MANILA, Philippines — In response to the devastating impact of Typhoon Kalmaegi, Philippine President Ferdinand Marcos Jr. announced a state of emergency on Thursday. The typhoon, which has been the deadliest natural disaster in the country this year, has claimed at least 114 lives, with an additional 127 individuals reported missing. The majority of the fatalities were caused by drowning in flash floods, particularly in the central province of Cebu. The tropical cyclone, which affected nearly 2 million people, displaced over 560,000 villagers, including nearly 450,000 who sought refuge in emergency shelters. The typhoon exited the archipelago on Wednesday, moving into the South China Sea. During a meeting with disaster-response officials to evaluate the aftermath, President Marcos emphasized that the emergency declaration would expedite the disbursement of emergency funds and curb food hoarding and overpricing. This measure aims to provide swift relief to the affected communities and ensure the stability of essential supplies in the wake of the disaster.
标签: Asia
亚洲
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New York City election breakdown: Mamdani won over Blacks, Hispanics and young voters
In a groundbreaking electoral triumph, Zohran Mamdani has been elected as New York City’s first Muslim mayor, marking a significant shift in the city’s political landscape. Mamdani’s victory was fueled by overwhelming support across four of the city’s five boroughs, with Staten Island being the sole exception. He outperformed former New York Governor Andrew Cuomo by substantial margins, securing 10 percentage points in Manhattan, 20 in Brooklyn, 11 in the Bronx, and 5 in Queens. This win underscores Mamdani’s ability to bridge diverse communities and build a broad coalition of voters. Despite Cuomo’s efforts to appeal to traditional Democratic strongholds and his emphasis on his Italian-American heritage and Catholic faith, Mamdani’s progressive platform resonated strongly with younger voters and key demographic groups. Exit polls revealed a stark generational divide, with Mamdani capturing 78% of voters aged 18-29, compared to Cuomo’s 18%. Women in this age group overwhelmingly favored Mamdani, with 84% casting their ballots in his favor. Mamdani also made significant inroads among Black, Hispanic, and Asian communities, securing 61%, 57%, and 47% of their votes, respectively. While Cuomo maintained support among white voters and religious groups like Protestants, Catholics, and Jews, Mamdani dominated among those with no religious affiliation and other religious minorities. His success in traditionally underserved neighborhoods, such as Brooklyn’s Brownsville, further highlighted his ability to connect with economically disadvantaged communities. Despite Cuomo’s attempts to portray Mamdani as a threat to the city’s affluent residents, Mamdani performed well in affluent Manhattan neighborhoods like the West Village, Chelsea, and Greenwich Village. This historic victory, with over one million votes, marks the first time since 1969 that a mayoral candidate has achieved such widespread support.
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Modi’s party faces test in crucial Indian state election
The eastern Indian state of Bihar has commenced its highly anticipated election, with over 74 million eligible voters set to determine the composition of the next state government. This election, conducted in two phases for 243 legislative seats, is seen as a critical precursor to several other significant state polls across India. The results, to be announced on November 14, will shape Bihar’s political trajectory and have broader implications for national politics. The election follows a contentious revision of voter rolls, which the opposition claims was designed to exclude genuine voters, particularly Muslims, and favor Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP). Both the BJP and the Election Commission have refuted these allegations. Bihar, one of India’s poorest and most populous states, has long been a battleground for political dominance. Despite its influence, Modi’s BJP has yet to form a government independently in the state. The outgoing government is a coalition between the BJP and the Janata Dal (United) (JD(U)), who are contesting the election together once again. Meanwhile, the main opposition Congress party has allied with the regional Rashtriya Janata Dal (RJD) and several smaller parties. Adding to the political drama is the entry of Prashant Kishor, a renowned political strategist, who has launched his own party, Jan Suraaj. This election is also notable as it may mark the final chapter for two veteran leaders who have dominated Bihar’s politics for nearly four decades: JD(U)’s Nitish Kumar and RJD’s Lalu Prasad Yadav. Both leaders, reportedly in poor health, have occasionally collaborated to maintain their political influence. Kumar, the incumbent chief minister, has been a pivotal figure in Bihar’s governance for much of the past two decades and a key ally of the BJP. Yadav, a charismatic leader known for championing marginalized caste groups, served as chief minister from 1990 to 1997 but has been embroiled in corruption scandals. His son, Tejashwi Yadav, is the opposition alliance’s chief ministerial candidate. The election is also being shaped by the rising influence of female voters, who constitute nearly half of the electorate. Political parties are actively courting women with welfare schemes and financial incentives, recognizing their potential to sway the outcome. As Bihar heads to the polls, the stakes could not be higher, with the results likely to reverberate across India’s political landscape.
