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The Latest Breaking News from Asia

Why Commonwealth summit in Kigali won't be the relaunch some were hoping for

Leaders of some 54 countries – from Africa, Europe, Asia and Southern America – are set to converge on Kigali between 20 June and 25 June 2022 for the Commonwealth Heads of Government Meeting. Philip Murphy, a professor of Commonwealth history examines the expectations and limitations of the Kigali conference.

The Conversation

Importance of EVs touted by minister

Electric vehicles (EV) are expected to transform Thailand's automotive industry in five years and are instrumental in driving Thailand to become an EV hub in Asia during that period, says Energy Minister Supattanapong Punmeechaow.

Bangkok Post

Fiba U-16 Asian Basketball C'ship: India go down to Japan in quarters, miss maiden World Cup ticket by just seven points

Nagpur: A day after confirming their first quarter-final berth in the 13-year history of Fiba U-16 Asian Basketball Championship, India went down fighting to Japan 84-91, putting up a fine display of grit and character in Doha, Qatar, on Friday.

The Times of India

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China launches third aircraft carrier

China on Friday launched its third aircraft carrier, the first designed and built entirely in the country, marking a major military advance for the Asian superpower.

Bangkok Post

In a first, Indian U-16 cagers make it to last-8 in Asian Championship

NAGPUR: Indian cagers scripted history in Qatar on Thursday. For the first time in the Fiba U-16 Asian Basketball Championship history, the Indian boys team made it to the quarterfinals of the continental event.

The Times of India

Stock markets plunge again as flurry of interest rate hikes fuels recession fears

Investors wary as other central banks follow US Federal Reserve in raising borrowing costs

The Guardian - AU

AP Week in Pictures: Asia

June 10-16, 2022

The Independent UK

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Three-year report reveals vast scale of money laundering in British Columbia

Inquiry shows cash flowing in from Asian investors has not resulted in house prices tripling over two decades

The Guardian - US

First Humans: Ancient Site Could Be Location Of Oldest Known Early Human Fossils In China

An international team of researchers has authored a study claiming that they may have discovered what is possibly the oldest human fossil in existence in China.

Zenger

India, ASEAN seek to boost ties amid US-China rivalry

India and Southeast Asian foreign ministers are meeting in the Indian capital, and India and Singapore have called for strengthening ties amid Russia’s invasion of Ukraine and a heightened rivalry between the United States and China that threatens peace and stability in the region

The Independent UK

Curve flattening bond trade in SE Asia Is set to get hotter

Long bonds in Southeast Asia are set to outperform shorter-dated notes as policy makers turn more hawkish, turning the curve flattening trade into a hot bet.

Bangkok Post

JustCo to open 4 new co-working spaces

JustCo, an operator of co-working spaces, is developing its presence in Asia-Pacific with four new centres in Thailand, Japan and Singapore.

Bangkok Post

Albanese government urged to keep focus on human rights as it rebuilds relationships in Asia

Thawing diplomatic relations with China shouldn’t mean ‘taking a backwards step with Beijing’, Human Rights Watch says

The Guardian - AU

India a global security power: U.S. top diplomat

‘I spoke to the Congress yesterday [June 8], and they want to talk about the India relationship because they see this is the anchor in the Indo Pacific. This is the way that we guarantee security, not only for Asia, but for the United States and for the rest of…

The Hindu

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Liverpool Echo

'Symbol of equality, inclusion and diversity' makes city pit stop on world tour

The container, which has already been around Asia and Europe, is now continuing its tour across the UK

Reuters

Thailand edges closer to legalising same-sex unions

Lawmakers in Thailand on Wednesday passed at first reading four different bills on same-sex unions, moving a step closer towards becoming the second territory in Asia to legalise same-gender marriages.

Bangkok Post

Asian air travel set for 'V-shaped' recovery: AirAsia

Air travel in Asia is set to make a "V-shaped comeback", budget carrier AirAsia's parent company said Wednesday, as countries ease tough coronavirus curbs that have hammered the industry.

The Independent UK

Japan, Australia to expand defense ties for regional order

Japan and Australia’s defense ministers have vowed to step up their ties to support democratic values in the Indo-Pacific region and agreed to work more closely with Southeast Asia and the Pacific island nations where China is seeking to expand its influence

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Reuters

Australia wants 'broad, deep' security ties with Japan, minister says

Australia wants "broad and deep" cooperation with Japan as the two U.S. allies face complex security circumstances in Asia as a result of Russia's invasion of Ukraine, rising inflation and COVID-19 disruption, its defence minister said on Wednesday.

Bangkok Post

Looming debt crunch positions Laos as next possible Asia default

Laos, with dwindling cash reserves and surging inflation, is facing some of the same strains that pushed Sri Lanka to default and threatens Pakistan’s balance of payments.

The Hindu

Start-up ecosystem: Kerala ranks top in Asia in global report

State improves global ranking from 20th to fourth

The Times of India

Tata airlines' consolidation begins: CCI approves Air India acquiring entire stake in AirAsia India

NEW DELHI: Paving way for consolidation among the four Tata Group airlines, the Competition Commission of India (CCI) approved acquisition of entire shareholding in Air Asia India by Air India.

Benzinga

Sequoia Capital Closes Largest India and Southeast Asia Dedicated Fund: Reuters

As Sequoia Capital looks beyond current investment weakness in new companies in Asia, it has raised $2.85 billion to fund Indian and Southeast Asian startups.

Asharq Al-Awsat

Asian Stocks Sink again as Inflation Panic Grips World Markets

Equity markets tumbled again Tuesday to extend a global rout fueled by fears of recession, with the Federal Reserve preparing to ramp up interest rates as inflation shows no sign of slowing. Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest…

The Independent UK

Asian benchmarks decline after bear market hits Wall Street

Asian shares fell across the board after Wall Street tumbled into what’s called a bear market, indicating that major U.S. benchmarks and individual stocks have fallen 20% or more from a recent high for a sustained period of time

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