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<!-- Plugins: BeforeDisplayContent --> <!-- K2 Plugins: K2BeforeDisplayContent --> <div class="extra_holder"> <!-- Date created --> <span class="catItemDateCreated yj_date"> 25<br/><span>November</span> </span> </div> <!-- Plugins: AfterDisplayContent --> <!-- K2 Plugins: K2AfterDisplayContent --> <div class="clr"></div> </div> <div class="catItemBody_right"> <div class="catItemHeader"> <!-- Item title --> <h3 class="catItemTitle"> <a href="/index.php/international-news/item/29003-cyberattacks-cost-british-businesses-55-billion-in-past-five-years-broker-says"> Cyberattacks cost British businesses $55 billion in past five years, broker says </a> </h3> <!-- Item Author --> <span class="catItemAuthor"> Written by <a rel="author" href="/index.php/international-news/itemlist/user/65-nuke">nuke</a> </span> <!-- Item category name --> <div class="catItemCategory"> <span>Published in</span> <a href="/index.php/international-news/itemlist/category/87-international-news">International News</a> </div> </div> <!-- Item introtext --> <div class="catItemIntroText"> <p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;"><img src="/images/NUKE/0 a640.jpg" alt="" /></span></p> <p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt; color: #c0c0c0;">FILE PHOTO: Figurines with computers and smartphones are seen in front of the words "Cyber Attack" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">VOInews, London : Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years, with 52 per cent of private sector companies reporting at least one attack in that time, insurance broker Howden said on Monday.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Cyberattacks cost businesses 1.9 per cent of their revenue on average, Howden said, with companies generating an annual revenue of over 100 million pounds most likely to suffer an attack.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The most common causes of cyberattacks were compromised emails, at 20 per cent, and data theft, at 18 per cent of cases, Howden said.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">However, only 61 per cent of businesses were using anti-virus software and only 55 per cent were using network firewalls, Howden said. Cost and lack of internal IT resources were among factors behind businesses' low level of cybersecurity.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">"Cybercrime is on the rise, with malicious actors continuing to take advantage of cybersecurity vulnerabilities, particularly as firms become ever more reliant on technology for their operations," said Sarah Neild, head of UK cyber retail at Howden.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Howden's findings were based on a survey of 905 UK private sector IT decision-makers conducted for the broker by YouGov in September//CNA-VOI</span></p><div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_GB/all.js#xfbml=1"; 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font-size: 12pt; color: #000000;"><img src="/images/NUKE/0 a639.jpg" alt="" /></span></p> <p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt; color: #c0c0c0;">A flag with an eye and writing that reads “Governments, the world is watching, cut plastic production now” is displayed by Greenpeace activists in Busan, South Korea, on Nov 25, 2024, before the opening of the Fifth session of UN Intergovernmental<span class="hidden" style="display: inline;">&nbsp;Negotiating Committee on Plastic Pollution (INC-5) at a nearby venue. (Photo: AFP/Anthony Wallace)</span></span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">VOInews, Baku : A final round of talks on a treaty to end plastic pollution opened on Monday (Nov 25), with deep differences between nations emerging almost immediately.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The meeting opened just hours after&nbsp;a chaotic end to the COP29 climate talks&nbsp;in Baku, which agreed to a boost in climate funding that developing countries slammed as insufficient.&nbsp;</span><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Opening the meeting, the Ecuadorian diplomat chairing the talks warned nations that the conference was about "far more than drafting an international treaty".</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">"It is about humanity rising to meet an existential challenge," Luis Vayas Valdivieso told an opening plenary in South Korea's Busan.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Plastic pollution is so ubiquitous it has been found in clouds, the deepest ocean trenches and&nbsp;even human breastmilk.&nbsp;</span><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">And while almost everyone agrees it is a problem, there is less consensus on how to solve it.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Among the most contentious issues are whether the treaty should cap plastic production, a possible ban on chemicals feared toxic to human health, and how to pay for implementation.&nbsp;</span><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">The deep differences have dogged four previous rounds of talks over the last two years, resulting in a lengthy and contradictory draft treaty running over 70 pages.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Valdivieso has produced an alternative document intended to synthesise the views of delegations and move negotiations forward.&nbsp;</span><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Several countries, including Russia and India, also warned on Monday that they were not willing to use it as a basis for negotiations.