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Taiwan unveils its first domestic submarine
Taipei unveiled its first domestically built submarine this week. President Tsai Ing-wen, who presided over the ceremony, said the vessel will play a key role in strengthening the Taiwanese Navy’s “asymmetric warfare” capabilities.
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Is the IMF ready for reform?
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has told the Financial Times she would back reforms around IMF voting.
UN Security Council approves Haiti mission
The UN Security Council (UNSC) has approved an initial year-long security mission to Haiti to aid with the country’s entrenched gang problem. Ariel Henry, the acting prime minister who’s been calling for foreign support since last year, thanked the UNSC, adding “we couldn’t wait any longer”.
Indonesia gets its first bullet train
Indonesian President Joko Widodo inaugurated Southeast Asia’s first bullet train on Monday after years of delay and $1.2B in unforeseen costs.
Mozambique settles its ‘tuna bond’ scandal
The Swiss-based bank UBS has agreed to a settlement with Mozambique to resolve Credit Suisse’s infamous ‘tuna bond’ scandal.
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Geopolitics
Slovakia dishes up another electoral surprise
NATO and EU member Slovakia (pop: 5.5 million) went to the polls on Saturday to choose the country’s fifth prime minister in four years, following years of fragile coalition governments.
Business
Technology
Foxconn hedges its bets (again)
Taiwanese tech giant Foxconn has announced plans to double its investment in India over the next year. A Foxconn exec made the announcement on LinkedIn while wishing Prime Minister Modi a happy 73rd birthday.