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The Latest Breaking News from Asia

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.

Bangkok Post

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…

Benzinga

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.

Reuters

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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…

France 24

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 Conversation

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

The Independent UK

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.

Reuters

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Go City launches tourist pass in Bangkok

With a revival of tourism in Thailand and Asia-Pacific in sight, Go City, the world's largest multi-attraction pass provider, is expanding its footprint in the region, including Bangkok, to boost travel operators.

Bangkok Post

The middle path for India in the new world disorder

The arena of the looming U.S.-China great power contest is Asia. Instead of aligning with any bloc, India should aim to create new pillars of the global order through engagement and partnership with middle powers

The Hindu

How Japan, U.S. will lead amid global disarray / Tokyo helps connect democracies amid threat to international order

Prime Minister Fumio Kishida has wrapped up a busy few days for Japanese diplomacy. Kishida met with U.S. President Joe Biden, who was on an official trip to Asia, and hosted a Quad summit with Biden and the leaders of Australia and India. These meetings came as the international order…

The Japan News/Yomiuri

1 billion pills: The number of seized drugs reaches ominous record in Asia

A U.N. official calls for new policies across East Asia to halt the soaring production of methamphetamines.

WEKU

Asia's synthetic drug trade booms, with record meth seizures

Trafficking of synthetic drugs in East and Southeast Asia continued to expand last year, with more than one billion methamphetamine tablets seized by authorities, the United Nations said on Monday.

Reuters

Analysis-How the Ukraine conflict is reshaping global oil markets

Russia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.

Reuters

1B meth pills: East, SE Asia drug industry hits ominous peak

The number of methamphetamine tablets seized in East and Southeast Asia exceeded a billion last year, highlighting the scale of illegal drug production and trafficking in the region

The Independent UK

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The Guardian - UK

Negative views of Russia mainly limited to western liberal democracies, poll shows

Annual global survey of attitudes to democracy finds many countries maintain positive views of Russia

Bangkok Post

Biden needs to do better in Asia

When Joe Biden arrived in Asia last week for the first visit to the region of his presidency, he aimed to pick up where his predecessor left off. Landing in South Korea on May 20 as events in North Korea and the Ukraine crisis loomed large, Mr Biden then travelled…

Motorsport

F1 won't lose Europe race focus amid Africa and Asia calendar plans

Formula 1 will not turn its back on Europe despite a fresh push to expand the calendar in Africa and Asia, says the championship’s CEO Stefano Domenicali.

The Conversation

Mangroves are disappearing – we read 200 scientific papers to find out why

Mangrove forests look much like the coastal cousins of inland forests, but you cannot miss their tangled prop roots that help them thrive in harsh coastal environments where the tide flows in and out and there is little oxygen in the soil. They cover much of the tropical and sub-tropical…

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Benzinga

Japan Considers Legalizing Medical Marijuana, Criminalizing Recreational Use

Could Japan be the next country in Asia to embrace medical marijuana? It's looking that way.

The Japan News/Yomiuri

How Japan, U.S. will lead amid global disarray / Defense budget boost becomes Kishida's 'international pledge'

The News Lens

As Biden Leaves Asia, North Korea Launches ICBM, Other Missiles

North Korea test-fired three ballistic missiles, including what appeared to be an intercontinental ballistic missile, hours after U.S. President left South Korea.

The Times of India

More Russian oil than ever before is heading for India, China

NEW DELHI: A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.

Asharq Al-Awsat

Bejjani: Digital Investments Boosted Majid Al Futtaim's Resilience During the Pandemic

Digital investments have boosted Majid Al Futtaim's resilience during the COVID-19 pandemic and accelerated its recovery, announced CEO Alain Bejjani. Majid Al Futtaim is the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia. In an interview with Asharq Al-Awsat on the sidelines of…

The Independent UK

Asian shares' rise broadly cheered by US earnings, rally

Asian shares are gaining as investors cheered a strong set of earnings from retailers that sent U.S. shares higher

The Independent UK

AP Week in Pictures: Asia

May 20-26, 2022

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