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">"The reality is that many countries do not see themselves represented in this paper," warned Saudi Arabia's delegation head Eyad Aljubran, speaking on behalf of the Arab group.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">In 2019, the world produced around 460 million tonnes of plastic, a figure that has doubled since 2000, according to the Organisation for Economic Co-operation and Development.&nbsp;Plastic production is expected to triple by 2060.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">More than 90 per cent of plastic is not recycled, with over 20 million tonnes leaking into the environment, often after just a few minutes of use.&nbsp;</span><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Plastic also accounts for around three per cent of global emissions, mostly linked to its production from fossil fuels//CNA-VOI</span></p><div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_GB/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));</script><script src="//platform.twitter.com/widgets.js" type="text/javascript"></script><script type="text/javascript" src="//platform.linkedin.com/in.js"></script><script type="text/javascript" src="https://apis.google.com/js/plusone.js">{lang: 'en-GB'}</script> </div> <div class="clr"></div> <div class="catItemLinks"> <div class="clr"></div> </div> <div class="clr"></div> <div class="clr"></div> <!-- Item "read more..." link --> <div class="catItemReadMore"> <a class="k2ReadMore yj_readmore" href="/index.php/international-news/item/29002-existential-challenge-plastic-pollution-treaty-talks-begin"> Read full article </a> </div> <div class="clr"></div> </div> <!-- Plugins: AfterDisplay --> <!-- K2 Plugins: K2AfterDisplay --> <div class="clr"></div> </div> <!-- End K2 Item Layout --> </div> <div class="clr"></div> <div class="clr"></div> </div> <!-- Primary items --> <div id="itemListPrimary"> <div class="itemContainer" style="width:50.0%;"> <!-- Start K2 Item Layout --> <div class="catItemView groupPrimary"> <!-- Plugins: BeforeDisplay --> <!-- K2 Plugins: K2BeforeDisplay --> <!-- Plugins: AfterDisplayTitle --> <div class="bt-social-share bt-social-share-after-title"><div class="bt-social-share-button bt-facebook-share-button"><fb:share-button href="https://voinews.id/index.php/international-news/item/28993-pope-francis-meets-wmo-secretary-general-celeste-saulo" type="button"></fb:share-button></div><div class="bt-social-share-button bt-facebook-like-button"><fb:like send="true" colorscheme="light" font="arial" href="https://voinews.id/index.php/international-news/item/28993-pope-francis-meets-wmo-secretary-general-celeste-saulo" layout="button_count" width="70" show_faces="true" action="like"></fb:like></div><div class="bt-social-share-button bt-twitter-button" style="width:80px"><a href="http://twitter.com/share" class="twitter-share-button" data-via="@voiindonesia" data-url="https://voinews.id/index.php/international-news/item/28993-pope-francis-meets-wmo-secretary-general-celeste-saulo" data-size="medium" data-lang="en" data-count="horizontal" >Twitter</a></div><div class="bt-social-share-button bt-linkedin-button"><script type="IN/share" data-url="https://voinews.id/index.php/international-news/item/28993-pope-francis-meets-wmo-secretary-general-celeste-saulo" data-showzero="false" data-counter="right"></script></div><div class="bt-social-share-button bt-googleplus-button"><g:plus action="share" href="https://voinews.id/index.php/international-news/item/28993-pope-francis-meets-wmo-secretary-general-celeste-saulo" annotation="bubble" height="20" ></g:plus></div><div class="bt-social-share-button bt-pinit-button"><a href="#" onclick="window.open('http://www.pinterest.com/pin/create/button/?url=https%3A%2F%2Fvoinews.id%2Findex.php%2Finternational-news%2Fitem%2F28993-pope-francis-meets-wmo-secretary-general-celeste-saulo&media=https%3A%2F%2Fvoinews.id%2Fimages%2F0+a621.jpg&description=Pope Francis meets WMO Secretary-General Celeste Saulo', 'Pinteres', 'width=900, height=500, scrollbars=yes'); 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font-family: arial, helvetica, sans-serif; font-size: 12pt;"><img style="display: block; margin-left: auto; margin-right: auto;" src="/images/0 a621.jpg" alt="" width="591" height="394" /></span></p> <div style="border: 0px solid #e5e7eb; font-family: Montserrat, sans-serif; font-size: 16px; text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt; color: #c0c0c0;">Celeste Saulo, WMO Secretary-General meeting with Pope Francis. (Photo : Vatican Media) -</span>&nbsp;</div> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">Voinews, Vatican : Pope Francis has met with World Meteorological Organization Secretary-General Celeste Saulo for an audience in which they discussed urgency of concerted efforts to address climate change and to take climate action.&nbsp;</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">“It’s very moving to be in front of such a great spiritual leader,” said Celeste Saulo after the audience at the Vatican. “It is clear that Pope Francis shares our concerns about climate change and its impacts at the intersection of climate change and inequalities”. &nbsp;</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Celeste Saulo has just returned from the<a style="border: 0px solid #e5e7eb;" href="https://wmo.int/site/wmo-cop29"><span style="color: #000000;">&nbsp;</span></a><span style="border-style: solid; border-color: #e5e7eb; border-image: initial;">UN Climate Change Conference, COP29</span>, in Baku, Azerbaijan, where&nbsp;<span style="border-style: solid; border-color: #e5e7eb; border-image: initial;">WMO announced that 2024 is on track to be the world’s hottest year on record</span>&nbsp;and temporarily hit the 1.5°C above pre-industrial times.