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Finance

Fiji, Japan sign standby disaster loan financing agreement

Fiji and Japan signed an exchange of notes on Wednesday for a second stand-by disaster loan financing of around 72.0 million Fijian dollars (around 32.4 million US dollars), which will assist in any future needs for disaster recovery and rehabilitation.

Tech Outage

The global tech outage on Friday, triggered by a software update from a leading cyber-security firm, serves as a stark reminder of the fragility inherent in our increasingly digital world.

Korean threat

North Korea has a long history of using provocations such as missile or nuclear tests to seek international concessions. The latest tests come as the North’s economy, already battered by decades of mismanagement and crippling U.S.-led sanctions, is hit hard by pandemic border closures. The tests are viewed by many as an attempt to pressure President Biden’s administration into easing the cache of sanctions.