from a balloon for transport to federal agents at Joint Expeditionary Base Little Creek Feb. 10, 2023. (Ryan Seelbach/U.S.

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Chinese spy balloon flight path over Canada: Defence officials reveal route

A Chinese spy balloon that was shot down by American forces earlier this month flew over a Canadian territory and province before re-entering U.S. airspace, defence officials say.

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The search for Lake Huron flying object is being suspended. Here’s why

unidentified flying object shot down over Lake Huron last weekend has been suspended, the RCMP said Thursday, citing “deteriorating weather and the low probability of recovery.”The update came hours after U.S. President Joe Biden said that object and two others shot down over Canada and the U.S.

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UFO sightings in Canada rose after U.S. downed objects, researcher says

Canada’s preeminent ufologist has seen an uptick in reported sightings of unidentified flying objects in recent days suggesting more Canadians are turning their eyes to the sky after U.S. fighter jets shot down three separate objects over the weekend.

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China threatens U.S. entities over balloon shootdown

China said Wednesday it will take measures against U.S. entities related to the downing of a suspected Chinese spy balloon off the American East Coast.

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India reports 126 coronavirus infections in a day

Following a decline in covid cases, scientists believe that there are less chances of another wave given that a large number of India’s population has been exposed to the virus and vaccinated and have thus developed hybrid immunity New Delhi: India recorded 126 fresh covid cases in the last 24 hours, the Union health ministry said in an update on Thursday. Active caseload stands at 1,835, with total reported infections till date at 44.7 million. Death toll has touched 530,757 since the onset of covid pandemic.

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India to propose China, other creditors take haircuts on loans – Reuters

India to propose China, other creditors take haircuts on loans(Reuters) – India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world's largest sovereign creditor, to take a large haircut on loans.Two Indian government sources told Reuters of the proposal as finance ministers and central bank chiefs from the Group of 20 prepared to meet in Bengaluru next week.

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NORAD conducts air defense exercise days after Russian aircraft intercepted over Alaska, objects shot down

SEATTLE - The North American Aerospace Defense Command says it is carrying out a "live-fly air defense exercise" Wednesday off the coast of Washington state and British Columbia, just days after it intercepted Russian aircraft near Alaska and multiple airborne objects were shot down.The four Russian planes were detected and intercepted over the Alaska Air Defense Identification Zone on Monday in what NORAD called a "routine" incident. As part of today’s exercise, a variety of American and Canadian planes, "including fighter aircraft, will operate at high altitude," it said. But NORAD added that the training is "in no way related to recent NORAD and U.S.

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China threatens US entities over downing of suspected spy balloon

BEIJING - China said Wednesday it will take measures against U.S. entities related to the downing of a suspected Chinese spy balloon off the American East Coast.At a daily briefing, Foreign Ministry spokesperson Wang Wenbin gave no details and did not identify the targets of the measures.China says the balloon was a unmanned weather airship that was accidentally blown off course and accuses the U.S.

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‘Difficult’ search ahead for object shot down over Yukon. Defence minister explains why

As the search continues for an unidentified object shot down over Yukon by a U.S. fighter jet this past weekend, Canada’s defence minister says it will be “difficult” to find.

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Burnaby’s Central Park plays host to Chinese-style matchmaking

China county Park city Richmond Culture Marriage wedding

IMF, India, WB to chair Sovereign Debt Roundtable

(Reuters) – Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, the International Monetary Fund said on Monday, confirming an earlier Reuters report.The roundtable will also include officials from countries that have requested debt treatments under the Group of 20 common framework – Ethiopia, Zambia and Ghana – as well as middle-income countries such as Sri Lanka, Suriname and Ecuador, which have faced their own debt crises, three sources had earlier said.The meeting will be co-chaired by the IMF, the World Bank and India, the current leader of the Group of 20, and comes a week before G20 finance officials are due to gather in Bengaluru, India, from Feb. 23-25.

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White House defends decision to shoot down three unidentified objects

Chinese balloon that traversed American airspace earlier this month.The three objects, including one shot down Sunday over Lake Huron, were traveling at such a low-altitude as to pose a risk to civilian air traffic, said White House national security spokesman John Kirby. And though the Biden administration does not yet have evidence that they were equipped for spying purposes, or even belonged to China, officials also couldn't rule it out either, he said.RELATED: How a suspected Chinese spy balloon is different than America’s classic weather balloonLocations where U.S. warplanes have shot down objects over North America in Feb.