</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">According to a release received by Voice of Indonesia on Saturday November 23rd 2024 in Jakarta, Greenhouse gas levels, which drive climate change, are at record levels. Sea level rise is accelerating, threatening coastal populations. Glacier retreat is unprecedented damaging ecosystems and threatening long term water security for hundreds of millions of people. </span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Extreme weather events including devastating floods, persistent droughts, searing heatwaves and wildfires, have caused major loss of life and livelihoods around the world. &nbsp;</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">“It’s about how we care together for those who are most vulnerable,” said Celeste Saulo after the audience. &nbsp;</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">She told Vatican News that climate change “will have huge impacts on migration, children, women, indigenous peoples, the more vulnerable who are the ones suffering the most.”</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;"><img style="display: block; margin-left: auto; margin-right: auto;" src="/images/0 a622.jpg" alt="" width="582" height="388" /></span></p> <div style="border: 0px solid #e5e7eb; font-family: Montserrat, sans-serif; font-size: 16px; text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt; color: #c0c0c0;">Pope Francis meets WMO Secretary-General Celeste Saulo discuss climate change issue. (Photo : Vatican Media) -&nbsp;</span></div> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">The most affected regions, she explained, are Africa, Southeast Asia, Latin America and the Caribbean, along with small island developing countries which are the frontline of rising sea levels. “We need to help them to avoid the consequences of climate change," she stressed.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">WMO is one of the leaders of the UN Secretary-General’s Early Warnings For All initiative, which seeks to ensure that everyone on the planet is protected by life-saving early warnings by the end of 2027. </span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Although considerable progress is being made, much more needs to be done,&nbsp;<span style="border-style: solid; border-color: #e5e7eb; border-image: initial;">Mr Guterres told government leaders at COP29</span>. &nbsp;</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Celeste Saulo told the Vatican News that religions can give an important contribution to climate action and to building hope: “Action should be informed by science, but moved by faith”, she said.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">She expressed her hope for a closer collaboration in the future with the Holy See: “We have a common agenda and can work together to protect people’s lives and livelihoods,”.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Pope Francis has repeatedly voiced his concern about climate change//VOI</span></p> <p style="text-align: justify;">&nbsp;</p><div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; 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font-size: 12pt; color: #000000;"><img style="display: block; margin-left: auto; margin-right: auto;" src="/images/NUKE/0 a620.jpg" alt="" width="563" height="375" /></span></p> <p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt; color: #c0c0c0;">Pascal Phoa performance at the A Midsummer Nights Dream - Boston, Massachusetts - Amerika Serikat, 3-8-2023. (Photo : Pascal) -&nbsp;&nbsp;</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">VOInews, New York : A New York based Indonesian-born actor made his New York theater debut in RJ Theater&nbsp;Company’s Princess Hamlet at The Flea Theater.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Running from September 7, 2024 - November 2nd 2024, Pascal Phoa played The Ghost of Hamlet’s Father, a critical character from one of William&nbsp;Shakespeare’s most popular works, Hamlet, that tells the story of a prince conflicted about taking&nbsp;revenge for his recently-deceased father who was murdered in his sleep by his scheming uncle.&nbsp;</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Princess Hamlet is a gender-bent spin on Hamlet where the female characters are male&nbsp;characters, and vice versa. The Ghost is still played by a male actor, Pascal Phoa.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Pascal joined the cast of Princess Hamlet after auditioning for director and creator of Princess&nbsp;Hamlet Sophie Leighton Toomey, in August 2024 and went straight to rehearsals just days after.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">“It was a very quick process but everyone was so encouraging of me coming onboard for The&nbsp;Ghost. I feel really blessed and I’m just a little sad that it’s all coming to an end,” he remarks after&nbsp;his closing performance on November 2nd 2024.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">According to a release received by Voice of Indonesia on Saturday November 23rd 2024,&nbsp;&nbsp;Pascal has performed as Lysander in A Midsummer Night’s Dream with Commonwealth&nbsp;Shakespeare Company and is constantly involved in the New York City theater scene.