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The Latest Breaking News from Asia

Oatly Group Reports Mixed Q1 Earnings; Reiterates FY22 Outlook

Oatly Group AB (NASDAQ:OTLY) reported first-quarter FY22 sales growth of 18.6% year-on-year to $166.19 million, beating the consensus of $161.78 million. Revenue in the Americas jumped 40.3% Y/Y to $47 million, EMEA rose 10.9% to $90.5 million, and Asia grew 15.3% to $28.7 million. Gross margin contracted by 2,040 basis points to 9.5%,…

Benzinga

Pfizer opens global drug development centre on IIT-M Research Park campus

This is the company’s first such facility in Asia

The Hindu

Tupperware Shares Plunge On Q1 Miss, Underperformance Across All Segments

Tupperware Brands Corp (NYSE:TUP) reported a first-quarter FY22 sales decline of 16% year-on-year to $348.1 million, missing the consensus of $356.8 million. Net sales were down in all segments, with the decrease primarily driven by lower recruiting and overall sales force activity, due to the Russia/Ukraine conflict and lockdowns caused by the Omicron…

Benzinga

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‘Extreme heat can be deadly:’ how cricket is handling the climate crisis

A heatwave in southern Asia is prompting questions about the game’s future, a discussion which cricketers can help with their influence

The Guardian - UK

Asian shares slip ahead of Fed interest rate decision

Shares are mostly lower in Asia, with markets in China, Japan and some other markets still closed for holidays

The Independent UK

Why Waters Corp Shares Are Surging Today

Waters Corp (NYSE:WAT) reported first-quarter FY22 revenue growth of 16% year-on-year in CC to $690.6 million, above the consensus of $632.8 million. Sales into the pharmaceutical market increased 19% in CC, sales into the industrial market increased 17% in CC, and sales into the academic and government markets increased 4% in CC. Recurring…

Benzinga

Cosmetics Maker Estee Lauder Reports Mixed Q3 Results; Cuts FY22 Outlook

Estee Lauder Companies Inc (NYSE:EL) reported third-quarter FY22 sales growth of 9.99% year-on-year to $4.25 billion, missing the consensus of $4.31 billion. Organic net sales increased 9%. Sales in the Americas increased 15% Y/Y, Europe, Middle East & Africa rose 17%, and Asia/Pacific fell 4%. Net sales from Skin Care rose 6%, Makeup…

Benzinga

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Lear Q1 Earnings Top Estimates; Cuts FY22 Outlook

Lear Corp (NYSE:LEA) reported a first-quarter FY22 sales decline of 3% year-on-year to $5.21 billion, beating the consensus of $5.04 billion. Global vehicle production decreased 4% Y/Y, with North America down 2%, Europe shedding 18%, and China climbing 8%. Net sales from North America rose 9.3% Y/Y, Europe and Africa fell 13.8%, Asia…

Benzinga

Hong Kong plunges to 148th in world press freedom rankings

Asia’s one-time bastion of free speech has been battered by national security legislation, says media watchdog.

Al Jazeera

Musk’s Twitter: Tweet Freedom for Asia?

Japan is the platform’s second biggest market with around 55 million accounts, followed by India.

The News Lens

Netflix, Amazon Prime and Disney Plus: Every Asian movie and TV show coming to streaming services in May

Films include ‘Thar’, starring Bollywood actors Anil Kapoor and Harshvardhan Kapoor

The Independent UK

Elon Musk's grand vision for Twitter faces reality check in Asia

SAN FRANCISCO: For all the furor about which way Elon Musk might tilt US political discourse after getting the keys to Twitter Inc, his biggest challenges may emerge across the Pacific.

The Times of India

Musk’s grand vision for Twitter faces reality check in Asia

For all the furor about which way Elon Musk might tilt U.S. political discourse after getting the keys to Twitter Inc., his biggest challenges may emerge across the Pacific.

Tribune News Service

Markets continue to fall for 2nd day; Sensex declines 85 points

Titan, Wipro, Tech Mahindra, Infosys, Maruti, Asian Paints, Larsen & Toubro, and SBI were among the major laggards, and NSE Nifty declining by 33.45 points or 0.20% to close at 17,069.10

The Hindu

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Reuters

Ukraine may lose tens of millions of tonnes of grain - Zelenskiy

Ukraine could lose tens of millions of tonnes of grain due to Russia's blockade of its Black Sea ports, triggering a food crisis that will affect Europe, Asia and Africa, President Volodymyr Zelenskiy said on Monday.

Asharq Al-Awsat

Oil Falls on China Growth Concerns Even as EU Weighs Russia Import Ban

Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about slowing economic growth in China, the world's top oil importer, outweighed fears of potential supply disruptions from a looming European Union ban on Russian crude. Brent crude futures fell $1.21, or 1.1%, to $105.93 a barrel at…

Axios

The 1898 moment: How one Asian American transformed the U.S.

The Wong Kim Ark case affirmed that American-born people of Asian descent were U.S. citizens.

RideApart

KTM Also Wants To Find Talent In Asia From Its Riders Academy

Certified instructors are ready to teach riders in the Philippines, Thailand, South Korea, and Malaysia with the goal of finding and developing talent.

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The Hindu

Climate change may increase risk of new infections

African, Asian nations face the greatest threat of increased virus exposure from animals to humans

Bangkok Post

At land or sea, decent work is a right

On International Workers' Day, which occurs tomorrow, the world commemorates the historic struggle for an eight-hour workday, a critical milestone in the journey towards greater social justice for workers. Here in this part of the world, the Asia-Pacific region has often been a leader in the fight for better working…

The Guardian - UK

HSBC faces pressure to split after push from one of its largest shareholders

Chinese insurer Ping An discusses listing bank’s Asian operations separately in Hong Kong

Nottingham Post

Warning over killer Asian hornets set to arrive in UK

The insects were spotted on the Channel Islands

Bangkok Post

Musk's Twitter deal stirs fears of abuse in Asia, Middle East

Elon Musk's plan to acquire Twitter has alarmed human rights activists in Asia and the Middle East, where social media platforms have been accused of inciting violence.

The Guardian - AU

China says Nato has ‘messed up Europe’ and warns over role in Asia-Pacific

In response to British foreign secretary’s warning that Beijing must ‘play by the rules’, ministry of foreign affairs says Nato is stirring conflict

The Independent UK

AP Week in Pictures: Asia

April 22-28, 2022

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