May 11, Thursday, 2023

1. Beijing is looking to deepen ties with Paris amid growing pressure from the West. China’s foreign minister met his French counterpart on Wednesday. He stressed the need to build a more resilient Sino-French supply chain. Chinese Foreign Minister Qin Gang and his French counterpart Catherine Colonna discussed a number of issues. They said the two sides should work together to address global challenges, including the war in Ukraine.
2.Prime Minister Kishida Fumio says Japan, as this year’s Group of Seven chair, must take a leadership role in setting global rules for generative artificial intelligence. Kishida on Thursday attended the first meeting of a new government council on AI strategy. It is tasked with discussing the country’s policies on generative AI from the standpoint of promoting its effective use and addressing concerns. 3. US President Joe Biden has hinted that he may virtually attend next week’s Group of Seven Summit in Hiroshima. This comes as Biden and House Speaker Kevin McCarthy, a Republican, remain divided on whether to raise the federal government’s debt limit to avoid the risk of a default.

May 10, Wednesday, 2023

1. South Korean President Yoon Suk-yeol has marked his first year in office and pledged efforts to create a country that can contribute to global peace and stability. Yoon visited the National Cemetery in Seoul on Wednesday and wrote in a guest book that he will work together with the people to create a country that embraces freedom and innovation and contributes to global peace and stability in a responsible manner. 2. Major Japanese trading houses have posted record net profits for the fiscal year that ended March 31. Mitsubishi Corporation on Tuesday reported a 1.18 trillion-yen profit, or about 8.7 billion dollars, up 25.9 percent from the previous fiscal year. Mitsui & Co. reported 1.13 trillion yen, or about 8.3 billion dollars. Other companies also posted record-high profits thanks to higher resource and energy prices and the weak yen.
3. The leaders of members of the Association of Southeast Asian Nations, or ASEAN, have gathered in Indonesia for a summit to discuss maters including how to deal with the security crisis in Myanmar. Indonesian President Joko Widodo, the chair of ASEAN this year, said the bloc can become the driver of peace or growth only if there is unity.