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The Latest Breaking News from Asia

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

WEKU

Share debacle a rare setback for Indian tycoon Adani

India's Gautam Adani was Asia's richest man when the U.S. short-selling firm Hindenburg Research put out a report last week alleging his businesses have engaged in fraud and stock price manipulation

The Independent UK

Thailand soars up democracy rankings as other Asian nations stagnate or fall down list

Thailand's ranking on a democracy index has improved more than any other country in the world over the past year, even as other nations in Asia have seen their scores fall.

ABC News

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US, Philippines agree on larger American military presence

The United States and the Philippines have announced an agreement to expand American military presence in the Southeast Asian country, where U.S. forces and weaponry will be granted access to four more Philippine military camps under a 2014 defense pact

The Independent UK

China lifts SE Asia factories as Europe downturn softens

Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about the boost from China’s reopening, while activity in the euro area shows the downturn is softening as cost pressures ease.

Bangkok Post

Philippines grants US more access to military bases amid China tensions

The United States and the Philippines on Thursday announced plans to expand America's military presence in the Southeast Asian nation, with access to four more bases as they seek to deter China’s increasingly aggressive actions toward Taiwan and in the disputed South China Sea.

France 24

Russian arms dealer, son and front firms hit with sanctions

A Russian arms dealer, his son and a group of front companies across Asia, Europe and the Middle East and their leadership have been targeted for U.S. sanctions in an effort to quell Russia’s access to weapons to continue its invasion of Ukraine

The Independent UK

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Commentary: How do we help Monterey Park shooting survivors now left with horrific trauma?

I was 10 minutes from the Monterey Park shooting on Lunar New Year’s Eve, eating dim sum with 12 of my closest family members and friends, most Chinese. Monterey Park is where we have usually celebrated since my family and I moved to the U.S. from Asia, and the San…

Los Angeles Times

Indian regulator looking into $86 billion Adani share wipeout

India's market regulator is examining a rout in the shares of billionaire Gautam Adani's companies, a source with direct knowledge told Reuters, as the losses triggered by a scathing U.S. short-seller report ballooned on Wednesday to $86 billion.

Reuters

NATO chief wants more 'friends' as Russia, China move closer

NATO Secretary-General Jens Stoltenberg says China’s growing assertiveness and collaboration with Russia poses a threat not only to Asia but also to Europe

The Independent UK

NATO chief stresses importance of Indo-Pacific partners amid security tensions

NATO Secretary-General Jens Stoltenberg on Wednesday stressed the importance of NATO's working closely with partners in the Indo-Pacific, saying Europe could not ignore what happens in East Asia because the global security is interconnected.

Reuters

Southeast Asia factories fire up as China reopens

JAKARTA: Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about how China’s re-opening might help offset an otherwise gloomy outlook for the rest of the world.

Bangkok Post

AISL to launch luxury estate next to school

Asia International School Limited (AISL), the operator of Harrow International Schools, will launch a super-luxury housing project worth 6.5 billion baht next to its school in the Don Mueang area of Bangkok through a joint venture with property developer Koon Estate Co.

Bangkok Post

Who is Gautam Adani? Asia's richest man is losing billions, fast

A history of financial fraud accusations may be catching up to India's biggest industrialist.

Fortune

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The Times of India

Adani wipeout puts focus on Union Budget 2023 to reignite stock market rally

After a $68 billion rout in Adani Group shares that has helped make India’s stock market the worst performer in Asia this year, investors are looking to government spending to spark a rebound.

The Independent UK

Adani $2.5B share sale pushes through amid fraud claims

The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, has been fully subscribed, bucking expectations after a turbulent week in which the conglomerate’s shares plunged in a tussle with a U.S. short-seller

The Independent UK

Richest Asian, Adani, targeted in $68B stock market rout

Asia’s richest man, Gautam Adani, has seen his companies shed $68 billion in market value in the past week after short-selling firm Hindenburg Research accused him of “pulling the largest con in corporate history.”

Fortune

Gautam Adani clings to position as world's richest Asian after Hindenburg report

The Adani stock rout is so bad that it's even knocked India out of the world's top five largest equity markets.

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The Times of India

Gautam Adani drops off list of world’s top 10 richest people

Gautam Adani has slipped out of the list of the world's top 10 richest people and could soon be supplanted as Asia's wealthiest person if shares in his conglomerate continue to slide.

The Independent UK

NATO chief wants firmer ties with Japan to defend democracy

NATO Secretary-General Jens Stoltenberg, in Japan as part of his Asia tour, said “our security is closely interconnected” and called for stronger ties with Japan as Russia’s war on Ukraine has made the world more dangerous and unpredictable and believers of democracy and freedom need stronger partnerships

RideApart

Malaguti Presents The Specter GP 125 Commuter For The European Market

Bangkok Post

AIA presses on with portfolio diversification

AIA, Asia's largest publicly-listed life insurance and securities group, is looking to expand its portfolio to logistics and real estate-related projects in markets such as Thailand amid economic uncertainties.

Bangkok Post

Fed set to slow down rate rises this year

The US Federal Reserve is likely to lift interest rates by just 0.75% this year amid improving economic figures, benefiting Asian stock markets as well as high-risk assets, investment company Principal Asset Management said yesterday.

The Independent UK

Japan, Greece step up security ties as 'strategic partners'

Japanese Prime Minister Fumio Kishida and his Greek counterpart, Kyriakos Mitsotakis, have agreed to strengthen their security, defense and economic ties and pledged to cooperate in responding to Russia’s invasion of Ukraine and other threats in Europe and Asia

The Independent UK

Adani accuses short-seller Hindenburg of attacking India

India’s Adani Group, run by Asia’s richest man, has hit back at a report from U_S_-based short-seller Hindenburg Research, calling it “malicious”, “baseless” and full of “selective misinformation.”

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