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Philippine lawmakers approve $8.9bn sovereign wealth fund

Philippine lawmakers approved the creation of an $8.9 billion sovereign wealth fund on Wednesday to boost growth and cut poverty, but critics insisted it was a “scam” and should be scrapped. President Ferdinand Marcos Jr had called for a…

North Korea confirms June launch of military spy satellite

North Korea said Tuesday that it would launch a spy satellite in June, claiming it was necessary to monitor the “dangerous” military movements of the United States and its allies. Criticizing US-South Korea joint military exercises,…