The Latest Breaking News from Asia

As of May 2022, the U.S. is experiencing another uptick in the number of COVID-19 cases. High rates of infection in Europe and Asia, along with the continued emergence of new sub-variants, such as omicron BA.4 and BA.5, raise concerns that another surge could be on the way.

The Philippines might be Asia’s oldest democracy, but the continued appetite for strongman rule demonstrates a deep ambivalence about liberal democracy’s promises of political equality and rule of law and the likely continuation of the public’s acceptance of the autocratic practices that characterized Duterte’s presidency.

Neo Performance Materials Inc (TSX:NEO) (OTC:NOPMF) reported first-quarter revenue growth of 27.1% year-over-year to $166.28 million. Adjusted EPS improved to $0.56 from $0.39 in 1Q21. Volumes saw a decline of 16.6% Y/Y, reflecting the recent spike in COVID-19 in Asia, several natural disasters that impacted production facilities and customers, and the ongoing…

To boost economic engagement in Southeast Asian countries, the Biden administration will invest $150 million in the region as part of its strategy to counter China, Financial Times Reports. The new package comes seven months after Biden promised Asean leaders that he would provide up to $102 million in investments for countries in Southeast Asia. …

HSBC Holdings Plc has begun an internal review in the face of pressure from its largest shareholder to discuss splitting off the bank's Asian operations.

Cryptocurrencies nursed large losses on Friday, with bitcoin trading near $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest…

President Joe Biden on Thursday welcomed Southeast Asian leaders to Washington with promises to support clean energy and maritime security, hoping to showcase a US commitment as China makes wide inroads. Top leaders from eight of the 10 members of the Association of Southeast Asian Nations (ASEAN) flew to Washington…

Despite Washington's focus on the war in Ukraine, the White House is trying to demonstrate that it is stepping up in the Asia-Pacific.

At least six people have died due to COVID-19, and more than 350,000 are infected in North Korea as an "explosive" coronavirus outbreak takes a toll on the isolated nation, the country's state media KCNA confirmed, according to CNN.