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The Latest Breaking News from Asia-Pacific

Read How Adidas Fared In Q4

Adidas AG (OTC:ADDYY) reported a fourth-quarter FY21 sales decline of 0.1% year-on-year, to €5.1 billion. Currency-neutral revenues in Q4 declined 3%. Supply shortages due to the lockdowns in Vietnam, challenging market environment in Greater China, and COVID-19 related lockdowns in Asia-Pacific reduced revenue growth by more than €400 million in Q4. Currency-neutral revenues…

Asia-Pacific travel faces bumpy recovery: Booking.com

Asia-Pacific travel faces bumpy recovery: Booking.com

Travel in Asia-Pacific is trailing the rest of the world and should expect a bumpy recovery, a Booking.com executive said on Monday, as countries in the region have been slower to open borders than other destinations.

Skye Bioscience Shares Up On Keeping Novotech As CRO For Phase 1 Trial Of THC Prodrug Candidate For Glaucoma

Skye Bioscience Shares Up On Keeping Novotech As CRO For Phase 1 Trial Of THC Prodrug Candidate For Glaucoma

Skye Bioscience, Inc. (OTCQB: SKYE) has entered into an agreement with Novotech Health Holdings, a leading full-service contract research organization in Asia-Pacific, for its upcoming Phase 1 study in Australia of its SBI-100 drug candidate for the treatment of glaucoma.

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CEO optimism at 10-year high

Asia-Pacific chief executives continue to face pressure generated by the ongoing Covid-19 pandemic and market conditions such as rising inflation, supply chain disruptions and the "Great Resignation".

Babcock & Wilcox Bags $22M Waste-To-Energy Technology Contract

Babcock & Wilcox Enterprises Inc (NYSE:BW) business segment B&W Renewable has secured a contract for ~$22 million to help a power producer in Asia reduce its reliance on coal and decrease the amount of waste sent to landfills. B&W Renewable will design and supply a 440-ton-per-day waste-to-energy boiler, DynaGrate combustion grate, and other…

Indonesia Signs Deal with France to Buy 6 Rafale Warplanes

Indonesia signed a deal with France Thursday to buy six Rafale warplanes as part of an anticipated total order of 42, Jakarta's defense minister said, as Paris bolsters military ties in the Asia-Pacific. "We agreed on the purchase of 42 Rafale.

Asharq Al-Awsat

Coty Q2 Bottom-Line Beats Street View; Raises FY22 Adjusted EPS Outlook

Coty Inc (NYSE:COTY) reported second-quarter FY22 sales growth of 11.5% year-on-year, to $1.58 billion, missing the analyst consensus of $1.60 billion. Like-For-Like (LFL) revenue increased 12% Y/Y, driven by a 12% increase in both Prestige and Consumer Beauty segments. Revenue in the Americas rose 9% Y/Y, EMEA increased 12%, and Asia-Pacific grew 17%.…

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Hotels in Asia-Pacific likely to see surge in investment as Covid-19 restrictions ease

Hotels in Asia-Pacific likely to see surge in investment as Covid-19 restrictions ease

HONG KONG: Hotels in Asia-Pacific are likely to receive investment of more than US$9 billion this year, a 30% increase from 2021, as countries begin to ease their Covid-19 restrictions and some confidence returns to the hospitality sector, according to JLL.

Govt 'ready' to host 2022 Apec meet

Govt 'ready' to host 2022 Apec meet

Prime Minister Prayut Chan-o-cha has announced that Thailand is fully prepared to serve as host this year for the Asia-Pacific Economic Cooperation (Apec) summit, says government spokesman Thanakorn Wangboonkongchana.

After COVID, Asia must bolster social safety net: UN labour chief

After COVID, Asia must bolster social safety net: UN labour chief

International Labour Organization head expresses optimism Asia-Pacific will not abandon globalisation post-pandemic.

Biden, Japan's Kishida to Discuss Asia Security, Ukraine

Biden, Japan's Kishida to Discuss Asia Security, Ukraine

US President Joe Biden and Japanese Prime Minister Fumio Kishida will discuss deterrence in the Asia-Pacific region and a "united" Western alliance against Russian threats to Ukraine in a virtual meeting Friday, officials said. Biden has made restoring the importance of the US-Japanese relationship a priority since taking office exactly…

Asharq Al-Awsat

Huge NT fuel site to power US fighter jets

Huge NT fuel site to power US fighter jets

A huge $270 million Darwin storage facility capable of holding 300 million litres of fuel will support US military operations in the Asia-Pacific region.

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