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The Latest Breaking News from Asia

Oatly Group Posts Mixed Q4 Results; FY22 Outlook Lags Consensus

Oatly Group AB (NASDAQ:OTLY) reported fourth-quarter FY21 sales growth of 46.3% year-on-year, to $185.93 million, beating the consensus of $174.22 million. Revenue in the Americas jumped 96.5% Y/Y to $55.5 million, EMEA rose 14.1% to $88.9 million, and Asia grew 97.9% to $41.6 million. The gross margin contracted by 1,180 basis points to…

Benzinga

PlantFuel Expands Distribution into East Asia with the Largest E-Commerce Retailer in South Korea Coupang

Plant-based wellness brand PlantFuel continues its global expansion through international distribution partnership with Coupang

Benzinga

Airspace bans: where are they and how are they disrupting travel?

As the UK makes it a criminal offence for Russian aircraft to breach its airspace ban and airlines the world over re-route their Europe to Asia flights, these are the chief effects of the new ‘Cold War of the Skies’

The Independent UK

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Asia braces for growth hit from Ukraine-driven inflation shock

An oil-driven inflation shock triggered by the war in Ukraine is forcing Asia's policymakers to rethink their assumptions for 2022, with the risks of weak growth coupled with surging prices adding unwanted complexity to monetary setting plans.

Bangkok Post

In Thailand, businesses feel economic shock of Ukraine war

Countries across Asia are bracing for rising inflation and supply chain disruptions amid sanctions against Russia.

Al Jazeera

Russian sanctions drive fresh focus on Asia semiconductor reliance

Some lawmakers have sent a letter urging a renewed focus on China — and America’s reliance on semiconductors from Asia.

Axios

South Korean opposition candidate Yoon elected president

South Korea's opposition presidential candidate Yoon Suk-yeol was projected to win Wednesday's election, broadcaster KBS said, with nearly 90% of votes counted, a race that will shape Asia's fourth-largest economy for the next five years.

Reuters

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Virtual job fair targets tech sector

Good news for job seekers wishing to work with top tech companies in Asia. More than 1,000 tech and digital companies are looking for staff at "Asia's Biggest Virtual Career Fair" which is running until Friday.

Bangkok Post

China’s fears of an Indo-Pacific NATO are more myth than reality

China’s concern that the U.S. is seeking to build an “Indo-Pacific version of NATO” has one major problem: A previous effort failed in the 1970s, and most Asian countries haven’t been interested in trying again.

Tribune News Service

Sky Blues primed for continental challenge

Sydney FC are set to face familiar Asian opponents in Korean kings Jeonbuk and the Kevin Muscat-coached Yokohama F. Marinos in the Asian Champions League.

AAP

Huge invasive spiders native to Asia expected to spread along US east coast

Joro spiders will likely survive on the east coast because Japan has a similar climate and is located approximately on the same latitude

The Guardian - US

Asian shares extend losses as oil prices push higher

Asian shares have declined after Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices

The Independent UK

Russia’s Ukraine invasion a threat to world’s ‘breadbasket,’ some prices already surging

It’s threatening the food supply in Africa, Asia and Europe that rely on the vast, fertile farmlands of the Black Sea region and could send more people into poverty.

Chicago Sun-Times

‘We’re traumatised’: Black and Asian students stranded in Sumy with no green corridor

‘So many of us have been crying in our rooms; we just want to go home,’ one student said

The Independent UK

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Asharq Al-Awsat

China Lashes Washington over Quad, North Korea

China’s top diplomat on Monday accused Washington of trying to create an Asian version of the US-European NATO military alliance and said it is up to the Biden administration to improve relations with North Korea. US policy toward East Asia and the Indian Ocean and efforts to strengthen military ties…

The Independent UK

China lashes Washington over Quad, North Korea

China’s top diplomat has accused Washington of trying to create an Asian version of the U.S.-European NATO military alliance and said it is up to the Biden administration to improve relations with North Korea

The Guardian - UK

German chancellor Scholz pushes back against Russian energy import ban, as oil and gas climb – as it happened

Rolling coverage of the latest economic and financial news

AAP

Sydney FC look to ACL for return to form

Steve Corica wants Sydney FC to snap their five-games winless run when they take on Filipino outfit Kaya FC in the Asian Champions League.

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Asharq Al-Awsat

Saudi Arabia Raises April Arab Light Crude Prices to Asia

Saudi Arabia's state oil producer Aramco raised its April official selling price (OSP) for all crude grades it sells to Asia in line with market expectations. The world's top oil exporter raised its April OSP to Asia for its flagship Arab Light crude to $4.95 a barrel versus Oman/Dubai crude,…

Asharq Al-Awsat

Russian War in World’s ‘Breadbasket’ Threatens Food Supply

The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the “breadbasket of the world.” Ukrainian farmers have been forced to neglect their…

The Independent UK

Russian war in world's 'breadbasket' threatens food supply

Benzinga

Netflix Gives Green Light To Three Asia-Pacific Series

Netflix (NASDAQ: NFLX) is expanding its international content line-up with three new series from the Asia-Pacific market.

Caixin Global

China Green Bulletin: China’s Energy Intensity Dropped 3.8% in 2021

BIS to launch Asia green bond fund for central banks, leading lenders disclose details of emission reduction loans

Los Angeles Times

Commentary: The ultimate sanction: Listing Russia as a state sponsor of terrorism

Almost daily since Russia’s invasion of Ukraine last week, the United States and allies in Europe and Asia have been tightening the sanctions vise on Moscow. Yet even devastating blows to the Russian state and its economy did not give President Vladimir Putin pause as he unleashed a brutal overnight…

The Independent UK

Asia’s most ancient stegosaur fossil discovery could be world’s oldest

This clade of dinosaurs might have originated in Asia, say scientists

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