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The Latest Breaking News from Asia

U.S. to send officials to Solomon Islands due to tensions over China security pact - FT

The White House’s top Asia official is set to travel to the Solomon Islands in a rare high-level visit that underscores alarm in Washington over the Pacific nation’s security pact with China, the Financial Times reported on Friday.

Reuters

TSMC Scores In Q1 Thanks To Apple, Samsung

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…

Benzinga

US Sanctions Russian State-Controlled Diamond Miner That Controls 30% Of Global Supply: Bloomberg

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…

Benzinga

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China rips Pelosi over reported Taiwan trip, setting up showdown

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.

Tribune News Service

AP Week in Pictures: Asia

April 1-7, 2022

The Independent UK

Karat Packaging Forms JV To Build New Factory In Taiwan

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…

Benzinga

Asian Americans are having ‘the talk’ about racism for the first time — with their parents

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

Los Angeles Times

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Look back in bhangra: Panjabi MC on becoming a pop icon

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

The Guardian - UK

China accuses US, UK and Australia of trying to build Asia-Pacific NATO

China says the recently created AUKUS security alliance and its pursuit of hypersonic weapons risks undermining peace and stability in the Asia-Pacific.

ABC News

Russia-Ukraine war to slow 2022 growth in developing Asia

MANILA: Growth in developing Asia will likely be slower this year than previously thought, the Asian Development Bank (ADB) said on Wednesday, as the war in Ukraine is expected to derail economic recovery in the region still reeling from the Covid-19 pandemic.

Bangkok Post

Asia set for strong growth despite Ukraine risks: ADB

Manila-based bank forecasts region’s developing economies to grow 5.2 percent in 2022 and 5.3 percent in 2023.

Al Jazeera

Youth Politics in East And Southeast Asia

Traditional parties are up against an unstoppable force of young activists set to shape democracy in the region.

The News Lens

Ukraine invasion will lower economic growth in Asia and Pacific, World Bank warns

The expected growth for the region is likely to expand 5.0 per cent

The Independent UK

In Economist’s fantasyland, India’s nuclear-powered subs are just ‘prestige military toys’

In January, there was a question in the second general studies paper of the civil services (main) examination in India that might interest the Economist, particularly its Asia section. A 15-mark question asked the candidates to analyse whether the newly formed AUKUS (Australia-United Kingdom-United States) partnership was going to supersede…

Newslaundry

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Benzinga

CBD of Denver Expands Internationally Via Acquisition Of Cannabis E-Commerce Distribution Platform & Tech Co.

CBD of Denver, Inc. (OTC: CBDD) has signed an agreement to acquire 100% of Mellow, a CBD ecommerce distribution platform and technology company, with capabilities in the UK, Europe, and Asia, for an undisclosed sum.

Birmingham Post

Mid-Wales life sciences manufacturer eyes Middle East and South Asia in ambitious expansion plans

CellPath has invested £2m in a new international distribution warehouse at its headquarters in Newtown to fulfil increased orders overseas

Asharq Al-Awsat

Saudi Aramco Raises Asia Official Selling Price

Saudi Aramco raised its May official selling price (OSP) to Asia for its flagship Arab Light crude to $9.35 a barrel above Oman/Dubai crude, its highest premium ever. Oil jumped more than 3 percent on Monday to $108 a barrel as the release of strategic reserves by consuming nations failed…

The Independent UK

Oil prices, Asian shares gain after tech rally on Wall St

Shares have edged higher in Asia and oil prices are also higher after a tech-driven rally on Wall Street

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The Guardian - UK

Ukraine war to slow growth and drive up poverty in Asia, World Bank warns

Conflict adds strain to developing economies in east Asia and Pacific already struggling with Covid and inflation

Al Jazeera

World Bank cuts Asia’s 2022 growth outlook on Ukraine war

Washington-based lender forecasts five percent growth for the region this year, down from 5.4 percent in October.

The Hindu

World Bank projects war shocks to drag on Asian economies

Russia’s invasion of Ukraine has driven up prices for oil, gas and other commodities, eating into household purchasing power and burdening businesses and governments that already are contending with high debt due to the pandemic

The Independent UK

World Bank says war shocks to drag on Asian economies

A report by the World Bank says disruptions to supplies of commodities, financial strains and higher prices are among the shocks from the war in Ukraine that will slow economies in Asia in coming months

Bangkok Post

TAT teams up with Thai AirAsia in push for tours

The Tourism Authority of Thailand (TAT) aims to attract 1.75 million tourists from short-haul markets this year as more countries reopen, and will partner with Thai AirAsia (TAA) to bring in at least 18,000 package tours over the next few months.

The Hindu

ITF advances Davis Cup tie in September to avoid clash with Asian Games: AITA

The Davis Cup tie between India and Norway and that of nine other Asia nations, will now be held on September 14-15 while the ATF itself rescheduled the tennis event at Asian Games to September 18-24

The Times of India

ITF prepones Davis Cup tie in September to avoid clash with Asian Games: AITA

NEW DELHI: India will be able to field its best players at both Davis Cup and the Asian Games as the ITF has preponed the team-tournament to avoid its clash with the regional showpiece in China, the national federation AITA told PTI on Monday.

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