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By David Lawder MEXICO CITY (Reuters) -U.S. Treasury Secretary Janet Yellen said on Tuesday that economists who predicted that high U.S. unemployment would be needed to tame inflation are “eating their words” as the economy experiences little weakness in the labor market and consumer demand with prices moderating. “We’re not seeing the usual signs of a weakening labor market that would make you fear a recession,” Yellen told reporters on […]

By Lewis Jackson SYDNEY (Reuters) – Australia Post will soon end daily letter deliveries as part of a series of postal reforms announced on Wednesday designed to modernise the government-owned postal service and help it turn a profit. Letters will only be delivered every second business day for 98% of locations, although parcel delivery would continue daily. Australia Post will also have an extra day to deliver regular mail. The […]

SINGAPORE (Reuters) -Nvidia will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China, its CEO Jensen Huang said on Wednesday. The California-based artificial intelligence chip designer has commanded more than a 90% share of China’s $7 billion AI chip market, but analysts have said tightening U.S curbs on chip exports are likely to create opportunities for Chinese rivals […]

SYDNEY (Reuters) – The Australian government on Wednesday urged the opposition to support legislation that would allow authorities to lock up some former immigration detainees who were released after a landmark ruling by the country’s top court. Australia’s High Court ruled last month that several offenders, including people serving time in jail for child sexual offences, were being unlawfully detained ,as there was no real prospect that they could be […]

WASHINGTON/TOKYO (Reuters) – Leaders of the Group of Seven countries will hold a virtual meeting on Wednesday with Ukraine President Volodomyr Zelenskiy. They will discuss the situation in Ukraine, the Middle East and artificial intelligence, Japan’s chief cabinet secretary Hirokazu Matsuno said at press conference. The White House earlier announced the meeting, which will be closed to the media, will be held at 9:30 a.m. ET (1430 GMT). (Reporting by […]

By Kevin Buckland TOKYO (Reuters) – Asia-Pacific equities gained on Wednesday as bets firmed for a peak in interest rates among major central banks globally, as bond yields continued to decline. Japanese government bond yields dipped to the lowest since mid-August as U.S. Treasury yields hovered close to a three-month trough. Meanwhile, crude oil sank to a nearly five-month low, while bullion held steady after dropping back from an all-time […]

BANGKOK (AP) — China is ramping up a crackdown on online scams operated by criminal syndicates in border areas of military-ruled Myanmar in an effort that has included a shootout, confession videos and national TV broadcasts of arrests of high-profile suspects. But the drive has been confined to a limited area and appears unlikely to root out the kingpins behind the human trafficking and other illicit activities aimed at cheating […]

ISLAMABAD (AP) — The Taliban’s “abusive” educational policies are harming boys as well as girls in Afghanistan, according to a Human Rights Watch report published Wednesday. The Taliban have been globally condemned for banning girls and women from secondary school and university, but the rights group says there has been less attention to the deep harm inflicted on boys’ education. The departure of qualified teachers including women, regressive curriculum changes […]

WASHINGTON (AP) — Air Force Special Operations Command said Tuesday it has identified the eight service members lost when their Osprey crashed off the coast of Japan last week and was focused on recovering all of their bodies and the aircraft debris. The CV-22B Osprey crashed on Nov. 29 during a training mission. Ospreys have had a number of crashes, including in Japan, where they are used at U.S. and […]

By Cordelia Hsu and Jill Gralow SYDNEY (Reuters) – Nestled in old eucalyptus forests in Australia’s New South Wales region, an estimated 15% of the state’s dwindling koala population is set to win some protection from as early as 2025, but environmentalists say that might be too late.     To shore up the habitat of these iconic Australian animals, the state government plans to merge 315,000 hectares (1,216 sq miles) of […]