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The Latest Breaking News from Asia

Russia-Ukraine war to slow 2022 growth in developing Asia

MANILA: Growth in developing Asia will likely be slower this year than previously thought, the Asian Development Bank (ADB) said on Wednesday, as the war in Ukraine is expected to derail economic recovery in the region still reeling from the Covid-19 pandemic.

Bangkok Post

Asia set for strong growth despite Ukraine risks: ADB

Manila-based bank forecasts region’s developing economies to grow 5.2 percent in 2022 and 5.3 percent in 2023.

Al Jazeera

Youth Politics in East And Southeast Asia

Traditional parties are up against an unstoppable force of young activists set to shape democracy in the region.

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Ukraine invasion will lower economic growth in Asia and Pacific, World Bank warns

The expected growth for the region is likely to expand 5.0 per cent

The Independent UK

In Economist’s fantasyland, India’s nuclear-powered subs are just ‘prestige military toys’

In January, there was a question in the second general studies paper of the civil services (main) examination in India that might interest the Economist, particularly its Asia section. A 15-mark question asked the candidates to analyse whether the newly formed AUKUS (Australia-United Kingdom-United States) partnership was going to supersede…

Newslaundry

CBD of Denver Expands Internationally Via Acquisition Of Cannabis E-Commerce Distribution Platform & Tech Co.

CBD of Denver, Inc. (OTC: CBDD) has signed an agreement to acquire 100% of Mellow, a CBD ecommerce distribution platform and technology company, with capabilities in the UK, Europe, and Asia, for an undisclosed sum.

Benzinga

Mid-Wales life sciences manufacturer eyes Middle East and South Asia in ambitious expansion plans

CellPath has invested £2m in a new international distribution warehouse at its headquarters in Newtown to fulfil increased orders overseas

Birmingham Post

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Saudi Aramco Raises Asia Official Selling Price

Saudi Aramco raised its May official selling price (OSP) to Asia for its flagship Arab Light crude to $9.35 a barrel above Oman/Dubai crude, its highest premium ever. Oil jumped more than 3 percent on Monday to $108 a barrel as the release of strategic reserves by consuming nations failed…

Asharq Al-Awsat

Oil prices, Asian shares gain after tech rally on Wall St

Shares have edged higher in Asia and oil prices are also higher after a tech-driven rally on Wall Street

The Independent UK

Ukraine war to slow growth and drive up poverty in Asia, World Bank warns

Conflict adds strain to developing economies in east Asia and Pacific already struggling with Covid and inflation

The Guardian - UK

World Bank cuts Asia’s 2022 growth outlook on Ukraine war

Washington-based lender forecasts five percent growth for the region this year, down from 5.4 percent in October.

Al Jazeera

World Bank projects war shocks to drag on Asian economies

Russia’s invasion of Ukraine has driven up prices for oil, gas and other commodities, eating into household purchasing power and burdening businesses and governments that already are contending with high debt due to the pandemic

The Hindu

World Bank says war shocks to drag on Asian economies

A report by the World Bank says disruptions to supplies of commodities, financial strains and higher prices are among the shocks from the war in Ukraine that will slow economies in Asia in coming months

The Independent UK

TAT teams up with Thai AirAsia in push for tours

The Tourism Authority of Thailand (TAT) aims to attract 1.75 million tourists from short-haul markets this year as more countries reopen, and will partner with Thai AirAsia (TAA) to bring in at least 18,000 package tours over the next few months.

Bangkok Post

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The Hindu

ITF advances Davis Cup tie in September to avoid clash with Asian Games: AITA

The Davis Cup tie between India and Norway and that of nine other Asia nations, will now be held on September 14-15 while the ATF itself rescheduled the tennis event at Asian Games to September 18-24

The Times of India

ITF prepones Davis Cup tie in September to avoid clash with Asian Games: AITA

NEW DELHI: India will be able to field its best players at both Davis Cup and the Asian Games as the ITF has preponed the team-tournament to avoid its clash with the regional showpiece in China, the national federation AITA told PTI on Monday.

The Independent UK

Asian shares mostly gain after upbeat finish on Wall Street

Shares in Asia have advanced as gains carry over from an upbeat finish last week on Wall Street

Zenger

Butterfly Effect: Spooky Moment Reincarnated Black Butterfly Lands At Air Crash Site

The butterfly seen in the video is believed to be a papilio memnon, which is also known as a great Mormon and is common to Asia.

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The Guardian - US

If the west can harbor Ukrainians, it can accept the many climate refugees to come

The Ukraine war has revealed the double-standards of the Global North’s immigration policies. Refugees from Africa, Asia and Latin America deserve the same sympathy

Asharq Al-Awsat

Russia Praises India’s Neutral Stand on Ukraine Fighting

Russia's foreign minister lauded India for not judging in a "one-sided way" as he discussed Moscow's military involvement in Ukraine with his Indian counterpart on Friday, after Washington urged New Delhi to use its leverage with Russia to end the war. Indian External Affairs Minister Subrahmanyam Jaishankar and Russian Foreign…

The Independent UK

Asian shares slip as Japan 'tankan' shows weaker outlook

Asian shares have fallen as a resurgence of Russian attacks dashed hopes for any quick end to the war in Ukraine

The Independent UK

AP Week in Pictures: Asia

March 25-31, 2022

Benzinga

Stellantis To Shut Down Russia Plant Due To Component Crisis; Looks To Source Computer Chips From Europe, US

Stellantis NV (NYSE:STLA) looks to source computer chips from Europe and the U.S. within three to four years, Reuters reports. CEO Carlos Tavares said multiple initiatives to develop more local sourcing of semiconductors after import shortages from Asia weighed on the industry. Stellantis looked to shut down a van plant in Russia…

Benzinga

Analysts Slash Price Target On This Clothing Company - Read Why

Analysts slashed their price target on PVH Corp (NYSE:PVH) following the company's Q4 results. Citi analyst Paul Lejuez lowered the price target to $94 from $105 and kept a Neutral rating on the shares, implying a 21% upside. The analyst noted, though the company delivered strong Q4 earnings, the business remains choppy in the…

Reuters

Russia concerned at Islamic State's plans to destabilise Central Asia -report

Russia is concerned about the plans of militant group Islamic State to destabilise central Asia and spread instability to the country as well, the RIA news agency said.

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