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The Latest Breaking News from Asia

‘Worse Than MAGA’ – South Korea Erupts Over Biden’s Trade Policy

The U.S. is offering tax credits of up to $7,500 to buyers of electric vehicles assembled in North America, making those manufactured overseas more expensive.

The News Lens

Asian shares mixed after wobbly gains on Wall St

Asian shares are mixed after modest gains on Wall Street

The Independent UK

China, Russia, Central Asia leaders hold security summit

Chinese President Xi Jinping, Russia’s Vladimir Putin and leaders from India and Central Asian nations are headed to Uzbekistan for a summit of a security group seen by Beijing and Moscow as a counterweight to U.S. influence

The Independent UK

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Xi says China is ready to work with Russia as global 'great powers'

Chinese President Xi Jinping told his Russian counterpart Vladimir Putin on Thursday that Beijing was willing to work with Moscow as "great powers" during his first trip overseas since the early days of the pandemic.

France 24

PTTGC banks on recycled plastic plant

PTT Global Chemical Plc (PTTGC) has opened Southeast Asia’s largest plant producing high-quality and food-grade recycled plastic resins, aiming to recycle 60,000 tonnes of used plastics annually.

Bangkok Post

Asian shares extend global rout, yen perks up on intervention hints

SYDNEY: Asian stocks tumbled on Wednesday as US data dashed hopes for an immediate peak in inflation, although the dollar paused its relentless run against the yen as Japan gave its strongest signal yet it was unhappy with the currency's sharp declines.

Bangkok Post

Young Socceroos back in Asian Cup

The Young Socceroos are back in the Asian Cup qualifiers after organisers shifted games from Iraq.

AAP

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PTTGC launches Thailand's first food-grade recycled plastic resin plant

PTT Global Chemical Plc (PTTGC), a petrochemical flagship of PTT Group, has opened Thailand’s first and Southeast Asia’s largest high-quality and food-grade recycled plastic resin plant, aiming to process 60,000 tonnes per year.

Bangkok Post

The Whitewash is a scathing, hilarious satire of Asian misrepresentation in Hollywood

Siang Lu’s debut novel The Whitewash is a scathing satire of the big-budget film industry’s ethnic and racial myopia. Original, critical and hilarious, the book is a product of the Glendower Award for an Emerging Queensland Writer, which this manuscript won in 2021.

The Conversation

AirAsia X set to ramp up cargo services

AirAsia X plans to ramp up its cargo service to increase its revenue contribution to 20-25%, from single digits, in addition to synergising passenger routes with airlines in its group to improve efficiency as airfares rise.

Bangkok Post

Kazakhstan to change name of capital from Nur-sultan back to Astana

The capital of the central Asian country was renamed Nur-sultan in 2019 in honour of outgoing president Nursultan Nazarbayev

The Guardian - AU

Depleting reserves spell risks for emerging Asian currencies

Emerging Asian central banks have seen a sharp depletion in their foreign-exchange reserves, stoking concerns it may crimp market interventions to curb currency losses in the face of the mighty dollar.

Bangkok Post

US invites Mexico to join semiconductor production effort

A high-level United States delegation invited Mexico to participate in a push to shift semiconductor production from Asia to North America and expand production of electric vehicles

The Independent UK

As Pakistan floods and India curbs rice exports, Africa braces for high prices

The devastating floods in Pakistan, which plunged great swaths of agricultural land under water – coupled with India's decision to curb its rice exports – risk exacerbating food insecurity in the African countries most dependent on imports from Asia.

France 24

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Dublin Live

Daniel Kinahan flees Dubai bolthole and searches for safe-haven in Asia

Investigators believe the 45-year-old escaped using a false passport

The Independent UK

Asian shares rise on back of Wall Street rally

Shares are higher in Asia after last week's strong close on Wall Street, the first weekly gain in four weeks

Chicago Sun-Times

Queen’s death brings conflicted emotions in former colonies: ‘I cannot mourn’

Beyond official condolences praising the queen’s longevity and service, there is some bitterness about the past in Africa, Asia, the Caribbean and elsewhere.

Asharq Al-Awsat

Xi to Meet Putin in First Trip outside China Since COVID Began

Xi Jinping will leave China for the first time in more than two years for a trip this week to Central Asia where he will meet Russia's Vladimir Putin, just a month before he is set to cement his place as the most powerful Chinese leader since Mao Zedong. The…

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Reuters

Xi to meet Putin in first trip outside China since COVID began

Asharq Al-Awsat

‘I Cannot Mourn’: Former Colonies Conflicted over the Queen

Upon taking the throne in 1952, Queen Elizabeth II inherited millions of subjects around the world, many of them unwilling. Today, in the British Empire's former colonies, her death brings complicated feelings, including anger. Beyond official condolences praising the queen’s longevity and service, there is some bitterness about the past…

The Guardian - US

Whiskey, Kobe beef and suckling pig: inside the ‘Fat Leonard’ navy bribery scandal

Leonard Francis, who pleaded guilty to fraud, is on the run, leaving questions about the role of military contractors in his wake

The Guardian - UK

‘A leader of the world’: south-east Asian countries open to Putin pivot

Only Singapore has imposed sanctions, while others have been receptive to Moscow’s offers of friendship

Asharq Al-Awsat

Asian Markets Rally, Dollar Dips as Traders Price in Policy Tightening

Asian markets rallied Friday following a healthy performance on Wall Street, with investors largely pricing in more interest rate hikes aimed at taming runaway inflation. The more confident mood was reflected in a dip in the dollar, which has surged in recent weeks to multi-decade highs against its major peers…

The Independent UK

Asian shares rise after Wall Street rise, Fed Chair comments

Asian benchmarks are rising, cheered by gains on Wall Street as comments from the Federal Reserve chairman assured markets on the expected rate rise

The Independent UK

AP Week in Pictures: Asia

Sept. 2-8, 2022

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