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The Latest Breaking News from Asia

Just how accurate are rapid antigen tests? Two testing experts explain the latest data

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 Conversation

What a Marcos Jr Presidency in the Philippines Means for Geopolitics

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.

The News Lens

Politics and peril for Asian women

The political landscape in Asia has been very dynamic lately, but it is a disappointment to me personally that events have not been kind to women.

Bangkok Post

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President Joe Biden names envoy to ASEAN bloc, stressing US commitment to South-East Asia

President Joe Biden announces he's nominating one of his top national security aides as ambassador to ASEAN, aiming to underscore his administration's commitment to the Pacific region.

ABC News

Secret British ‘black propaganda’ campaign targeted cold war enemies

Britain stirred up tensions, chaos and violence in Africa, the Middle East and Asia, according to declassified papers

The Guardian - UK

Newcastle to Asia and beyond

Delegations from Japan and Korea, amid interest in Hunter hydrogen hub.

Newcastle Herald

Why Neo Performance Materials Shares Are Surging Today

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…

Benzinga

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Biden Administration To Inject $150M To Reactivate South Asian Alliances To Counter China: FT

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. …

Benzinga

HSBC pressed to spin off Asian business

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.

Bangkok Post

Bitcoin Set for Record Losing Streak as ‘Stablecoin’ Collapse Crushes Crypto

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…

Asharq Al-Awsat

Biden Welcomes Southeast Asian Leaders with Energy, Maritime Pledges

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…

Asharq Al-Awsat

Biden looks to nudge ASEAN leaders to speak out on Russia

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.

WEKU

North Korea Reports COVID-19 Cases Surging To 350,000 From 1 In Single Day Ahead Of Biden Asia Visit

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.

Benzinga

Biden looks to nudge ASEAN leaders to speak out on Russia

President Joe Biden is looking to nudge southeast Asian leaders to be more outspoken about Russia’s invasion of Ukraine

The Independent UK

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The Independent UK

AP Week in Pictures: Asia

May 6-12, 2022

The Independent UK

Sources: Hyundai to set $7B US plant during Biden Asia visit

A U.S. official familiar with the project says South Korean automaker Hyundai Motor Group is expected to announce its plans next week to build a massive electric vehicle plant near Savannah, Georgia

Bangkok Post

America, Asean in geostrategic drift

As Southeast Asia's renowned regional bloc, Asean has been wanting to have its cake as well as eat it. Its summit meeting with the United States in Washington this week is a testimony to trying to have it both ways. When Washington cares less about Asean, the nominally 10-member grouping…

Reuters

U.S. President considering Korea DMZ visit when traveling to Asia this month

U.S. President Joe Biden is considering a trip to the Korean Demilitarized Zone when he visits Asia later this month, White House press secretary Jen Psaki said on Thursday.

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Reuters

Malaysian leader urges U.S. to adopt more active ASEAN trade agenda

Malaysian Prime Minister Ismail Sabri Yaakob on Thursday urged the United States to adopt a more active trade and investment agenda with the Association of Southeast Asian Nations (ASEAN), saying this would benefit Washington economically and strategically.

Benzinga

7 Walt Disney Analysts React To Q2 Earnings Miss, Subscriber Beat, Ongoing Asia Weakness

Walt Disney Co (NYSE: DIS) shares traded lower by 3.7% on Thursday after the company reported first-quarter earnings and said ongoing COVID-19 disruptions are weighing on its Asia theme park business.

The Independent UK

To circumvent Ukraine and bottlenecks, a controversial new trade route emerges: Iran

Exclusive: Despite US sanctions, transportation industry insiders see the Islamic Republic as key land route for moving goods across Eurasia

Motorsport

Intercontinental GT Challenge set to expand to five 2023 rounds

The Intercontinental GT Challenge is set to expand back to five races next season with the likely return of Suzuka as the Asian date.

Autosport

Intercontinental GT Challenge set to expand to five rounds in 2023

The Intercontinental GT Challenge is set to expand back to five races next season with the likely return of Suzuka as the Asian date.

Asharq Al-Awsat

EU's Von Der Leyen: Russia 'Most Direct Threat to World Order'

Top European officials warned Thursday that Russia poses the "most direct threat" to world order and urged China to play a more constructive role on the international stage as they held talks in Tokyo. European Commission President Ursula von der Leyen and European Council President Charles Michel are in Japan…

The Independent UK

Asian shares track technology-led sell-off on Wall Street

Shares have declined in Asia following the release of U.S. inflation data that was worse than expected

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