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The Latest Breaking News from Asia

Spain heatwave: Mercury could hit 42C as parts of US, Europe and Asia swelter

Forecasters said the ‘exceptionally high’ temperatures are being caused by a plume of hot air from the African continent

Evening Standard

Biden touts closer Asian ties on Korea visit

SEOUL: President Joe Biden arrived in South Korea Friday, his first Asia trip as US leader, aiming to cement ties with regional security allies despite growing fears of a North Korean nuclear test.

Bangkok Post

Biden calls for U.S., partners to invest in each other

The future will be written in the Indo-Pacific and now is the time for the United States and like-minded partners to invest in each other, U.S. President Joe Biden said on Friday after arriving in South Korea on the first leg of a six-day trip in Asia.

Reuters

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Chinese military exercises in South China Sea coincide with Joe Biden's first East Asia visit

China is holding military exercises in the disputed South China Sea coinciding with US President Joe Biden's visits to South Korea and Japan that are largely focused on countering the perceived threat from Beijing.

ABC News

As Biden Visits Asia, China Launches South China Sea Drills

China is holding military exercises in the disputed South China Sea coinciding with US President Joe Biden’s visits to South Korea and Japan that are largely focused on countering the perceived threat from Beijing. The Maritime Safety Administration office in the southern island province of Hainan said the drills began…

Asharq Al-Awsat

More Russian Oil Going East Squeezes Iranian Crude Sales to China

Iran's crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favored heavily discounted Russian barrels, leaving almost 40 million barrels of Iranian oil stored on tankers at sea in Asia and seeking buyers. US and European sanctions imposed over Moscow's invasion of Ukraine…

Asharq Al-Awsat

Biden arrives in South Korea for talks with President Yoon

U.S. President Joe Biden arrived in South Korea on Friday, the first leg of his first trip to Asia as president.

Reuters

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Biden to Highlight US Chip Production — in South Korea

President Joe Biden will open his trip to Asia with a focus on the US tech sector, touring a Samsung computer chip plant on Friday that will serve as model for a $17 billion semiconductor factory that the Korean electronics company is building outside Austin, Texas. The visit is also…

Asharq Al-Awsat

Biden begins Asia tour aimed at boosting Indo-Pacific ties

US president visits South Korea, Japan to strengthen Indo-Pacific alliances amid China’s rise and Russia-Ukraine war.

Al Jazeera

As Biden visits Asia, China launches South China Sea drills

China is holding military exercises in the disputed South China Sea coinciding with U.S. President Joe Biden's visit to South Korea and Japan

The Independent UK

‘Difficult to believe’: Biden’s economy plan a tough sell in Asia

US president’s arrival in Seoul will mark start of effort to promote new Indo-Pacific Economic Framework in region.

Al Jazeera

Biden to highlight U.S. chip production — in South Korea

President Joe Biden will open his trip to Asia with a focus on the U.S. tech sector

The Independent UK

China becomes wild card in Sri Lanka's debt crisis

China says its initiative to build ports and other infrastructure across Asia and Africa, paid for with Chinese loans, will boost trade

The Independent UK

Biden in Asia: New friends, old tensions, storms at home

President Joe Biden hopes to use his visit to Asia to confirm his belief that long-standing friendships can afford to become even friendlier — and pay dividends

The Independent UK

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The Independent UK

AP Week in Pictures: Asia

May 13-19, 2022

Reuters

First stop Samsung: Biden touts S.Korean role in securing global supply chains

Joe Biden's first stop on his inaugural trip to Asia as U.S. president on Friday was a massive Samsung Electronics semiconductor plant, underscoring a message of economic security with an eye on China and the war in Ukraine.

The Independent UK

White House says North Korea planning nuclear or ICBM test around Biden visit

US intelligence estimates Kim Jong-un will display latest arms technology as Biden visits region

Benzinga

Nomura Forays Into Metaverse To Tap Opportunities That Could Reach $600B By End Of Decade

Japan's leading brokerage Nomura Holdings Inc (NYSE:NMR), built a team to help firms tap opportunities in the metaverse, Bloomberg reports. Nomura joins rival Wall Street giants in exploring opportunities in the virtual reality market that could reach $600 billion by the end of the decade, Bloomberg wrote. Nomura's plans for the metaverse are…

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The Independent UK

East Timor celebrates independence anniversary, new leader

Former East Timor independence fighter and Nobel Peace Prize laureate Jose Ramos-Horta is being sworn in as president of Asia’s youngest country as it marks its 20th anniversary of independence

WEKU

How the war in Ukraine is challenging the long-sought pivot to Asia

President Biden is traveling to Japan and South Korea this week — his first trip to Asia since taking office. Like presidents before him, he's seeking to reorient U.S. foreign policy toward Asia.

Bangkok Post

Philippines raises rate for first time since 2018

The Philippine central bank raised its key interest rate for the first time since 2018 to combat Southeast Asia’s second-fastest inflation.

The Independent UK

Asian shares track Wall Street's inflation-fueled retreat

Shares are sharply lower in Asia after a broad retreat on Wall Street

The Independent UK

Biden has an eye on China as he heads to South Korea, Japan

President Joe Biden's six-day trip to South Korea and Japan aims to build rapport with the Asian nations’ leaders

Reuters

Biden visits Japan, South Korea carrying warning to China

Joe Biden will visit Japan and South Korea on his first Asian trip as U.S. president, carrying a clear message to China, advisers and analysts say - don't try what Russia did in Ukraine anywhere in Asia, and especially not in Taiwan.

Tribune News Service

Stocks set to sink as bonds jump on growth fears: Markets wrap

A slump in stocks is set to continue in Asia on Thursday after mounting fears of an economic downturn hit US shares and spurred a flight to havens including Treasuries and the dollar.

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