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">“I guess it is interesting when you think about how someone from Indonesia can relate to playing&nbsp;an Athenian boy like Lysander or an English king like Cymbeline. How do you play characters who&nbsp;are so culturally different from you? But I always think it’s important to realize that these&nbsp;characters are people with real emotions, wants, and struggles. That’s what’s so powerful about&nbsp;Shakespeare - his works have the ability to transcend language and culture,” he reflects on some&nbsp;of the roles he has played.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Pascal hopes to keep doing Shakespeare, classical, and contemporary plays around New York and&nbsp;the country. </span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">“I’ve never acted in a Shakespeare Festival before. It sounds really fun so I’d love to&nbsp;be in one someday,” says Pascal. </span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">“Also, doing an Anton Chekhov play would be such a thrilling&nbsp;experience too. The characters in Chekhov plays are deeply complex. They can be really&nbsp;introspective and feel a lot of things but they rarely say what they really feel. It’s a lot like how</span><br /><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">people behave sometimes I guess,” he jokes.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Pascal can next be seen performing in Macbeth as Macduff at Circle in the Square Theatre’s Youth&nbsp;Theatre Series in December 2024//VOI</span></p> <p style="text-align: justify;">&nbsp;</p><div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_GB/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));</script><script src="//platform.twitter.com/widgets.js" type="text/javascript"></script><script type="text/javascript" src="//platform.linkedin.com/in.js"></script><script type="text/javascript" src="https://apis.google.com/js/plusone.js">{lang: 'en-GB'}</script> </div> <div class="clr"></div> <div class="catItemLinks"> <div class="clr"></div> </div> <div class="clr"></div> <div class="clr"></div> <!-- Item "read more..." link --> <div class="catItemReadMore"> <a class="k2ReadMore yj_readmore" href="/index.php/international-news/item/28992-pascal-phoa-plays-the-ghost-of-hamlet-s-father"> Read full article </a> </div> <div class="clr"></div> </div> <!-- Plugins: AfterDisplay --> <!-- K2 Plugins: K2AfterDisplay --> <div class="clr"></div> </div> <!-- End K2 Item Layout --> </div> <div class="clr"></div> <div class="itemContainer" style="width:50.0%;"> <!-- Start K2 Item Layout --> <div class="catItemView groupPrimary"> <!-- Plugins: BeforeDisplay --> <!-- K2 Plugins: K2BeforeDisplay --> <!-- Plugins: AfterDisplayTitle --> <div class="bt-social-share bt-social-share-after-title"><div class="bt-social-share-button bt-facebook-share-button"><fb:share-button href="https://voinews.id/index.php/international-news/item/28990-china-international-travel-mart-2024-showcases-global-tourism-opportunities" type="button"></fb:share-button></div><div class="bt-social-share-button bt-facebook-like-button"><fb:like send="true" colorscheme="light" font="arial" href="https://voinews.id/index.php/international-news/item/28990-china-international-travel-mart-2024-showcases-global-tourism-opportunities" layout="button_count" width="70" show_faces="true" action="like"></fb:like></div><div class="bt-social-share-button bt-twitter-button" style="width:80px"><a href="http://twitter.com/share" class="twitter-share-button" data-via="@voiindonesia" data-url="https://voinews.id/index.php/international-news/item/28990-china-international-travel-mart-2024-showcases-global-tourism-opportunities" data-size="medium" data-lang="en" data-count="horizontal" >Twitter</a></div><div class="bt-social-share-button bt-linkedin-button"><script type="IN/share" data-url="https://voinews.id/index.php/international-news/item/28990-china-international-travel-mart-2024-showcases-global-tourism-opportunities" data-showzero="false" data-counter="right"></script></div><div class="bt-social-share-button bt-googleplus-button"><g:plus action="share" href="https://voinews.id/index.php/international-news/item/28990-china-international-travel-mart-2024-showcases-global-tourism-opportunities" annotation="bubble" height="20" ></g:plus></div><div class="bt-social-share-button bt-pinit-button"><a href="#" onclick="window.open('http://www.pinterest.com/pin/create/button/?url=https%3A%2F%2Fvoinews.id%2Findex.php%2Finternational-news%2Fitem%2F28990-china-international-travel-mart-2024-showcases-global-tourism-opportunities&media=https%3A%2F%2Fvoinews.id%2Fhttps%3A%2F%2Fimg.antaranews.com%2Fcache%2F1200x800%2F2024%2F11%2F23%2FCjkinzN007039_20241123_CBMFN0A001.JPG.webp&description=China International Travel Mart 2024 Showcases Global Tourism Opportunities', 'Pinteres', 'width=900, height=500, scrollbars=yes'); 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font-size: 12pt; color: #000000;"><img src="/images/NUKE/0 a619.jpg" alt="" /></span></p> <p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt; color: #c0c0c0;">An illustration of social media apps. (Image: iStock) -&nbsp;</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">VOInews, Sydney : Australia's centre-left government on Thursday (Nov 21) introduced a Bill in parliament that aims to&nbsp;<span style="background-color: transparent;">ban social media<a href="https://www.channelnewsasia.com/world/australia-social-media-ban-children-under-16-4731736"> </a>for children under 16</span>&nbsp;and proposed fines of up to A$49.5 million (US$32 million) for social media platforms for systemic breaches.