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The Latest Breaking News from Asia

Gautam Adani’s food venture is best performing Asia IPO

NEW DELHI: Adani Wilmar is an outlier among Asia’s newly listed stocks. The food company has almost tripled since its debut while most newcomers are trading under water.

The Times of India

Read How Guess? Fared In Q1

Guess? Inc (NYSE:GES) reported first-quarter FY23 sales growth of 14% year-on-year, to $593.5 million, beating the consensus of $584.39 million. Revenues from Americas Retail increased 7%, Americas Wholesale gained 50%, Europe climbed 14%, and Asia rose 1%. Licensing revenues increased 23%. The gross profit increased 16.8% Y/Y to $247.1 million with a margin…

Benzinga

Food crisis can be contained if Asia remembers not to panic: expert

The world’s food problem is already severe as prices jump and protectionism flares, but a food security expert says there is a good chance governments can stop it from getting way worse if they heed a lesson from the crisis in 2008: do not panic.

Bangkok Post

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India outperforms as visitor forecasts receive upgrades

The forecast for Asia-Pacific tourism has been upgraded thanks to further easing of travel restrictions after an improvement in the viral situation and vaccine coverage across destinations, according to the Pacific Asia Travel Association (Pata).

Bangkok Post

New Zealand’s Ardern urges US to return to regional trade pact

Remarks are latest signal by an Asia-Pacific leader that US President Biden’s engagement with region is falling short.

Al Jazeera

Finlandisation: Asia plays the neutrality card

'Finlandisation" describes the commitment to strategic neutrality that a small country might make, in order to avoid provoking a much larger and more powerful neighbour. The term is derived from Finland's longstanding policy of strict military non-alignment with either the Soviet Union or the West -- a policy that it…

Bangkok Post

Japan Flags 'Grave Concerns' As Russia, China Jets Fly Near Tokyo Amid Quad Meeting

Russian and Chinese jets flew near Tokyo as leaders from the U.S., India, Japan, and Australia met for the Quad bloc summit in Asia.

Benzinga

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Beijing says U.S.-backed Asia plan seeks to 'decouple' countries from China

China's foreign ministry said on Wednesday a U.S.-backed economic plan for Asia seeks to decouple countries from the Chinese economy, but many countries are worried about the "huge cost" of doing so.

Reuters

N. Korea Fires Salvo of Missiles, Including ICBM, Hours after Biden Leaves Asia

North Korea fired three missiles, including one thought to be its largest intercontinental ballistic missile on Wednesday, after US President Joe Biden ended an Asia trip in which he agreed to new measures to deter the nuclear-armed state. South Korea's deputy national security advisor, Kim Tae-hyo, said that the North…

Asharq Al-Awsat

North Korea fires missiles hours after Joe Biden leaves Asia

Biden - who left Japan on Tuesday evening - had been briefed on the launches, the White House said

Evening Standard

North Korea launches three missiles into the sea, including suspected ICBM

North Korea launched three ballistic missiles toward the sea on Wednesday, its neighbors said, hours after President Joe Biden wrapped up his trip to Asia.

WEKU

How will the Labor government shape foreign policy on China?

After years of disputes, we explore whether the change in government will thaw the deep freeze between Australia and China, and how Labor's approach could impact relationships across the Asia-Pacific region.

ABC News

Kim Jong-Un Fires Up Intercontinental Ballistic Missile As Biden Wraps Up Asia Visit

COVID-19-wrecked North Korea fired three ballistic missiles early Wednesday morning as U.S. President Joe Biden wrapped up his Asia visit, according to its neighbor.

Benzinga

North Korea fires three ballistic missiles - Seoul military

SEOUL: North Korea fired three ballistic missiles towards the Sea of Japan early on Wednesday, Seoul's military said, just one day after President Joe Biden wrapped up his first Asia visit as US leader.

Bangkok Post

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The Independent UK

Biden to address nation following Texas school shooting

President Joe Biden was set to address the nation Tuesday night shortly after returning to the White House from a five-day trip to Asia that was bookended by “horrific” mass tragedy

Input

Sony is stiffing PlayStation Plus users with surprise upgrade fees

Sony's new PS Plus has launched in Asia, and users who stacked years using a discount now have to pay for their entire interval at once to use it.

Inverse

New PS Plus rollout is already a convoluted disaster in Asia

Sony launched its new PlayStation Plus plans in Asia, and players aren't happy. Here's how the bungled launch is the latest sign Xbox Game Pass shouldn't worry.

The Independent UK

Scientists will set 1,000 traps for murder hornets this year

Scientists will set about 1,000 traps in Whatcom County this year in their quest to wipe out the Asian giant hornet in Washington state

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Los Angeles Times

Travel once energized Biden, but Asia trip offers little relief from political woes

TOKYO — On his fifth and final day in Asia, President Joe Biden voiced amazement that Australian Prime Minister Anthony Albanese joined other leaders in Japan just a day after he was sworn in.

The Independent UK

In Asia, Biden pushes values he struggles to sell at home

Joe Biden spent his first presidential trip to Asia strengthening economic and military commitments

Benzinga

Earnings Beat, Dividend Hike, FY23 Outlook - Lots To Look In Ralph Lauren's Q4 Results

Ralph Lauren Corp (NYSE:RL) reported fourth-quarter FY22 sales growth of 18% year-on-year to $1.52 billion, beating the consensus of $1.46 billion. Revenues from North America increased 19% Y/Y to $674 million, Europe rose 26% to $467 million, and Asia grew 20% to $346 million. Comparable store sales increased 26%. Gross profit improved to…

Reuters

U.S. says China and Russia bomber drill shows depth of their alignment

A joint strategic bomber exercise by Russia and China in East Asia on Tuesday shows the depth of the two countries' alignment, a senior U.S. administration official said.

Benzinga

This Cybersecurity Firm Raised Significant Amount In KKR Led Funding Round - Read How Much

Semperis, a cybersecurity software startup based in the United States, has announced a $200 million funding round led by private equity firm KKR & Co Inc (NYSE:KKR) at a significantly higher valuation than its previous round, reported Reuters. Existing investors such as Insight Partners and new investors such as Ten Eleven Ventures joined…

Reuters

Russian and Chinese jets deliver pointed send-off on last day of Biden Asia trip

Russian and Chinese bombers flew joint patrols near Japanese and South Korea air defense zones on Tuesday in a pointed farewell to U.S. President Joe Biden as he concluded a trip to Asia that rankled Beijing.

The Conversation

Pay 'with a smile or a wave': why Mastercard's new face recognition payment system raises concerns

Mastercard’s “smile to pay” system, announced last week, is supposed to save time for customers at checkouts. It is being trialled in Brazil, with future pilots planned for the Middle East and Asia.

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