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The Latest Breaking News from Asia

Asian markets mostly down but China data offers some light

Hong Kong (AFP) - Most Asian markets fell again Thursday as traders fear that hefty rate hikes to rein in soaring inflation will spark a recession, though a slight improvement in Chinese data did provide some cheer.

AFP

With royal backing and a Snoop Dogg rap, Malaysia minnows challenge best in Asia

Johor Bahru (Malaysia) (AFP) - A wealthy prince and some astute promotion involving US rapper Snoop Dogg have helped turn Malaysia's Johor Darul Ta'zim from footballing minnows into one of Asia's top clubs.

AFP

Could Electric Motorcycles Overtake Gasoline-Powered Two-Wheelers In Asia?

The increase in popularity of electric mobility across Asia is undeniable. Could this mean that EVs could soon surpass gas-powered bikes in terms of sales?

RideApart

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Hollywood enlists Viu and TrueVisions in piracy fight

Hollywood studios battling online piracy have enlisted the first Asian members of an industry coalition set up to seek out and shut down illegal streaming sites.

Bangkok Post

Price drop puts farmers in Asia’s largest tomato-growing belt in a fix

Widespread cultivation of crop after resumption of transportation modes has resulted in high yields

The Hindu

Philippines starts new era of Marcos rule, decades after overthrow

Ferdinand Marcos, the son of the Philippine ruler overthrown in a popular uprising 36 years ago, was sworn in as the country's president on Thursday, promising to strive for unity and a better future while praising his late father's legacy.

Reuters

Elbit Systems Secures $220M Contract To Supply Precision Guidance Kits

Elbit Systems Ltd (NASDAQ:ESLT) has received a $220 million contract to supply precision guidance kits for airborne munitions to an Asia-Pacific country. The company will perform the contract over a 15-month timeframe. Elbit Systems will supply the Lizard precision guidance kit for general-purpose airborne warheads. The Lizard is a laser-based precision guidance kit…

Benzinga

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FIA F3 race in Macau called off again, no return for WTCR

The FIA Formula 3 World Cup in Macau will not be run this year due to COVID-19 restrictions, while FIA WTCR will not make its planned return to Asia.

Autosport

Dogs arose from two populations of wolves, study finds

Dogs genetically most similar to ancient Siberian wolves, but they are not direct ancestors and plenty of questions remain

The Guardian - UK

Australia ranks the highest among more than 20 countries for meth use

Australia is at the top of a list of methylamphetamine use among more than 20 countries in Europe, Asia and Oceania, a wastewater analysis finds.

ABC News

Biggest currency rout since 1997 puts Asia central banks in bind

The surge in the dollar has set Asian currencies on course for their worst quarter since 1997 and created a dilemma for central bankers.

Bangkok Post

Japanese Semiconductor Firm Bonds With India's Tata Motors For Advanced Chip Solutions

Renesas Electronics Corp (OTC:RNECY), a premier supplier of advanced semiconductor solutions, collaborated with Tata Motors Ltd (NYSE:TTM) and Tejas Networks Ltd. (Tejas), both Tata Group companies. The partnership builds on their longstanding relationship as technology and business partners. Also Read: More Trouble For Semiconductor Industry's Revival as Japanese Chipmakers See Engineers Shortage Renesas, with deep…

Benzinga

Owl’s He Doing – Animal Lovers Release Healed Eurasian Eagle-Owl Back Into Wild

A Eurasian eagle-owl was released back into the wild after animal lovers healed its broken wing.

Zenger

Human rights in the Gulf states: Thousands of migrant worker deaths unexplained

Every year, some 10,000 low-paid migrant labourers return home to southeast Asia from the Gulf in body bags. Half of these deaths are unexplained, and with no labour laws in place — nor any will from home nations to investigate — the cycle of exploitation continues unabated. These figures are…

France 24

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The Independent UK

Asian shares track Wall St drop as inflation fears drag on

Shares have retreated in Asia after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession

AFP

Hong Kong economy faces uncertain future 25 years after handover

Hong Kong (AFP) - When Hong Kong transitioned from British to Chinese rule, Edmond Hui was a floor trader at the bustling stock exchange, witnessing the roaring growth of a city at the crossroads of the West and Asia.

The Guardian - AU

North Korea accuses US of building an ‘Asian Nato’ ahead of security talks

Biden due to meet Japanese PM Kishida and South Korean leader Yoon for talks amid escalating missile tests by Pyongyang

Axios

"Putin has become a terrorist": Zelensky urges UN to expel Russia

Russia must be "brought to justice" or it "could bring terrorist activity" to other European countries and Asia, Zelensky said.

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The Conversation

Cooking with ‘dirty’ fuels affects women’s mental health

About 2.6 billion people – nearly half of the global population, most of them in Africa, Asia and central and south America – rely on biomass fuels, like wood and charcoal, or kerosene to cook meals, heat and light their homes.

The Conversation

Intensifying heat waves threaten South Asia’s struggling farmers – many of them women

Sitting in a semi-circle in the yard outside of a village school in Nepal, a group of farmers share their concerns about the future. They discuss how the rain is unreliable – droughts and floods are both becoming more common. The heat is overwhelming before the rains come.

Asharq Al-Awsat

North Korea Works to Prevent Flood Damages amid COVID Crisis

North Koreans were working to protect crops and equipment from potential damage after days of heavy rainfall, state media said, as outside observers worry any flooding could aggravate the country’s economic hardships amid its COVID-19 outbreak. Summer floods in North Korea, one of the poorest countries in Asia, often cause…

The News Lens

What To Expect From South Korea’s First NATO Summit

South Korea’s president has vowed to make the country a “global pivotal state” bolstering cooperation with like-minded countries to promote liberal democratic values of freedom, peace, and prosperity.

Bangkok Post

Central banks in Asia spend billions to slow currency declines

After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising US dollar.

Bangkok Post

First Gucci LED outlet unveiled

King Power Group, the country's leading duty-free retailer, has unveiled Asia's first Gucci LED boutique at King Power Suvarnabhumi.

Bangkok Post

Hong Kong's Struggle to Lure Bankers Dims Its Role as a Global Finance Hub

Before the Covid-19 pandemic, the Hong Kong Sevens rugby tournament was for years a highlight on Asia's networking calendar for global bankers and their clients.

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