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At least 114 dead as Philippines reels from Typhoon Kalmaegi
The Philippines is grappling with the aftermath of Typhoon Kalmaegi, one of the most powerful storms to hit the region this year. As of Thursday, the death toll has climbed to at least 114, with 127 people still missing and 82 injured, according to authorities. The typhoon caused catastrophic flooding across Cebu, the country’s most populous island, where 71 fatalities were reported. Provincial authorities in Cebu have confirmed an additional 28 deaths, which were not included in the national civil defense office’s initial tally. Kalmaegi has since exited the Philippines and is now heading toward central Vietnam, where residents are already dealing with severe flooding that has claimed dozens of lives. The storm unleashed torrents of muddy water, sweeping through towns and cities, leaving behind widespread destruction. Residential areas in Cebu were particularly hard-hit, with many small buildings destroyed and thick layers of mud covering the landscape. Local officials described the devastation as ‘unprecedented.’ Residents returning to their homes are struggling to cope with the aftermath. Jel-an Moira Servas, a business owner from Mandaue city, recounted her harrowing experience of being waist-deep in water within minutes and evacuating with her family. ‘Our houses are filled with mud, and everything is in shambles,’ she said. ‘We don’t even know where to start cleaning.’ The national disaster agency reported that over 400,000 people have been displaced in Cebu, home to 2.5 million residents. The death toll also includes six crew members of a military helicopter that crashed during relief operations on Mindanao island. Volunteer rescuer Carlos Jose Lañas described the situation as the worst flood he has ever witnessed, with emergency responders overwhelmed by the scale of the disaster. Kalmaegi, locally known as Tino, is the 20th tropical cyclone to strike the Philippines this year, a country frequently battered by powerful storms. This disaster follows closely on the heels of back-to-back typhoons in September that killed over a dozen people and caused significant damage to infrastructure and crops. The region has also faced an unusually wet monsoon season, exacerbating the crisis and sparking public outrage over inadequate flood control systems. As Kalmaegi strengthens, with winds reaching 155 km/h, it is expected to make landfall in central Vietnam on Friday, where more than 50 flights have already been canceled or rescheduled. Thailand is also preparing for potential impacts, including flash floods and landslides.
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NRIs in UAE: India’s fintech sector continues on strong growth path
India’s fintech sector is experiencing unprecedented growth, driven by technological innovation and strategic government initiatives. With over 10,000 companies and $40 billion in investments, the sector has become a cornerstone of India’s digital economy. The Reserve Bank of India (RBI) recently unveiled the Unified Market Interface, a groundbreaking platform enabling instant trading of financial assets as digital tokens, settled through the central bank’s digital currency. This development marks a pivotal moment in India’s digital finance ecosystem, which is further bolstered by advancements in data integration, asset tokenization, artificial intelligence (AI), and cybersecurity. The account aggregator framework currently serves 160 million accounts, enhancing financial inclusivity and transparency. Additionally, the Unified Lending Interface has bridged India’s credit gap, sanctioning 3.2 million loans worth Rs. 1.7 trillion since its launch. The retail digital e-rupee, adopted by 19 banks and 7 million users, has also emerged as a critical component of India’s digital public infrastructure. Despite lower R&D spending compared to the US and China, India is leveraging AI to accelerate innovation in life sciences, climate resilience, and space technology. The automotive sector is also thriving, with vehicle exports growing by 20% in the first half of 2025, driven by global demand for electric vehicles and SUVs manufactured in India. Companies like Suzuki, Hyundai, and Nissan are leading this export surge, positioning India as a global manufacturing hub.
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China’s bet on self-reliance won’t fix an unbalanced economy
Since 1953, China has periodically introduced five-year plans to guide its economic transformation. The 15th five-year plan, unveiled in October 2025, aims to address sluggish domestic growth and intensifying geopolitical rivalry by emphasizing technological self-reliance, industrial modernization, and expanded domestic demand. President Xi Jinping and other leaders are betting on innovation-driven growth to secure China’s future, despite concerns about weak consumer spending and economic risks. The plan prioritizes advanced manufacturing, tech innovation, and green industries, such as aerospace, renewable energy, and quantum computing. Beijing’s focus on indigenizing critical technologies and military-civil fusion underscores its dual goals of economic and national security. However, the plan’s limited attention to boosting domestic demand and household consumption raises questions about its ability to rebalance the economy. While China’s push for high-tech industries could reshape global supply chains, it may also exacerbate trade frictions with advanced economies. The success of this ambitious plan will ultimately depend on whether it improves the lives of Chinese citizens by 2030.
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Dubai emerges as a global wealth nexus, bridging Asia and the Middle East
Dubai is rapidly emerging as a global nexus for wealth, strategically bridging the financial ecosystems of Asia and the Middle East. This transformation is driven by a surge in cross-border investments and the growing influence of globally minded families seeking diversified wealth management solutions. According to Derrick Tan, Group Executive Chairman of WRISE Group, Dubai is uniquely positioned to serve the next generation of Asian wealth, which is mobile, sophisticated, and increasingly interconnected.