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Australia plans to trial an age-verification system that may include biometrics or government identification to enforce a social media age cut-off, some of the toughest controls imposed by any country to date.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The proposals are the highest age limit set by any country and would have no exemption for parental consent and no exemption for pre-existing accounts.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">"This is a landmark reform. We know some kids will find workarounds, but we're sending a message to social media companies to clean up their act," Prime Minister Anthony Albanese said in a statement.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The opposition Liberal party plans to support the Bill though independents and the Green party have demanded more details on the proposed law, which would impact Meta Platforms' Instagram and Facebook, Bytedance's TikTok and Elon Musk's X and Snapchat.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">But Albanese said children will have access to messaging, online gaming, and health and education related services, such as youth mental health support platform Headspace as well as Alphabet's Google Classroom and YouTube.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The Albanese-led Labor government has been arguing excessive use of social media poses risks to physical and mental health of children, in particular the risks to girls from harmful depictions of body image, and misogynist content aimed at boys.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; letter-spacing: -0.33px; color: #000000;">A number of countries have already vowed to curb social media use by children through legislation, but Australia's policy is one of the most stringent.</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">France last year proposed a ban on social media for those under 15 but users were able to avoid the ban with parental consent. The United States has for decades required technology companies to seek parental consent to access the data of children under 13.</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">"For too many young Australians, social media can be harmful. Almost two-thirds of 14 to 17-year-old Australians have viewed extremely harmful content online, including drug abuse, suicide or self-harm," Communications Minister Michelle Rowland told parliament on Thursday.</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The law would force social media platforms, and not parents or young people, to take reasonable steps to ensure the age-verification protections are in place//CNA-VOI</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p><div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_GB/all.js#xfbml=1"; 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font-size: 12pt; color: #000000;"><img src="/images/NUKE/0 a618.jpg" alt="" /></span></p> <p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt; color: #c0c0c0;">FILE PHOTO: U.S. dollar and Euro notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/File Photo</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">VOInews, Tokyo : The euro plunged to a two-year low on Friday after data showed a tumble in euro zone business activity, and caused markets to up bets on ECB rate cuts, while bitcoin hit a record high just shy of $100,000.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The common currency dipped over 1 per cent at one point to its lowest level since November 2022, and was last down 0.6 per cent on the day at $1.0412 after the data, which showed the bloc's dominant services industry contracted and manufacturing had sunk deeper into recession.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Markets also raised their expectations of European Central Bank rate cuts, and see a more than 50 per cent chance of a larger-than-usual 50 bp rate cut in December.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Francesco Pesole, currency strategist at ING, said in advance of the release that the PMI figures were "arguably the most important data input for the European Central Bank and the euro".</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">"The release has risen from being almost disregarded to a de-facto critical input for policy decision, given the Governing Council’s greater focus on forward-looking indicators of growth."</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The euro also fell 0.44 per cent against the Swiss franc. It weakened against the pound but then pared declines after soft British PMI data.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The euro has been weakening against the dollar since Donald Trump's victory in the U.S. presidential election. Recent escalations in fighting between Russia and Ukraine and political uncertainty in Germany, the bloc's biggest economy, have further weighed on the currency in recent weeks.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Britain's pound was also under pressure, down 0.5 per cent at $1.257, after British retail sales fell by much more than expected in October, and PMI data showed British business output had shrunk for the first time in more than a year.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Further signs of slowing economic growth could cause the Bank of England to soften its monetary stance.