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The Latest Breaking News from Asia

Half of Affluent Asian Investors Hold Digital Assets: Report

Over half of the affluent investors in Asia (52%) held digital assets like cryptocurrencies, stablecoins, and crypto investment funds in the first quarter of 2022 and the figure could reach 73% by the end of this year, according to a report.

Benzinga

Everyone wants to be at World Cup, Asian Cup first step towards dream: Sandesh Jhingan

KOLKATA: With an eye on the next three matches to secure a spot at the 2023 AFC Asian Cup, Indian National team defender Sandesh Jhingan believes India needs to be a regular in Asia's showpiece football tournament, to achieve the 'ultimate dream' of playing in the FIFA World Cup.

The Times of India

Citi Aggressively Chases Growth In Asia, Especially China Amid Odds

In an interview with Reuters, Citigroup, Inc (NYSE:C) Asia chief shared plans to appoint 3,000 new employees for its Asia institutional business in the next few years. Asia became a battlefield for global banks chasing its vast economies, growing wealth, and relative growth beat most other places. Peter Babej saw the accumulated wealth…

Benzinga

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Japan, NATO step up ties amid Russia's invasion of Ukraine

Japanese and NATO officials have agreed to step up military cooperation and joint exercises as they shared concerns that Russia’s invasion of Ukraine is causing a deterioration of the security environment in Europe and Asia

The Independent UK

Editorial: The West must bridge the global divide over Ukraine

One aspect of the war in Ukraine demands much closer attention — the failure of the U.S. and its rich-country friends to build strong partnerships with the developing world. Many governments in Africa, Latin America and Asia have distanced themselves from the allies’ response to Russia’s aggression. This is helping…

Tribune News Service

Saudi PIF Close to Buying Stake in Starbucks Middle East

The Saudi Public Investment Fund (PIF) has been shortlisted to buy a stake in the Middle East, North Africa, and central Asia Starbucks franchise held by Alshaya Group, revealed sources. The Starbucks franchise has several hundred outlets in 14 countries across the Middle East, Russia, and central Asia. Last year,…

Asharq Al-Awsat

Always want to see India playing at Asian Cup, says 'fan' Sunil Chhetri

Thrilled at the prospect of qualifying for the 2023 Asian Cup in front of the passionate fans at the Salt Lake stadium in Kolkata, which he described as the best in India, Indian national team captain Sunil Chhetri is gearing up to take on Cambodia in their first Group D…

The Times of India

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Singapore’s PM-in-waiting embodies broader shift in finance hub

In Asia’s wealthiest nation, where the education system is among the world’s best, Singapore’s prime minister-in-waiting has appeared surprisingly unassuming.

Bangkok Post

Gurpreet Singh Sandhu, Liston Colaco raring to go

KOLKATA: Gurpreet Singh Sandhu and Liston Colaco represent the old and the new face of Indian national football team as Igor Stimac’s side gets battle-ready for the Asian Cup’s third and final-round qualifiers, starting here on Wednesday.

The Times of India

‘The next parakeet’: Britain’s dawn chorus at risk from Asian songbird

Exclusive: invasive red-billed leiothrix could threaten native bird populations such as robins and blackbirds, researchers warn

The Guardian - UK

Saudi Arabia hikes July crude prices surprisingly high for Asia buyers

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

Reuters

Biden-BTS summit fuels hope

Perhaps Joe Biden's pursuit to engage more with Asia has just started. Just days after a trip to South Korea and Japan late last month, his first visit to Asia as US president, the 79-year-old leader followed up with a message that touched the hearts of millions of Asians, particularly…

Bangkok Post

I see long-term future for Formula E in India: Co-founder Alberto Longo

JAKARTA: Formula E co-founder Alberto Longo sees a long-term future for all-electric world championship race in India and exuded confidence that the bureaucratic hurdles and taxation issues, which had pushed Formula 1 out of the country, won't scuttle their plans since they have done enough "homework" to manage that.

The Times of India

Rockets star Jalen Green to invest in East Asia Super League

Rockets star Jalen Green, whose mother and grandfather are from the Philippines, is expanding his international basketball profile with a new investment in the East Asia Super League.

USA Today Sports Media Group

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The Times of India

Mukesh Ambani regains spot as Asia's richest, surpasses Gautam Adani

NEW DELHI: The battle between two of India's wealthiest businessmen for Asia's richest spot keeps getting interesting with one pitting the other continuously.

Bangkok Post

The elite of MBA schools evolves a game-changing virtual dimension

As the saying goes, every cloud has a silver lining. One good thing that’s come out of Covid-19 is the fast-forward in digital adoption that, among many other things, is not only democratizing education but making it more malleable and convenient.

The Guardian - UK

Satellite imagery shows air pollution rise in tropical ‘megacities’

A new study uses satellites to measure pollution in African and Asian cities where there is little on-the-ground data collection

The Independent UK

AP Week in Pictures: Asia

May 27-June 2, 2022

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Chronicle Live

There's international golf taking place in the region this week - 5 reasons you should go and watch

The Asian Tour has brought its International Series event to Northumberland this week and admission is free every single day

Benzinga

Rivian Backer Eyes India's Two and Three Wheeler EV Market

Abdul Latif Jameel, an early Rivian Automotive, Inc (NASDAQ:RIVN) backer, committed to investing up to $220 million (₹17 billion) in India's battery-powered two and three-wheeler vehicles through EV maker Greaves Electric Mobility. The Saudi family-owned group will initially pay $150 million (₹11.6 billion) for a 35.8% stake in India's Greaves Cotton Ltd subsidiary to foray…

The Independent UK

Asia shares slide across board amid rate hike, COVID worries

Asian shares are mostly lower, echoing a decline on Wall Street as investors fret about higher interest rates and rising coronavirus cases in parts of the region

Bangkok Post

Cotton rally squeezes Asian garment makers, threatens Covid recovery

MUMBAI/DHAKA: A near doubling in benchmark cotton futures to 11-year highs, hard on the heels of a spike in freight and fuel prices, is clobbering Asian apparel makers while their global retail customers are reluctant to soak up the extra costs.

Benzinga

Farmmi Wins New Export Order

Farmmi Inc (NASDAQ:FAMI) has bagged a sales order for export to Japan. The order is for dried Shiitake mushrooms. The financial terms were not disclosed. "Asia has historically been the world's largest fungi market for both production and consumption," said Chairwoman and CEO Yefang Zhang. Farmmi is an agricultural products supplier, processor, and…

Reuters

U.S., Taiwan to launch trade talks after island excluded from Indo-Pacific group

The United States will launch new trade talks with Taiwan, U.S. officials said on Wednesday, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence.

France 24

Mekong River in jeopardy: Sand-pumping operations ravage ecosystem

The Mekong is one of the largest rivers in the world, beginning in China and flowing through Thailand, Vietnam and Cambodia. Nearly 70 million people in Asia are dependent on its waters for fishing or to irrigate their rice fields. But this watery giant is threatened due to the dredging…

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