The Latest Breaking News from Asia

COLOMBO: Sri Lankan President Gotabaya Rajapaksa is under pressure to step down as citizens hit the streets daily to demand accountability for decisions that have led to Asia’s fastest inflation, widespread power outages and shortages of food and fuel.

Over two years after the coronavirus emerged, countries across Asia are slowly beginning to recover. In Southeast Asia, economic growth is projected to pick up to 5.1% this year, from 3.2% in 2021. With 400 million people, or 59% of the population, fully vaccinated, many economies are well on the…

Taiwan Semiconductor Manufacturing Co Ltd's (NYSE:TSM) first-quarter FY22 revenue jumped 36% to NT$491.1 billion ($17 billion). Higher demand for smartphones, computers, and car chips and the ongoing semiconductor crisis helped boost prices, Bloomberg reports. TSMC kept production running in China, even as many other factories struggled to cope with the local pandemic policy. Also…

The U.S. Treasury has extended sanctions to Russian diamond miner Alrosa PJSC, potentially cutting off about 30% of the world’s supply of rough stones, writes Bloomberg. According to a license from the U.S. Office of Foreign Assets Control, clients of Alrosa and other counterparties must stop all dealings with the miner by…

China lashed out at House Speaker Nancy Pelosi for reportedly planning a landmark trip to Taiwan that’s been delayed because she has COVID-19, setting up a showdown when her visit to Asia is rescheduled.

April 1-7, 2022

Karat Packaging Inc (NASDAQ:KRT) has entered a definitive joint venture agreement with Happiness Moon Co. Ltd. to establish a new corporation, Green Earth Technology, to build a new 180,000 square-foot factory in Taiwan. Karat will hold a 49% interest in Green Earth, with an initial investment of ~$6 million. The new facility will…

LOS ANGELES — Becky Chen decided it was finally time to talk to her mother about racism.

His Knight Rider-sampling dancefloor banger put dhol drums into hip-hop and Asian beats on the BBC. Now 49, the star takes us back to ‘his own little lab’ in Coventry