&nbsp;</span><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">The index that tracks the dollar against six main peers was up 0.43 per cent at 107.5, its highest since November 2022.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The index has appreciated sharply this month on expectations that President-elect Donald Trump's policies could reignite inflation and limit the Fed's ability to cut rates, keeping other currencies under pressure.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Trump floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve chairman, the Wall Street Journal reported on Thursday, citing people familiar with the matter//CNA-VOI</span></p><div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_GB/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));</script><script src="//platform.twitter.com/widgets.js" type="text/javascript"></script><script type="text/javascript" src="//platform.linkedin.com/in.js"></script><script type="text/javascript" src="https://apis.google.com/js/plusone.js">{lang: 'en-GB'}</script> </div> <div class="clr"></div> <div class="catItemLinks"> <div class="clr"></div> </div> <div class="clr"></div> <div class="clr"></div> <!-- Item "read more..." link --> <div class="catItemReadMore"> <a class="k2ReadMore yj_readmore" href="/index.php/international-news/item/28985-euro-falls-to-two-year-low-after-soft-pmi-data"> Read full article </a> </div> <div class="clr"></div> </div> <!-- Plugins: AfterDisplay --> <!-- K2 Plugins: K2AfterDisplay --> <div class="clr"></div> </div> <!-- End K2 Item Layout --> </div> <div class="clr"></div> <div class="itemContainer itemContainerLast" style="width:100.0%;"> <!-- Start K2 Item Layout --> <div class="catItemView groupSecondary"> <!-- Plugins: BeforeDisplay --> <!-- K2 Plugins: K2BeforeDisplay --> <!-- Plugins: AfterDisplayTitle --> <div class="bt-social-share bt-social-share-after-title"><div class="bt-social-share-button bt-facebook-share-button"><fb:share-button href="https://voinews.id/index.php/international-news/item/28979-indonesia-brazil-business-forum-usd-2-8-billion-cooperation-in-strategic-sectors" type="button"></fb:share-button></div><div class="bt-social-share-button bt-facebook-like-button"><fb:like send="true" colorscheme="light" font="arial" href="https://voinews.id/index.php/international-news/item/28979-indonesia-brazil-business-forum-usd-2-8-billion-cooperation-in-strategic-sectors" layout="button_count" width="70" show_faces="true" action="like"></fb:like></div><div class="bt-social-share-button bt-twitter-button" style="width:80px"><a href="http://twitter.com/share" class="twitter-share-button" data-via="@voiindonesia" data-url="https://voinews.id/index.php/international-news/item/28979-indonesia-brazil-business-forum-usd-2-8-billion-cooperation-in-strategic-sectors" data-size="medium" data-lang="en" data-count="horizontal" >Twitter</a></div><div class="bt-social-share-button bt-linkedin-button"><script type="IN/share" data-url="https://voinews.id/index.php/international-news/item/28979-indonesia-brazil-business-forum-usd-2-8-billion-cooperation-in-strategic-sectors" data-showzero="false" data-counter="right"></script></div><div class="bt-social-share-button bt-googleplus-button"><g:plus action="share" href="https://voinews.id/index.php/international-news/item/28979-indonesia-brazil-business-forum-usd-2-8-billion-cooperation-in-strategic-sectors" annotation="bubble" height="20" ></g:plus></div><div class="bt-social-share-button bt-pinit-button"><a href="#" onclick="window.open('http://www.pinterest.com/pin/create/button/?url=https%3A%2F%2Fvoinews.id%2Findex.php%2Finternational-news%2Fitem%2F28979-indonesia-brazil-business-forum-usd-2-8-billion-cooperation-in-strategic-sectors&media=https%3A%2F%2Fvoinews.id%2Fimages%2FYASMIN%2FDANIEL_RUSYAD_HAMDANNY%2FScreenshot_2024_1121_192233.jpg&description=Indonesia-Brazil Business Forum: USD 2.8 Billion Cooperation in Strategic Sectors', 'Pinteres', 'width=900, height=500, scrollbars=yes'); 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Photo: Freepik.com" src="/images/YASMIN/DANIEL_RUSYAD_HAMDANNY/Screenshot_2024_1121_192233.jpg" alt="" /></p> <p>&nbsp;</p> <p style="text-align: justify;">VOInews, Rio de Janeiro: The Indonesia-Brazil Business Forum at Copacabana Palace, Rio de Janeiro, marked a significant milestone with the signing of a Memorandum of Understanding (MoU) between business players from both countries. The cooperation, valued at USD 2.8 billion, spans across critical sectors such as finance, digital technology, mining, energy, livestock, and aerospace.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p style="text-align: justify;">Coordinating Minister for Economic Affairs Airlangga Hartarto, who witnessed the signing, emphasized the importance of the partnership. “This collaboration reflects the growing trust and synergy between Indonesian and Brazilian businesses, paving the way for robust economic ties,” he stated.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p>Prabowo: Shared Vision for Strategic Development</p> <p>&nbsp;</p> <p style="text-align: justify;">President Joko Widodo, attending the event, underscored Indonesia's commitment to fostering closer economic cooperation with Brazil. He highlighted the shared attributes of both nations, including large populations, abundant natural resources, and a dynamic culture.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p style="text-align: justify;">“Brazil’s advancements in industrial development serve as an inspiration for Indonesia. We aim to catch up and leverage our strengths to support sustainable growth,” President Prabowo remarked.