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Business news AU EDITION | Friday, January 27, 2023 As of 8:16 AM AEST
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Russia's State Duma Speaker Vyacheslav Volodin

Putin Ally Threatens 'Global Catastrophe' Using 'More Powerful Weapons' Against US, Europe

The head of Russia's lower house warned that Russia may retaliate if Ukraine used its U.S.- and NATO-supplied weapons to reclaim its territories.
Sri Lanka has complained to Beijing about its national flag being used on Chinese-made doormats sold on Amazon

China's Debt Trap Places Sri Lanka's Future In IMF's And Beijing's Hands

Sri Lanka has been on the doorsteps of the IMF multiple times, asking for assistance to cope with a debt crisis.
Japan Air Self-Defense Force's F-2 fighters hold a joint military drill with U.S. B-1B bombers and F-16 fighters off Japan's southernmost main island of Kyushu, Japan

Japan Developing Cruise Missile With Interchangeable Payloads To Protect Islands From Chinese Naval Attack

The new missile system is specifically intended to target enemy warships trying to invade Japan's island areas, including the Nansei Islands.
People take part in a ceremony in memory of Russian soldiers killed in the course of Russia-Ukraine conflict, in Samara

Ukraine 'Won't Exist Anymore': Russian Occupier Slams Kyiv In Intercepted Call With Wife

The Ukraine's Defence Intelligence published the intercepted phone call on its official website.
The Virginia-class attack submarine USS New Mexico undergoing sea trials in 2009

Australia's Nuclear Submarine Deal With US In Jeopardy As Senators Cite More Bottlenecks

The senators' concerns highlight that American shipyards cannot meet the needs of the U.S. Navy and do not have the capacity to build...
Russian President Putin attends a news conference in Moscow

Putin Is Terminally Ill With Cancer, Says Ukraine Spy Chief

Ukrainian intelligence chief Kyrylo Budanov said Putin will likely die from cancer after Kyiv wins the war.
China's strict Covid controls have hammered businesses and snarled supply chains

Some Corpses In China Decompose For Days Before Cremation As COVID-19 Deaths Surge

Some funeral homes in China are receiving roughly five times the number of corpses they usually handle, according to reports.
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Africa

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    U.S. Concerned Over Russian Ship's Mysterious Stop In South Africa
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  • Sanctioned Russian Ship In South Africa With Mystery Cargo Raises Suspicion Of Secret Arms Supply

Asia Pacific

  • Sri Lanka has complained to Beijing about its national flag being used on Chinese-made doormats sold on Amazon
    China's Debt Trap Places Sri Lanka's Future In IMF's And Beijing's Hands
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Russia's new Zircon hypersonic cruise missile recently test-launched from a nuclear submarine in Barents sea.

Putin Boasts New Zircon Hypersonic Nuclear Missile, Has 'No Equivalent In The World'

By Danielle Ong

The new Zircon hypersonic cruise missile could cover about 1,000 kilometers (625 miles).

Tensions over the resource-rich waters have spiked in recent weeks after more than 200 Chinese boats were detected at Whitsun Reef, in the Spratly Islands, where China and the Philippines have rival claims

PLA Expanding South China Sea Militarization: China Aggressively Building On Unclaimed Reefs

By Sunny Peter

Beijing-controlled maritime militias have undertaken construction work at four new features in the Spratly Islands over the past decade.

Russia artillery shells captured by the Ukrainian Armed Forces during counteroffensive operation are seen near the town of Izium

Ukraine Army Discovers Thousands Of 'Hidden Arsenals' Left By Escaping Russian Soldiers

By Dane Enerio

All the seized weapons and ammunition have been handed over to units of the Ukrainian Armed Forces, according to the Security Service of Ukraine.

The Liaoning, seen here in 2017, is China's first aircraft carrier

China's Carrier Strike Group Sails To Western Pacific For Major Drill To Counter US Provocations

By Sunny Peter

The drill comes amid heightened tensions in the Indo-Pacific following the strategic military posturing of the U.S. and Japan's shifting away from its defense-only policy.

Ukrainian servicemen fire with a Bureviy multiple launch rocket system at a position in Donetsk region

Ukraine Army Destroys Russian Control Points, 'Concentration' Of Manpower

By Danielle Ong

Ukrainian forces also reportedly destroyed a Russian military "concentration" in Zaporizhzhia, killing at least 10 servicemen.

Weekly jobless claims have become a closely watched metric of labor market health and remained elevated throughout 2020, but dropped substantially this year as Covid-19 vaccines allowed businesses to reopen

Labor Shortages Could Turn US Into Another Japan, Will Immigration Help?

By Panos Mourdoukoutas Ph.D.

Persistent labor shortages could turn the U.S. economy into another Japan, counting lost decades of economic growth. Immigration could ease the situation.

Russian Tu-95 strategic bomber flies during Russian-Chinese military aerial exercises to patrol the Asia-Pacific region, at an unidentified location, in this still image taken from a video released May 24, 2022. Russian Defence Ministry/Handout via REUTER

Russia Assembles Long-Range Bomber Fleet: Is Moscow Prepping A Massive Blow To Ukraine?

By Sunny Peter

Moscow has assembled nearly two dozen of its Tu-95 and Tu-160 long-range strategic bombers along with missiles and other military hardware.

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