Xinhua news agency Archives

07 Oct

Ex-US House Speaker Kevin McCarthy not resigning from Congress

Washington, Oct 7, Just days after becoming the first ever US House Speaker to be ousted from office in the middle of his term, Republican Kevin McCarthy has denied reports that he was resigning from Congress. Addressing reporters on Friday, the former Speaker said: “No, I am not resigning. We are going to keep the majority. I am going to help the people I got here, and we are going to expand it further.” Earlier on Friday, reports were doing the rounds saying that he was expected to step down at some point after the House Speaker’s election. Pressed on…

23 Jun

Global financing summit kicks off in Paris to address climate-related issues

Paris, June 23 (IANS) The Summit for a New Global Financing Pact kicked off here, with more than 300 participants from various sectors. The international financing system "is the fruit of a past consensus, which was able to show its effectiveness," but it "is no longer entirely suitable, and must be realigned with our objectives," French President Emmanuel Macron said on Thursday in his opening speech. Macron called for more funding to meet the challenges of poverty, biodiversity and climate, Xinhua news agency reported. "Facing these challenges at the same time, poverty, climate and biodiversity, we must invest more, and we…

10 Jun

Status of UN envoy to Sudan unchanged: Spokesperson

United Nations, June 10 (IANS) The status of Volker Perthes, the UN envoy to Sudan, is currently unchanged after the Khartoum government had declared him persona non grata and asked for his replacement, a spokesperson of the world body said. On Thursday, the Sudanese Foreign Ministry had said that the government officially notified UN Secretary-General Antonio Guterres that Perthes, head of the UN Integrated Transitional Assistance Mission in Sudan, "has been declared persona non grata as of today", reports Xinhua news agency "I think what I can tell you is that the secretary-general recalls that the doctrine of persona non grata…

02 Jun

Central bank warns of risks to Sweden’s financial stability

Stockholm, June 2, Due to high inflation and increasing interest rates, Sweden's financial stability is strained and the risks are increasing, the country's central bank (Riksbank) said in a report. "We have had many years of low inflation and low interest rates. This has increased risk-taking in the financial system and the economy in general," Riksbank Governor Erik Thedeen said at a press conference held in connection with the release of the bank's latest Financial Stability Report. Since 2021, global inflation has been high and tightened monetary policy with rate hikes has followed in its wake, reports Xinhua news agency. According…

24 Mar

Japan Airlines finalises order for 21 737-8 jets

San Francisco, March 24 (IANS) Boeing has announced that Japan Airlines (JAL) has finalised an order for 21 737-8 jets. JAL intends to begin introducing the airplanes into its fleet from 2026. The 737-8 will position JAL to strengthen its domestic and regional network as passenger traffic continues to return to pre-pandemic levels, according to the announcement. "We are delighted to select the Boeing 737-8, a member of the very latest 737 MAX family, to replace our Boeing 737-800s, which make up the largest proportion of the JAL Group's fleet," said Yuji Akasaka, President of Japan Airlines, on Thursday. The 737…