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p style="text-align: justify;">He called for intensified cooperation in key sectors such as energy, food security, industrial development, and maritime affairs. In the energy sector, the focus is on renewable energy initiatives, particularly biofuels and ethanol. Meanwhile, food security efforts include increasing protein consumption through programs like *Program Makan Bergizi Gratis* (Free Nutritious Meal Program).&nbsp;&nbsp;</p> <p>&nbsp;</p> <p>Strengthening Fisheries and Aerospace Industry</p> <p>&nbsp;</p> <p style="text-align: justify;">As one of the top three countries with the largest fishery reserves globally, Indonesia still faces a significant shortage of around 40,000 large-capacity fishing vessels. To address this gap, President Prabowo proposed collaboration between PT Dirgantara Indonesia and Brazil’s Embraer to bolster the aerospace and maritime industries.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p style="text-align: justify;">“This partnership can enhance our capabilities in fisheries and support industrial growth that benefits both nations,” he added.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p>Brazil: A Strategic Economic Partner</p> <p>&nbsp;</p> <p style="text-align: justify;">Brazil remains a key economic partner for Indonesia. In 2023, bilateral trade between the two nations reached USD 6 billion, with key commodities including palm oil, rubber, agricultural products, and meat.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p style="text-align: justify;">Minister of Finance Sri Mulyani Indrawati highlighted the significance of these ties. “Brazil and Indonesia’s complementary strengths create vast opportunities for mutual benefit, especially in addressing global challenges like food security and renewable energy,” she explained.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p>High-Level Participation</p> <p>&nbsp;</p> <p style="text-align: justify;">The forum brought together prominent Indonesian officials, including Minister of Finance Sri Mulyani Indrawati, Minister of Foreign Affairs Sugiono, and Special Envoy for Climate and Energy Hashim Djojohadikusumo. Other attendees included Deputy Minister of Finance Thomas Djiwandono, Cabinet Secretary Teddy Indra Wijaya, Indonesian Ambassador to Brazil Edi Yusup, and KADIN Chairperson Anindya Novyan Bakrie.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p style="text-align: justify;">Through this landmark forum, Indonesia and Brazil reaffirmed their commitment to advancing economic cooperation across strategic sectors, positioning both nations as influential players in the global economy.&nbsp;&nbsp;</p> <p>&nbsp;</p> <p>Source: ekon.go.id</p> <p>&nbsp;</p><div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_GB/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));</script><script src="//platform.twitter.com/widgets.js" type="text/javascript"></script><script type="text/javascript" src="//platform.linkedin.com/in.js"></script><script type="text/javascript" src="https://apis.google.com/js/plusone.js">{lang: 'en-GB'}</script> </div> <div class="clr"></div> <div class="catItemLinks"> <div class="clr"></div> </div> <div class="clr"></div> <div class="clr"></div> <!-- Item "read more..." link --> <div class="catItemReadMore"> <a class="k2ReadMore yj_readmore" href="/index.php/international-news/item/28979-indonesia-brazil-business-forum-usd-2-8-billion-cooperation-in-strategic-sectors"> Read full article </a> </div> <div class="clr"></div> </div> <!-- Plugins: AfterDisplay --> <!-- K2 Plugins: K2AfterDisplay --> <div class="clr"></div> </div> <!-- End K2 Item Layout --> </div> <div class="clr"></div> <div class="itemContainer itemContainerLast" style="width:100.0%;"> <!-- Start K2 Item Layout --> <div class="catItemView groupSecondary"> <!-- Plugins: BeforeDisplay --> <!-- K2 Plugins: K2BeforeDisplay --> <!-- Plugins: AfterDisplayTitle --> <div class="bt-social-share bt-social-share-after-title"><div class="bt-social-share-button bt-facebook-share-button"><fb:share-button href="https://voinews.id/index.php/international-news/item/28974-japan-plans-90-billion-spending-in-new-stimulus-package-nhk-reports" type="button"></fb:share-button></div><div class="bt-social-share-button bt-facebook-like-button"><fb:like send="true" colorscheme="light" font="arial" href="https://voinews.id/index.php/international-news/item/28974-japan-plans-90-billion-spending-in-new-stimulus-package-nhk-reports" layout="button_count" width="70" show_faces="true" action="like"></fb:like></div><div class="bt-social-share-button bt-twitter-button" style="width:80px"><a href="http://twitter.com/share" class="twitter-share-button" data-via="@voiindonesia" data-url="https://voinews.id/index.php/international-news/item/28974-japan-plans-90-billion-spending-in-new-stimulus-package-nhk-reports" data-size="medium" data-lang="en" data-count="horizontal" >Twitter</a></div><div class="bt-social-share-button bt-linkedin-button"><script type="IN/share" data-url="https://voinews.id/index.php/international-news/item/28974-japan-plans-90-billion-spending-in-new-stimulus-package-nhk-reports" data-showzero="false" data-counter="right"></script></div><div class="bt-social-share-button bt-googleplus-button"><g:plus action="share" href="https://voinews.id/index.php/international-news/item/28974-japan-plans-90-billion-spending-in-new-stimulus-package-nhk-reports" annotation="bubble" height="20" ></g:plus></div><div class="bt-social-share-button bt-pinit-button"><a href="#" onclick="window.open('http://www.pinterest.com/pin/create/button/?url=https%3A%2F%2Fvoinews.id%2Findex.php%2Finternational-news%2Fitem%2F28974-japan-plans-90-billion-spending-in-new-stimulus-package-nhk-reports&media=https%3A%2F%2Fvoinews.id%2Fimages%2FNUKE%2F0+a612.jpg&description=Japan plans $90 billion spending in new stimulus package, NHK reports', 'Pinteres', 'width=900, height=500, scrollbars=yes'); return false;" data-pin-do="buttonBookmark" data-pin-color="red" ><img src="http://assets.pinterest.com/images/pidgets/pinit_fg_en_rect_red_20.png" /></a></div></div> <!