China's Xi Calls for Stronger Fintech Oversight, Security

File Photo: Chinese President Xi Jinping attends the commemoration of the 110th anniversary of the Xinhai Revolution which overthrew the Qing Dynasty and led to the founding of the Republic of China, at the Great Hall of the People in Beijing on October 9, 2021. (AFP)
File Photo: Chinese President Xi Jinping attends the commemoration of the 110th anniversary of the Xinhai Revolution which overthrew the Qing Dynasty and led to the founding of the Republic of China, at the Great Hall of the People in Beijing on October 9, 2021. (AFP)
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China's Xi Calls for Stronger Fintech Oversight, Security

File Photo: Chinese President Xi Jinping attends the commemoration of the 110th anniversary of the Xinhai Revolution which overthrew the Qing Dynasty and led to the founding of the Republic of China, at the Great Hall of the People in Beijing on October 9, 2021. (AFP)
File Photo: Chinese President Xi Jinping attends the commemoration of the 110th anniversary of the Xinhai Revolution which overthrew the Qing Dynasty and led to the founding of the Republic of China, at the Great Hall of the People in Beijing on October 9, 2021. (AFP)

A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown.

The government action has pummeled some of China's biggest tech firms, wiping out hundreds of billions of dollars in market value since last year, AFP said.

But with the Chinese economy hammered by Covid lockdowns, the government has rolled out a series of support measures, including a call for "predictable" tech regulation.

"Regarding large payment and fintech platform enterprises, Xi called for efforts to improve regulations, strengthen institutional weak links, ensure the security of payment and financial infrastructure, and guard against and defuse potential systemic financial risks," according to a readout of the Wednesday meeting by the official Xinhua news agency.

The Chinese leader also "called for these enterprises to be better supported in serving the real economy", Xinhua said.

The officials at the meeting discussed promoting the "healthy development" of fintech companies, it added, and said "China will tighten oversight" of financial holding firms and internet financial services.

Investors have been heartened in recent weeks by similar statements by the Chinese government, with some perceiving them as signals that the tech crackdown is finally easing.

Hopes also soared this month when dozens of new video games were approved, and tech stocks rose on reports that authorities were wrapping up a cybersecurity probe into ride-hailing giant Didi.

But regulators this month denied reports that they were discussing the potential revival of Ant Group's scuppered IPO, which would have been the world's largest public offering at the time.

Ant Group -- the payments affiliate of e-commerce giant Alibaba -- had its share offering cancelled at the last minute in 2020.

Alibaba was later hit with a $2.75 billion fine over alleged unfair practices.

Ant Group is set to apply for a financial licence as soon as this month, Bloomberg News reported Wednesday, citing unnamed people familiar with the matter.



Report: Russia and Ukraine's Combined War Casualties Could Reach 2 Million Soon

FILE PHOTO: Service members of the 152nd Jaeger Brigade of the Ukrainian Armed Forces load a shell into a BM-21 Grad multiple rocket launch system at their position in a front line, amid Russia's attack on Ukraine, in Donetsk region, Ukraine December 25, 2025. REUTERS/Stringer/File Photo
FILE PHOTO: Service members of the 152nd Jaeger Brigade of the Ukrainian Armed Forces load a shell into a BM-21 Grad multiple rocket launch system at their position in a front line, amid Russia's attack on Ukraine, in Donetsk region, Ukraine December 25, 2025. REUTERS/Stringer/File Photo
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Report: Russia and Ukraine's Combined War Casualties Could Reach 2 Million Soon

FILE PHOTO: Service members of the 152nd Jaeger Brigade of the Ukrainian Armed Forces load a shell into a BM-21 Grad multiple rocket launch system at their position in a front line, amid Russia's attack on Ukraine, in Donetsk region, Ukraine December 25, 2025. REUTERS/Stringer/File Photo
FILE PHOTO: Service members of the 152nd Jaeger Brigade of the Ukrainian Armed Forces load a shell into a BM-21 Grad multiple rocket launch system at their position in a front line, amid Russia's attack on Ukraine, in Donetsk region, Ukraine December 25, 2025. REUTERS/Stringer/File Photo

The number of soldiers killed, injured or missing on both sides of Russia's war on Ukraine could be 2 million by spring, with Russia sustaining the largest number of troop deaths for any major power in any conflict since World War II, a report warned Tuesday.

