Asia/Pacific

Dollar Drops to Three-Week Low Against Japanese Yen as US Jobs Data Boosts Fed Cut Bets

The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April.


South Korea Joins Digital Economy Partnership, Boosting Global Digital Trade Initiatives

South Korea joins the Digital Economy Partnership Agreement (DEPA), boosting global digital trade initiatives...

Joe Biden Says 'Xenophobia' Hinders China, Japan, and India's Economic Growth as US Benefits From Migration

President Joe Biden said "xenophobia" among countries like China, Japan, and India is impeding their economic growth, contrasting it with the US, which he claimed benefits from migration...

US Accuses Russia of Quietly Shipping Refined Petroleum to North Korea at Levels Violating UN Cap

The US has revealed that Russia has been discreetly supplying refined petroleum to North Korea at levels that seem to exceed UN Security Council limits...


Latest News

Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology
The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine
Report: China Damages Philippine Vessel in Disputed South China Sea Shoal
The incident, which damaged a canopy on the Philippine Coastguard BRP Bagacay, occurred just outside Scarborough Shoal.
China’s Firms Reportedly Go Underground on Russia Payments to Avoid US Sanctions
Chinese firms operating in the Russian market are looking for alternate ways to facilitate trade with its northern neighbor, as they can no longer rely on large banks to finance such transactions.
Apple Secures Top Spot as Singapore's Best Employer for 2024, Google Ranks Second
The survey results also showed that being unhappy with work-life balance led more employees to leave their jobs.
China Passes Tariff Law, Extending Exemptions on US Products Until November 30
The Customs Tariff Commission of the State Council announced Monday that China will continue to exempt some US imports from extra taxes until the end of November this year.
China Ousts Scientist Behind Beijing's First COVID-19 Vaccine Over Serious Discipline, Law Violations
A former top executive at China's largest vaccine manufacturer, who oversaw the creation of the country's first inactivated COVID-19 vaccine, has been removed from the national legislature.
US Buys More Than 80 Soviet-Era Aircraft From Russia's Ally for Around $20,000 Each
The United States (US) reportedly acquired 81 obsolete Soviet-era combat aircraft from Russia's previous ally, Kazakhstan.
Elon Musk Makes Surprise Visit to China as Tesla Fights Local Rivals
Tesla founder Elon Musk met with a key government leader in China as Beijing's local automakers debuted their latest electric vehicle models.
Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology
Beijing city officials are providing subsidies for businesses that buy artificial intelligence (AI) chips made in China.
India Is Confident More Foreign Players Will Enter the Country's EV Market Due to New EV Policy Measures
The Department of Promotion of Industry and Internal Trade in India is confident that its new EV policy measures will attract and allow more global firms to enter the market.
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