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The search is on for objects shot down over Canada, U.S. Here’s what we know

shot down a total of four aerial objects over American and Canadian airspace since initial reports of a suspected Chinese spy balloon emerged nearly two weeks ago.That balloon, which China has claimed was a weather aircraft, was shot down on Feb. 4 off the U.S. east coast — two days after American officials first acknowledged it and a week after it first entered U.S.

China Usa county Lake Canada county Ontario state Alaska county Canadian county Huron state Michigan city Huron, county Lake

Object shot down over Lake Huron not a threat to national security, Michigan Congresswoman says

(FOX 2) - Michigan Congresswoman Elissa Slotkin said while much remains unknown about the object that was shot down by the U.S. military over Lake Huron this weekend, it was not a national security concern.Amid speculation the latest sighting was from a foreign government after a Chinese balloon determined to be used for spying was downed by the U.S.

Elissa Slotkin China Usa county Lake Canada state Michigan state Colorado county Livingston city Huron, county Lake information Government Citi Waters Extreme Huron

How to help earthquake victims in Turkey and Syria

Search and rescue efforts continue at collapsed buildings after 7.7 and 7.6 magnitude earthquakes hit multiple provinces of Turkiye including Kahramanmaras, Turkiye on February 13, 2023. Citizens continued to wait around the debris.

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Japan to drop mask guidance, relax Covid strategy

Japan's government will drop its recommendation to wear masks indoors and downgrade its medical classification for Covid-19, Prime Minister Fumio Kishida said today.

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House bill rescinds COVID-19 vaccine mandate for U.S. military

WASHINGTON - A bill to rescind the COVID-19 vaccine mandate for members of the U.S. military and provide nearly $858 billion for national defense passed the House on Thursday as lawmakers scratch off one of the final items on their yearly to-do list.The bill provides for about $45 billion more for defense programs than President Joe Biden requested, the second consecutive year Congress significantly exceeded his request, as lawmakers seek to boost the nation's military competitiveness with China and Russia.The House passed the bill by a vote of 350-80.

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U.S. shoots down another flying object over Lake Huron near Canadian border

U.S. fighter jet shot down an “unidentified object” over Lake Huron on Sunday on orders from President Joe Biden. It was the fourth such downing in eight days and the latest military strike in an extraordinary chain of events over U.S.

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Hong Kong offers free flights to lure back visitors after Covid

Hong Kong leader John Lee has unveiled a promotion campaign that will include 500,000 free flights to lure visitors, businesses and investors back to the financial hub after more than three years of tough Covid-19 curbs.

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China’s meticulous contact tracing pinpoints jogger amid recent COVID-19 outbreak

a weekly report from the department. The unidentified male was infected with the BA.2.76 omicron subvariant of COVID-19. Approximately 2,836 people were potentially exposed to patient zero after he went jogging in a local park, 39 of whom tested positive for the virus.

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As wastewater testing at Toronto Pearson airport expands, it becomes more challenging: researcher

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WHO says Covid still an international emergency

Three years to the day after the World Health Organization sounded the highest level of global alert over Covid-19, it said the pandemic remains an international emergency.

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More countries imposing COVID rules on travelers from China

battles a nationwide outbreak of the coronavirus after abruptly easing restrictions that were in place for much of the pandemic.Australian health authorities said Sunday that from Jan 5. all air travelers from mainland China, Hong Kong or Macao will need to show a negative COVID-19 test taken within two days of their departure.Canadian authorities announced similar measures that will also come into effect Jan.

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China estimates 250 million people caught COVID-19 since end of 'zero-COVID' policy: report

-level officials, according to the Financial Times. The figure, which accounts for 18% of the population, includes 37 million people who were infected on Tuesday alone. Sun reported that the rate of infection continues to rise and that more than half the population of Beijing and Sichuan have already been infected, two people familiar with the matter said.Beijing abruptly dropped its "zero-COVID" policy, which mandated lockdowns and widespread testing when even just a few cases had been detected.

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North Korea locks down capital over 'respiratory illness'

North Korea has ordered a five-day lockdown in the capital over "respiratory illness", a report said, in what appears to be the first citywide restrictions since the country declared victory over Covid-19 in August 2022.

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‘Hard road’ lies ahead for China as COVID-19 cases spiral

A medical worker distributes free health kit packages for COVID-19 prevention and control at a community health center on December 23, 2022 in Changsha, Hunan Province of China. (Yang Huafeng/China News Service/VCG via Getty Images) BAZHOU, China - Nearly three years after it was first identified in China, the coronavirus is now spreading through the vast country.

