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The Latest Breaking News from Asia

Plunging markets spur new intervention warnings across Asia

After some of the most dramatic declines in global financial markets since the Federal Reserve began lifting borrowing costs six months ago, authorities in Asia are stepping up efforts to prevent a downward spiral.

Bangkok Post

US seeks united front in Asia despite Korea, Japan tensions

Vice President Kamala Harris has said her trip to Asia is intended to shore up American alliances with Japan and South Korea

The Independent UK

Stocks and Oil Drop as Dollar Gains on Recession, Ukraine Fears

Equities and crude prices fell, while the dollar held at multi-year highs Wednesday as recession fears mount, while traders are also growing increasingly concerned about tensions with Russia after it declared victory in controversial Ukraine annexation polls. Investors are also keeping a close eye on London, after new finance minister…

Asharq Al-Awsat

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Pound falls as Bank of England intervenes to calm markets

Sterling was trading at $1.073 on Wednesday afternoon, improving from $1.066 at 2pm

The Independent UK

Asian Bloodbath Continues: Alibaba, XPeng Shed 2%, Yuan Hits Weakest Levels Since 2008

Hong Kong shares opened lower on Wednesday, with the benchmark Hang Seng slipping 2.5%, taking cues from the S&P 500 which fell deeper into the bear territory after hitting a near two-year low. The Chinese yuan hit its lowest level since 2008 and was trading at 7.2296 against the dollar…

Benzinga

Imperial Japan university unites graduates decades after war

Inspired by her Taiwanese grandfather, a journalist in Japan has illuminated a little-known university that started out as a grand piece of imperial propaganda celebrating Japan’s subjugation of Asia

The Independent UK

Thai Airways wins recognition at Skytrax Awards

Thai Airways International Plc (THAI) has been named as No. 4 in the world for the best airline cabin crew and best airline staff in Asia at the Skytrax 2022 World Airline Awards.

Bangkok Post

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ADB plans $14 billion program to ease food crisis in region

The Asian Development Bank plans to provide at least $14 billion over 2022-2025 in a comprehensive program of support to ease a food crisis in Asia and the Pacific, its president said on Tuesday.

Reuters

China Reins In Belt and Road Program, $1 Trillion Later

China has spent a trillion dollars to expand its influence across Asia, Africa and Latin America through its Belt and Road infrastructure program. Now, Beijing is working on an overhaul of the troubled initiative, according to people involved in policy-making.

Bangkok Post

Kyrgyzstan: Exploring central Asia’s hidden gem that transports you back in time

The country has vast stretches of land barely troubled by roads, writes Evgeny Lebedev

The Independent UK

I-League Committee sticks to 3+1 rule on number of foreigners in season beginning October 29

NEW DELHI: The League Committee of the All India Football Federation (AIFF) on Sunday allowed I-League clubs to register six foreigners, including one Asian, on the match-day squad but permitted only four of them (under the prevailing 3+1 rule) in the playing eleven for this season beginning on October 29.

The Times of India

The best Asian restaurant in Wales has been named

Lokky's in Saundersfoot was crowned Best Restaurant in Wales

Wales Online

ADB to devote $14B to help ease food crisis in Asia-Pacific

The Asian Development Bank says it is devoting at least $14 billion through 2025 to help ease a worsening food crisis in the Asia-Pacific

The Independent UK

Pound steadies in Asian markets after hitting record low over Kwarteng’s mini-Budget

Pound hit record low against dollar on Monday

The Independent UK

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Evening Standard

Pound steadies but Kwasi Kwarteng faces massive market turmoil

The pound steadied in early trading in Asian markets on Tuesday as it climbed to $1.07 just before 6am

The Independent UK

Harris focuses Asia trip on security, adds tour to Korea DMZ

In meeting after meeting in Tokyo, Vice President Kamala Harris has emphasized the U.S. commitment to regional security

Financial Times

China growth to fall behind rest of Asia for first time since 1990

World Bank is latest financial institution to slash Chinese economic forecast

Bangkok Post

Sephora opens 'Store of the Future' in Singapore

In 2008, Sephora debuted in Southeast Asia by opening its first retail store in Singapore.

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The Conversation

Sterling hits all-time low: two things can turn this around but neither is straightforward

While most people in the UK were still in bed in the early hours of Monday morning, the pound dived. It fell over 4% during Asia trading to reach its lowest ever level against the dollar of US$1.035, while also hitting €1.079 against the euro. This was an exceptional fall,…

Bangkok Post

Ant Group's Alipay+ to boost cashless travel in South Korea

HONG KONG: Chinese financial technology giant Ant Group is ramping up cashless travel in South Korea through its Alipay+ programme, which supports a major collaboration between trusted mobile payment services providers across Asia.

Reuters

Hong Kong's Cardinal Zen goes on trial over protest charity fund

Cardinal Joseph Zen, 90, one of the most senior Catholic clerics in Asia, and five others were accused on Monday by government prosecutors of using a now-disbanded charity fund for pro-democracy protesters as a front for "political activities".

Daily Mirror

What a weak pound means for your money as Sterling hits all-time low against US dollar

The pound plunged by more than 4% to $1.0327 in early Asia trade today - its lowest level since the decimalisation of the currency in 1971 - but what does this mean for you?

Wales Online

Pound hits record low against the US dollar as markets lose faith in UK government

In early Asia trade, sterling fell close to $1.03 before regaining some ground and stood at $1.06 on Monday morning (September 26), UK time

The Independent UK

Pound recovering after hitting all-time low against the dollar

Sterling plunged to its lowest level against the US dollar - at just over $1.03 - since decimalisation in 1971

The Independent UK

Ceremony and controversy await Harris during visit to Asia

Attending funerals on behalf of the United States is normally a straightforward assignment for a vice president

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