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The Latest Breaking News from Asia

Aberdeen Asset Management (Abrdn) is launching a new Asia equity fund focusing on Chinese and Thai stocks as it believes China's reopening will drive Thailand's tourism industry to expand substantially this year.

Bangkok Post

China’s power in Asia diminished by 'COVID-zero,' study shows

China’s standing in the Asia-Pacific has been damaged by its decision to stick with "COVID-zero" for most of 2022, leaving the U.S. to cement its position as the most influential power in the region, according to an Australian research group.

Tribune News Service

United States remains Asia's most powerful country followed by China, analysis says

The Lowy Institute report ranks Japan as the third most powerful country in Asia, with India following in fourth place, and shows the pandemic has slowed China's rise over the last two years.

ABC News

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Mad for mangas: Asia leaves its mark on Angoulême comics fest

France’s fascination with manga comic books is booming, a trend highlighted at the Angoulême international comics festival at the end of January. Thousands of fans turned out to see Hajime Isayama, Ryoichi Ikegami and Junji Ito who hosted masterclasses and received special awards.

Radio France Internationale

Australia’s diplomatic influence in Asia on the rise as ALP advances interests abroad

Lowy Institute ranks country sixth overall in the Asia Power Index, behind US, China, Japan, India and Russia

The Guardian - AU

Saudi ‘Arheb’ Offers Smart Shared Transport Solutions, Preserves Saudi Environment

Saudi Arabia’s “Arheb” transportation platform will connect drivers and passengers wishing to travel together between the country’s governorates and cities, in addition to neighboring Gulf and Arab countries. Arheb ensures the lowest cost of transportation for users and provides weekly and monthly packages for employees and students at competitive prices.…

Asharq Al-Awsat

Fugitive Hong Kong Mogul Auctions Up to $2 Million in Luxury Handbags

Joseph Lau Luen-hung is selling 77 rare Hermès bags in the largest single-owner handbag sale ever held in Asia, according to Sotheby’s

Caixin Global

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The Weekly Wrap for Saturday, 4 February 2023

Asia's richest man has watched a quarter of his fortune evaporate in a week. An industrial empire is teetering. And it's all because of one teeny-weeny little memo.

inkl Originals

Pizza and spag bol? How Susie Lau’s recent trip to Thailand went horribly wrong

Tempted by sun, sand and long overdue truly spicy Thai, Susie Lau flies halfway around the world and ends up with a limp slice of pizza and plate of spag bol

Evening Standard

Olympics-Russians' Asian route to Games not yet final-IOC's Lalovic

A proposed Paris 2024 Olympics qualification route for Russian and Belarusian athletes through Asian events has not been finalised or agreed, the United World Wrestling President Nenad Lalovic said on Friday.

Reuters

China warns Philippines over US bases deal

China has asked the Philippines to avoid being "taken advantage of" by the United States after the Southeast Asian nation agreed to give US military forces access to four new bases.

Bangkok Post

In India, couples begin their legal battle for same-sex marriage

Couples have filed petitions to India's Supreme Court seeking the legalization of same-sex marriage. The decision could make India the second economy in Asia after Taiwan to recognize the unions.

WEKU

AP Week in Pictures: Asia

Jan. 27-Feb. 2, 2023

The Independent UK

China warns the US is 'using' Asian countries as Washington seals crucial military deal with the Philippines

China warns countries in Asia to be vigilant about the US "using" them, after American forces secured access to a further four military bases in the Philippines.

ABC News

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The Independent UK

How the US is boosting military alliances to counter China

The U.S. is expanding it military presence in Asia, in a string of moves aimed at countering Beijing and reassuring Indo-Pacific allies that America will stand with them against threats from China and North Korea

Bangkok Post

Asian equities jump on Fed hints

Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.

WEKU

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

The Independent UK

Share debacle a rare setback for Indian tycoon Adani

India's Gautam Adani was Asia's richest man when the U.S. short-selling firm Hindenburg Research put out a report last week alleging his businesses have engaged in fraud and stock price manipulation

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ABC News

Thailand soars up democracy rankings as other Asian nations stagnate or fall down list

Thailand's ranking on a democracy index has improved more than any other country in the world over the past year, even as other nations in Asia have seen their scores fall.

The Independent UK

US, Philippines agree on larger American military presence

The United States and the Philippines have announced an agreement to expand American military presence in the Southeast Asian country, where U.S. forces and weaponry will be granted access to four more Philippine military camps under a 2014 defense pact

Bangkok Post

China lifts SE Asia factories as Europe downturn softens

Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about the boost from China’s reopening, while activity in the euro area shows the downturn is softening as cost pressures ease.

France 24

Philippines grants US more access to military bases amid China tensions

The United States and the Philippines on Thursday announced plans to expand America's military presence in the Southeast Asian nation, with access to four more bases as they seek to deter China’s increasingly aggressive actions toward Taiwan and in the disputed South China Sea.

The Independent UK

Russian arms dealer, son and front firms hit with sanctions

A Russian arms dealer, his son and a group of front companies across Asia, Europe and the Middle East and their leadership have been targeted for U.S. sanctions in an effort to quell Russia’s access to weapons to continue its invasion of Ukraine

Los Angeles Times

Commentary: How do we help Monterey Park shooting survivors now left with horrific trauma?

I was 10 minutes from the Monterey Park shooting on Lunar New Year’s Eve, eating dim sum with 12 of my closest family members and friends, most Chinese. Monterey Park is where we have usually celebrated since my family and I moved to the U.S. from Asia, and the San…

Reuters

Indian regulator looking into $86 billion Adani share wipeout

India's market regulator is examining a rout in the shares of billionaire Gautam Adani's companies, a source with direct knowledge told Reuters, as the losses triggered by a scathing U.S. short-seller report ballooned on Wednesday to $86 billion.

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