The report from the Center for Strategic and International Studies came less than a month before the fourth anniversary of Moscow's full-scale invasion of Ukraine on Feb. 24.

As the war grinds through another bitterly cold winter, Russian strikes damaged an apartment block Wednesday on the outskirts of Kyiv, killing two people. Nine others were injured in attacks in the Ukrainian cities of Odesa and Kryvyi Rih and in the front-line Zaporizhzhia region, The Associated Press said.

The CSIS report said Russia suffered 1.2 million casualties, including up to 325,000 troop deaths, between February 2022 and December 2025.

“Despite claims of battlefield momentum in Ukraine, the data shows that Russia is paying an extraordinary price for minimal gains and is in decline as a major power,” the report said. “No major power has suffered anywhere near these numbers of casualties or fatalities in any war since World War II."

It estimated that Ukraine, with its smaller army and population, had suffered between 500,000 to 600,000 military casualties, including up to 140,000 deaths.

Neither Moscow nor Kyiv gives timely data on military losses, and each side seeks to amplify the other side’s casualties.

Commenting on the report, Kremlin spokesperson Dmitry Peskov said Wednesday that the research could not be considered “reliable information” and that only Russia’s Ministry of Defense was authorized to provide information on military losses.

The ministry has not released figures on battlefield deaths since a statement in September 2022 that said just under 6,000 Russian soldiers had been killed.

The Ukrainian government had no immediate comment on the report. In an interview with NBC in February 2025, Ukrainian President Volodymyr Zelenskyy said that more than 46,000 Ukrainian soldiers had been killed since the war began.

The CSIS report estimated that at current rates, combined Russian and Ukrainian casualties may be as high as 1.8 million and could reach 2 million by spring.

The figures from the CSIS were compiled using the Washington-based think tank’s own analysis, data published by independent Russian news site Mediazona with the BBC, estimates by the British government and interviews with state officials.

A war of attrition

Reports about military losses have been repressed in Russian media, activists and independent journalists say.

Mediazona, together with the BBC and a team of volunteers, has so far collected the names of more than 160,000 troops killed by scouring news reports, social media and government websites.

The report also said Russian forces were advancing at a sluggish pace since they seized the initiative on the battlefield in 2024, despite their much larger size.

Russia’s advance in Ukraine has largely settled into a grinding war of attrition, and analysts say Russian President Vladimir Putin is in no rush to find a settlement, despite his army’s difficulties on the roughly 1,000-kilometer (600-mile) front line.

The report said Russian forces have advanced at an average rate of between 15 and 70 meters (49 to 230 feet) per day in their most prominent offensives.

That is “slower than almost any major offensive campaign in any war in the last century,” the report said.

Putin told his annual news conference last month that 700,000 Russian troops are fighting in Ukraine. He gave the same number in 2024, and a slightly lower figure — 617,000 — in December 2023. It was not possible to verify those figures.

2 killed in attack in Kyiv region Officials said Wednesday that two people were killed near the Ukrainian capital and at least nine others were injured in attacks across Ukraine.

A man and a woman died in an overnight attack in the Bilohorodka area on the outskirts of Kyiv, according to Mykola Kalashnyk, head of the regional military administration.

Officials in the Ukrainian cities of Odesa and Kryvyi Rih, as well as the Zaporizhzhia region, also reported Russian strikes overnight, wounding at least nine people and damaging infrastructure.

Ukraine's air force said that Russia attacked overnight with one ballistic missile and 146 strike drones, 103 of which were shot down or destroyed using electronic warfare.

Meanwhile, Russia's Ministry of Defense said its air defenses destroyed 75 Ukrainian drones overnight. Twenty-four were shot down over Russia’s southwestern Krasnodar region, with 23 more shot down over the Crimean Peninsula, which Russia illegally annexed in 2016.

