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The Latest Breaking News from Asia

Oceans of opportunity: How seaweed can help fight climate change

It’s a nutritional food source, an alternative to plastic, has medicinal properties and can help limit global warming: Marine algae might just be the next weapon in the fight against climate change.

France 24

Asian shares mostly higher after wobbly rally on Wall St

Shares are mostly higher in Asia after U.S. stocks rallied

The Independent UK

Half of Affluent Asian Investors Hold Digital Assets: Report

Over half of the affluent investors in Asia (52%) held digital assets like cryptocurrencies, stablecoins, and crypto investment funds in the first quarter of 2022 and the figure could reach 73% by the end of this year, according to a report.

Benzinga

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Citi Aggressively Chases Growth In Asia, Especially China Amid Odds

In an interview with Reuters, Citigroup, Inc (NYSE:C) Asia chief shared plans to appoint 3,000 new employees for its Asia institutional business in the next few years. Asia became a battlefield for global banks chasing its vast economies, growing wealth, and relative growth beat most other places. Peter Babej saw the accumulated wealth…

Benzinga

Japan, NATO step up ties amid Russia's invasion of Ukraine

Japanese and NATO officials have agreed to step up military cooperation and joint exercises as they shared concerns that Russia’s invasion of Ukraine is causing a deterioration of the security environment in Europe and Asia

The Independent UK

Editorial: The West must bridge the global divide over Ukraine

One aspect of the war in Ukraine demands much closer attention — the failure of the U.S. and its rich-country friends to build strong partnerships with the developing world. Many governments in Africa, Latin America and Asia have distanced themselves from the allies’ response to Russia’s aggression. This is helping…

Tribune News Service

Saudi PIF Close to Buying Stake in Starbucks Middle East

The Saudi Public Investment Fund (PIF) has been shortlisted to buy a stake in the Middle East, North Africa, and central Asia Starbucks franchise held by Alshaya Group, revealed sources. The Starbucks franchise has several hundred outlets in 14 countries across the Middle East, Russia, and central Asia. Last year,…

Asharq Al-Awsat

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Singapore’s PM-in-waiting embodies broader shift in finance hub

In Asia’s wealthiest nation, where the education system is among the world’s best, Singapore’s prime minister-in-waiting has appeared surprisingly unassuming.

Bangkok Post

‘The next parakeet’: Britain’s dawn chorus at risk from Asian songbird

Exclusive: invasive red-billed leiothrix could threaten native bird populations such as robins and blackbirds, researchers warn

The Guardian - UK

Saudi Arabia hikes July crude prices surprisingly high for Asia buyers

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

Reuters

Biden-BTS summit fuels hope

Perhaps Joe Biden's pursuit to engage more with Asia has just started. Just days after a trip to South Korea and Japan late last month, his first visit to Asia as US president, the 79-year-old leader followed up with a message that touched the hearts of millions of Asians, particularly…

Bangkok Post

Rockets star Jalen Green to invest in East Asia Super League

Rockets star Jalen Green, whose mother and grandfather are from the Philippines, is expanding his international basketball profile with a new investment in the East Asia Super League.

USA Today Sports Media Group

The elite of MBA schools evolves a game-changing virtual dimension

As the saying goes, every cloud has a silver lining. One good thing that’s come out of Covid-19 is the fast-forward in digital adoption that, among many other things, is not only democratizing education but making it more malleable and convenient.

Bangkok Post

Satellite imagery shows air pollution rise in tropical ‘megacities’

A new study uses satellites to measure pollution in African and Asian cities where there is little on-the-ground data collection

The Guardian - UK

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The Independent UK

AP Week in Pictures: Asia

May 27-June 2, 2022

Chronicle Live

There's international golf taking place in the region this week - 5 reasons you should go and watch

The Asian Tour has brought its International Series event to Northumberland this week and admission is free every single day

Benzinga

Rivian Backer Eyes India's Two and Three Wheeler EV Market

Abdul Latif Jameel, an early Rivian Automotive, Inc (NASDAQ:RIVN) backer, committed to investing up to $220 million (₹17 billion) in India's battery-powered two and three-wheeler vehicles through EV maker Greaves Electric Mobility. The Saudi family-owned group will initially pay $150 million (₹11.6 billion) for a 35.8% stake in India's Greaves Cotton Ltd subsidiary to foray…

The Independent UK

Asia shares slide across board amid rate hike, COVID worries

Asian shares are mostly lower, echoing a decline on Wall Street as investors fret about higher interest rates and rising coronavirus cases in parts of the region

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Bangkok Post

Cotton rally squeezes Asian garment makers, threatens Covid recovery

MUMBAI/DHAKA: A near doubling in benchmark cotton futures to 11-year highs, hard on the heels of a spike in freight and fuel prices, is clobbering Asian apparel makers while their global retail customers are reluctant to soak up the extra costs.

Benzinga

Farmmi Wins New Export Order

Farmmi Inc (NASDAQ:FAMI) has bagged a sales order for export to Japan. The order is for dried Shiitake mushrooms. The financial terms were not disclosed. "Asia has historically been the world's largest fungi market for both production and consumption," said Chairwoman and CEO Yefang Zhang. Farmmi is an agricultural products supplier, processor, and…

Reuters

U.S., Taiwan to launch trade talks after island excluded from Indo-Pacific group

The United States will launch new trade talks with Taiwan, U.S. officials said on Wednesday, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence.

France 24

Mekong River in jeopardy: Sand-pumping operations ravage ecosystem

The Mekong is one of the largest rivers in the world, beginning in China and flowing through Thailand, Vietnam and Cambodia. Nearly 70 million people in Asia are dependent on its waters for fishing or to irrigate their rice fields. But this watery giant is threatened due to the dredging…

The Conversation

The Quad: US efforts to counter China's influence in Asia mark a new era of micro alliances

US president Joe Biden recently visited Asia in an effort to strengthen relationships in the region, most notably meeting with leaders of the “Quad” alliance of America, Japan, India and Australia. This group of like-minded states represents a 21st-century diplomatic mechanism which is growing in importance in lieu of an…

The Independent UK

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates

Reuters

Global factory growth stunted by war, China's COVID curbs

Global growth in factory activity slowed in May as China's strict coronavirus curbs and Russia's invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices.

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