Minute to Minute NEWS!

Marshall Islands urges U.S. to better address nuclear legacy, climate – Reuters

Marshall Islands' President David Kabua addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 20, 2022. REUTERS/Eduardo Munoz
UNITED NATIONS, Sept 20 (Reuters) – The president of the Marshall Islands on Tuesday welcomed what he called progress towards a new association agreement with the United States, but said it is vital to better address the legacy of U.S. nuclear testing and climate change.
David Kabua made the remarks at the annual United Nations General Assembly in New York, where he also appealed more broadly for help and action to address climate change, to which his low-lying Pacific island nation is especially vulnerable. read more
The Marshall Islands and other Pacific island states, the Federated States of Micronesia (FSM) and Palau, signed agreements known as compacts with the United States in the late 1980s that give the U.S. defense responsibility and the right to military bases in return for economic support.
The compacts, which expire in 2023, and in 2024 in the case of Palau, are being renegotiated, and experts and former U.S. officials warn the states could look to Washington's geostrategic rival China for support should the talks fail. read more
"While we have shared goals and a strong partnership with the United States of America, we also have grave development challenges and essential needs," Kabua said.
"We welcome recent progress with the United States of America towards a renewed Compact of Free Association and with it a targeted trust fund, he said.
However, he added: "It is vital that the legacy and contemporary challenges of nuclear impact testing be better addressed, that climate change be addressed with the urgency and commitment it deserves, and that our voice as an equal partner is strengthened."
Kabua said Washington was emphasizing its renewed engagement with the Pacific islands and added: "It is essential for all of us to ensure that words are met with action."
The Marshall Islands comprises about 30 far-flung tropical atolls between Australia and Hawaii. Their average elevation is roughly two meters (6.5 ft) above sea level and tidal waves flood the land regularly with increasing ferocity. read more
Islanders are also still plagued by health and environmental effects of the 67 U.S. nuclear tests conducted from 1946 to 1958, including "Castle Bravo" at Bikini Atoll in 1954 – the largest U.S. bomb ever detonated.
Kabua was pointedly critical of China, highlighting human rights issues in its Xinjiang region and its military pressure on self-ruled, Chinese-claimed Taiwan, while calling on the United Nations "to better welcome Taiwan, and its people into our global family."
U.S. Secretary of State Antony Blinken is to host a meeting on Thursday on the sidelines of UNGA aimed at better coordinating assistance to the Pacific island region in the face of Chinese competition. read more
Our Standards: The Thomson Reuters Trust Principles.
The Asian Development Bank (ADB) on Wednesday cut its growth forecasts for developing Asia for 2022 and 2023 amid mounting risks from increased central bank monetary tightening, the fallout from the war in Ukraine and COVID-19 lockdowns in China.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2022 Reuters. All rights reserved