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India reports 82 covid cases in a day

India reported 82 new covid cases in the last 24 hours, the union health ministry data showed on Monday. While active cases declined to 1,837, the total number of covid cases has reached 44.7 million so far. India has recorded 530,753 covid-related deaths since the onset of pandemic.

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Bag o' Chips walkers mark two years of strolling through Perth to improve their mental health

Two years ago the first Bag o’ Chips walks around Perth for improved mental health began - now hundreds of people have been regularly going out with the group.

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IMF Insists on Creditor Assurances to Unlock $2.9 Billion Sri Lanka Bailout – Report

Bloomberg: The International Monetary Fund said its approval for a $2.9 billion loan to bail out crisis-riddled Sri Lanka will depend on the island nation securing assurances on debt relief from its bilateral creditors.“Sri Lanka continues to engage with official bilateral creditors to obtain financing assurances and also continues to advance domestic reforms,” an IMF spokesperson said in a statement on the progress of its Extended Fund Facility to the South Asian nation. “As soon as adequate assurances are obtained and remaining requirements are met, including by the Sri Lankan authorities, the EFF arrangement for Sri Lanka can be presented to the IMF’s Executive Board for approval.”The Paris Club – an informal group of rich western creditors — and India have provided formal support to the multilateral lender for the loan recast, leaving China — Sri Lanka’s biggest lender — as a holdout.

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India reports 109 new covid cases

New Delhi: India has reported 109 new covid cases in the last 24 hours, with active cases declining to 1,781, the union health ministry data on Thursday showed. ' The total number of covid cases has reached 4.47 crore, and covid related deaths stood at 530,748 since the onset of covid pandemic. Covid cases are declining across the country with daily and weekly positivity recorded at 0.08%.

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India reports 91 new covid cases

Scientists believe that there are less chances of another wave given that a large number of India’s population has been exposed to the virus and vaccinated and have thus developed hybrid immunity. New Delhi: India reported 91 new coronavirus infections in the last 24 hours, while the country’s active caseload remained unchanged at 1,817, according to an update by the health ministry on Monday. Total reported cases climbed to 4.46 crore (4,46,83,454), while death toll stands at 5,30,745.

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India reports 128 new Covid cases in the last 24 hours

Under the Covid vaccination drive, more than 220.56 crore vaccine doses have been administered to people across the country so far. In the last 24 hours, around 1,60,769 vaccine doses were administered New Delhi India has reported 128 new Covid cases in the last 24 hours, according to the union health ministry data. The total number of Covid cases reached 4.47 crore, with 530,745 Covid-related deaths since the onset of the Covid pandemic.

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China responds to Nuland’s “not enough” remark

COLOMBO (News 1st) – Chinese Foreign Ministry Spokesperson Mao Ning has retaliated to comments made by US Under Secretary of State for Political Affairs Victoria Nuland during her visit to Sri Lanka that terms extended by China to Sri Lanka for getting IMF debt relief are not enough."Rather than jabbing fingers at China’s close cooperation with Sri Lanka, the US might as well show some sincerity and actually do something to help Sri Lanka weather through the current difficulties," Ning said responding to journalists at a regular press conference on Thursday (02)."What was said by the US side does not reflect the truth. The Export-Import Bank of China has already provided Sri Lanka with the letter to express support for its debt sustainability.

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Paris Club to give Sri Lanka financing assurances amid IMF debt talks

(Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.The informal group of bilateral lenders is set to "soon" announce its support to the crisis-hit nation on a debt overhaul, said one of the people, who asked not to be named because talks are private.The Asian island nation, which is grappling with soaring inflation, a recession and currency depreciation, entered into a staff level agreement with the IMF last September.But it needs financing assurances from key bilateral lenders before the fund's executive board approves the programme.Sri Lanka's public debt stood at 122% of GDP, of which 70% is denominated in foreign currency, according to data in a country presentation to investors in November.China and India, both non-Paris Club members, are the top bilateral lenders. "Paris Club assurance is not reliant on China," said the source.Another source said the informal group is currently reaching out to other non-Paris Club besides China on financing assurances, but did not provide any further details.India previously committed to help ease the debt burden of neighbour Sri Lanka as part of the IMF programme, and China's Eximbank offered a two-year moratorium in a letter sent to the island nation in January.While the IMF has not yet provided any guidance on where the lender stands regarding China's assurances to Sri Lanka, a U.S.

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SL Debt: All eyes are on China & what they have offered is not enough, says Nuland

– News 1st's Naveksha Gunasekera contributed to this report.

China reports

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0