-- K2 Plugins: K2AfterDisplayTitle --> <div class="catItemBody"> <!-- Plugins: BeforeDisplayContent --> <!-- K2 Plugins: K2BeforeDisplayContent --> <div class="extra_holder"> <!-- Date created --> <span class="catItemDateCreated yj_date"> 21<br/><span>November</span> </span> </div> <!-- Plugins: AfterDisplayContent --> <!-- K2 Plugins: K2AfterDisplayContent --> <div class="clr"></div> </div> <div class="catItemBody_right"> <div class="catItemHeader"> <!-- Item title --> <h3 class="catItemTitle"> <a href="/index.php/international-news/item/28974-japan-plans-90-billion-spending-in-new-stimulus-package-nhk-reports"> Japan plans $90 billion spending in new stimulus package, NHK reports </a> </h3> <!-- Item Author --> <span class="catItemAuthor"> Written by <a rel="author" href="/index.php/international-news/itemlist/user/65-nuke">nuke</a> </span> <!-- Item category name --> <div class="catItemCategory"> <span>Published in</span> <a href="/index.php/international-news/itemlist/category/87-international-news">International News</a> </div> </div> <!-- Item introtext --> <div class="catItemIntroText"> <p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;"><img src="/images/NUKE/0 a612.jpg" alt="" /></span></p> <p style="text-align: center;"><span style="font-family: arial, helvetica, sans-serif; font-size: 8pt; color: #c0c0c0;">FILE PHOTO: People cross the street at Ginza shopping district in Tokyo, Japan, August 11, 2024. REUTERS/Willy Kurniawan/File Photo</span></p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;">&nbsp;</p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt;">VOInews, Tokyo : Japan is considering spending 13.9 trillion yen ($89.7 billion) from its general account to fund a new stimulus package aimed at mitigating the impact of increasing prices on households, public broadcaster NHK said on Thursday.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The proposed spending, exceeding the 13.2 trillion yen allocated for last year's economic stimulus, is set to exacerbate Japan's already strained public finances, with debt currently twice the size of its economy.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The package also includes around 8 trillion yen for government investment and lending, as well as local government spending, putting the overall package at 39 trillion yen when private funding is included, NHK reported without citing sources.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The stimulus package will include 30,000 yen ($193) to low-income households that are exempt from residential taxes and 20,000 yen per child for households with families, according to sources familiar with the matter.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Major hurdles over the package were cleared on Wednesday after Japan's ruling coalition agreed with a key opposition party on the draft of the package.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">"I'm not sure whether the economic package of this size is necessary now, when there are emerging signs that private consumption is picking up and real wage growth is turning positive," said Takayuki Sueyoshi, senior economist at Daiwa Institute of Research.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Sueyoshi also said that Japan's goal of running a primary budget surplus in the next fiscal year would now be hard to fulfill.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The government estimated in July that Japan would achieve a primary budget surplus of 0.8 billion yen in fiscal 2025, which means tax revenues will slightly exceed expenditures.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">In the past, Japan has used supplementary budgets, typically worth a few trillion yen, to deal with one-off, emergency spending, such as disaster relief. That changed in 2020, when the size ballooned to 73 trillion yen to combat the COVID-19 pandemic.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">Since then, Japan has continued to compile outsized, largely debt-funded, supplementary budgets. Last year, nearly 9 trillion yen of the 13-trillion-yen spending was funded by new debt.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The scale of new bonds Japan would need to issue remains unclear. Last year, the government issued close to 9 trillion yen in bonds for the supplementary budget.</span></p> <p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;">The International Monetary Fund has warned that Japan must fund any additional spending plans within its budget rather than issue more debt, urging the government to get its fiscal house in order as the central bank starts to raise interest rates//CNA-VOI</span></p><div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_GB/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));</script><script src="//platform.twitter.com/widgets.js" type="text/javascript"></script><script type="text/javascript" src="//platform.linkedin.com/in.js"></script><script type="text/javascript" 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