July 3 (UPI) — The Pentagon announced Wednesday it will deploy dozens of advanced fighter jets to multiple bases in Japan as part of a modernization plan amid growing tensions with China, North Korea and Russia. The Defense Department said in a statement that 36 F-15EX Eagles will be deployed to the Kadena Air Base […]
By Chayut Setboonsarng RAYONG, Thailand (Reuters) -China’s BYD opened an electric vehicle plant in Thailand on Thursday, the auto maker’s first factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player. “Thailand has a clear EV vision and is entering a new era of auto manufacturing,” BYD CEO and […]
MUMBAI (Reuters) – The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform by 2026, the Bank of International Settlements (BIS) said on Monday. BIS, dubbed the central bankers’ central bank, said it aims to link each country’s instant digital payment system — […]
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were subdued on Monday as traders pondered the U.S rates outlook, while the euro rose after the first-round voting in France’s shock snap election was won by the far-right, albeit with a smaller share than some polls had projected. The shock vote has unsettled markets as the far-right, […]
Alibaba Group Holding‘s cloud computing unit plans to shut down its data centres in Australia and India, as the company prioritises infrastructure spending in other markets. Citing the move as part of its “infrastructure strategy update”, Alibaba Cloud said the decision was made after a “careful assessment” amid new efforts to “expand investment in Southeast […]
The world’s largest capital cities are seeing more extremely hot days than ever, according to a new study, which says the dangerous trend is being driven by scorching temperatures across Asia as the climate crisis worsens. The world’s 20 most populous cities – together home to more than 300 million people – have seen a […]
HANOI (Reuters) – U.S. Assistant Secretary of State for East Asia and Pacific Affairs Daniel Kritenbrink on Saturday said the situation in the South China Sea is deeply concerning, and said China’s recent actions in the disputed waterway were “deeply destabilising”. Kritenbrink made the comments during a visit to Hanoi, amid rising tension between China […]
Russian president Vladimir Putin has signed a series of deals with his Vietnamese counterpart To Lam during a state visit that comes as Moscow is seeking to bolster ties in Asia to offset growing international isolation over its military actions in Ukraine. The two signed agreements to further co-operation on education, science and technology, oil […]
German Economy Minister Robert Habeck set off on a trip to East Asia on Wednesday, with stopovers planned in South Korea and China. Ahead of his departure, Habeck said that relations between China and Germany had become “significantly more complex,” referring to trade disputes such as the European Union’s threat to impose punitive tariffs on […]
Anyone not living under a proverbial rock has heard of — and likely uses — Amazon.com (AMZN) and PayPal (PYPL). While new issue Kaspi.kz (KSPI) doesn’t command such household-name status in the U.S., the Kazakhstan-based player in the payment processing and “buy now, pay later” space is growing rapidly across Central Asia. X In each […]
Detpak, a South Australian packaging solutions company, is expanding its Eco-Products range into South East Asian and Middle Eastern markets. This move introduces the largest selection of compostable and no-added per- and polyfluoroalkyl substances (PFAS) products by the brand to these regions. The Eco-Products from the Detpak range were previously available only in Australia and […]
Germany’s Vice-Chancellor Robert Habeck sets off on a trip to East Asia on Wednesday. His first destination is South Korea, where the Economy Minister wants to meet representatives from politics and business. The Green politician will be accompanied by a business delegation and members of the Bundestag. The Ministry of Economic Affairs says South Korea […]