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The Latest Breaking News from Asia

Pound slips again in Asia trading after rallying due to Bank of England intervention

Economists say BoE addressed symptom and not cause with intervention

The Independent UK

Baht leads declines among weak Asian currencies

Most emerging Asian currencies weakened against a stronger US dollar on Thursday, with the Thai baht shedding more than 1% following a quarter-point rate hike that investors viewed as moderate to bring down inflation running at a 14-year high.

Bangkok Post

Is a global recession coming? More experts are raising the alarm

Figures including the head of World Trade Organization and Paul Krugman are expressing concern about economic outlook.

Al Jazeera

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Asian stocks follow Wall St higher after UK calms markets

Asian stock markets have followed Wall Street higher after Britain’s central bank moved forcefully to stop a budding financial crisis

The Independent UK

North Korea fires missiles after US VP Harris leaves South Korea

In a show of defiance, North Korea fired two short-range ballistic missiles into the sea on Thursday, hours after U.S. Vice President Kamala Harris flew home from a visit to South Korea during which she emphasized the “ironclad” U.S. commitment to the security of its Asian allies.

France 24

VP Harris to visit DMZ after North Korean missile tests

U.S. Vice President Kamala Harris plans to visit the Demilitarized Zone dividing the Korean Peninsula during the final stop on her four-day trip to Asia

The Independent UK

Limited-edition model cars arrive in Land of Smiles

Limited edition Ferrari model cars were launched for the first time in Asia during "Tomica World 2022", which is running at Charoen Nakhon Hall, M floor of Iconsiam, Charoen Nakhon Road, until Oct 6.

Bangkok Post

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Xi to attend Apec summit

Chinese President Xi Jinping has verbally confirmed his participation at the Asia-Pacific Economic Cooperation (Apec) summit in Bangkok on Nov 18-19, but no final decision from United States President Joe Biden has been received, according to the Ministry of Foreign Affairs.

Bangkok Post

Plunging markets spur new intervention warnings across Asia

After some of the most dramatic declines in global financial markets since the Federal Reserve began lifting borrowing costs six months ago, authorities in Asia are stepping up efforts to prevent a downward spiral.

Bangkok Post

US seeks united front in Asia despite Korea, Japan tensions

Vice President Kamala Harris has said her trip to Asia is intended to shore up American alliances with Japan and South Korea

The Independent UK

Stocks and Oil Drop as Dollar Gains on Recession, Ukraine Fears

Equities and crude prices fell, while the dollar held at multi-year highs Wednesday as recession fears mount, while traders are also growing increasingly concerned about tensions with Russia after it declared victory in controversial Ukraine annexation polls. Investors are also keeping a close eye on London, after new finance minister…

Asharq Al-Awsat

Pound falls as Bank of England intervenes to calm markets

Sterling was trading at $1.073 on Wednesday afternoon, improving from $1.066 at 2pm

The Independent UK

Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008

Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar…

Benzinga

Imperial Japan university unites graduates decades after war

Inspired by her Taiwanese grandfather, a journalist in Japan has illuminated a little-known university that started out as a grand piece of imperial propaganda celebrating Japan’s subjugation of Asia

The Independent UK

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Bangkok Post

Thai Airways wins recognition at Skytrax Awards

Thai Airways International Plc (THAI) has been named as No. 4 in the world for the best airline cabin crew and best airline staff in Asia at the Skytrax 2022 World Airline Awards.

Reuters

ADB plans $14 billion program to ease food crisis in region

The Asian Development Bank plans to provide at least $14 billion over 2022-2025 in a comprehensive program of support to ease a food crisis in Asia and the Pacific, its president said on Tuesday.

Bangkok Post

China Reins In Belt and Road Program, $1 Trillion Later

China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program. Now, Beijing is working on an overhaul of the troubled initiative, according to people involved in policy-making.

The Independent UK

Kyrgyzstan: Exploring central Asia’s hidden gem that transports you back in time

The country has vast stretches of land barely troubled by roads, writes Evgeny Lebedev

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The Times of India

I-League Committee sticks to 3+1 rule on number of foreigners in season beginning October 29

NEW DELHI: The League Committee of the All India Football Federation (AIFF) on Sunday allowed I-League clubs to register six foreigners, including one Asian, on the match-day squad but permitted only four of them (under the prevailing 3+1 rule) in the playing eleven for this season beginning on October 29.

Wales Online

The best Asian restaurant in Wales has been named

Lokky's in Saundersfoot was crowned Best Restaurant in Wales

The Independent UK

ADB to devote $14B to help ease food crisis in Asia-Pacific

The Asian Development Bank says it is devoting at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific

The Independent UK

Pound steadies in Asian markets after hitting record low over Kwarteng’s mini-Budget

Pound hit record low against dollar on Monday

Evening Standard

Pound steadies but Kwasi Kwarteng faces massive market turmoil

The pound steadied in early trading in Asian markets on Tuesday as it climbed to $1.07 just before 6am

The Independent UK

Harris focuses Asia trip on security, adds tour to Korea DMZ

In meeting after meeting in Tokyo, Vice President Kamala Harris has emphasized the U.S. commitment to regional security

Financial Times

China growth to fall behind rest of Asia for first time since 1990

World Bank is latest financial institution to slash Chinese economic forecast

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