The Latest Breaking News from Asia

The CHIPS and Science Act, which President Joe Biden is poised to sign into law next week, was pitched as a once-in-a-lifetime chance to revitalize the U.S. semiconductor industry and counter Asia’s manufacturing power.

RECAP: Asian equities mostly rose yesterday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and bank interest-rate hikes. But while global markets have enjoyed a broadly positive week, recession worries and Chinese military drills around Taiwan have traders' nerves on edge.

Thailand has been ranked at the bottom of nine Asia-Pacific markets for digital agility, based on a study commissioned by Workday, a provider of enterprise cloud applications.

U.S. House Speaker Nancy Pelosi said Friday that China will not isolate Taiwan by preventing U.S. officials from traveling there.She made the remarks in Tokyo on the final leg of an Asia tour highlighted by a visit to Taiwan that infuriated China.The Chinese have tried to isolate Taiwan, Pelosi said,…

Hong Kong (AFP) - Asian equities mostly rose Friday as a drop in oil prices to pre-Ukraine war levels stirred hopes of a slowdown in inflation and central bank interest rate hikes, while focus turns to key US jobs data later in the day.

Asian stock markets are higher ahead of an update on the health of the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation

Mumbai (AFP) - India's central bank on Friday hiked interest rates for the third time in four months, as Asia's third-largest economy contends with a widening trade deficit and weakening currency.

Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world's most important food staple and stoke food inflation that is already near record highs.

US House Speaker Nancy Pelosi said Friday that China will not isolate Taiwan by preventing US officials from traveling there. She made the remarks in Tokyo on the final leg of an Asia tour highlighted by a visit to Taiwan that infuriated China. The Chinese have tried to isolate Taiwan,…

Official had assumed charge to lead various missile production projects that sought to nearly double output

Istanbul (AFP) - Every morning, his skin bronzed by the sun, pensioner Metin Cakmakci rushes to grab a deckchair under a parasol on his local beach on the Asian side of Istanbul.