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Australia

Australia to spend a record $35 million to protect koalas

Australia will spend a record $50 million Australian ($35 million US) over the next four years to boost long-term protection and recovery of its koala population, Prime Minister Scott Morrison's office said in a statement on Saturday. "Koalas are one of Australia's most loved and best recognised icons, both here at home and across the world, and we are committed to protecting them for generations to come," Morrison said in the statement. The fund will be used for "restoring koala habitat, improving our…

Japan, Hong Kong stocks fall 2% as investors digest Fed remarks

SINGAPORE — Asia-Pacific markets declined on Thursday as investors digest an overnight update from the U.S. Federal Reserve that indicated the central bank plans to raise interest rates as soon as March. Hong Kong's Hang Seng index fell 2.23% while the tech-focused Hang Seng Tech index declined 3.97%. Hong Kong-listed shares of major Chinese tech names were down sharply: Alibaba shares fell 6.16%, JD was down 4.92%, Meituan fell 7.02%, Baidu was down 3.37% and Tencent lost 2.79%. Bilibili plunged nearly 11%.…