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ASB Capital and Xtrackers by DWS launch XASB Sukuk ETF on London Stock Exchange
In a significant development for the global financial markets, ASB Capital, a purpose-driven asset management firm with $5.8 billion in assets under management (AUM), has partnered with Xtrackers by DWS, a leading European provider of exchange-traded funds (ETFs), to launch the XASB Sukuk ETF on the London Stock Exchange (LSE). This marks ASB Capital’s first Shari’a-compliant ETF and a milestone for Xtrackers by DWS, offering investors regulated, cost-efficient, and diversified access to the growing Sukuk market. The ETF provides exposure to over 150 Sukuk, addressing historical barriers such as high minimum investment requirements and limited product innovation. Sukuk, which represent 45% of the $2.5 trillion USD-denominated debt market, are forecasted to exceed $2 trillion by 2030, driven by their asset-backed nature and consistent performance. The partnership leverages Xtrackers’ expertise in ETF structuring and ASB Capital’s regional influence, creating a gateway for global investors to participate in this resilient asset class. Hichem Djouhri, Senior Executive Officer at ASB Capital, emphasized the firm’s commitment to innovative and accessible investment solutions, while Houda Ennebati, Head of Xtrackers ETF Sales – France & MENA, highlighted the ETF’s role in broadening investor participation in economic development. ASB Capital, licensed by the Dubai Financial Services Authority (DFSA), continues to strengthen its position as a regional leader with global reach.
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US: Ghazala Hashmi becomes first Muslim woman to serve as lieutenant governor
In a landmark election cycle, Muslim Americans achieved significant victories in state and local elections across the United States, marking a pivotal moment in the nation’s political landscape. Among the most notable wins was Ghazala Hashmi, who became the first Muslim woman to be elected as lieutenant governor of Virginia. Hashmi, a state senator since 2019, will be sworn in on January 17, serving alongside Governor-elect Abigail Spanberger, who also secured a decisive victory in a race widely seen as a rebuke of former President Donald Trump’s policies. Both Hashmi and Spanberger are Democrats, with Hashmi’s campaign focusing on affordability, housing, and education, rather than positioning herself as an anti-Trump candidate. Her success underscores a broader trend of Muslim Americans gaining political influence by addressing local issues rather than engaging in partisan rhetoric. Meanwhile, in Michigan, three Muslim Americans won mayoral races in predominantly Arab American suburbs of Detroit. Mo Baydoun was elected mayor of Dearborn Heights, succeeding Bill Bazzi, who was appointed U.S. ambassador to Tunisia. In Dearborn, Abdullah Hammoud was re-elected with a commanding majority, despite his refusal to endorse President Joe Biden due to the administration’s stance on Israel’s actions in Gaza and Lebanon. In Hamtramck, Adam Alharbi is set to become mayor, continuing a trend of Yemeni American leadership in the area. These victories come amid a backdrop of anti-Muslim sentiment, which has historically been weaponized in elections. However, candidates like Hashmi and Baydoun have demonstrated that focusing on community needs can overcome such challenges. In Minnesota, Omar Fateh, a Somali-American state senator, narrowly lost the Minneapolis mayoral race to incumbent Jacob Frey. Despite the loss, Fateh’s campaign highlighted the resilience of Muslim candidates in the face of racist attacks and misinformation. The successes of these candidates reflect a growing acceptance of Muslim Americans in public office and a shift toward issue-based campaigns that resonate with diverse electorates. As Muslim Americans continue to break barriers, their victories signal a transformative moment in U.S. politics, where representation and community-focused leadership take center stage.
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Iconic New York-based pizzeria launches its first Dubai outlet at Silicon Central Mall
Grimaldi’s Pizzeria, a legendary New York-based establishment celebrated for its coal-fired brick-oven pizzas, has officially opened its first Dubai location at Silicon Central Mall. This expansion marks a significant milestone as the pizzeria introduces its century-old Brooklyn pizza-making tradition to the UAE, offering residents and visitors an authentic taste of New York. Founded on the principles of hand-tossed fresh dough and premium ingredients, Grimaldi’s prides itself on its signature coal-fired brick ovens, which deliver unparalleled flavor and crispness. The restaurant features an open kitchen, allowing guests to witness the artistry behind each pizza, and provides a family-friendly, casual yet upscale ambiance suitable for any occasion. In addition to its award-winning pizzas, the Dubai menu includes a variety of appetizers and daily-made desserts. Grimaldi’s has consistently earned the American Academy of Hospitality Sciences 5 Star Diamond Award for eight consecutive years in the U.S. Joseph Ciolli, CEO of Grimaldi’s Pizzeria, expressed excitement about bringing the authentic New York pizza experience to Dubai, emphasizing the brand’s commitment to quality, tradition, and creating a welcoming environment for families and friends. With over 100 years of pizza-making heritage and international acclaim, Grimaldi’s continues to expand its global footprint, sharing its passion for pizza with new communities.
