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The Latest Breaking News from Asia

Sri Lanka is the first domino to fall in the face of a global debt crisis

The south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the last

The Guardian - UK

Thailand Giving Away A Million Cannabis Plants, Public Health Minister: Cultivate As Many As You Wish At Home

After Thailand became the first Southeast Asian country to legalize medical cannabis in 2018, this January it became the first in Asia to legally allow marijuana. Under the new regulation, which officially takes action on June 9th, its residents are allowed to cultivate cannabis for personal use.

Benzinga

Sri Lanka leader’s brother quits as PM in escalating crisis

The brother of Sri Lankan President Gotabaya Rajapaksa resigned as premier on Monday as weekslong protests over Asia’s fastest inflation turned violent, prompting the government to impose a curfew and call in the army.

Tribune News Service

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Laos reopens to tourists and other visitors from abroad

The landlocked Southeast Asian nation of Laos has reopened to tourists and other visitors more than two years after it imposed tight restrictions to fight the coronavirus

The Independent UK

Saudi Arabia Cuts Oil Prices to Asia by More than 50%

Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine war drags on. Aramco is expected to cut the official selling price (OSP) for flagship Arab Light crude to Asia in June by more than…

Asharq Al-Awsat

Labor signals more aid to south-east Asia and accuses Scott Morrison of ‘bullying behaviour’ towards Pacific

Shadow minister Pat Conroy says the Coalition’s cuts in aid to Indonesia were ‘shortsighted’

The Guardian - AU

Australia looks to fill Asia’s energy gap amid Ukraine crisis

Australia is seeing increased demand for its liquefied natural gas and coal as war and sanctions upend energy supplies.

Al Jazeera

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Lex in depth: why the luxury market needs to hedge against China

A shift in spending habits in Asia and a crackdown on wealth by Beijing threaten a profit squeeze for high-end brands

Financial Times

Southeast Asia stock markets stand out as geopolitical heaven for investors

Fed hikes, decades-high inflation and Covid lockdowns in China are only adding to investor bets that Southeast Asia’s stock markets may be one of the best places to park their money right now.

Bangkok Post

From India’s highs to Thailand’s lows, Asia’s weather is hitting extremes

Analysis: As the heatwave in India and Pakistan starts to intensify again, Thailand and China are recording strangely cold May days

The Guardian - UK

Aaron Evans and Jacynta Galabadaarachchi find football success after moving abroad as teens, despite struggles

Two-hundred Australians ply their trade in football leagues around the world. Many are not household names. And a few find success.

ABC News

Tesla's India Team Shifts Focus To Wider APAC Region Amid Regulatory Woes

Tesla Inc (NASDAQ: TSLA) may now be headed to the larger Asia-Pacific (APAC) market as it continues to face regulatory challenges in India, according to an Economic Times

Benzinga

Cambodia hosts meeting on humanitarian assistance to Myanmar

The Association of Southeast Asian Nations has convened a meeting in the Cambodian capital, Phnom Penh, in an effort to organize humanitarian assistance for strife-torn Myanmar

The Independent UK

US set to boost civil society and media in Asia Pacific to counter China's influence

The United States' foreign aid agency flags it will pump more resources into civil society and free media throughout Asia and the Pacific as it intensifies efforts to push back against China's influence across the globe.

ABC News

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The Conversation

Japan’s path to becoming a leader in Western science: an Asian perspective on science and other forms of knowledge

Several well-intentioned efforts seek to incorporate mātauranga Māori (Māori knowledge) into science in New Zealand. These include a pilot National Certificate in Educational Achievement (NCEA) programme in biology and chemistry which places mātauranga Māori concepts on an equal footing with science. Other proposals aim to do the same for university…

The Independent UK

AP Week in Pictures: Asia

April 29-May 5, 2022

Foreign Affairs

The Trouble With “the Free World”

Why It’s a Bad Idea to Revive a Cold War Concept

Benzinga

Aptiv Q1 Earnings Top Estimates

Aptiv PLC (NYSE:APTV) reported first-quarter FY22 sales growth of 4% year-on-year to $4.18 billion, beating the consensus of $4.04 billion. Revenue rose 4% adjusted for currency exchange and commodity movements. Revenue in North America rose 7%, South America increased 24%, Europe fell 5%, and Asia increased 9%, which includes growth of 14% in…

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The Guardian - UK

Japanese premier warns of Ukraine-style invasion by ‘autocratic powers’

Kishida also promised increased reliance upon nuclear power for future energy independence

Benzinga

Ingredion Clocks 17% Top-Line Growth Amid Inflationary Pressures

Ingredion Inc (NYSE:INGR) reported first-quarter FY22 sales growth of 17% year-on-year to $1.89 billion, beating the consensus of $1.77 billion. Sales in North America increased 24% Y/Y to $1.2 billion, South America fell 8% to $252 million, Asia-Pacific grew 16% to $272 million, and EMEA climbed 20% to $194 million. The gross profit…

Benzinga

Jazz Pharma, Sumitomo Pharma Ink Licensing Pact For Sleeping Disorder Candidate

Jazz Pharmaceuticals plc (NASDAQ:JAZZ) has acquired development and commercialization rights in the U.S., Europe, and other territories for Sumitomo Pharma's investigational DSP-0187. DSP-0187 is a potent, highly selective oral orexin-2 receptor agonist with potential application for treating narcolepsy, idiopathic hypersomnia, and other sleep disorders. Jazz has designated this molecule JZP441. Sumitomo Pharma initiated a Phase…

The Independent UK

UK and Japan agree defence deal as Johnson warns of ‘autocratic powers’ threat

Downing Street said the accord will allow the two countries’ forces to deploy together for training, joint exercises and disaster relief.

Wales Online

The little Swansea Asian restaurant that's miles better than Wagamama

I checked out this little place you might have walked past several times and missed, called Muswanna - it may not have the queues attracted by Wagamama but it definitely deserves them!

Bangkok Post

Asian, European markets rise as US Fed eases fears of huge rate hike

Markets rallied Thursday after the US Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia.

Al Jazeera

Asian shares rise as US Federal Reserve strikes less hawkish tone

Rally comes after Fed Chair Jerome Powell says central bank not “actively considering” 0.75 percentage point increase.

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