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Taiwan Closes Papua New Guinea Office Amid China Pressure, Halts Aid

Taiwan Closes Papua New Guinea Office Amid China Pressure, Halts Aid

Taiwan has announced the closure of its representative office in Papua New Guinea (PNG) and the recall of all assigned staff. This decision, reported by Focus Taiwan on November 6, follows repeated demands from the PNG government for the mission to be shut down. Taiwan's Ministry of Foreign Affairs (MOFA) stated that the move was made to protect Taiwan's national dignity, diplomatic autonomy, and overall interests. The dispute began in July when PNG unilaterally declared the office would close, prompting Taipei to cease spot market purchases of liquefied natural gas (LNG) from PNG. Taiwan was a significant buyer, accounting for approximately one-third of PNG's LNG exports. MOFA accused Beijing of using political pressure and economic leverage to influence other governments' diplomatic choices and to restrict Taiwan's international presence. As a result, Taiwan is also discontinuing all technical assistance and cooperation programs in PNG, including medical and technical missions, scholarship programs, and ...
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Analysis-Trump's political humbling signals short-term gain, long-term pain for China

Analysis-Trump's political humbling signals short-term gain, long-term pain for China

By Mei Mei Chu and Nicoco Chan BEIJING, Nov 5 (Reuters) - The midterm drubbing of Donald Trump's Republicans may strengthen China's hand in trade talks with Washington, but Beijing is unlikely to revel in the misfortunes of a US president whose successor could prove less accommodating.
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Trump's political humbling signals short-term gain, long-term pain for China

Trump's political humbling signals short-term gain, long-term pain for China

By Mei Mei Chu and Nicoco Chan BEIJING, Nov 5 (Reuters) - The midterm drubbing of Donald Trump's Republicans may strengthen China's hand in trade talks with Washington, but Beijing is unlikely to revel in the misfortunes of a US president whose successor could prove less accommodating.
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Paraguay's Peña resigns as bank collapse triggers political crisis

Paraguay's Peña resigns as bank collapse triggers political crisis

By Daniela Desantis and Lucinda Elliott ASUNCION, Nov 5 (Reuters) - Paraguayan President Santiago Peña resigned on Thursday after the collapse of digital lender ueno triggered a political and financial crisis, froze access to millions of accounts and rattled investor confidence in one of South
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Paraguay Senate removes President Santiago Peña from office following Ueno bank collapse

Paraguay Senate removes President Santiago Peña from office following Ueno bank collapse

Paraguay’s Senate has voted to remove President Santiago Peña, convicting him of misconduct over the collapse of a major digital bank tied to his business interests
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Explainer-What is ueno bank and how did it trigger Paraguay's political crisis?

Explainer-What is ueno bank and how did it trigger Paraguay's political crisis?

By Lucinda Elliott Nov 5 (Reuters) - Paraguay's President Santiago Peña resigned on Thursday after the collapse of ueno, a prominent commercial bank with ties to his government. Here are more details on ueno and how its collapse led to the president's downfall. WHAT IS UENO?
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Paraguay President Peña resigns under mounting pressure from bank collapse

Paraguay President Peña resigns under mounting pressure from bank collapse

By Daniela Desantis ASUNCION, Nov 5 (Reuters) - Paraguayan President Santiago Peña resigned on Thursday as calls for his removal swelled following the collapse of digital lender ueno that left millions of customers unable to access their accounts.
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South Korean audit reveals friction in US alliance as Washington's priorities shift

South Korean audit reveals friction in US alliance as Washington's priorities shift

By Jack Kim SEOUL, Nov 5 (Reuters) - South Korean President Lee Jae Myung has come under fire from the opposition over his management of the US alliance following revelations of strains in ties during a month-long parliamentary audit that ended last week.
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Hong Kong's Joshua Wong: From teenage protest leader to a decade behind bars

Hong Kong's Joshua Wong: From teenage protest leader to a decade behind bars

By Greg Torode and Anne Marie Roantree HONG KONG, Nov 5 (Reuters) - Hong Kong democracy activist Joshua Wong, once a leader of the 2014 Umbrella Movement that posed one of the boldest populist challenges to the leaders of China's Communist Party in decades, was sentenced on Thursday to 10 more years
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Ousted Paraguayan president placed under house arrest after bank collapse

Ousted Paraguayan president placed under house arrest after bank collapse

Paraguay’s ousted president, Santiago Peña, was placed under house arrest on suspicion of breach of trust as prosecutors investigate the collapse of Ueno Bank
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Senior Chinese and North Korean Officials Meet in Beijing to Strengthen Bilateral Ties

Senior Chinese and North Korean Officials Meet in Beijing to Strengthen Bilateral Ties

Senior Chinese official Cai Qi met with a North Korean delegation in Beijing, led by Kim Song Nam, director of the International Affairs Department of the Workers' Party of Korea. According to Chinese state media, Cai Qi emphasized the importance of enhancing strategic communication and coordination between the two nations to promote regional peace, stability, and development. China expressed its willingness to collaborate with North Korea to implement the consensus reached by their top leaders, foster traditional friendship, and strengthen mutual learning on party governance. This meeting follows a recent visit by North Korean leader Kim Jong Un to the Chinese border city of Dandong in late October and a key Chinese Communist Party conclave focused on internal party discipline. The discussions underscore ongoing efforts to maintain and deepen the relationship between China and North Korea, particularly in the context of regional dynamics and internal political developments within both countries.
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Ousted Paraguay president Santiago Peña ordered arrested for offenses tied to bank collapse

Ousted Paraguay president Santiago Peña ordered arrested for offenses tied to bank collapse

Paraguayan prosecutors on have ordered the arrest of ousted President Santiago Peña and former central bank chief Carlos Carvallo in a criminal investigation into alleged breach of trust and other offenses tied to the collapse of Ueno Bank