Two drones were reportedly shot down over Russia's Voronezh region, where Ukraine's General Staff said Wednesday that it had struck the Khokholskaya oil depot. Regional Gov. Alexander Gusev wrote on Telegram that falling drone debris sparked a fire involving oil products, but did not give further details.


Kallas: EU Expected to Put Iran Guards on 'Terrorist List'

European High Representative of the Union for Foreign Affairs, Kaja Kallas arrives for an informal meeting of the members of the European Council in Brussels, Belgium, 22 January 2026. EPA/OLIVIER MATTHYS
European High Representative of the Union for Foreign Affairs, Kaja Kallas arrives for an informal meeting of the members of the European Council in Brussels, Belgium, 22 January 2026. EPA/OLIVIER MATTHYS
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Kallas: EU Expected to Put Iran Guards on 'Terrorist List'

European High Representative of the Union for Foreign Affairs, Kaja Kallas arrives for an informal meeting of the members of the European Council in Brussels, Belgium, 22 January 2026. EPA/OLIVIER MATTHYS
European High Representative of the Union for Foreign Affairs, Kaja Kallas arrives for an informal meeting of the members of the European Council in Brussels, Belgium, 22 January 2026. EPA/OLIVIER MATTHYS

EU foreign ministers are expected to agree Thursday to put Iran's Revolutionary Guards on the bloc's "terrorist list" after a deadly crackdown on mass protests, the EU's foreign policy chief said.

"If you act as a terrorist, you should also be treated as terrorists," top diplomat Kaja Kallas told journalists ahead of the ministers' meeting in Brussels said AFP.


Ten US Warships in Middle East as Trump Threatens Iran

A US Navy officer walks past fighter jets sitting on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln during a media tour in Port Klang, on the outskirts of Kuala Lumpur, on November 26, 2024. (AFP)
A US Navy officer walks past fighter jets sitting on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln during a media tour in Port Klang, on the outskirts of Kuala Lumpur, on November 26, 2024. (AFP)
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Ten US Warships in Middle East as Trump Threatens Iran

A US Navy officer walks past fighter jets sitting on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln during a media tour in Port Klang, on the outskirts of Kuala Lumpur, on November 26, 2024. (AFP)
A US Navy officer walks past fighter jets sitting on the flight deck of the Nimitz-class aircraft carrier USS Abraham Lincoln during a media tour in Port Klang, on the outskirts of Kuala Lumpur, on November 26, 2024. (AFP)

The recent arrival of an aircraft carrier strike group to the Middle East brings the number of US warships in the region to 10, putting significant firepower at President Donald Trump's disposal if he decides to strike Iran.

The number of ships in the Middle East is now roughly equal to that sent to the Caribbean ahead of the stunning US operation to seize Venezuelan leader Nicolas Maduro, which American forces carried out at the beginning of the year.

A US official on Wednesday put the total number of US ships in the Middle East at 10. The figure includes the USS Abraham Lincoln aircraft carrier group, which boasts three destroyers and F-35C stealth warplanes.

There are also six other US warships operating in the region -- three destroyers and three littoral combat ships.

"A massive Armada is heading to Iran," Trump posted on his Truth Social platform Wednesday, saying: "Like with Venezuela, it is, ready, willing, and able to rapidly fulfill its mission, with speed and violence, if necessary."

"Time is running out," he added, urging Tehran to "MAKE A DEAL!"

Tehran's mission to the United Nations hit back, saying in a post on X that the country "stands ready for dialogue" but "IF PUSHED, IT WILL DEFEND ITSELF AND RESPOND LIKE NEVER BEFORE!"

The carrier and its accompanying ships were ordered to the Middle East as Iran cracked down on protests that were initially driven by economic grievances, but which turned into a mass movement against the regime.

The clerical leadership that took power after the 1979 revolution responded to the demonstrations with deadly force and has held onto power, with many opponents of the system looking to outside intervention as the most likely driver of change.

Trump had repeatedly warned Iran that if it killed protesters, the United States would intervene militarily, and also encouraged Iranians to take over state institutions, saying "help is on the way."

He pulled back from ordering strikes earlier this month, saying Tehran had halted more than 800 executions under pressure from Washington, but has since renewed threats against Iran.